Forex USD-JPY , GBP - JPY

2008-11-02T09:01:00.000-08:00

http://www.fxstreet.com/rates-charts/
currencies-glance/pair.aspx?id=USD/JPY

http://www.forexfactory.com/
showthread.php?t=43221&highlight=Semi+Martingale

FX Engines, Inc.
The world leader in automated forex trading.
For more information and
a 15-day free trial, visit:
www.fxengines.com
The Forex Report – DATA BRIEF
AUGUST 2004
When to Trade
By Scott Owens with Omer Lizotte
One of the key elements of any trading system is market timing. Many traders fail to account for timing when making trading decisions, and those who do often rely on their instinct of market timing rather than empirical data. The sophisticated investor uses advanced timing techniques to optimize market entry and exit.
ANALYSIS
• Hour: Which hours of the day will produce the best trades?
• Session: Which trading session has the most action?
• Day: What is the range for particular days of the week?
• Month: Do the days of the month differ?
ACTION
• Correlate your engines to optimal trading ranges
• Test your engines according to a specific entry schedule
RELATED MATERIAL
Test-drive FX Engines for free online at www.fxengines.com to see the power of system building, system testing, and system automation.
ABOUT THIS REPORT
The Forex Report is a periodic publication that investigates advanced strategies for superior trading performance in the foreign exchange markets. These reports utilize advanced statistical and econometric modeling techniques to create new insight into the trading strategy of the average trader. This Data Brief, When to Trade, is intended for all audiences, including those new to the forex market.
To learn more about The Forex Report or to register for delivery of all future reports by email, including Case Studies & Data Briefs, please visit www.fxengines.com.
The Forex Report August 2004
ANALYSIS
When to trade? We wanted to be sure ourselves, so we took 4 years of historical tic data from a dealer and ran it through a rigorous econometric analysis. The most basic results of that analysis show the importance of understanding and employing timing in your entry and exit decisions.
WHEN TO TRADE: Hours of the Day
Average range in pips for the four majors, Eastern Time:
HOUR
EUR/USD
GBP/USD
USD/CHF
USD/JPY
12 AM
10
11
15
14
1 AM
13
15
20
15
2 AM
21
25
30
20
3 AM
23
29
34
21
4 AM
20
27
29
20
5 AM
17
25
26
18
6 AM
17
24
26
18
7 AM
18
24
27
19
8 AM
26
31
39
25
9 AM
24
29
36
23
10 AM
30
34
45
26
11 AM
24
29
36
22
12 PM
20
25
31
19
1 PM
16
19
25
15
2 PM
16
18
24
15
3 PM
12
15
19
12
4 PM
9
11
14
10
5 PM
9
9
12
9
6 PM
8
9
12
11
7 PM
10
11
15
15
8 PM
11
11
16
17
9 PM
10
10
14
15
10 PM
10
12
16
13
11 PM
8
9
11
11
© 2004. FX Engines, Inc. Reproduction or modification prohibited. For more information or a free subscription visit www.fxengines.com.
The Forex Report August 2004
WHEN TO TRADE: Trading Session
Average range in pips for the four majors:
Session
EUR/USD
GBP/USD
USD/CHF
USD/JPY
Australia
65
77
99
66
Japan
66
79
100
66
UK - London
80
99
121
74
USA - New York
67
78
101
60
WHEN TO TRADE: Day of the Week
Average range in pips for the four majors:
Day of Week
EUR/USD
GBP/USD
USD/CHF
USD/JPY
Sunday
24
31
36
25
Monday
92
110
141
95
Tuesday
102
128
162
104
Wednesday
101
123
158
106
Thursday
83
98
121
77
Friday
80
96
117
72
WHEN TO TRADE: Day of the Month
Average range in pips for the four majors:
Day
EUR/USD
GBP/USD
USD/CHF
USD/JPY
1
70
83
107
67
2
89
108
128
82
3
91
103
140
73
4
78
78
112
76
5
95
109
136
96
6
96
112
148
90
7
77
93
109
84
8
84
105
119
75
9
81
113
117
86
10
76
87
117
79
11
68
85
126
69
12
76
78
110
66
13
82
97
128
83
14
66
100
107
80
15
80
95
123
81 © 2004. FX Engines, Inc. Reproduction or modification prohibited. For more information or a free subscription visit www.fxengines.com.
The Forex Report August 2004
Day
EUR/USD
GBP/USD
USD/CHF
USD/JPY
16
86
97
121
78
17
88
111
129
86
18
83
103
118
78
19
86
105
133
97
20
85
111
124
87
21
76
108
115
86
22
86
97
129
79
23
87
103
130
84
24
89
105
140
78
25
65
85
107
61
26
77
101
134
81
27
73
90
123
76
28
72
89
110
68
29
80
92
111
80
30
75
91
124
85
31
80
90
125
79
IN-DEPTH STUDIES
More advanced results from this study will be available in later Reports, Case Studies, and Data Briefs. Register at FX Engines for free to receive these future reports.
RELATED MATERIAL
For more information on “When to Trade” see The Forex Report: The Six Forces of Forex, at www.fxengines.com.
© 2004. FX Engines, Inc. Reproduction or modification prohibited. For more information or a free subscription visit www.fxengines.com.
The Forex Report August 2004
ACTION
Create trading systems that are timing-intelligent, test them, and roll them out into live trading. FX Engines’ entry schedule tool gives you fine control over the entry of your trades, and allows you to use sophisticated trailing exits, fixed exits, limit exits, and/or exit signals to manage your exits.
Once you’ve created your engine with timing intelligence, begin historical and live tests. FX Engines will be offering live trading through a leading dealer shortly, so get started testing today with our Free Trial and be ready for our live trading launch, coming soon.
© 2004. FX Engines, Inc. Reproduction or modification prohibited. For more information or a free subscription visit www.fxengines.com.
The Forex Report August 2004
MORE INFORMATION
For more information about The Forex Report, visit www.fxengines.com or email info@fxengines.com. The Forex Report is available for distribution on third party websites as a co-branded offering. Contact us for more information.
THE FOREX REPORT
Analyzing statistical, econometric, and behavioral trends in the foreign exchange markets for insight into the optimal use of the FX Engines automated trading platform.
The information contained in this report is represented without warranty or any statement of its veracity. The contents of this report are intended to stimulate thinking on issues related to trading forex. This report does not suggest any particular action that could be utilized in live trading for profit or loss.
I can put it no better than Hoffer, who deferred to Montaigne:
“All I say is by way of discourse, and nothing by way of advice. I should not speak so boldly if it were my due to be believed.”
© 2004. FX Engines, Inc. Reproduction or modification prohibited. For more information or a free subscription visit www.fxengines.com.

http://myforexstrategy.blogspot.com

2008-10-22T18:13:00.000-07:00

http://myforexstrategy.blogspot.com/2008/03/ea-fxtradepro-my-2nd-portfolio.html

http://www.forexfactory.com/showthread.php?t=43221&highlight=Semi+Martingale

EA FXTradePro : My 2nd Portfolio
Monday, March 10, 2008

Have you ever read FXTrade Pro's trading strategy at ForexFactory.com? His strategy uses semi martingale lots which is good if you know how to use it. Why we call it semi martingale? Because calculation of the next lots is different from original martingale. In original version, we are doubling the next lots from the previous one. But in FXTrade Pro's strategy, we are not doing the same thing but are still growing the next lots based at our calculations.

Here is the progression of the next lots :

So, what is the main strategy? His strategy uses TakeProfit = 40 and StopLoss = 10 in every sequence with the progression lots. For example, we buy 0.1 lots Eur/Usd at 1.3500 with TP=40 pips and SL=10 pips. This is first sequence. Then our SL is hit. We open the next sequence which is sell 0.1 lots Eur/Usd at 1.3490 with same TP and SL. If our SL is hit once again, we open the next sequence. For better explanation, you can check the picture below.

This simple strategy is very useful if we can combine with other strategy such as break out eagle. We can use our own progression lots depend on our risk ratio and equity. For this purpose, please find the lots calculator in xls format at the link below.

Hint : Use this strategy at brokers company which give you ability to put thin Stop Loss and high leverage margin. (Remember, not all brokers permit us to put SL for 10 pips)

For this strategy, FXTrade Pro already developed an Expert Advisor but it is not free. That's the reason why he was banned from Forex Factory's Forum. Fortunately for my blog's reader, I develop an EA based at his strategy, too. Actually, I develop this EA based at my friend's request, Mr. Duyduy. You can have it for free but use it at your own risk. Please try this strategy and EA at demo first before attach it at live trading.
Remember, this EA is semi automatic. There are two ways to use it.

1. You can use it as soon as you activate / attach the EA to the chart
2. Or you can input the price which you want the EA to start trading.

Please find this parameter at the EA's properties.

Don't forget to visit my blog in other time because I still have some interesting Expert Advisor for you all. Thanks for reading my words.

Download the calculator to count the progression lots : here

Download the Expert Advisor for free : here

Digg this

Posted by Aryana 10:32 AM

Labels: Expert Advisor, Forex System, Portfolio

11 comments:

At March 16, 2008 9:57 AM abi said...

Hi, bro...

It's interesting to see this strategy, though a long whipsaw or flat ranging market may suffer you for a pain of lose. Anyway I'll try to play with it once my VPS server is ready.

Please explain the setting and pair to trade with this EA.

And speaking of strategy, I have another strategy I've read that might make you interested to convert it into an EA.

133 Winning Forex Tips

2008-10-21T19:37:00.000-07:00

1. Learn the basics of forex trading. It’s amazing how many people simply don’t know what they’re doing. In order to compete at the highest level in the trading business and be one of the few truly successful participants you must be well-educated about what you are doing. This does not mean having a degree from a well-respected university – the market doesn’t care where you were educated.

2. Forex trading is a zero sum game. For every long there is also a short. If 80% of the traders are on the long side ,then the remaining 20% are on the short side. This means further that the shorts must be well capitalized and are considered to be strong hands. The 80%, who are holding much smaller positions per trader, are considered to be weaker hands who will be forced to liquidate those longs on any sudden turn in prices.

3. Nobody is bigger than the market.

4. The challenge is not to be the market, but to read the market. Riding the wave is much more rewarding than being hit by it.

5. Trade with the trends, rather than trying to pick tops and bottoms.

6. Trying to pick tops and bottoms is another common fx trading mistake. If you’re going to trade tops and bottoms, at least wait until the price action actually confirms that a top or a bottom has been formed before you take a position in the market. Trying to pin-point tops and bottoms in the foreign exchange market is very risky, but exercising a little patience and waiting for a proven top or bottom to form can increase your odds of profiting and somewhat reduce your risk.

7. There are at least three types of markets: up trending, range bound, and down. Have different trading strategies for each.

8. Standing aside is a position.

9. In uptrends, buy the dips ;in downtrends, sell bounces.

10. In a Bull market, never sell a dull market, in Bear market, never buy a dull market.

11. Up market and down market patterns are ALWAYS present, merely one is more dominant. In an up market, for example, it is very easy to take sell signal after sell signal, only to be stopped out time and again. Select trades with the trend.

12. A buy signal that fails is a sell signal. A sell signal that fails is a buy signal.

13. Let profits run, cut losses short.

14. Let your profits run, but don’t let greed get in the way. Once you’ve already made a nice profit on a trade, consider taking either some or all of the money off the table and move on to the next trade. It’s natural to hope that one trade will end up as your “winning lottery ticket” and make you rich, but that is simply not realistic. Don’t hold the position too long and end up giving all your well-deserved profits back to the market.

15. Use protective stops to limit losses.

16. Use appropriate stop-loss orders at all times to cut your losses and never, ever sit back and let your losses run. Almost every trader at some point makes the mistake of letting his or her losses run in hopes that the market will eventually turn around in his or her favor but, more often than not, it simply leads to an even greater loss. You win some, you lose some. Simply learn to cut your losses, take your occasional lumps and move on to the next trade. And if you made a mistake, learn from it and don’t do it again. To avoid letting your losses run, get into the habit of determining an acceptable profit target as well as an acceptable risk tolerance level for each and every forex trade before entering the market. Then simply place a stop-loss order at the appropriate price - but not so tight (close to the market) that the stop could quickly take you out of the position before the market has a chance to move in your favor. Using a stop is always the smart move.

17. Avoid placing protective stops at obvious round numbers. Protective stops on long positions should be placed below round numbers (10, 20, 25, 50,75, 100) and on short positions ,above such numbers.

18. Placing stop loss is an art. The trader must combine technical factors on the price chart with money management considerations.

19. Analyze your losses. Learn from your losses. They’re expensive lessons; you paid for them. Most traders don’t learn from their mistakes because they don’t like to think about them.

20. Stay out of trouble, your first loss is your smallest loss.

21. Survive! In forex trading, the ones who stay around long enough to be there when those “big moves” come along are often successful.

22. If you are a new trader, be a small trader (mini account) for at least a year, then analyze your good trades and your bad ones. You can really learn more from your bad ones.

23. Don’t trade unless you’re well financed…so that market action, not financial condition, dictates your entry and exit from the market. If you don’t start with enough money, you may not be able to hang in there if the market temporarily turns against you.

24. Be more objective and less emotional.

25. Use money management principles.

26. Money management increases the odds that the trader will survive to reach the long run.

27. Diversify, but don’t overdo it.

28. Employ at least a 3 to 1 reward-to-risk ratio.

29. Calculate the risk/reward ratio before putting a trade on, then guard against
holding it too long.

30. Don’t trade impulsively ; have a plan.

31. Have specific goals and objectives.

32. Five steps to build a trading system: a) Start with a concept b)Turn it into a
set of objective rules. c) Visually check it out on the charts d) Formally test it with a demo e) Evaluate the results.

33. Plan your work and work your plan.

34. Trade with a plan - not with hope, greed, or fear. Plan where you will get in the market, how much you will risk on the trade, and where you will take your
profits.

35. Follow your plan. Once a position is established and stops are selected, do not get out unless the stop is reached or the fundamental reason for taking the position changes.

36. Any successful trading system must take into account three important factors: price forecasting , timing , and money management. Price forecasting indicates which way a market is expected to trend. Timing determines specific entry and exit points. Money management determines how much to commit to the trade.

37. Don’t cherry-pick your system’s set-ups. Trade every signal.

38.Trading systems that work in an up market may not work in a down market.

39. Establish your trading plans before the market opening to eliminate emotional reactions. Decide on entry points, exit points, and objectives. Subject your decisions to only minor changes during the session. Profits are for those who act, not react.Don’t change during the session unless you have a very good reason.

40. Double-check everything.

41. Always think in terms of probabilities. Trading is all about thinking in
probabilities NOT certainties. You can make all the “right” decisions and the trade still goes against you. This does not make it a “wrong” trade, just one of the many trades you will take which, through probability, are on the “loosing” side of your trading plan. Don’t expect not to have negative trades - they are a necessary part of the plan and cannot be avoided.

42. The place to start your market analysis is always by determining the general trend of the market.

43. Trade only with a strategy that you’ve proven to yourself.

44. When pyramiding (adding positions), follow these guidelines. a. Each successive layer should be smaller than before. b. Add only to winning positions. c. Never add to a losing position. One of the few trade management rules that we can state we never break is ‘Never add to a losing trade’. Trades are split into winners and losers, and if a trade is a loser, the chances of it turning right around and becoming a winner are too small to risk more money on. If indeed it is a winner disguised as a loser,
why not wait until it shows it’s true colors (and becomes a d. winner)before you add to it. If you do this you will notice that nearly always the trade ends up hitting your stop loss and does not look back. Sometimes the trade turns around before it hits your stop and becomes a winner and you can count yourself very fortunate. Sometimes the trade hits your stop loss and then turns around and becomes a winner and you can count yourself unlucky. Whatever the result, it is never worth adding to a loser, hoping that it will become a winner. The odds of success are just too low to risk more capital in addition to the initial risk. e. Adjust protective stops to the breakeven point.

45. Risk Control A)Never risk more than 3-4 percent of your capital on any trade B)Predetermine your exit point before you get into a trade c)If you lose a certain predetermined amount of your starting capital, stop trading, analyze what went wrong, and wait until you feel confident before you begin trading

46. Don’t trade scared money. No one ever made any money trading when they had to do it to pay the mortgage at the end of the month. Having a requirement to make X dollars per month or you will be financially in trouble is the best way I know to completely mess up all trading discipline, rules, objectives, and leads quickly to disaster. Trading is about taking a reasonable risk in order to achieve a good reward. The markets and how and when they give up their profits is not under your control. Do not trade if you need the money to pay bills. Do not trade if your business and personal expenses are not covered by another income stream or cash reserve. This will only lead to additional unmanageable stress and be very detrimental to your trading performance.

47. Know why you are in the markets. To relieve boredom? To hit it big? When you can honestly answer this question, you may be on your way to successful forex trading

48. Never meet a margin call; don’t throw good money after bad.

49. Close out losing positions before the winning ones,

50. Except for very short term trading, make decisions away from the market, preferably when the markets are closed.

51. Work from the long term to the short term.

52. Use intraday charts to fine-tune entry and exit.

53. Master interday trading before trying intraday trading.

54. Don’t trade the time frame. Trade the pattern. Reversal patterns, hesitation patterns and breakout patterns appear often. Learn to look for the pattern in any time frame.

55. Try to ignore conventional wisdom; don’t take anything said in the financial media too seriously.

56. Always do your homework and stay current on global events. You never know what’s going to set off a particular currency on any given day.

57. Learn to be comfortable being in the minority. If you are right on the market, most people will disagree with you. (90% losers,10% winners).

58. Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.

59. Beware of all tips and inside information. Wait for the market’s action to tell you if the information you’ve obtained is accurate, then take a position with the developing trend.

60. Buy the rumor, sell the news.

61. K.I.S.S – Keep It Simple Stupid, more complicated isn’t always better.

62. Timing is especially crucial in forex trading.

63. Timing is everything in forex trading. Determining the correct direction of the
market only solves a portion of the trading problem. If the timing of the entry point is off by a day ,or sometimes even minutes ,it can mean the difference between a winner or a loser.

64. A “buy and hold” strategy doesn’t apply in forex trading

65. When you open an account with a broker, don’t just decide on the amount of money, decide on the length of time you should trade. This approach helps you conserve your equity, and helps avoid the Las Vegas approach of “Well, I’ll trade till my stake runs out.” Experience shows that many who have been at it over a long period of time end up making money.

66. Carry a notebook with you, and jot down interesting market information. Write down the market openings, price ranges, your fills, stop orders, and your own personal observations. Re-read your notes from time to time; use them to help analyze your performance.

67. Don’t count profits in your first 20 trades. Keep track of the percentage of wins. Once you know you can pick direction, profits can be increased with multi-plot trading and variations in using your stops. In other words, now is the time to get serious about money management.

68.”Rome was not built in a day,” and no real movement of importance takes place in one day.

69. Do not overtrade.

70. Have two accounts. One real account and the other a demo account. Learning doesn’t stop when trading real dollars begins. Keep the demo account and use it to test alternative trades, alternative stops, etc.

71. Patience is important not only in waiting for the right trades,but also in staying with trades that are working.

72. You are superstitious; don’t trade if something bothers you.

73. Technical analysis is the study of market action through the use of charts,for the purpose of forecasting future price trends.

74. The charts reflect the bullish or bearish psychology of the marketplace.

75. The whole purpose of charting the price action of a market is to identify trends in early stages of their development for the purpose of trading in the direction of those trends

76. The fundamentalist studies the cause of market movement, while the technician studies the effect.

77. Rising commodity prices generally hint at a stronger economy and rising inflationary pressure. Falling commodity prices usually warn that the economy is slowing along with inflation.

78. The longer the period of time that priced trade in a support or resistance area,the more significant that area becomes.

79. There are three decisions confronting the trader –whether- to go long, go short or do nothing. When a market is rising ,the best strategy is preferable. When the market is falling, the second approach would be correct. However ,when the market is moving sideways ,the third choise –to stay out of the market- is usually the wisest.

80. Channel lines have measuring implications. Once a breakout occurs from an existing price channel ,prices usually travel a distance equal to the width of the channel .Therefore, the trader has to simply measure the width of the channel and then project that amount from the point at which either trendline is broken.

81. The larger the Pattern ,the Great the potential. When we use the term “larger” ,we are referring to the the height and the width of the price pattern. The height measures the volatility of the pattern. The width is the amount of time required to build and complete the pattern. The greater the size of the pattern-that is ,the wider the price swings within the pattern (the volatility ) and the longer it takes to build –the more important the pattern becomes and the greater the potential for the ensuing price move.

82. The breaking of important trendlines . The first sign of an impending trend reversal is often the breaking of an important trendline. Remember however ,that the violation of a major trendline does not necessarily signal a trend reversal.The breaking of a major up trendline might signal the beginning of a sideways price pattern ,which later would be intedified as either the reversal or consolidation type.Sometimes the breaking of the major trendline coincides with the completion of the price pattern.

83. The minimum requirement for a triangle is four reversal points. Remember that it always takes two points to draw a trendline.

84. The moving average is a follower , not a leader. It never anticipates;it only
reacts. The moving average follows a market and tells us that a trend has begun, but only after the fact.

85. Shorter term averages are more sensitive to the price action ,whereas longer range averages are less sensitive.In certain types of markets ,it is more advantageous to use a shorter average and ,at other times , a longer and less sensitive average proves more useful.

86. When the closing price moves above the moving average , a buy signal is generated. A sell signal is given when prices move below the moving average.

87. A buying signal on a two-moving average combination occurs when the shorter term of two consecutive averages intersects the longer one upward. A selling signal occurs when the reverse happens, and the longer of two consecutive averages intersects the shorter one downward.

89. Shorter average generates more false signals ,it has the advantage of giving trend signals earlier in the move .The trick is to find the average that is sensitive enough to generate early signals, but insensitive enough to avoid most of the random “noise”.

90. Cutting losses is painful for every trader.The ability to cut one’s losses in time is the sign of a seasoned trader.

91.A channel breakout suggests a target for the currency price equal to the width of the channel.

