Forex Profit Alerts: May 17, 2012
May 17, 2012 – 9:04 pm | No Comment
There is one Target Breakout trade pending. There is one Squish Squash trade open and one pending. There is one Trend Finder trade open. The EUR/USD has a pending long trade. The GBP/USD has a pending long trade. The USD/JPY has a pending long trade. The USD/CHF has a pending short trade. Triad Swing Trades SquishSquash Trades:

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The Daily/Weekly Alerts will contain video alerts that will be sent to you Sunday through Thursday around 5:00 pm ET at the start of each new session. Most of the alerts that we will cover in the videos will be pending trades, so each trade will be followed up with an email alert when the trade is actually triggered.

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Indicators


The indicators section will provide you with a new indicator periodically for the MetaTrader 4 platform, as well as description videos made by me to not only explain what the indicator does, but how you can possibly supplement your trading systems with them.

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Up To Down Candle Ratio

Submitted by on July 2, 2010 – 1:49 pm2 Comments
Up To Down Candle Ratio

Statistical probability can be quite profitable, as I've both seen and proven. One of the most basic (yet powerful) numbers that you can have is to check and see the amount of up candles vs down candles in the current chart. I've used this in my trading quite a bit -- it allows me to see when a pair has moved too far in one direction, or if we are in a "sideways" consolidating market. I hope this indicator is as valuable to you as it has been to me!

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2 Comments »

  • Anthony Drapers says:

    Hi Jason,

    Good stuff! So nice to see all material explained this way, really cool. Now considering this indicator, like what youve done with other oscillators etc.. would it be possible to create a background colouring based on the indicator that woudl show areas of consolidation versus breakout/trend?

    Tnx,

    Kr. AD

  • Jason Fielder says:

    Yes, we can do that to some degree. Due to lagging indicators, breakouts from consolidation does lag by two bars on average.

    Good trading,
    Jason Fielder

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