Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

aaa

Automatic Fibonacci Retracement

Recommended Posts

ThanX ZDO for your information

 

I am not good enough to make an indicator

 

I can understand most of an algo and adapt some minor point, no more...

 

Here is one I've found on the net

 

//+------------------------------------------------------------------+

//| #SpudFibo.mq4 - downloaded from ultimaforex.com

//+------------------------------------------------------------------+

#property indicator_chart_window

 

extern string note1 = "Fibonacci colors";

extern color UpperFiboColor = Navy;

extern color MainFiboColor = RoyalBlue;

extern color LowerFiboColor = DodgerBlue;

extern string note2 = "Draw main Fibonacci lines?";

extern bool InnerFibs = true;

 

double HiPrice, LoPrice, Range;

datetime StartTime;

 

int init()

{

return(0);

}

 

int deinit()

{

ObjectDelete("FiboUp");

ObjectDelete("FiboDn");

ObjectDelete("FiboIn");

return(0);

}

 

 

//+------------------------------------------------------------------+

//| Draw Fibo

//+------------------------------------------------------------------+

 

int DrawFibo()

{

if(ObjectFind("FiboUp") == -1)

ObjectCreate("FiboUp",OBJ_FIBO,0,StartTime,HiPrice+Range,StartTime,HiPrice);

else

{

ObjectSet("FiboUp",OBJPROP_TIME2, StartTime);

ObjectSet("FiboUp",OBJPROP_TIME1, StartTime);

ObjectSet("FiboUp",OBJPROP_PRICE1,HiPrice+Range);

ObjectSet("FiboUp",OBJPROP_PRICE2,HiPrice);

}

ObjectSet("FiboUp",OBJPROP_LEVELCOLOR,UpperFiboColor);

ObjectSet("FiboUp",OBJPROP_FIBOLEVELS,13);

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboUp",0,"(100.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboUp",1,"(123.6%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboUp",2,"(138.2%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboUp",3,"(150.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboUp",4,"(161.8%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboUp",5,"(176.4%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboUp",6,"(200.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+7,1.236); ObjectSetFiboDescription("FiboUp",7,"(223.6%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+8,1.500); ObjectSetFiboDescription("FiboUp",8,"(250.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+9,1.618); ObjectSetFiboDescription("FiboUp",9,"(261.8%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+10,2.000); ObjectSetFiboDescription("FiboUp",10,"(300.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+11,2.500); ObjectSetFiboDescription("FiboUp",11,"(350.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+12,3.000); ObjectSetFiboDescription("FiboUp",12,"(400.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+13,3.500); ObjectSetFiboDescription("FiboUp",13,"(450.0%) - %$");

ObjectSet("FiboUp",OBJPROP_FIRSTLEVEL+14,4.000); ObjectSetFiboDescription("FiboUp",14,"(500.0%) - %$");

ObjectSet("FiboUp",OBJPROP_RAY,true);

ObjectSet("FiboUp",OBJPROP_BACK,true);

 

if(ObjectFind("FiboDn") == -1)

ObjectCreate("FiboDn",OBJ_FIBO,0,StartTime,LoPrice-Range,StartTime,LoPrice);

else

{

ObjectSet("FiboDn",OBJPROP_TIME2, StartTime);

ObjectSet("FiboDn",OBJPROP_TIME1, StartTime);

ObjectSet("FiboDn",OBJPROP_PRICE1,LoPrice-Range);

ObjectSet("FiboDn",OBJPROP_PRICE2,LoPrice);

}

ObjectSet("FiboDn",OBJPROP_LEVELCOLOR,LowerFiboColor);

ObjectSet("FiboDn",OBJPROP_FIBOLEVELS,19);

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboDn",0,"(0.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboDn",1,"(-23.6%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboDn",2,"(-38.2%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboDn",3,"(-50.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboDn",4,"(-61.8%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboDn",5,"(-76.4%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboDn",6,"(-100.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+7,1.236); ObjectSetFiboDescription("FiboDn",7,"(-123.6%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+8,1.382); ObjectSetFiboDescription("FiboDn",8,"(-138.2%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+9,1.500); ObjectSetFiboDescription("FiboDn",9,"(-150.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+10,1.618); ObjectSetFiboDescription("FiboDn",10,"(-161.8%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+11,1.764); ObjectSetFiboDescription("FiboDn",11,"(-176.4%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+12,2.000); ObjectSetFiboDescription("FiboDn",12,"(-200.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+13,2.500); ObjectSetFiboDescription("FiboDn",13,"(-250.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+14,3.000); ObjectSetFiboDescription("FiboDn",14,"(-300.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+15,3.500); ObjectSetFiboDescription("FiboDn",15,"(-350.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+16,4.000); ObjectSetFiboDescription("FiboDn",16,"(-400.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+17,4.500); ObjectSetFiboDescription("FiboDn",17,"(-450.0%) - %$");