92. Long term charts provide important information regarding long-terms or cycles. The trader can get a correct perspective regarding the real direction of the market in the long run, the strength or direction of the current trend occurring within that trend, or the possibility of a breakout from the long-term trend.

93. Common Points All Of Reversal Patterms A)The first signal of an impending trend reversal is often the breaking of an important trendline. B)The larger the pattern,the greater the subsequent move C)Topping patterns are usually shorter in duration and more volatile than bottoms. D)Bottoms usually have smaller price ranges and take longer to build

94. The head-and-shoulders formation is confirmed only when the completion of the three rallies and their reversals is followed by a breach of the neckline. The failure of the price to break through the neckline on closing prices basis puts on hold or negates the validity of the formation.

95. The double-top formation is confirmed only when the full completion of the two rallies and their respective reversals is followed by a breach of the neckline (the closing price is outside the neckline ).The failure of the price to break through the neckline puts on hold or negates the validity of the formation.

96. The flag formation is a reliable chart pattern that provides two vital signals: direction and price objective. This formation consists of a brief consolidation period within a solid and steep upward trend or downward trend. The consolidation itself tends to be sloped in the opposite direction from the slope of the original trend, or simply flat.

97. A Breakaway gap provides the direction of the market.

98. The runaway or measurement gap provides the direction of the market. This gap confirms the health and velocity of the trend.

99. The runaway or measurement gap is the only type of gap that provides a price objective. The price objective is the previous length of the trend, measured from the runaway gap, in the same direction as the original trend.

100. The exhaustion gap provides the direction of the market.

101. Near the beginning of important moves, oscillator analysis isn’t that helpful and can be misleading. Toward the end of market moves ,however ,oscillators become extremely valuable.

102. When the oscillator reaches an extreme value in either the upper or lower end of the band, this suggest that the current price move have gone too far too fast and is due for a correction of some type.

103. The oscillator is most useful when its value reaches an extreme reading near the upper or lower end of its boundaries. The market is said to be overbought when it is near the upper extreme and oversold when it is near the lower extreme. This warns that the price trend is overextended and vulnerable.

104. A divergence between the oscillator and the price action when the oscillator is in an extreme position is usually an important warning.

105.-Oscillator-The crossing of the zero line can give important trading signals in the direction of the price trend.

106.Because of the way it is constructed, the momentum line is always a step ahead of the price movement. It leads the advance or decline in prices , then levels off while the current price trend is still in effect. It then begins to move in the opposite direction as prices begin to level off.

107. RSI is plotted on a vertical scale of 0 to 100. Movements above 70 are considered overbought, while an oversold condition would be a move under 30 .Because of shifting that takes place in bull and bear markets, the 80 level usually becomes the overbought level in bull markets and the 20 level the oversold level in bear markets.

108. The first move of RSI into the overbought or oversold region is usually just a warning. The signal to pay close attention to is the second move by the oscillator into the danger zone. If the second move fails to confirm the price move into new highs or new lows, a possible divergence exists. At that point ,some defensive action can be taken to protect existing positions. If the oscillator moves in the opposite direction, breaking a previous high or low, then a divergence or failure swing is confirmed.

109. Stochastics simply measures , on a percentage basis of 0 to 100, where the closing price is in relation to the total price range for a selected time period. A very high reading (over 80) would put the closing price near the top of the range ,while a low reading
(under 20) near the bottom of the range.

110. One way to combine daily and weekly stochastics is to use weekly signals to determine market direction and daily signals for timing(it depends from the type of the trader). It’s also a good idea to combine stochastics with RSI.

111. Most oscillator buy signals work best in uptrends and oscillator sell signals are most profitables in downtrends. The place to start your market analysis is always by determining the general trend of the market. Oscillators can then be used to help time market entry.

112. Give less attention to the oscillators in the early stages of an important move, but pay close attention to its signals as the move reaches maturity.

113.The best way to combine technical indicators is use weekly signals to determine market direction and the daily signals to fine-tune entry and exit points. A daily signal is followed only when it agrees with the weekly signal. (daily-weekly, 4 hour-daily,4 hour-1 hour).

114. The failure of prices to react to bullish news in an overbought area is a clear warning that a turn may be near. The failure of prices in an oversold area to react to bearish news can be taken as a warning that all the bad news has been fully discounted in the current low price. Any bullish news will push prices higher.

115. -Elliot Wave Theory- A complete bull market cycle is made up of eight waves, five up waves followed by three down waves.

116 -Elliot Wave Theory- A trend divides into five waves in the direction of the longer trend.

117-Elliot Wave Theory- Corrections always take place in three waves.

118-Elliot Wave Theory- Waves can be expanded into longer waves and subdivided into shorter waves.

119-Elliot Wave Theory- Sometimes one of the impulse waves extends. The other two should then be equal in time and magnitude.

120-Elliot Wave Theory- The Finobacci sequence is the mathematical basis of the Elliot Wave Theory.

121-Elliot Wave Theory- The number of waves follows the Finobacci sequence.

122-Elliot Wave Theory- Finobacci ratios and retracements are used to determine price objectives. The most common retracements are 62%, 50% and 38%.

123 -Elliot Wave Theory- Bear markets should not fall below the bottom of the previous fourth wave.

124 -Elliot Wave Theory- Wave 4 should not overlap wave 1.

125 .Support and resistance are the most effective chart tools to use for entry and exit points. For purposes of placing stop loss, support and resistance levels are most valuable.

126. One of the commodities most effected by the dollar is the gold market. The prices of gold and the U.S. dollar usually trend in opposite directions.

127. The Yen is sensitive to changes in the price or structure of the raw material markets.

128. The commodity-producing countries (Canada, Australia, N. Zealand ) are more dependent on Japan than the other way around.

129. The Yen is sensitive to the fortunes of the Nikkei index, the Japanese stock market and the real estate market.

130. The majority of the pound transactions take place in London with a volume decreasing significantly in the U.S. market, and slowing down to a trickle in Asia. Therefore, in the New York market, many banks have to stop quoting the pound at noon.

131. Swiss Franc has a very close economic relationship with Germany, and thus to the euro zone.

132. The major markets are London, with 32 percent of the market,New York with 18 percent and Tokyo with 8 percent. Singapore follows with 7 percent, Germany has 5 percent and Switzerland, France and Hong Kong have 4 percent each.

133. Don’t use the markets to feed your need for excitement.
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[{"actual": "0.4%","consensus": "","country": "AU","date": "Oct 21","event": "New Motor Vehicle Sales (MoM)","id": "e4f7a3bd-453a-43bb-a512-3c7f19317422","previous": "-3.5%","time": "00:30","volatility": "!","symbol": "%","symbolposition": "R"},{"actual": "-8.2%","consensus": "","country": "AU","date": "Oct 21","event": "New Motor Vehicle Sales (YoY)","id": "ee1442f0-dd53-42fc-8235-46aa040d6b2f","previous": "-7.2%","time": "00:30","volatility": "!","symbol": "%","symbolposition": "R"},{"actual": "","consensus": "","country": "AU","date": "Oct 21","event": "RBA Meeting's Minutes","id": "c2477079-32e6-4c82-a825-10076740d031","previous": "","time": "00:30","volatility": "!!","symbol": "","symbolposition": "L"},{"actual": "2.7%","consensus": "","country": "NZ","date": "Oct 21","event": "Credit Card Spending","id": "db2708ce-1e2d-4ee3-ae86-12753a27ff7b","previous": "2.7%","time": "02:00","volatility": "!","symbol": "%","symbolposition": "R"},{"actual": {"value":"1.440B", "better": "1"},"consensus": "1.200B","country": "CH","date": "Oct 21","event": "Trade Balance","id": "663f0287-0038-4d51-9d34-41633850ee05","previous": "1.427B","time": "06:15","volatility": "!","symbol": "","symbolposition": "L"},{"actual": {"value":"-39", "better": "1"},"consensus": "-30","country": "UK","date": "Oct 21","event": "CBI Industrial Trends Survey - Orders (MoM)","id": "04942a5e-ce15-4647-9fef-33d41beebdeb","previous": "-26","time": "10:00","volatility": "!","symbol": "","symbolposition": "L"},{"actual": {"value":"", "worst": "1"},"consensus": "2.0%","country": "CA","date": "Oct 21","event": "BoC Interest Rate Decision","id": "5b1a12de-047e-448d-add8-c3c5af6d0d9e","previous": "2.5%","time": "13:00","volatility": "!!!","symbol": "%","symbolposition": "R"},{"actual": "","consensus": "","country": "UK","date": "Oct 21","event": "BoE's Governor King Speech","id": "517e4aa9-721a-44ab-b30c-53da027bad27","previous": "","time": "19:10","volatility": "!!","symbol": "","symbolposition": "L"},{"actual": "","consensus": "","country": "US","date": "Oct 21","event": "ABC/Washington Post Consumer Confidence","id": "d5951fb6-4214-4f9c-b5c5-81bd9c1be884","previous": "-43","time": "21:00","volatility": "!","symbol": "","symbolposition": "L"},{"actual": "","consensus": "","country": "NZ","date": "Oct 21","event": "Visitor Arrivals","id": "55412f9b-69cf-4bba-a9a5-0308b7079f0c","previous": "-0.5%","time": "21:45","volatility": "!","symbol": "%","symbolposition": "R"},{"actual": "","consensus": "","country": "US","date": "Oct 21","event": "Treasury Secretary Paulson speaks","id": "6b31587e-7cf5-40dd-b329-9d4cd2b13092","previous": "","time": "23:30","volatility": "!!","symbol": "","symbolposition": "L"},{"actual": {"value":"", "worst": "1"},"consensus": "-1.7%","country": "JP","date": "Oct 21","event": "All Industry Activity Index (MoM)","id": "2dee0c5f-3c76-4475-bea7-f6867c4a2cbe","previous": "0.8%","time": "23:50","volatility": "!","symbol": "%","symbolposition": "R"}]
Forex Economic Calendar Date (GMT) Country Event Actual Cons. Previous
Oct 21 00:30 AU New Motor Vehicle Sales (MoM) 0.4% -3.5%
Oct 21 00:30 AU New Motor Vehicle Sales (YoY) -8.2% -7.2%
Oct 21 00:30 AU RBA Meeting's Minutes
Oct 21 02:00 NZ Credit Card Spending 2.7% 2.7%
Oct 21 10:00 UK CBI Industrial Trends Survey - Orders (MoM) -39 -30 -26
Oct 21 13:00 CA BoC Interest Rate Decision 2.0% 2.5%
Oct 21 19:10 UK BoE's Governor King Speech
Oct 21 21:00 US ABC/Washington Post Consumer Confidence -43
Oct 21 21:45 NZ Visitor Arrivals -0.5%
Oct 21 23:30 US Treasury Secretary Paulson speaks
Oct 21 23:50 JP All Industry Activity Index (MoM) -1.7% 0.8%
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Examples of same direction moving currency pairs are:

2008-10-21T18:32:00.000-07:00

EUR/USD and GBP/USD EUR/USD and NZD/USD USD/CHF and USD/JPY AUD/USD and GBP/USD AUD/USD and EUR/USD
•
Inversely moving pairs are:
•
EUR/USD and USD/CHF GBP/USD and USD/JPY GBP/USD and USD/CHF AUD/USD and USD/CAD AUD/USD and USD/JPY

Best Hours to Trade Forex

2008-10-21T18:24:00.000-07:00

Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market. So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time — turn off your computer and don't even bother!

What to trade, when to trade
During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement.
Below are Forex market sessions and examples of the most active currency pairs:
London/ New York sessions:
EUR/USD USD/CHF GBP/USD
Tokyo/Sydney sessions:
EUR/JPY AUD/USD USD/JPY AUD/JPY
Sydney session:
AUD/USD EUR/USD
During the week the most active Forex trading days are: Tuesday, Wednesday and Thursday. Sundays (opening) and Mondays are days when traders are mostly watching and analyzing the market and predict further price moves. Fridays are traded approximately till noon, after that all actions slow down and almost freeze before the actual market closing at 5 pm EST.

* Volume

2008-10-21T18:23:00.000-07:00

* Volume

Four easy rules to follow regarding Volume:

1. When prices are rising and volume is increasing, prices will continue to rise. The uptrend is being confirmed.
2. When prices are rising but volume is decreasing, the uptrend is losing momentum and may be near the end.
3. When prices are falling and volume is increasing, prices will continue to fall.
4. When prices are falling and volume is decreasing, the downtrend is losing momentum and may be near the end.

currencies-glance/pair.aspx?id=USD/JPY

2008-10-21T04:12:00.000-07:00

http://www.fxstreet.com/rates-charts/currencies-glance/pair.aspx?id=USD/JPY

Learning To Trade: Step-By-Step Or Mistake-By-Mistake

2008-10-21T02:02:00.000-07:00

http://www.forexstrategysecrets.com/blog/learning-to-trade-step-by-step-or-mistake-by-mistake/

I am guessing that we all have clicked and hoped. Then we clicked again and hoped some more. We have entered trades not knowing what we were doing, having no clue, which way the market was going, or even how to determine which way it was headed. These are frustrating times as well as costly times even if we are only trading a demo account. With a demo account we only lose our confidence, with a live account we lose our confidence and our money.

We make mistakes and don’t even know what the mistakes are. We have perfect hind site and can see exactly what would have made us a lot of money. We go through this over and over until we have blown up several demo accounts and we still do not know what we are doing wrong. This is the Mistake-By-Mistake method. This is the hard way to learn to trade. We think most of us can relate to this type of trading.

When we find a trading strategy that fits our way of trading and thinking, it just feels good. This will be different for everyone. We then will start to make progress in our trading knowledge. We see many traders go from 8 to 10 indicators back to 3 or 4 indicators. We found that less is better. It seems to be a cycle of over analyzing with many losses, then going back to more exact signals with less analyzing and more winning trades.

We go from not using stop losses back to using stop losses, from not knowing what money management is to following a solid basic money management system.

Here is a suggested Step-by-Step approach.

1. Learn a trading platform
2. Learn the currency terminology
3. Find a trading system that fits your personality (day trading, swing trading or position trading)
4. Develop a study program
5. Develop a trading plan
6. Keep a trading journal
7. Learn how to use indicators to trade the market not just price movements
8. Practice simulated, demo, visualization, then live trading
9. Learn good money management principles and use them
10. Start out slow on your live account. When you become a good trader the money will come

NEVER Stop Practice Trading

2008-10-21T01:56:00.000-07:00

It is a well known fact that if you take time away from your skill, it takes a bit of concentration and practice to get back on top of your game. Professional athletes have to work hard on their skills to get back to peak levels of performance after the off season. The same thing holds true for Forex traders. It may be different amounts of time and different levels of effort to get back into trading shape but it does take time and effort.

Learning doesn’t stop once trading with real money begins. In fact, it is the exact opposite; the learning curve actually accelerates. I know of many traders that will trade with a live and a demo account in tandem. They place the same trade on each account and find themselves trading the two accounts differently.

When the demo starts to make more money than their live account it is easy for them to see what they are doing different and correct the difference. The wise traders will learn from tandem trading and those traders that should not have started trading live are still wondering what is happening to them.

Other traders say “it is no fun to demo trade” and other traders say “I don’t learn when trading a demo account”. One suggestion is to trade with a mini account and only place micro mini lots i.e. 0.01 lots. This is trading with a penny. If they do lose 100 pips they have only lost one dollar. If this is what it takes, you still need to practice. Remember perfect practice makes perfect results. Another way to practice is to use the Jump Start trading strategy. Using the Jump Start strategy you will get in and out and not expose the trading account to much risk. Use the 5 and 15 minutes time frames, and signals to get in and out of the market. Using the smaller time frames over many currency pairs you will get a lot of practice in a short amount of time.

Practice, have fun, and trade well.

Which Comes First, The Skill or The Money?

2008-10-21T01:14:00.000-07:00

You should only trade with a forex strategy that you’ve proven to yourself. One of the most important tools you need to learn how to use, even before you start trading at any level is how to use the trading platform. We offer a free forex video tutorial that shows you how to set-up and use the MT4 trading platform. There are people that open a live account, get into a trade and do not even know how to close the trade. Then they want the broker to give them their money back, and make things even for them. Once you can use the trading platform proficiently you can move on to learning the trading strategy you are looking at.

You should always practice trading to become acquainted with the indicators. When enough time has been give to simulated trading and the entry and exit signal are easily spotted then move on to demo trading. When demo trading play money is being used with live data feed and real time results. When the winning trades are happening more often than the losing trades, then consider opening a live account with real money. Use the 80-20 rule to determine the proper time to start live trading. At this point you may feel like you are a great trader but you now have to deal with your emotions. The best thing to do is start out trading with very small trades. If the amount of money you will lose on a single trade is uncomfortable to you, then you may want to lower the amount of money you have in the trade. For example: If you set your stop loss at 50 pips and you do not feel good about losing $50.00 on a one lot trade, then you could place a 0.1 lot trade which would give you a loss of only $5.00 if your stop loss is hit. If you feel comfortable with the $5.00 loss then it is ok to be in the trade.

blue print

2008-10-21T00:14:00.001-07:00

As we all know that this month has been dedicated
as CB Internet University month - where we shall be
learning vital money making secrets on Nigeria's No. 1
Internet Profit Discussion Board.
First of all, I want to salute my Oga and Mentor -
Oluwafisayo Akinlolu (the Admin of this forum) for
introducing this media where we all can learn
different strategies for creating wealth through
the internet.

The internet has definitely come a long way
and there have been proofs upon proofs that one
can create LEGITIMATE wealth online...

In a nutshell, I will be revealing my Trading Blueprint
(my most jealously guarded secrets for trading success)
for creating unending wealth through Online Forex Trading.

Undoubtedly, the Forex market is the largest financial market in the
world with an estimated $1.9 trillion being traded every single day...
waooh that's a lot of money.

Forex trading is the buying and selling of currencies online through
a Forex broker, who serves as intermediary between the market and you.
The sole aim of trading is to make profit. The Forex market can be
compared with the Stock market where you can buy shares of a particular
company, say, Dangote Sugar Refinery at #18 and sell later at #40 for a
gain of #22 per unit. Usually, the profit margin in the Forex market is
higher than the Stock market.

Like I said earlier, in the Forex market we Buy and Sell currencies,
which are usually in pairs e.g. GBP/USD, EUR/USD, USD/JPY, USD/CHF etc.
A currency pair is purchased based on the fact that one unit
appreciates against the other e.g. Buying GBP/USD pair at 1.2040
i.e. 1GBP = 1.2040USD and Selling later at 1.2100 gives you a profit of
60pips which could amount to $60 - $6000 daily (depending on your lot sizes).

To learn more about FOREX visit:
www.mgforex.com/resource/glossary.asp_fxglossary
www.my-forex.biz
www.realtimeforex.com
www.moneytec.com
www.forexdirectory.net
www.forexpips.com
www.babypips.com
www.actionforex.com
www.mataf.net
www.forexblog.org/2007/04/top_100_forex_r.html
www.forexproject.com
www.forexontop.com

FOREX TRADING BLUEPRINT:

STEP 1: Define exactly why you want to be a trader.

STEP 2: Get your psychology right. Learn how to be a disciplined trader.

STEP 3: Define your portfolio objectives.

STEP 4: Select the currency pairs you would ultimately like to trade.

STEP 5: Affirm today: â€œI will find a system that fits me and I will
become the world's best trader at this ONE style of trading."

STEP 6: Back test your newly designed or newly purchased system
(including your entry, exits, and money management rules).

STEP 7: Open a mini account with any Online FOREX broker of your
choice.

STEP 8: Begin trading your newly designed or newly purchased system
and remember to follow it flawlessly.

STEP 9: Bank your trading profits.

STEP 10: If you donâ€™t start banking profits, discover why youâ€™ve
got a great trading system but youâ€™re still losing.

REM: Creating wealth through the FOREX market is more of a HIGH
strategy game than a HIGH energy game. So it is important that you
seek EDUCATION that will enable you identify market trends - as well
as monitor your investment more intelligently.

usd jpy trick

2008-10-20T23:44:00.000-07:00

http://www.forexyard.com/en/market-analysis/added_risk_fuels_usd_and_jpy_gains-2008-10-20

http://www.sharetrader.co.nz/archive/index.php?t-323.html

http://www.learncurrencytrading.com/fxforum/usd-jpy/13858-discuss-usd-jpy-dailyfx-analyst-124.html

http://easysolar.blogspot.com/2008_09_01_archive.html

2008-10-20T20:10:00.000-07:00

http://easysolar.blogspot.com/2008_09_01_archive.html

usd jpy Bonansa%20EA

2008-10-16T20:51:00.000-07:00

http://duyduyfx.blogspot.com/search/label/Bonansa%20EA

Why using VPS?

2008-10-16T20:40:00.000-07:00

Why using VPS?

There is disadvantage using Expert Advisor (EA)
If the power of your pc is off or internet connection disconnected, your Expert Advisor won't trade.
So if you have floating position, you''ll pray for the power is on or internet connection back to normal,

Expert Advisor can't close position while power is off, except you code the Expert Advisor to use Target Profit and Stop Loss as they are recorded in broker server. Don't forget about Stop Loss hunting by broker if you use this.

So I use VPS to overcome unstability of internet connection.
VPS is cheaper than dedicated Server and make sure the VPS you choosed is for trading forex.

Right now, I use CNS for the VPS. Its for Trader only and have maintenance when forex market is over in the weekend.

So far I'm using it until now, without having a single problem.

http://duyduyfx.blogspot.com/

2008-10-16T20:33:00.000-07:00

http://duyduyfx.blogspot.com/

10points3 Ea

2008-08-22T19:49:00.000-07:00

http://www.forexfactory.com/showthread.php?t=17576

we're still trying to dig more gold from it. we have some success on using it on live account. generally it produces about 120% a month, please do withdraw the profits and let the money management back to original setups. continuosly doing this, i withdrawed about 450% since last November. fund in three time. Therefor, the actual profit that available in my local bank account only about 150% of the original fund size i funded in. anyway, we're trying to make it more safer and trying to eliminate the drawdown scenario, inorder to let the monster continue compounding... become a spawn devil

Below attach some minor mod on the EA

1. Now can use MM on micro account like IBFX.

2. With extra capability on changing the multiplying fact of Martingale. Uses 1.64 would greatly reduce the used margin during double down instead of gambling with 2.00 multiplying down.

