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Rekon Xs and Market Scanner for Spot and Binary Options 442 replies

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Multi Time Frame Analysis for Spot and Binary Options

  • #141
  • Apr 11, 2014 11:28am Apr 11, 2014 11:28am
Quoting Emmpoli
{quote} which of the pivot point should i pay attention to taking this attachment into consideration. {image} {image}
There are multiple unnecessary Add-On with your browser, please disable them they slow down the IE and scan result.
  • #142
  • Apr 11, 2014 12:42pm Apr 11, 2014 12:42pm
Quoting rekon67
Pair: E/G Volatility: High - Means able to create a new High or Low R1,R2,R3 : 8302 to 8312 Price Cluster: Yes ( There will be a Price series in multi time frames in 5 to 10 pips range - Current Price tends to react on this price series, we call it cluster )
sorry if i'm asking some silly question, i'm just tryna learn. what should i be looking for at this levels R1,R2,R3: 8302 to 8312, should i be looking for a put or call?
  • #143
  • Apr 11, 2014 12:53pm Apr 11, 2014 12:53pm
Quoting Emmpoli
{quote} sorry if i'm asking some silly question, i'm just tryna learn. what should i be looking for at this levels R1,R2,R3: 8302 to 8312, should i be looking for a put or call?
nothing.

A. Trend
B. Volatility
C. Decider Group

You take a trade direction.

Where to enter and exit?
You see Fib levels.

S3 level is best for buy
R3 level is best for sale.

How price series, Price Zone (R1.R2.R3 or S1.S2.S3), Price cluster works, to understand this you need to keep monitoring for at least one month.
  • #144
  • Apr 11, 2014 1:00pm Apr 11, 2014 1:00pm
Quoting Emmpoli
{quote} sorry if i'm asking some silly question, i'm just tryna learn. what should i be looking for at this levels R1,R2,R3: 8302 to 8312, should i be looking for a put or call?
Where is Eur Gbp now? What happend to the pair after you posted the screenshot? Analyse it.
  • #145
  • Apr 12, 2014 6:54am Apr 12, 2014 6:54am
V 1.05 is almost done! We will be having an option to run Price Action based Report. So, this I call the "Hot List". Before starting the trading session we need to have this report and our trade direction will be based on this report. We have this report for multiple time frames and categories are "Low", "Medium" and "High". We can take the "Medium" and "High" category of price actions in consideration.

Attached Image (click to enlarge)
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Attached File(s)
File Type: zip MarketScanner_HotList.zip   3 KB | 406 downloads
  • #146
  • Apr 12, 2014 7:13am Apr 12, 2014 7:13am
This one is the Stocks report, a bit lengthy

Attached Image (click to enlarge)
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Attached File(s)
File Type: zip MarketScanner_HotList.zip   3 KB | 451 downloads
  • #147
  • Apr 12, 2014 7:23am Apr 12, 2014 7:23am
I think we are good to roll out the V 1.05. This version will reach to the regular users and couple of my buddies by tomorrow. Free copies will be deactivated by next week.
  • #148
  • Apr 12, 2014 7:32am Apr 12, 2014 7:32am
So lets have a look at the V1.05. Only update we have the "Hot List" button.

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  • #149
  • Apr 12, 2014 7:36am Apr 12, 2014 7:36am
All you need to do is, before beginning of the session follow the 1,2 and 3. That is, select the appropriate instrument, check the available instruments section and click on the "Prepare Hot list" button.

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  • #150
  • Apr 12, 2014 7:53am Apr 12, 2014 7:53am
In all, when we trade we will have all these informations with us.

A. Trade direction based on Price Action
B. Entry and Exit based on MTFA
C. Counter trade based on MTFA

Attached Image (click to enlarge)
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  • #151
  • Edited 8:18am Apr 12, 2014 8:06am | Edited 8:18am
Here is a sample Report for Forex. Note the attachment is now updated.

Attached File(s)
File Type: zip Report.zip   16 KB | 362 downloads
  • #152
  • Apr 13, 2014 12:21am Apr 13, 2014 12:21am
Heads Up: Market Scanner V 2.00

I don't think we have anything left with V 1.00 series. I wanted to incorporate a complete view of all well recognised technicals in a compact and simple view and the mission is now accomplished with v 1.05.

I have sent out the latest version to all prospect joiners of MTFA group.

Now, the only challenge is left to eliminate Microsoft dependencies from this project. So that users do not need to buy the MS Office to run "Market Scanner" Application.

I have started a parallel development using Open Office which is free, but I guess this will take atleast a month's time to review whether I able to mirror the same things in Open Office or not.

So, hopefully in V 2.00 we will see the "Open Source" concept coming in Market Scanner Application and an easy installation and execution for the end users.

That's all now, do participate in MTFA. Thanks.
  • #153
  • Apr 13, 2014 2:07am Apr 13, 2014 2:07am
Rekon, it's been a while. Is this the developement of the correlation you talked about back in 2012? Have you fired the boss?
  • #154
  • Apr 13, 2014 2:17am Apr 13, 2014 2:17am
Quoting Ken A
Rekon, it's been a while. Is this the development of the correlation you talked about back in 2012? Have you fired the boss?
Wow Ken!

Amazing!!

Yes, I have been conceptualizing this from a long time. I am happy with the progress so far, the design of this App was a challenge but things are getting a good shape with time.

I am still working in MNCs so still have the dream of being independent in near future.

Nice to see you here
  • #155
  • Apr 13, 2014 2:33am Apr 13, 2014 2:33am
Glad that you have all the bases covered. I didn't even know you started a thread. I was browsing around the news section then to trading discussion. I am in a car now with virtual keypads can't type a lot will check back from time to time or shoot me a PM if you want
  • #156
  • Apr 13, 2014 2:59am Apr 13, 2014 2:59am
Quoting Ken A
Glad that you have all the bases covered. I didn't even know you started a thread. I was browsing around the news section then to trading discussion. I am in a car now with virtual keypads can't type a lot will check back from time to time or shoot me a PM if you want
Sure thing. Safe drive
  • #157
  • Apr 14, 2014 10:20am Apr 14, 2014 10:20am
So, here is the interesting thing that in the "Hot-List" we can see most of the major GBP pairs are in buy.. next is we need to do MTFA for these GBP pairs.

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  • #158
  • Apr 14, 2014 10:32am Apr 14, 2014 10:32am
2nd is identifying the best tradable pair from the Hot list. I see G/U has the potential for an entry.

A. Volatility
B. Price cluster. This price cluster works as a resistance and if a new high is created then it becomes support.

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  • #159
  • Apr 14, 2014 10:36am Apr 14, 2014 10:36am
I will go with a sell option for G/U @ 1.6750 as I think the volatility will help it to rise further but a long term approach for this will be sell because the trend is mixed with sell signals.
  • #160
  • Apr 14, 2014 11:15am Apr 14, 2014 11:15am
Now, for binary it seems E/U is on a light support at the moment and best odd is it will touch the R1 levels to attract more sellers, it might go sideways up till tomorrow UK open.

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