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How to tell if the Bull/Bear trend is over, without an indicator

  • #101
  • Apr 21, 2017 1:39pm Apr 21, 2017 1:39pm
EURUSD 4Hr

Expect the market to bounce @ around FIB 76.4% before 100% RT on leg X and continue going up.
A form of failed reversal turning into a trend continuation or in other word leg X is just a form of a correction
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This is not investment/trading advise. Will not hold accountable for loss
  • #102
  • Apr 21, 2017 1:50pm Apr 21, 2017 1:50pm
Quoting yousername
EURUSD 4Hr Expect the market to bounce @ around FIB 76.4% before 100% RT on leg X and continue going up. A form of failed reversal turning into a trend continuation or in other word leg X is just a form of a correction {image}
If you drag the FIB from the bottom of bull's leg 1 to the top of bull's leg 2, you will see fib 61.8% is the same level as 76.4% of leg 2

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This is not investment/trading advise. Will not hold accountable for loss
  • #103
  • Apr 25, 2017 8:47pm Apr 25, 2017 8:47pm
AUDUSD Failure Bullish Reversal.
Expect the leg X got 100% retraced and we're seeing inside/outside/pin bars occurring near the bottom of Leg X.
Inside/Outside/Pin Bars near the bottom leg of X indicates a bearish trend continuation.

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This is not investment/trading advise. Will not hold accountable for loss
  • #104
  • May 14, 2017 11:10pm May 14, 2017 11:10pm
Subscribed.... thanks bro... salam kenal
  • #105
  • Jun 10, 2017 10:03pm Jun 10, 2017 10:03pm
Dear Yousername and the gurus ,
I happen to read this before with reference to Elliottwave
Rule : http://humbletraders.com/elliott-wave-theory/
Strategy : http://www.esignal.com/support/advan...anual_ch11.pdf

Strategy Reversal : Type II trade ( something like = after 5 wave, catch reversal wave 1)
Strategy Trend continuation: Type I trade ( catch wave 5 - reference to wave 5, with oscillator indicator become oversold (for long trade) )


Hi Yousername ( or any gurus),
I saw your profile , you are good at MT4. Could you help with this indicator by adding an Alert notification to Flag and pennant ?


https://www.forexfactory.com/showthr...39#post9813239





Thank you very much
Cheers
klkk
Attached File(s)
File Type: docx Flag.docx   332 KB | 339 downloads
File Type: mq4 01flag_and_pennant.mq4   38 KB | 375 downloads
  • #106
  • Sep 25, 2020 7:42pm Sep 25, 2020 7:42pm
Quoting yousername
For us who is lazy defining the BEAR/BULL leg. I programmed a zigzag indicator (no redraw). The zigzag is based on Stochastic. {file} In the indicator data window there are 2 variables 1. StochasticZigZag which indicates the price 2. Value2 indicates Oversold/Overbought of Stochastic (1 = OVERBOUGHT, -1 = OVERSOLD). Here is a simple example on 100% RT using the zigSto indicator {image}
hello you any update for this EA?
  • #107
  • Last Post: Sep 27, 2020 7:22pm Sep 27, 2020 7:22pm
Thank you very much for this tread and for your indicator! It's very helpful! What MA settings you using on your chart?
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