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  • #3,641
  • Jun 16, 2024 9:05pm Jun 16, 2024 9:05pm
Quoting PatienceFx
this week i am going to challenge myself actively i am using Gelubrin-Trend-2 indicator on 5 minutes, i will be actively using news events to plan my trades a week loaded with learning first hand how to use news to plan your trades TOP LEFT price relative to 14 sma on different time frames so i know where the OVERALL trend is headed {image}
first example

i am expecting empire state manufacturing index to come better than forecast, so weekly pivot 740 should be a good area to short

2 conditions needed to reach 740

  1. price should remain above h1 14 sma
  2. price should remain above m5 100 sma

  • #3,642
  • Jun 16, 2024 9:32pm Jun 16, 2024 9:32pm
now this template looks complete, no need to bother about targets, i just need to plan a good trade
Attached Image (click to enlarge)
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  • #3,643
  • Jun 16, 2024 11:41pm Jun 16, 2024 11:41pm
Quoting PatienceFx
now this template looks complete, no need to bother about targets, i just need to plan a good trade {image}
the best thing about this template

AND

the fact that it is on 5 minute time frame

is that ANY news fluctuation in price will be instantly caught

so no trade will be missed
  • #3,644
  • Jun 16, 2024 11:44pm Jun 16, 2024 11:44pm
Quoting PatienceFx
{quote} the best thing about this template AND the fact that it is on 5 minute time frame is that ANY news fluctuation in price will be instantly caught so no trade will be missed
example
Attached Image (click to enlarge)
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  • #3,645
  • Jun 17, 2024 12:15am Jun 17, 2024 12:15am
Quoting PatienceFx
{quote} example {image}
and if my decision is wrong then the x candle stop protects me
Attached Image (click to enlarge)
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  • #3,646
  • Jun 17, 2024 4:11am Jun 17, 2024 4:11am
Quoting PatienceFx
{quote} first example i am expecting empire state manufacturing index to come better than forecast, so weekly pivot 740 should be a good area to short 2 conditions needed to reach 740 price should remain above h1 14 sma price should remain above m5 100 sma
I think your decision is good. How I interpret the data for the NY area released in May: on the background of lower prices in that area, manufacturing, the number of workers and the number of orders (requests) decreased, and the transportation index increased compensating for some of the loss (smart strategy) . Interestingly, the price index fell below the February level to align supply with demand.
Attached Image(s) (click to enlarge)
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  • #3,647
  • Jun 17, 2024 6:00am Jun 17, 2024 6:00am
Let's see
Attached Image (click to enlarge)
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  • #3,648
  • Jun 17, 2024 7:13am Jun 17, 2024 7:13am
Quoting Gelubrin
{quote} I think your decision is good. How I interpret the data for the NY area released in May: on the background of lower prices in that area, manufacturing, the number of workers and the number of orders (requests) decreased, and the transportation index increased compensating for some of the loss (smart strategy) . Interestingly, the price index fell below the February level to align supply with demand. {image} {image}
h4 macd to price divergence
  • #3,649
  • Jun 17, 2024 7:23am Jun 17, 2024 7:23am
if you are on windows then kindly download this indicator and share it here

https://www.mql5.com/en/market/produ...ource=External

thanks
  • #3,650
  • Jun 17, 2024 7:26am Jun 17, 2024 7:26am
Quoting PatienceFx
{quote} h4 macd to price divergence
H4 is bullish.
If the news about the usd exceeds expectations, the price will go down and resume its growth because tomorrow's forecasts about the euro are optimistic.
  • #3,651
  • Jun 17, 2024 7:35am Jun 17, 2024 7:35am
Quoting PatienceFx
{quote} first example i am expecting empire state manufacturing index to come better than forecast, so weekly pivot 740 should be a good area to short 2 conditions needed to reach 740 price should remain above h1 14 sma price should remain above m5 100 sma
exactly as i forecast about the news
Attached Image (click to enlarge)
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  • #3,652
  • Edited 7:50am Jun 17, 2024 7:37am | Edited 7:50am
[quote=PatienceFx;14903502] if you are on windows then kindly download this indicator and share it here



