Black Diamond Forex System

Tuesday, December 29, 2009

The Black Diamond Forex System can be used in any pair operated in the forex market and any timeframe. Each trader has his own style of operating in the forex market, and you can put into practice by using this approach. If you've never operated in the forex market before, or are not sure about your style of work, just follow the rules described later in this guide. If you are a trader, develop your strategy based on tools to show in this book!
Rules :

This method is efficient and fits my style of operating in the timeframe of 30 minutes. However, you can use this method in any timeframe. Remember to follow all the rules, for example, if you're operating in the timeframe of 30 minutes, you should always check the charts of 1H and for 4H identify the trend. Do not operate signals from the chart, 30 minutes timeframes in the case of 1H and 4H are with signs opposite to minimize the risk of false signals.


Forex Indicators Collection

Sunday, December 27, 2009

Forex Indicators Collection Should I buy today? What will prices be tomorrow , next week, or next year? Wouldn't investing be easy if we knew the answer to these simple question ? I can help you here by providing custom indicators for technical analysis research .Forex custom indicators is indicator that already optimized to get a maximum result in forex trading .You can find many forex custom indicators based on meta trader 4 platform here .You can mix all indicators available to get better result in trading and perhaps you can make your own proven forex system .

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Indicators for Forex Trading

Friday, December 25, 2009

Some people may find difficult to forex trading. Because the market tendencies, not a detailed technical analysis is the reason do not want to spend enough time çalisirken humming. Forex charts is very important and you need to know how to develop these plots. As you probably know, a fast-paced environment for the exchange piyasasindaki a good profit oldugunu want and if it should yetismek. And certainly can not do technical analysis indicators can help the market.

Indicators too, especially about Forex market, to complete a process has merit. Expected behavior of this indicator most market size, but not completely sure fiyatlarinin exchange.

Forex trading is a very important technical indicators. Sen, identify market trends for their own marketing strategy to build birlestirebilirsiniz indicators. Forex market, where you can keep in a good position to win if it effectively as a trader or short-and medium-significant tendencies will need to determine trends tendencies olma, many benefits.

Degisiyor Forex market continuously since the criteria for the use of technical indicators should ayarlamaniz. If you want to receive the highest probability and the right forecast, indicators need to birlestirmek must. We want to make the investment this way to determine the behavior of prices of currencies.

Consequently, to gain maximum profits trades right oldugunu Assuming your decision, again düsünmelisiniz other factors. If you have a bad day Forex market, profits and time to stop the trade. Because if) the money brought hope long (This is the price we have lost a wise decision, you will lose more than invested olmasidir. If money in a narrow area carrying the so-called price and no reason, this is a great motion estimation is not required. Trading for the best chance of winning with the different found a benefit.

To use as many technical indicators, be sure you will find the best working combination. If you had a few drops of any forex trading encounterment courage, do not you, because natural. With the use of technical indicators, analysis and work yourself plenty of time during the var. There's so many things to observe, and you can not only has a few minutes. Because only for himself, "Can not Slow Down Forex market work, however, a very long time you take a commercial decision not to" make sure. We fit one it has rapidly changing situation. There who want to profit dealers do not forget too much. We need to compete.

Not easy to do technical analysis, so all you have needed help. If you learn more about this type of trade you want to work, filed a broker or forex trading tools online. Widely used as Internet use and self yarariniza. Thus, you can use to determine market tendencies Learn more about various technical indicators. More information about technical indicators in order to successful foreign currency needed for commerce.


Best Forex Indicator Part 4







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AbsoluteStrength TimeFrame.mq4







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Adaptative Stochastic v4.mq4

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ADXDMI.mq4 [ブログ]








Volume Based Indicators

Volume measures the “worth” of a market move. If a currency pair has a strong price move either up or down, the perceived strength of that move depends on the amount of volume for that period. Moves backed by higher volume are more significant. By monitoring volume, a trader should not be left behind on important market moves. Important moves will usually come on a spike, or a short period of time when there is more volume than normal. Volume can help a trader prepare for breakout from a trend. Traders should also be able to identify periods where there are calm ranges and consolidation as they will have lower volume.

Volume’s Significance:

Volume is important because when a large number of trades are placed in a certain day or session, which means there are many buyers and sellers that set this price. Therefore, the close for the session will be accurate since it is a consensus between the traders and investors that are buying and selling. If volume was low, the price has been set by a smaller number of individuals and organizations and may not be representative of the true value.

