Fundemantal Analisys

Trading these Factors
To trade these factors My way you first need an economic calendar and a news source.
some calendars can be found at forexnews , Forexfactory, EventPak,and Dailyfx.

Try them all and compare data as concensus may vary amoung themnews sources can be found in various trading platforms like MGforex and coesfx.
Just open a demo account with them ( or a real one ) and use the news they offer in the platform.

The faster the news source, the better so i use a source from my partner who signed up with bloomberg,
this source is very fast and i am sure u would love it based on how we gonna trade.

The Strategystep
1. Review economic calendar and pic out the most important movers for the day.Forexfactory tells u this using color codes, if they are red, it means maximum potential volatility.step

2. Identify the time of the trade you are going to makeThe calendar should show the time when the data will be released which is the time you will be trading.step

3. Identify the previous and the concensus for the Economic data and look at the chart to tell how price would move if the data is better, worse, or just as expected.This is the only time you should use technicals in this strategy, just to tell how muchstep

4. Setup your trade planAn example would be to Short the GBPUSD if:the US trade balance previous was -$65.0B and the Market expects (concesus ) -$67.0B and the Actual came out to be -$62.0B. This is way, way off the concesus and is a thumbs upsurprise which is good for the dollar.this plan would look like this in sumary:previous: -$65.0Bconcensus: -$67.0BLong -> GBPUSD if US trade balance -$68.0B or less negativeShort -> trade balance is -$66.0 or more positivethis is how u should setup your trade plan. You must also be aware of conflicting reports like for example if a Industrial production and Manufactoring production values dont both mean a short or a long, then dont trade as the values conflict and the currency is ambiguousStep

5. Trade that plan!!You will get into the trade EXACTLY when u see the figures come out, dont hesitate, or else u are screwed. Stay in only as long as the charts tell you or before a retracement is complete so that you dont loose your pips.I personally only stay in my trades for about 2 minutes max, AVG of 30 seconds

____________________________________

KEY ECONOMIC REPORTS LIST FOR USA

with TYPE 1 being strongestTYPE

1- Non-Farm (This one is erratic but predictable)
- Trade figures- TIC Treasury International Capital
- Conference Board Consumer Confidence
- Current account
-Advance GDP

TYPE 2
- Personal Income and Outlays
- FOMC announcement
- Michigan final consumer sentiment
- NAPM Chicago
- Retail sales
- CPI
- Durable goods
- Philly fed survey
- Michigan Preliminary Consumer Sentiment
- FOMC Minutes

TYPE 3
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims


KEY ECONOMIC REPORTS FOR THE UK

TYPE 1
- CIPS Manufacturing PMI
- Industrial Production
- Housing figures
- Trade balance
- CPI
- BOE Quarterly Inflation report
- Retail sales
- Current account
- GDP

TYPE 2
- Nationwide house price index
- CIPS Services PMI
- Halifax House price Index
- MPC interest rate decision
- PPI- RICS housing price index
- MPC minutes
- GFK Consumer confidence

TYPE 3
- not advised
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims


KEY ECONOMIC REPORTS FOR CANADA

TYPE 1
- Monthly GDP
- Labour force survey
- Trade figures
- Retail sales
- BOC interest rate decisions

TYPE 2
- CPI
- Monthly survey of manufacturing
- Industrial capacity utilization rate
- Monetary policy report and update

TYPE 3- not advised

- Balance of Payments
- Business conditions survey manufacturing

________________________________


Tips for Trading the Major Currency Pairs

All About the Majors: EUR/USD
Making headlines around the globe, the EUR/USD is perhaps the best known pair in the world! For the past 3 years it's been making high after high, but a reversal could send the price plummeting! In the meantime, it provides plenty of trading opportunity as it ranges between extended breakouts.
The euro has been called the "anti-dollar" since it is highly sensitive to US data. Because the recovery in the US has been uncertain, the market closely watches developments in the US economy to determine the strength of the recovery. Fears that the US is hitting a "soft patch" in its economic growth generally boost the euro.
Though the EUR/USD actively trades 24-hours a day, the most action is concentrated in the time when the US and European banking hours overlap, from 7:00 AM EST to 10:00 AM EST. Of all the majors, this pair best reflects how the US economy is doing compared to the rest of the world.

What moves EUR/USD?

Surprises in US economic releases This pair is hypersensitive to US data and will move when results come as a surprise- especially indicators that measure growth or recovery in the US.

Talk of Euro as an alternative reserve currency Because the US dollar is held as a reserve currency by many banks around the world, a diversification into euros would drive the value of the euro up causing a sharp move in the pair.
Interest rate differentials As the Fed raises interest rates, money will flow into the US as investors move to capitalize on these higher returns, boosting the value of the dollar.

Trade Deficit Because the imbalance of more imports vs. exports has the potential to reduce the value of the dollar in the long run, the market is very concerned with the trade balance in the US. Changes can cause a big shift in the value of the US dollar.

Fundamentals to Watch

FOMC Rate Decisions Watched closely since any increases in the interest rate automatically bring in foreign capital, increasing the value of the dollar.
US Non Farm Payrolls Amid fears of a "jobless recovery," the market has become very sensitive to this indicator, which measures new jobs created in the US.
U.S. Current Account...
US Trade Balance A measure of how much the US exports compared to how much it imports. To many net imports can drive the value of the dollar down, since more capital is leaving the US and being sold abroad, which drives down the value of the dollar.
US TIC Data Treasury Inflow Capital is a measure of how much foreign buying of US securities is happening. This can offset an imbalance of too many imports, since money is coming to the US to purchase goods which drives the value of the dollar back up.
US Retail Sales The US economy is largely driven by consumer demand. If this number is unhealthy, it can indicate a decline.
FOMC Minutes The breakdown of Federal Open Market Committee meetings. Scoured for any clues about how the Fed perceives the state of the Economy. Since the Fed makes interest rate decisions, insight into their outlook can help the market predict the interest rate outlook.
European GDP Gross domestic product. A measurement of output, and more importantly, growth in an economy.
European Trade Balance A measure of how much Europe is importing versus how much it exports. Too many imports mean that the currency will get weaker because more Euros are being sold to purchase foreign goods.
European CPI Consumer price index, a measure of inflation in Europe. Inflation that is too high or too low may prompt Europe’s central bank to raise or lower interest rates.
ECB Rate Decision Refers to the European Central Bank’s monetary policy. If inflation is too high, the ECB will raise interest rates to slow borrowing and spending. If economic growth is sluggish, lowering interest rates will help boost activity. High interest rates make a currency more attractive.
IFO Business Climate Survey Acts as an early indicator for economic development in Germany, which is Europe’s largest economy. Measure of sentiment that is weighted by industry to provide a composite outlook.
German Unemployment As Europe’s largest economy, German unemployment is read as a gauge of economic conditions in the Euro zone as a whole.

US News Ranking:-

NEWS CATEGORY			TARGET	STOPLOSS
1. NonFarm Payroll USA			100	30
2. FOMC Release.			100	40
3. Durrable Good			45	25
4. Bussines Inventories.			45	25
5. Initial Jobles Claim.			45	25
6. Trade Balance.			60	35
7. PPI USA			60	35
8. Personal Income			60	25
9. Consumer Confidence			60	35
10. Consumer Price Index			45	35
11. Chicago PMI			60	35
12. Factory Order/Inventoris			70	35
13. Whosale Sales/inventoris			40	25
14. Univ Michigan Survey			30	20
15. Home Sales			30	20
16. ISM Manufacturers			70	30
17. GDP			90	30

All About the Majors: GBP/USD
The GBP/USD, also called the cable, is by far the most volatile pair of all the majors. Prone to huge breakouts and dramatic reversals, the pair can move uninterrupted for hundreds of pips, providing multiple opportunities to traders in all time frames.
When the US lowered interest rates, the GBP/USD became a hot carry trade – especially when the housing bubble in the UK prompted the Bank of England to raise UK interest rates further. However, this is becoming less the case with every rate hike out of the US – making the pair extremely sensitive to any changes in the interest rate outlook for either country.
The volatile pair trades most actively from London open until lunchtime in the UK (around 4:30 AM EST) and then during early US trading session (7AM to 10 AM EST). It can often travel 150-200 pips a day.

