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![]() | submitted by TheRumpledOne to NeverLoseAgain [link] [comments] |
![]() | Forex Trading TTM scalper alert SystemsThe TTM Scalper Indicator for MT4 is a simple indicator that highlights the pivot high and low price points.When the price makes a pivot high or low, the TTM scalper draws a blue or yellow line. The signals from the TTM Scalper Indicator can be viewed in many different ways. The white Paint bar on the TTM Scalper Indicator denotes a "pivot high" or "pivot low." After three higher or lower closures, this is done. The confirmation will be faster if the time frame is lower. When you trade the market, the TTM Scalper Indicator measures the price action. You may also set alerts for the white bars in the Scalper Indicator. TTM Scalper Indicator Why will you use the TTM Scalper alert Indicator?The Scalper indicator forecasts a charted symbol's likely highs and lows. The indicator uses a "trigger bar" to define pivot highs and lows. The trigger bar is the first bar in which the low (or high) is higher (or lower) than the previous bar.The previous bar, which now becomes the swing low (or high) bar and the start of a new swing, is painted by the following bar that closes above the high of the trigger bar (or low for down signals). how to use the TTM scalper alert indicator in Forex Trading?Buy Trade or Long position:Wait for a Yellow line to appear on the TTM scalper at the trend's low end. Then, at the peak of the bar that the TTM indicator has plotted, you can place a pending long order. Check to see if the prior trend was downward.When to exit buy trade?When your trade reaches a 1:3 fixed risk-reward ratio, use the TTM Scalper Indicator to exit the long position.You can also simply use trailing stop loss till you're stopped out. when to go short trade or Sell trade?Wait for the price to move higher and make higher highs. You can place a pending short order around the low end of the price bar when you observe the TTM scalper charting a blue line.Exit your sell positionsUse the TTM Scalper Indicator to exit a sell trade when the risk-reward ratio hits a specified 1:3 ratio. Alternatively, you can simply utilize a trailing stop loss until you are stopped out.Where should the stop loss be placed?For both long and short positions, the initial stop loss should be set towards the low end of the bar that triggered the entry.Download indicator |
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![]() | According to the investor's complaint: submitted by FxGecko to FxGeckoAPP [link] [comments] The investor registered Hricai's MT4 account (1730063) on November 27, 2021, and uploaded his ID and bank card information. On November 29, 2021, the investor applied for a withdrawal and consulted customer service about the withdrawal time, which said it would be processed before 12:00 Monday to Friday. The next day at 13:45, the investor asked the customer service about the funds arrival time, and the customer service said that the withdrawal failed because the investor's account name and withdrawal information did not match. After the investor changed the information and resubmitted the withdrawal request, the funds still did not arrive. Now the investor's account is disabled and there are still 13,974.8 funds left in his account. More details: http://fxgecko.com/complaint/7299.html FxGecko has sent the complaint to Hricai but has not received a reply yet. The data on the FxGecko APP shows that Hricai has a rating of only 4.2 and is associated with several brokers that have run away and ceased operations. Other investors should beware of this broker. https://preview.redd.it/5w8vsi8xww281.png?width=844&format=png&auto=webp&s=d55dd38a285f077a3a0f6d3498937cac350c4f9b https://preview.redd.it/1qcofk8xww281.png?width=1216&format=png&auto=webp&s=94f44116cced66483c17aa346707f69e079bb7de https://preview.redd.it/9djqzv8xww281.png?width=1510&format=png&auto=webp&s=1e02e2109d4328f54469b0fd452c1f2c95e0f2e2 https://preview.redd.it/5acrln8xww281.png?width=581&format=png&auto=webp&s=d6ff6eac31a4ddada5810de27d672548c6db49fb FxGecko reminds you that forex scam is everywhere,you'd better check the broker's information and user reviews on FxGecko APP before investing. You can also expose Forex scams on FxGecko, FxGecko will do everything in its power to help you retrieve the loss. Welcome to join FxGeckoAPP community, where the latest broker information and complaints against brokers are posted daily. Attention regularly can help you effectively avoid encountering scams. |