Difference between Equity Volume and Forex Volume:

Volume is different in Forex than in equities. In equities every share traded is considered 1 volume, so selling 100 shares, and conversely someone buying those 100 shares counts as 100 in volume. In Forex the market is decentralized and it is impossible to keep track of all the amounts and sizes of contracts in a given day. Instead the way volume is measured is to count how many ticks or changes of price there are throughout the session. There needs to be a certain amount of contracts signed to move the price one way or the other, and each tick represents this amount. Therefore volume can still be measured, even though it’s a little bit of a roundabout way compared to equities.

  • Volume should be used as a corroborative evidence of a trend, not as primary evidence.
  • Volume can be used to confirm price changes. When a trend starts, and there is not a pick up in volume activity, that may mean that the trend is weak and does not have commitment.
  • Secondly, if there is a pick up in volume, then that may mean that a change in price may be approaching. The direction of the movement during this increase in volume can be indicative of the upcoming action.

Who is in Control?

A bullish market is one in which there are more buyers than sellers. A bear market is one where there are more sellers than buyers. When a majority of buyers move to seller position, price drops. As price drops, more long positions switch positions to avoid losses, bringing price down further. This snowball effect can cause a volume spike and possibly a trend reversal.

Referring to long or short positions is easier than buying and selling as in Forex selling one currency is buying the other and vice versa. To be in a long or short position on a particular pair can only mean one thing.

Accumulation – is a term used to describe a market that is controlled by buyers.
If there is a downward trend that stalls when volume is increasing or high, that means there are more buyers willing to buy the pair at the lower price and accumulation is taking place. Once all the sellers are exhausted, then buyers will outnumber sellers and the downtrend will reverse.

These are the two ways that a day can be characterized as accumulation:

  1. Volume increases compared to yesterday and closing prices move higher.
  2. After trending downwards, price moves very little on a pick up in volume.

Distribution – is a term used to describe a market that is controlled by sellers.
If there is an upward trend that stalls, and volume increases, that must mean that there are many sellers willing to sell the pair at the higher price. Therefore buyers have lost control to sellers.

These are the two ways that characterize a day featuring distribution:

  1. Volume increases and closing price moves down.
  2. After trending upward, price moves very little on a pick up in volume.

High Volume and Reversals:

As mentioned before, volume can provide insights in trend reversals. In a longer term scenario traders may be able to identify and ride trends. Reversals come about as there are changes in the underlying fundamentals for a currency pair. Identifying these changes is the real challenge of trading currencies. Usually as investors and traders catch wind of these fundamental changes volume picks up as more and more investors get on board.

A reversal can be different from a volume spike, which is an increase in volume in a single trading period. Reversals usually come on several to many days of higher than average volume. The short-term extra volume needed for a spike can be brought about by a single news item and its effects can wear off just as fast. Trend reversals are based more on fundamental economic shifts and changes in the economies of two countries.

Notice how volume picked up dramatically at the end of 2004 after a two month downtrend. The fundamentals between these two currencies must have changed and traders responded, increasing volume at the market bottom. The downtrend buckled and the USD/JPY went on a yearlong trend in the opposite direction. Most reversals will not have such a big surge of volume, but this is a good visual example of how a reversal on high volume can happen. Trends move in waves with retractions. The lines labeled A-B-C try and show the main parts of the wave for both the long term downtrend and uptrend. They are very rudimentary and if one is interested, it would be beneficial to research Elliot Wave Theory to learn about this phenomenon further.

Technical traders are always looking for good trends to trade. A position or swing trader uses the volume indicator to try and locate healthy trends that they can “ride” for a month or so. We will look at some past examples so that a beginner trader can get a feel for how to use the interpretations of this very important indicator.

