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Weekly Forex Technical Analysis (Jun 11 — Jun 15)

June 9, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1481 1.1567 1.1668 1.1754 1.1855 1.1941 1.2042

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1571 1.1676 1.1758 1.1863

EUR/USD Drops on Eurozone Data, Trims Losses Later

June 8, 2018

EUR/USD fell today on poor macroeconomic releases in the eurozone and concerns about potential outcome of the upcoming Group of Seven meeting, though the currency pair has managed to reduce its losses by now. As for US releases, the data was not impressive either.

Wholesale inventories rose 0.1% in April. Experts had expected …

EUR/USD Rallies After Hawkish Comments from ECB Officials

June 6, 2018

EUR/USD rallied today after European Central Bank chief economist Peter Praet said that the next week’s policy meeting will be a “judgment” call for the quantitative easing program. Some experts interpreted the words as a sign that the ECB will decide next week the date of a QE end sometime later …

EUR/USD Slips After US Services Data

June 5, 2018

EUR/USD fell today, changing its direction for the third day in a row. Some market analysts predicted that the currency pair will be trading in a range in a near future as the most important fundamentals, like geopolitical risks and monetary policy, are already priced in. Meanwhile, both reports about the US service …

[Poll] Best Winning Streak

June 4, 2018

Talking about the worst streak of Forex losses can be painful, but we learn important lessons from them. Although diverting too much of your attention to the biggest winning streaks might seem unnecessary. Additionally, focusing too much on your winning streaks can impair your judgement …

Weekly Forex Technical Analysis (Jun 4 — Jun 8)

June 2, 2018

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1318 1.1414 1.1537 1.1633 1.1755 1.1851 1.1974

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1421 1.1550 1.1639 1.1769

EUR/USD Rallies as Employment Data Exceeds Expectations

June 1, 2018

EUR/USD rallied today even though trade wars between the United States and their trading partners have started. Yet macroeconomic data in the United States overshadowed other news. Almost all indicators released today were very solid. The employment report drew the most attention from traders as basically all …

EUR/USD Volatile amid Geopolitical Uncertainty

May 31, 2018 (Last updated on June 2, 2018)

EUR/USD was rather volatile today, attempting to rally intraday but trading near opening level now, as traders were digesting news about political turmoil in Europe and reports that the United States will implement the postponed tariffs on goods from its closest allies as the exemption from the duties will expire …

EUR/USD Recovers As Political Concerns Ease

May 30, 2018

EUR/USD was falling at the start of the Wednesday’s trading session, but managed to halt the decline, and is now rallying. The reason for the rally was the fact that fears associated with the political turmoil in Italy waned. Instead, there were hopes for a new government that will not be biased against the euro. Meanwhile, …

EUR/USD Falls to New Lows amid Europe’s Political Turmoil

May 29, 2018

EUR/USD fell today, extending yesterday’s decline and touching new lows for the year, amid ongoing political crisis in Europe. The decent macroeconomic reports released in the United States over the current trading session added to the downward momentum of the currency pair.

S&P/Case-Shiller home price index rose 6.8% in March, year-on-year, the same …

New Market Profile Indicator — Focus on Stability and Performance

May 28, 2018

Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever:

    Smart color calculation prevents “overflows”, making the color of the profile’s blocks change smoothly and gradually.

New Position Size Calculator: SL and TP Which Follow Entry Line and Are Set in Pips

May 18, 2018

The newest version (2.14) the Position Size Calculator indicator, which is released today, introduces a new way to set stop-loss and take-profit for your potential trade setups. You can set the new input parameters UseFixedSLDistance and UseFixedTPDistance to true to turn this new mode on:

The example …

Display Market Profile for Intraday Sessions in MetaTrader

February 6, 2018

Two years ago, I have added the capability for a Market Profile indicator to work with weekly and monthly trading sessions. One of the members of our Forum suggested adding customizable intraday sessions to Market Profile. Considering the fact that quite a few Forex traders use Market Profile for analysis, …

Profile Persistence and Pip Value Display in Position Size Calculator

August 25, 2017

Today’s update to the Position Size Calculator indicator is not as big and significant as the last one, but I am sure the version 2.08 will be interesting to many traders.

Platform profile change will no long disrupt your panel location, minimization status, and settings:

Pip value

Spread Display and Take-Profit Multiplier in Position Size Calculator

July 24, 2017

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug.

Take-profit button multiplier (set via input parameter) can be …

Free Order Management EA with a Graphic Control Panel

February 6, 2017

I remember myself during my early Forex years, sitting on a bunch of positions across five or six currency pairs and thinking — how do I make them all close at once when their total profit reaches my target? Now, I have developed a tool that does exactly that. I am pleased to announce the launch …

PSC Panel Scaling for High-DPI Displays

December 21, 2016

MetaQuotes has spurred my development process, forcing me to release the next version of the Position Size Calculator indicator much faster than I had intended to. Their latest changes to both MT4 and MT5 platforms prevented compilation of the PSC source code due to new way the string variables must be …

New: See Swaps Info, Control Trading Script via PSC Panel

November 11, 2016 (Last updated on January 25, 2018) 1 Comment

It is time to release another version of Position Size Calculator indicator. It has some important bugs fixed and also adds new exciting features, including two new tabs. The complete list of changes is provided below.

    The Balance button on the Main tab now has a third

Major Fixing of Position Size Calculator + Symbol Leverage Display

September 20, 2016 2 Comments

I have uploaded a new version of Position Size Calculator indicator for MetaTrader today. It addresses several issues mentioned in the forums and in support messages and provides better usability. Here is the list of changes:

    Calculated symbol Leverage is now visible in the Margin tab of the panel. Fixed a bug that

MetaTrader Panel for Position Size Calculator

September 7, 2016 (Last updated on February 5, 2017) 7 Comments

In February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 …