![]() | Today almost all indicators and signal scripts have audio, popup and push alerts. But every time people ask to make a telegram notification for their scripts. submitted by Olatem to ADVERTISEMENT [link] [comments] Why should you use this tool instead of modifing the exact indicator or Expert Advisor? it's easy as never before - just attach to any chart and set your telegram channel name. No need to ask freelancer to add some code to your existing scripts - save up to $100 on every script As a result no additional payments - just buy once for any script you use with popup alerts. https://preview.redd.it/x3st3kvxo0j41.jpg?width=800&format=pjpg&auto=webp&s=7505296b6ef6cfd47c0b0b788f6e835ac880fd75 ____ Forget about late notifications. if you have telegram on the phone you get all notifications in time! ____ This is a digital product. You can download it as soon as we see payment on eBay. In download package you will get indicator file, template and text file with short instructions. As usually we always support our clients. Any questions or if you will need some adjustments we always ready to help. Be sure to get answers to all your questions. Please give us great feedback as it helps to make even better things for trading. Trade well! Specifications: Platform: MetaTrader4 Currency Pairs: All symbols Trading time: All sessions Timeframe: Any ____________ Check up item specifics and item price - Affordable and cheap to use - https://www.ebay.com/itm/323744693963?ul_noapp=true |
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![]() | MT5 Binary options signal Indicator with Sound Alert submitted by PAT-for-BO to u/PAT-for-BO [link] [comments] Description: This MT5 indicator creates a sound alert as soon as a major trend kicks in. Signals can be used for IQ Option, Olymp Trade, Pocket Option, and Binomo Strategy: 3 SMA with Engulfing Candle pattern Time Frame: 1 Minute Candlesticks MT5 platform Expiry: 5 Mins expiry Call option: when Blue Up direction arrow appears. Put option: When Red down direction arrow appears. Type: Binary options Forex only Currency pairs: EUUSD, GBP/USD, NZD/USD, AUD/USD, EUGBP, and USD/CHF Mode: Can be used with MT2 trading Bot or Just on the regular MT5 Chart Works with MT4: No [if required, need a weeks time to develop for MT4] Price: USD 35 Winning Percentage: 85% winning ratio during New York/ London Session Email us at '[email protected]' for payment details if you need this MT5 indicator. #binarypriceaction #MT5indicator #iqoption #binaryoptions #priceaction MT5 binary options indicator with call and put signals and sound alert #binarypriceaction |
![]() | The CHAMPION Forex Holy Grail arrow indicator is a highly effective indicator without delay and redrawing for ultra-precise trading on any timeframe. The arrow indicator CHAMPION is based on volume spread analysis and VSA method and is designed for ultra-precise trading on any currency pair and timeframe from M1 to W1. submitted by Profinvestments to u/Profinvestments [link] [comments] https://preview.redd.it/6wwnuuhqq85a1.png?width=1024&format=png&auto=webp&s=27d631fd9a7e7d19f534d53443d2fd5b12d45ea1 Arrow indicator CHAMPION Forex Holy Grail displays signals without delay and redrawing. Signals appear after the current candle closes. How to install trading indicator:
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![]() | -Account: MT4 8615582 submitted by FxGecko to FxGeckoAPP [link] [comments] -Amount: 200 USD -Issue: The investor had doubts about the sudden loss of all the funds in his account within 3 days and asked VT Markets to compensate for his losses. Complaint details: https://www.fxgecko.net/en_US/complaint/9188.html FxGecko has sent the complaint to VT Markets for a solution but has not received a reply yet. FxGecko data shows that VT Markets currently has 23 customer complaints, of which 6 complaints have been answered and 2 complaints have been resolved. FxGecko reminds you to pay attention to the quality of service and customer reputation of this broker. https://preview.redd.it/ej0tnc5u2g5a1.png?width=712&format=png&auto=webp&s=9f8de73dbca51742e5bc7b95196b7df4c5d585ac You can click here to recognize common investment trading scams to avoid being scammed. Click here to see how to check if a broker is safe and what to do if you encounter a scam broker. FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams. You should "ask, check and confirm" before investing. You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams. You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed. Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams. |
