Highest High Value Indicator (HHV)

 Highest high value is the highest value of the market during the selected period.

Highest High Value = Maximum (High) of n−periods

Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from above to below.

Donchain channel

The Donchian channel is a trend-following indicator.

✔It is wise to use this in conjunction with another trend indicator like ATR or simply 2 moving averages.
✔Only trade in the direction of the trend.
✔The Donchian channel measures the high and the low of a previously defined range – typically of the past 20 candles. (You can set this to any other period)
✔You can use the lower band as SL for long positions and the upper band as SL for short positions.

Link to the video, please click here 

https://youtu.be/9_Wwb5S43po

Accumulative Swing Index

The Accumulative Swing Index (ASI) is a trendline indicator. Also, we can use it for very good trading entry signals using its high, low and 0 line prices.

Before adopting any indicator, please check to see how accurate this indicator been on the specific market that you want to trade on as each market work well with some indicators.

ASI is good with most stock and indexes.

Also, please be advised that this is just an educational video. Please trade responsibly as you may lose your money.

https://youtu.be/fv4OFgakp1Y

GBPUSD Analysis using channel and Williams R indicator

Hi

Here is a video in my youtube channel. 

Trading in a sideways markets can be easy and interesting. 

https://youtu.be/1cmvv021ALg

Reviewing the trend is our best friend in the Forex trading

Looking at the graphs and the trend of price movements in the past gives you a very good overview to predict the price move in future.
Although it looks pretty trivial, it does help you get profitably.

Once you understand the price trends, you can identify the best time to buy the currency pair.
It is best to follow the trend. Typically, moving upwards will give you more buying chances and downward more selling chances.

But, how to identify the type of price movement? What are its characteristics?

The most convenient way of figuring this out is by looking at the charts. This way you can see the up or down movement.

Detect type of movement in Forex.
The price movements in the chart form the peak and concave points that are easily recognizable.
In an upward trend, the movement of prices forms higher peaks and higher valleys.
A graph values thousands of words. Let's take a look at the chart below:

This chart shows a downward trend, and this chart suggests that the trader should sell.


It is important to note that it is difficult to detect the type of movement on some days, there is not much change in prices for some days.
And sometimes price changes outline a price range that creates very uncertain conditions. The following figure shows an example of this state.

The forecast is much simpler when you can see a trend that when the price is in a range. You must take caution.

The unpredictable movement in this case is the reason that many traders avoid trading in the range and wait for the renewing signal of the uptrend or downtrend.

Bat Pattern

The bat pattern is a 5-point correction structure developed by Scott Carney in 2001. This template has specific Fibonacci measurements for each point in its structure.
 It's important to note that D is not a point, but an area in which the price trend is likely to be reversed (PRZ). PRZ containing 3 coordinate levels of convergence:

1.  0.886 Modification from base XA,
2.  Stretch CD = N * AB, usually 1.27 AB = CD And 
3. The Stop Loss forecast is BC to 1.618.

The point B from the initial XA base should be less than 0.618 Fibonacci, preferably 0.50 or 0.382 and the

The first goal is to point 0.382 of the AD and the second target is 0.618 AD correction. A common point to choose a stop loss or is behind the X-Point. Conservative traders may seek additional approval by other indicators. Bat pattern can be downward and upward.
All patterns may fall into a wider range of trends or ranges, and traders should be aware of it (refer to Elliot Wave Theory for relevant information).

Here is step by step guide;

• The first return from point A, which is the end point of the first wave, is 0.382 or 50% Fibonacci. Point B.
• Point C can be anywhere between points A and B.

To get the area D.

• Draw line 0.886.
•  Calculate CD length to 1.27 * AB.
• Draw Fibonacci Line 1.618.
• In the bullish market, buy at Point D.
• In the bearish market, sell at Point D.

                                            Uptrend                                        Downtrend



See the following example of a Bat pattern on GBPUSD which I posted on eToro.

And the following photo is the day after:

You can see the price jumped from 1.2770 to 1.3026. Yes, it feels good when your technical analysis works.

