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.
Thursday, May 13, 2010
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
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 just...one 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.
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 just...one 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.
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.
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.
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
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
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