Displaying posts filed under

Forex Education

Sep
2
2010

Some food for thought …

Aug
24
2010

Strategy: How to avoid Range Trading with Currency Indices

This is something new that I’ve been putting into practice but has been quite helpful IMHO. I’ve always struggled with the Range Bound markets and so far I’ve not come across with any Indicator / System [Trendlines are not helpful here because they can only tell us about the range when we already have one [...]

Jul
7
2010

Strategy: Where to place Stop Loss

Where to place Stop Loss and then when and how to move it with the trend. I thought the following formula might help you to understand how the concept really works … Good luck. Visual Example: Formula: Chande Kroll Stop: This indicator a potential stop for a position (short or long). It is displayed as [...]

Jun
19
2010

Strategy: Day Trading with Camarilla

A friend from Maldives has been talking about Camarilla Pivot Points for quite a long time and explained its relationship with the Fibnoacci Levels. However, I never understood the concept very well until he explained the whole process. The problem is that most of us think that its as easy as Buying and Selling when [...]

Jan
17
2010

What I’m reading – P&F

I’ve been reading a very good book since last week and thought to share it with you guys. Its a book by Thomas J. Dorsey and covers almost everything you need to learn about Point and Figure Charting … Here is the Amazon Link to book And here is the StockCharts Link to learn the [...]

Jan
4
2010

Article: Does Technical Analysis really work ?

I had an argument recently with a friend, he is a big shot, works for a big Investment Bank and for sure knows a lot about the way Financial Markets work … he argues “Technical Analysis only works in certain places or markets, the markets which are Free and move on the Investor’s sentiments. Technical [...]

Jan
4
2010

Ichimoku Learning: Trading with Alternative Ichimoku

Its no more a Secret that how much I love Kumo-Breakouts, I’m sure you’ve noticed already that most of my Ichimoku Trades and Entries are actually based on Kumo-Breakouts and the reason is that I’ve found it to be the most reliable Entry Setup … Also, I’ve been looking at this wonderful Indicator called Alternative [...]

Jan
1
2010

Ichimoku Learning: Cloud bound Zigzag Pattern

I took a Scalping Trade last night (my night, since I’m in Australia, it should have been your day if you’re based in US / EU) on NASDAQ Future Index and thought to post the chart to explain more about the Ichimoku Patterns I’m studying / researching these days. I’ve posted this particular Pattern earlier [...]

Dec
30
2009

Ichimoku Learning: Trading Patterns

As I wrote earlier, I’ve been studying the Trading Patterns these days which just keeps repeating themselves quite often when you work with Ichimoku System. This is one of those Patterns which is highly profitable and the predictability rate is quite high for this pattern which means less risk and a higher chance of profits. [...]

Dec
29
2009

Ichimoku Learning: Aggressive Ichimoku Trading

I just thought to get your advise on this aggressive but wonderful ichimoku strategy. Just got to know that from a Trading Room based in Japan. According to this strategy, you trade with 10% lesser than your actual lots so for example if you normally trade with 1 Standard Lot you will be trading with [...]

Dec
23
2009

Ichimoku Learning: Kumo Cluod and 90 SMA

This post is dedicated to CodyB He got me into 90 period SMA and now I can see how it actually makes a strong relationship with the Kumo Cloud (with standard settins of Senko Span on 52 period) …

Dec
23
2009

Ichimoku Learning: Trading with Chikou Span

Chikou-Span is essentially nothing but 1 period Simple Moving Average shifted 26 (as default settings, you can change it too if you want) periods back. One of many Ichimoku Entry Strategies (yupps, its not just Tenkan-Sen / Kijun-Sen Crossover that you should be looking for if trading with Ichimoku) is the Chikou-Span crossover, look at [...]

Dec
23
2009

Ichimoku Learning: 15mn Scalping Example

Another example of a 15 min Scalping on FTSE100 Future Index chart … missed most of these moves too but I thought this might be a nice chart to show how scalping works in Ichimoku …

Dec
17
2009

Ichimoku Learning: How to scalp Future Indices

There are few misunderstandings about Ichimoku which are beyond my understanding sometime. One of those is that Ichimoku only works on larger timeframes and when I ask “Why”, no one knows the answer to that. Question is that if Moving Average can work, MACD doesnt mind or RSI works then why not Ichimoku ? What [...]

Dec
17
2009

Ichimoku Learning: How to trade Kijun-Sen Breakouts

My first TP level for EURGBP was hit earlier at 0.8896. The reason I’ve posted this chart is to share with you guys an example of trading on Kjinu-Sen Breakouts which (more recently) I’ve found much more powerful and almost flawless (if proper rules are followed), here are the rules I follow (for a Short [...]

Dec
8
2009

Need to learn Belkhayate System ?

Well, I’m getting a lot of calls for help on learning Belkhayate System. As you can understand its not easy to answer every individual’s question about this particular system, I would suggest you to please join www.fxroom24.com forum and read through the members posts in “Trading and Scalping Strategies” room. There are people such as [...]

Nov
22
2009

Opinion: Indicator or not to Indicator

Trader 1: “GBPUSD is going to appreciate around 300 pips in next couple of hours” Trader 2: “oh come on, thats funny, GBPUSD is actually in a downtrend it will go down today I’ll short it” Trader 3: “I’m sitting tight and watching every single tick on my monitor, I’ve a 10 mn Chart open [...]

Nov
20
2009

Article: How are you trading ?

Someone asked me recently about how to take confirmation for your Trend Bias. I had no idea how to answer it for few days and then I realized that the only way this question can be answered is by posting a screenshot of my typical Trade Setup. So here we go, I like to plot [...]

Nov
11
2009

Article: Belkhayate and OANFX’s Demo Trades

As a follow up to my Demo Trading on the basis of original rules defined for Belkhayate System (4H Timeframe), here are new statements. The second statement is based on OANFX’s COG Trading System (1H Timeframe) which is something I’ve been exploring since last week. Both systems are similar (in theory), however I like the [...]

Nov
1
2009

Article: Belkhayate System Demo Trading Results

I havent posted for a while, been busy with quite a few things and lately with this Demo Trading of Belkhayate Center of Gravity System. Its quite an interesting system actually and I have been mixing it with my Ichimoku Analysis since quite a long time but never had a chance to look at the [...]