![]() | How to check if a forex broker is safe?FxGecko reminds you that you should "ask, check and confirm" before registering and depositing with a forex/crypto trading platform.Don't blindly believe their claims that they are legally regulated, that they work with a big company, that they are part of a group, etc. Taking a few minutes to check the broker's qualification information on FxGecko APP, or posting directly on FxGecko asking about the broker, can help you avoid some potential scams. When viewing forex trading platform information on the FxGecko APP, you need to focus on 5 pieces of data. 1. Rating: If the broker's rating is low, indicating "high risk", please stay alert. 2. Regulatory information: If the regulatory status of the company is not "under supervision", please avoid it. 3. Company overview: Check whether the company's name and contact information are complete and whether the business status is normal, otherwise please stay alert. 4. Related companies: If the company is associated with companies that have run away, ceased operation, delayed withdrawal, false marketing, abnormal operation, etc., please stay alert. 5. Complaints: If the company has been complained by customers that they cannot withdraw their funds and the complaint has not been answered and resolved, please stay alert. In short, if a platform looks like a scam or even seems risky, don't even give them your money. If you want to choose from legitimate brokers, you can refer to the top 50 forex brokers on FxGecko APP. https://preview.redd.it/762q33b2eov91.png?width=1074&format=png&auto=webp&s=4bc3d0d3c582638881f2e1ad03b5decb97432518 【Tips】: When you can't find the broker you want to check in FxGecko APP, you can provide the name, website and other information of the broker you want to check by submitting a complaint, and FxGecko staff will add a review of the broker based on the information you provide. If you already trade with a broker, what do you need to do?1. Save all emails and attachments they send.2. Download a copy of their terms and conditions. 3. Keep a regular history of all your trades; preferably once a week and before each withdrawal request. 4. If it is a multinational company, make sure you know which branch you are sending money to before you do so. 5. If you have a dispute with a broker or have encountered a scam broker and need help from FxGecko, you can file a complaint on the FxGecko APP and share details about what happened. Remember to provide...
If you have any problems submitting a complaint, you can contact FxGecko's customer service via Telegram. (+852 9562 7576, +86 132 5508 1716) Generally speaking, legitimate brokers that are still in operation, after receiving the complaint information sent by FxGecko, will generally actively deal with the related complaint issues in order to maintain their clients' reputation and better their business activities. If a broker that is still in business is slow to address customer complaints, FxGecko will expose their behavior and warn others to stay away from the broker. If the broker you are complaining about is a scam broker and has run away with the money (the website is not accessible or does not respond to any of your messages), FxGecko recommends that you gather evidence and seek help from the local police as soon as possible. FxGecko will continue to expose these scams and tell you where you can report them. Warning: When filing a complaint on FxGecko, please do not disclose any of your private information, especially your contact information. Since "recovery scammers" often check the FxGecko community in the hope of finding new victims. They will try to provide you with their contact information or ask for your contact information through comments, private messages, etc., to lure you back into another scam with the promise of getting your money back. The way to download the FxGecko APP. https://preview.redd.it/v3sfjse6eov91.jpg?width=1080&format=pjpg&auto=webp&s=2b188755a35b0d09e65684729394bfcaa5981988 In addition to checking broker information and filing complaints, you can also view real-time market data, information and financial calendars on the FxGecko APP to keep abreast of market developments. (All functional services provided by FxGecko to its users are free of charge.) https://preview.redd.it/7rjmfia9eov91.png?width=1105&format=png&auto=webp&s=e2a03e01b4bed1aded099e19d291495ba3102354 You can click here to see how a forex scam works and what to do if you are scammed. FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams. Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams. |
submitted by Majestic_Beyond3441 to amcstock [link] [comments]
![]() | What happened in the market last week?Last week's data was light, with CPI increases in New Zealand, Canada, and the UK.Meanwhile, UK Prime Minister Lizz Truss has resigned after only 44 days in office. This increased market volatility, as 2did news from Federal Reserve members calling for the Fed to act more aggressively at their next meeting. The USDJPY price surged past the critical 150.00 level, sparking talk of a Bank of Japan intervention; however, no such action has yet occurred. https://preview.redd.it/zkif04fn7wv91.png?width=497&format=png&auto=webp&s=213c8c3d5a6665b4feea0585caa5e700fc0ff0d8 Last Week Market Pair ChangesAfter a lack of data last week, the USD index (USDX) fell 1.13 % for the week, and there is concern that the Fed may decrease the pace of its rate hikes.
