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Daily Pivot Breakout Strategy

December 26, 2010 By Raj 3 Comments

This is a strategy published in latest edition of currencytradermag.com monthly magazine. You can get it at

http://www.currencytradermag.com/downloads/index.php (December Issue)

You need to register for this magazine but this is a free registration.

Once you download the magazine you can go to page 18 to see the strategy. This strategy is based on pivot points. For this strategy you need to calculated to pivot points manually. But if you have an indicator that will show you the pivot support and resistances on the chart that would be very useful and you don’t need to calculate the daily pivots manually.

I have researched a little on the web and found one indicator that does the job for you. The indicator is Daily Pivot Indicator and you can get it at

http://codebase.mql4.com/1941

Download the mq4 file and save it under experts -> indicators folder and restart your metatrader and you can see this daily pivots under custom indicators. This indicator draw the daily pivot lines for you.

Check the strategy and if you are interested in the strategy download the free pivot indicator and try it.

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Using Oscillators As Trend Following Indicators

December 23, 2010 By Raj Leave a Comment

This is an article published in the April-June 2009 edition of FX Trader Magazine. This is an article on how we can use oscillators as trend following indicators. Normally oscillators are used as range indicators.

Generally indicators can be defined as two types – Leading and Lagging. Leading indicators are generally range indicators which provide good signals when the market is in a range and they provide early signals. Examples of leading indicators are oscillators like RSI, Stochastic indicator etc. Lagging indicators are generally used as trend indicators but they provide signals when the market has already started trending. Examples of lagging indicators are moving averages, MACD etc.

It is very difficult to determine which indicators to use as it is not easy to determine whether the market follows a trend or a range.

In this article a different methodology of using oscillators as trend indicators is given. This is a very nice article. You can get it at

http://www.fxtradermagazine.com/archive_apr09_en.php

The above is the link for the April-June 2009 edition for FX Trader Magazine. To get this edition you need to register for this magazine but it is free. Once you register and logged in you can see this edition. There is a PDF version available for this edition. So open the PDF version and you can see this article on page 30. Cheit it out.

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Filed Under: Stochastic Indicator Tagged With: , , ,

How to spot a long term trend

October 2, 2010 By Raj Leave a Comment

There might be some ways to find out a long term trend in forex trading but the following resource gives a very useful information on how we can find out a long term trend in forex trading. The author of the article is mainly using a smoothed moving average to find out a long term trend. But the author did not mention if we have to use any shift or not. But still this is very useful.

Click here to visit the resource.

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Filed Under: Moving Averages Tagged With: ,

Commodity Channel Index Indicator

October 30, 2009 By Raj Leave a Comment

Commodity channel index which is also called CCI is a very popular indicator that is used to detect overbought and oversold markets. This is very easy to use.

This article explains how to use this indicator. The buy signal is generated when the commodity channel index is below the oversold line and when it crosses above the oversold line.

The sell signal is generated when the commodity channel index is above the overbought line and when it crosses below the overbought line.

An image is given for you to understand easily how to use this indicator.

Click Here to visit the resource.

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Accumulation/Distribution forex indicator

October 30, 2009 By Raj 3 Comments

This article gives you an indepth knowledge of what is an accumulation/distribution forex indicator like what is accumulation/distribution forex indicator, how to calculate accumulation or distribution, formula for calculation accumulation or distribution, how it can be used as a convergence or divergence indicator etc.

This is mainly a volume indicator which tries to gauge the supply and demand of a currency pair by collecting information if traders are buying (accumulating) or selling (distributing) for a particular currency pair.

When the graph is raising that means the traders are buying the currency pair which means accumulation of buyers and the when the graph is falling that means the traders are selling the currency pair which means distribution.

Images are provided for easy understanding of this forex indicator.

An example trade is also presented which shows how you can use this indicator as a divergence indicator. The example given was for the currency pair EURUSD on a daily chart.

Click Here to visit the resource.

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How to use pivot points for forex trading

October 30, 2009 By Raj 1 Comment

Pivot points project support and resistance lines on the charts which can be used for forex trading. This indicator uses a calculation on the Open\High\Low\Close of yesterday, to predict the Support and Resistance levels of today.

This article shows you how calculate pivot points and how to trade pivot points. A break out technique is explained for trading pivot points. The break out setup happens when the price breaks out when any of the support or resistance lines.

Images are provided for easy understanding of the article.

Click Here to visit the resource.

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Trading using Bollinger Bands

October 30, 2009 By Raj Leave a Comment

This article shows how to use bollinger bands as support and resistace for forex trading. The following is what is explained in this article.

Flat Middle Band: When the middle moving average of bollinger bands is flat and not trending, this means that the the trend is weak and the trading is mostly range trading.

Distance Between the Bands: When there is not much distance between the bands this means there is not much volatility and there might be a break out going to happen soon. There should be enough space between the bands to get profited from from trading when you are in range trading.

When both of the above conditions are met that means when there is a flat middle band and when there is enough space between the bands you can enter the forex trading at the reversal points at the bottom or top of the bollinger bands.

Images are provided for better understanding of this artilcle.

Click Here to visit the article.

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Using Bollinger Bands – A Very Important Forex Indicator

August 21, 2009 By Raj Leave a Comment

Bollinger Bands is one of the forex technical analysis tools. It was developed by John Bollinger in 1980s. Bollinger Bands consists of a center line two price lines one above the center line and one below the center line. The forex graph movements are always between the two price lines.

This article shows you how to use bollinger bands, one of the most important indicators, in forex trading. It will give you very good insight on using this. It shows you when to enter buy or sell trades using bollinger bands, what are are wrong signals and what are right signals. A very good article. Please check it at the following location.

Bollinger Bands
Forex graph showing the bollinger bands with a center line and two price lines
Forex graph showing the bollinger bands with a center line and two price lines
Click Here to visit the resource.
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