HOT Buttons: What moves GBP/USD?
Shifts in monetary outlook for the GBP Since the GBP is held by many in carry trades, this pair is very sensitive to any changes in interest rate outlooks.
UK housing market The UK housing market is the Bank of England’s top gauge for inflation in the UK. The housing bubble prompted a series of rate hikes, and new developments are closely monitored by the market.
US economic data The market is very sensitive to the outlook for the US economy, since recovery has been uncertain. A pickup can have implications for the US interest rate outlook, which could also affect the value of the GBP/USD.

Fundamentals to Watch
FOMC Rate Decisions Watched closely since any increases in the interest rate automatically bring in foreign capital, increasing the value of the dollar.
US Non Farm Payrolls Amid fears of a "jobless recovery," the market has become very sensitive to this indicator, which measures new jobs created in the US.
U.S. Current Account...
US Trade Balance A measure of how much the US exports compared to how much it imports. Too many net imports can drive the value of the dollar down, since more capital is leaving the US and being sold abroad, which drives down the value of the dollar.
US TIC Data Treasury Inflow Capital is a measure of how much foreign buying of US securities is happening. This can offset an imbalance of too many imports, since money is coming to the US to purchase goods which drives the value of the dollar back up.
US Retail Sales The US economy is largely driven by consumer demand. If this number is unhealthy, it can indicate a decline.
FOMC Minutes The breakdown of Federal Open Market Committee meetings. Scoured for any clues about how the Fed perceives the state of the Economy. Since the Fed makes interest rate decisions, insight into their outlook can help the market predict the interest rate outlook.
Bank of England Meeting Meeting at which Bank of England officials set monetary policy and decide whether to change interest rates or leave them the same.
UK Housing Prices The UK housing market is the number one gauge of inflation in the United Kingdom. It is closely watched since the Bank of England will raise rates if growth is too high.
UK Unemployment The UK economy is closely monitored for any changes. Unemployment is a good general indicator of the health of an economy.
UK Retail Sales figures provide a good indication of...
UK Inflation indicators are watched closely as they can...


All About the Majors: USD/CHF
Known increasingly as the "legacy pair" as trading activity moves from USD/CHF to EUR/CHF, the Swissy is the predominant safe haven currency in the world because of Switzerland’s long history of stability and neutrality. When the markets sense geopolitical turmoil, capital tends to move into Switzerland. Unexpected global events and spikes in the price of gold will create opportunities in this pair.
Because interest rates in Switzerland are so low, the CHF is also a popular funding currency for carry trades. Because growth in the Swiss economy has been slow for some time, many investors are entering into USD/CHF as a carry trade, making the pair extremely sensitive to any changes in the interest rate outlook for either the US or Switzerland.
USD/CHF is most active during European open hours (3 AM to 4:30 AM EST) through the early US trading session (7AM to 10 AM EST).

HOT Buttons: What moves USD/CHF?
Geopolitical tension: US-negative developments in the world will cause a move in the pair as investors move funds out of US dollars into "safe-haven" Swiss francs.
Gold prices Higher or lower gold prices will cause a corresponding move in the Swiss franc since the Swiss franc is one of the few world currencies that still is partly backed by gold.
SNB monetary policy Swiss monetary policy changes could have an effect on the standing of the CHF as a carry trade funding currency.

Fundamentals to Watch
FOMC Rate Decisions Watched closely since any increases in the interest rate automatically bring in foreign capital, increasing the value of the dollar.
US Non Farm Payrolls Amid fears of a "jobless recovery," the market has become very sensitive to this indicator, which measures new jobs created in the US.
US Current Account...
US Trade Balance A measure of how much the US exports compared to how much it imports. Too many net imports can drive the value of the dollar down, since more capital is leaving the US and being sold abroad, which drives down the value of the dollar.
US TIC Data Treasury Inflow Capital is a measure of how much foreign buying of US securities is happening. This can offset an imbalance of too many imports, since money is coming to the US to purchase goods which drives the value of the dollar back up.
US Retail Sales The US economy is largely driven by consumer demand. If this number is unhealthy, it can indicate a decline.
FOMC Minutes The breakdown of Federal Open Market Committee meetings. Scoured for any clues about how the Fed perceives the state of the Economy. Since the Fed makes interest rate decisions, insight into their outlook can help the market predict the interest rate outlook.
Swiss KoF Leading Indicators A composite of business surveys from various sectors of the economy (industry, retail and wholesale) that is combined to form a leading indicator that aims to project GDP growth approximately 8 months into the future.
Swiss CPI Consumer Price Index. A measure of inflation in Switzerland; a significant change may have implications for interest rate policy in Switzerland.
Comments from Swiss officials Watched for any indications of change in Swiss monetary policy.
Swiss GDP Gross Domestic Product. A measure of growth and productivity in the Swiss economy.
SNB Rate Decisions Any changes in the interest rate by the Swiss National Bank has implications for the pair as a carry trade.



All About the Majors: USD/JPY
The USD/JPY is an enigmatic pair that gives a good proxy of US versus Japanese strength. At the same time, the Bank of Japan works to keep the Yen weaker than perhaps it truly is, since a strong Yen would hurt Japan’s export sector by making its products more expensive.
Because interest rates in Switzerland are so low, the CHF is also a popular funding currency for carry trades. Because growth in the Swiss economy has been slow for some time, many investors are entering into USD/CHF as a carry trade, making the pair extremely sensitive to any changes in the interest rate outlook for either the US or Switzerland.
The USD/JPY is most active at the open of the Asian session (6 PM to 9 PM EST) as well as during the early US trading session (7 AM – 10 AM EST).

What moves USD/JPY?
Chinese Yuan: If China revalues its currency (thereby allowing it to become stronger and closer to its true value) then Japanese exports would be able to compete better in the US and China against Chinese products. If this happens, the Bank of Japan could then stop intervening in the market to keep the Yen weak, which would result in an increase in the value of the Yen
Oil prices Japan is highly dependent on imported oil. Higher oil prices can impede both production and growth in Japan as it makes input costs significantly more expensive.
Japanese reserve diversification Japan holds large reserves of US securities and currency. A diversification out of dollar only holdings could result in a large sell off in the US dollar, driving the price down.

Fundamentals to Watch
FOMC Rate Decisions Watched closely since any increases in the interest rate automatically bring in foreign capital, increasing the value of the dollar.
US Non Farm Payrolls Amid fears of a “jobless recovery,” the market has become very sensitive to this indicator, which measures new jobs created in the US.
U.S. Current Account...
US Trade Balance A measure of how much the US exports compared to how much it imports. To many net imports can drive the value of the dollar down, since more capital is leaving the US and being sold abroad, which drives down the value of the dollar.
US TIC Data Treasury Inflow Capital is a measure of how much foreign buying of US securities is happening. This can offset an imbalance of too many imports, since money is coming to the US to purchase goods which drives the value of the dollar back up.
US Retail Sales The US economy is largely driven by consumer demand. If this number is unhealthy, it can indicate a decline.
FOMC Minutes The breakdown of Federal Open Market Committee meetings. Scoured for any clues about how the Fed perceives the state of the Economy. Since the Fed makes interest rate decisions, insight into their outlook can help the market predict the interest rate outlook.
Japanese Inflation A measure of inflation in Japan. Closely monitored because when too high or too low, it can prompt a change in the interest rate outlook of a country.
Japanese Consumer Spending A measure of how much Japanese consumers are spending. The Japanese economy is driven primarily by its export sector, but consumer spending is an important gauge of economic activity and prosperity.
BoJ Monetary Policy Meeting When Japanese bank officials meet to determine monetary policy. Has direct implications for currency traders since they often hint at whether or not they intend to intervene to protect the Yen from becoming too expensive—hence making their exports more expensive.
Japanese Trade Balance Japanese imports vs. exports – the Japanese economy is highly dependent on exports; a drastic change in this number can have implications on the value of the Yen.
Japanese Industrial Production A measure of activity in the Japanese manufacturing sector. This acts as a gauge for the level of production and growth in the economy.
Tankan Survey A quarterly business survey gives a detailed assessment of Japanese business conditions. The headline number shows the difference between the proportion of optimistic businesses and the proportion of pessimistic businesses. A large positive number means that optimism pervades.