3. With capability of dynamic stop loss. When placing max trade at 6, pip step 15, the stop loss will be automatically place at 90pips+Initial stop.

if you guys are interested on 10point3, I dont mind to bring Yeoeleven here, so we can start the entire research again. and I'm not getting boring at all after half a year of live/demo testing it.

succesful trader

2008-08-09T20:07:00.000-07:00

http://www.freewebs.com/reynan/

AmbushForex / SnipingForex was created by traders for traders in order to provide free profitable signals. Our aim is to make everyone who knows this website become a succesful trader and share free educational materials to those who wish to know our simple yet profitable strategy. Our primary emphasis are to learn the Basics of Trading : Money Management, Discipline, and Patience. Using a great trading strategy without it is useless. That is why it is considered that 95% of traders fail since only 5% can keep it.
Money Management : Forex trading is not a quick-rich business, if ever odds goes your way make sure you only loss 1-2% of your account balance. We strongly recommend that for account with a balance of $10k and below use only Mini-account ($1.00 - $2.00/ Pip) and for $20K up may use Standard Account ($5.00/ Pip or higher).
Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. It is the most significant part of any trading system. Most of traders don't understand how important it is. It's important to understand the concept of money management and understand the difference between it and trading decisions. It represents the amount of money you are going to put on one trade and the risk your going to accept for this trade.
Discipline: Means keeping your strategy's rules and mechanics. Don't be affected by emotion. Patience: Develop a patience to wait whatever is stated in the strategy or signal or never trade at all.

strategies in Forex trading

2008-08-09T19:46:00.000-07:00

There may be dozens of strategies in Forex trading. Let¡¯s just talk about the roots. Complement is welcome.

Hedge:

In finance, a hedge is an investment that is taken out specifically to reduce the risk in another investment. Hedging is a strategy designed to minimize exposure to an unwanted business risk, while still allowing the business to profit from an investment activity.

In FOREX, there are two kinds of mainstream hedging strategies:

1, Buy and Sell the same currencies pair, same lots, same timing. Then let it go. While one of those orders goes north, the counterpart will go south. After the winner takes profit, we can wait for the loser turning around. In a yo-yo market, this method works well.

For example, buy 2 lots GBP/USD at 2.0003, at the same time sell 2 lots GBP/USD at 1.9997. While the rate rises up to 2.0053, we close the buy order and take profit 50 pips. Now, the sell order will draw down around 50 pips. Let’s wait for the rate falling down, it will fall down usually, especially in yo-yo market environment. If the rate drops down to 2.0037, close the sell order, the sell order will lose 40 pips. Does it hurt? No. Don’t forget the 50 pips we have taken at the buy order. Totally, we can get 50-40=10 pips. Furthermore, if the rate keeps falling, let’s say down to 2.0027, we can take 50-30=20 pips, etc.

This kind of hedge can work at any currencies pair.

2, Buy (or sell) unequal lots of special currencies pairs and buy unequal quantities of another kinds of currencies pairs which usually move in the opposite direction. This seems a "Semi-Hedge" trading strategy. It is created based on “Correlation” between some particular currencies pairs. So it is not suitable for every currencies pair.

Actually, this kind of hedge has another feature: earning SWAP! You earn interest daily on the held position which can yield up to 50% per year of your full account balance.

There are several pairs can do it. Such as EUR/USD Vs. USD /CHF, GBP/USD Vs. USD/CHF, AUD/USD Vs. NZD/USD, EUR/JPY Vs. CHF/JPY, GBP/JPY Vs. CHF/JPY.

Let's take the EUR/USD and the CHF/USD pairs.

These pairs are historically negatively correlative 93-98% of the time. That is when one pair goes up the other goes down, and vice versa, up to 98% of the time. In a high leverage account (as high as 400:1 or 500:1), you could earn 50% SWAP interest in a year. How? Let's say you have $5,000 in your account and a 10% risk margin set. If the net interest we receive is 1.25% annually, this 1.25% interest will be enlarged to 50% per annum, by the 400:1 leverage.

And, this return does not include the buy low/sell high profits.

But, if the base of this kind of hedge collapses, it means the “Correlation” does not exist any more, for example the “Correlation” drops under 50% or lower, there will be a disaster.

Martingale:

Originally, martingale referred to a class of betting strategies popular in 18th century France. In Forex trading, the strategy let the trader double his/her order lots after every loss, so that the first win would recover all previous losses plus win a profit equal to the original investment. In the example below, you bought 1 lot EUR/USD at 1.4650. Unfortunately, the rate drops. You play it in martingale way, “double down”, buy two lots, you need the EUR/USD to rally from 1.4630 to 1.4640 to break even. As the price moves lower and you add four lots, you only need it to rally to 1.4625 instead of 1.4640 to break even. The more lots you add, the lower your average entry price. Even though you may lose 100 pips on the first lot of the EUR/USD if the price hits 1.4550, you only need the currencies pair to rally to 1.4569 to break even on your entire holdings. Once the rate goes up one more pip, you will win a lot.

EUR/USD Lots Average or Breakeven Price
1.4650 1 1.4650
1.4630 2 1.4640
1.4610 4 1.4625
1.4590 8 1.4605
1.4570 16 1.4588
1.4550 32 1.4569

The Martingale strategy needs a very strict money management and you must understand that in the beginning money will be coming slowly, but if you lose the patience and raise risk level up to much, you may not hang on to the end to see the turn-around.

Anti-Martingale:

The anti-martingale strategy is the opposite of the better known martingale approach. This approach instead increases order lots after wins, while reducing them after a loss. Using an anti-martingale risk management scheme will increase profits during time periods when a trading approach is working well, while automatically decreasing exposure during portions of the cycle where trading is unprofitable. This is believed to decrease the risk of ruin for trading.

Grid:

Basically the trader sets a series of entry limit orders X pips from the current price, for example 15 pips. Some experienced traders like to use the Fibonacci Series Numbers (0, 1, 1, 2, 3, 5, 8, 13, ...) or Golden Section Numbers to make this grid. Once price hits the level the limit order is executed. Then every 15 pips there is another order at limit price executed. And so on. In a yo-yo market, while the price moves up or down, there always be some limit orders executed. Once the order is taken profit, and the price moves to its original level again, a new limit order shall be executed again, then repeat the same process. Just open orders and take profits in a set of "grid". It is simple and easy, but hard to deal with when and how to close all orders, especially the Stop Loss. Some experts say we do not need stop loss, but will you take the chance to hold your all positions till "Margin Call?"

Day trading:

This refers to the practice of buying and selling currencies pairs such that all positions will usually be closed within the same Forex the trading day. The day trading idea comes from stock market. Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts.

But in Forex market, every one can be a day trader to do day trading. Actually, more than day trading, they can do “scalping”.

Scalping:

Scalping is a trading style where small price gaps created by the bid-ask spreads are exploited. It normally involves establishing and liquidating a position quickly, usually within minutes or even seconds. It means trying to get a few points (1~3 pips only, no greed, no long term) off the market every time. This strategy is based on a fact: approximately 70 to 80% of the time, the market is in a consolidation pattern. What this means is that for the majority of time the market is not making significant moves. For example, after the USA market is closed and before the Europe market is open, the Forex market tends to range in a consolidation channel for hours at a time before making another significant move in one direction. This kind of market behavior pattern is ideal for Forex scalping. Every time you enter the market, wait 10 or 20 minutes, once you have several pips gain then cash it and go.

Scalping has some features:

1, Lower exposure, lower risks. Scalpers are only exposed in a relatively short period.

2, Smaller moves, easier to obtain. The normal wave of the market will give you several pips easily.

3, Large volume, adding profits up. Since the profit obtained per share or contract is very small due to its target of spread, they need to trade large in order to add up the profits. Scalping is not suitable for small-capital traders.

But be careful, not every broker welcomes this kind of scalping strategy. If you scalp it too quick and thin, let’s say you just hit 1 pip every 2 or 3 minutes then run, and repeat it again and again within a day, every day, you must feel high, eh? But the broker may be not happy and bans you. You will be kicked out because of your successful scalping!

News Trading:

The system is developed based on economic news events from around the world. Nearly half of those announcements have moved the market significantly. Before a big news is coming, we can buy and sell some currencies pairs at the same time, same lots, set stop loss prices for them. After the news is released, especially for the big one, both sides of buy order and sell order will jump significantly. No matter which order is a winner, just let it go. And the loser will hit the Stop Loss, just let it be. The winner’s gain minus the loser’s loss, it is your news trading profit. For example, Non-Farm Payrolls/Employment Report - The NFP is the most influential news release of every month. It's announced on the first Friday of the month at 8:30am EST for the prior month. We can put a buy order and a sell order at market prices for GBP/USD, at 8:29 am EST. Don’t forget, set 30 pips Stop Loss level for them. Wait 2 minutes only, the news is announced, it is a big one! Then the sell order jumps over 100 pips, and the buy order drops like a brick. The brick hits the Stop Loss and the pain is over. Totally, your gain could be 100-30=70 pips. Quick and easy, cool enough?

Trend Following:

It is so simple, just follow the trend. Buy it is the most difficult strategy because no one can tell you 100% for sure what is the right TREND. Go to look at a weekly chat of USD/CAD, if you had shorted this pair in September 2001 and held it till September 2007, you know what the trend means.

The most famous trend analysis tool seems the Wave Principle. In the 1930s, Ralph Nelson Elliott discovered that stock market prices trend and reverse in recognizable patterns. Elliott isolated five such patterns, or “waves,” that recur in market price data.

Another trend analysis guru should be W. D. Gann. In 1908, Gann discovered what he called the "market time factor", which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

Back to the chat of USD/CAD, now, please tell me, how to follow the trend? Will USD/CAD continue the trend which is going south further to 0.6000, or, another trend going north reversely back to 1.6000?

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post Jan 15 2008, 09:26 AM
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Arbitrage:

Some people call “Arbitrage” as a risk free strategy. But other people call it as a trick which looks like the cat pawing chestnuts from a fire. But in theory, its risk is minimum in deed. We introduce three types of arbitrage strategies here:

1, Triangle Arbitrage: Searching for two highly fast-moving pairs (like EUR/USD and USD/JPY), the price of a not-so-fast moving pair like EURJPY should always be derived by multiplying (or dividing, etc) the fast-moving pairs. So for example, if EUR/USD is 1.4871 and USD/JPY is 108.24, the logical price of EUR/JPY should be 1.2 x 120 = 160.96. But at the same time, the real EUR/JPY rate is 160.90. The slower moving pair lags behind the logical price, then profit opportunity comes.

In practice currencies are quoted with a bid ask spread, so a trader should be careful that he is actually buying at the quoted ask price, and selling at the quoted bid price. Other transaction costs, such as commissions, might also invalidate the apparent free lunch.

More pairs:

AUD/CAD CAD/JPY AUD/JPY
AUD/CAD GBP/CAD GBP/AUD
AUD/CAD USD/CAD AUD/USD
AUD/CHF CHF/JPY AUD/JPY
AUD/CHF GBP/CHF GBP/AUD
AUD/CHF USD/CHF AUD/USD
AUD/JPY EUR/JPY EUR/AUD
AUD/JPY GBP/JPY GBP/AUD
AUD/JPY USD/JPY AUD/USD
AUD/USD GBP/USD GBP/AUD
AUD/USD USD/CAD AUD/CAD
AUD/USD USD/CHF AUD/CHF
AUD/USD USD/JPY AUD/JPY
CAD/JPY EUR/JPY EUR/CAD
CAD/JPY GBP/JPY GBP/CAD
CAD/JPY USD/JPY USD/CAD
CHF/JPY EUR/JPY EUR/CHF
CHF/JPY GBP/JPY GBP/CHF
EUR/AUD AUD/CHF EUR/CHF

EUR/AUD AUD/JPY EUR/JPY
EUR/AUD AUD/USD EUR/USD
EUR/AUD GBP/AUD EUR/GBP
EUR/CAD AUD/CAD EUR/AUD
EUR/CAD GBP/CAD EUR/CAD
EUR/CAD USD/CAD EUR/USD
EUR/CHF AUD/CHF EUR/AUD
EUR/CHF GBP/CHF EUR/GBP
EUR/CHF USD/CHF EUR/USD
EUR/GBP GBP/AUD EUR/AUD
EUR/GBP GBP/CAD EUR/CAD
EUR/GBP GBP/CHF EUR/CHF
EUR/GBP GBP/JPY EUR/JPY
EUR/GBP GBP/USD EUR/USD
EUR/JPY GBP/JPY EUR/GBP
EUR/JPY USD/JPY EUR/USD
EUR/USD GBP/USD EUR/GBP
EUR/USD USD/JPY EUR/JPY
GBP/JPY USD/JPY GBP/USD

2, Hedging Arbitrage:

This technique is the safest ever, and the most profitable of all hedging techniques while keeping minimal risks. This technique uses the arbitrage of roll over interest rates (SWAP) between two brokers.

One broker which pays or charges roll over interest at end of day, and the other should not charge or pay this kind of roll over SWAP interest. The main idea about this type of Hedge Arbitrage is to open a position of currency (Fore example, the highest SWAP GBP/JPY) at a broker which will pay you a high interest for every night the position is carried, and to open a reverse of that position for the same currency with the broker that does not charge interest for carrying the trade. This way you will gain the interest or SWAP that is credited to your account, risk-free.

3, Netting Arbitrage:

The main idea behind the strategy is, using differences between cross rates (such as EUR/USD, GBP/USD, and EUR/GBP) at different markets.

For example, suppose you had opened the following positions:
buy 1 lot EUR/USD at 1.4867;
sell 1 lot EUR/GBP at 0.7600;
and sell 0.76 lot GBP/USD at 1.9566.

The netting/clearing gives the following results:
Long EUR from the first pair and short EUR from the second pair gives zero exposure in EUR.
Long position in GBP from the second pair and short position from the third pair gives zero exposure in GBP.
Short position from the first pair ($148,670.00) in USD and long position from the third pair ($195,660.00*0.76) in USD gives you $31.60 profit without open positions and exposures. Simple? You tell me.

profit calculator

2008-08-01T02:57:00.000-07:00

http://fxtrade.oanda.com/tools/
fxcalculators/profit_calculator.shtml

profit calculator

http://binarytrading.blogspot.com/

free signal

What is important in selecting a Forex Metatrader Broker?

2008-07-31T19:17:00.000-07:00

What is important in selecting a Forex Metatrader Broker?

There are many factors that are important in selecting a Forex Broker. Quality of Execution, Low Spreads, Good Trading Software, Trust and Experience, and Amount of Margin Offered (Leverage). Please remember, the high levels of leverage used in Forex trading can magnify losses as well as gains.

The first thing that most people look at is the spread, and this is very justified. Paying too large a spread can make or break a trader. For example if a trader does three 1 lot trades a day in the Euro at FXCM they will pay $90 and only $60 at FXDD. This 1 pip difference in spread amounts to $600 a month difference!

The most profitable currency pairs

2008-07-30T18:44:00.001-07:00

The most profitable currency pairs

Rich from over at forexproject.com has written a post detailing which currency pairs have been most profitable for him. I find his results quite interesting because I think (I haven't actually looked at the numbers) by far the */JPY currency pairs have been most profitable for me as well.

Seeing that someone else has also found these currency pairs to be the most profitable is a good reason for me to focus on these currency pairs instead of trying my luck on the EUR/USD.

Here are Rich's results, I think you'll agree they are interesting!

USD/JPY: +3720
EUR/JPY: +2400
GBP/JPY: +1370
USD/CAD: +890
NZD/USD: +470
USD/CHF: +420
EUR/GBP: -70
AUD/USD: -130
GBP/USD: -$410
CHF/JPY: -650
EUR/USD: -$1430

Currency correlation

2008-07-08T09:56:00.000-07:00

Some currencies tend to move in the same direction, some — in opposite. This is a powerful knowledge for those who trade more than one currency pair. It helps to hedge, diversify or double profitable positions.

Statistically measured by performance, currency pairs are given so called "correlation coefficients" from +1 to -1.
A correlation of +1 means two currency pairs will move in the same direction 100% of the time. A correlation of -1 means they will move in the opposite direction 100% of the time. A correlation of zero means no relation between currency pairs exists. Information about current correlation coefficients can be found here: Currency Correlations Table

The example of strong positive correlation between two currency pairs is: GBP/USD and EUR/USD. They have a correlation coefficient of over +0.90, which means that when EUR/USD goes up, GBP/USD also goes up.

A well known sample of two opposite moving currency pairs is EUR/USD and USD/CHF, they have very high coefficient of over -0.90, which means that they move inversely almost 100% of the time!

Examples of same direction moving currency pairs are:

EUR/USD and GBP/USD
EUR/USD and NZD/USD
USD/CHF and USD/JPY
AUD/USD and GBP/USD
AUD/USD and EUR/USD

Inversely moving pairs are:

EUR/USD and USD/CHF
GBP/USD and USD/JPY
GBP/USD and USD/CHF
AUD/USD and USD/CAD
AUD/USD and USD/JPY

How a trader can use this information?
1. A very simple use is avoiding trades that cancel each other. For instance, knowing that EUR/USD and USD/CHF move inversely near-perfectly, there would be no point to go short on both positions as they eventually cancel each other (loss + profit).

1.a. However, there is a strategy of hedging one currency pair with another. Lets' take the same pairs: EUR/USD and USD/CHF. For example, a trader has opened long positions on both currency pairs. Since they move in opposite directions, if EUR/USD is making some losses, the other pair will go in profit. Hence, the total loss will not be as bad as if it would be without the second "backup trade". On the other hand, profits here are not large either.

2. When confident, a trader may double position size by placing same orders on parallel (moving in the same direction) currency pairs.

3. Another option would be to diversify risks in trade. For instance, AUD/USD and EUR/USD pairs have the correlation coefficient of about +0.70 which means that pairs are moving mostly in the same direction but not as perfect (which is what we need here). If we decide that USD is going to weaken, for example, we will go long and place half of buy order on AUD/USD currency pair, and half on EUR/USD. Splitting the orders will preserve trader's positions from sudden losing rallies (sudden "jumps" in price); and as these currencies move not 100% identical a trader will have some time to react adequately. Different monetary policies of different countries' banks also create an impact: when one currency will be less affected than the other and therefore will move slower.

fxdd Forex Rollover Rates

2008-06-30T05:50:00.000-07:00

Forex Rollover Rates

"CP (BC/CC)" "BUY Positions" "SELL Positions"
AUD/CAD 9.13 -12.43
AUD/JPY 15.83 -18.33
AUD/NZD -3.85 1.16
AUD/USD 11.20 -13.60
CAD/JPY 4.91 -7.96
CHF/JPY 2.50 -5.00
EUR/AUD -14.69 12.19
EUR/CAD 1.94 -5.24
EUR/CHF 7.52 -10.00
EUR/GBP -7.22 1.95
EUR/JPY 13.89 -15.83
EUR/USD 5.00 -7.80
GBP/CHF 14.29 -18.10
GBP/JPY 25.10 -25.56
GBP/USD 12.50 -15.50
NZD/USD 10.50 -13.50
USD/CAD -2.91 0.00
USD/CHF -2.00 -2.48
USD/JPY 3.98 -6.11
USD/MXN -14.48 9.66
XAG/USD 4.6585 -5.5444
XAU/USD 10.94669 -14.02397

The Daily Fozzy Method

2008-06-27T21:39:00.000-07:00

I only trade daily charts and only EUR/USD, GBP/USD, USD/JPY and USD/CHF. Why these? Primarily because these are the only ones I have backtested and have been trading for the last 3 months. I also tend not to trade Monday mornings (Australian time) as prices sometimes gap over the weekend. However, this is discretionary.

On each chart I have an 8 period RSI. I also have an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

Long Entries: RSI must be below the middle Bollinger Band. Enter long on the open of the next bar after the MA has crossed above the RSI.
Short entries: RSI must be above the middle Bollinger Band. Enter when MA crosses below RSI.

Stop loss is the low/high of the previous bar. I move S/L to break even if the price moves greater than 40 pips in my direction. After the initial 40 pip move I use a trailing stop for exits (25 pips).

I only look at the charts once per day, just before 0.00 GMT. This way I know which pairs are approaching my set-up. I then place trades if my criteria has been met. That's it. A simple system that seems to work for me. Looking at charts all day does not suit me as I have a real job and I'm not in a convenient timezone. 10 minutes a day is all I need. This method provides a limited number of trades but the trades can last anywhere from 1 day to numerous days. There can also be days on end with no trades. I have found that the secret is have patience. I also have come to believe those who say longer timeframes are easier, especially for newbies.

Correlation trading - no charts required

2008-06-27T21:32:00.000-07:00

Correlation trading - no charts required

This is a correlation trading system that assumes we don’t know where price is going. It uses two currency pairs (EUR/USD and USD/CHF) that only trades long positions (no shorts). The system doesn’t use Technical Analysis. It's all about money management and collecting swap interest.

Rules:

1) Use small equal position size dependent on your personal risk (currently testing a $5000 trading account using .1 lot for each position taken).

2) Enter a long for both pairs.

3) Enter a 100 pip take profit for both pairs based on rule #2.

4) Enter buy stop for both pairs at the take profit level based on rule #3 with a 100 pip take profit.

