Saturday, February 27, 2010

UJ strength is broken

The way I see it. USD / JPY strength is broken, but the uptrend is still intact. Who cares for high-risk entry?

Short or better UJ@123.70
Stop Loss: In his own
Purpose: This will be great

And before I forget, EURJPY and GBPJPY is at stake in the trendline. However, not broken, but if all goes well we will see broken tonight. Then we have the market to always go before a new trend is born.

Marketiva Stop Loss Hunting



This is a picture of EUR / USD 4H chart on Marketiva platform. See the candle in the red circle.It has a long tail up to touch 1.3370. The price movement in seconds down and up again. My stop loss was set at 1.3373 at the time and stood out. Below is a picture of EUR / USD 4H from North Finance. As you can see, the north of Finance did not register the same sudden price movements.



Unless I'm mistaken, this is the currency market, where tariffs are the same worldwide. So why do they have to go Marketiva sudden price north of Finance and was not recorded at all.

Even when I was stopped out, but I still go with 50 pip profit and did not come back as the force of the trend isn't worth it. Btw my goal for that trade was 1.3450. To enter the market again for a gain of 50 pips from another isn't worth the risk as the trend isn't strong enough. Any of you have had the same problem with Marketiva?

Accuracy is Luxury

In the land of the currency, the trend is king. Again accuracy is a luxury. During the first days of operation, some people may see the trade in terms of its signal, but finding the best entry is a bit difficult. After a time the system will give less signal, but higher percentage of winning. Then comes the accuracy. Once you learn how to obtain the entry point precision'll see what I say just a luxury.

Friday, February 26, 2010

Commodity-channel-index

The Commodity Channel Index (CCI) was developed by Donald Lambert designed to identify cyclical turns in commodities. The idea behind this indicator is that the products (or stocks or bonds) move in cycles, with highs and lows coming at periodic intervals. Lambert recommended using 1 / 3 of a complete cycle (low to high or low to high) as a schedule for the ICC. (Note: Determination of cycle length is independent of the ICC.) If the cycle runs 60 days (at least every 60 days), then 20-day CCI would be recommended. For the purposes of this example, a 20-day ICC is used.

For purposes of scale, Lambert set the constant at 015 to ensure that approximately 70 to 80 percent of CCI values are between -100 and +100. The CCI fluctuates below and above zero. The percentage of CCI values that are between 100 and -100 on the number of periods used. A shorter CCI will be more volatile with a smaller percentage of the values between 100 and -100.By contrast, the periods used to calculate the ICC, the largest percentage of the values between 100 and -100.

Lambert's trading guidelines for the CCI focused on movements above 100 and below -100 to generate buy and sell signals. Because about 70 to 80 percent of CCI values are between 100 and -100, a buy or sell signal will be in force only 20 to 30 percent of the time. When the CCI moves above 100 is considered a guarantee that should enter into a strong uptrend and a buy signal is given. The position must be closed when the CCI moves back below 100. When the CCI moves below -100, security is considered in a strong downtrend and a sell signal is given. The position must be closed when the CCI moves back above -100.

Since Lambert's original guidelines, traders have also found the CCI value for the identification of investments. The CCI is a versatile indicator capable of producing a wide range of buy and sell signals.

ICC can be used to identify overbought and oversold levels. A security is considered oversold when the CCI falls below -100 and overbought when it exceeds 100. Oversold levels, a buy signal could be given when the CCI moves back above -100. From overbought levels, a sell signal when the CCI could be turned under 100.
As with most divergences, oscillators can also be useful to increase the strength of signals. A positive divergence below -100 would increase the strength of a signal based on a move back above -100. A negative divergence above 100 will increase the robustness of a signal based on a move back below 100.
It breaks the trend line can be used to generate signals. Trend lines can be drawn connecting the peaks and valleys. Oversold levels, an advance above -100 and evasion of the trend line can be considered bullish. From overbought levels, a drop below 100 and a trend line break could be considered low.
Traders and investors use the CCI to help identify investment prices, price extremes and trend strength. As with most indicators, the CCI should be used in combination with other aspects of technological analysis. In calculation to momentum, volume indicators and the price graph may also manipulate a technical evaluation.

