Friday, May 21, 2010

What Your broker do against you

This post is connecting to my explanation about timing and babysitting your position.
If you read the term and condition before you sign up to your broker there is term about they will take all your offer or position. It means if you buy they sell and if you sell they will buy. Some beginners trader have a slight mistake about trading in a broker platform . They think that they fight against the market. For Big traders and big boys of course that is the truth. But for regular retail trader like me and a lot of traders it is not. because of the condition you must understand that you will get a lot of losses.

Here I want to share in my experience how broker make a serious strategy against you inside or with the plat form..

1. The make a freeze price. ( freezing the price). Sometimes broker loose in the real market or there is a good price for every broker to get in . Sometimes they make a cheat act : they will disconnect your platform or make a delay time. The aims is to make a bad price position which is offered to you. And make trader loose the good time to enter.

2. Make a fast fading action. Sometimes you will get a huge movement or spike to one pair. Your broker strategy is making a fast fading in that price so trader can not enter or cannot take the best winning. And if you are not in the trade, you cannot enter . The result is always : re quote the price. blink blink ... re quote the price and if you close you will get a small winning or if you enter you will find a big minus in your position. This action aims is to make your robot death or making not effective and get wrong signal too.

So be deathly careful from this 2 (always) your broker do in your trade.

So if we know that things can I and you make a winning trade? OF COURSE. in the next post I will explain to you.

see you happy and profit trade....

Monday, May 17, 2010

Take position is The Problem

For you, who real trader with real money jn demo account understand how crucial this one : Taking position.
Why? Because all of the trading burden rush and flow in the whole of your body. Thinking about how much money you will take on the table that you bet. of course your thought is support form your analyze so you think you can be cool ... Not. I believe that your hearth is still make a drum like heartbreak . In your deepest of heart, you know that , you don't know where the price will going to.

All of this is about trading psychology. If you do your homework ( analyze, knowing the trend, put the set up. look for the right place to place your order, give more attention to indicator, finding the edge, make a fake decision( decision that you made only in mind where you want to put the order not the real one, all about if .. and if...) , money management, counting the lots. Thinking the pair, the news , the hedge fund thinking, your broker cheat and bla bla bla.... All that think mixed in your brain and became juice.... ( if you do that homework ) maybe you have think what I am going to say..... FORGET ALL OFF THAT .... quick Push your button

If you in the right side be greedy ( it is means ADD YOUR LOTS ) and if you in the wrong side. let the broker take your stop lost if you use it, or you can get out as soon as the price reversal so you will in the small loss.

Analyse again . again and take the other position which market tell you. Do Not argue with the market. what ever the direction. Remember Market is always not logic.

oke see you next. Happy profit trading.

Thursday, May 13, 2010

How to Choose and Set up Indicators

In my explanation it is important to stick in you head that the first you must find out is The S/R area or line or supply and demand area. Andthen how about indicator which will support our Analise. How to choose the good set up or the best combination of indicators.

If you search on goggle , you will find thousand of customized indicator that always be said very profitable, no lagg., cheap to buy, never loose , bla, bla bla and so on. Is it true? is it good. Then how to make our self. Is it good making customized indicator by our self? . Of course you can do it IF ... once again iF you really understand how the indicators work and made.

To traders who only know using the indicators without knowing much enough to understand how it is made and how it is work, it's the best without loosing a lot of time : using the original set. And what indicators we need to make a good analyzed confirmation. For the best, At least you need 3 indicator which describes : trend and momentum and trading area.

In Metatrader platform you will find all that in their platform. Simply you click Insert --Indicator--- Then you choose. You will find too which one is trend or momentum indic. For tips: if you use well popular moving averages set on the Fibonacci number or specially known popular is 5, 14, 20 and 200. of course you can make little research using that.
for Trading area you will not find in the indicator list but in other. ( you can use, i suggest) : Fibonacci line or Murray math. Later I will explain how to use it.

Ok for conclusion for your set up is :
1. Knowing S/R/ area or line
2. Trend indicator
3. momentum indicator
4. Indicators that describe trading area.

How about Volume indicator. Especially for this one ... You will not have the real volume on your platform. Neither if yo find call volume on meta. because it is not ... NOT describe the real trading volume. so I will not recommend.

ok good luck to make your own and happy profit trading.

How to make an effectively Position

after you know the edge area : s/r area or S/r line, you must instantly act to make an analyze from your indicators. before you make a position. The result of knowing two habitually work is you will know and understand where you area in the up and down price. You have to recognize the right direction for daily trade. and the last thing you have to know is TIMING to get through the waving trade. This reason why I do not agree to trader who use robot or expert adviser. Of course it can make the trade easy and lack emotional trade. but this (I thing) it is not effectively.

The usual LAW to make a position is : SELL on High and Buy in depth. Two kinds of words is must combine with S?R and candle reversal timing .