ObjectSet("FiboDn",OBJPROP_FIRSTLEVEL+18,5.000); ObjectSetFiboDescription("FiboDn",18,"(-500.0%) - %$");

ObjectSet("FiboDn",OBJPROP_RAY,true);

ObjectSet("FiboDn",OBJPROP_BACK,true);

 

if(InnerFibs)

{

if(ObjectFind("FiboIn") == -1)

ObjectCreate("FiboIn",OBJ_FIBO,0,StartTime,HiPrice,StartTime+PERIOD_D1*60,LoPrice);

else

{

ObjectSet("FiboIn",OBJPROP_TIME2, StartTime);

ObjectSet("FiboIn",OBJPROP_TIME1, StartTime+PERIOD_D1*60);

ObjectSet("FiboIn",OBJPROP_PRICE1,HiPrice);

ObjectSet("FiboIn",OBJPROP_PRICE2,LoPrice);

}

ObjectSet("FiboIn",OBJPROP_LEVELCOLOR,MainFiboColor);

ObjectSet("FiboIn",OBJPROP_FIBOLEVELS,7);

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+0,0.0); ObjectSetFiboDescription("FiboIn",0,"Daily LOW (0.0) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+1,0.236); ObjectSetFiboDescription("FiboIn",1,"(23.6) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+2,0.382); ObjectSetFiboDescription("FiboIn",2,"(38.2) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+3,0.500); ObjectSetFiboDescription("FiboIn",3,"(50.0) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+4,0.618); ObjectSetFiboDescription("FiboIn",4,"(61.8) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+5,0.764); ObjectSetFiboDescription("FiboIn",5,"(76.4) - %$");

ObjectSet("FiboIn",OBJPROP_FIRSTLEVEL+6,1.000); ObjectSetFiboDescription("FiboIn",6,"Daily HIGH (100.0) - %$");

ObjectSet("FiboIn",OBJPROP_RAY,true);

ObjectSet("FiboIn",OBJPROP_BACK,true);

}

else

ObjectDelete("FiboIn");

}

 

//+------------------------------------------------------------------+

//| Indicator start function

//+------------------------------------------------------------------+

 

int start()

{

int shift = iBarShift(NULL,PERIOD_D1,Time[0]) + 1; // yesterday

HiPrice = iHigh(NULL,PERIOD_D1,shift);

LoPrice = iLow (NULL,PERIOD_D1,shift);

StartTime = iTime(NULL,PERIOD_D1,shift);

 

if(TimeDayOfWeek(StartTime)==0/*Sunday*/)

{//Add fridays high and low

HiPrice = MathMax(HiPrice,iHigh(NULL,PERIOD_D1,shift+1));

LoPrice = MathMin(LoPrice,iLow(NULL,PERIOD_D1,shift+1));

}

 

Range = HiPrice-LoPrice;

 

DrawFibo();

 

return(0);

}

//+------------------------------------------------------------------+

Share this post


Link to post
Share on other sites

An other one

 

//+------------------------------------------------------------------+

//| Fibos.mq4 |

//| Developed by Coders' Guru |

//| http://www.xpworx.com |

//+------------------------------------------------------------------+

 

#property copyright "Coders' Guru"

#property link "http://www.xpworx.com"

string ver = "Last Modified: 2008.02.22 19:20";

 

#property indicator_chart_window

#property indicator_buffers 7

 

extern bool Higher_To_Lower = true; //else Lower_To_Higher

extern bool DrawVerticalLines = true;

extern int StartBar = 0;

extern int BarsBack = 20;

 

double f_1[];

double f_2[];

double f_3[];

double f_4[];

double f_5[];

double f_6[];

double f_7[];

 

void DeleteAllObjects()

{

int objs = ObjectsTotal();

string name;

for(int cnt=ObjectsTotal()-1;cnt>=0;cnt--)

{

name=ObjectName(cnt);

if (StringFind(name,"V_",0)>-1) ObjectDelete(name);

if (StringFind(name,"H_",0)>-1) ObjectDelete(name);

if (StringFind(name,"f_",0)>-1) ObjectDelete(name);

if (StringFind(name,"fib",0)>-1) ObjectDelete(name);

if (StringFind(name,"trend",0)>-1) ObjectDelete(name);

