Friday, June 29, 2018

That GBP/USD trade looking nice now

Would have been a nice trade, had I stayed in it, over 100 pips now from entry.

Thursday, June 28, 2018

GBP/USD Demand Zone bounce maybe?

I had a shot at buying dip into this demand zone, but it went deeper than I thought, and bailed out at break-even. Shame, because it would now be doing quite well, if I had just left to original plan.

Supply / Demand Candles

Overview

The logic behind the "Supply/Demand Candles" indicator is the same as used in the "Supply/Demand Zones" and "Supply/Demand Scanner" indicators.

The indicator analyses the candle's open, high, low and close and any price gaps in order to categorise the candle as either a "Strong Up" candle, a "Strong Down" candle or a "Weak" candle. These are then high-lighted on the chart with an appropriate colour.

These candle categorisations are then used as the basic features for the more sophisticated processing of the "Supply/Demand Zones" indicator. However, even the basic features can be useful to see on the chart.

Inputs


Screenshots


Availability

The indicator isavailable to purchase for MarketScope 2.0 via the Store page, either separately or as part of the "Supply/Demand Bundle".

Friday, June 22, 2018

Update: Supply/Demand Zones Indicator and Scanner

New version of the Supply/Demand Zones indicator and Supply/Demand Scanner are on the server.

Supply/Demand Zones (Release 4):
  • Fixed duplicate zone issue

Supply/Demand Scanner (Release 3):
  • Cosmetic changes for mini-chart graphics

More information about these indicators can be found here.

Thursday, June 21, 2018

Vote change at BoE hints at future rate hike

Vote change at BoE hints at future rate hike, causing a spike in GBP against other currencies. Here is GBP/USD H1 chart, which shows the price move stopping at the identified supply zone levels.