5) For the losing pair, position average (based on all open positions) using buy limits every 200 pips with a take profit set to break even for all averaged positions. Reset buy stop at this price level with a 100 pip stop loss.

by PIP_CHASER

Hedge Grid Trading System

2008-06-27T21:31:00.000-07:00

Hedge Grid Trading System
The Hedge Grid System assumes that the market will move sideways, since this is true most of the time the system will work well.
Basically we will open buy and sell orders (entry or pending orders) at the same price (hedging position) this two orders will have set a TP price. So as soon as one orders closes with profit we open two more orders (buy and sell at the current price, again this orders are entry orders). And create an entry order replacing the one that closed with profit. Here is a grid setup:

GBP/USD

SELL ENTRIES

ENTRY LOTS TARGET
2.0600 1.0000 2.0464
2.0460 1.0000 2.0324
2.0320 1.0000 2.0184
2.0180 1.0000 2.0044
2.0040 1.0000 1.9904
1.9900 1.0000 1.9764
1.9760 1.0000 1.9624
1.9620 1.0000 1.9484
1.9480 1.0000 1.9344
1.9340 1.0000 1.9204

BUY ENTRIES

ENTRY LOTS TARGET
2.0604 1.0000 2.0740
2.0464 1.0000 2.0600
2.0324 1.0000 2.0460
2.0184 1.0000 2.0320
2.0044 1.0000 2.0180
1.9904 1.0000 2.0040
1.9764 1.0000 1.9900
1.9624 1.0000 1.9760
1.9484 1.0000 1.9620
1.9344 1.0000 1.9480

These are pending orders, assuming 4 pips spread. For example lets say the current bid price is 2.0039 ask price is 2.0043, when the bid price reaches 2.0040 the ask price will be 2.0044, triggering a SELL at 2.0040 TP 1.9904 and a BUY at 2.0044 TP 2.0180 (tp are configured at 140 pips). We will call this ORDER 1.

ORDER 1 SELL 2.0040 TP 1.9904 BUY 2.0044 TP2.0180

Lets assume the price moves upward and reaches the next level (bid price 2.0180 ask price 2.0184) at this point the BUY order will close taking 140 pips profit. We open a second group of orders: SELL at 2.0180 TP 2.0044 and BUY at 2.0184 TP 2.0320. The current status is:

ORDER 1 SELL 2.0040 TP 1.9904 (Open -140 pips) BUY 2.0044 TP 2.0180 (Closed +140pips)
ORDER 2 SELL 2.0180 TP 2.0044 (Open) BUY 2.0184 TP 2.0320 (Open)

Cashed in pips: +140

Since we have 1 closed order, we must enter the same order at the same price (BUY at 2.0044 TP 2.0180) to mantain the hedge.

Lets assume the price falls to 2.0040 (bid) 2.0044 (ask). SELL #2 closes with profit. Since we have one sell currently open from the very beginning at this price only one pending order will be executed (BUY order). So the current status will be:

ORDER 1 SELL 2.0040 TP 1.9904 (Open 0 pips) BUY 2.0044 TP 2.0180 (Open)
ORDER 2 SELL 2.0180 TP 2.0044 (Closed +140 pips) BUY 2.0184 TP 2.0320 (Open -140 pips)

Cashed in pips: 280 Net profit: 140 (280 minus 140 from open orders).

So this is basically the idea behind the concept of trading the grid. We setup pending orders at different level prices, so when price reaches a level a BUY and a SELL order will be executed, once one closes at TP price, we only replace the one closed.

Like I said before Im demoing this system, and will do for at least a couple of months since this is a medium-long term strategy. The trick here is to use Daily chart as a reference of the price movement, and choose an appropiate grid gap size, for this example I used 140 pips on GBP/USD. Other currency pairs will need more or less grid gap sizes.

So, when will be the right moment to enter the grid?

Since this system doesnt work well if the price is trending and the original system rules didnt tell me when should I enter the grid, so I use RSI(100), when the level touches 50 I think is a good moment to enter, and RSI must be between 45-55, if RSI goes off this boundaries we should exit ALL positions. Another way to exit will be if you reach a 3rd or 4th level in your grid, but again, Im demoing and thats the reason I start this thread, to post my results.

I encourage you guys to demoing (if you havent done it yet) this system, and lets see the results. ok?

I will be posting my current grids status at night when I came home.

Forex Strategies

2008-06-27T21:24:00.000-07:00

http://www.ea-performance.com/forex-strategies/index.php

Hedge Grid Trading System
Correlation trading - no charts required
The Daily Fozzy Method
Reload this Page Trend Hugger System
a very simple EURUSD strategy
The art of Trading MAs
Part Time Wealth Building Trading System - Weekly Scalping
Trading the Daily by Bobokus
OzFx System-100-800 Pips Per Trade
Hedge Grid Trading System
The grid hedge - the core version
Super Carry Trade Trading System by Dreamliner
PowerSwing System For Long term trading
ISAKAS METHOD by kuskus Osentogg
False Breakout Filtering
The 3 Duck's Trading System
Power Trading
Daily 95 pips
Scalping GBP/Jpy on 5 min chart-by Imran Sait
Between 40-100 pips per Day
45 Pips Per Day System Eur/usd
Weekly breakout system - SIBKIS
CatFX50
Daily Scalping
Simple Combined Breakout System for EUR/USD and GBP/USD

http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/2870-amazing-gbp-jpy-indicator.html

2008-06-27T18:43:00.000-07:00

http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/2870-amazing-gbp-jpy-indicator.html

Rules Of Trading

Trade Only When Trend and Position Indicator Agree
Trade With Your Mind, Not Your Heart
Trade Actuarially. Trade With a Clear Goal in Mind !
Avoid Being A Psycho-Trader!
No System is Infallible! Risk No More Than 5 % Equity per Live Session
Accept Losses as Graciously as You Accept Profits
Get Potential Profit With Trailing Stop EA

If the price moves in opposite direction the system change the Stop Loss (SL) level so the worst
case scenario is that you exit this trade with break even, profit and minimize lost.

On MT4 minimum Trailing Stop : 15 but with this EA you can set only 5 point.

You can DOWNLOAD This EA For FREE in This LINK
and User Guide in This Link

Using this EA, You can set Take Profit (TP) at smaller Pips but with bigger Lot.
It Means, Making Bigger Potential Win at each Trade.

Remember Again: Please test the Indicator and the Trailing Stop EA in to your demo account first, better late then regret later.

Expert Advisor Builder for MetaTrader 4

2008-06-27T09:46:00.000-07:00

http://forex-guides.blogspot.com/2007/03/expert-advisor-builder-for-metatrader-4.html

http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/index.html

http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/forum/viewtopic.php?t=2

In this morning I find interesting website. It guides you to make an Expert advisor for MetaTrader 4 yourself, although you are not a programmer or someone like that. You just need three steps to build it. Here the steps:

1. Add Logics and input parameters.
2. Input Order options.
3. Click "Complete!" button.

I think all of you can build a useful EA both for your trading and for some friends'

Introduction

Expert Advisor Builder can easily create Expert Advisor for MetaTrader 4. *Please enable JavaScript.

1. Add Logics and input parameters.
2. Input Order options.
3. Click "Complete!" button.

If you'd like to save/load your settings, click "Save"/"Load" button.

* What's New(21 Oct. 2007)
o 21 Oct. 2007 Change template tags and user interface design.
o 24 Apr. 2007 Add the 'Template', to use your own MQL codes.
o 3 May. 2006 Add the function of sending mail.Switch 'SignalMail' variable of the property.
o 11 Apl. 2006 Support trading multi currencies at the same time.(Attach EAs to charts of currencies you'd like to have it trade.)
o 28 Jan. 2006 Add 'Save/Load' saves/loads your settings to/from the file.
o 11 Jan. 2006 Add 'Variables' can make you easily input the same indicators/parameters, mathematical operations and more advanced operations.
o 7 Jan. 2006 Support the immediate reversal entry.
o 5 Jan. 2006 [BugFix] Entry signals and Exit signals had been executed at the same time.
o 31 Dec. 2005 [BugFix] The StopLoss, TakeProfit options hadn't worked.Please modify the following part in the file had already been downloaded.
StopLossLevel = Ask - StopLoss * Point; -> if (StopLossMode) StopLossLevel = Ask - StopLoss * Point; else StopLossLevel = 0.0;
TakeProfitLevel = Ask + TakeProfit * Point; -> if (TakeProfitMode) TakeProfitLevel = Ask + TakeProfit * Point; else TakeProfitLevel = 0.0;
StopLossLevel = Bid + StopLoss * Point; -> if (StopLossMode) StopLossLevel = Bid + StopLoss * Point; else StopLossLevel = 0.0;
TakeProfitLevel = Bid - TakeProfit * Point; -> if (TakeProfitMode) TakeProfitLevel = Bid - TakeProfit * Point; else TakeProfitLevel = 0.0;
o 28 Dec. 2005 Add 'Symbol', 'Timeframe' parameters to the parameters form.
o 27 Dec. 2005 Add an extern setting of "Magic number" to the exporting file and insert it in comment fields in the Account History Log.
o 27 Dec. 2005 Add the link to indicator's images and the Website distribute custom indicators on the parameters form.
o 25 Dec. 2005 Add 'Custom Indicator' and some custom indicators on the indicators form.
o 25 Dec. 2005 [BugFix] The export file could not be compiled.(Please make line feed code CR + LF, and save the file has already been downloaded.)
o 23 Dec. 2005 Change from 'Close logics' to 'Close(Buy) logics/Close(Sell) logics'.
o 22 Dec. 2005 Add 'Collapse/Expand' on the parameters form.
o 17 Dec. 2005 Release.

In no event will author be liable for any damages whatsoever, including direct, indirect, special, consequential, incidental, exemplary, punitive or other damages such as lost profits or revenue, business interruption, data loss, costs of Replacement goods or damages to your computer equipment arising out of or in connection with the use of, or inability to use, this site or any other hyper linked Web site or the information contained or services offered at any of these sites, even if author is expressly advised of the possibility of such damages.Please use at your own risk.
MT4 Expert Advisor (EA) - Over $4600 profit in 9 days
Get yours and make easy $ www.therobotrader.com

Forex Auto Trading Solution expertadvisorsfx gbp jpy

2008-06-27T09:02:00.000-07:00

http://expertadvisorsfx.blogspot.com/

Introducing the Extreme Advisor for Meta Trader 4 (Auto Trading Solution)

If your Forex Auto Trading (Expert Advisor)
is not making thousand of dolors trading the
Forex market automatically in 1 month, you got a big problem, get rid of it and get the RIGHT SYSTEM!

Extreme Advisor system has taken over a year of testing and coding before coming to the market and this shows with the performance results. Trading forex is one of the few things that can make you immensely rich in a relatively short period of time and using this system even a complete amateur can trade the forex market successfully.

Please take a look at the performance below where you can see the trades detailed for last 4 months resulting in a clear profit, trading with full money management.

Extreme Advisor is 100% automated, simply attach the program to your Metatrader 4 (MT4) live trading account and then go about your daily business, this takes the emotion from trading and will not miss a trade night or day.

Most sellers of expert advisor given you an unbelievable results and such ridiculous claims , like you can make over 1000% return in 1/2 a year or making million of dollars in short period of time. If the system is so good then every body would be a millionaire already, right?

Let face the fact. No expert advisor can do that. But growing your bank each through various form of income from FOREX market is achievable with Extreme Advisor System.
Click the below to download:

User Guide: http://rapidshare.com/files/116193017/ExtremeAdvisors_User_Guide.txt.html

EA System: http://rapidshare.com/files/116192455/ExtremeAdvisor.mq4.html

RebateFX Free Forex Signals

2008-06-19T18:20:00.000-07:00

http://rebatefx.com/signals/when-are-these-forex-signals-updated

When are these Forex Signals updated?

Hi. If you are new to this blog, you might be wondering when the free forex signals are updated.

I do it twice per day.

1) Between 6:00am and 6:45am GMT Mon-Fri I post the main signals here in the blog. The signals are meant for London/European sessions but sometimes don’t trigger until the US session.

2) The second set of signals are posted a few minutes after 9PM GMT (New daily candle on FXFrench) and are for Swing trades. They are not posted all the time. Only when a good opportunity arises will I post a Swing signal. There are a few per month though.

I suggest using a trailing stop if your platform supports it or make sure you set your own break even or positive profit stop loss as you see fit.

This Free Forex Signals service will always be free. Why? It increased my site traffic and eventually through accounts opened at RebateFX.com it pays me anyway. What you get out of it is (hopefully :p) profitable signals and if you are a rebatefx client, a monthly rebate paid into your trading account.

You may visit http://www.rebatefx.com/register.html to open an account with RebateFX and earn a rebate like many others are already doing.

That’s it. If you have a question, feel free to comment or contact me through the main site.

Cheers!
News

US Treasuries rally on renewed financial stress and weaker equities
US Treasuries rally on renewed financial stress and weaker equities Treasuries rallied for a large part of the day, as concerns about the financials intensified. Rate hike expectations were cut back f ...

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Free forex signal

2008-06-15T02:30:00.000-07:00

http://moneymaker999.blogspot.com/
http://rebatefx.com/signals/

eu for monday trade setting:

buy stop 1.5405 stop loss 1.5370 tp1= 1.5455 tp2=5485 tp3=1.5530

fail 1.5405 waiting to 1.5350 sell triger

sell stop 1.5350 stop loss 1.5405 tp1=1.5305 tp2 1.5280 tp3=1.5205

Forex Trading Systems

2008-06-15T02:24:00.000-07:00

Forex Trading Systems: DIMONX6 + FORMULA 171322182723
Why would you pay a monthly fee to companies for forex trading signals when you can finally create them by yourself with our two forex advanced trading signal systems.

Our automatic forex trading signal systems called DIMONX6 & FORMULA 171322182723 will create the trading signals for you. Using computer trading programs to trade is becoming more popular these days. The software does the analytical work and you are left with the execution according to our User Guide. Online currency trading can be done from the comfort of your home.

After almost nine months of hard work we are finally ready to reveal our new Forex trading system called DIMONX6. Using computer programs to trade is becoming more popular these days. The computer software does the analytical work and you are left with the execution. You will have on your hands an forex trading system that will create the trading signals for you. You can use it for as long as you keep our program in your computer. Online currency trading can be done from the comfort of your home. Be part of it. Foreign currency trading is a business of the future.

Forex Signal GBP JPY

2008-06-15T02:15:00.001-07:00

Forex Signal GBP JPY

Forex Signal - Welcome!
The pupose of my blog is three fold: First to share my stories of success in Forex Signal Trading. Second, to provide insight and information for other Forex Signal traders. Finally, to hopefully get insight and information from other traders. So if you are a foreign currency trader, or if you want to become one, please read along and check back often. If you are not a foreign currency trader, then I suggested you stick around and read more because I have a theory that the next big investing thing is going to be Forex Trading, but I'll talk about my theories in a separate entry.

If you are interested in trading a GBP-JPY Forex signal we recommend www.iforexsignals.com. They are the top Forex Signals provider online and are the most profitable with their Forex trading system.

The foreign exchange business

2008-06-15T02:02:00.000-07:00

MUMBAI: The foreign exchange business went into a tizzy on Friday as a service tax on forex broking services came into effect. For retail customers, the levy makes buying and selling forex more expensive as most banks have hiked rates on transactions. However, confusion prevailed in the wholesale part of the business, which constitutes over 60% of foreign exchange sales in India. Several dealers in Mumbai suspended business, awaiting clarity on the levy.

The notification issued by CBDT says both ends of the forex transaction—buying and selling—would be taxed, on the lines of the securities transaction tax, which is applicable on stock market trades. Wholesale forex dealers, such as banks and full-fledged money changers (FFMC), say this would make the business unviable and complex. ``Margins on large forex transactions are wafer-thin, between 0.35% and 0.75%, and if 0.25% of this is paid as tax, there is nothing left,” said a representative of a large Mumbai-based forex dealer. Many FFMCs on Friday bought only about 5% of their normal forex requirement, preferring to wait for clarifications, market sources said.

The Foreign Exchange Dealers Association of India and the Indian Banks Association (IBA) are planning to take up the matter in a meeting with the finance ministry next week. Large banks and FFMCs, such as Travelex, Feroz Framroze and Reliance Money, dominate the bulk of the wholesale business. They buy most of their forex from authorised dealers like Thomas Cook India and banks. Their contention is that a dealer-to-dealer transaction should not be charged.

Speaking to ET, Thomas Cook India chief financial officer Vinayak Purohit said there is still a lot of confusion on the service tax issue. TCIL is the largest organised player in the forex business and did transactions worth over Rs 10,000 crore last year. About 60% of these are bulk deals with banks and other forex dealers. For large deals, the impact of the new tax could be substantial.

The impact on the retail trade is clearer, and smaller forex outfits—called restricted money changers in RBI classification—have already begun charging customers at either 0.25% of the transaction cost or a flat processing fee plus 12.36% of the fee as a service fee. The fixed fee varies between Rs 100 and Rs 500, depending on the size of the transaction. New rates have been put into effect by leading players like Citibank, HDFC Bank, Centurion Bank of Punjab while others like Union Bank and Bank of India are still awaiting instructions, industry sources said.

reliance Money

2008-06-15T01:46:00.000-07:00

reliance Money has certain features that make it much better than Kotak and Sharekhan
However, its you who is trading and you have to decide accordingly. Reliance offers you the best interface and also service. The main reason why people are shifting to Reliance is the cost factor. People used to pay a heavy brokerage all these days. But with Reliance money, you are just paying a flat fee of Rs 250 per month as brokerage and you can trade upto Rs. 1 crore. When you use the 1 crore limit, you can again recharge the account for Rs. 250 and continue. Its very simple

I am a dealer for Reliance Money and I think, its my duty to furnish all the details to ensure that you get the total information. So, I have added some additional information which will tell you more details about Reliance Money
Reliance Money- a single window for all your financial transaction needs

About Reliance Money
We all know the effect of the word Reliance on us. A company which has entered almost every arena of business and created wonders. Every project taken up by the company turns into a golden project. The company has something, which we can call as, The Midas Touch. Well, Reliance Money is the electronic transaction platform associated with Reliance Capital; one of India's leading and fastest growing private sector financial services companies, ranked amongst the top 3 private sector financial services and banking companies, in terms of net worth

What is Reliance Money?
Relaince Money offers a comprehensive platform, offering an investment avenue for a wide range of asset classes. Its endeavour is to change the way India transacts in financial markets and avails financial services. Reliance Money offers a single window facility, enabing you to access, amongst others Equity, Equity and Commodity Derivatives, Offshore Investments, IPOs, Mutual Funds, Lief Insurance and General Insurance products

Why Reliance Money?
Reliance Money is the most cost-effective, convenient and secure way to transact in a wide range of financial products and services
The highlights of Reliance money's offerings are:
Cost-effective
The fee charged by the affiliates of Reliance Money, through whom the transactions can be placed, is among the lowest charged in the present scenario. Pay a flat fee of just Rs. 500/- valid for 2 months or specified transactional value
Note: The facility of trading is subject to expiry of the validity period or value limit, whichever comes first

Illustrations depicting fee structure and validity limits
Access fee- Rs. 500
Validity- Time validity of 2 months or Turnover validity of Rs. 1 cr., whichever is earlier
Turnover limit- Non-delivery turnover of Rs. 90 lac, Delivery turnover of Rs. 10 lac

Access fee- Rs. 1350
Validity- Time validity of 6 months or Turnover validity of Rs. 3 cr., whichever is earlier
Turnover limit- Non-delivery turnover of Rs. 2.7 cr., Delivery turnover of Rs. 30 lac

Access fee- Rs. 2500
Validity- Time validity of 12 months or Turnover validity of Rs. 6 cr., whichever is earlier
Turnover limit- Non-delivery turnover of Rs. 5.4 cr., Delivery turnover of Rs. 60 lac
Note: Unutilized delivery limit may be added to Non-delivery limit

Convenience
You have the flexibility to access Reliance Money services in Multiple ways: through the Internet, Transaction Kiosks, Call & Transact (phone) or seek assistance through our Business Partners

Security
Reliance Money provides secure access through an electronic token that flashes a unique security number every 32 seconds (and ensures that the number used for earlier transaction is discarded). This number works as a third level password that keeps your account extra safe

Single window for multiple products
Reliance Money, through its affiliates/partners, facilitates transactions in Equity, Equity & Commodity Derivatives, Offshore Investments, Mutual Funds, IPOs, Life Insurance and General Insurance products
Note: All overseas investments are subject to rules, regulations and guidelines of the Reserve Bank of India as laid down from time to time

3 in 1 integrated access
Reliance Money offers integrated access to your banking, trading and demat account. You can transact without the hassle of writing cheques

Demat account with Reliance Capital
Hassle free demat account with Reliance Capital. The Annual Maintainance Charge for the Demat Account is just Rs. 50/- per annum

Other Services
Through the portal www.reliancemoney.com, Reliance Money provides:
a. Reliable research, including views of external experts with an enviable track record
b. Live news from Reuters and Dow Jones
c. CEOs'/experts' views on the economy and financial markets
d. The Personal finance section provides tools tha help you plan your investments, retirement, tax, etc
e. Analyse your risk profile through the Risk Analyser
f. Get a suitable investment portfoilio using the Asset Allocator

For more details, please do write to me dr_puneet_ca@yahoo.co.in

And please ensure that, in case you are willing to open an account, please contact me and I will do it. I too will be benefitted by your help. In fact, you will help me a lot

* 1 year ago

Source(s):
I am working for LIC of India as an Insurance Advisor. I am also dealing into mutual funds, demat accounts and other financial products. you may wish to contact me on 9986627367 or mail me on dr_puneet_ca@yahoo.co.in

Forex - Forex Trading: Basic Concepts

2008-06-15T01:43:00.000-07:00

Forex - Forex Trading: Basic Concepts

Understanding Position Liquidation

Liquidation is the next step to margin call if the account is not topped-up or the position(s) don’t start moving in the favour of the client.

In case of margin calls, a client has the option to either liquidate/close one/more of his open positions; liquidation occurs when a client’s open positions are closed by the trading-system itself when the account equity has fallen down to a pre-defined percentage of the margin requirement.

Hence, if the Account Equity falls below $ 175, Liquidation is triggered. Liquidation process continues till Account Equity = Margin Requirement.

Liquidation always starts by closing out the position which requires the largest margin- in the above case that may be USDJPY or EURUSD. If liquidation of the first position equates the Account Equity to Margin Requirement, the process stops; else it continues to the next open position.