WindowRedraw();

}

}

 

 

void CalcFibo()

{

 

DeleteAllObjects();

 

int lowest_bar = iLowest(NULL,0,MODE_LOW,BarsBack,StartBar);

int highest_bar = iHighest(NULL,0,MODE_HIGH,BarsBack,StartBar);

 

double higher_point = 0;

double lower_point = 0;

higher_point=High[highest_bar];

lower_point=Low[lowest_bar];

 

if(DrawVerticalLines) DrawVerticalLine("V_UPPER",highest_bar,Blue);

if(DrawVerticalLines) DrawVerticalLine("V_LOWER",lowest_bar,Blue);

 

int i = 0;

 

if(Higher_To_Lower)

{

for(i = 0; i < 500; i++)

{

f_1 = higher_point;

f_2 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.236,Digits);

f_3 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.382,Digits);

f_4 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.5,Digits);

f_5 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.618,Digits);

f_6 = NormalizeDouble(lower_point+(higher_point-lower_point)*1.618,Digits);

f_7 = lower_point;

}

ObjectCreate("fib",OBJ_FIBO,0,0,higher_point,0,lower_point);

ObjectCreate("trend",OBJ_TREND,0,Time[highest_bar],higher_point,Time[lowest_bar],lower_point);

ObjectSet("trend",OBJPROP_STYLE,STYLE_DOT);

ObjectSet("trend",OBJPROP_RAY,false);

}

else

{

for(i = 0; i < 500; i++)

{

f_7 = higher_point;

f_6 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.236,Digits);

f_5 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.382,Digits);

f_4 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.5,Digits);

f_3 = NormalizeDouble(lower_point+(higher_point-lower_point)*0.618,Digits);

f_2 = NormalizeDouble(lower_point+(higher_point-lower_point)*1.618,Digits);

f_1 = lower_point;

}

DeleteAllObjects();

ObjectCreate("fib",OBJ_FIBO,0,0,lower_point,0,higher_point);

ObjectCreate("trend",OBJ_TREND,0,Time[lowest_bar],lower_point,Time[highest_bar],higher_point);

ObjectSet("trend",OBJPROP_STYLE,STYLE_DOT);

ObjectSet("trend",OBJPROP_RAY,false);

}

 

 

}

 

void DrawVerticalLine(string name , int bar , color clr)

{

if(ObjectFind(name)==false)

{

ObjectCreate(name,OBJ_VLINE,0,Time[bar],0);

ObjectSet(name,OBJPROP_COLOR,clr);

ObjectSet(name,OBJPROP_WIDTH,2);

WindowRedraw();

}

else

{

ObjectDelete(name);

ObjectCreate(name,OBJ_VLINE,0,Time[bar],0);

ObjectSet(name,OBJPROP_COLOR,clr);

ObjectSet(name,OBJPROP_WIDTH,2);

WindowRedraw();

}

 

}

 

 

 

int deinit()

{

DeleteAllObjects();

return (0);

}

 

int init()

{

DeleteAllObjects();

SetIndexBuffer(0,f_1);

SetIndexBuffer(1,f_2);

SetIndexBuffer(2,f_3);

SetIndexBuffer(3,f_4);

SetIndexBuffer(4,f_5);

SetIndexBuffer(5,f_6);

SetIndexBuffer(6,f_7);

return(0);

}

 

 

int start()

{

CalcFibo();

return(0);

}

Share this post


Link to post
Share on other sites

Fibo

EasyLanguage code for Fibonacci Retracement

 

not exactly what you are looking for... but it is something you can work on.

 

if someone knows the author, please post his credit here.

 

9754d1237020355-automatic-fibonacci-retracement-fibo.gif

.

Fibo_.txt

FIBO.gif.8b23265d3fed1c6de2fda77b0129a17f.gif

Edited by Tams

Share this post


Link to post
Share on other sites

Thank you Tams

 

not exactly but This is a really interesting coding indicator.

 

It works like the price channel, one of my preferate indicator.

 

I'm looking for something like this

rtrace.jpg.16698a989c49f69fcdff40f86a5bc3e0.jpg

Share this post


Link to post
Share on other sites
Thank you Tams

not exactly but This is a really interesting coding indicator.

It works like the price channel, one of my preferate indicator.

I'm looking for something like this

 

with some tweaking, you can modify the code to do what you want.

 

I am busy in the next 2 weeks, if I have some time in April, I will take a look at it for you.

Edited by Tams

Share this post


Link to post
Share on other sites

You are kind...

