Saturday, September 13th, 2008 |
This tool is very awesome. It is probability meter, most of major indicators are built in this tool. You dont have to be FOREX expert in order to use this tool. 5 major indicators analysis compiled into this tool.
It’s very simple on using this indicator. On London Open, you just wait until the strong UP TREND/DOWN TREND displayed on the indicator. Then, you can trade accordingly. The indicator also come with money management tools. It will advice you on how max lots and will show how much is your current position doing. I will give you all the tools plus instruction on using it. How much am I selling this? It’s your job to pay me for this not mine. You can pay me whatever amount you like. Yes, whatever amount. I will send the tools to your paying email address.
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Friday, September 12th, 2008 |
A thorough Forex trading education must include an understanding of the effect market timings can have on trading and liquidity.
One of the most active periods of the day is from the time the London market opens. Often around that time good trading opportunities will appear.
As part of your Forex trading education, learn to analyze market conditions around London open and begin to recognize good setups.
The following questionnaire and checklist will help.
London Open Preparation
About 15 to 30 minutes before London open check the answers to these questions:
- Are the MACD indicators on the 4 hour and 1 hour charts in agreement? If they are not going in the same direction be very careful!
- Is there MACD divergence on the 4 hour, 1 hour, or 15 minute chart? Look for other clues to confirm that price may go in the direction of MACD divergence.
- On the 4 hour chart what is the overall trend?
- Do a Fibonacci calculation on the last swing high and low and see if price is pulling back to an optimum retracement level or whether it is reaching a key extension level.
- Note price in relation to the 200 EMA (Exponential Moving Average) on the 4 hour, 1 hour and 15 minute charts. Is price bucking the trend? In other words, is price above the 200 EMA on the 4 hour and 1 hour chart but below it on the 15 minute? Then be prepared for price to go long at some stage. (Draw the opposite conclusion if price is below the 200 EMA on the 4 hour and 1 hour chart but above it on the 15 minute chart.)
- Are any Economic Reports imminent?
- As the candle closes on the 15 minute chart at London open, do you see any distinctive candle patterns such as tweezers, or doji’s or hammers indicating price exhaustion?
- If I entered a trade right now in a particular direction, what would be the risk and where would I place my stop?
Within a few minutes of London open, if you see a number of factors converging from the analysis above, make a decision one way or the other:
- trade
- wait for clearer signals or a better entry point
Carrying out an analysis in this way each day at London open will do much to increase your Forex trading education.
It will make you aware of what is happening on the charts and in the marketplace and help you to arrive at conclusions.
There is no magic formula involved with Forex trading education. Put simply, successful Forex trading is the result of years of hard work, study, practice, and experience often gained through painful trading scenarios.
Eventually the newer trader learns mental discipline, and how to control the emotions - probably the biggest part of a Forex trading education.
Practice a procedure like the one above day after day and begin to see some progress as you get nearer the time you make profits consistently from currency trading.
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Wednesday, September 10th, 2008 |
I would like to review a Trading System which is for me the simplest and user friendly but with proven result. It call WSS or Winning Solution . The trading system developed by the WSS team is proven for years in creating huge and consistent profit for each trading months.
It developed by combination experts in FOREX trading system development. Ashraf Haniff is the author of the system and he really knows what he’s doing. The main criteria of WSS, it’s very user and newbie friendly. You can use it even today is your first day knowing FOREX. The system also support manual and automated trading at once. This is a very cool feature, you are going to have a highly accurate custom indicator and also an automated trading system.
I will review more on this system later, in the meanwhile you can see the system by clicking the logo below.
Posted in forex system | 1 Comment »
Monday, April 28th, 2008 |
I did try the system on Hang Seng Index. These are the result for 3 days trading last week. Project-X really rocks!!!
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