CHANGES ON VIP SERVICE

Hi Guys,

I have a pleasure to announce that Sigma_Square VIP Service has found partnership agreement with  http://www.resistanceinvest.com/ and decided to improve the service and  co-operate for mutual benefits of their clients.

From the next weekend (22-23 June 2013) I will upload new charts, signals and video analysys into new site and gradually move the whole  blog content to the fully functional new web page.

For all current subscribers: I will continue to post as usuall up to the end of subscribtion period and then this blog will be closed ( probably end of July - beginning of August). Then If You would like to continue with subscribtion, You would be able to do so by singing up to Sigma_Square on http://www.resistanceinvest.com/.

Please notice that Sigma_Square and INGtrading are TWO SEPARATE SUBSCRIPTIONS.

The price for monthly subscription stays the same $50/month.

King regards,
Sebastian Seliga

EUR/USD M30 CFD VSA Update

Intraday overview:
There is still a possible new high if we consider the alternate count, that indicates the (a)(b)(c) wave 4 Irregular Flat correction - the price is now in ending stages of wave v of wave (c).

From VSA point of view the most important confirmation of further wekness to come is Yao Ming bar on volume that indicates high selling. This was hinted way before due to a wekness in the backgroud in EURUSD.

Key Area for bulls is 1.3175 - 1.3195 zone that has the higer  possible rate of reversal as this is previous wave 4 area as well.

Support/Resistance:

1.3422 - Swing high
1.3321 - Weekly Pivot

1.3284 - Resistance/Triangle Low Level

1.3246 - WS1
1.3175 - 1.3195 - Technical Support and previous wave 4 area
1.3108 - WS2
1.3036 - WS3.

Trading recomendation:
If this 1.3422 is top of wave 2 then short the rally into  1.3321 area with targets of 1.30108 up to 1.3036. Any sustained move  above this level puts the count into question, and break of 1.3422 would invalidate the count.

EUR/JPY H4 Update

This chart has been posted in VIP Service on 16 June 2013.

Seb


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Forex Trading: Parabolic SAR Stop and Reverse Technical Indicator

An indicator on the trading platforms like PLUS500 is Parabolic SAR; it is an indicator that is useful in a trend-following market and best if the investment is a long term investment.

The Parabolic SAR indicator can not stand alone as a basis for a decision.

Parabolic SAR stands for stop and reverse as the indicator provide the traders with information about the trend direction; is the trend bearish is the indicator line above the price line and if the market is bullish is the indicator line below the price line.

The image illustrates the price line and the parabolic SAR indicator.

More about parabolic SAR

On my article base is an article about trading Forex with the parabolic SAR.

In the article is written that it is important testing the indicators to improve and find the right trading tools; just to make it easier to understand how a test could look like is a visualisation of a test in the table below.

More information on how to test a trading strategy is in the article Forex Online Trading? How To Test a ForexTrading Strategy.

EUR/USD M30 Update

Two scenarios here:
SCENARIO 1:
Wave 5 has been finished in truncaded wave five mode and now the price will be heading lower. First confirmation is 1.3286 level breakout.
SCENARIO 2:
Wave 5 has not been finished and the triangle is on the making. New high is expected if 1.3385 is broken.

Seb
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Chart Pattern: Double Top and Double Bottom

In previous posts I have written about chart pattern; in this post is the double top and double bottom illustrated. The patterns are common patterns.

In general about pattern
Looking at the charts give the traders’ information in which direction the chart is moving in.

If the price increases to a level and falls to a lower level and start again to rise to a higher level; the trader expects the price to fall when the price reaches a certain level.

Reverse are the traders expecting the price to rise if the price level is falling to a certain level and rising to a higher level and falling to a certain level.

The traders have also information about how much they expect the price to fall and rise if the patterns are a described.

Double top
The double top pattern is when the price move’s from a lower point to a higher point and reverses to a lower point and starts to rise and fall as the image illustrates; the pattern is first ended when the price reaches point E.

The traders expect as a minimum the price will fall the difference between D and E as the image illustrates.    

Double bottom
The double bottom pattern is when the price move’s from a higher point to a lower point and reverses to a higher point and starts to fall and rise as the image illustrates; the pattern is first ended when the price reaches point E.

The traders expect as a minimum the price will increase the difference between D and E as the image illustrates.