(Picture taken from forexfactory.com) What to focus on this week?The Bank of Canada, the European Central Bank, and the Bank of Japan will announce their interest rate decisions this week. All three banks are expected to increase their rates to curb inflation.The US will also release its Flash Services PMI, Advance GDP, and Core PCE Price Index, while the UK and the Eurozone will have their Flash Services PMI and Manufacturing PMI available. Australia will also release its Consumer Price Index and Canada its Gross Domestic Product data. Flash Services and Manufacturing PMI in the Eurozone, UK, and the US | 24th October 2022 Flash Services PMI in France for October is forecast to drop slightly to 51.9 from 52.9 in September; Germany may see a decrease from 45 to 44.8. Analysts also predict UK Flash Services PMI to remain unchanged at 50 and US to increase from 49.3 to 50. Flash Manufacturing PMI in Germany for October is forecast to move lower to 47 from 47.8 in September. The UK may see an increase to 48.4 from 47.5. US CB Consumer Confidence | 25th October 2022 The US CB Consumer Confidence Index increased to 108 in September 2022 from 103.6 in August, showing strong confidence from US consumers. Analysts expect Consumer Confidence in the US to slow down to 106, but data may still be above 100, indicating that US consumer confidence is good. Australia Consumer Price Index | 26th October 2022 The Consumer Price Index in Australia increased by 1.80% in the 2nd Quarter of 2022 over the previous Quarter. Analysts expect that Consumer Price Index for the 3rd Quarter will be lower at around 1.1% to 1.5%. Bank of Canada Rate Statement | 26th October 2022 The Bank of Canada increased the target for its overnight rate by 75bps to 3.25% in September 2022. Policymakers said interest rates would need to rise further given the inflation outlook, resulting in this month's forecast that Canada's overnight rate will further increase by another 50bps to 3.75%. ECB Press Conference and Interest Rate Decision | 27th October 2022 The European Central Bank raised rates by a bigger-than-expected 75bps in September, signalling further hikes in the coming months. The market is already priced at a further 75bps increase in October to 2%. US Advance GDP | 27th October 2022 The US economy contracted an annualised 0.6% in Q2 2022, matching the second estimate and confirming the economy is in a technical recession. Analysts expect a 2% increase in the 3rd Quarter of 2022. Bank of Japan Outlook Report | 27th October 2022 (tentative) The Bank of Japan retained its key short-term interest rate at -0.1% and signalled to deliver more hikes in future meetings. Even though inflation in Japan has been in the range of 2.5 to 3%, and the Yen hit its weakest level in more than 20 years, we still expect that the interest rate will remain unchanged at -0.1%. Canada’s Gross Domestic Product | 28th October 2022 In July, the GDP increased by 0.1%, the same pace as in June. GDP may be slower at 0% in August. US Core PCE Price Index | 28th October 2022 Core PCE prices in the US, excluding food and energy, went up by 0.6% in August 2022, rising from the revised stall in the previous month. For September, analysts expect that Core PCE prices will be at 0.4%. Technical AnalysisGold (XAUUSD)https://preview.redd.it/dwuywwrx7wv91.png?width=512&format=png&auto=webp&s=5ea1cae96a075554282edf8535376449a048cd65 Gold prices increased this week because of a weaker US$, then rebounded after reaching our support level of $1,614. On a weekly timeframe, we can see that the Stochastic Indicators have just crossed over the oversold level, indicating that gold is about to increase. Gold prices will attempt to return to the 200-candle moving average. Our Weekly resistance levels at $1,697, and $1,738 with the support levels at $1,614, and $1,559. Meanwhile, on a daily timeframe, we can see that the Stochastic Indicators are exiting the oversold zone, indicating that the trend will likely change if gold can maintain its strong move in the following days. We can also see that the price is currently below but is beginning to return towards the 20, 50, and 200-candle moving averages, indicating that the price may begin to climb higher despite the market's selling dominance. Our Daily resistance levels at $1,679 and $1,695, with the support levels at $1,634 