Author: rcanessa - Page 29

Time is also relative for markets

The use of moving averages that take time in the form of days, hours, minutes and other time frames as a unit, is an arbitrary construction that can also have risks. Is there another way to calculate moving averages without having to depend on the passage of time? This article will explain an original and more effective way. The time … Read more

Price Reversal Trading System with ZigZag and RSI Indicators

by rcanessa

The trading system that we are going to present below is a market reversal strategy that uses several modified technical indicators developed for the Metatrader 4 platform. Due to this, this system can only be used on this trading platform. This methodology can be used to trade in most markets, including Forex.

This strategy aims to identify the areas in which the price is likely to change its trend. The modified indicators are based on the well-known Parabolic SAR and Zigzag and a modified moving average is known as the VAR Moving Average, which is used to indicate whether the trend of an asset is reversing. As a filter, we use the RSI indicator.

Because it is a trading system based solely on technical indicators, it has mechanical entry and exit rules and it is quite simple to apply. Therefore, it does not require much interpretation.

As always, it is recommended to test this reversal trading system with a demo account before using it to trade with real money.

Tom DeMark TD Sequential Trading Methodology

by rcanessa

The sequential methodology of Tom DeMark or TD Sequential is a well-known indicator among traders that operate based on the techniques of this author, which has become known in recent years. In fact, this indicator is a mixture of a bit of everything, so it will be liked by both systematic traders and lovers of technical analysis, including those who like wave counts.

To calculate the TD Sequential, three phases are required:

ZUP Harmonic Pattern Indicator for MT4

by rcanessa

In this article, we will present a modified indicator for Metatrader 4 designed to show harmonic price patterns in any price chart and in any time frame. It is not an official MT4 indicator.

Harmonic price patterns elevate geometric price formations to the next level through the use of Fibonacci numbers to define precise market inflection points. Unlike other trading methods used to trade in Forex and other markets, harmonic trading attempts to predict future price movements.

Harmonic trading can be defined as a trading methodology based on the recognition of specific price patterns and the alignment of exact Fibonacci ratios to find possible high probability trend change levels in the markets. This approach assumes that the patterns or cycles in markets, such as many patterns and cycles in life, tend to be repeated on a regular basis.

What is a limit order in Forex trading?

by rcanessa

What a limit order?

A limit order can be defined as a trading order given to the broker or dealer to buy or sell an asset at the specified price or better.

As a limit order is executed only at the specified price or better, a limit buy order will be executed only at the specified price or at a lower price, while a limit sell order will be executed only at the specified price or at a higher price. In both cases, a limit order is only executed if the market price reaches the limit price (price specified in the limit order) or passes it, which means that a limit buy order is accepted only if the limit price is less than the current market price and will be executed if the price falls to the limit price or to a lower price. A limit sell order will be accepted only if the specified limit price is higher than the current market price and will be executed only if the market price goes up to that limit price or up to a higher price.

XTB Opinions – Is XTB a reliable broker?

by rcanessa

The opinions and comments that can be seen in Internet forums and communities have become a good instrument to value any product or service. The world of online trading is no stranger to this.

One of the most important factors when trading is choosing a reliable broker that offers good service and where our money is safe. In this article, we will analyze in-depth the opinions of clients of the broker XTB, one of the main Forex and CFD brokers worldwide.

All the data you can see in this article is based on our own experience and the collection of positive and negative opinions of XTB users that we have found in various investment forums, blogs, and specialized websites.

The ConnorsRSI Indicator – Calculation and Strategy

by rcanessa

Before analyzing this technical tool in detail, I have to clarify that this indicator developed by Larry Connors is not exactly the same as that used in the RSI2 strategy (a simple 2-period RSI), although the strategy that we will see throughout the article has some similarity, although with some additional twist. But let’s not entertain ourselves, let’s start with the preliminaries: what is the ConnorsRSI?

The ConnorsRSI Formula

The ConnorsRSI indicator formula consists of 3 elements:

1-) An RSI of 3 periods, in order to measure the momentum of the price in the short term.

ICMarkets Tutorial – How to open an account and deposit funds?

by rcanessa

Summary: Tutorial for beginners of the Forex and CFD broker ICMarkets of Australia, where we explain how to open a trading account and deposit funds with this company. ICMarkets is one of the best brokers to trade in Forex through different trading platforms and is currently one of the brokers that offer the lowest spreads and commissions to its clients. … Read more

Reversal trading system based on Keltner channels and Bollinger Bands

by rcanessa

The trading system that we will explain below is based solely on two indicators, the Keltner channels, and the Bollinger Bands, which are actually quite similar. It is a price reversal system that tries to find the price inversion points.

Therefore, it works best in range markets where extreme value readings of indicators such as Bollinger Bands produce more reliable results. In trending markets where it is more difficult to predict maximum or minimum extreme values, their signals have less reliability.

Since this system uses two well-known and commonly used indicators found in any technical analysis package, it can be used in any trading platform.

HF Markets Tutorial for Beginners – Accounts and Spreads

by rcanessa

Full tutorial on the HF Markets broker, learn how to use the HFM online broker, here you will find all the information to start trading in seconds.

Today we are going to talk about one of the best-known online brokers to trade mostly in Forex where we can find some of the most competitive spreads in the market, in addition to an effective, fast, and most important FREE support in multiple languages. In HF Markets we will be able to contact an agent to ask and answer any questions.

HF Markets (formerly known as HotForex) has several subsidiary companies located in different countries, which allows it to provide services to customers around the world. For example, there is HF Markets SA (PTY) located in South Africa, HF Markets (SV) Ltd located in Saint Vincent and the Grenadines, and HF Markets Ltd located in the Republic of Mauritius. In Europe, it is listed as HF Markets (Europe) Ltd. which responds to the following identification number 277582 and, like most of the online brokers operating within Europe, it is located in Cyprus exactly in the city of Larnaca.

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