If you in position: you know the price direction (For example: trend up ) . Then you know it is recommended by your indicators. as soon as possible you must find the depth ( you can say a reversal of this price) in a specific time frame. after all things right or agree JUMP to the trade.

that is I said effectively, because you will in the low risk position . This one is recommended to the breakout strategy which sometimes make a false spike.

then aha.... you in the right direction. as soon as possible you can make a trailing stop. Do it to the +1 pip position. if the price hit it again . JUMP again . If the price go to your direction RIDE it
. This one called LET Your Winning Run.

See you in the next tips. bye

Wednesday, May 12, 2010

Knowing indicators

The last post I said about finding the edge. So Are the indicators really useless.....? No it is not. They are still use full but... if we know when we give them attention and when we neglect it. because indicator is made by the great trader from the whole world. but is this the fact that the only one who really know about indicator is the mas who made is. All setting in it is depend on long research and a lot of time approving time action. that is that we will not know well. Trader always set the indicator by himself sometime and a lot of them said that standard mode is false and bla bla bla ... so on. They always make different setting for they own and the result. is........ 99% wrong.

Why indicators can not for triggers:
1. always lagging ... always
2. indicators are gives from brokers... so they can make something..........

Now, why I still recommend to use it. This is the reason:
1. The standard mode indicator using by thousand trader so . if thousand traders use the same action . they position will affect the price.
2. Indicators can be used again ...just for confirmation . not for the action triggers

Mentioning my posting . just stick for this:
First the price ---and then ----the indicators.

The Price is looked for by the edge and then the standard indicator is for confirmation ( you have to mention the right time frame).

Ok friends, see you next explanation.

Monday, May 10, 2010

Find Out The Edge

Following the last post, Now I want to share about the edge. Traders wants to find out that in all they searching and waiting for called signal or time to enter the market. I thing this is hard for the first time but know i understand that i , myself , made that difficulties. That is my focus intention. Before I can recognize that i always busy to find the right combination of indicators, then combining with time frames plus hard waiting sat on my hot chair with no Aircon. and so on . So I forget the most things that is : Trade. As simple as sell and buy when price is right on each side. And I want to share what I always do to find the edge.

My analysis target is to find battle of buyer and seller. That is consolidation !!! BUT.... BUT. again BUT- the consolation after the clear trend

1. : I open the big time frame Monthly, Weekly and the last Daily.
2. : I will find the candles which is describes like zebra cross ( my candle color set up is black and white) . and that is the consolidation
3. and after that i want to find out in the smaller time frames , my position with THE SAME DIRECTION WITH THE TREND. It is means i have to find the most probably reversal. In this part I use Fibonacci, maybe Murray math or the neck combine with the reversal candle----( this means sell on high or buy on the depth) and also called the low risk position.
4. After I found that number i count the money management. I set up (But in my mind only not on the desk) the risk ( which I have to make stop loss ) and target. I wait/ baby siting my position
5. the most before i push the button is arrange my trading psychology. Collect the brave heart and let the heart cool with anythings can happens and then......... PUSH the button
6 wait and see and the next I things you can mention yourself.......
7. happy with anythings else and prepare for the next position.

oke Friends until now i still not give you the picture yet. promise i will... until my explanation is done.

God Bless You.

Sunday, May 9, 2010

What is the forex trading / the real things secret

what is forex trading?
after I read a lot of e book and chatted with my friend and expert this this the real thing that a lot of traders forget.
that is : TRADE..... yeah . Only trade.. WHAT ????? so what is the connection things.
trader sometimes forget that this basic word. Because trader always give most attentions to indicators, combination of that and signal, prediction , EA. robot and so on and forget about the most thing : trade. So what is impotance knowing this. If you stick this words to your mind you will always remember about supply and demand. and price. that is the most hings we have to understand precisely in this business. Where there's a lot of demand so the price is up and lack of it will down. alot of supply so make price lower and vice versa . So to make a good and benefit trading we must identified this area. which one is the area of battle of supply and demand, about buy and seller. and after a few of time the balance will become unbalance and we will know the winner and catch .... !!! we push the trade position and we will see the big enough move depend on the time frame. and after that a few time the price will go back again and then we can push the button again and will see the profit. this strategy call :

identified the edge and take the breakout and first reversal

ok friend. see you next.

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Searching for Holygrail

In 3 years ago , I started forex trading and tried to find a simple and profit straight strategy to win in this forex battle. In the searching I found a lot of friend who recommended me a lot of information how to make a set up, a money management, strategy, pending order , about stop loss, and so on. In that searching they gave me a lot of E book that says can give me a lot of profit.
they said all is free and I can download and give to my friend. Why. Because they said they got it freely too. thanks Got to the generous people there.

You know that build a career and profitable trading is same as hard to find out a needle on a giant and huge hay in the farm. But I still have a hope if somebody out there can do it so I will.
in this blog i will share my simple strategy and a lot of e book that i got from friends. Hope you can find out it to.

ok. friends see you soon