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Tips for MT4: Putting price levels besides the Fibs

On December 6, 2009, In Software, broker and trading platform, By Soh Tiong Hum

This is a simple tip for MT4 users.

Before:

The Fibonacci tools are wonder ful and essential for trading but after plotting them on the chart, price levels corresponding to the Fib levels are not displayed. For illustration, see ”50%’ retracement level on chart. To get the precise reading, you may have to use the crosshair function.

After:

By going to ‘Fibo properties’ and adding ‘=%$’ to the description cell for each fib level, you can see the price level displayed beside the fib level like ‘23.6=1.32038′.

Tweaking MT4

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

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Fibs in motion for Euro

On November 20, 2009, In Technical Studies, By Soh Tiong Hum

Fibonacci ratios are remarkable when applied to FX trading. The recent consolidation of EURUSD on its intraday 1- and 4- hour charts display its tendency to follow fibs.

Captured on the 4-hour charts, we can see the following:

Point C is the 76.4% retracement of A-B
Point E is the 76.4% retracement of C-D
Point F is the 76.4% retracement of D-E
Point G is not an established turning point on the 4-hour chart (although it may be on the 1-hour). It is however at the 61.8% retracement of E-F.

Fibs in motion

Tagged with: consolidation • EURUSD • Fibs • FX trading

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

AUDJPY retraces 50 percent of October rally

On November 1, 2009, In Technical Studies, By Soh Tiong Hum

There is no reversal of daily chart yet although there is a hint on the H4 chart. Price movement in both directions in the past 2 days are very strong so be mindful of volatility ahead.

Tagged with: AUDJPY • Fibonacci • Fibs • swing strategies for trading currencies

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

Technical Analysis Modules for City Index

On July 11, 2009, In Events and Announcements, By Soh Tiong Hum

City Index is running a total of 9 educational Technical Analysis Seminars from 22 July 2009 till 24 September 2009.

These are organised in 3 levels of sophistication:

Basic

* Moving Average
* Moving Average Crossover
* Support & Resistance
* Trading with Oscillators

Intermediate

* Bollinger Bands
* Japanese Candlestick Patterns

Advanced

* Chart Patterns
* Fibonacci Ratios

Trainers from TerraSeeds Market Technician Pte Ltd are speakers at these seminars. More information can be found at http://www.cityindexasia.com.sg/learn_to_trade/seminars.aspx

Tagged with: bollinger bands • candlesticks • chart patterns • City Index • Fibs • moving average • oscillators • technical analysis classes

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

EURUSD in consolidation pattern

On April 16, 2009, In Technical Studies, Trading Technique and Strategy Discussion, By Soh Tiong Hum

The Euro has a consolidation pattern that may hint of a continuation move. We see a support (A) above the 50% fibonacci retracement level and the trading in the past 24 hours show indecisiveness. In order to move out of the current triangle, Bulls have to clear the common resistance trendline (1) followed by the extreme resistance (2).

EUR in consolidation pattern with hint of continuation

The EURCHF has a similar setup

Tagged with: consolidation pattern • EURCHF • EURUSD • Fibonacci • Fibs • Technical Idea • Trading Technique and Strategy Discussion

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

Equidistant channel on EURUSD

On March 26, 2009, In Economic Indicator, Events and Announcements, Technical Studies, Trading Technique and Strategy Discussion, By Soh Tiong Hum

EUR support and resistance still valid

Whether last night’s news was really a surprise is questionable but we find that the market or more importantly the charts contain a lot more predictive value.

A low-high (March) fib measurement of the EUR on the daily chart will show that yesterday’s trading low for the was really a 23.6% retracement support. This was also confluence of an equidistant channel that could be drawn using points which were already available over the past few days.

A 170 pip rally brought the EUR to the top of the channel and touching the resistance nicely. It really isn’t a surprise. Its a bet of 30 pip stop versus a 170 pip target.

What’s more, until the channel is violated conclusively, it is still valid.

Tagged with: Economic Indicator • EURUSD • Fibonacci • Fibs • resistance • Retracement • Technical Idea • Trading Technique and Strategy Discussion

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

Technical Idea: USDCHF

On September 19, 2008, In Trading Technique and Strategy Discussion, By Soh Tiong Hum

We have a confluence of resistance for the USDCHF including key fibs, trendlines and some horizontal levels.

Tagged with: Fibs • Trading Technique and Strategy Discussion • USDCHF

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

Trading Idea: EURUSD

On July 23, 2008, In Technical Studies, By Soh Tiong Hum

Potentially equidistant channel + Fib 76.4.

Tagged with: Fibs

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

AUDJPY at 261.8 fib expansion level

On June 11, 2008, In Trading Technique and Strategy Discussion, By Soh Tiong Hum

Together with the previous high at 102.00, we might see some resistance before price is able to clear.

FX is steeped in the use of Fibonacci levels. The A-B-C reveral pattern of higher-low is also a 50% retracement level.

Tagged with: AUDJPY • Fibs • resistance • reversal • weekly trades

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

FX market at a nexus now; 38.2 Fib resistance for USDJPY

On June 10, 2008, In Trading Technique and Strategy Discussion, By Soh Tiong Hum

Things may be falling into place for a key decision to be made. We got the USDJPY at a 38.2 retracement (106.67) of the weekly high-low which is likely to act as a strong resistance.

In the meantime, EURUSD is supported by the 61.8 retracement (1.5566) of the daily high-low while gold is also likely to have strong support at USD 886.

Tagged with: EURUSD • Fibs • Gold • resistance • support • USDJPY

About the author

Soh Tiong Hum

Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

Visit Authors Website

Tips for MT4: Putting price levels besides the Fibs

Soh Tiong Hum

Fibs in motion for Euro

Soh Tiong Hum

AUDJPY retraces 50 percent of October rally

Soh Tiong Hum

Technical Analysis Modules for City Index

Soh Tiong Hum

EURUSD in consolidation pattern

Soh Tiong Hum

Equidistant channel on EURUSD

Soh Tiong Hum

Technical Idea: USDCHF

Soh Tiong Hum

Trading Idea: EURUSD

Soh Tiong Hum

AUDJPY at 261.8 fib expansion level

Soh Tiong Hum

FX market at a nexus now; 38.2 Fib resistance for USDJPY

Soh Tiong Hum

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