 

It looks great with the extension of the lignes without the old one

 

I was looking at your indicators

 

Your zigzag, price action etc are a good job

 

ThanX a lot

Share this post


Link to post
Share on other sites

I have problems with the numbers

 

Most of the time there are invisible

 

In 5 mn they appears sometimes

 

Is there an other way to code the numbers like in the pivots ?

 

variables:

 

right.time(0),

id.text.Dynamic_R(-1);

 

right.time = DateTime2ELTime( getappinfo(airightdispdatetime));

 

if currentbar = 1 then

begin

id.text.Dynamic_R = text_new( d, right.time, Dynamic_R, text(Dynamic_R));

end;

 

text_setstring(id.tl.Dynamic_R, text(Dynamic_R));

text_setlocation(id.tl.Dynamic_R, d, right.time, Dynamic_R);

Share this post


Link to post
Share on other sites

Also

 

I'd like to have the lignes in the empty right side of the chart

 

So if Right margin = 8

 

Dash.length( 8 ),

 

Well sometimes I have no lignes and when I put a nber like 66 I have them and after a while they desappear

 

The code looks great anyway

Share this post


Link to post
Share on other sites

the code should work in minute charts.

 

the lines and texts will behave erratically in non-minute charts.

(ie. tick, second, or daily charts)

Share this post


Link to post
Share on other sites

Thanx Tams for your answer

 

I use it in minute chart=

 

1

5

15

60

240

 

and it is erratic...

 

If I enter 8 (Right margin = 8)

 

it is only a dot or 3 bars long ligne

 

Then I change in ex 44

 

I have a long line

 

Then I change back to 8 and I have a 8 bars ligne

 

I can manage it but the main problem is that I have no number at all

Share this post


Link to post
Share on other sites

Here is the code I use

 

//----------------------------------------------------------------

// show number

//----------------------------------------------------------------

 

//----------------------------------------------------------------

variables:

//----------------------------------------------------------------

 

id.text.Dynamic_R(-1),

id.text.xFib0.764(-1),

id.text.xFib0.618(-1),

id.text.xFib0.500(-1),

id.text.xFib0.382(-1),

id.text.xFib0.236(-1),

id.text.Dynamic_S(-1);

 

if Show.number <> 0 then

begin

 

if currentbar = 1 then

begin

 

id.text.Dynamic_R = text_new( d, right.time, Dynamic_R, text(Dynamic_R));

id.text.xFib0.764 = text_new( d, right.time, xFib0.764, text(xFib0.764));

id.text.xFib0.618 = text_new( d, right.time, xFib0.618, text(xFib0.618));

id.text.xFib0.500 = text_new( d, right.time, xFib0.500, text(xFib0.500));

id.text.xFib0.382 = text_new( d, right.time, xFib0.382, text(xFib0.382));

id.text.xFib0.236 = text_new( d, right.time, xFib0.236, text(xFib0.236));

id.text.Dynamic_S = text_new( d, right.time, Dynamic_S, text(Dynamic_S));

 

 

text_setSize(id.text.Dynamic_R, NbreSize);

text_setSize(id.text.xFib0.764, NbreSize);

text_setSize(id.text.xFib0.618, NbreSize);

text_setSize(id.text.xFib0.500, NbreSize);

text_setSize(id.text.xFib0.382, NbreSize);

text_setSize(id.text.xFib0.236, NbreSize);

text_setSize(id.text.Dynamic_S, NbreSize);

 

text_setcolor(id.text.Dynamic_R, NbreColor );

text_setcolor(id.text.xFib0.764, NbreColor );

text_setcolor(id.text.xFib0.618, NbreColor );

text_setcolor(id.text.xFib0.500, NbreColor );

text_setcolor(id.text.xFib0.382, NbreColor );

text_setcolor(id.text.xFib0.236, NbreColor );

text_setcolor(id.text.Dynamic_S, NbreColor );

 

text_setstyle(id.text.Dynamic_R, 1,1 );

text_setstyle(id.text.xFib0.764, 1,1 );

text_setstyle(id.text.xFib0.618, 1,1 );

text_setstyle(id.text.xFib0.500, 1,1 );

text_setstyle(id.text.xFib0.382, 1,1 );

text_setstyle(id.text.xFib0.236, 1,1 );

text_setstyle(id.text.Dynamic_S, 1,1 );

 

end;

