|Gold technical chart|
Saturday, December 25, 2010
Sunday, December 19, 2010
|AIG technical chart|
Thursday, December 16, 2010
Friday, December 10, 2010
|EURUSD technical chart|
I've plotted Doda-Donchian and Ichimoku indicators in above chart. Just look at Kumo in the chart. The bottom line is flat. As explained in many of my previous posts, flat lines will always ATTRACT price. So, in this case, chart suggests that price will come down in coming days. So, avoid any long position till the price closes above kumo i.e. 1.33017 and confirmed by Doda-Donchian.
Tuesday, December 7, 2010
|EURUSD H4 technical chart using doda-donchian 2|
- Instead of dotted red-line, I've used solid blue line. Red color has been used elsewhere.
- Shows all the information on top-right corner of the screen instead of bottom-right. This will not interfere with your chart on the screen.
- Another feature I've added in this version is support and resistance lines (dotted red and green lines on screen) with their value on top-right. These values are based on pivot points and Fibonacci levels. If the price crosses Resistance 1, there are strong chances, it will move till Resistance 2. Similarly, if the price fails to get support at Support 1, it's next target will be Support 2.
Just right-click on the following link and choose Save File As or Save Target As...
Download ver 2.0 from here
Please share your feedback on this in comments section below.
Tuesday, November 30, 2010
Sunday, November 28, 2010
Let's analyze the technical chart of EURUSD as on 27 Nov 2010 using Doda-Donchian indicator. I've used Doda-Donchian ver 2.0 here. I'm still coding it for further improvements. Once finalized, I'll share the MetaTrader MQL indicator with you here. Just keep in touch and subscribe to newsletter.
Without going into analyzing number of lines, retracements, support and resistance, this indicator gives buy and sell signals from a single line. If the prices CLOSES below the red line, take short position, and if the price CLOSES above the red line, take long position.
I'm emphazing on CLOSING of the price and not just movement of price above or below the red line.
Secondly, this indicator gives best results on longer time frame like H4. Those who think they can make money only in M15 or M30 timeframe, just open your mind and see the above chart.
Doda-Donchian indicator gave Sell signal on 23-Nov-2010 @1.35853 and it started its downward journey from there, giving a profit of 345 pips in a matter of 4 days. Not bad at all. :-)
Got any doubts, just mention in comments section below & please give your feedback also. Thanks
Wednesday, November 24, 2010
|EURUSD Technical Chart|
Friday, November 19, 2010
|Nifty weekly technical chart|
Thursday, November 18, 2010
- Use higher time frame like H4. It works best there.
- It happens many times that price kisses Doda-Donchian line, so it may triggers your stop-loss. So, place your stop loss few pips above / below this line.
- Even if price moves above or below, that does not make any sense for change of signals. The candle MUST close above / below for confirmation.
Download Doda-Donchian MQL4 source code file
Download Doda-Donchian compiled file
Friday, November 12, 2010
Thursday, October 28, 2010
Tuesday, October 26, 2010
Secondly, see future kumo. The bottom line of future kumo is also flat. That means, price should come down in future.
Sunday, October 17, 2010
Here is the daily technical chart of EURNZD. I've put Ichimoku, Donchian Channel (Dotted blue line) and Aroon indicators. Dark blue line is Kijun-Sen of Ichimoku.
|EURNZD daily technical chart - ichimoku|
Let is first see the daily chart of Nifty.
|Nifty Daily chart - Ichimoku|
Friday, October 1, 2010
Wednesday, September 29, 2010
Let's find out what's that & why silver is trading at all time high.
Tuesday, September 28, 2010
|EURUSD 4H Technical chart using Ichimoku|
Sunday, September 26, 2010
On 18th June 2010, Tenkan Sen crosses Kijun Sen below Kumo. Since the cross was "Below" kumo, it was a weak bullish signal. Result: Price faces resistance & can not cross kumo.
On 28th June 2010, it gave Kumo breakout as prices manages to close above kumo at 1325.54 but Chikou Span (CS) was below Kumo. In fact, price came below Kijun Sen but finds support on Kumo.
On 6th July 2010, price managed to close above Kijun Sen & around 14th July Chikou Span(CS) also managed to close above Kumo. That was the golden chance.
Whenever, price & CS closes above kumo, just buy that stock & put a stop loss of Kumo.
Result: Strong bull run & it reached the high of 1479 also.
Book your profit when price will close below kijun sen & take short position when price & CS closes below Kumo.
Thursday, September 23, 2010
We're taking the technical chart of RIL using Ichimoku indicator.
Saturday, September 18, 2010
Friday, September 17, 2010
Based on the feedback and some pending features, I'm releasing Doda-Donchian version 2.0 today. Showing sample chart of EURUSD on ti...
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