Indicator Series: Rolling Pivots Setup Video Clips. Duration : 4.03 Mins.
I am starting a series to show the default settings we use in the Room for our Intentional Indicators. Sign up at my Blog to stay in touch. dailytradesandramblings.blogspot.com
13. How to Trade the Flag/Pennant Patterns Like a Pro Part 1 Video Clips. Duration : 4.87 Mins.
www.informedtrades.com In this lesson we learn about what flag and pennant patterns are in technical analysis and how to identify them on charts in the stock market, futures market, and forex market for day traders and investors
Moving average, Stochastic and Bollinger Band automatic trading strategy, allotment 1 Tube. Duration : 10.00 Mins.
www.timetotrade.com An automated trading strategy is developed using a combination of moving average, stochastic and Bollinger bands. See part 2 for the continuation of the development and optimisation of the strategy.
A pure Forex scalper exits a position quickly if the market doesn't go his way. He will make a number of trades a day, between 10 to a couple hundreds, and he doesn't hold on to a losing position hoping or praying that it will turn around!
The main aim of the Forex scalper is to buy (or sell) a particular pair of currency at the bid (or ask) price and then quickly sell them a few pips higher (or lower) for a profit. When the Forex scalper uses this strategy, small profits can be easily compound into large gains if a strict exit strategy is used to prevent accumulating large losses.
FOREX
Most Forex scalper mostly makes use of 1 min, 5 mins or hourly charts to scalp for small profits in the Forex market. Most of the good Forex scalper will choose a brokerage house that provides a reliable platform with instant execution of orders, which is highly crucial to his profits.
I was fortunate enough to know and work with some of the best day traders that scalps for a living. They have shared with me some of the main ingredients, which they use to scalp the market.
In this post, I am going to summarize the scalping strategy which i have incubated, into 8 simple steps;
1st Step
Go to http://www.forexfactory.com to check important data release time
2nd Step
Record the previous day OHLC (Open, High, Low, Close)
for all the 4 major currency in your diary.
3rd Step
Identify candlestick studies(i will reveal more next time) on the daily charts
4th Step
Identify major trendlines, support and resistance on the daily charts
5th Step
Determine the market sentiments (Bullish or Bearish?) for the day.
6th Step
Go to hourly charts and determine the support and resistance
7th Step
Lookout for candlestick (We will talk more about it in our next article) formations on hourly basis.
* For reversal candlestick signal;
- Wait for better signal or staggered your lots
- Enter only near support or resistance level
8th Step
Adjust your risk to entry level when you are 10pips in the money.
I hope you have benefited from my summary above, on the steps to scalp the Forex market. In my next article, I will be focusing more on the Japanese Candlestick Studies.
Forex and Currency Live Day Trading Room and Indicators for Ninja Trader and Tradestation Tube. Duration : 10.78 Mins.
How would you like to day trade the S&P500 futures, Euro, British Pound and the Aussi with an over 5-1 reward to risk ratio everday? How would you like to only look for a few setups a day that some of the top hedge funds use? How would you like to know the exact bar to enter, the exact bar to scale for a free trade and the exact bar to trail until you hit our ultimate target? Welcome to www.daytradingthefutures.com and www.symmetryindicators.com. We take the quess work out of day trading. After 20 years of day trading we have now put together the ultimate day trading plan with a great risk to reward. Our average S&P500 trade is 4-6 points with a hard 1.5 stop. Our currency trades average between 40-60 ticks/pips depending if you trade the CME futures or Forex with a hard stop of less that 10 ticks per trade. We have only a few setups that we look for everyday and you will know exactly when to excute and how to manage your risk to reward.You do not need to pay for trading software. You will log in to our two daily screens and trade our setups as they come up. We have members with over 30 years in the markets with us in our live day trading room as well as beginners. I have taught beginning traders that are now trading like pros. We welcome all. We are so convinced that we will change the way that you trade the markets that we are discounting the first month's membership 50% for a limited time only. It will only take you a month to see that our risk to reward gives our ...
I have recently read a thread in a forex forum written by a new trader asking other experienced traders whether a daily profit target of 50 to 60 pips is okay or not.