and $1,611. Conclusion: Given this week's lack of US data, we may expect gold to regain its demand in the short term while we wait for further US data. We expect that gold will attempt to reach the 20 and 50-candle moving averages daily in the $1,664 - $1,693 range. EURUSDhttps://preview.redd.it/9hjxm1228wv91.png?width=512&format=png&auto=webp&s=8159dcf433f5dc9215ed2bada63ce596ec295553 The EURUSD price gained last week due to a lower US dollar, reaching our resistance levels on both the weekly and daily timeframes and ending the week at 0.9860. The Stochastic Indicator is progressively rising in the Weekly timeframe, but the price remains within the downward channel movement, indicating that upward movement is still limited. The price continues to trade below the moving averages of the 20, 50, and 200 candles. Our Weekly resistance levels are at 0,9860 and 1.0090, with the support levels at 0.9625 and 0.9533. On our daily timeframe, we can see that our stochastic indicators are lower after hitting the overbought level, indicating that the EURUSD may have peaked its short-term upward movement. Price is still trading below the 50- and 200-candle moving averages, but it has broken above the 20-candle moving average. Our Daily resistance levels are at 0.9872 and 0.9940, while the support levels are at 0.9666 and 0.9550. Conclusion: With the ECB rate decision, monetary policy this week, and some Flash Services and Manufacturing Data from the Eurozone, we may see some positive results in EURUSD. We anticipate that the EURUSD will attempt to break through our resistance level of 0.9872 and go higher to the 0.9940 level. DJ30https://preview.redd.it/wcsfqjw58wv91.png?width=512&format=png&auto=webp&s=98b705726450ca29c2868f8a39b9fde3d0166f8f Last week, US stocks rose to end a turbulent week positively. The DJ30 broke our resistance levels and ended the week at 31166. We can see the Stochastic Indicator exiting the oversold zone on the Weekly timeframe. The price moves below the moving average of 20 and 50-candle but can break back above the 200-candle moving average. Our Weekly resistance levels are at 31362 and 32399, with the support levels at 30651 and 28781. On our daily timeframe, we can see that our stochastic indicators are inside the overbought level and trying to exit and move lower. Price is now moving above the 20 and 50-candle moving average. Our Daily resistance levels are at 31803 and 32456, while the support levels are at 30472 and 28710. Conclusion: Since we are entering the earnings season, we can expect some positive movement in the market. We can expect that DJ30 will move higher to reach our weekly resistance level at 31362. USOUSDhttps://preview.redd.it/zsdwdja98wv91.png?width=512&format=png&auto=webp&s=ea1ac712011b4d59302c5902ab0c8282d4b3d09d Last week, USOUSD (WTI) was up for the week following after reaching our support level at 83.66 and 81.51 as expectations of stronger Chinese demand and a lower US dollar overshadowed concerns about a global economic downturn, ending the week at 84.89. On the Weekly timeframe, we can see that the Stochastic Indicator is rising. The price is moving below the 20 and 50-candle moving averages and above the 200-candle moving average. Our Weekly resistance levels are at 93,86 and 100,90, with the support levels at 83,66 and 76,09. On our daily timeframe, we can see that our stochastic indicator is also rising. Price still moves below the 20, 50, and 200- candle moving average. Our Daily resistance levels are at 85,70, and 88,30, while the support levels are at 81,51, 79,35 and 76,17. Conclusion: Since we are still feeling the effects of the supply cut decision and rising demand in China, we anticipate some positive market activity. Following the strong stochastic indicators from both the weekly and daily timeframes, we expect the USOUSD to advance higher, reaching our resistance levels of 85.70 and 88.30 before reaching the weekly 50-candle moving average of 89.85. NAS100https://preview.redd.it/jmv0kd2d8wv91.png?width=512&format=png&auto=webp&s=630dcdc57ee8fe2262c7f46eac8d5cfd20939151 Last week, US stocks rose to end a turbulent week positively. The NAS100 reached our weekly resistance level at 11333. On the Weekly timeframe, we can see that the Stochastic Indicator is inside but looking to move higher to exit the oversold level. The price is