FOREX DAIRY

2008-06-15T01:31:00.000-07:00

13-Year Trading Veteran And Forex Trainer Finally Reveals...
"The Most Powerful Forex Tool That You've Ever Seen Practically Forces You To Increase Your Trading Strengths... Kicking Your Trading Profit Into Massive Overdrive From Right Now..."
... How Much More Of Your Hard-Earned Money Are You Willing To Throw Away Because Of Poor Analysis? Stop Burning Your Cash And Read On To Secure Your Piece Of This 2 Trillion Dollar-A-Day FOREX Pie

(Warning: This is not a typical Forex product)
From the desk of Steve Harsant
Forex Trader and Trainer of 13 Yearsand Co-Designer Of The Forex Trading Diary
Dear fellow trader,
I hve traded the markets for just on 13 years now, and it took me 3 years of trial and error (mainly error) to finally make consistently profitable trades. I've traded most markets including the stocks and futures markets, and I now exclusively trade the Forex market.
Always looking for the holy grail, it wasn't until I realized the importance of effective record-keeping and analysis that I finally "got it". The pieces finally clicked into place.
You can purchase and try all of the trading systems in the world searching for the "silver bullet", but until you have the ability to keep effective records and stick to your trading plan you will not understand what works and what doesn't or whether that system is even right for you.
Approximately 3 and 1/2 years ago after seeing the endless flow of B.S. trading systems and trainers out there, I began to train people in the Forex market myself. It was here and after a period of time teaching that I finally saw the difference between traders that kept good records, and those that don't. I also noticed a large margin of success for the traders that have a written trading plan as well as the discipline in keeping to it.
So how can we stick to a trading plan if we don't have good records? It's impossible.
After searching for an effective piece of software that would assist traders in doing this, I gave up in disgust and decided to build one that would have all the features and functions that I would personally want in a piece of software.
I approached 2 software developers that I knew were competant enough to implement the ideas and strategies I had designed, to create this software at the high level of quality it needed to be. Thinking it would take maybe 3 months, it took 6 months to get the software to that level.
Now you have the opportunity to have your trades automatically tracked, the ability to finally stick to your trading plan, and the ability to reach the standard of trading professionalism that most traders never reach.
I hope you enjoy our product as much as my traders and I do!
This will only take a moment... but let me ask you something. Are you aware...

That at best, only one out of ten Forex traders keep a solid track-record of their trades for analysis after they trade?
That keeping such a poor track-record of the trades you make can only mean that poor analysis is being performed?
And if the analysis you're doing is poor... then how can you know what you are doing right or wrong to increase your profit?

Now actually imagine having a powerful Forex application that fully automates the recording, analysis, graphing, screenshots and video of every single trade that you make.
Having the edge in analysis that the top Forex traders took years to discover and use to make countless profitable trades... and with a lot less time and energy.
Gone are the days of time-consuming printing and writing analysis of your trades...

Gone are the days trying to figure out what you're doing right and wrong with your trading...
... And gone are the days of struggling to find your own trading strengths and weaknesses, that no "system" can give you.
Because if you knew where your personal strengths were, you would avoid many of the losses many traders face every day.
Learn How To Break Through The Blocks That Are Stopping You From Achieving The Level Of Trading Success That You Deserve
Introducing...

"The Difference Between Mediocre And Successful Trading"
"Brilliant, brilliant... I have wasted so much money on buying useless trading systems costing more than ten times what I paid for the Forex Trading Diary. For me, the diary has meant the difference between mediocre and successful trading."

- Margaret, Brisbane, Australia
Satisfied Customer
Literally Feel Your Trading Results Sky-Rocket And Finally Gain The Confidence You Need To Reach That Next Level
This Feature Video Will Show You How...

As you can see, the Trading Diary has a lot to offer every level of Forex trader...

If you're a beginner it will ensure you start out on the right foot. Good habits introduced early will increase the rate at which you learn and improve.

If you're an intermediate to advanced trader, it will ensure strong analysis and record-keeping, giving you extra time to focus on the other areas of your trading.

Here are some of the most important features that you can look forward to when you use the Trading Diary...
Special Account Control And Multiple Platforms
Analyze every trade over any number of selectable trading accounts or supported platforms
Recorded Real-Time Videos For Every Trade

You can choose to record videos of your trades to enhance your learning
Screenshots Of Entry and Exit Points

Multiple Screenshots of your trade are taken exactly as you view your charts over every timeframe open, and are displayed for Entries and Exits
Special Graphing Features

View graphical data several different ways across all time periods
Several Choices Of View-Types

View your trade list with our special listing types including Single Days, Individual Currency Pairs and Market Session

11 Other Special Features To Look Forward To...
Track your Pip growth (or loss) over time to increase your strategy
Displays statistics and analysis over every trade and time peri

The ability to mark trades as "Star" or "Bad" Trades for future reference

View a compiled list of trades in tree-view or calender view
*

Hide the trades you don't want to display or analyze
*

Send the screenshots or graphs to your friends or colleagues
*

Print the page of your trade for easy viewing away from your computer
*

Add notes to any trade to keep track and assist your progress
*

Import all of your past trade history through your trading platform
*

Records and analyzes your trade data without Trading Diary even running
*

6 months of included free updates to our software, so that you always have the best

And much more

5 Confidence Boosting, Supercharged Reasons To Lock The Trading Diary Into Your Trading Toolkit Forever

Imagine...

Knowing that if you had an 80% success-rate shorting a certain pair, that you could actually build on that strength and take advantage of its profitability

Separating your better-performing currency pairs from the weaker ones, so that you can eliminate the less-profitable risks and boost the results with your stronger ones
Realising that the market behaves differently depending on what day it is, and focussing your trading on days that are worth more to you

Re-watching live recorded videos of your trading to understand the behavior of the markets that you trade, improving your decision-making skills and confidence

Discovering whether you exit too early during profitable trades, or stay for too long in unprofitable trades

And there are so many more benefits

What It Could Cost You If You Don't Own The Trading Diary

How many more unprofitable trading decisions will you make before you discover the importance of keeping solid records and analyzing all of your trades?
No trader can make good decisions without proper analysis. The first rule in trading is to have a trading plan, but how will you know if you are following the rules of your trading plan?
One way would be guessing. Or, you could invest into your trading development by ensuring you're accepting nothing but the best in this area of your trading.
There is no guesswork with The Forex Trading Diary. All of the information you need is at your finger-tips

You've seen how easy The Forex Trading Diary works.
You've seen first-hand the amazing features and options that combine with the accurate analysis to ensure increased trading success

And You've seen how the Forex Trading Diary will assist you in avoiding those unprofitable trading decisions, every day.

Click Here To Get The Forex Trading Diary Now

Right Here Are The Incredible Results You Will Miss Out On If You Do Not Get This Area Of Your Trading Handled
Higher Probability of Winning Trades

Place trades with pin-point precision and learn which techniques you use are in your favor.
A Clear, Concise and Easy to Follow Software Package

With simple user-friendly graphical features and full tutorial videos, it cannot get easier to use.
Fewer Fundamental Trading Errors

Trade like a veteran and have this extra sense help you avoid the mistakes made by traders.
The Trading Safeguards

That will help you stay out of the market during dangerous market trading times and conditions.
IDEAL For Forex Scalping or Day Trading

You do not have to be a full-time trader, this product is ALSO ideal for day and scalp traders.

Instt Download - Fast Set-Up

Once you purchase, the link will be sent immediately to your e-mail inbox... even at 3am!

No Monthly or Hidden Costs

Our purchase price gives you the complete software download with no added costs involved.
Can Be Used With ALL Currency Pairs

If we support your trading platform then it doesn't matter what currency you prefer to trade.

Stick To Your Trading Plan

It will show you where you're going right and wrong which you can compare to your plan.
FREE Updates

We always come up with new ways to analyze trades. You get 6-months of updates for FREE

What Are You Waiting For? Reserve Your Copy Of The Forex Trading Diary

How Much Is Trading Success Worth To You?
You're probably wondering how you can get this amazing software and what it'll cost you.

If I listened to what others have told me to charge, you'd be able to get it for $497. And at that price, this would be a real bargain. This brilliant software is worth every cent of it.

But I want new as well as seasoned traders to be able to afford this.

So you have the opportunity to get this amazing product for only $199.

"Truly Fantastic!"
know I am a rare breed of trader in that I keep fastidious paper records of my trades, however it is time consuming AND cumbersome. With the Forex Trading Diary I always have my records with me at my fingertips...... so convenient, so user friendly, a crucial part of my trading analysis. The Diary is truly fantastic!

- Faye, SA, Australia

"Covers My Record-Keeping Deficiency"

"Recording my trades is something I always plan on doing...but never get around to it!!

The Trading Diary has helped cover this deficiency.... I have gained so much in being able to review my entry and exit points, especially being able to watch the video format of the trade."

- Bob, Victoria, Australia

"Has Helped Me Develop A Far More Effective Trading Plan"

"Currency Trading is secondary to my main career but I take it very seriously. With limited spare time on my hands the Forex Trading Diary gives me extra time to fully analyse my trades. The data that is produced has given me greater insight into my weakness and has helped me develop a far more effective trading plan. Something I had previously neglected."

- David, Leeds, United Kingdom

Lock In Your Own Personal Copy Of The Forex Trading Diary By Purchasing Today

Loading Secure Paypal Payment Gateway........
We Thank-you For Your Patience.
Trading Diary Priority Purchase Form

YES!
I'm ready to take my trading to the next level by purchasing the Forex Trading Diary... The only software that can automatically record and analyze all of my trades.

(Watch the above video to become more comfortable with our purchase process)

My investment of $297 $199 USD will give me the instant, complete software download with 6 months of free subscribed updates.

I understand that the level of success that I achieve during my trading comes down to my own strategy and is my responsibility.

Click Here To Purchase The Forex Trading Diary For $297 $199 USD

Purchase online safely and securely. All major credit cards welcome. Your payment is processed by Paypal. If you have any problems, please e-mail support@forextradingdiary.com
"The Benefit... Has Been Huge!"
"I can't believe I had to trade so long without the aid of an automated diary. Using the trading diary has left me no excuse not to study the execution of my trades
The benefit to my trading has been huge!"
- Ray, Los Angeles, United States
Loyal Trader

Click Here To Contact Us | Forex Trading Diary Forum

MetaTrader 4 is a product of MetaQuotes Corp. © 2000-2008 and has no Affiliation with BJDGROUP or The Forex Trading Diary.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

All information on this website or any software or information products purchased from this website is for educational purposes only and is not intended to provide financial advice. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold BJDGROUP, The Forex Trading Diary and any authorized distributors of this information harmless in any and all ways.
Forex Trading Diary. 2008. All rights reserved. The use of this software constitutes acceptance of our user agreement.

Bernanke

2008-06-03T18:06:00.001-07:00

The chairman of the Federal Reserve Bank (FED), Ben Bernanke, speaks. This means he will be addressing some conference which will be followed by the media. Many Forex investors are watching this event with a close eye.

What the professional traders are doing is mostly trying to read between the lines of what Bernanke says in order to understand his position regarding the economy. Most importantly they are looking for direct or indirect clues to the FED's next course of action. Anything that would signal a change of the FED's policy regarding interest rates would impact heavily on the Forex market. Concern for inflation can also be seen as a positive sign for the dollar.

As chairman of the FED, Bernanke has the power to move markets significantly with the force of his words alone. I doubt if any one else in the world has so much influence on the dollar as much as the Chairman of the Fed has. That's why he is usually choosing his words carefully, avoiding specifics. So it is not always easy and clear to understand what exactly his intentions are.

However, If you learn how to read between the lines on those speeches and understand the meaning behind it, you will surly be able to translate it into a lot of cash. It Doesn't matter if you trade the short or the long term.
You can usually see Ben's speech live on T.V business channels like Bloomberg or CNBC, or alliteratively wait for the reviews on various news websites.

You can also catch Bloomberg live on the internet here
http://www.bloomberg.com/tvradio/tv/

Ganes

2008-06-03T05:32:00.000-07:00

Hi, my name is Ganes. I live in Indonesia, in Central Java or Jawa Tengah province. I’m individual forex trader. The only pair I trade is GBP/USD andGBP/JPY. I’m 99% technical trader, which is mean that i dont really care about the “News”. This blog is simply a continuation of my Free Forex Signal blog.

My main technique is based on 4H chart, so you might categorize me as “swing trader”. However, i still trade on daily base, a day trading. I create this blog not to act as a “master trader” though. NO, i just wanna share what i know and wanna hear some that i might haven’t knew yet. So, please dont deem me as a Forex Guru or something similar. It would be better if you consider this blog as my trading journal :) I write on here for two main reasons, first is to keep my experience and forex knowledge recorded, and second is to get a feedback or comments.So please do not be hesitate to give a comment on any post or giving some contribution here whether it is a forex article, strategy or might be a forecasting.I always believe that experience is the best teacher,and more if we share those experience.

My Forex Signal

Since i wrote my Free Forex Signals blog there has been so many response. Mostly good response, though still some negative too. From all response,i often got this question “do you trade this signal?” and this comment “it seems like a daily pivot system” or this “It is WSS system right?“.

Let me write a simple answer here, hope this help all of you understand. Yes, that’s true I trade using my own signal. Though you should note that this is not my only technique. I still have 2 other techniques that i usually use.

I provide free forex signal mostly for those who haven’t got their own trading technique. It’s widely known that most forex tutorial out there telling us to have our own technique. As my experience in forex learning, i know that finding our own trading technique is not simple. It’s really need a time, while we usually dont have enough patient to ‘get in to the trade’. So, why not let other following my trade while they’re trying to get their own trading technique?

My forex signal is based on daily pivot strategy, even WSS system is based on this too. So, it’s definitely wrong to say that my signal is based on WSS system. The right statement should be “both my signal dan WSS system is based on daily pivot strategy“. Please have your mind clear on it :)

Last -but not least- i also would like to have some new friends with the same interest in forex trading. If you dont mind to be one of my new friend or just wanna know me more (find out whether i’m a real person or not.. lol) here are my friendster. And these are me on Yahoo, on clearblog, on blogster, on sulekha, on bloggerteam

Support and Endorsement

You know that this blog is previously planned to be my personal trading journal. As time goes by, Iâ€™ve found that more visitors need more basic forex trading info and tips. Iâ€™m on the way of making this blog as more comprehensive resource of forex trading. Itâ€™s indeed need more energy and really more time consuming.

Shortly and frankly speaking, Iâ€™ll really appreciate any support and endorsement from you. Of course, you donâ€™t have to do me a favor â€” you can keep reading, and there will be no hard feelings either way. However, if you do, you will have the satisfaction of knowing that you have helped someone out today. Your support will be meaningful not only for me, but also for all of Pipholic readers.

You can show your support and endorsement by doing one or all of the following:

1. Drop me any suggestion/questions
You can do so by posting a comment on any post .You can also send me message using Contact Form or directly to admin@pipholic.com
2. Share your experience with any forex broker in the Forex Broker Review section.
3. Subscribe to Pipholic RSS by Email
4. Subscribe to Pipholic RSS using RSS readers
5. Join with mybloglog community
6. Fave Pipholic at Technorati
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Trading Plan for SuccessTrading Image

2008-05-31T20:56:00.000-07:00

Trading Plan for SuccessTrading Image

http://www.net-planet.org/your-trading-plan-for-success.html

All traders need to have a trading plan that reflects their risk tolerance, investment objectives. Trading is a business and you need to have a business plan and trading is no different.

Regardless of the trading method you use, or your exact objectives you will find the PDF on this page will give you the basics to build your personal trading plan.

Your trading plan is your roadmap to consistent capital gains, so take a bit of time to get it right and plan for success. Simply download the free guide on the right and get started right away. Good luck

Live The Dream!

Become a Successful Forex Trader from Home

Make Big Consistent Profits in Less Than 30 Min Per Day

NO Previous Trading Experience Necessary

Simple Easy To Understand Fully Explained Logic

Try it completely RISK FREE!

Forex trading is one of the few ways to build wealth quickly; everything about successful trading can be specifically learned by ANYONE with the desire to succeed.

Here we will show you how to build big consistent profits in less than 30 minutes per day - even if you have never traded before

The ONLY Way to Make Forex Profits

Thousands of new and inexperienced traders are charged hundreds, even thousands of dollars by self proclaimed experts for mechanical buy and sell signal systems which they claim will generate profits without you making any effort!

Guess what?

They will ALL lose you money.

"Thanks for your course and daily newsletters. Made $7,552 in my first month trading - hope there is more to come! God bless you and your team"

Miss A Turner - Cannes France

If trading was that simple, then everyone would be traders and no one would work!

Listen to what I Say, as I am no self proclaimed expert I am a trader with 25 years experience and will tell you - if you want to achieve financial freedom understand this fact.

95% of traders fail - who is to blame? Bad luck? The Markets?

No.

Trading success has nothing to do with luck - it has everything to do with YOU.

If you don’t want to learn and are not prepared to put in any effort, you won’t win at forex trading. If you want to make money in life it requires you learn skills.

The good news is that if you apply yourself and learn you can learn skills quickly and easily, that will last a lifetime and put you on:

The Road to Financial Freedom

It’s within your grasp!

If you have just 30 minutes a day, you could soon be piling up triple digit profits -consistently.

A PROVEN System for Triple Digit Profits

This course is your complete step-by-step guide to trading success -if you have the desire and want to succeed, we will provide all the rest of the info you need.

Our Velocity Breakout Method (VBM) is the culmination of 22 years of trading experience and will help you get the odds on your side for bigger consistent profits – its makes us great profits and will work for you to.

It’s simple to understand, easy to apply, takes just 30 minutes a day – then you can get on with something else.

Why the VBM Works

The VBM is a system that shows you how to take advantage of shifts in price momentum and velocity, near important support and resistance points.

This gives you advance warning of whether support and resistance levels will hold or break, so you can position yourself for big profits.

Get Clear Confirmation Of Trend Changes In ADVANCE!

The big advantage of the VBM is there’s no guessing, predicting or hoping where prices may go - The VBM gives you CONFIRMATION.

The VBM gives you shifts in price velocity that CONFIRM, where prices are likely to go next, so you can trade with the odds firmly in your favor.

If you have the odds on your side, you can soon be trading for triple digit profits!

You Can Personalize It

The VBM is NOT a system that’s simply a number sequence and totally mechanical – it allows you to personalize it

It allows you to adjust the system to suit your individual trading personality

* Use it to swing trade short term
* Use it to catch long term trends
* Use it to trade both
* All trades are MANUALLY approved for total risk control

You’re in control and can fit it to your trading personality and so you can get used the system we will show you how to.

Sharpen Your Trading Skills with Our Support

While you getting used to the VBM method of trading, you can watch how we trade it.

This will allow you to see its profit potential yourself and let you sharpen your trading skills alongside us.

We provide daily, weekly, and Special Situations Report - so you can see EXACTLY how we trade the big profitable trends and get real time Forex education from the trenches.

You Will Learn the Following with Our Material

1 # Introduction to the VBM 2 X PDFS

70 pages of clear, concise material which explains the logic of our methods and how you can use them to build long term wealth in currency trading.

From the material you will discover the following:

Get advance warning of tops and bottoms in any time frame.

Use a simple 5 step process to trade each currency.

Learn which currencies are about to produce mega moves with two little known indicators.

Find out how to place stops to minimize risk and increase rewards.

Learn How NOT to get stopped out to soon so you can ride the big trends.

Learn how a simple profit taking signal to bank more money.

Learn how to double up your profit potential on ANY trade with 3 simple tips

Why Following conventional wisdom causes losses for most traders.

Learn the key elements to turn you from a good trader into a millionaire trader.

How to get more profits from each Trade even though you are trading the same currency as many other traders.

How to construct a trading plan for bigger profits.

+ Much more !!!

You get a complete roadmap for BIGGER trading profits and it’s simple to understand and learn these tools even for novice traders!

You will however get further support to sharpen your trading skills

2 # Forex Profits Update

We are traders and trade our system everyday and you will get all our thoughts on the best opportunities by getting access to our Forex Profits Update – FREE for two months

You get weekly and daily reports showing you the best opportunities as they shape up and how to capture them for big profit potential.

"The logic is so simple! Its obvious why this system works and will continue to do so and thats what I really like about it - it gives me confidence. My trading has seen 3 months straight profits, delighted with all the material - Thanks again"

Martin J - Sao Paulo Brazil

"After years of trying to "beat the market" and falling for systems that sell the "free lunch" concept its nice to be using one thats simple, honest and profitable"

V Alexankin - Moscow

"The sentiment indiactors for contrary trades are great! I had never used them before.. sold the record net long speculative position in the B Pound and caught a $3,050 profit in a couple of days- thanks for these tools their fantastic"

Sonia Kristina - Oslo Norway

"I have been using the VBM for swing trading and love the 3 step set up its so easy yet I have been banking excellent profits for 4 straight months. A great stress free way to trade thanks again"

Dr Asmail - UAE

Frequently Asked Questions

Q: Do you trade and if so how long?

A: Yes unlike many people selling online, who are just marketing companies simply selling systems with simulated back tested systems - were traders. All our team has been trading for over 20 years and each day, we publish our view of the market so you can see how our system works.

Q: Can anyone learn to trade?

A: Of course. Everything about trading can be specifically learned. This was proved by Richard Dennis in 1983, when in just 14 days, he taught a group of people with no experience, to trade and they made him $100 million in 4 years. I am not saying you will earn millions but everyone has the potential to earn a lucrative income and enjoy currency trading success.

Q: If anyone can learn to trade why do 95% of traders fail?

A: Because most traders are naïve lazy or both. they won’t make the effort to learn the right forex education. Most simply buy an automatic system (with a worthless simulated track record) from a vendor and think they will get rich with no effort – that’s not real life. If you want to make money you need to do your homework, if you do you can make a lot of money.

Q: So no one else can give me success?

A: Correct – someone can lead you to success by teaching you but you are responsible for your own destiny and that’s not just true in forex trading, that’s true in life generally. We can give you all the support and the tools but you need to apply them, it’s as simple as that.

Q: There are lots of systems why would I Buy Yours?

A: Firstly, it’s logical, easy to understand, easy to apply and it works. Secondly, we are traders and we will help you with daily newsletters and a dedicated advisor to answer any queries you may have. Finally, it gives you a trading edge, by a unique blend of technical analysis and sentiment analysis to generate high odds trades.