Summaries on FA:-
Fundamentals that determine the long-term strength or weakness in the major currencies include:

• Present and future government

• Economy and outlook

• Inflation and inflation target

• Current interest rates, anticipated changes

• Trade balance - is it a problem

• Current account - enough money flowing into the country

• Present and future government

How good a job the incumbent government is doing and how the people view the performance of its present government have a direct bearing on the exchange rate. Future changes in government, especially party changes are equally important. In the U.S. for example, the Democrats are generally viewed as a U.S. dollar negative because they tend to favor a weaker exchange rate; the idea is U.S. manufacturers will be more competitive and that will directly help the blue collar workers (Democrat’s voter base and election engine).

Economy and outlook (fall 2003)
The present state of the economy and perceived future outlook for the economy have a direct bearing on the exchange rate. The positive ramifications of a strong economy cannot be underestimated. There is clearly a domino effect. People are working and view the future optimistically. So they spend money. The companies are making money so they spend money. Tax revenues are good so the government is spending money. All this spending tends to make the economy stronger still, and so on. When the economy is weak and the outlook is negative the opposite reaction occurs.

Inflation and inflation target
Inflation has not been an issue this decade for any of the major countries. Deflation has been a problem for Japan and presently the United States is more concerned with deflation than inflation. Inflation outlook has changed because economies like the United States produce far less goods (prone to inflation) and much more services (practically no inflation risk). In fact better ways of servicing can lower costs and serve as a buffer.

Current interest rates, anticipated changes
The currencies of Australia, Canada and Great Britain have considerably higher interest rates than the United States, Japan, Switzerland and the Euro. The high interest rate currencies have what is known as a positive cost of carry when paired up against a low interest rate currency and that makes them especially attractive to investors. Positive cost of carry simply means the investor earns more interest on the currency bought than is paid on the currency sold. What oftentimes happens is that the high interest currencies are bought when the currencies are stable.

Trade Balance – is it a problem
A country has a positive trade balance when it exports more goods and services than it imports. When a country imports more than it exports it has a trade balance deficit. The United States has a huge trade deficit problem; each month it imports $40 billion more than it exports.

Most of the net U.S. trade deficit is with China and Japan. To correct this glaring imbalance the United States is pressuring China and to a lesser extent Japan to allow their currency to appreciate against the USD; this would make their goods less appealing to U.S. importers. A weaker USD would also help U.S. exporters sell their goods and services abroad.

Japan on the other hand has a trade surplus but that hasn’t stopped the Japanese government from officially intervening in the currency markets and buying 80 billion USDJPY this year. The U.S. up until recently has turned a blind eye on these perverse USD purchases. However, recent comments by Fed officials, the tone of the G7 communiqué, and comments from the International Monetary Fund (IMF), suggest a change in tactic on the part of the U.S. Specifically, it appears the U.S. wants a lower dollar.

Current account – enough money flowing into the country
The current account is simply net trade surplus or deficit. When foreigners were buying U.S. stocks with reckless abandon, the U.S. dollars leaving the country in net trade were working their way back through foreign purchases of U.S. stocks. That’s not happening anymore; in fact foreigners have been net sellers of U.S. for a long time now. What is happening is that China and Japan are taking all those trade dollars and buying U.S. government bonds. Problem with that is they have about 25% of all outstanding U.S. government debt; what it means is they could cause on a run on the dollar and or skyrocket U.S. interest rates if they sold a chunk over a short period of time.

Summary U.S. Fundamentals
Economy doing relatively well but the trade deficit, current account deficit, and budget deficit are all huge and getting worse. The U.S. dollar will end in tears unless something is done to correct these imbalances. U.S. dollar devaluation would help and is in the cards. Short USD is the only trade to be in these days.

source : actionforex,YeoMans.

GmosFx MT4 Guide

*klik pada gambar untuk paparan penuh.

Muat turun platform MT4 dan daftar akaun Demo dari northfinance disni : http://www.northfinance.com/files/MetaTrader/mt4setup.exe


Terdapat beberapa bahagian dalam platform Metatrader4 iaitu:-
1)menu bar&toolbar-terletak dibahagian atas platform.
-letakknya menu dan butang-butang shortcut bagi kebanyakan fungsi carta.
2)'market watch'(ditanda C)-terletak dibahagian kiri platform.
-tempat paparan harga jual/beli semasa.
3)Terminal(menu ditanda D)-pada bahagian bawah platform.
-tetingkap yang memaparkan posisi 'trading'.
4)tetingkap carta(chart windows)-terletak di tengah/sebahagian besar platform.
-dimana graf harga pasangan matawang diplotkan.

Menu Utama(Main Menu bar)
Antara menu utama yang terdapat pada Menubar/toolbar :-
A)'new chart'-memilih dan membuka tetingkap carta matawang baru.
B)'profile'-memilih 'profile' sedia ada.
fungsi profile :-menyimpan atau membuka semula 'layout'dan template mengikut paparan yang telah kita tetapkan sebelum ini.
E)'fibo study'-membulehkan kita plot unjuran Fibonacci pada carta.
F,G & H)barchart,candlestick & line chart.klik pada mana2 jenis 'chart' ini utk diplotkan pada carta semasa(active chart windows).
K)autoscroll-membolehkan harga semasa diplotkan pada carta secara automatik.
N)time frame-pilihan'timeframe'(dropdownmenu) untuk carta semasa(active chart windows).
M)Indicator-pilihan indicator(dropdownmenu) utk diplotkan pada carta.
O)template-pilihan template(dropdownmenu).
template berfungsi menyimpan(save)/membuka semula(load) ketetapan(setting) satu-satu carta(indicator/timeframe & jenis charta).
P)Bar Menu utama(main menu bar)-terletak dibahagian atas sekali(yang saya tandakan kotak kuning)
-buleh dikatekan hampir Semua funsi platform MT4 buleh diacapai disini.

Apa yang harus dilakukan untuk kali pertama membuka MT4.
1)selepas saja login ke MT4,tutup semua tetingkap yang ada pada paparan metatrader.Ini termasuk tetingkap carta,tetingkap 'marketwatch',tetingkap 'terminal' dibawah.
2)Buat pilihan pasangan matawang mana yang kita nak jual/beli.
contoh kita pilih EUR/USD.
3)Klik pada 'New Chart' dan pilih 'EUR/USD'-satu tetingkap carta EUR/USD kluar.
4)Setup carta dengan memilih jenis carta(candlestick),masa(timeframe) & plot semua indikator yang dikehendaki.
Jika kita ade indicator baru yg kita muat turun dari internet,kita hendaklah simpan fail indicator tersebut di (C:\Program Files\MetaTrader - North Finance\experts\indicators)
untuk membuleh kan kita capai indikator tersebut pada platform metatrader.

-selesai setup carta ,buleh 'save'(simpan) setup carta tadi sebagai 'template'.
Klik pada template(O),dan 'save template',masukkan nama 'template' dan 'save'.
Fail template tersimpan di : (C:\Program Files\MetaTrader - North Finance\experts\templates)


*klik pada gambar untuk paparan penuh.


5)Sekarang buka tetingkap 'marketwatch' -klik pada menu icon C),atau klik 'view' pada menu utama(P),dan klik 'Market watch'.
6)buka tetingkap 'terminal' dengan klik icon menu D)'terminal',atau klik 'view' pada menu utama,dan pilih 'terminal'.
7)jika anda ingin membuka satu lagi carta pasangan EUR/USD tapi dengan masa(timeframe) yang berlainan,
buleh buka satu lagi 'new chart',pilih EUR/USD.Sekarang 'load template' pada carta baru dengan klik pada 'template' dan pilih nama 'template' yang kita simpan awal tadi.
Sekarang kita cuma perlu ubah set masa(timeframe) sahaja bagi mendapatkan set masa yang berbeza dari carta pertama.
8)susun tetingkap carta dengan klik pada menu 'Windows' pada main menu bar(P),dan pilih 'tile vertically' atau pilih jenis susunan mengikut pilihan sendiri.
9)jika kita puas hati dengan set paparan 'layout' semasa,buleh la kita simpan 'layout' tadi sebagai profile,klik butang profile(B),pilih 'save profile as',masukkan nama profile dan klik'save'.
Fail profile tersimpan di : (C:\Program Files\MetaTrader - North Finance\profiles\).