  • An upwards movement is a strong trend if volume is increasing as price heads up, and sessions where price decreases are associated with lower volume.
  • A healthy downtrend would see volume increasing as price decreased and volume decreasing on sessions where the price increases.
There are three healthy trends that can be analyzed from February through May. Two of two of them are uptrends and one is a downtrend. Even thought they are not very long lasting, their progression will be covered more in depth coming up. In a general sense one can see that in mid February price increased as volume trended upwards. In March, the initial down move came on increasing volume. Lastly, after the downtrend reverses, the middle of the following uptrend comes on increasing volume. The first two healthy trends will be explored in figure 4; the third healthy trend will be covered in figure 5. It should be evident that identifying trends, during trending market situations such as the one in figure 3, can be very useful to a trader. You can see for yourself the amount of pips that each trend moves.


moving average indicator

Tuesday, December 22, 2009

The moving average is one of the most widely used technical indicators because it is versatile and easily constructed. It serves as a device to follow trends in the movement of a currency (or stock). Its purpose is to identify and signal to a technical trader that a new trend, a sustained movement either up or down in the currency, has begun or that an old trend has ended or reversed. The reason trends are easier to see using a moving average is that it acts to smooth the volatility inherent in looking at the price action alone to recognize trends. Overlapped with the price action the moving average produces buy and sell signals to the analyst or trader. The signals have a lag to market conditions, therefore a moving average is a trend following indicator.
The solid red line presented in figure 1 is a 21 period, simple moving average of the Euro in relation to the US Dollar. The period being considered is 30 minutes, which means that every candle represents 30 minutes worth of price data. The figure shows roughly two full days of price movement for the EUR/USD pair. The mechanics of periods and how a moving average is constructed comes next.

The moving average is, obviously, an average. A trader can choose how many periods (measured in minutes, hours, days, weeks, etc.) the moving average should consider. The most common is the 21 day moving average, but there are advantages and disadvantages to using longer or shorter time periods, which we will get to in just a minute.

In order to calculate, as an example, the 10 day (here the period is 10 and measured in days) moving average, one adds the last 10 days' closing prices and divides that sum by 10, the number of days, to find an average. The reason it is a moving average is that the indicator is interested in the last 10 days' data. At the beginning of a new trading day, to compute the new 10 day moving average one uses yesterday’s data as the latest entry and discards the data from 11 days ago, which is no longer relevant to the computation. In this way the last and first data points are changing and the average is constantly updating itself.

Variations of Moving Averages

There are criticisms of using a simple moving average, which is the mathematical process described above. Mainly, the most recent day’s data is not given more weight in the moving average. Some analysts prefer to give more weight to the most recent data and the simple, also known as arithmetic, moving average does not factor this in. In order to accommodate these concerns some analysts employ a linearly weighted moving average. In a 10 day moving average the 10th day's data (the most recent) would be multiplied by 10, the 9th day’s data by 9, the 8th day’s by 8, and so on. This alleviates the weighting problem, as the most recent data takes dominance. A second criticism is that a moving average does not include all of the data in the life of the instrument. The solution is to this problem is to use the exponentially smoothed moving average. This type of moving average takes into consideration all past data.

Exponentially Smoothed Moving Average

The formula for an exponential moving average is:
EMA(current) = ( (Price(current) - EMA(prev) ) x Multiplier) + EMA(prev)

The exponential moving average (EMA) comes in two varieties because there are two different ways to achieve the multiplier parameter in the formula above.

  • One variety is a percentage based EMA which is calculated using a specified percentage for the multiplier; however much weight one wants to give the last day’s change.
  • The second kind of EMA uses the period specified for the average in a formula to calculate the multiplier.

This period based EMA multiplier is computed with the following formula:
2/(1+N), where N is the period.

A 10 day moving average will have a multiplier of:
2/(1+10) = .1818 or 18.18%.
A 200 day moving average will have a multiplier of:
2/(1+200) = .00995 or 9.95%

An EMA will take into account all the data of the instrument; however as is seen from the above examples the multiplier is larger for shorter time periods and so the older data’s significance is diminished more in those cases.
In the black circles it is apparent that the Exponential Moving Average hugs the actual price line more closely than the Simple Moving Average. It is quicker to respond to reversals in the trends. That is because the more recent data is represented stronger in the EMA and it can adjust to these changes quickly.

Which moving average is better? The EMA is more sensitive and better for shorter time periods as it can capture changes quicker. The tradeoff is between sensitivity and reliability. Since EMA respond quicker to short-term situations, they may also be prone to giving false signals. Simple moving averages work well for longer-term situations that do not require a lot of sensitivity.

The solid red line presented in figure 1 is a 21 period, simple moving average of the Euro in relation to the US Dollar. The period being considered is 30 minutes, which means that every candle represents 30 minutes worth of price data. The figure shows roughly two full days of price movement for the EUR/USD pair. The mechanics of periods and how a moving average is constructed comes next.


Best Forex Indicator Part 3

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