Screening For Setups
Each day (Mon-Fri) a large number of Forex markets, Indexes, USA and UK Equities along with Gold, Silver, Platinum and Copper are screened for a setup and then the most promising charts selected for a potential intraday entry. The charts show the high, low and close bars for the last 30 days along with trend lines, support and resistance lines, trading zone levels and a comment on the expected direction towards support or resistance.
Example of a signal setup chart:
The charts show the H:L:C bars for the last 30 days.
Short term bullish trend lines are shown as a green line under the daily HLC bars.
Short term bearish trend lines are shown as a red line above the daily HLC bars.
Support and Resistance Levels:
Support and Resistance levels for the next trading day are shown on the right hand side of the chart.
Trading Zone Levels:
Trading Zone Levels (dashed lines) for the next trading day are shown on the left hand side of the chart.
Intraday Entry from a daily Signal Setups Chart:
For intraday entry, an intraday chart must be examined.
It is recommended to look at an intraday chart on a one hour time frame to establish a good risk reward entry point, stop loss and target in a market.
Trading View is an excellent site for intraday charts and information.
Breaking News and Fundamental Analysis:
It is important to be aware to breaking news and any fundamental analysis that may effect the markets. Breaking news may also be followed with a sudden reversal in trend.
Forex Factory is an excellent site that has an economic calendar and news.
The above information is the output of algorithms on price alone. It is not to be taken as investment or trading advice and must be viewed together with fundamental analysis and breaking news. Past performance is not indicative of future results.
Every effort has been taken to present the correct information, however, neither Price Dynamics Ltd nor its staff are liable to any error that may occur