10)Membuka posisi 'trading'.Jika kita sudah yakin dan hendak melakukan belian/jualan,buleh lah kita buka posisi trading pada matawang yang kita pilih :-
Contoh,jika kita hendak membeli EUR/USD.Pada tetingkap 'Marketwatch',klik pada matawang EUR/USD,dan klik pada bahagian Bid(harga beli).
Satu tetingkap 'order' akan tertera.kita buleh terus laksanakan arahan'place market order' dengan klik butang 'Buy' ,ataupun kita buleh set Stoploss & take profit dahulu.
Apabila 'order' kita diterima,maklumat posisi kita akan tertera pada bahagian tetingkap 'terminal'.
Jika kita hendak tutup posisi semasa secara 'manual',pilih posisi yang hendak ditutup pada tetingkap 'terminal',klik dua kali(doublecklick) pada posisi tersebut/kolum 'Price',dan klik butang arahan 'close order'(warna kuning).

Daily Fx Analisys

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Hans's Breakout System

Simple Combined Breakout System for EUR/USD and GBP/USD

* Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
* Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
* Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
* Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
* Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
* Move the SL to breakeven after a gain of 30 pips for EUR/USD and a gain of 40 pips for GBP/USD
* If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. There is only one turn per time frame possible
* At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.

This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).

Results October 2005:


10/03 : -22 pips
10/04: -61 pips
10/05: -103 pips
10/06: +168 pips
10/07: +156 pips
10/10: +135 pips
10/11: +61 pips
10/12: +108 pips
10/13: +97 pips
10/14: +274 pips
10/17: +178 pips


Total: +991 pips


The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.

On monthly basis the results are:

March 2005: +721 pips
April 2005: +940 pips
May 2005: +296 pips
June 2005: +857 pips
July 2005: +1,352 pips
August 2005: + 35 pips
September 2005: -20 pips
October 2005: +1,825 pips
November 2005: +554 pips
December 2005: +345 pips
January 2006: +73 pips
February 2006: -13 pips
March 2006: +633 pips
April 2006: +617 pips

All calculations before October 2005 are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system. Maybe someone can program this for Metatrader 4

http://www.strategybuilderfx.com/forums/showthread.php?t=15439&highlight=MT4+pivot

BrunoFX 's observed

BrunoFX Observations of the Nina method. : http://www.forex-tsd.com/suggestions-trading-systems/803-observations-nina-method.html

guiding principle:

crossing ind+ma25 above or below the reference mark 0. confirmation of the stoch + confirmation fx_fisher

Rules:

FT: M30
Indicators: IND Inverse +MA50
FX_Fisher
Stoch (5.3.3)

Buy: cross INDinverse+EMA50 (no reference mark) Stoch green line with the top of the red line and it must go up + Fx_fisher :it bar must be green and above reference mark 0

To close the order: with the crossing of the line of Stoch or TP = 15 or 20

Sell: inverse

For the sell, to see the reverse and the same for to close order

you must have the 3 indicators to validate the order at the same time

_______________________________________________________

BrunoFX... i m impressed by the simplicity of this system. As far as my experience is concerned, the real success in the forex market lies in applying simple trading systems with discipline and consistency. However, a very important part, ie the exit, is still need to be developed.

The problem with exits of trend-following systems is that not all exit strategies work well in different market conditions. An exit strategy which may hve earned u most of trend two or three times, will probably let u out too early the third or fourth time. So basically the point I am trying to clear is we must get settle on anyone way to exit which we are comfortable with. I use many exit strategies, some of which are detailed below...

ATR Exits
I use this one to take a fix no. of pips. Here, I take the value of ATR(14) on the bar/candle I entered my trade and multiply that value by 2,3,4 or 5 depending on the momentum in the market. The resulting value is the no. of pips I take. For e.g. today on GBPUSD, a trade was signaled at 06:30 GMT. The ATR(14) at the time of entry was 0.0014. Multiplying it by 5 gives me 0.0070 or 70 pips. So this becomes my profit target.

BrainTrend2Stop
I often use this indicator for trailing my stop. I think this needs no further explaination. Most of the time i get very good exits.

Pivots Based Exits
Using a combination of Camarilla Pivots and standard pivots can be a very effective way of exiting a trade. This method helps u to catch most of the pips but it requires a little judgement. Once u practice this way of exit, believe me, u wont need another.

Hope this helps everyone. If anybody wants, I can post chart examples.

EA "SIMPLE-MACD" & "SPOUTNIK REBIRTH"

Rase ni antara EA yg mempunyai backtest performance yg baik,
tapi fwd test blum ade lagi tunjukkan camna dia perfrom.



selame ni pun ade usha EA dari forex-tsd kat elite section...so far result dari fwd test EA kat sana blum ade yg betul2 bleh bagi P/L ratio yg baik & konsisten.tp just tengok2 so mmg tak blajar lagi camna nak set EA.

EA ni pulak mmg blum ade lagi fwd test result coz baru je kelmarin dia post,
sebelum ni dia pun ade buat EA menggunakan konsep fibo,tapi backtest menunjukkan EA simple_MACD ni lebih baik.


Sistem dia mudah je..just juna MACD sebagai indi,

rules dia :-
1) Bila nilai MACD bertukar dari - to +, order buy
2) Bila nilai MACD bertukar dari + to -, order sell
3) Tutup position bila MACD mencapai puncak tertinggi/terendah yg pertama.
4) Sekiranya position yg kita bukak tak profit,tutup terus dengan kadar loss terendah(setting SL).

buat mase ni diorang kat forexfactory tengan cari seting paramiter yg terbaik utk EA ni..

rekomendasi Timeframe tuk EA ni =1M atau 5M.


kat cni ade ebook cite pasal basic EA : http://planet.time.net.my/CommerceSquare/durianruntuh/MT4_EA_guide.pdf


jom kita maju setapak lagi dgn bincang pasal EA plak.. :)

-------------
source :
forexfactory : http://www.forexfactory.com/forexforum/showthread.php?t=6120
contoh chart 'simple_mACD' : http://i62.photobucket.com/albums/h101/jomforex/simplemacd.jpg



______________________________________________________________________




2) EXPERT ADIVSOR SPOUTNIK REBIRTH H1-V1.1

Thanks for your help !

I understood problematic linked to the fisher…
Therefore i added CCI in 35 (thanks to "trader79")
BBsqueeze i know this indicator but i prefer for the EA development to use standard indicators (For "Dirk")
The new tpl below – i replaced Fisher by CCI Woodies in 35...

--------------------------------------------------------------------------------------------------------
EXPERT ADIVSOR SPOUTNIK REBIRTH H1-V1.1

Dear All

Just below a method i developped giving goods results
I would appreciate if we could create a team as follow :

1) EA programmer on MT4
2) Tester on on different broker

TimeFrame : H1
Currency : All
Indicators used : TrendCCI 35 + Flat trend H1 + macd 8.12.1
MA CrossOver Signal 5-7
Working hours : euros, chf, gbp : 7 -12'00 GMT time and 15'00 till 18'00 GMT TIME
Working hours : yen : 01.00 AM -15'00 GMT time



Rules Long positions :

Correlation of 4 indicators :
Between Zero line of MACD 8.12.1 with Trend CCI 35 which should go above zero
+ Green bar on Flat Trend and Arrow Green on MA Crossover Signal (Cross EMA 5 - 7)

SL :50
TP : open
trailing stop: 50

Exit with All Conditions Short (On Four Indicators)

Rules short position :

Correlation of 4 indicators :
MACD 8.12.1 Cross Below Zero line with Trend CCI 35 cross Below Line zero
+ Red bar on Flat Trend and Arrow Red on MA Crossover Signal (Cross EMA 5 - 7)

SL :50
TP : open
trailing stop: 50


Exit with All Conditions Long (On Four Indicators)

EXPERT ADIVSOR SPOUTNIK REBIRTH H1-V1.1 -tech data in order to developp an expert advisor (EA)
Lots : 1
Maximum lots : 2
TP : 50
SL : 30
TS : 30
Money management
Start hour H1
End hour H1
Start hour H2
End hour H2
Enclosed : gif + tpl + indicators pack

http://www.forex-tsd.com/20000-post16.html

STRATOBLASTER FOREX TRADING FORMULA

ITS HERE NOW!

Originally from THE TUNNEL METHOD, I am switching to a NEW THREAD FOR 2006! STRATOBLASTER FOREX TRADING FORMULA

This new thread will address issues of the OLDER FORMULA and what I HAVE ADDED so please stay tunned until fully completed.