Were traders and we walk the walk - most system vendors have never traded in their lives and simply talk the talk, they try and sell worthless back tested simulations - but we can all make money in hindsight doing that.

Q: How Long Does your system take to apply?

A: It requires you to look at set ups once or twice a day and that’s it. The system Should take you no more than 30 minutes daily and you can customize it, to take as much or as little risk as you wish.

Q: What Guarantee do I get it works?

A: You are taking our word that we can teach you to trade and you on the other hand have a right to your money back if we don’t deliver. We therefore provide you with 100% refund (no handling fees deducted) if you feel we have not delivered what we say in the first two months. We make every effort to ensure your success from 150 pages of clear concise material on the system, daily and weekly updates and unlimited email support.

Q: What do you like about currency trading?

A: There is no other occupation that can give you such high rewards for 30 minutes work a day. Forex trading can be learned by anyone, is fun, exciting and can be very profitable. Anyone has the potential to be a trader from home and earn a very lucrative income and build long term wealth. Forex trading is the final frontier of the free market economy and allows traders to start with small stakes and in many instances build a life changing income - if you have the desire to succeed and a willingness to learn, your all set.

You Will Benefit From The Following When You Subsribe:

Your VBM Course

9 reports contianing over 150 pages of wealth building material, telling you everything you need to know - from the basics of currency trading, through to the system and how to apply it, for maximum profits. EVERYTHING you need to know is outlined in clear, concise English, so you can start catching the big profits from the big moves.

Daily & Weekly Updates

Follow all the best opportunities with us! Each day we give you all the info you need to spot the BIG profitable trends in advance and make big profits. In addition to daily reports we round up all the action weekly to keep you one step ahead.

Full Unlimted email Support

Were traders ourselves and offer you unlimited email support - got a question? email us and we will be back to you within 24 hours. Were here to help, so email us any queries and we are delighted to assist you with any questions or queries you may have.

4 Principles of Successful Trading

2008-05-31T20:45:00.000-07:00

4 Principles of Successful Trading
http://www.tssupport.com/services/free/

Why do successful traders keep making money year after year, while the newbies loose everything within the first few months? What is it that most beginners get wrong? How do successful traders know what's right?
May 2008
From Andrew Kirillov,
Founder of TS Support

Dear Fellow Trader,

My colleagues and I often get asked how to succeed in trading. In fact, we have been asked this question so many times, that I have finally decided to write a trading report - a report that will give you the straightforward and easy-to-follow advice on how to become a better trader.

Unlike most trading advice articles, this report is written in a clear, plain-English manner. I am going to describe the very essence of the problem in a concise and coherent way. You will read about the major mistakes that prevent traders from making money and will learn the basic principles that took successful traders years and thousands of dollars to discover. All the facts in this report are based on years of observation and can be easily checked.

Don't Make the Same Old Mistakes

Although there is a lot of information on trading out there, all newbies make (and keep making over and over) the same costly mistakes. Most of those mistakes result from a novice's desire to make money fast and without much effort. Adding to their confusion, are all those advertisements promising easy profits at the click of a button. Reading this report will save you a lot of money and time. If you are prepared to invest some effort, you will soon learn how to trade successfully.

If you have only recently learned about trading and are looking for more information, please read the report up to the end.

You Keep Trading but the Results Don't Match Your Expectations

If you have been trading for several months or years, I am sure that you have already spent a lot of time and money on books, indicators, seminars, newsletters and other 'educational' materials.

I am positive that all the money and effort you have invested have not yet brought the results you were hoping for.

Over the years, I have worked with many customers and have seen hundreds of different methods to analyze the market. Showing amazing results when advertised by their developers, those methods brought nothing but disappointment and heavy losses to the traders.

Every time when yet another customer would contact me about programming his or her studies or modifying some indicators, I would feel surprised there were so many useless trading strategies in the world.

However, There Are Trading Methods That Work

Eventually, I started wondering if profitable trading strategies existed at all. Of course there are all kinds of strategy developers claiming that their trading techniques are the sure way to become a millionaire. However, one has to be pretty naive to believe that someone would disclose their money-making trading secrets - even for thousands of dollars. However, you don't need to know those secrets. All you need to know is a few basic principles that will allow you stop making those mistakes costing you so much money.

The Data You Can Trust

I have talked to the customers who have been with us for many years and have been gaining steady profits all the time. I have also analyzed lots of statistics on the work of the best Commodity Trading Advisors over the past 10 years.

The summary of my research has been presented in my report. I am sure reading this report will help you improve your trading results dramatically.

You'll discover:

• How You Can Recognize the Trading Methods That Work
• What Successful Traders Use
• How to Make Your Profits More Consistent
• How the Money-Making Process Can Be Automated

With kind regards,
Andrew Kirillov

Forex Trading Machines

2008-05-31T03:52:00.000-07:00

Forex Trading Machines

Forex trading presents a real opportunity to achieve huge financial profits. All that you need is to tread in the market sensibly and use the tools available. Forex trading machine is one such tool. They are automated trading platforms through which you can trade into the market without having in-depth knowledge on forex.

Day by day, forex trading is becoming the most popular alternative career for people from every walk of life. Forex trading machines or the automated trading platforms are making life easier for them. To them it is the dream machine to trade forex that helps them to take each and every decision for their trading.

For veteran traders, forex trading machines are a place for experimenting different trading strategies. According to seasoned forex traders price driven forex trading or PDFT is one such strategy that works like a forex trading machine, churning out profits from every trade.

PDFT is a method free of technical indicators or any other trading tool. Therefore, according to experienced traders, this system works like a forex trading machine which is perfectly mechanical. Anyone will be able to trade following simple instructions given by the automated system.

But this exceedingly powerful forex trading machine can be exploited to its fullest potential with little innovation and understanding. If you learn the tricks of the trade, you will be able to use the ‘machine' even better. You must try to learn the essential basics of the forex trade before you actually start the trading.

An e-book by Avi Frister titled "Forex Trading Machine" introduces the readers to the forex market without bothering them with technical and fundamental indicators. The book is easy to understand and use. "Forex Trading Machine" will not teach you pivots, chart patterns, MA's or other techniques that demands your experience or judgment.

Instead, it focuses on strict entry and exit rules on basis of price action that eliminates subjectivity from trading. The author claims that after going through the steps, you would be able to trade like a ‘robot' with guaranteed profits.

Introductory chapters of "Forex Trading Machine" informs the reader about basics of the forex including explanation of currency quotes, pips, margins, daily ranges, technical and fundamental analysis etc. The book also describes how one can develop a disciplined trading strategy, control over emotion like fear and greed, watch the market for assessing the trends etc.

The book "Forex Trading Machine" outlines specific strategies following which you can develop a disciplined trading practice. These strategies are supported with risk management measures, which prevent you from incurring losses.

The main Forex trading strategy described in the book is ‘Cash Cow' which is perfect for a person who does not have time to analyze the forex market and forex charts or to sit in front of the terminal throughout the trading hours. Advanced traders, who are capable of employing more than one strategies will be immensely helped with the book in understanding technical or fundamental indicators.

Forex Tip - Understand Leverage Or Die

2008-05-30T23:34:00.000-07:00

Forex Tip - Understand Leverage Or Die

Most traders, usually newbies, focus on things such as trading strategy, charts and indicators. Important elements, no doubt. But lots of forex "victims" miss a crucial point that literally kills their accounts in the first 3 months of trading - they don't understand LEVERAGE. Leverage is the ratio between the actual size of the position and the amount of money the trader needs to deposit (or set aside) in order to control the position (margin). For example, if the position size is $100,000 and the margin is $1,000, the leverage is 1:100. It means that in order to "play" with $100,000 the trader needs to set aside only $1,000 for margin. If the leverage is 1:200, the trader will be able to control $100,000 with only $500 and so on. Some forex brokers offer leverage up to 1:400. But leverage can kill you. And that will be a quick and painful death.

Let's take two typical traders for example. They both have the same amount of money in their account -- $10,000. They both use the same trading system and for the sake of illustration they even place the same orders at the same time with the same currency pair -- EUR/USD.

Andy uses 1:25 leverage and trades one regular lot ($100,000). He goes long on the EUD/USD with a 50 pips stop loss order. Andy's margin for this position is $4000. Ron, on the other hand, wants to maximize his profits. He uses the highest leverage offered by his broker -- 1:400. This leverage enables him to trade 10 regular lots ($1,000,000). That's a lot, and Ron becomes a little bit greedy. But hey, he is here to make money. And the margin is only $2,500. So he goes long on the EUR/USD with a 50 pips stop loss, like Andy.

The market goes against the poor traders and the stop loss are hit. Andy's loss is $500. He still has $9,500 in his account so he easily moves to the next trade. What about Ron? He lost in this single trade $5,000. This is half of his account! What a slap in the face, from which he might not recover mentally. If he does not change his money management and risk management, the high leverage will kill his account very shortly. Maybe even in the next trade. It does not mean that Ron cannot analyze the market or cannot spot good trading opportunity when it comes. It only means that he does not trade to survive. And in order to survive the forex market you need to fully understand the implications of high leverage.

So regardless of what your broker tries to sell you, pay close attention to your money and risk management and do not leverage too much. Because as shown in the example above, the temptation to leverage might be lethal.

Learn how to manage your positions and prepare yourself to win. CLICK HERE for more details on the real "Subtle Trap of Trading".

Article Source: http://EzineArticles.com/?expert=Ben_Lipski

Forex Trading: The Most Common Flaws

2008-05-30T23:28:00.000-07:00

Forex Trading: The Most Common Flaws

Many traders are very much attracted to the sophistication offered by the multi indicators and use them in their forex trading systems. Many of the confluence system indicators show the price movement and in no way adds any value to the trade. Due to this, the traders either end up over bought or over sold technical indicators like the stochastic, momentum indicators, candle stick chart pattern recognition, Bollinger band breaks out even neural networks which are supposed to be artificial intelligent systems. The technical indicators just show signals which are similar to buy or sell or hold, making the signal generated to be correct. Theoretically it sounds good but in reality to arrive at a conclusion might be difficult. As a result the traders are confused in making a right decision. They either enter too late or too early or remain still without being able to make a decision to enter the market. The major flaw is due to the use of useless trading system which does not serve the purpose to make profits, but confuses the traders and complicates the forex trading until the trader loses.

Another dangerous flaw found in forex trading is of an emotional nature interwoven into the process. It is fear and greed of the trader. A profitable forex trade can lead to exuberance and over joy, but this is the time when greed comes in and crosses the aspects of risk management. When a trader is hooked to winning, out of greed he over-rides all aspects to see more and more profits, only to see them crash to earth. They wait for the prices to regain, but in dismay may some time and with worst possible losses. This is the time when fear crops up and paralyses the trader not making him to open up any position. Hence while trading, the trader should not override the emotional side of trading, stick to discipline of the trade which can prevent them from committing the flaw of forex trading.

Another kind of flaw can happen when the trader is an unconcerned person or the one who is lazy, or with no drive to gain profits or feels the need to be profitable. These people would have entered into forex trading due to hearing it as an easy game. For them it is not a trade which involves skill, trade management, preparation and re-investment. It is a fun game for them, where loses do not make any difference to them. Such persons make a wrong footing, with a wrong objective.

Flaws in forex trading due to the inadequate knowledge of the trader:

Some of the losers start with good purpose in the trade. Even though they had gained some knowledge from here and there they might find it difficult to apply them practically in the trade. Inadequate knowledge might be the major flaw which stops them from achieving success.

Article Source: http://www.freeforallarticles.com

Lesley Lyon is an expert in dealing with finance related matters. He has written several informative articles on topics like forex trading, credit card, debt consolidation, building a good credit score, mortgage, home refinancing, loan and insurance. He regularly contributes articles to web guides on forex trading and other such finance topics - www.stockswatcher.info and www.financialdeals.info

How To Earn Serious Money With Forex

2008-05-30T23:27:00.000-07:00

How To Earn Serious Money With Forex

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover.

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general FOREX companies offer trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the "margin" (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still "freeze" it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The "freeze" feature is a unique service.

When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, some companies let you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Good luck!

Article Source: http://www.freeforallarticles.com

Want to know more? Want to get on-line training? Click On The Link Below, we'll be glad to guide you, every step of the way. www.easy-forex.com/Gateway.aspx?gid=46603&bid=29

How To Earn Serious Money With Forex

2008-05-30T23:25:00.001-07:00

Forex Trading Strategies Using Trendline Analysis

2008-05-30T23:19:00.000-07:00

Forex Trading Strategies Using Trendline Analysis

When your trading strategy involves a technical analysis you will need to chart the data, which means that you must become comfortable with using charts to determine trends and indicators. You must able to spot ongoing trends and recurring patterns that disrupt the continuity of data. Charted data may be divided into two categories, which includes reversal patterns and continuation patterns. Reversal patterns indicate a market entry point or time to liquidate an open position. Continuation patterns indicate that a trend was disrupted and then continued in the direction of the original trend.

Market trends present a pattern of the market's broad movement. Trend lines are determined by connecting two points on a linear graph of historical market data as either peaks or troughs in the data. Even though a trend may be established with only two points, more points provides a better picture of true market trend. Trends may be established for any chosen timeframe, from minutes to years. Trend lines may indicate an upward or downward pattern or they may not point in either direction. Data sometimes settles into familiar charting patterns

A common analytical technique is to analyze the intersection of trend lines with the most recent price. If a downward trend intersects with the most recent price, it indicates that you should buy. If an upward trend line intersects with the most recent prices, it indicates that you should sell.

Trend lines are controversial because many traders become confused as to where to actually draw the lines. Since trends are defined by price actions, trend lines are intended to be a tool for determining the direction of a trend. Upward trends represent higher lows and indicate that prices are going up while downward trends represent lower highs and indicate that prices are going down. With an upward trend, you should draw a straight line that connects the lowest low to the highest high and in a downward trend; you should connect the highest low to the lowest high. Prices are then expected to fall within these boundaries. Many traders are confused as to whether they should draw the lines at closing price highs and lows or the highs and lows of a particular period. They are confused as to whether the lines should be adjusted to account for spikes in the data, whether spikes in the data should be ignored or whether trend lines should be adjusted to the scale of the chart.

Advocates of trend lines use more sophisticated trend line channels. These channels connect the lows of price actions on one side and the highs of price actions on the other side and a purchase is made at or near the support trend line and a sale at the line of resistance. The objective is to buy cheap and sell at profit several times over the length of a price action. This can very profitable so long as price remains within the chosen channel. Should the price break out of the channel, traders need to make consideration for several factors and establish parameters for their measurements.

Article Source: http://www.freeforallarticles.com

Andrew Daigle is the owner and author of many successful websites including ForexBoost, a free Forex educational site to learn Forex trading strategies and a Free Forex Training blog for keeping online Forex trading records.

2008-05-30T22:35:00.000-07:00

Beginners are Finding Excellent Profits From Forex Trading

Many beginning traders have found much success when trading their forex accounts. Calculated risks can and do lead to substantial rewards and you will need to evaluate for yourself the kind of risk you are willing to take for the kinds of gain you are trying to achieve. (You didn't buy into the hype that it's all risk free did you?) Careful management of your risk is necessary, but a little knowledge can prove to be be very profitable. The returns you can get from forex trading, even as a beginner, will often beat any returns you can get from mutual funds, managed funds or hedge funds.

Forex is currently the world's largest market with trading volumes of approximately two trillion dollars per day changing hands. No one can corner this market! With a trading volume of around two trillion dollars a day, no single entity can control the market for an extended period of time.

When you compare forex trading with day trading in stocks or futures, you will be pleasantly surprised to find that startup costs are substantially lower. This is beneficial in that it doesn't tie up a substantial amount of your funds when you are just beginning.

You can work as much or as little as you want - from a few hours per day - and still have the opportunity of making big money. It provides the perfect vehicle for getting in charge of your own financial investments. Once you know what you are doing you will be able to turn a profit when the market is going up or down. Technical analysis works very well and is helpful in evaluating market trends and helps you establish your position in any market condition.

Forex can offer up to 100 to 1 leverage, but it is best to avoid this high of a leverage when trading in your real account. But 15 to 1 leverage is not uncommon for many traders. And since the forex market is one of the most liquid of markets, traders can practically open or close a position at a fair price whenever they want. And you can trade from anywhere in the world with a simple connection to the internet.

One of the best ways to trade in forex as a beginner is to open one of the many free demo accounts. You will be able to get up to speed fast without risking your own hard earned money.

Article Source: http://www.freeforallarticles.com

Article by: Tony Buel Forex Trading for the Beginner For Complete List of Forex Trading Articles: www.forextrading-101.com

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Less Risk With A Forex Mini

2008-05-30T22:34:00.001-07:00

Less Risk With A Forex Mini

For beginners in the Foreign Exchange market, many analysts and investors recommend that they obtain a Forex mini account; it is because like most things they should start from small beginnings.

Ideally, the mini account is designed for those peeps who intend to set off with a reasonably small investment. Mini accounts won't entail you to shed out to much account for your first experience with Forex because it would only cost you $250 whereas if you decide to start with the regular account you would have to pay an amount of $2.500.

The alternative presented to you by the account is certainly a more practical choice for the small firms who would want to venture to the world market without investing too much cash due to less accessible capital or something else.

Disadvantages of the mini account

When you think that something is charging you less, one of the first things that comes into your mind would be the consequences or the possible disadvantage that it might cause you for settling for something less. Fore mini account holders testified that they are not experiencing any form of drawbacks because it won't compel them to invest with sky-high capitals.

Most mini account holders consider their case as the safest spot especially with the reality that they are competing with larger companies in the foreign market. Their account allows them not to be taken advantage by the large firms, though their investment isn't that substantial. What's important is that they are able to participate in the trading system with just giving out small shares for those are the only things that are immediately accessible for the holders of the mini account.

For some, the fact that they can only trade small shares is an evident disadvantage, for it won't be able to help them gain a larger profit. Well the rationale behind that scenario is that, if they plan to get large profit then they shouldn't have applied for a mini account in the first place. By the fact that they applied for one, they have involuntarily waived their right to gain hefty profit.

Advantages of the mini account

Many investors believe that the mini provides them with numerous benefits more than its set backs. The ones who are holding mini accounts are only imposed with $50 as a margin deposit, the moment that they have planned to make a ten thousand dollar trade. They are the ones who are able to exhaust the benefits vouched by the leverage system in the Forex.

The plus that the leverage is offering its users is that it presents a certain ratio wherein one of two hundred is equivalent to one, which could only be enjoyed by the ones enrolled in a mini account. What that pertains is that the investor was given the capacity to trade more in a particular good than the actual money that they have at hand.

Another benefit that the Forex mini account is offering its client is an additional feature that addresses losses and even lessens them. This certain account is only 1/10 of the standard accounts in the Forex, and with that reality the account holder himself is saved from probable losses that he may incur if he has a regular account. These mini heaps are first-rate means for saving money from potential losses, subject to the preparation the account holder made for his stop loss.

Moreover, these mini accounts offer their clients more suppleness with regard to their ability to customize their trades and minimize their risks. Meaning, if you are the type who has less money in your savings account then this might be the perfect solution for you to increase your savings.

Alongside that is the fact that the account holder having the capability to refuse to go along with the other traders who want to close a certain share, the act could be attributed to the account holder's mere hope that the situation would turn around and the share would eventually gain profit.

The convenience that it offers its account holders is incomparable; especially when they are rest assured that they are entitled to enjoy the forex mini's benefits together with the low risks that they may incur.

Article Source: http://www.freeforallarticles.com

Get ready to pick up what you need to know to learn forex the way the biggest forex traders do. I try to help people understand at www.forexlearnguard.com that to succeed in any business you need something else as knowledge that makes creating wealth much easier. Visit www.forexlearnguard.com and enjoy our beware center

Mini Forex - Forex - Forex Brokerage 190

2008-05-30T22:19:00.000-07:00

Mini Forex - Forex - Forex Brokerage 190

Forex Trading is the greatest home-based business possible on hand today, and perchance even in olden times. Let me show you why.
We just want to be unambiguous about who this editorial is mortal in print for. Anyone looking to jerk a home based business, or calling, without a lot of riches, but who is agreeable to put in the time vital to attain his or her goals.
Forex Trading vs. Real Estate
One of the more trendy home business opportunities is real wealth.
Let's take a look at some of the more unappetizing parts of the real plantation business.
Real Estate:
Amount of Money Needed to Begin:
Regardless of what the have to say, it budget a talented deal of earnings to get into the real housing estate business. Even the "No Money Down" systems open up you to an amazing expanse of risk.
Whether you put dosh down or not, you are reliable to pay for the "product" you are .
If you are incompetent to find a way to yield revenue from your capital spending quickly, you will be paying a mortgage sum. It only takes a few of mortgage to turn "No Money Down", to "Some Money Down", to "No Money Left".
Amount of Time Needed to Begin:
Another lie repeated on infomercial after infomercial is that it only takes a few hours a week to commence making cash in the real assets business.
We don't want to give a talk for somebody else, but whom do they mull over they are kidding. So, let me get this aboveboard...
? looking for a home online
? discourse to a realtor
? dynamic around your region
? speaking to a mortgage specialist
? and all of the other things you have to do on EACH AND EVERY HOUSE
All of these, combined, will only take me a few a week?
We suppose we are starting to see why such a huge majority of home based businesses fail. It's misleading to believe a halfhearted attempt will lead to success.
Amount of Knowledge Needed to Begin:
In symmetry to succeed in the real country estate business you have to obtain a prosperity of familiarity. How do you properly value a home? How long will it take to fix, and sell, a home? How much should boards cost? How long does it take to induct a sink?
Those are the modest . Zoning laws, deal laws, and tax laws are just some of the more complicated topics that you'll need to work out.
The fact is, we can restart writing about the awareness you need for days. Obviously, in directive for you to succeed in real parkland you need a abundance of gen.
Amount of People Needed to Begin:
Unless you are completely used to with all aspects of the real worth business already, you will run into one of a few glitches:
1. The total of time it would take you to become relaxed with all sides of real development.
2. The amount of money it would cost you to FAIL at the real lands business.
3. Most likely, the aggregate of equities it would cost you to build a team of people who are alacritous to "share" their information with you.
Experts don't come cheap, and without them you are powerless. In our attitude, this is one of the greatest shortcomings of the real land business.
Your hit, ultimately, lies in the of others. We can't weight this enough...you monetarist future is dependant on the performance of a complete alien.