https://www.mql5.com/en/market/produ...ource=External


MacBook Apple- the same problem
Attached Image (click to enlarge)
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  • #3,653
  • Jun 17, 2024 7:39am Jun 17, 2024 7:39am
Quoting Gelubrin
{quote} https://www.mql5.com/en/market/produ...ource=External
yes but on linux i am not able to download
Attached Image (click to enlarge)
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  • #3,654
  • Jun 17, 2024 8:13am Jun 17, 2024 8:13am
[quote=Gelubrin;14903518]
Quoting PatienceFx
if you are on windows then kindly download this indicator and share it here https://www.mql5.com/en/market/produ...ource=External MacBook Apple- the same problem {image}
i forgot i had my own PERSONAL macd divergence indicator

trick already shared in this thread
Attached Image (click to enlarge)
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  • #3,655
  • Jun 17, 2024 8:43am Jun 17, 2024 8:43am
Quoting PatienceFx
if you are on windows then kindly download this indicator and share it here https://www.mql5.com/en/market/produ...ource=External thanks
Here it is:
Attached File(s)
File Type: ex4 MACD Divergence Indicator MT4.ex4   51 KB | 159 downloads


And sorry for being late.
  • #3,656
  • Jun 17, 2024 9:25pm Jun 17, 2024 9:25pm
question for gelubrin

what has this chart got anything to do with PREDICTING eurusd DIRECTION for the day
Attached Image (click to enlarge)
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  • #3,657
  • Jun 18, 2024 12:21am Jun 18, 2024 12:21am
Quoting PatienceFx
question for gelubrin what has this chart got anything to do with PREDICTING eurusd DIRECTION for the day {image}
How I understand the USA Bonds and USD relationship:

Bonds show us the strength of an economy, traders' confidence in the respective currency and the estimation of its evolution in the short, medium and long term. It also represents a loan offer launched by the state to those interested in keeping their savings safe from the depreciation caused by the fluctuation of the bank interest rate and at the same time obtaining a profit established from the beginning in a fixed percentage. Basically, if someone wants to save $1k, the most profitable is to buy bonds when the interest rate is high. Then the yield of bonds is high and remains so during the period of holding that bond, even if the interest rates offered by banks decrease for bank deposits. The graph posted by you shows us a decrease in the purchase of Bobds and at the same time the decrease in the strength of the usd. Implicitly, it shows a slowdown in the US economy, that is, a general decrease in the demand for goods and services. The slowdown is manifested worldwide if we look, for example, at the evolution of the price of copper in the attached graph. I compared 2Y Bonds with NFP and inflation because they are correlated. It is also correlated with the bearish state of SP500 on W1.
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  • #3,658
  • Jun 18, 2024 2:03am Jun 18, 2024 2:03am
This was the moment when it was known that the financial power of the usd had reached the maximum the economy currently supports. The red point on the graph confirmed the maximum reached and the decline followed shortly. What happened to EURUSD - on D1, starting with April 16?
Attached Image (click to enlarge)
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  • #3,659
  • Jun 18, 2024 2:10am Jun 18, 2024 2:10am
Quoting PatienceFx
question for gelubrin what has this chart got anything to do with PREDICTING eurusd DIRECTION for the day {image}
Now, strictly to the point of your question, the USD is appreciating, so today's USD data will be bullish. The trend confirms the predictions.

I put a chart of Bond 5Y because I don't have Bond 2Y on this platform
Attached Image (click to enlarge)
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  • #3,660
  • Jun 18, 2024 4:59am Jun 18, 2024 4:59am
Quoting Gelubrin
{quote} Now, strictly to the point of your question, the USD is appreciating, so today's USD data will be bullish. The trend confirms the predictions. I put a chart of Bond 5Y because I don't have Bond 2Y on this platform {image}
Use tradingview app

The difference between us02y and us10y is called spread and it has a deep meaning

What is it
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