Three Basic Indicator, October 13, 2012

No robot capable of performing better than the human analysis. No ad robots are able to see the chart better than humans. For that refrain from using EA, whatever it is, because we are creatures of learners. Set a strategy, learn, drink deeply, understand and confident in the system. While the indicator chart, we-are an invaluable tool in analyzing human. To that end, here I try to give some links to download some indicators that can help in the analysis. LEARN FOREX instead of robot.

1. Set Fibo Price
    This indicator puts Prices at Fibo lines. Draw your fibo's on chart and then put this indicator, you will see prices at fibo levels. The indicator Set_Fibo_Price_Any takes the value of the level automatically from the fibonacci levels and then convert to text.
    [download]

 2. StochDivergen
    Indicator determines the divergence in the chart, clearly giving signals to buy or sell.

    [download]

3. Candle Stick Names
    This indicator helps us by provide the name of the candle formed.
    [download]


This is three standard indicators commonly used and did not make the chart becomes dirty, hehehe. However, one important thing that we should never forget, that the indicator follows the price, not the price who follow the indicator. The final decision is in us as human beings, the indicator just easier to read what has and is being occurred.
"No one is able to predict where prices will move, our job is simply to anticipate the price movement."

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GBP/USD going to have a bear party, October 12

GBP/USD going to have a bear party. This pair has slowly been making its way back up to the Fib zone after bottoming out around 1.6000. That being said, it's a prime candidate for a potential turning point. But if you're not quite ready to join the bears, you can also opt to wait until price rises a bit higher and tests the falling trend line on the 4-hour chart.

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GBPUSD consider buying on the right candle, October 10

The GBP/USD pair fell precipitously during the session on Tuesday as the “risk off” fell apart. The pair closed the session at the 1.60 level, but also closed the very bottom of the candle. This has is somewhat concerned, as this is a significant support level, but this pair is showing very significant weakness suddenly.

This may be predicated upon the fears of global growth, and the fact that in these particular types of circumstances the US dollar tends to be favored. The 1.60 level looks to be very important at this point time, but we think if it gives way the market will certainly search for the 1.58 level. This was the top of the ascending triangle over the course of the summer that cause this market the search much higher. Now we have to ask whether or not the 1.63 level was essentially the top. With all of the concerns out there, that very well could be the case although we are in theory very bullish of the British pound in general.

If we managed to get below the 1.58 level, we will start to test a serious support and at that point time we would have to consider buying again if we get the right candle. However, if this is predicated upon some type of area negative headlines, we could see continuation much lower prices before we know it.

With earnings season starting on Tuesday, it’s possible that the risk appetite will wane in the United States, which of course would have it falling apart in the rest of the world as well. The Bank of England continues to hold still on its monetary policy, in this in theory should be good for the British pound. However, the US dollar is probably getting a bit despite the actions of the Federal Reserve, which of course wants to expand quantitative easing. Going forward, we think this pair is at a bit of a sea change, and as a result we need to pay serious attention to. Short-term, we think if we can break below the lows from the Tuesday session, 1.58 is a pretty tempting target.

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