McGinley Dynamic Indicator

McGinley Dynamic Indicator:

• It was invented by John R. McGinley.
• It would automatically adjust itself in relation to the speed of the market.

This future can be very helpful as it is sometimes difficult to choose the right period for the MA. 

• It also helps to account for the gap that often exists between prices and moving average lines.
• Can't be used as a single indicator and we need to combine this with other indicators or another McGinley indicator.

Price actions respect moving averages because so many traders use them in their strategies.

Because of the formula, the Dynamic Line speeds up in down markets and moves more slowly in uptrends. One wants to be quick to sell in a down market, yet ride an up-market as long as possible. 

Price Channel Trading Strategy

Characteristics:

• Channels are banded current trend-following indicators. 
• Similar to other indicators they lagging.
• They have an upper and a lower line.
• Upper and lower bands are at equal distance from a middle line. 
• The area between upper and lower lines is the channel. 

Signals:

• The upper or lower line breakouts.
• The upper and lower lines bounce backs.

Channels can be seen in trendy or sideways markets.

Different types of channels will be discussed in other videos like:

Donchain Channels

Keltner Channels

Fibonacci channels

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Vertical Horizontal Filter

 

I normally do not use this indicator for signals. Instead I am using this to recognise the trend as a confirmation for my signals.

• Rising values confirms continuation of a trend. (Uptrend or downtrend)
• Falling values indicate a ranging market.
• High values: Potentially end of a trend.
• Low values: Maybe start of a trend.

A volatility indicator can help you in interpreting this indicator as in a more volatile market the range will be wider!

Ultimate Oscillator

 

Buying Pressure (BP) = Current Close – Minimum (Current Low or Previous Close)

 

Ultimate Oscillator = 100 x [(4 x Cycle1) + (2 x Cycle2) + Cycle3] / (4 + 2 + 1)

 

Calculation

If:

·         Cycle 1=7

·         Cycle 2=14

·         Cycle 3=28

Then:

Ultimate Oscillator = 100 x [(4 x Average7) + (2 x Average14) + Average28] / (4 + 2 + 1)

 

Overbought and oversold signals:

In an uptrend:

Buy when the indicator rise above oversold line.

In a downtrend:

Sell when the indicator falls below the overbought line.

Divergence signals:

Buy signal normally at the end of a downtrend: Wait for the bullish divergence in the market. This means, the price should make a lower low, but the indicator should display a higher low.

Sell signal normally at the end of an uptrend: Wait for the bearish divergence. This means, the price should make a higher high, but the indicator should display a lower high.

Fundamental Analysis For 5 Assets (Alcoa, UPS, CAC, EURJPY, Acerinox)

 𝕃𝕖𝕥𝕤 𝕥𝕒𝕝𝕜 𝕒𝕓𝕠𝕦𝕥 𝕞𝕠𝕤𝕥 𝕡𝕣𝕠𝕗𝕚𝕥𝕒𝕓𝕝𝕖 𝕒𝕤𝕤𝕖𝕥𝕤 𝕚𝕟 𝕠𝕦𝕣 𝕡𝕠𝕣𝕥𝕗𝕠𝕝𝕚𝕠 𝕒𝕥 𝕥𝕙𝕖 𝕞𝕠𝕞𝕖𝕟𝕥!