Guess what?
FOREX
Most of the replies by experienced trader ask him to scrape the idea of having a daily profit target and I am one of them. You may be wondering why did I suggest the new trader to forget about the idea of having a daily profit target.
You need to understand that trading is unlike a real job whereby you will get a fix salary at the end of every month. In trading forex, there are days where you will not see any profit at all either because there is no setup that allows you to enter a trade or you may be having some losses on certain days. However due to your consistency in executing your trading plan and the winning percentage that the plan can present to you, you will be able to have an income at the end of the month.
Imagine you having a daily target of making 50 pips but you have just lost a trade. What would you do?
You will definitely enter another trade immediately without any analysis as you want to make back the losses and eventually make the 50 pips target. This is known as emotional trading and this is exactly the key reason why most traders fail in this trade.
To end this article, I just to let you know that there is no way you can achieve your daily profit target in forex but you will definitely be able to make an income that can allow you to live comfortably if you stick to your trading plan and always trade with good risk reward ratio.
Making a living from forex trading is not a myth and it is definitely achievable.
Have you just started forex trading? Perhaps you have been trading but haven't made any money yet? I'm going to show you the proven way to make your first 0 in forex.
If all traders were to follow this simple outline, then they would be making money. In fact, the failure rate for new traders would be inverted. Instead of 97% failing, you would have 97% succeeding.
FOREX
So, what are the steps that lead to forex success (and your first 0 profit)?
1. Start by just demo trading. This is just the first beginner step. It's not nearly as important as they make it out to be. By "they" I'm referring to the forex gurus. Yes, you need to get a feel for the system you will be using, but the next step is far more important.
2. Open a 1 cent per pip account. There are several brokers that will allow you to trade forex with a "nano-sized" account. This is even smaller than the micro account. This account will allow you to lose huge amounts of pips, and not be financially impacted. For example, if you lost 800 pips, you would only be down .
This is important because here is where you learn to trade without caring if you won or lost. Yet at the same time, you are trading with real money. You need to spend at least several months in this step.
3. Move up to a micro or mini account. At this point, making your first 0 in forex will almost be like an afterthought. It's really that easy, if you've put in the hard work and time on step 2. Step 2 is the crucial step.
Oddly enough, making the 0 won't seem important like it did in the beginning. You'll achieve that, and then go on to even bigger amounts.
Forex Trading - The Secret to Making Your First 0 in Forex
Trade Management 4 of 5 Mechanical Discretionary Euro Pound E-Mini Gold Crude Oil Futures Video Clips. Duration : 9.48 Mins.
In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE •Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management •More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method •Quick targets, eliminate risk, position to capitalize on the big moves of the day Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Dont forget, if you missed the first 3 videos, you can find them here: www.youtube.com www.youtube.com www.youtube.com
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How to Develop a trading Strategy Video Clips. Duration : 3.10 Mins.
www.atticmantrader.com. In this video I discuss how I developed my trading strategy. I discuss using the Squeeze Indicator, a technical indicator based on Bollinger Bands and Keltner Channels
Mostafa Belkhayate Forex Trading - Mbfx Best Forex System Tube. Duration : 8.30 Mins.
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Forex Dashboard Metatraderlibrary.com Video Clips. Duration : 6.58 Mins.
www.metatraderlibrary.com Forex Dashboard is a Professional visual trading tool and indicator signal device for the Metatrader currency trading platform. Features similar to an expert advisor. FX dashboard can be downloaded at www.metatraderlibrary.com
Options Trading Course: Trading stocks and options application the RSI Relative Strength Index Video Clips. Duration : 5.27 Mins.
Options Trading - Introduction to the relative strength index RSI Learn how to trade stock options CLICK HERE for your free options coruse DVD with BONUS strategy www.globaltradingedge.com PLUS a 17 page report. Attend our next options trading course LIVE or to learn how to trade stock options online visit http
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(1 of 2) 146 Ticks Live Today! Correction00 on 4 Lots this Week! Video Clips. Duration : 9.58 Mins.
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