Forex Trading;
Amount of Money Needed to Begin:
Nothing. Zero. Zilch. Nada. $0.
If done right, you have a duty to not risk any bucks when knowledge to line of work the Forex. Again, we guesstimate it's only fair for us to account for. Without too technical, we want you to absorb one very vital juncture.
Whether you are substitution with $1,000,000 or $0, the communication and technology available to you is identical. You can procure the skills and learning indispensable free.
Not only is this uncommon in relationship to other home business, it's also exclusive in next of kin to other tradeoff (There will be an perfect commentary explaining the dole of the Forex markets vs. any of the other ).
Amount of Time Needed to Begin:
Before diving into the answer, specifically, we deem it's main that you empathize another concept inimitable to the Forex. Twenty-four a day swapping. That's right, Forex markets are interchange 24 hours a day, from Sunday afternoon to Friday night.
How does this help in answering the subject at hand, how much time is to create Forex trading?
As we've previous, in association to chance into the real property business requires a chief commitment of time. Most of which has to chance between 9 AM and 5 PM. The fact is, you can't preach to a at 3 AM. Everything you do has to be around big shot else's schedule. That process that 40 hours of work take you 4 weeks.
Those same 40 , while education Forex Trading, force only take you 2 . All you need is a computer and an internet union. In adjunct, since there is greatly less needed to come to know in imperative to succeed at Forex Trading, 40 hours of work will put you much to sensation then it would in real business park.
Amount of Knowledge Needed to Begin:
As a Forex trader you only need to get the knowledge that will be necessary for you to make wealth exchange.
Why does this matter?
Let me answer this with an exemplar. Why do my flowers need aquatic? Actually, we don't know. To be more fastidious, none of us truly cares. However, we do know that if we don't sea them, they die. That fact forlorn gives me enough thought to river my vegetation.
This concept true in the Forex . With all of the info accessible universal, it's easy to get caught up in the non-weighty factors. Like, why do my plant life need water? However, all you need to know are the thorough steps to take in regularity to succeed. Like, marine your foliage.
This harshly boundaries the sum of time you must invest in culture to patrons the Forex.
Amount of People Needed to Begin:
Well, to attempt Forex transaction takes only you. To succeed at Forex swap takes you and an lecturer. Combining two smithereens creates one of the simplest puzzles around.
Imagine vexing to study 2 + 2 = 4 without the guidance of a tutor. None of us would ever perception this green vassal if left deserted. In fact, we wouldn't be able to communicate at all without the examples set forward to us by our parents.
Our total are molded by the superiority of the education and guidance we are provided. This holds true in Forex Trading.
With an choice Forex Trading Course, you are on the path to productive Forex tradeoff.
Ultimately, YOU ascertain your accomplishment. However, getting the right foundation and in progress support will put all the odds in your disfavor.

Article Source: http://www.freeforallarticles.com

Stock Picks: Day Trading or Swing Trading

2008-05-30T21:54:00.000-07:00

http://money-maker2008.blogspot.com/2008/05/stock-picks-day-trading-or-swing.html

Trading stock picks is a great way to make a lucrative living, but trading is never a no-brainer. In the trading fast lane there are always trade-offs. In particular, there are trade-offs between day trading and swing trading. Each has pros and cons.

How do you decide whether to day trade or swing trade? When day trading, your position will always close, no matter how high or low it is, when the stock market closes at the end of the day. This means there's a greater potential for profit, you can use higher leverage, and you can make your money work harder. Your finger had better always be on the pulse of the market with day trading.

In a swing trading situation, your trade won't be completed the same day. It will probably close over the course of a few days. In other words, your trading finger doesn't have to stay quite as close to the market as it would in day trading. You can think of the swing trade as having a much broader scope than the day trade.

Day traders spend a lot of time very close to their stock. They have to pay unflagging attention to their positions, staying focused, and keeping their minds alert and plastered to the stock chart. If the position starts to fall rapidly, day traders must be ready to react in time.

This means you can't manage lots of positions at once. Do you have the margin to hold a position overnight? This margin can be as much as four to one in one day, but it can only be two to one overnight.

In addition, if the trade goes against you, the brokerage may force you to sell your position or even give you a margin call if you go right up against your margin limit. So, day traders can make a larger profit, which is incentive enough for most. Swing traders don't have to glue their eyes to the position. They have a larger time frame in which to sell their stocks if they should happen to lose value. And, of course, they can handle more positions due to not having to pay such close attention to each.

The most important thing to watch out for if you opt for swing trading is the threat of the "position trade". If it does come to a "position trade", you should realize you're eating up your margins. As mentioned before, in swing trades, overnight margin requirements don't allow you to work your money as hard.

Your choice about whether to day trade or swing trade will depend on where you find the most success. You will naturally lean toward one or the other. Just remember to minimize the risk and maximize the profit. Happy trading!

Article written by Douglas Newberry

Article Source: http://www.freeforallarticles.com

Stock Picks - Day Trade - stock picks - 1dayhold

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How To Accurately Calculate Your Profits (And Losses) In Your Forex Trades by Justen Robert Cas

2008-05-30T21:19:00.000-07:00

Most forex brokers that you will use online have developed their trading platforms so that they calculate your profits/losses for you. So why am I writing this article?

Well, it's pretty simple really.

If you are serious about being a successful forex trader you need to understand the mathematics behind your trades. Plus it makes sure that you can keep tabs on your forex broker, so you can make sure they are not 'cooking the books'.

As a forex trader, I'd expect you to be numerate, so it should be pretty easy for you to calculate your profits and losses. But I can understand if you are new to forex trading it might not be initially self-explanatory.

The 2 formulae you need to commit to memory.

(In this calculation I'm assuming you are trading in USD.)

When the US Dollar is the second currency (the quote currency), the formula to use is:

1 - Profit is equal to: the price change in PIPs multiplied by the units traded. (e.g. profit = pips price change x traded units)

Secondly if the US Dollar is the first currency in the pair (base currency), the formula to use is:

2 - Profit is equal to: the change in price in PIPs multiplied by the units traded divided by the exit price. e.g. profit = price change in pips x units traded / exit price

So to 'hammer this home' and make sure you really understand this process I want to give you a few examples.

To start with we'll use an example where the US dollar is the second currency, the quote currency, and to make things easy we're going to use a 1% broker margin. So you can trade up to 100,000 USD with only 1000 USD.

OK?

Great. We'll take the EUR/USD which for example is trading at 1.5618/9. Your analysis has led you to predict that the Euro is going to rise in value against the dollar so you start a trade to buy more Euros and sell US Dollars.

So you end up buying $100,000 worth of units at a price of 1.5619 - remembering that you are buying so you have to buy at the ask price - this is the last/second number in the quote (so you buy at the ask price of 1.5619 not 1.5618).

Your predictions turn out to be correct. Congratulations, the price rise to 1.5635/6. So you start another trade to sell the Euros and buy USDs. For this trade you use the bid price as you are selling, which is 1.5635.

So here's where your maths comes in.

As you purchased the Euros at 1.5619 and then sold at 1.5635 your profit is 16 pips, or 0.0016. So before that makes any sense we need to convert that into proper money. So this is where we use our formulae.

Profits = 0.0016 (price change in pips) x 100,000 (units traded) = $160.00

If you are trading standard sized lots of a currency pair as we did above of 100,000, in which you use the USD as the quote currency, a quick rule to remember is that a pip is equal to c.$10. Hence 16 pips = $160.

So let's take another quick example, but this time we'll use the USD as the base currency.

You place a buy order for 100,000 units of USD/JPY at 103.20. The price increases and you sell at 103.33. You just made a quick 13 pips. So to calculate your profit in your second formula:

Profit = .13 (pips) x 100,000 (units traded) / 103.33 (exit price) = $110.78

Easy huh?

Forex Trading Holy Grail, Learn The Secrets Today

2008-05-30T21:15:00.000-07:00

Forex Trading Holy Grail, Learn The Secrets Today

This is a very special message to everyone searching for the forex trading Holy Grail system. I intend to reveal it in this article. Before I begin, I would like to say that anything worthwhile in life takes time and effort to master. Trying to learn forex is no different

Sometimes I have members to my service, who can't seem to make any money. I am always surprised at this. But I do understand how it happens. A typical situation is they will have a few losses, and become afraid to trade. Then they will watch me have a few wins and jump back into trading again. Then I may have a loss, and that usually destroys what confidence they had left.

Can you see how the only difference between the winning trader, and the losing trader, is they think differently? One trader learned to not allow the stress of the forex market to control them, the other has not.

For the most part our emotions are truly illogical, when they override reason. So it is therefore very important to get to grips with what is happening in our own minds.

Too many traders become obsessed with indicators. Without realizing what an indicator really is. An indicator is just a way of smoothing price action. Because it has to use historical data, it will always report a lagging view of the market. You should see indicators as an aid to help you, not as the complete guiding factor. Remember the market moves through the sum total of all the actions (trades) of the market.

So learn to not only read the market, but the mass mentality of the traders driving it. Also understand that there are two groups of traders in the market, the big players and the small players. The big traders know how to play the small players, just like an experienced poker player can outplay a rookie. Everyone thinks the USD is going up? Now watch the big players push it the other way, and take out small trader's stops. Start to think outside the box. Learn to think "what will hurt the most Forex traders right now?" don't trade with the herd.

"Price action is the most important indicator to master, combined with an understanding of what drives it."

So now you understand your aim, you just need a good system to help you pull the trigger and take action. Whatever system you choose, it needs to be closely related to price action.

It is very important to look at the market overall. You should be aware of upcoming news and recently released news. You should be aware of key levels of support, and resistance. You should also take account of different timeframes, and support levels on those too. When you learn Forex trading, you need to learn how to read the whole picture.

It is very easy to miss something really obvious when you are too close to the market and not standing back, observing everything.

"Learn how to take a holistic view of the Forex market, and keep track of the bigger picture"

Conclusion: If you feel like I have not told you anything new and are still wondering where the holy grail secret is, I suggest that you trade very small until what I have written fully make sense to you. I have told you the secret of successful trading. It's not exciting but when you master it, it can make you a lot of money.

It's time to get to grips with your Forex

top forex brokers

2008-05-30T18:32:00.000-07:00

http://www.forex-ratings.com/

http://www.fxclub.com/

Dukascopy

The broker house of Dukascopy Suisse is a Swiss on-line broker operating on the Forex market, with an office in Geneva.

Residence, Regulation, and Company Management Structure

Dukascopy Suisse is a company resident of Switzerland. The company is incorporated in the national regulative organisation – ARIF, reference to the license is mentioned. The address of the office is stated, there is even a map. Managers of the company on the site are not, however, mentioned

Company’s Market Position

The company obviously names itself an ECN broker; on the site it is possible to find mentions of banking-partners.

The company offers basic brokerage services – of trading accounts, and managed accounts. There are the also well-developed partner programmes. For example, granting a trading platform, with the right to create one’s own structure of spreads and commissions.

Types Services Offered

The company trades 10th basic currencies and their cross-courses.

Information about terms of trades is presented on one branch of the site. The company positions itself as a large broker Therefore, the minimum deposit of trading accounts is $25 thousand, the size of a lot is made up as an equivalent of $1000000. Limitations on volume of transactions are not present.

Credit leverage is specified by the client, while opening an account, and can be varied; depending on trading instruments and trade volume. The maximum size of credit leverage is: 100:1.

The company requires the absolute observance of the required margin rules; positions without which, such means are immediately closed. A minimum spread (EUR/USD 1 pt.) is promised on the site, but information about the sizes of spreads and overnights is not mentioned.

Information about the auction parameters (special purpose spreads, commissions), and also about overnights is possible to find in the menu "Spreads & Commissions” in DDS trade station. Except for spreads and overnights, Dukascopy Suisse takes a commission $30 after $1, 000, 000 circulation – depending on the monthly circulation of client the commission drops down (up to $10).

On the site there is a well-developed service for VIP of clients, which is mentioned: individual bank servicing, acceptance of bank guarantees, possibility of a mortgage and (or) using the credit line, exclusive analytical support, development of the special applications, individual adaptation of trading platform etc.

Deposit\withdrawal of money on an account / from account is only possible through a standard bank order, though.

The relationship of the client and the company are verified as an agreement which can be sent in to the company by mail.

Traders Support

Dukascopy Suisse is oriented towards the more financially, competent, type of client. Therefore, information for novices is not given.

A demo-version of trading platform is present, but is limited to only one week – in order to become acquainted with the site’s platform only. Support of users is various: via telephone, chat, separate e-mail addresses for different thematic sections.

Eight languages are supported, and the site automatically, if possible, determines the language of client and switches to it. The site, therefore, is not simply translated thus, but it is created on different language foundations.

Free, fundamental, support, is presented by an automatically renewed table of quotations of basic currencies, world indexes, basic commodities, American and European events, by the tunable window of the chart, tunable text reviews of world markets. Tunable news, plus a very detailed economic calendar and a lot of other useful information is given.

The Trading platform

Dukascopy Suisse offers two variants of trading platform: installed JAVA and web-based. According to their description, the platforms can execute basic informative services
As well as adapt to flexible tuning. There is an export of quotations in client applications.

The Site

Done neatly, the design is accurate and restrained. Information is structured carefully and reasonably, and the necessary information can be found easily. All of the materials placed are very detailed; a lot of interesting additional services (for example, calculators) are present.

Advantages

The company is resident in Switzerland and ARIF is regulated. There is front-office, address is indicated.

Dukascopy Suisse is a broker for the wealthier and financially competent type of client and offers a wide set of services, including different partner programmes.

Many various and high-quality fundamental support is provided.

A perfectly done site with detailed information all at hand.

Disadvantages

A surprising absence of information about key term-of-trades on the site – spreads, overnights, commissions.

4 Hour MACD Forex Strategy

2008-05-30T16:49:00.000-07:00

4 Hour MACD Forex Strategy
Welcome to the 4 Hour MACD Forex Strategy. This strategy is aimed at
simplicity as well as high probability trades. I have been in the equity market for
almost ten years now and in the forex market for two years. I learned very early that
forex trading is not for the shaky ones. One must have a tested and definite trading
strategy as well as well organized discipline to follow the strategy and execute the
plan as to the letter. One must be exact and precise.
Therefore I paper traded for almost two years and read everything I could lay
my hands on. I bought books and courses. I attend a 5 day live web seminar. All this
did not help me at all as it did not fit my style of personality and I just did not seem to
connect with all this different strategies. Over two years of watching the graphs with
different indicators, moving averages etc. I started to get a feeling for the movement
and motion of the market especially the EurUsd around certain moving averages.
It wasn’t till late last year that I discover a setting with the MACD that gives
easy to read signals on a regular basis on a 4 hour timeframe. I like the 4 hour
timeframe as one are not glued to the screen full time.
If you look at FIG 1 below you will see that there were 14 signals over a
period of 5 weeks. Within that period of FIG 1 the signals given were pretty good.
There are times when some signals does not produce positive results. I then had to
work on a filter system to only let me take the best ones. I found that the MACD
when moving in a certain way produces a 95% accuracy. I will show you later how
the high probability trades look like.
In FIG 1 the signals are shown and FIG 2 shows that an entry is made after
the 4 hour bar has closed and at the opening of the next bar.
In FIG 3 another 19 deals were shown of which the last one was not finished
yet so out of a total of 18 trades 5 were wrong and 13 were right.
As it is a 4 hour strategy it means sometimes setting the alarm clock to catch
an entry in the early morning hours. What makes it nice is that one will know after the
close of a 4 hour bar whether the next 4 hour bar might close as a signal by just
following the MACD. Therefore one can set an alarm at that time.
Have a look at FIG 1 to 3.
Disclaimer:
As trading in the Forex market is very risky, the reader if going beyond this
point and applying the concepts and methods describing in this document do so on
his or her own will and risk. The writer and or anyone involved in the compiling of
this document will not be held responsible for any losses incurred by using the
methods described in this document as no money management nor stoploss levels are
discussed as it vary from trader to trader according to there own risk and capital
profiles.
FIGURE 1
FIGURE 3
This was just to see and get a feeling for the graphs. Let us start to set-up our charts.
You will see later on when dealing with the different MACD signals that in the
examples used I did not marked every signal. There are signals not marked and the
reason being that the intention was to let you see the different type of signals and not
to indicate everyone.
THE MACD ON ITS OWN IS NOT ENOUGH OF A TRADING SYSTEM AND
OR INDICATOR TO BE SUCCESSFUL USING IT ON ITS OWN.
Therefore to understand the system as a whole you need to go to Page289 from Post
4335 and study the 13 Lessons given. Study the Lessons on Market Rhythm by heart
as that is the heart of this system. It will let you filter the trades that can hurt you.
Moving Averages:
First of all are the moving Averages that we are going to use.
1. 365 Exponential Moving Average (365EMA)
2. 200 Simple Moving Average (200SMA)
3. 89 Simple Moving Average (89SMA)
4. 21 Exponential Moving Average (21EMA)
5. 8 Exponential Moving Average (8EMA)
MACD:
MACD settings at
1. Fast EMA 5
2. Slow EMA 13
3. MACD EMA 1
Horizontal Lines:
Three sets of horizontal lines above and below zero should be drawn on the MACD
window at levels as well as one on zero
1. Level +0.0015
2. Level +0.0030
3. Level +0.0045
4. Level –0.0015
5. Level –0.0030
6. Level –0.0045
Your Graph should look like this: (Choose your own colour and styles)
The MACD moves in certain patterns that when recognized can be very profitable
trades. Let me show you the very important ones first. By not following every signal
but only the ones that gives high probability trades through certain MACD patterns
serves as a filter. The ones not familiar are not taken. This is the filter.
Countertrend trades can be dangerous as it involves going against the trend. When
going countertrend determine the resistance
This pattern comes very regular especially A and D as the MACD has moved beyond
the 0.0045 level and are due for a correction and or trend reversal. B and C are trend
continuing patterns and are entered in the direction of the trend. Red circles indicates
entry signal and entry is made on the opening of the next bar.
The head and shoulder is another definite.
Double top and bottom does not need any
introduction as it speaks in any timeframe.
When the MACD comes down towards the
Zero line and turn back up just above the
Zero line it is normally a trend continuing
and should be taken and are normally a
strong move.
Round tops and bottoms are for sure. Just
be careful when within the first zone
0.0000 to 0.0015 above or below the zero.
I like the rounding to be formed over at
least 5 bars.

This was a difficult month (Jan 2007)up to now but already 190 Pips up and a great
move is coming as the price is within a range for almost 8 days. Lets see if that will
happen.
Up to now I have only concentrated to give the signal on the MACD window so that
you will be able to recognize it. It is easy to see the formation after it has formed. It
takes a bit of practice to recognize it while it is forming. Lets look at a couple just to
see how they look when the trade is entered.
Let us look at the graph above. See how price levels play a roll in the support and
resistance of the price movement. Say we entered the trade at Entry above. Our first
profit target will be around our fast moving averages (8EMA and 21EMA). Our
second profit target will be around the slow moving averages(89SMA and365EMA).
Our third profit target will be at price level 1.2100 etc etc etc.
This is how you plan your trade in advance to take partial profits till you complete the
trade. Should there be a moving average or price level nearby and below your entry
level you must take note that the price might go and test them. So your stoploss must
be aware of that.
Again I ask you to study the movement of the price around the moving averages.
When the price are above the 89SMA the trend is normally up and visa versa. After
the price crosses the 89SMA it tends to pullback to the 21EMA before it carry on its
direction if it is a trend direction change otherwise it tend to test the 89SMA again and
then it runs over and across the 89SMA till it finds direction and then it pulls back to
the 21EMA before proceeding on its path.
This is Market Rythm
Here are a live trade I did for someone in explaining how I trade. This is actual
e-mails that I did send. 25 January 2007 21:00 (GMT+2)
Hi
I took it with 30 pip stoploss and hope I can add to the Gbp
one earlier this week.
Greetings
The MACD pulled back to the Zero line and then closes lower which indicate a down
move.
“Got entry at 1.2955 and has set stoploss at breakeven at 1.2955 when
price did hit 1.2935. I am scared for a false breakout below support
but now the price can turnaround as I have a free ride.”
“Took 50% profit at 1.2920 and set other half stoploss at 1.2935”
“Hi
Amazing how it found support with Fibonacci. I wanted to do
this trade with you as it developed so that you can see how I go
about. I just had a feeling that the price is not going to go down to
1.2900 straight away so I applied fibonacci as there was no other
indicator between the entry price and 1.2900. One has to listen to
that little voice inside as well. I was stopped out on the other have
at 1.2935 so the total gain was 35 pips on 50% and 20 pips on the
other 50% for a total of 27.5 pips on full lot.
Not bad for an hour work.
Greetings”
This trade however was a bit risky as it was a breakout trade after ten days
consolidation testing a trendline angling upwards. One has to evaluate the risk not
only in terms of pips but also in terms of strategy and chart pattern. After a breakout
the price very often turns back to test the breakout level and then that level becomes
either support or resistance in this case it becomes Eur resistance.
Stoploss have to be inside the breakout otherwise it can be triggered and then
sometimes it can be very big before entry signal is given by the MACD.
Here is what I normally do when the MACD shows a signal but the stoploss are to big
in relation to my capital or what I am comfortable with. I enter the trade in three
stages with my stoploss set at the same level.