#AA  

𝙎𝙞𝙣𝙘𝙚 𝙈𝙖𝙧𝙘𝙝 𝘼𝙡𝙘𝙤𝙖 𝙨𝙩𝙚𝙥𝙥𝙚𝙙 𝙪𝙥 𝙩𝙝𝙚 𝙗𝙖𝙩𝙩𝙡𝙚 𝙞𝙣 𝙜𝙧𝙚𝙚𝙣 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩 𝙖𝙣𝙙 𝙖𝙣𝙣𝙤𝙪𝙣𝙘𝙚𝙙 𝙞𝙩𝙨 𝙥𝙡𝙖𝙣 𝙩𝙤 𝙨𝙪𝙥𝙥𝙡𝙮 𝘼𝙪𝙙𝙞 𝙬𝙞𝙩𝙝 𝙩𝙝𝙚 𝙖𝙡𝙪𝙢𝙞𝙣𝙪𝙢 𝙪𝙨𝙞𝙣𝙜 𝙖 𝙯𝙚𝙧𝙤-𝙘𝙖𝙧𝙗𝙤𝙣 𝙨𝙢𝙚𝙡𝙩𝙞𝙣𝙜 𝙥𝙧𝙤𝙘𝙚𝙨𝙨. 𝘾𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙 𝙞𝙨 𝙝𝙚𝙖𝙙𝙞𝙣𝙜 𝙩𝙤𝙬𝙖𝙧𝙙𝙨 𝙪𝙨𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙖𝙣𝙙 𝙢𝙤𝙧𝙚 𝙚𝙣𝙫𝙞𝙧𝙤𝙣𝙢𝙚𝙣𝙩𝙖𝙡𝙡𝙮 𝙛𝙧𝙞𝙚𝙣𝙙𝙡𝙮 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙨, 𝙞𝙣𝙫𝙚𝙨𝙩𝙞𝙣𝙜 𝙞𝙣 𝘼𝙡𝙘𝙤𝙖 𝙬𝙖𝙨 𝙖 𝙜𝙤𝙤𝙙 𝙘𝙝𝙤𝙞𝙘𝙚 𝙖𝙣𝙙 𝙨𝙩𝙞𝙡𝙡 𝙞𝙨. 

#FRA40 

𝙀𝙪𝙧𝙤𝙯𝙤𝙣𝙚 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙛𝙪𝙩𝙪𝙧𝙚 𝙡𝙤𝙤𝙠𝙨 𝙗𝙧𝙞𝙜𝙝𝙩, 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙙𝙖𝙩𝙖 𝙡𝙞𝙠𝙚 𝙋𝙈𝙄 𝙖𝙧𝙚 𝙜𝙤𝙤𝙙. 𝙄𝙣𝙫𝙚𝙨𝙩𝙤𝙧 𝙨𝙚𝙣𝙩𝙞𝙢𝙚𝙣𝙩 𝙖𝙣𝙙 𝙨𝙩𝙧𝙤𝙣𝙜 𝙧𝙚𝙫𝙞𝙫𝙖𝙡 𝙞𝙣 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙞𝙣 𝙁𝙧𝙖𝙣𝙘𝙚 𝙝𝙚𝙡𝙥𝙞𝙣𝙜 𝘾𝘼𝘾 𝙩𝙤 𝙧𝙞𝙨𝙚. 

#UPS

𝙐𝙋𝙎 𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙 𝙬𝙚𝙡𝙡 𝙙𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚 𝙥𝙖𝙣𝙙𝙚𝙢𝙞𝙘 𝙗𝙚𝙘𝙖𝙪𝙨𝙚 𝙤𝙛 𝙨𝙩𝙧𝙤𝙣𝙜 𝙜𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙩𝙞𝙖𝙡 𝙖𝙣𝙙 𝙞𝙣𝙩𝙚𝙧𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙞𝙚𝙨. 𝙒𝙚 𝙨𝙝𝙤𝙪𝙡𝙙 𝙣𝙤𝙬 𝙨𝙩𝙖𝙧𝙩 𝙩𝙤 𝙗𝙚 𝙖 𝙗𝙞𝙩 𝙢𝙤𝙧𝙚 𝙘𝙖𝙪𝙩𝙞𝙤𝙪𝙨 𝙖𝙨 𝙩𝙝𝙚𝙧𝙚 𝙨𝙝𝙤𝙪𝙡𝙙 𝙗𝙚 a 𝙘𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙤𝙣 𝙝𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜 𝙨𝙤𝙤𝙣.

