We provide the Free and Paid Forex price prediction for day trading. This short article will provide the some guide on how to use these price prediction for your winning trading. First of all, anyone can access the free Forex market prediction from the link below.
In the prediction page above, you will find a prediction table with some columns. The table will show you what is the latest status of the market + it will also tell what is the chance that the market can make a turning point.
The simplest way to visualize this prediction on your chart is just to draw a price swing (or latest price movement) in your chart. In doing so, we provide two coordinates of price and time.
Coordinate 1 for your chart: price at swing left end and time at swing left end
Coordinate 2 for your chart: price at swing right end and time at swing right end
Then just follow these three steps to use the predictions in your own chart.
Step 1: Open a chart with the same timeframe in the prediction table
Step 2: Draw a line from the swing left end to swing right end using the two coordinates
Step 3: Interpret the probability and use them for your trading
That is it. It is extremely simple to apply these prediction for your trading. You can apply these prediction as long as you have an access to a financial chart, for example, using MetaTrader, Trading View, Ninja Trader and so on. To help your understanding even better, we put the three steps in the attached screenshot.
There is even easier way to do this if the above two steps are too much for you. For example, when you do not have an access to charting platform, you can use the Swing size and Swing age to recognize the turning point probability in your head. The swing size and swing age look like this along with the turning point probability in price and time if we were applying it in EURUSD H1 chart as shown below.
You can visit below link to find out more about how to use swing size and swing age.
Now we will talk about the interpreting because at this interpreting stage, you will actual make buy and sell trading decision. First of all, these predictions is not meant to be used alone except the case of the pure statistical arbitrage in its extreme probability. Normally, the prediction can yield better results when they are combined with the technical indicators, price patterns, fundamental analysis and so on.
The prediction can be used with all sort of trading strategies like breakout trading, trend following, reversal trading, news trading and so on. To apply the prediction for your trading, you need to understand three important points.
Point 1: In low probability area, the price have a better chance to continue in the same direction in the current price swing.
Point 2: In high probability area, the price have a better chance to reverse (i.e. make the turning point)
Point 3: Statistical arbitrage only should be used when price hit extreme probability.
Start with Price probability first. Using the time probability is optional although the time probability can provide some additional information on top of price probability in many cases.
For example, if you are trying to apply a breakout trading or trend following strategy, then it is better to look for these opportunities with the price probability below 50%. Likewise, if you are trying to apply reversal trading strategy or try to pick up the turning point, then it is better to look for these opportunity with the price probability above 70%. This will improve the accuracy of your trading in long run.
It is even possible to take some statistical arbitrage opportunity because the predictions are based on the probability. Some possible idea might be taking the breakout opportunity at extremely low probability like 10% or below. Likewise, when extremely high probability over 95%, you might be able to take the reversal position. Statistical arbitrage is harder than normal trading because you need to understand both statistics and trading domains. In addition, you need to be really fast with statistical arbitrage. Hence, we only recommend to use the statistical arbitrage if you are sufficiently disciplined in both area. For your information, Age of Swing column shows the number of candle bars from the latest highest high or lowest low to current candle bar in the chart.
For rest, we recommend to use these predictions with breakout trading, trend following, reversal trading or fundamental trading. Even then, some people might be better with one strategy than the other. For example, you might be better at breakout trading than reversal trading and vise versa. Hence, pick the strategy that suits best for you. To understand the strategy with the prediction better, you can visit our trading education page below.
If you are a stock market trader, then we also provide the market prediction software for free from below link. This market prediction software is compatible with Forex market too. Hence, even if you are a Forex trader, you can still use.
We provide the free prediction service on H1 Chart Data, free prediction software and other free MetaTrader products. Make sure to support us by leaving some good and positive reviews on our Products and Books on the internet. Please share this Forex Market Prediction with your friends and colleagues on SNS. So we can return more to people.
If you want to access the premium version of these predictions for your trading, then you can use our Fractal Pattern Scanner either in MetaTrader or Optimum Chart. In Fractal Pattern Scanner, you will be able to access all these prediction across all timeframe. It will also utilize the more sophisticated algorithm to recommend you either for breakout or reversal trading opportunity.
Below is the landing page for Fractal Pattern Scanner in MetaTrader version.
Below is the landing page for Optimum Chart. Optimum Chart is all in one solution. It contains Fractal Pattern Scanner + Pairs Trading Scanner + Harmonic Pattern Scanner + many other powerful trading signal scanner in just one product. There is no need for you to chase bits and pieces with Optimum Chart.