still below the 20, 50, and 200- candle moving average. Our Weekly resistance levels are at 11333 and 12159, with the support levels at 10836 and 10350. On our daily timeframe, we can see that our stochastic indicators touched the overbought level yet crossed down to expect lower movement. Price is still moving below the 50 and 200-candle moving averages but trying to break above the 20-candle moving average. Our Daily resistance levels are at 11667 and 11974, while the support levels are at 10677 and 10315. Conclusion: Since we are entering the earnings season, we can expect some positive movement in the market. We expect that NAS100 will increase to reach some of our weekly 200-candle moving averages at 11566 and our daily resistance level at 11667. GBPUSDhttps://preview.redd.it/df15d28g8wv91.png?width=512&format=png&auto=webp&s=a5e12a1885bc3c52ce104d09902cdf653bb14d2b Last week, the GBPUSD set a weekly increase after UK Prime Minister Lizz Truss announced her resignation after only 44 days in office. It reached our weekly resistance level at 1.1411. On the Weekly timeframe, we can see that the Stochastic Indicator is rising higher, indicating a significant upward momentum. The price is still below the 20, 50, and 200-candle moving averages. Our Weekly resistance levels are at 1.1411 and 1.1755, with the support levels at 1.0795 and 1.0300. On our daily timeframe, we can see that our stochastic indicators are going back lower, but the price is moving higher. Price attempts to break above the 20-candle moving average and between the 20 and 50-candle moving averages but remains below the 200-candle moving average. Our Daily resistance levels are at 1.1462 and 1.1735, while the support levels are at 1.0925 and 1.0650. Conclusion: Markets are still waiting for the decision and policy after Lizz Truss's resignation. We expect to get some consolidating movement this week. We expect GBPUSD to move inside the range between the daily 20 and 50-candle moving average with a higher expectation to break our weekly resistance level at 1.1411. USD Indexhttps://preview.redd.it/95jwsy9j8wv91.png?width=512&format=png&auto=webp&s=577380a8504de203651a5c589ccd8515641a1ab4 Last week, the USD index (USDX) fell as lack of data release, and there is concern that the Fed may decrease the pace of its rate hikes. It reached our daily resistance level of 113.79 before going back lower, trying to reach our daily support level of 111.47. On the Weekly Timeframe, we can see that the Stochastic Indicator has exited the overbought level with a slower motion. The price remains above the 20, 50, and 200-candle moving averages. Our Weekly resistance levels are at 113.83 and 115.35, with the support levels at 110.82 and 107.97. Meanwhile, at the daily timeframe, we can see that the Stochastic Indicator shows a rising movement after being unable to reach the oversold level. Price is still above the 50 and 200-candle moving averages but trying to break below the 20-day moving average. Our Daily resistance levels are at 113.79 and 114.75, with the support levels at 111.47, 110.76 and 109,96. Conclusion: With a slow market for last week and a lack of data for this week, we will see some consolidating movement in the USD Index. Some data, such as Consumer Confidence and Flash Services PMI, might create some volatility. We expect the price to move between the daily support and resistance in the 111.47 to 113.79 range. USDJPYhttps://preview.redd.it/415zpaam8wv91.png?width=512&format=png&auto=webp&s=75c6ef8cff9d71c80736db91214b8ab790d0caad USDJPY ended the week lower after a higher movement caused by a weak JPY. It reached our weekly resistance level of 151.42. Japan's plan to intervene in the forex market and the USD weak helped the USDJPY to move lower and end the week at 147.57. On the Weekly timeframe, we can see that the Stochastic Indicator is inside the overbought zone, with a potential lower movement. The price is still moving above the 20, 50, and 200-candle moving averages. Our Weekly resistance levels are 151.42 and 156,28, with the support levels at 143,45 and 138,49. We can see that the stochastic indicator is exiting the overbought level on the daily timeframe. Price remains above the 20, 50, and 200- candle moving average, with the price unable to break below the 20-candle moving average. Our Daily resistance levels are 149.35 and 154.91, while the support levels are 144.66 and 142.19. Conclusion: We are still waiting for Japan's intervention in the forex market, especially if USDJPY is back to reaching the 150 level. We expect that USDJPY might move lower after knowing the Bank of Japan's monetary policy decision. The price might move lower, breaking below the daily 20-candle moving average to reach our daily support at 144.66 and weekly support at 143.45. |
