How other traders are in the pie

Be advised with Economic Data guide and Forex Glossary

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FOREX Focus on Elliott waves

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Other Resources

ECONOMIC EVENTS

DAILY SUPP-RESIST & PIVOT

    1) While rates are below both the ATS and TRG levels the trend is considered Bearish.

    2) While rates are above both the ATS and TRG levels the trend is considered Bullish.

    3) Rates trading in between the ATS and TRG levels are considered neutral.

    4) Rates above MTL Level is Bullish.

    5) Rates below MTL level is Bearish

    1) TRG level crosses above the ATS is Bullish.

    2) TRG level crosses below the ATS is Bearish.

    3) TRG level crosses above the MTL is Bullish.

    4) TRG level crosses below the MTL is Bearis

Dark Blue price bars indicate the current intra-day trend is Bullish (Up).

Dark Grey price bars indicate the current intra-day trend is Neutral (Sideways)

Dark Red price bars indicate the current intra-day trend is Bearish (Down)

The price bars will change colour first in fast moving markets, this is the first clue that a new trend may be underway, use the previous support and resistance levels as entry points for trades.

ATS Trend Index - Red Line

ATS Signal Line - Black Dashed line

Trading Signals

    1) ATS Trend Index crosses above the signal line is Bullish

    2) ATS Trend Index crosses below the signal line is Bearish

    3) ATS Trend Index crosses above the '0' Line is Bullish

    4) ATS Trend Index crosses below the '0' Line is  Bearish

Watch for divergences between rate and indicator.

Important! The signals are not buy and sell points. Signals should only be traded once the current price bar has closed, this is on each hour and 30 Mins past each hour for 30 Mins charts and every 15 Mins from the start of each hour for the 15 Mins chart

When a Bull Signal appears a trade should be entered on the next dip or on a breakout of the current price trend, when a Bear Signal appears a trade should be entered on the next rally or a breakout of the trend, this helps to filter out sideways whipsawing rates and false signals.  Bollinger Bands and the Slow Stochastic Oscillator are useful for entry and exit points.

Please note that during sideways and consolidating markets this signal should be used only during breakout situations, until then it is better  to use range trading strategy's.