Marketiva-is-playing-games

Again and again I have noticed that Marketiva is playing the game to stop the loss of hunting. I have 2 exacta on trade and Marketiva Marketiva always come Northfinance and "Stop Loss".One might expect the difference of propagation would be the factor here, but consider this.Marketiva always show the difference in price between 2-5 pips compared to North Finance, taking into account the difference in just 1 pip spread its ..... It is better to let people or decide.Anyway my Marketiva trade is small. Just playing for egold.

Yesterday, the position is still good for now. Added another short GJ@238.50. Target has changed due to low market volume. Below are new targets for today.



EJ target: 162.63, 162.23
UJ Target: 120.10, 119.87
AU Target: 0.8305, 0.8290
GJ Target: 237.80, 237.45

fxegypt-forex-contest

I was dealt with this couple of weeks and have no time for trade. At the time my account in the contest for 1k. Hopefully next week onwards, I can concentrate on trade. Currently, the largest manufacturer of gain is almost 5 times and Malaysia. Hopefully I can trade him. He is good. Up to 5 times in 10 days.

How-to-trade-trend

This will be short and concise. The simplest is the best system. Take any one of the best indicators are applied to daily chart. Look for the trend.

Take the same indicators that apply to table per hour. Based on the daily trend point of entry.

If the daily chart is bullish, saying, use the hourly chart to find the long-only position. If the daily chart is telling downward trend, use the hourly chart to find the position of short time.

If the daily chart is telling U uptrend and have a brief indication of its hourly chart, you can close your position and take another position in the table per hour is to give the same signal as the daily chart, and vice versa.

Forex Remember this is not how smart you are. Its about discipline and money management.

Forex-Review-jpy-Pair

After an assault on every uptrend finally JPY pair are showing signs of slowing. GJ have shown a signal and is falling short these days. UJ still growing, but at the time of last-minute difficulties 120.50. If you keep what we should see a big drop in all JPY pair. In any case it all depends on tonight on the report of the NFP. While its sequel, 120.50 will be broken. If your bad then we will see a new trend. Happy Trade

Thursday, February 25, 2010

In The Land Of Forex, Trend Is King

Those are the words that cling to in Forex. No matter what happens in the technical or fundamental study. Always follow the trend. Tendency is king. Follow the King and will be richly rewarded.

555 FOREX TRADING SYSTEM

This forex trading system is part of my whole system of Forex Trading. I post only to help the new traders to develop their own trading system. This Forex system can be used in all pairs. It is far from perfect but may give an idea of how trade and develop their own forex trading system. Perhaps in the future if you manage to improve this system, you may want to share with me. Anyway here goes.

Running Time: 4 hours
EM: SMA5 or SMA8 that best suits each time, SMA55
TSF: Period = 55
Bollinger Band: MA = simple, Period = 55, multiple = 2.0
Slow Stochastic: Period = 10, 3, 3, simple, simple
Fast Stochastic: Period = 13, 3 Exponential
For the 1st table to use USD / JPY pair within 4 hours. Remember, this Forex system is designed for 4 hours time frame, but can be used on all pairs. In this system of currency, MA8 (red) and TSF55 (Blue) is the indicator to trade long or short. When the red is above blue = long and vice versa. BB55 and SMA55 is the goal. Both the stochastic are a confirmation of the trade position.
When the price is in BB55 either the top or bottom and both stochastic shows the extreme value may be a signal for change. To confirm the investment is when the price broke the red and blue. The price of it is the final indicator. Once the price broke the 2 lines, find the entry for the best. Normally, the best entry is when the price is on the blue line. If after entering the trade, and the drive to get the price in his favor let it go and escort him to finish.
Below is the explanation of the above table
1. BB55 peak price. As mentioned before, BB55 acts as targets. In this case, USD / JPY already reached its destination on the basis of this system, but the momentum is still strong based on the distance of the Red and Blue line.
2. BB55 peak price again but this time the closing prices below the red line. This indicates that the momentum has died and a reversal soon.
3. Ideal input. Red under the blue line indicates a short position. The price is on the blue line.Short now and let it run until it meets the bottom BB55
4. Price crossed BB55 and then goes flat at this point. It is making its way back to BB55 and a flat red line indicating the time is dead and is an investment very soon. At this point, the entrance of the long position is the lowest price in BB55.
5. BB55 peak price but can not make new highs. This is where to exit and enter new short position. Let it run until the drive is dead.
If you look at point 1, 2, 3 and 5. All points are high and they are all higher than the previous peak. This is an indication that, and USD / JPY is actually rising, but as the currency in the waves that sometimes get lost and fail to see the whole picture. In this case, which never does, follow the trend and always remember that the picture is USD / JPY uptrend going. Being preparation if the market suddenly shoot. Always remember to use stop loss correctly. Forex market is a risk, manage risk appropriately.