In the mean time I will post charts to look at and if any one out there is interested in this new thread, I SUGGEST YOU GO FIRST TO THE TUNNEL METHOD AT

http://www.strategybuilderfx.com/for...771#post141771

and read the posts and look at the charts so you get a good feel of the original Strato Tunnel Formula!

EVERYBODY WELCOME IF YOUR NICE AND POLITE ONLY! ABSOLUTELY NO NEGATIVE POSTS WHAT SO EVER!!
Welcome,

Strato

YOU WILL NEED TO DOWNLOAD THE SBFX PLATFORM to MAKE SURE you on the same page with all of us at:
http://www.strategybuilderfx.com/platform.php/

UPDATE: NEW ZIP FILES ATTACHED FOR INDICATORS!ATTACHED HERE ARE BASIC RULES OF NEW FORMULA !

ALSO, SO YOU HAVE AN IDEA OF WHERE I AM COMMING FROM PLEASE PRINT AND STUDY THIS:

LEARNING TO DAYTRADE FOREX IS A PROCESS WHICH REQUIRES diligent study of CHARTS, PATTERNS, PRICE ACTION, CANDLE FORMATION, TRADING ZONES, Learning the PROPRER SETUPS for a trade, and most importantly WHEN NOT TO ENTER A TRADE!

THIS MUST BE PRACTICED AND MASTERED ON DEMO FOR A FEW MONTHS, FOR it is NOT a GET RICH QUICK SCHEME whatsoever!

If you willing to put in the TIME AND BLOOD, SWEAT AND TEARS, to Learn trading this FORMULA, YOU WILL MAKE MONEY! Please just DO NOT EXPECT to be SPOON FED, becuase you will NEVER LEARN that way! YOU MUST PRACTICE AND TREAT THIS LIKE A BUISNESS!

I am here to COACH YOU, not TRADE FOR YOU! It is your job to learn these setups so YOU CAN PULL THE TRIGGER! It is YOUR MONEY!

I post CHARTS all the time SHOWING YOU what to look for to MAKE A PROFITABLE TRADE, AND IN THIS FORMULA WE DO NOT GAMBLE! YOU MUST BE PATIENT AND WAIT FOR THE RIGHT SETUPS and ENTRY'S, AND ALSO LEARN THE PROPER EXITS!!!!

It is my feeling that if you want to JUMP AROUND all these threads, it is impossible to be proficient in DAY TRADING FOREX. You need a set of RULES, and you must stick by those rules to give you any kind of chance of making money. 90% of RETAIL TRADERS in FOREX lose money, for lack of DECIPLINE! So whatever RULES OR METHODS you want to follow, either this one or another one out there, just stick to ONE GAME PLAN and follow it!

Since this is a DAY TRADING FORMULA, we do not use EXPERTS, or hold onto any positions overnight! You will need to follow the PRICE IN REAL TIME.

THIS FORMULA IS NOT FOR EVERYONE! To hold on to any postions overnight, you should look into and follow a SWING TRADING FORMULA.

Again WELCOME!


PS We now have a wonderfull CHAT ROOM and a PLACE FOR ALL SERIOUS TRADERS OF THIS FORMULA! Here you can give us your feedback and ask questions? You need to download PALTALK at www.Paltalk.com and we are in the BUSINESS and FINANCE section under DAY TRADING and our ROOM IS "REAL STRATOBLASTER FORUM."

UPDATE TO THE BASIC RULES:

STEP ONE: Wait for PRICE during NEW TRADING DAY to go to GREEN ZONE OR RED ZONE FIRST AND VTOP OR VBOTTOM.

STEP TWO: WHICH EVER ZONE PRICE HITS FIRST AND GIVES US OUR REVERSAL SIGNAL WE TAKE THE TRADE: GREEN ZONE SHORT ON VTOP AND RED ZONE LONG ON VBOTTOM CANDLE WITH MORE JUICE THEN CANDLE BEFORE!

A: IF SHORT WE LOOK FOR 12 EMA TO EVENTUALLY CROSS DOWN BELOW 89 EMA TO CONFIRM OUR SELL SIGNAL. THE FURTHER 12 GOES BELOW 89 EMA USUALLY THE BETTER THE TRADE!We then look for Vbottom usually in opposite RED ZONE OR BEYOND for our Exit!

B: IF LONG WE LOOK FOR 12 EMA TO EVENTUALLY CROSS UP ABOVE 89 EMA TO CONFIRM OUR BUY SIGNAL. THE FURTHER 12 GOES ABOVE 89 USUALLY THE BETTER THE TRADE! We then look for the VTOP CANDLE TO FORM usually in GREEN ZONE OR BEYOND.

STEP THREE: We should be out of our TRADES NOW, IF EXITED on VBOTTOM SHORT OR VTOP LONG!!! IN ORDER TO TRADE FURTHER THAT DAY WE MUST HAVE STRONG JUICE AND CROSS OF 12 and 89 EMA FOR DIRECTION!!!

OPTIONAL TRADE FOR THE DAY!

We are now out of our original trade either short or long and exited as discussed. If our intial signal was a short trade and we exited at vbootm in RED ZONE, we could only trade LONG IF:

WE HAVE A CROSS OF 12 and 89 with big JUICE to take us NORTH, and:

WE COULD ONLY TRADE SHORT AGAIN IF 12 is BELOW 89 and we get strong JUICE and PRICE BREAKS THE VBOTTOM CANDLE, to take us SOUTH.

IF TRADING UK SESSION AND BIG NEWS COMES OUT IN US SESSION PLEASE MAKE SURE ALL TRADES ARE CLOSED BEFORE NEWS COMES OUT!


HERE IS THE UPDATED ZIP FILE FOR STRATOBLASTER INDICATORS!

HOPE THIS MAKES IT SIMPLE FOR EVERYONE AND CLARIFIES OUR SIGNALS!


http://strategybuilderfx.com/showthread.php?t=15865&highlight=%22Brain+Trading%22

High Profit BrainTrader Strategy

Here is my BT strategy. I've been using this strategy for about 6 months now and have been achieving very high results with it, aroung 40 to 100 pips a day. OK, here it is:

Timeframe: 1hour works best, but could use on 30 min.
Indicators:
Braintrend 1, Signal1, Stop1, and Stopline1, Signal Close Alert 1
t3 Aroon Horn Smoothed
t3 Aroon Horn Oscillator: line drawn at zero
Trend Trigger Modifed version 3 (changed parameters to 50 and -50, instead of 100 and -100)

Entry Long Signal:
1. Blue bar completed with Braintrend signal dot (alert will sound and tell you the entry with stop placement). Do not enter yet.
2. Aroon Horn Smoothed lines will cross each other. Do not enter yet.
3. Trend Trigger will cross above the +50 line (must be crossing or already above +50 line to signal safe entry). Do not enter yet.
4. We enter only when the Aroon Horn Oscillator crosses up over the zero line. (only if all of the other indicators agree)

Entry Short Signal:
Opposite above.

Waiting until the Aroon Horn Oscillator crosses the zero line will ensure that the trend is in strength. It also coordinates quite often with the minor retracement that happens after the initial price move. The Aroon Horn Smoothed indicator is an early signal but a retracement could happen that is why we wait for the Oscillator to signal.

I use to just jump right in when I first started using BT to try and get every pip but soon realized that there were many false signals given and one could have many whipsaws along the way. Using this strategy will eliminate many of those whipsaws and allow one to pull the trigger more confidently.

Important note on the Trend Trigger, there has been some discussion about it curve fitting past results to fit ideal parameters. That is why I say wait until the Aroon Horn Oscillator crosses zero to verify the established trend. The market is range bound when between the +50 and -50.

Note* One thing I've noticed, you can use the Trendsignal indicator (found elsewhere on this forum) as well to signal for entry but only if the other rules are followed.

I hope this helps some of you who are hesitant to pull that trigger when a trade happens. Please let me know what you think and if this can be improved. I've attached some of the required indicators (minus Braintrader) here. Enjoy.

