Forex

The most important decision in taking a trade is knowing whether you should buy or short the market. If you take a trade in the wrong direction, nothing else matters. So how do you determine the trend of the market? With the  " Trade Strategies of the Pros "  and you You'll learn:     * How to determine the trend with confidence          (no more having the market turn against you          right after you take your trade).     * How to know if the market is going to reverse          its trend, or simply make a brief retrace          and then continue in the direction of the trend.     * How the pros run stops (learn how to avoid getting          your stops run, and even follow the pros in     ...

The candlestick chart is one of the most used charts in trading nowadays. It is thought to have been developed in the 18th century by a Japanese rice trader Munhisa Homma. He discovered that by drawing the price movements as a “candlestick” he will have more information that can be used in trading. In time analysts and statisticians have discovered patterns which indicates with a certain probability a continuation or a reversal in the price action of a certain instrument. Let us see how a candle is formed and what its characteristics are: A bar shows the open price, for a specific time frame, the high and the low of the session and the closing price of that time interval. In the image you can see that the open price is on the left and close price on the right. Because the close price is higher than the open price we consider it to be an ascending candle. If we are to draw a right horizontal line at the open price and a left horizontal line at the close price, li...

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression. The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For examp...

This system from a member of forexfactory.com. so you free to try by yourself. He has been using it for a while This system has different names like Power Band, E-75, but the idia of this system coming from Steve Nison. In his books and dvds you can find that Candlestick patterns appears on support and resistance levels, confirming S/R. He offers to use candles with western technology, such as Bollinger Bands and oscillators, in our case it is Stochastic. He is using M15 time frame for trading, you can use higher time frame, but it wouldn’t go lower. For set up using: - Bollinger Band standard (period 20, shift 0, deviations 2, apply to close) - Stochastic (9,3,3) - Resistance and Support levels - Candlestick patterns - EMA 100, 200, 365 (Moving average Exponential apply to close) The main idea is that we need confirmation for candlestick pattern. This confirmation is Bands, stoch and S/R. We are looking for patterns such as engulfing, piercing, dark c...

It is simple methode and profitable. only take the signals that system gives you it can work on all currency pairs. what we have here : 1 - bbsqueeze indicator 2 - 8 Ema Moving average ( yellow ) 3 - 21 Ema Moving average ( white ) Long Entry: 8 Ema should cross up the 21 Ema BB Squeeze should be Fire (the middle dots have to be Green not blue) BB Squeeze Momentum should be ON to the up side ( light blue ) TTM indicator should be Blue and at the same time price retrace on 8 Ema when price retrace on 8 Ema we should click to BUY while candle is steel open. Short Entry: 8 Ema should cross down the 21 Ema BB Squeeze should be Fire (the middle dots have to be Green not blue) BB Squeeze Momentum should be ON to the down side ( light Red ) TTM indicator should be Red and at the same time price retrace on 8 Ema when price retrace on 8 Ema we should click to SELL while candle is steel open.   www.forexfactory.com

Setting Up (on M15 Chart) : - MA Crossover Alert ( set signal when 21EMA cross 50 SMA ) - SMA 96 - SMA 200 - EMA 21 - Trix Index Entry Point rules : Sell only when : - MA cross signal pointing down - Trix Index confirming to sell - price below 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : above the highest MA (dont take any order if the risk is over 50 pips) Buy only when : - MA Cross signal pointing up - Trix index confirming to buy - price Above 96 SMA and 200 SMA. - risk at the minimum. (price closest to MA) - always Set SL : below the lowest MA (dont take any order if if the risk is over 50 pips) Close order Point : - Close order point depend on individual expected profit. the higher the risk, the higher the profit this is the closing order condition from the lower risk to the riskier one 1. lowest risk : take profit @ 10-20 pips or set sl @ BE when the price already move 10pips, and close in the condition below 2. Close trade whe...

Hi Fellow Traders, My name is Sonic. I want you to read The 5 steps of Becoming the profitable trader (5 steps pdf) document before you do anything else in trading. The Story I have been trading for a near 2 years now and been a blessing so far. Just like many of you. I started hunting for the holy grail indicators that gives buy/sell with 0 loss. Soon, I found out that my trading statement is going no where, with messy charts and too many indicators to confirm. That causes the late signal trigger; minimizing my wins and maximizing my losses. Most of them are lagging. After reading many TA systems, books and LIVE trading, I have found out about there is no systems or indicators can really predict where the price will go. I became to understand the importance of Money Mangement, General trend, Higher, High Higher Low, S & R and fib and most pro use minimal to none indicators at all. The philosophy Trading is a probability business. You can win and you can lose too. It i...