Forex-Trade-Review

Last Friday, Non-Farm Payrolls is out. This is like fuel for usd and affects everyone, especially EUR / USD and GBP / USD. On Friday the report came out a mixture. People are confused and prices swing up and down. I was on the losing side of trade but the swing at one point, was 30 pips, but because generally Marketiva news block for hours, finally ending at a lost. Well anyway its currency. If you do not lose in forex you do not feel the emotion.

Anyway I will review some peers. Maybe some of you can find a retailer in my review. As for me I am currently off the market waiting to come to the senses. Currently, all couples are in extreme oversold or overbought.

EUR / USD
Currently 1.2532 after falling nearly 200 pips. She is currently on a downtrend thin with a possible target of 1.2450. For those of you who are already in a short position, it is possible to maintain the final position with stop loss of his choice. For me I only consider entering 1.2450, depending on the strength of the force.

GBP / USD
Currently as 1.8540 and EUR / USD drops like a rock on the NFP report out. Possible target is 1.8200. Looks like a return very soon. Just watch the trend and momentum for a possible entry. I'll be watching this.

Wednesday, February 24, 2010

Free-forex-signal

Everybody likes free stuff. Me too, but I like giving things free, too. In the future I will free Forex signal publish on this blog. Before switching to someone free forex signals, I would warn you that I will not take responsibility for any gain or loss using my free forex signal.

If someone here to see what kind of signal they give here is an example. BTW, as a sign that the GBP / USD gave me over 300 pips. Happy trading.

Marketiva-scam

Read some very interesting review on Marketiva. It seems that some people classified as Marketiva scam. I do not care because I am still using their $ 5. For me Marketiva is a learning platform. Btw a review for you to read:

"I would not trust any company without background information. I had asked to see who or what is behind the company before depositing the funds. No answer. I think there is any long-term scam here. Something is not well in comparison with other runners’ also a bit odd that you can open an Acct. without ID Last but not least, beware of the glowing reviews from Marketiva out in the forums. Most, if not all these posts are done by real-Public Market fraudulently poses as investors. You can pick them out. They are obviously using slogans and pushing the free $ 5 to enter. The $ 5 is just a ploy to sucker in the new operator. The rest of the positions are those who promote their referral links. I am of the opinion that it is a total bucket shop Marketiva. Like a Pons scheme, money lines the pockets of the losers Marketiva and helps pay for the few who make a profit. I seriously doubt any investor money actually does in the market. 95% of traders lose on average. This makes for a profitable business model, especially when the investor is essentially trading on a demo account with real money. They know they are likely to lose, so the money goes into the bucket and you blame the left a bad market for a loss when, in fact, never your money even did about it, enough ranting. Marketiva careful and do your own research and due diligence checks on any staff member who wishes to participate. Good luck out there!

Trend-Momentum-and-Timing

In making a technical analysis of currency. There are 3 basic things that must be appropriately recognized and used.
Trend
Momentum
Timing

Trend
The trend is the propensity of moving towards a particular direction. When uptrend, price moves positive and vice versa.

Momentum
The momentum is the force of motion. The stronger is the strongest impulse is the movement. When the drive is over, be reversed.

Calendar
The timing is that time when you enter the market. You enter only when the risk to benefit ratio is good. A part from that better stay out.