Let's all share the knowledge

http://strategybuilderfx.com/showthread.php?t=14250&highlight=%22Brain+Trading%22

http://www.forex-tsd.com/brain-systems/494-brainsystem-trading-rules.html

FOREX FOR DUMMIES by dude007(MMG)

Hello Everyone
Its good to see so many people getting interested in trading Forex smile.gif . I've been into forex for the past 8 months. I see a lot of newbies trying to find Help. Well I've been there n ill tell u wot i did so it might help u guys. Ill be postin helpful info in this thread so keep ur eyes open. I spent 6 months Reading and learning everything I can from the internet without paying a Dime because I am a student at University lol. I finally opened a demo account 2 months ago and started practicing and testing out over 50 strategies. Trying to copy another persons strategy is not very rewarding because everyone's style of trading n strategies are different. So u need to develop your own style and strategy from all the strategies and indicators u learn to use.
Let me try n walk through wot u need to know.
FOREX has a HUGE amount of information to learn so u will never stop learning even if u trade for 50 years. So learn to accept this and remember the following:
!!!LEARN WOT U NEED TO MAKE MONEY AND LEAVE WOT U DONT NEED TO KNOW!!!
This is wot i did:

1. EDUCATE YOURSELF
Read and understand all the basic stuff on forex ie all the free materials from the internet and how some indicators work e.g. MACD, Bollinger Bands, Stochastic, RSI, Pivot Points etc. A really good and simple place to learn them free is: http://www.fxstreet.com/education/fxstrategy.asp

2. JOIN THE FORUMS AND MAKE A NETWRK OF TRADER FRIENDS
I cant stress the importance of joining Moneytec http://www.moneytec.com/index.php & http://www.elitetrader.com/. It will help u immensely and learn things in an hour which might normally take a week to learn. It has loads of strategies n advice from other traders. It is also a great place to make a network of trader friends to help u on the way smile.gif .

3. PRACTICE ON A FREE DEMO ACCOUNT - U know wot they say PRACTICE MAKES PERFECT.
I recommend u practice all the strategies n indicators on all the 6 major currency pairs. JUMP INTO THE DEEP END n practicing on a demo account its the best way to learn forex. Always keep your eyes open and observe carefully how all the indicators work. Also flip back n forth on the time charts 1min, 5min, 15min 30 mins 1 hr, 4hrs etc n look at the trends. The BEST trading platform that i found to trade on is Metatrader 3.0 or 4.0 http://www.metaquotes.net/metatrader
Oanda http://www.oanda.com/

4. CONTROL YOUR EMOTIONS, GREED AND DICIPLINE YOURSELF TO A CERTAIN STRATEGY TO WIN THE GAME OF FOREX.
Control your emotions and don't be Greedy because u will end up losing more. Its always good to take small bites at the apple instead of trying to Swallow the whole thing lol. Forex is not for everyone as u may know the famous figure of 90 to 95% fail. So if u try it out n think its not for u !!!LEAVE AT FIRST SITE!!!. From day one Practice n in your mind set a goal to develop your own style and strategy. From months of practice i have noticed i like short trades which lasts 10 - 30 mins per trade (sometimes up to an hour) on a 5 mins chart picking up 3 - 10 pips per tradesmile.gif. I am suited to this style and i have developed a strategy to go with it AND DECEPLINED MYSELF TO FOLLOWING IT.
*NEVER THINK U WILL FIND A STRATEGY THAT WORKS 100% OF THE TIME*
You WILL lose money in forex ladies n gents but U can win MORE time than u LOSE in forex that is the key to remember. Its possible to develop strategies that will win 90% of the trades u take and lose 10 % smile.gif . That's wot u have to aim for.... U will get there if u put in the hours and work SMART N HARD. It is really worth it at the end. Like all things "the first step is the hardest to take". When u know your stuff its simple.

5. HAVE A REALISTIC AIM
Before u start trading make sure u have a clear head otherwise u WILL LOSE. Aim for 10 to 15 pips of profit a day for starters. It's pretty simple to catch 10 - 15 pips per day if u know your stuff if u dont u WILL LOSE. when u'r fairly consistent at getting that aim for 20 - 30 pips this is possible when u get experienced and understand how different currencies behave n also develop ur senses for predicting accurately, u become a PRO at using a number of good indicators and DECEPLINE URESELF at using them. Occasionally u will catch 80 - 100 pips a day when u are at it so there is somthin good to look forward to rolleyes.gif.
Well thats how far i got up to folks with my trading. I hope it helps u guys. I have heard of people getting over 100 pips a day consistently n i think it is possible when u become a GURU in forex laugh.gif laugh.gif . I am not online as much as i like to because of my busy lifestyle but feel free to ask questions when iam online on MMG or post it here. So good luck n work ur way through smoothly "DONT LEARN TO RUN BEFORE U CAN WALK". and elite trader because it has tons of indicators, its pretty easy to learn compared to others, u can automate strategies n its free. is another very good one, its probably the easiest one to use but it doesn't have many indicators to use.

_________________________________________________________________________________

The most important technics u guys must learn to use in every trade are:

**PIVOT POINTS AND FIBONNACHI RETRACEMENT**

I have labelled on the chart so u know how they look like smile.gif . i cant stress enough how important they are because it is at those levels that the trend can change around most of the time. Think of them like walls where the ball can bounce of from. if u spend abit of time reading about them and then use them in every single trade u will soon master it. IT MIGHT LOOK COMPLICATED and annoying but its VERY IMPORTANT. If u learn them PROPERLY u can predict how the trend will develop for the day with a 70% accuracy. When u use this technic it better to trade on 1hr or maybe 15mins as well.

You can download a pivot daily indicator from Moneytec but u need to work out the fibbonnaci levels using the following calculator http://global-view.com/ssi/fibcalc.html by entering the previous days High and Low.

If its too confusing for the newbies study the PIVOT POINTS AND FIBONNACHI RETRACEMENT and then u will know wot iam gettin at.

__________________________________________________________________________________

*THE SECRECT TO USING INDICATORS*

Hello Everyone

I just wanted to mention something really important in order to trade well. Its just amazing how many things u learn on the way to being a better trader. Some people think its impossible to Win with Forex well that's true but its not impossible to WIN MORE TIME THAN U LOSE.

Everyone knows that emotions, patience, a good eye, practice, money management and a good system are vital in order to achieving this but yet a lot of people end up losing.

why IS THIS:

Well one common PROBLEM is that people keep changing there strategy when they lose 1 trade or another common problem is that MY INDICATORS WENT AGAINST ME OR IT GAVE ME A FAKE SIGNAL

Well I don't blame u cuz the same thing happened to me over thousand times

What's important is that u realize Y it went against u.

I will try and explain Y so it will help u to be better. Lighten.gif

Most of the indicators out there (around 99%) are all LAGGING Indicators which means they need past data in order to predict the future but we ALL know that markets don't always do what they did in the past so that's y they go against u at times.

Some of the most common lagging indicators are as follows:

MACD
MOVING AVERAGES
RSI
STOCHASTICS
ADX
WILLIAMR
CCI etc


Lagging indicators are good and u do need them at times but u need to use them in a package with some OTHER POWERFUL STUDIES in order to achieve that vital thing called CONSISTANCY.

The answer is u need the group of LEADING INDICATORS which can give u a good indication of points in the future where the market has a good chance of heading to and might retrace or have significant effects. Imagine the impact it will have on your trading if u can make high probable predictions on where the market is heading to before u place the trade. Believe me it will help alot. I suggest u use a mixture of lagging and leading indicators in your strategies to IMPROVE your chance of winning more trades.

Some examples of leading indicators are as follows:

FIBONACCHI
TRENDLINES
PIVOTS
ELLIOT WAVE
ANDREWS PITCHFORK
GANN etc

I suggest u do your research and develop an understanding on exactly how some of them work. They are more difficult to learn than lagging indicators but its well worth your time to learning them and develop strategies around them. Trendlines and pivots are the easiest ones to learn.

__________________________________________________________________________________

Guess wot i got some more goodies for u to improve ur trading. I have 2 exotic custom made indicators thts works excellently with the strategy that I recommended. These 2 indicators which I have attached below only work with metatrader 4 (that's y I've been nagging u guys to use metatrader 4).
The indicators are as follows

1. ERGOTIC - its very similar to MACD but is more sensitive n gives a clearer picture of trends. So remove MACD n put this one instead.

2. WILLIAMR36 -this is a new one tht Iam using n probably one of the best indicators tht I've come across with. Just place this on your chart n u will see 2 lines probably a green n red line. When both lines are at the centre u wait but when the green or red light starts moving apart u quickly check the other indicators for a trend change n make a trade. This indicator works wonderfully with the strategy which I recommended.