![]() | On September 24, it was reported that Apple Inc. removed the popular Forex and Contracts for Difference (CFD) trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) from its App Store. submitted by FxGecko to FxGeckoAPP [link] [comments] FxGecko's check shows that MT4 and MT5 trading apps do not appear when searching on the Apple App Store. However, they can still be found on the Google Playstore. https://preview.redd.it/8s7a9jz126q91.png?width=621&format=png&auto=webp&s=707d597a6c98a3761d6dfa44a101da0e05619585 Reasons why MT4 and MT5 were taken down from the Apple App StoreThere is a lot of speculation online about the reasons why MT4 and MT5 were taken down from the Apple App Store, with most of the discussion focusing on 2 reasons (click to view).A recent hit article titled How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering mentioned scammers getting retail traders to download MetaTrader as part of a scam. The article also outlined how MetaQuotes allows MT4/MT5 licensees to use a specific plug-in called Virtual Trader, which scammers can use to "manipulate market prices and simulate account balances, profits or losses. MetaQuotes, on the other hand, has almost no rules to prevent its licensees from using third-party plug-in software. While MetaQuotes itself is not involved in the scam, the article quotes an Apple spokesperson who said "the company is investigating complaints about MetaTrader and will take additional action to protect App Store users as necessary." At the moment, neither Apple nor MetaQuotes has given a specific reason for the removal of MT4 and MT5 from the App Store. However, a representative of MetaQuotes told the press that he does not see any connection between Apple's actions and the Western sanctions against Russia. The representative also noted that the removal of trading apps from the App Store caused significant losses to their company. The removal of these apps affects not only the parties involved, but the industry as a whole. MetaQuotes said it is contacting Apple in an effort to clarify the situation and resolve the issue. The company further stated that it is considering various other options. What should investors be aware of when using MT4 and MT5?First, check if your broker is legitimate.You can check the broker's regulatory license, customer complaints, related companies and other information on FxGecko to avoid potential scam brokers. Next, keep your account trading records. One of the most important pieces of evidence you need to maintain in forex trading is a complete account transaction history. This history includes trade lines, each with ordeticket number, date/time of entry and exit (seconds/milliseconds), order lots, additional stops/profits, commissions, swaps, etc. They are sorted chronologically. According to the experiences described by complaining users on FxGecko, you will not be able to obtain critical evidence about the trade if you have a dispute with the trading platform that leads to account restriction. Moreover, you cannot rely only on the broker's server to store records, as they can modify the history or even delete them. Therefore, FxGecko recommends that you keep a complete transaction history once a week or every two weeks, and before each withdrawal request is submitted. Since the account transaction history html (or xml) is not automatically saved locally. Therefore, you must export it manually. You can see how to view and save the transaction history by clicking here: https://www.fxgecko.net/en\_US/articles/118102.html FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams. You should "ask, check and confirm" before investing. You can check the qualification information and complaints of global trading brokers at FxGecko's website to avoid any potential scams. You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed. When you have any problems submitting a complaint, you can contact FxGecko's customer service on Telegram. (+852 9562 7576, +86 132 5508 1716) Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams. |
