Multi Time Frame Analysis for Spot and Binary Options

Excellent data for usd, this should drag G/U down.

6 hours left, I can see the support is tested, USD has strength but still a 20 pips drop is required, its a bad trade executed on tested support level.

Good morning all. A little suggestion to help fellow market scanner users. it takes longer time to scan about 5 pairs, but if you scan them individually, it will take only a minute or two to scan. So you can scan 5 pairs individually under 10 minutes. Hope this helps someone out there.

So I lost the contract. Total 8 wins at a row and 1 loss. In my next post I will be writing the guidelines of Touch Option. I am sure it has potential and can be further explored.

Worth to mention, in binary.com if I choose a contract for 1 Day it means 24 hours + the remaining hours of the day. This particular contract expired on 33rd hour after opening and my bad luck is price touched the point on 34 th hour

Touch Option

Touch Option Broker:

Binary.com

Touch Option Instruments:

AUD JPY
AUD USD
EUR GBP
EUR JPY
EUR USD
GBP JPY
GBP USD
NZD USD
USD CAD
USD JPY

Win Rate:
NZD USD 100%
GBP USD 50%
EUR USD 100%
EUR GBP 100%

Expiry Time:
24 Hours to 47 Hours

Point target for Touch:

Maximum 10 Points

Stake Amount:

Minimum USD 200

Profit Target:

USD 15 to USD 25 per Stake


Do's and Don'ts

1. Buy at Support 3, Sell at Resistance 3
2. Look out for Price Cluster and measure the distance between S/R levels and Price cluster, if the gap is greater than 10 pips then execute the trade.
A. Price near price cluster: Sale
B. Price near R3: Sale
C. Price near S3: Buy
3. MTFA: Price restricted by price cluster tends to come back higher timeframe support level. Sell at cluster, buy at support.
4. Volatility: Select the instrument which has volatility.
5. Price Action: Optional, just be sure that you are not going against it, if you are doing counter then make sure you are doing a proper MTFA.

I am adding price action in the dashboard. This will also be in multiple timeframes. I think this view will be final for this series.

This is showing bullish signs of Price Actions in different time frames.

Bullish and Bearish price action filter view should work as the final decision for us before taking the trade.

Trade Helper v 1.00

I am planning for a similar MTFA application but this will have only 10 Forex Majors. The dashboard will be similar but a lot faster. I will be applying a different technique here for pull and push of the data.

The regular users of MTFA will be receiving this copy as soon as the development is finished. This will be another MS Excel Add-Ins.

Rek, I tried it on the notebook and seems the resources are not good enough for the scanner. I will try it on desktop when back to my station. Still no access to terminal and on travelling.

One question: Which standard used to calculate Pivot and S/R

http://www.actionforex.com/markets/p...2010040952149/

 

1. Standard Pivots
2. Fibonacci Pivots
3. Camarilla Pivots
4. Woodie's Pivots
5. DeMark's Pivots

Standard Pivot Points
R3 = H + 2( Pivot - L
R2 = Pivot + ( H - L )
R1 = ( 2 x Pivot ) - L
Pivot = ( H + L + C ) / 3
S1 = ( 2 x Pivot ) - H
S2 = Pivot - ( H - L )
S3 = L - 2( H - Pivot )

Fibonacci's Pivot Points
R3 = Pivot + 1.000 * (H - L)
R2 = Pivot + 0.618 * (H - L)
R1 = Pivot + 0.382 * (H - L)
Pivot = ( H + L + C ) / 3
S1 = Pivot - 0.382 * (H - L)
S2 = Pivot - 0.618 * (H - L)
S3 = Pivot - 1.000 * (H - L)

Camarilla Pivot Points
R4 = C + (H - L) * 1.1/2
R3 = C + (H - L) * 1.1/4
R2 = C + (H - L) * 1.1/6
R1 = C + (H - L) * 1.1/12
Pivot = ( H + L + C ) / 3
S1 = C - (H - L) * 1.1/12
S2 = C - (H - L) * 1.1/6
S3 = C - (H - L) * 1.1/4
S3 = C - (H - L) * 1.1/2

Woodie's Pivot Points
R2 = Pivot + ( H - L )
R1 = ( 2 x Pivot ) - L
Pivot = ( H + L + 2 x C ) / 4
S1 = ( 2 x Pivot ) - H
S2 = Pivot - ( H - L )

Demark Pivot Points
If Close < Open Then x = H + 2 x L + C;
If Close > Open Then x = 2 x H + L + C;
If Close = Open Then x = H + L + 2 x C;
R1 = x / 2 - L
S1 = x / 2 - H

This is Fibonacci pivot and S/R. Once you start noticing the points on multiple timeframes you will be able to observe the price reactions on these points, further you can tally them with MT4 terminal.

Also try noticing the price cluster which essentially turns into a resistance and price got a cap there.

Stocks market sample view, In original hotlist I can see majority of stocks are bullish this will eventually down the currency market and I am waiting long for this sell-off on E/U, G/U and A/U.

V 1.06 of MTFA-Market Scanner App will only reach out to the regular users and I will be deactivating a large chunk of copies by tomorrow. In case you still want to participate in MTFA you need to reply back on my email.

Thanks.

Fx_Trade_Helper_v_1.00

I successfully able to mirror all the functionalities in this App. There will be almost no manual intervention for this App. This will automatically refresh data in 10 minutes interval for 10 Forex majors and display in dashboard.

Fitting all these 10 instruments in the screen is still challenging, but we will have scrollbars to view the list from top to bottom.

Idea is to have a faster dashboard screen on the monitor which should be capable of refreshing data for 10 forex majors at a time and perform MTFA a lot faster.

For binary Touch option this will be handy.

Instead of displaying all 10 majors application is going to automatically rank the best 3 instruments out of 10 and display them on the dashboard. The criteria will be based on "Touch Option".