Here is the video!

Earn Money In Up(Bullish) And Down(Bearish) Market

Forex trading is very exciting. The market is on the move, and the smallest movement in the currency can mean a lot of profits and losses!

Let me explain this further.

8 of the most traded currencies in the Forex market are as follow:

United States Dollar	USD
Euro	EUR
Pound Sterling	GBP
Japanis Yen	JPY
Canadian Dollar	CAD
Swiss Franc	CHF
New Zealand Dollar	NZD
Australian Dollar	AUD

Forex is trading in pairs, which means, each transaction involves selling a unit and buying another unit. The following pairs are the 18 most popular pairs in the Forex market.

EUR/JPY	USD/CAD
EUR/CHF	EUR/USD
EUR/GBP	USD/CHF
AUD/CAD	GBP/USD
GBP/CHF	NZD/USD
GBP/JPY	AUD/USD
CHF/JPY	USD/JPY
AUD/JPY	EUR/CAD
AUD/NZD	EUR/AUD

When a pair of currency units are bought and sold, it has a bid-ask rate (for example):
Pair EUR / USD
Ask 1.5422
Bid  1.5420
This means that:

Buy pairs to bid rates or sell pairs to the asking rate

Buy Euro at $1.5422 Or Sell Euro at $ 1.5420

So what's your potential to gain profit?

The rate of pairs is constantly changing. One way to make money is to buy a pair at a rate and then close it at a higher rate. Another way is to sell a pair and then close the position at a lower rate.

Yes, in the FOREX market we can always make money by recognizing the trend. If we are in a bullish market we buy and if the trend is bearish we sell. Do not forget that trend is your friend! 

Speculative Sentiment Index or SSI

The SSI index compares the number of accounts in buy trades vs sell trades for each major currency. It releases twice daily. Each account is counted once, regardless of trade size. The SSI index gives us a single number, positive or negative as the price sentiment. A positive value means there are more buyers than sellers. If the SSI is negative, the number of sellers is more than buyers.

Let make this a bit more clear:

If SSI is -2.50, there are 2.50 sellers for every 1 buyer.

If SSI is +2.03, there are 2.03 buyers for every 1 seller.

You may notice that in the forex market more people are losing money than earning a profit. Yes, that is correct it is better to go with the minority. It means if the SSI is negative we should buy and vice versa.

Like other indicators, you can not trust this one for every single trade. But at least you will be OK must of the time. Be careful though!

Gap Trading

1. 
   Gap traders believe that in currency trading the pair tries to fill the gap after up to 3 days.

The same thing can be applied to stock trading or commodity trading.

I will update this one if it happens to be true.

Yes, GAP trading works.

I even checked GAP trading again between the 20th and 24th of May for 10 pairs.
So let's check to see if GAP trading worked this time?
On Monday morning the 20th of May we noticed a gap in some pairs.

On Friday the 24th I checked to see if it works or not.

The GAP already was closed for these pairs: $OIL, $NZDCHF, $AUDUSD, $AUDCHF, $AUDCAD, $CADJPY, $NZDUSD, $AUDJPY .


For $EURAUD the gap is almost closed.

Among the pairs that I am monitoring only $AUDNZD did not close the gap. Normally it takes up to 2 weeks, though.

So, considering that 8 out of 10 pairs responded well to the gap trading.
We give it an 80% accuracy score.
In FX trading this is very good.
See below the #AUDCHF 4H chart.

What are the other scenarios?

2. Price tries to close that gap but fails

3. In very trendy markets with big gaps prices may continue in the same direction.

Is Double Up An investing strategy?

پارسی

"Doubles up" is very common amongst the people who bet especially in casinos. Imagine when a trader does his or her analysis but price moves in opposite direction If the trader is confident enough that this is only a short-term move and price will go back as the analysis he or she may double the current position in an asset. Generally, after an adverse price movement event, there is a high chance to open another position at a better price. You have to be careful, though as this will increase the risk.