Study on williams % R here : http://www.trade10.com/williams.htm

Finally I got one more surprise for u guys. Remember I told u how important it is to use Fibonacchi Retracement with every trade. Well few of u asked me how it works so I found a nice ebook which explains HOW fibonacchi works. All I can say is READ n LEARN IT. Its nicely worded n only 22 pages. The website is currently allowing people to view the ebook for FREE .

Check it out at: http://www.fibonacciprofits.com/fb

Thats all for now but do post some some of ur trading results in this thread so it will give others n idea of how people are performing.

_________________________________________________________________________________

The main concept of my trading is:

1. I use daily, 4hr, 1hr and the 30min chart to get the big picture of wots going on.

2. Then i use fibonacchi n pivots on a 15min or 5 min chart as a guide ie u can also chk 1hr or 4hr charts as well.

3. Finally i place a trade when my indicators show me a GO signal.

__________________________________________________________________________________

These are the indicators iam using:

Bollinger Band (default setting)
EMA 10 & 50 (both short)
Kaufman 2 (default setting) - this is same as EMA but i use this as a trigger when it crosses EMA 10 wink.gif .
Daily Pivots (make sure u turn the Camarilla to TRUE in the properties of the indicator) .

Stochastic (Default setting)
William 36 (Default Setting)
Ergodic (Default Setting)
ADX (default setting)
Denapoli MACD Histogram (default setting) - this is a new one i picked up n is very similiar to ergodic but better than the normal MACD. The reason i use this is to remove whipsaws and get a clear picture of wots going on. However ergodi allows me to view the trend closer. U can use either this or ergodic but i prefer both to be there smile.gif .

Finally and most importantly place FIBONACCHI RETRACEMENT for the day on the chart smile.gif .


I know iam using tooo many indicators but they all help me n u need to practice looking at all of them within 20 sec before a trade n make a judgement.

This is wot u do

1. Look at the 4hr, 1hr, 30 min and 15 mins charts to check the big picture of wot exactly is happening for the day.

2. Check between which Fibonacchi retracement level the trend is currently at e.g. 61.8 to 100. Then look at where all the pivot points are between the fib levels.

3. Goto 5 mins or 1 min chart n check where the 50 EMA is. If its below the currency trend its a BUY signal if its above the currency trend its a Sell signal. Also check the trend in relation to Bollinger band as well. Once thats confirmed u need to look at 10 EMA and Kaufman 2 for a cross to occur in the direction of the trend.

4. As soon as the cross is about to occur u need to look at Stochastic, adx, Denapoli MACD Histogram to see if they are in the correct postion n the trend that is developing will be a genuine one ie not a whipsaw or a fake signal.

5. The u quickly look at william 36 and ergodic to see if they have both changed directions if they have then GET READY TO PLACE A TRADE. As soon as William 36 and ergodic cross the trend will accelerate n make u big money lol.


PLEASE BEAWARE THT WHEN THE CURRENCY TREND GOES BELOW 0 OR ABOVE 100 IN THE FIBONACHI LEVELS U NEED TO BE CAREFUL N BETTER NOT TO PLACE NEW TRADES.
__________________________________________________________________________________

Well iam using the same strategy as the one i listed in detail on above post. Its just a strategy that i have made up myself using all the stratagies that i have read and practiced to suit my trading style. Since then i managed to fine tune the strategy furthermore after following it in a decepline manner. I just cant beleive the way its working.

I USE METATRADER QUOTES AND PLACE TRADES ON FXCM

These are the indicators iam using:

-----------------------------------------------------------
Bollinger Band (default setting)

EMA 50 (short)

Daily Pivots (make sure u turn the Camarilla to TRUE in the properties of the indicator) .

Stochastic (Default setting)

William 36 (Default Setting)

Denapoli MACD Histogram (default setting) - This is my magic pill indicator smile.gif which is a fine tuned Macd . The reason i use this is to remove whipsaws and get a clear picture of wots going on.

Finally place FIBONACCHI RETRACEMENT for the day on the chart.
-----------------------------------------------------------

Well i managed to remve a few of the indicators from my previous post.

This is wot i do

1. Look at the daily, 4hr, 1hr, 30 min and 15 mins charts to check the big picture of wot exactly is happening for the day. Also look at the 50 ema on the charts and check wether its below the currency trendline (bullish BUY movement) or above the currecny trendline (bearish SELL movement) on the 1 HOUR CHART N THE 30 MINS CHART.

2. Check between which Fibonacchi retracement level the trend is currently at e.g. 61.8 to 100. Then look at where all the pivot points are between the fib levels.


4. THIS IS THE IMPORTANT BIT - say for example the 50 EMA is below the currecny trendline on both 1 hour chart and 30 mins chart which indicates the market is goin up (bullish). Now check the Denapoli MACD Histogram ON 30 MIN AND 1 HOUR CHARTS and see it it also indicates a upward bullish trend forming if so then jump to the 1 minute chart.

5. Then u quickly look at the 1 minute chart and see where exactly the currency trandline is between the FIBONNACHI RETRACEMENT LEVEL N PIVOT POINTS. if there a gap of about 10 pips or more towards the next pivot point or fib point UP (bullish movement) then u can place a trade dance9bh.gif smile.gif. if they are not u can use the stochastic and the william36 to see wots happening on the 1 min chart and wait for it to occur.

6. So remember the whole point of the gamu is u trade ONLY BETWEEN PIVOT POINTS AND FIB LEVELS if there is a 10 Pip or more gap in the direction of what the 30 minute and the 1 hour chart is showing u in regards to EMA 50 AND MOST IMPORTANTLY THE Denapoli MACD Histogram smile.gif . ALWAYS PLACE UR TRADE ON THE 1 MINUTE OR 5 MINUTE CHART.

U can catch between 5 - 20 pips per trade with this strategy. Each trade takes me on avarage about 40 mins.

I've been using this strategy since 14th April and has been over 90% consistant.
PLEASE NOTE : DONT AIM TO CATCH TOO MANY PIPS IN ONE GO. Just get in and get out ASAP. Also set limits to your profits at the next pivot or fib level (which u keep the 10 pip gap for) from and a stop loss at about 30 pips. This strategy works very well on GBPUSD. I have recently strateg using them on other pairs with very good results as well smile.gif .

I have posted my trading results below since i started trading demo with fxcm on 9th of april which has over 50 trades smile.gif . Just look at the results from 14th april when i put this baby on.
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Hedge Hog - Daily Strategy

Hedge Hog Strategy

STRATEGY OVERVIEW:

Each day Monday-Friday at 00:00 GMT since market is closed), you enter a BUY and SELL for the EUR/USD pair (some systems require you to HEDGE in order for the opposite order not to be closed) with a LIMIT (TAKE PROFIT) of 14 pips. Most days this will give you 28 pips profit.

Other pairs besides the EUR/USD have been looked at but not studied in depth to determine if they are suitable.

HISTORICAL BASIS FOR STRATEGY:

After reviewing historical data from GMT (nothing done on Saturday/Sunday at 6/23/89 to 2/13/06 (over 15 years) I have observed the following:

With a LIMIT (TAKE PROFIT) of 9 pips:

BUY orders were successful 89.1% of the time (3855 out of 4326 closed in profit)

SELL orders were successful 91.1% of the time (3944 out of 4326 closed in profit)

In both BUY and SELL orders there was less than 1% risk of neither being closed on a given day.

With a LIMIT (TAKE PROFIT) of 14 pips:

BUY orders were successful 83.5% of the time (3613 out of 4326 closed in profit)

SELL orders were successful 85.7% of the time (3707 out of 4326 closed in profit)

In both BUY and SELL orders there was less than 1.5% risk of neither being closed on a given day.

With a LIMIT (TAKE PROFIT) of 19 pips:

BUY orders were successful 77.4% of the time (3350 out of 4326 closed in profit)

SELL orders were successful 79.3% of the time (3430 out of 4326 closed in profit)

In both BUY and SELL orders there was less than 2.5% risk of neither being closed on a given day.

Orders NOT Closed

About 80% of the orders placed will be closed in PROFIT each day but there are days when either the BUY or SELL (and rarely both) are not closed. What do you do?