![]() | How to trade the Cypher pattern?The Cypher pattern is not the most famous trading formation. However, this trading instrument can help you better understand and forecast price movements. Learn how it works and add it to your set of trading tools.Harmonic Cypher PatternThe Cypher pattern is a reversal formation within the class of harmonic patterns . It occurs in various financial markets, including Forex, futures, stocks, and cryptocurrencies. The Cypher pattern consists of four separate price segments, with defined Fibonacci ratios.In an uptrend, the Cypher pattern generates higher highs and higher lows. And vice versa, in a downtrend, the Cypher pattern generates lower lows and lower highs. Another attractive feature of the Cypher pattern is that the first three legs within the formation resemble a zigzag or lightning bolt . Below you will see an example of a bullish Cypher pattern. https://preview.redd.it/ckcfc45wg5t91.png?width=1200&format=png&auto=webp&s=6822c5b4e526b553e83170e2f37b182fac49786b You will notice that the pattern is a five point XABCD structure, consisting of four individual segments. In the bullish formation, point A and point C make higher highs, and point B makes a higher low. Cypher Pattern RulesThere are some rules to classify a valid Cypher pattern. The XA segment must always be impulsive. Segment AB, a corrective move, traverses a portion of segment XA. Segment BC continues the movement of the first segment (XA) and forms a higher high. Finally, segment CD covers a large part of the entire movement between points X and C.https://preview.redd.it/ps20ieu0h5t91.png?width=1073&format=png&auto=webp&s=6bfce43c79ea49063aa1f1ed38ba1f5e80a1f6f5 Traders use two main Fibonacci tools to define the Cypher pattern. The first is a Fibonacci retracement and the second is a Fibonacci projection. Segment AB must retrace segment XA by at least 38.2% and must not exceed 61.8%. Point C within the structure must be a minimum 127% projection of segment XA, measured from point B. At the same time, point C must not extend beyond the 141.4% level. Point D must end at or near the 78.6% Fibonacci retracement level of the price movement measured from the start at point X to point C. The first and last are the most important rules for the Cypher pattern. If the shadow of the candle seems excessively large, it is better to use the close of the candle to measure. On the other hand, if the shadow is of standard size, it is better to use it in the measurement process. Related: Top Stock Investment Newsletters Cypher Trading StrategyWe can prepare for a potential trade near the Cypher completion point when we find the trading pattern with the ideal Fibonacci ratios.You should follow the following trading strategy to open a long position when spotting a bullish Cypher pattern:
On the other hand, you should follow the steps below to open a short position within a bearish Cypher pattern:
Bullish Cypher PatternThe image below represents a typical bullish Cypher pattern.https://preview.redd.it/welvftwhh5t91.png?width=1200&format=png&auto=webp&s=217935c27774c4366aafb3c73310801a792c4be1 The initial segment XA is formed from the starting point at X. AB moves down to get back on XA. This pullback should take prices between the 38.2 and 61.8 level of the XA segment. Segment BC forms a higher high and ends between the 127.2 and 141.4 projection of the initial segment XA. The segment CD is moving down and ends near the 78.6% retracement level of the price movement from point X to point C. As soon as the price reaches the 78.6% retracement level at point D, the bullish Cypher pattern is considered valid and a price increase is expected. How to plot a Cypher pattern?You need to follow several steps to plot a Cypher pattern.
ConclusionThe Cypher pattern is one of the most advanced harmonic structures. However, this pattern has a high probability of success and offers a strong risk-reward ratio.Like many other patterns, the Cypher pattern works best on longer timeframes, like four hours and daily charts. >>>Access more profitable trading tips joining the Capitalist Exploits Insider Newsletter |
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