#EURJPY

𝙅𝙋𝙔 𝙞𝙨 𝙤𝙣𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙨𝙖𝙛𝙚 𝙝𝙖𝙫𝙚𝙣 𝙘𝙪𝙧𝙧𝙚𝙣𝙘𝙞𝙚𝙨 𝙙𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙘𝙧𝙞𝙨𝙞𝙨. 𝙉𝙤𝙬 𝙩𝙝𝙖𝙩 𝙬𝙚 𝙖𝙧𝙚 𝙤𝙫𝙚𝙧𝙘𝙤𝙢𝙞𝙣𝙜 𝙩𝙝𝙚 𝙨𝙩𝙧𝙚𝙨𝙨𝙚𝙨 𝙛𝙧𝙤𝙢 𝙥𝙖𝙣𝙙𝙚𝙢𝙞𝙘, 𝙅𝙋𝙔 𝙬𝙞𝙡𝙡 𝙬𝙤𝙧𝙩𝙝 𝙡𝙚𝙨𝙨. 𝙤𝙣 𝙩𝙝𝙚 𝙤𝙩𝙝𝙚𝙧 𝙝𝙖𝙣𝙙 𝙀𝙪𝙧𝙤𝙯𝙤𝙣𝙚 𝙨𝙝𝙤𝙬𝙨 𝙖 𝙜𝙤𝙤𝙙 𝙧𝙚𝙘𝙤𝙫𝙚𝙧𝙮. 𝙏𝙝𝙚 𝙤𝙪𝙩𝙘𝙤𝙢𝙚 𝙞𝙨 𝙤𝙗𝙫𝙞𝙤𝙪𝙨, 𝙬𝙚 𝙨𝙩𝙖𝙮 𝙗𝙪𝙡𝙡𝙞𝙨𝙝 𝙤𝙣 $𝙀𝙐𝙍𝙅𝙋𝙔

#ACX.MC

𝘼𝙘𝙚𝙧𝙞𝙣𝙤𝙭, 𝙎.𝘼. 𝙞𝙨 𝙖 𝙨𝙩𝙖𝙞𝙣𝙡𝙚𝙨𝙨 𝙨𝙩𝙚𝙚𝙡 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙘𝙤𝙣𝙜𝙡𝙤𝙢𝙚𝙧𝙖𝙩𝙚 𝙜𝙧𝙤𝙪𝙥 𝙗𝙖𝙨𝙚𝙙 𝙞𝙣 𝙎𝙥𝙖𝙞𝙣. 𝘼𝙛𝙩𝙚𝙧 𝙏𝙧𝙪𝙢𝙥 𝙩𝙖𝙧𝙞𝙛𝙛 𝙥𝙡𝙖𝙣𝙨, 𝙖𝙡𝙢𝙤𝙨𝙩 𝙖𝙡𝙡 𝙤𝙛 𝙩𝙝𝙚 𝙀𝙪𝙧𝙤𝙥𝙚𝙖𝙣 𝙨𝙩𝙚𝙚𝙡 𝙢𝙖𝙠𝙚𝙧𝙨 𝙗𝙚𝙣𝙚𝙛𝙞𝙩𝙩𝙚𝙙 𝙖𝙣𝙙 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚𝙙 𝙨𝙤𝙢𝙚 𝙠𝙞𝙣𝙙 𝙤𝙛 𝙗𝙤𝙤𝙨𝙩. 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙗𝙤𝙪𝙜𝙝𝙩 𝙩𝙝𝙚𝙨𝙚 𝙤𝙣 𝙩𝙞𝙢𝙚. 𝙄 𝙩𝙝𝙞𝙣𝙠 𝙬𝙚 𝙨𝙝𝙤𝙪𝙡𝙙 𝙨𝙩𝙞𝙡𝙡 𝙝𝙤𝙡𝙙 𝙤𝙣𝙩𝙤 𝙩𝙝𝙚 𝙨𝙩𝙤𝙘𝙠𝙨 𝙖𝙨 𝙣𝙤𝙬 𝙩𝙝𝙚 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙧𝙚𝙘𝙤𝙫𝙚𝙧𝙮 𝙢𝙖𝙮 𝙗𝙤𝙤𝙨𝙩 𝙩𝙝𝙚𝙨𝙚 𝙢𝙤𝙧𝙚.

ℍ𝕒𝕡𝕡𝕪 𝕥𝕣𝕒𝕕𝕚𝕟𝕘!

Typical Price

 

Typical Price is an approximate arithmetic average. Some people call this a Pivot point

How to calculate:

High: H

Low: L

Some people use this Open: O      TP= (H+L+O+C)/4

Close: C

The formula is as below:

TP= (H+L+C)/3

Strategy:

Combine this with a moving average.

Signal: Every time TP crosses above MA it gives us a buy signal

A TP crossing below the MA produces a sell signal.