You will notice that not all signals was taken. Sometimes I were already in a trade. I
did not actually trade all these trades live. This was done on a backtesting scenario.
I stopped counting the pips for the April 2006 testing as it completely
convinced me of the success of this method. I randomly tested it using previous years
and the results were amazing. Average of 300+ pips per month and then I only trade
the trades that gives signals at these times 17:00, 21:00 and 01:00 (GMT +2). It gives
between 8-10 deals per month using the mentioned timeframes.. (I use Metatrader and
data supply by MIG.). Due to working hours and the fact that that I don’t have
internet access during working hours I can only trade those hours.
If you use patterns in the MACD that occur regular that gives results and use
them every time they occur you will most definitely make money.
For newcomers I suggest that you trade only Trend Continuous signals as well
as RT and RB that occur above the 45Level Hor lines as that will give you a positive
start. Less pips but mostly successful trades.
I haven’t discuss nor used trendlines so far in this document and when you add
them it will most definitely helps you in defining your exit levels. The entry level are
determine by the MACD but the exit or profit levels is determine by support and
resistance levels. I use the moving averages as described earlier as well as Fibonacci
levels and then most definitely trendlines and price levels. I normally take the daily
graph and draw the trendlines according to it and then go to the 4 hour graph. I make
them nice and thick so that I can see them. Then I draw the different price levels such
as 1.2900, 1.3000, 1.3100 etc. It is amazing to see how the price find support and or
resistance at these levels.
I hope that this document will help you on your way to financial independents.
YOU MUST STUDY THE MARKET RHYTHM LESSONS AS THAT WILL
PROVIDE YOU WITH THE RIGHT KNOWLEDGE.
Edited 2007/08/05
You also must read through the whole thread to obtain the right mindset. This is not a
easy 1+2+3=4 type of system as it takes the Market rhythm into account and a study
of these rhythm are essential to survive.
I could not post it all at once due to size limitations and the fact that
everything was not documented when this document was placed. As the thread
developed a lot of questions was asked and answered so it is of importance to go
through the whole thread.
Don’t trade very MACD signal. Make sure it is in harmony with market rhythm and
Risk to reward Ratio is bigger than one (R:R>1). Trade only 2-3 pairs at a time. I
focus on EurUsd, GbpUsd and EurJpy(risky) and lately I added the UsdChf.

forex signal

2008-05-28T23:18:00.001-07:00

http://www.trade2win.com/boards/
register.php?a=act&u=101414&i=57909273

http://www.trade2win.com/
competition/?portfolio&userId=26626

http://piphut.com/about-my-free-signals/

http://powerfx.50webs.com/

Have you ever lost money and precious time with inefficient FOREX strategies?

2008-05-27T09:47:00.000-07:00

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History of this service

This service started in december 2007 on a day where I was browsing the Forex-TSD forum, a community about trading currency. There I found a posting about the application of neural networks, a technique of artificial intelligence, to trading. Since the author mentioned his contact details I started discussing seveal aspects of trading with him. After a long talk about my daily routine as a fulltime trader he asked me why I didn't have the idea of selling my trading signals (the information about what I trade and when) to other people yet. I answered that I am busy with trading all day and don't have time or skills to create a professional website and manage the complicated technology behind this. He was fascintated about the fact I have managed to sucessfully trade for a good living for years while his own attemps of dealing with currency were a total failure. He assured me that plenty of other people would feel the same frustration as him when he made me the offer to start a partnership: He would take care of all programming, website design or chat administration of this project if I was willing to supply my trading signals. I liked the idea and agreed at once since it meant almost no extra work for me. My daily routine is virtually the same as before. I trade all day. The only thing new for me is a little software, that Heiko, the guy from the forum, wrote for me. It helps me submitting my trading activities instantly to the subscribers of this website. For us, this deal was a win<->win situation and I truely hope that the visit on our site will be profitable for you as well.

Yours,
Amarnath Kondiyan
About me and my trading style
Here you can see a compilation of facts about me and my style of trading. If you have further questions feel free to contact me!
Age: 30
Location: Tamil Nadu, India
Contact details: Check contact-section
Years of fulltime trading: 7
Trading instruments: Forex: G7 majors and crosses like EURJPY and GBPJPY depends which reaps better
Commodities: Bullion (Gold, Silver), Base Metals (Copper), Energy (Crude oil and NG)
Type of trading/style: Quasi discertionay style (swing and short term intraday) i.e technical trading with discertion applied to reading underlying over all current market sentiment.
Technicals refered for discertionary support (Swing) 1:

* Candle patterns on daily charts and weekly charting to identify underlying over all momentum
* Intraday day break out patterns
* In general refers to time frame range from 15 Mins, 1 hr, Daily and weekly along classical and custom indicators system
* Discertionary tools like fibonnaci retracment are employed

Technicals refered for short term trading: I use an Intraday semi mech system with custom tools here. It is a very own trading model developed based on own skill sets and ideas aided based on market noise and movements and this model is optimized on each timeframe and market we used to trade and from my experince i have see this models works well on purpose intented with better risk reward ratio than using more discertionary one for short term/intraday one and for swing style discertionary and multi depth analysis fit better
Risk Managment models: Since my custom tools have build it risk control which is self adjusting based on recent volatility and other simple models andI belive stoploss is not academic there is no proven golden rules which type of MM model do prove best on given set of market conditions As our only aim is account appreciation than any thing else, we focus to do all our level best to minize risk and maximise return by enabling good risk rewards and often we keep number of open position on signal calls lower due to consideration of risk managment features And above all having stable system or strategy and risk managment alone cant help as i see many peoples start trading after reading 100s of books, attending trading seminars and going back after exhaustive mentoring from good experts still get hit nail on head with failure due only one grand reason - Discipline! I firmly belive in conservatie approach with low leverage models for better survival on any speculative business
Number of calls: I strongly belive that most of fellow traders and peoples need way of good account appriciation rather than counting number of calls. But for an idea I can say we have an average of 1 to 3 calls per trade which dont count some knee jerk trades that we seize to risk on other entries.
Trading times: Am IST to 11 PM IST (IST = +5.30 GMT)

Forex Signals Service

2008-05-25T19:59:00.000-07:00

http://www.gfsignals.com/service-forex.php

The World Clock – Time Zone Converter

2008-05-24T19:16:00.000-07:00

http://www.timeanddate.com/worldclock/
personal.html

http://www.timeanddate.com/worldclock/
meetingtime.html?
month=5&day=25&year=2008&p1=1769&p2=136&p3=248&p4=-1

Supernova system

2008-05-24T11:53:00.000-07:00

http://forexevent.com/
http://forums.babypips.com/free-forex-trading-systems/5909
-supernova-gbp-jpy-mini-trend-catcher-4.html

http://www.forexfactory.com/showthread.php?p=2017770

This chat is dedicated to the great system made by Cryten.
Here we only talk about Supernova system and no other systems.
I hope this chat help people getting to know the supernova system and learn how to trade it.
Feel free to post live trades so we can get some action in this chat & let us all make some pips.

Weekly Gbpjpy Breakout System

2008-05-24T10:55:00.000-07:00

hi all...i've been working on a weekly breakout system for a while...just finished 1 year manual backtest so i can share it now...
basically we are taking last 2 candle's on 4 hour chart of the previous week as a breakout boundary..
entry at the break either way...
stop loss at the out of break out
target profit 2x stop loss...
when the price hits stop loss in a way our we increase target profit x3 stop loss in opposite direction...
no trailing stop...
trade ends with sl -tp or end of the week...
1 year result is monthly average 714 pips...
spreadsheet and chart attached....
good luck

Optimization from Bigricky
---------------------
HI guys,
Have been following this system with great interest. I am relatively new to forex and am looking for a mechanical type system. I have spent most of the weekend backtesting this system and although the results looked promising to start with when I applied the system and stepped through every trade it unfortunately doesn't look to good for the way I would trade it over the 2005 and 2006 years. Before I go on I just want to say I am new to this and there is always the possibility that my backtesting is flawed in some way.
I have attached my spreadsheet and MT4 template to show the setups for each trade.

I trialed 2 systems side by side. I have used harolds rules.

System 1 - Take profit at 1x channel.
Use the 2 bar, then back to 3 bar. If channel less than 100pips. Make a 100 pip channel.

Add 7 pips on to upper level of channel (allowance for spread).
Buy and sell stop orders placed 3 pips outside of upper and lower channel lines to allow for channel to be actually broken before entry.
Stop levels also set at 3 pips outside of channel again to allow for channel to actually be broken before being stopped out.
Take profit at 1x channel band.

Gaps - Ignore smaller gags - less than 20 pips.) For larger gaps If gap is filled within the channel trade as per normal. If it gaps outside of channel, don't take the trade. If price returns to channel and closes gap, trade as per normal. (I actually backtested ignoring gaps vs waiting for them to close and it didn't really make much difference to the bottom line)

If the first trade is successful then thats it for the week.
If the first trade fails, Take a trade in the opposite direction if triggered.

System 2 - Take profit at 2x channel.
Same as above but take profit at 2 x channel band.

Risk

Risk is 1% of account on each trade ( compounded).
I see the system profitability is sometimes measured in pips instead of return on account. I'm still trying to figure out how that accurately measures profitability. (I'm still a newbie, remember).
For me I will only risk a set % per trade. Whether the channel is 100 pips wide or 400 pips wide it will still be 1% risk. This means that some pips will be worth $1 (100pip chan) or 25 cents (400 pip chan). Again, if I am missing something here I would appreciate more experienced people pointing me in the right direction.

I have also subtracted 5% off of the winning trades. This is to allow for the 3 pip buffer on either side of the channel. (probably more like 3% but I like to allow for the worst case scenario)

RESULTS

System 1 - Take profit at 1x channel.

2005 - 7.95% return on account
2006 - 9.62% return on account

System 2 - Take profit at 2x channel.

2005 - 8.78% return on account
2006 - 2.04% return on account

2007 (2% risk per trade - compounded)
1x chan T/P (2nd trade 1x) 46.09%
2x chan T/P (2nd trade 2x) 65.21%
2x chan T/P (2nd trade 3x) 47.16%

Maximum 5% risk per pair

2008-05-24T06:49:00.000-07:00

http://www.forexfactory.com/showthread.php?t=48926

Your risk to profit ratio has to be minimum 1:2. That means if you are taking a 5% risk on a trade make sure your profit target would be at least 10%.Always have realistic targets.

More trades you take the more you expose your account for losses. No trader in this world can profit from every single market move.

Patience plays a big part in trading. Take the trades only if you are at least 90% sure of profiting from it. If you are not sure stay away from the trade. Staying on the sideline is as good as winning.

Always have a trading strategy ... make a habit to stick to it doesn’t matter how desperate you are. Always trust your strategy but not bloomberg or some statement from citibank.

Your charts are your forex bible. Everything what you need to know about forex is on your charts. You will learn something new everyday from you charts.
Specialize in one or two pairs. Every single pair has it’s own characteristics. No two pairs are the same. Don’t trade all the pairs your broker can offer. If you specialize in one or two pairs very soon you will be able to read the pair like a road map .

Stay away from the ranging markets.

Don’t try to chase every single pip or market movement.

the more you trade there is more risk of losing your money.

remember there is no easy way to become a good consistently profitable trader. No one can become a profitable trader overnight. As everything else in life it takes time, patience lots of sacrifices and learning. Don’t be afraid of mistakes.

Contribution by Bfriend - Member of this thread and Contributor
=================================== ============
I was answering some questions for someone via PM and I thought it might be good to post it in this thread. Basically, it's my rules for this strategy. For some of you (especially the regulars) this info is basically common sense to you. It goes without saying, you take it for granted...it's second nature. However, for most traders, it's something no one has really told them. It's easy to come to this thread, skim it, and just think, "Hey, if the lags line up, I should trade. I'll make money every time just like Imrain."

The fact is, the lags are great, but they can't be used ALL the time. It's not that they're bad indicators (they're the BEST I've ever used), but no matter what kind of indicator you have, you just can't trade during certain conditions.

Anyway, here are my "rules" or the "conditions" that I'm speaking of:

1) Don't trade when the 60ema and 200ema are really narrow. Wait for it to break out first.

2) Don't trade when the market is slow (like right now). Right now the only market that is open is Sydney, and it doesn't really affect this currency. Ideally you want 2 markets to be open. The best time is when UK and Japan are open at the same time, or UK and US are open at the same time. You can trade at other times, but just make sure there is decent volatility / momentum.

3) Don't trade 30 mins before or after news.

4) If there's BIG news coming, it might not be good to trade for hours before because the market just stalls and goes nowhere (same problem as #2). This is because it's waiting for the news announcement. In this case, don't trade until after the news. Watch ForexFactory Home page for News in Red - High Votality.

5) Don't trade if you're up against a barrier. This includes the daily R1 R2 R3, daily S1 S2 S3, daily pivot, and weekly pivot. It's also good to look at the 15min 60ema and 200ema to see if you're close to them as well. I also recommend treating the "00's" (239.00, 238.00, etc.) as barriers. I call them psychological barriers, and it's really just common sense. Just think about when you have a $100 bill. You're less likely to spend it. Once you finally decide to break the $100 bill, you'll usually spend your smaller bills much more quickly. This is just human nature, and well, the forex market is driven by human beings.

Instead of just thinking of the barriers as times not to trade, use them to your advantage. Wait for a currency to either break through the barrier or bounce off it. If it does this, you should still wait for the lags to give you a signal.

So really, this doesn't leave much to trade. Some days are better than others, but today for example, there hasn't been a single good / safe time to trade since I woke up. Today was particularly bad in that regard. Like an idiot, I broke my rules and tried to trade anyway...and I lost.

If you just follow those basic rules and only trade when all of the rules are met, the lags work every single time. I've never had a losing trade when I followed my rules. If I had better discipline I could be doing 90%+ successful trades. Today, my discipline was very lacking and it cost me. Rules keep you from making bad decisions, but emotions keep you from following your rules. Trading with emotion is never good, but in reality, 99% of us will never be able to trade without emotion. As long as you can keep your emotions in check enough to follow your rules, you can be a successful trader.
Attached Thumbnails
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Supernova GBP/JPY Mini Trend Catcher

2008-05-24T00:46:00.000-07:00

I have been a bit of a big mouth of forex factory so have received a few pm’s about my new system.

Ok so I look at the chart for setups, for a short setup I am looking for price to be cleanly below the green ma (t3 standard settings) So if going short you want red candles with no or few upper shadows and if going long blue candles with no or few lower shadows.

The qqe alert is the crossing of the qqe indicator shown by blue/pink dots. Buy blue and pink sell, this is really just an alert and helps me pull the trigger, I do not blindly jump into a trade when a new dot forms. All indicators need to agree.

Right you’re checking out the potential setup with regards to the above, now look at the momentum indicator, I only go short when it has crossed below the grey dotted line and directional movement index indicator has crossed so that the purple line is above blue vice versa for long.

I look for setups from 2 am EST till 6 am EST, if you are late and missed any 100+ movements during this time be wary of trading as it will probably range until the US open. If there has been no big breakout it is safer to look for a setup after this time. Next best time to trade is us open. I have also noticed some good trades around 15:00 EST and 00:00 EST.

It's up to you as long as hekein ashi is cleanly above or below the t3, momentum has cross the grey dotted line and directional movement index agrees it is a high probability trade to go with the qqe alert.

Sometimes the qqe alert comes a bit early, wait for the other indicators to agree and you have less chance of the trade going against you right away to realise profit.

As for profit taking I just trail price as I go. I am looking into Spudfyre's way, once up 20 pips lock in 7, once up 30 pips lock in 14 and once up 35 pips lock in 20. I think from there leave 20 pips locked and let it go, you can easily catch 100+ movements with GBP/JPY in 5min.

ps - The trade pics appear like little 5 pips scalps but if you load the chart and check most of the trades are 100+ pips!

Cryten

Settings

I use all timeframe charts - GBP/JPY, EUR/JPY, CAD/JPY, NZD/JPY, GBP/USD

(Trading off the 5min is riskier in choppy or ranging markets, If you choose to do so please use the 15min at least for reference)

QQE Alert set to period 1

Directional Movement Index 14

Momentum 10

T3 - period 8 exponential volume 0.7

Trading Rules and Tips for the Breakout Method

2008-05-23T22:49:00.000-07:00

MOST of these rules are common sense rules but some come from experience.

*Trade only when there is an opportunity to trade not just to be trading. Even if it takes you two weeks or longer for an opportunity to come to trade you must follow this rule. Otherwise you risk getting yourself into unprofitable trades.

*Avoid trading in sideways channel (ranging market) with this method. Wait until the market decides if it's going to go up or down.

*Aim for a monthly goal instead of a weekly goal in terms of getting pips. Sometimes the market just doesn't have enough volume to give you enough trades during one week but may skyrocket the next week. I estimate since I personally target 400 pips minimum per month, it would work out to 100 pips per week.

*Adjust your trading to the momentum of the market. Momentum is best on GBP/JPY during the first four hours of the London session but you can get good moves during the Asian session at open and U.S. at open sometimes too. If you can, shoot for the London session or set alarms.

*Do NOT trade 30 min before, during and 30 min after big news announcements like NFP and some of the other major releases especially the U.S. releases. The market could easily move against you hundreds of pips in seconds. This has happened to me !

*Never take a premature trade. If the price is coming close to the S/R line, do not jump in assuming that it's going to break the line. It may bounce and hit your S/L. Let the price move through the S/R line a few pips then place your trade.

*The longer that a trend has been in place and it is broken, the harder the fall or the higher it will climb. Adjust your profit targets to the momentum of the market.

*Trading is 90% discipline and 10% execution.

*Plan your trade and trade your plan. Don't trade emotionally and hope that the market will go your direction. Been there, done that and it doesn't work.

*If your broker stop hunts then add 10 pips plus the amount of the spread to your original stops.

*At times my S/L will be 10 to 20 pips more than my T/P because I place my stops one S/R behind. My stops are hit only 2 out of 10 of my trades so this works well for me. Keep in mind the hedging strategy discussed in the 2nd post. If you don't feel comfortable with the amount of S/L use 50 pips as a basis but remember you don't want to set your S/L so close to the entry that it is hit. Give it some room to move.

This is the basis of my method. I will make live posts of when I'm in and when I exit the market. I like to see price action before I enter trades but I do set limit orders for when I sleep or other times when I'm away from my computer. With my method and any other method, test it out on a demo to see if this style is for you. I'm not responsible for anyone's losses. So anyone taking my live trades, it's at your own risk.

CHART SET UP

2008-05-23T21:20:00.000-07:00

http://www.forexfactory.com/showthread.php?p=2017770

CHART SET UP

Support/Resistance lines (S/R) - start from the month chart and work your way down to the 4 hour to see where the price is bouncing at least 3 times. Draw bold lines for the higher time frames monthly, weekly and daily. For intraday time frames use thinner lines so that you will know which lines are the strongest. The more times that the price bounces off of a line, the stronger that line is. These are key levels that I look for to be broken when entering a trade.

Trend lines - I use these the same way as S/R but the key in making these work is drawing them effectively. Look for stronger, more dominant trends zooming in from month to 4 hour.

http://www.babypips.com/school/trend_lines.html

OBSERVATION

I call my method The Breakout Method because that's exactly what we are looking for. This is where we will spend over 95% of our time waiting for the price to make certain chart patterns. This will put us on alert to get ready to trade once the price "breaks out" of the pattern. I've seen the price go crazy like 800 pips on GBP/JPY and more but we are just looking for a piece of that.

There are mainly 3 patterns that I look for:

Symmetrical Triangles http://www.babypips.com/school/symme...triangles.html

Ascending Triangles http://www.babypips.com/school/ascending_triangles.html

Descending Triangles http://www.babypips.com/school/desce...triangles.html

After a big move I also look for reversal patterns so be on the watch for these:

Double Top http://www.babypips.com/school/double_top.html

Double Bottom http://www.babypips.com/school/double_bottom.html

Head and Shoulders http://www.babypips.com/school/head_and_shoulders.html

Reverse Head and Shoulders http://www.babypips.com/school/rever...shoulders.html

PUTTING IT ALL TOGETHER

After spotting any of the triangle patterns, what you are looking for is for the price to make a candle outside of the triangle. This will be your first indication that the price is about to make a sizeable move. Don't enter any trades just based on a break of the pattern but wait until the price breaks through the nearest S/R level that it has bounced from several times or until the price has broken out of the channel. For an example look on the GBP/JPY chart May 14th through May 20th. You will see that the price is trading in a sideways channel from 202.41 to 205.00. I will not place any long trades until the price breaks through the 206.00 level (not 205.00) because I have a cluster of trend lines on my chart as a "Do Not Trade" zone and short trades below 202.41.

To recap:

a) Spot a triangle pattern

b) Then look for the price to make a candle out of the triangle

c) Then wait for the price to break the nearest strong S/R level. This will be your entry. Stop loss (S/L) should be set one S/R behind. Take profit (T/P) should be your next S/R. If the move is big I stay in the trade but trail my stop one S/R behind in case the price moves against me.

Hedging strategy:

This sounds all perfect in theory but the price sometimes does the unexpected. Occasionally my T/P is not hit and the price reverses back to my entry level. So, what I do is open a hedge position once I know for sure that the price is reversing. Example, if your take profit is set for 80 pips but the price hits it's highest level then reverses to within 10 pips of your entry price it is a good time to open a hedge position. I rarely hold my hedge positions for profit but rather for loss protection exiting the positions at break even (B/E). Though you can hold your hedge position and close @ the next S/R level but make sure you close your first position to B/E.

After spotting a reversal pattern, I watch the price and look for a break of the nearest strong S/R level and follow step c) from above. Often times before a trend reverses the price will trade through a sideways channel sometimes for a week or more after a big move.

GBP/JPY earning

2008-05-23T17:38:00.000-07:00

Here is a tip to all newbies and those who still struggle with trading:

Stay out of this pair unless you know what your doing!!!!

Some many not like that statement but consider the facts: this pair has moved some 500 to 800 pips in a day, if your using a stop, you will most likey be stoped out.

Has the abillity to move 100 or more pips very quick.
What is happening in this pair and why? If you cannot answer should you be trading it?
but that doesn't mean they're risky

this is one of the worst trading videos in youtube. You just usea a blackbox system to generate the signals and dont explain them. Actually you yould just generate the signals automaticly with the computer, since you are doing nothing but a tranfering the buy signal from one system to the trading system...

What is a Pip ?
pip is the small price increment in forex trading .pip stands for percentage in point.Prices are quoted to the two decimal point in the jpy forex market

Stop loss

Stop loss is one of risk control tools u can use , but its not the only tool u can use , plus that we enter our positions from a turning points levels