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Parabolic Zig Zag

Parabolic Zig Zag is a VTL Client Side Indicator. It is another Zig Zag indicator using Parabolic Stop and Reverse Indicator for identification of swing highs and swing lows. The indicator plots the zig zag line and Fibonacci retracement levels for the last two swing points. This is useful in identifying targets and entry levels on retracement trades. The last four swing levels are also marked in the chart. Zig Zag indicator is used in identification of chart patterns and trades based on Fibonacci levels. In the image attached a Double Top pattern is easily identified with the Parabolic Zig Zag. The Fibonacci levels for the last swing can be used as target levels for this trade.

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Daily Market Review 09/26/2012

A binary option trading is focused on down movements on Wednesday. Markets are going down from the opening of the Asian session. There aren’t so important economic events today that could effect on the direction of the markets. For the European economy the most important event for today is auction for the German ten year bonds. Binary options trades should be careful with the data for New Home Sales for August in United States. Economists predict that the economic indicator will rise to 381K from 372K for July. Another basic indicator that is scheduled for announcement today is the Crude Oil Inventories. Its shows change in the number of barrels of crude oil held in inventory by commercial firms during the past week and analyst expect that number will fall to 1.7M from 8.5M.

Daily Market Review 24/08/2012

Today’s in Asian session all majors’ currency pairs are trading in choppy range around levels from Yesterday. Binary options on EUR/USD are moving slowly higher after yesterday’s meeting between German Chancellor Angela Merkel and French President Francois Hollande. Both politicians made clear that it is first and foremost up to Greece to satisfy its creditors. Their fears are coming from the demand of the Greek Prime Minister Antonius Samaras for more time to fix his country’s weakened economy and public finances. Other European currency pair doesn’t make such a big movements and U.K. Pound close the day at 1.5857 against the dollar. Swiss Franc is continuing its bullish trend and earlier this morning is traded around 0.9565 against the US dollar.

can u please tell me how to over come a situation like This?

Forex Trading Question

I Would like to share with you guys one of the questions i received in regards to a forex trade.
Forex Pair: Usd Jpy
http://www.asiaforexmentor.com/webpages/usd.gif

Question:
can u please tell me how to over come a situation like (See Chart above).. its
really looking a great pin but it didn’t triggered, and it is also with trend.. the trade
reached the stop loss and now its again returning to normal. can u please tell me to how
to understand a situation like that?
Answer:

http://www.asiaforexmentor.com/webpages/usd1.gif

Price is making a higher lows and higher highs as highlighted by the red circles.
It means the trend is changing and is possibly heading up.
So what happens now is that, you are not trading with the trend but against it.

Euro hits session lows vs dollar after U.S. data

The euro hit session lows against the dollar on Thursday after a data showing U.S. existing-home sales fell last month and an index of business conditions in the U.S. mid-Atlantic region registered a sharp contraction.

U.S. existing home sales fell 1.5 percent in May, compared with a consensus decline of 1.1. percent, while the Philadelphia Federal Reserve Bank's business index dropped to -16.6, compared with expectations for a reading of unchanged.

The euro fell to the day's lows of $1.2605 from $1.2627 just before the data. It was last at $1.2614, down 0.7 percent.

reuters

Price Action – Double Pin Bar

Price Action – Double Pin Bar
http://www.asiaforexmentor.com/webpages/usdcadpin.gif

Forex Trading : Usd Cad h4
One pin bar right after the after pin bar. This is in confluence with the 365 moving average.
If you missed the first pin bar, you should have seen the 2nd one.
Price is giving you a second chance to get into the move. It is already gearing up.
Bang! Off it went. How could we had missed it?
And if we looked further for more confirmation and confluence.
Lets look at the 1hr chart

http://www.asiaforexmentor.com/webpages/usdcadpin1.gif
Need we say more? Price is also meeting resistance at the 150 and the 200 moving average. This coincides with the same level of the 4hour 365 moving average.

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