 

text_setstring(id.tl.Dynamic_R, text(Dynamic_R));

text_setstring(id.tl.xFib0.764, text(xFib0.764));

text_setstring(id.tl.xFib0.618, text(xFib0.618));

text_setstring(id.tl.xFib0.500, text(xFib0.500));

text_setstring(id.tl.xFib0.382, text(xFib0.382));

text_setstring(id.tl.xFib0.236, text(xFib0.236));

text_setstring(id.tl.Dynamic_S, text(Dynamic_S));

 

text_setlocation(id.tl.Dynamic_R, d, right.time, Dynamic_R);

text_setlocation(id.tl.xFib0.764, d, right.time, xFib0.764);

text_setlocation(id.tl.xFib0.618, d, right.time, xFib0.618);

text_setlocation(id.tl.xFib0.500, d, right.time, xFib0.500);

text_setlocation(id.tl.xFib0.382, d, right.time, xFib0.382);

text_setlocation(id.tl.xFib0.236, d, right.time, xFib0.236);

text_setlocation(id.tl.Dynamic_S, d, right.time, Dynamic_S);

 

end;

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 17th September 2020.The Guppy dips to 135.00, having stalled at 136.00.GBPJPY, Daily Both the UK and Japan are in the middle of political upheavals, (the Brexit Trade talks and Internal Market Bill on one side and the handover from one political dynasty to his trusted lieutenant on the other. Earlier today we had the BOJ signalling No Change to current policy as the new PM Suga completes his first few days in the role. The BOE has just published their statement¹ and minutes from their latest meeting, and again it’s no change across the board, (excuse the pun), although the spectre of negative interest rates in the UK is more firmly “in the toolbox” than ever before. The BOE continues to negotiate the tricky ground around monetary policy with the backdrop of deteriorating UK-EU relations and the likelihood of PM Johnson overseeing a very limited trade deal with the EU, if one is agreed at all. The Brexit endgame showdown is very much “in-play”.BOE highlights include – “stands ready to adjust monetary policy”, and to“keep under review the range of actions” – taken as a nod to possible negative rates next year with the statement that the MPC has been briefed on the BoE’s plans to explore how a negative bank rate could be implemented effectively. It also “does not intend to tighten monetary policy until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably.”Cable continues to rotate around 1.2900 today, whilst EURGBP jumped from 0.9090 to 0.9150 and GBPJPY plunged to 135.00 a level not seen since July 20, some 42 trading days ago.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • a (probably temporary) bout of sanity https://www.zerohedge.com/political/premier-league-soccer-abandons-blm-political-movement     ie  blm  Yes BLM No
    • https://drmalcolmkendrick.org/2020/09/04/covid-why-terminology-really-matters/
    • "I use the word derealization to describe the inner disconnect between what we experience and what the propaganda / marketing complex we live in tells us we should be experiencing. Put another way: our lived experience is derealized (dismissed as not real) by official spin and propaganda." http://charleshughsmith.blogspot.com/2020/09/the-four-ds-that-define-future.html
    • Date : 16th September 2020.FX Update September 16 – A weaker USD ahead of the FED.EURUSD has rallied by just over 50 pips from the intraday low in posting a high at 1.1882. This swings yesterday’s six-day peak at 1.1901 back into scope. Dollar weakness is driving the move, which is being facilitated by strong gains in Cable (0.6%) and in the AUDUSD and NZDUSD (both 0.5%). USDJPY touched the key psychological 105.00, S2 and new seven-week low from a pivot yesterday at 105.50 and highs last week of 106.38.Regarding the FOMC, no changes are expected in policy, and while the central bank will likely present upward revisions to US economic projections, the recently codified lower-for-longer monetary policy regime is driving a bearish dollar sentiment. The Dollar is also correlating inversely with global stock markets. These factors appear to be outweighing recent ECB signalling about its concerns about euro strength, which partly counterbalances the easing measures implemented earlier in the year. The Pound has rallied to six-day highs against both the Dollar and Euro.Cable‘s high is 1.2976. The gains in the UK currency have been concurrent with market narratives showing a measure of incredulity about the UK government’s insistence that it is serious about its threat to leave the EU’s single market at year-end without a new trade deal, given the massive near-term disruptive impact it would have on the economy and the divisions appearing within the Conservative Party and among UK nations. Even though the controversial Internal Market Bill sailed through the House of Commons, the proposed legislation is likely to have a tougher time in the House of Lords, and in any case there are suspicions that the legislation is merely a gambit of PM Johnson and his cabinet to up the ante and strengthen their negotiating position into the final weeks of talks. This fits with expectations that a more practical attitude will be seen in trade negotiations once state leaders become directly involved in the run-in to the October 15th-16th EU summit. This backdrop has lessened the bearish conviction markets have with regard to the Pound.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.