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2021-04-15 15:38:09 Stochastic is an auxiliary indicator in trend strategies. It is used for confirming a signal and detecting a trend reversal moment. It most often produces signals when leaving the overbought/oversold zones. It's them that we will use in our strategy.
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Input data:
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Currency pairs: any
Time frame: M5
Indicators: МА(4), МА(8). Stochastic - (5,3,3).
Since scalping is a high-frequency trading strategy, set the level at 60/40 instead of the default ones.
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Conditions for opening a long trade:
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Fast red МА(4) crosses slow blue МА(8) from below.
Stochastic's main line crosses level 40 from below.
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Conditions for opening a short trade:
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Fast red МА(4) crosses slow blue МА(8) from above.
Stochastic's main line crosses level 60 from above.
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Open a trade on a candlestick that observes both conditions. If the gap between the two conditions equals one candlestick, you can open a trade, but such a signal is considered as lagging. Don't open positions if the gap between the two conditions is two or more candlesticks or if MAs converge and then diverge instead of crossing each other.
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Both conditions are observed in point 1, but MAs intertwine before crossing. The intertwinement can point to a flat movement that precedes a strong trend or a high volatility area where neither party prevails.
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In the first case, you can and should earn when a flat movement ends, but the second example points to an uncertain market in which you'd better not open a trade. There started a directed trend movement in point 1, so opening a trade yielded a profit. You can see examples where the intertwinement of MAs was a false signal on the screenshot below.
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In points 2 and 3, there were clear operational signals. The difference is that point 2 caught a short-term trend while point 3 - a strong impulse that was one candlestick long. The essence of scalping is exactly in catching such short-term impulses.
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Read our review Stochastic Oscillator: Guide for Using Indicator in Forex Trading for more details on this indicator: http://amp.gs/6TV2 Open / Comment

2021-04-15 15:38:09 Open / Comment

2021-04-15 15:26:56 Pound is rising again. Forecast as of 15.04.2021

The UK's fight against COVID-19 deserves credit. The country is on the verge of achieving herd immunity, which cannot but please pound buyers. What are the prospects for GBPUSD? Let us discuss the Forex outlook and make up a trading plan

Weekly pound fundamental forecast

At the end of 2020, many wondered why the pound price was growing, as there were no reasons for a successful conclusion of the Brexit negotiations? In early 2021, investors were confused after GBPUSD rallies amid the UK economy's worst performance in three centuries. Finally, in the first half of April, the GBPUSD rally also raises many questions.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6Tgr Open / Comment

2021-04-15 11:15:29 Short-term analysis for oil, gold, and EURUSD for 15.04.2021

I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

Yesterday, the EURUSD bulls broke out the Gold Zone 1.1952 - 1.1944.



Oil price forecast for today: USCrude analysis

Yesterday, the short-term oil trend reversed up by breaking out the Intermediary Zone 60.45 - 60.20. As a result, the Target Zone 63.26 - 62.75 was reached.

Traders are now trying to break out the Target Zone. If successful, the next growth target will be... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/68Na Open / Comment

2021-04-15 10:18:52 Euro will do the job by proxy. Forecast as of 15.04.2021

If everything is bad in Europe, and the US situation is much better, why the EURUSD is rising in price? If the financial markets feature the same response to the US strong retail sales data as they did after the US jobs report, the euro could well grow higher. Let us discuss the Forex outlook and make up a trading plan.

Fundamental euro forecast today

The idea to buy the euro amid the potential acceleration of vaccinations and the euro area's economic recovery due to US and Chinese imports looks good. However, the EU governments must make an effort to... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/68hD Open / Comment

2021-04-15 09:18:11 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.04.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Bitcoin and Ripple should soon be developing final impulse waves in the downward zigzags.



Elliott wave Bitcoin analysis



At the most recent chart section of the BTCUSD pair, there is forming the middle part of the ending diagonal. There has recently completed the upward zigzag-shaped wave [3]. There must be forming the corrective wave [4] as a zigzag (A)-(B)-(C). Impulse (A) and correction (B), opposite the impulse, must have finished. Therefore, the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/68nT Open / Comment

2021-04-14 17:19:02 Have time to watch yesterday's video! There is a lot of useful information

Soon the information will be closed



Open / Comment

2021-04-14 15:27:15 Canadian dollar trying to catch up with greenback. Forecast as of 14.04.2021

Leaders don't just become leaders. The Canadian dollar has many advantages, and if it manages to use them correctly, the USDCAD downtrend will be able to recover quickly. Let us discuss the Forex outlook and make up a trading plan

Fundamental Canadian dollar forecast for six months

Strong demand for Canada's rich natural resources, attractive local bond yields, and proximity to the US economy, which will help recover positions of the Canadian export market, made the Loonie one of the race leaders for the title of the best-performing G10 currency in 2021. Unlike the greenback, whose positions will be very volatile this year, the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6ISc Open / Comment

2021-04-14 12:33:05 Let's talk a little about the psychology of a trader? Michael tells an interesting life hack in a new video!

Free education: http://my.liteforex.com/ Open / Comment

2021-04-14 11:06:53 Short-term analysis for oil, gold, and EURUSD for 14.04.2021

I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.

The trade recommendation to buy the euro has worked out well.



Oil price forecast for today: USCrude analysis

Oil traders are breaking out the key resistance of the short-term downtrend 60.45 - 60.20. Closing the price at the US trading session above the zone will confirm the trend reversal and set a buy target in the upper Target Zone 63.26 - 62.75.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cbuY Open / Comment