Triple Exponential Average (TRIX)

 

Triple Exponential Average (TRIX)

·       TRIX is an Oscillator: Oscillates around zero

o   Overbought if it is above zero - I do not like this definition!

o   Oversold when it is below zero - I do not like this definition!

·       When TRIX is used as a momentum indicator

o   Positive value means the momentum is increasing.

o   Below zero line suggests the momentum decreasing.

·       When TRIX is used as a trend indicator

o   More time staying above the zero means uptrend.

o   More time below the zero line means downtrend.

·       Signals

o   Many analysts believe that when the TRIX crosses above the zero line it gives a buy signal, and when it closes below the zero line, it gives a sell signal.

o   I prefer combining TRIX with a moving average with smaller time period

§  Buy only if in an uptrend and you see the TRIX crosses above MA

§  Sell only if in a downtrend and you see the MA crosses above TRIX

·       Divergence

o   A divergences between price and TRIX can indicate significant turning points in the market.

Time Series Forecast Indicator (TSF)

 The Time Series Forecast tries to calculate a best-fit line over a specified time period using Linear Regression. This line is then plotted forward for a user-defined time period.

I use this in an identical way as I use 2 moving average indicators.

So the same setups will be used here. You can watch the video for how to use moving averages here .

The advantages of using TSFs over MAs are:

1. Moving average has more delays.
2. TFS also tries to forecast the price.

Swing Index Indicator (SI)

1. Swing Index is used to compare a price movement to price swing 
2. The purpose is to defining the strength of price movement.
3. Positive SI reading can be a sign of a price up-move and negative SI readings considered as a sign of price down-move. 
4. Swing Index is based on the 2-bar data
5. I prefer to use SI on shorter time frames as it is only reliable to predict just several bars into the future. 

Signals:

• Buy signal: when the Swing Index crosses over zero. (Duration of trade only next few candles)
• Sell signal: when the Swing Index crosses below zero. ( Stay in trade or change SL after only a few candles)
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Pretty Good Oscillator Indicator

In a Downtrend: Only sell 1. At the end of the overbought area 2. Add when crossing below 0 line 3. Add at the start of Oversold In an Uptrend: Only buy 1. At the end of the oversold area 2. Add when crossing above 0 line 3. Add at the start of overbought Indicator Settings Period 28 Overbought 2 Oversold -2 Your Capital is at Risk. This is only an educational video.

Moving Average Envelopes

Moving average envelopes are created by plotting 2 lines at a percentage or points away from either side of the MA. 

MAEs are good to figure out the best resistance and support levels. 

We can add/close/open new positions when touching the support/resistance levels as well as when price crosses the middle line.

Moving Average Strategies

In this video, I explained the following. What is MA? What different types of MA are out there? Strategies and combination with other patterns.

Median Price Indicator

Median Price is very simple indicator which plots mid-point range for each period.

High Minus Low indicator (HML)

 Recognise the volatile market.

Figure out the trend direction.

Open your new positions.

HML indicator simply plots the difference between high and low.

High readings mean we are in a trendy market.

Low readings mean we are moving sideways in a range.

My strategy:

✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator)

✔High reading HML and increasing volume mean we are in an uptrend.

✔High reading HML and decreasing volume mean we are in a downtrend.

For the link to the video, please click here!

Important events for today #GBP #EUR

Yesterdays Corney's speech wasn't that much interesting.

Today we have 2 important events happening for GBP and one for EUR.
Let's see if these events can influence the GBP and EUR pairs.

At 15:30(GMT+8)📢  EUR ECB President Draghi Speaks in Frankfurt.
We can expect High volatility after Draghi's speech

At 16:30(GMT+8)👀 GBP Consumer Price Index (YoY) (APR) Normally High volatility after the results (Forcasted 2.2% Vs Previous 1.9%)
At 16:30(GMT +8)👀 GBP Core Consumer Price Index (YoY) (APR) Again High impact (Forecasted1.9% Previous1.8%)

Depending on what Draghi says and what will be the result of GBP events we can guess the price movements. At this stage we can only manage our accounts to not getting surprises.

Pairs from my portfolio that may affect by these events:
 #EURUSD #EURAUD  #EURGBP #GBPCAD  #GBPUSD and #EURJPY