95% of the orders not closed will be closed within 1-3 days (usually the next day). If an order is not closed within 48hrs of being opened, MANUALLY CLOSE the order and DOUBLE the number of lots for the new orders the day just beginning (for which ever direction was not successful (BUY or SELL). NOTE: Orders that were not successful for 3 days in a row only occurred 15 times in the time period studied (less then 3/10 of a percent).

SUMMARY

Each day at 00:00 GMT (Monday-Friday) place a BUY and SELL order (or HEDGE) for the desired pair (EUR/USD) with a LIMIT of 14 pips.

If after 48hrs an order has NOT CLOSED then manually close and place your order for the new day for double the lots (BUY or SELL). Only double the order that was not successful (i.e. if it was a BUY that you manually closed then double the lots but place your SELL for the new day as you normally would).

Nina's CatFx50

Here you are with the easiest system of the FOREX world.

Plot an EMA50 on majors. Time Frame 30.

We play the cross here. You buy when price crosses EMA50 and next bar opens above it. And the opposite for sell.

Can you tell me how many pips could you have made today on cable?
And yesterday?
And on Monday?

Great, isn't it.

You only need an EMA, a single, naked EMA.

Are there false signals? Yes, mates. There are. But, if you are not greedy and avoid news time, you make more wins than loses.

Today cable was a sell at 1.7384 and it has made a low at 1.7290.
CHF was a buy at 1.3076. It has made a high at 1.3159.
EUR was a sell at 1.1772. It has made a low at 1.1703.

Could we avoid false signals? Yes, we can or reduce them at minimum.

Enjoy!!

To be continued

Nina

UPDATE 16-03-06:

RECAP of CatFX50:

Plot Hist_Step_MA_Stoch_KV1_Ex_02 set at 2000 bars.
Set filters on Step: +0,04 and -0,04.
Plot Inverseind with EMA50 (optional).
Plot EMA50 on chart.
TF: 30 minutes.
Trade time: 08:00cet to 18:00cet

Standard or Level 1 signals:

Buy when price crosses EMA 50 and new bar opens above. StepMA_Stoch must be green.

Sell when price crosses EMA 50 and new bar opens below. StepMA_Stoch must be red.

If price and StepMA_Stoch crosses are simultaneous, the better.

Level 2 signals (riskier):

For instance, when price is above EMA 50 with StepMA_Stoch in green. Price then opens one bar at least below EMA 50 and StepMA_Stoch keeps in green mode. When price opens again above EMA 50 with StepMA_Stoch validating (green), we can buy. The opposite for a sell.

Level 3 signals (riskier):

For instance, we are in bullish mode: price above EMA 50 and StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. StepMA_Stoch changes to red. We buy when price goes up again always validated by StepMA_Stoch that should change to green again.

Something to take into account:

Pairs to trade: EURUSD, USDCHF and GBPUSD.

When bar opens more than 20 pips above/below EMA 50, the signal is riskier.
Plot FiboPivots and Camarilla L3 - L4 and H3 - H4.
Do not buy/sell, for instance, EURUSD because GBPUSD has a signal. Wait for the signal to come in each pair you want to trade.

FOCUS, PATIENCE AND DISCIPLINE.

Level illustrated:

Another Trade system

http://www.tradecurrency.ca/daytrade.htm

Description: An intraday trend following trading method, using the following indicators:

5 period WMA
10 period SMA
Slow Stochastic (5,3,3)
RSI (14)

MACD (default)

Rules: Add the above indicators to your 10 minute chart. Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.


BUY the exchange rate when the 5 WMA crosses up past the 10 SMA and the Stochastic is signalling up, RSI > 50 and the MACD histogram >0 and MACD averages crossed up.

SELL the exchange rate when the 5 WMA crosses down past the 10 SMA and the Stochastic is signalling down, RSI<50

http://www.dailyfx.com/FinanceChart.html?symbol=EUR/USD

Not now,but later, at 2 pm EST (new york time) the forex will be open again.
But not trade with real money, cause 2pm est is too ,see the rules above,but u can test if the indicators works.

GBP/USD- "Set and Forget it" Trades. by Big Pippin

Hello everyone!

I am trying something new. For those of you who have followed my other blog at http://pippinainteasy.blogspot.com , this is another one that I'm trying out. This time it's more of a "set and forget" type deal so that hopefully, the people who can't day-trade can benefit from this. I will not be posting system specifics, but I will simply be giving out buy and sell recommendations, along with stops and targets. Here are some notes you should read before trading these signals:

1) Disclaimer: Remember, only you control your own money. These are simply recommendations that I, myself, am trading and am not guaranteeing that you will make money off of these signals. Trade at your own risk!

2) All trades are taken on the GBP/USD, 10 minute charts. I use FXCM as my broker.

3) All signals will be posted around 8:00 am EST.

4) Close all your trades at the close of the 2:00 pm EST candle.

5) If the first trade triggers but then loses, you can still leave your other order open until 12:00 pm EST. If your 2nd trade is not triggered by 12:00 pm EST, then cancel the order.

6) If the first trade triggers but then loses, you can reset that same entry order for a re-entry. If the re-entry doesn't happen by 12:00 pm, then cancel that order.

7) If neither of the trades trigger by 12:00 pm or if you still have an entry order in place that hasn't been triggered, cancel all orders.

8) When midpoint is hit, move stop to breakeven.

9) On news days (I will notify which days are news days) do not place your orders until 8:40 am EST. If the price is out of the range, wait for price to close back within the range (I use 10 minute charts) before placing the orders. If price doesn't fall back within the range, simply stay out of the market.

*************************************************

New Rules (beta):

1) Disclaimer: Remember, only you control your own money. These are simply recommendations that I, myself, am trading and am not guaranteeing that you will make money off of these signals. Trade at your own risk!

2) Trade 2 lots for each trade.

3) All trades are taken on the GBP/USD, 10 minute chart. I use FXCM as my broker.

4) All signals will be posted around 8:00 am EST.

5) Close all your trades at the close of the 2:00 pm EST candle.

6) If the first trade triggers but then loses, you can still leave your other order open until 12:00 pm EST. If your 2nd trade is not triggered by 12:00 pm EST, then cancel the order.

7) If the first trade triggers but then loses, you can reset that same entry order for a re-entry. If the re-entry doesn't happen by 12:00 pm, then cancel that order.

8) If neither of the trades trigger by 12:00 pm or if you still have an entry order in place that hasn't been triggered, cancel all orders.

9) When midpoint is hit, close out 1 lot and move the 2nd lot's stop to breakeven.

10) On news days (I will notify which days are news days) do not place your orders until 8:40 am EST. If the price is out of the range, wait for price to close back within the range (I use 10 minute charts) before placing the orders. If price doesn't fall back within the range, simply stay out of the market.


I think that's it for now. I will be updating this post whenever I feel necessary so be sure to check it every now and then. It will be the first link at the top of page. If you'd like to see the trade record since the blog was started click here.

Cheers and happy trading!

-BP

http://www.moneytec.com/forums/f59/gbp-usd-set-forget-trades-18745/?

Trading Eur/Usd with uncle Elliot

I am going to start a new thread with my simple Elliot Wave trading system.
I am doing this so as not to clog up other threads and also as a personal diary where I can keep track of my charts, analysis and trades as I go. EW trading incorporates many other TA techniques such as trend lines, s+r levels, fib. levels, divergence etc etc. When trading EW, what I am looking for are the major waves, to trade these and to get about 50% of these moves (anywhere between 50-150 pips). As the thread progresses I will add my thoughts and the way I trade the waves so lets me begin.
PS: I am by no means an expert in EW's and am learning as I go, I have been doing this for 6 months and know that I have lots more to learn and that this thread would be a good way to continue advancing. Also my notation is not to EW standards and I hope to improve this as I go.

Entry#1 4Hr chart
End of european trading July 6.
Euro is in minute wave iv up of the larger 3 down. The previous wave iii bottom was at 1.1867 and wave iv has now corrected to 1951 but not cofirming this as the top yet a break below 1.1890 would confirm this wave iv and the start of wave v down to a target of 1.1830. Wave 4's are messy affairs at times and trade these only if you are a good scalper. Levels to watch are 1.1955 and 1.1900. In between here for scalpers only. Long above close of 1.1980 and short on close below 1.1890.
See Daily chart below and 4 hr chart in the next entry

http://www.moneytec.com/forums/f59/trading-eur-usd-uncle-elliot-15582/?