THV Rules

Before it has been discussed about THV trading strategy, now how do I use rules of THV trading strategy.

The risk levels:
If you are a very experienced trader you can ignore the coral (risk level 1)   when you think it will be still a good trade, for newcomers I recommend to stay with the coral rules (risk level 2)   until you have min. 10% monthly gains for at least 3 month in row.

Trading direction.
The green and red, interrupted by yellow line (Coral) is our line in the sand to determinate the trading direction.

We only take a long trade when the cloud and price is above the Coral and short below the Coral (here a V2 chart). I would use the coral only on 1M and 5M time frames.

Entry:
Above Coral only long, below Coral only short
Price crosses cloud - both Trix cross each other and have the same color.
Best and most secure trend confirmation is a cross of the fast Trix on the zero level.

Exit:
Faster Trix changes color and/or touch of a known good resistance/support level.

Filter choppy market condition.
We have, thanks to the Coral, the possibility to filter choppy market conditions like early Asian or late Fridays session. You see that we didn’t get permission to enter any trade in the area highlighted in the red boxes (V2 version chart).

The green boxes show trading conditions after breaking the Coral and retest the Coral or cloud or a pivot level. But this screenshot was made in the late Friday session and it is best to avoid trading that time.

Overbought-oversold conditions
Each TF presents different settings on the Trix levels and passing those levels we can consider them as overbought and oversold. I f you like you can confirm them on your Analyze candlestick chart with the RSI indicator.

If you see the PA passing those levels and the fast Trix changes color you can switch to 1M and look for a fast scalp trade, they have a very high hit rate. Here a trading example, a good short setup, the fast Trix on all Tf’s (1,5,15) hide to the south (red), once the support of the 1M TF is broken and retested we can take the trade.

The Analyze chart
In all HA candle systems it is recommended to use an additional candlestick chart. We offer the analyze chart where you draw your TL’s, HL’s,   Fib’s, channels, Pivots etc.
It includes a RSI indicator for additional reference of overbought and oversold areas. Between the green lines you have bull territory and between the red ones bear territory.

Other additional indicators in the optional folder:

• FerruFX multi indicator for trend strength in %
• Trading simulator for MT4, coded by Quantem
• Old hull replacement for the ones that miss the hull toooo much

Trading FX is patience, wait for the right setup and take the trade, you will be rewarded mostly if you don’t forget the rules.

Dowload THV V3 Indicator, Sound, Template
Download Analysis Chart
Download THV Tutorial
Downlod MTF Indicators Manual

Manual Trading VS EA Trading

Definitely initially all traders trading yourself manually. Then as time goes by, there remain further manual trading and there are turning to automated trading with robots. Not everyone has enough time to check the Forex market. Perhaps the thing that makes the trader to switch to using the robot for trading.

Autotrading Robot or commonly referred to with the term "Expert Advisor" (EA), is an electronic device that works on its own to explore the opportunities of open trade, open either sell or buy in the forex market. Robots are here not to physically. But a software to trade forex automatically. Without you doing Buy/Sell orders, the robot will work on its own for you.

Trading two ways: i.e. the own trading manually and trading with expert advisor (robot). Each has advantages and disadvantages.

While in manual trading itself we can follow the movement of the market. We can avoid larger losses, when a position is wrong and enlarge the advantage when the position is correct. Because the Forex market is very flexible and complex manual trading then it is very good. In this way, however, still has its disadvantages, namely on emotions, psychology and greed. The third thing that makes trader suffered a lot of losses (loss). To cope with the required flying hours is enough.

So the bottom line benefits of trading manual and robot lies in the accuracy of the indicators that we use to conduct transactions. If the indicators that we use proven profitable results are certainly nice. And conversely, if an indicator we use is not profitable results are certainly ugly.

While trading with robots have advantages, namely discipline. Whatever its condition when it was entering the criteria then it will be instantly executed without thinking anymore. However trading with robots that are very rigid, whereas the market is extremely flexible and complex. If a robot could profit by trading, I am very sure it will not be able to last a long time and be consistent.

Excess

1. not too time-consuming. Just spend a little time on a weekly basis-for example, to search for and analyze a system of trading.
2. forex analysis does not require in-depth and manuals, because your analysis is the performance of the individual trader/system/. Nevertheless the General knowledge about forex and analyze remains important. We recommend that you remain steeped in analysis at your leisure.

Weakness

1. Less flexible, we cannot decide when to open transactions. So stay abreast of course. But there are several such systems on zulutrade we can decide to stop/close the transaction if it is not matched by trading more lucrative way. In addition it could also decide to stop/hold to the provider who we follow now.
2. More expensive, due to the presence of the Commission/parts we have to pay to the provider/system signals except when wearing a personal trading robot.

THV Ttrading Strategy

This time I will share THV trading strategy contribution from cobraforex. A simple template display even an amateur trader will easily use it as a trading strategy. Colorful indicators such as cobra snake making chart on the computer monitor to be comfortable on the eyes.

The result is a clean and functional chart with rules that allow relative secure trades and early entries.  I experienced a hit rate of about 70 to 80% of winning trades; this result depends on the trading skills of every trader.  The THV team tested this system only on 1M and 5M time frame but it should work as well in higher TF’s but we don’t have experience on that trading style. THV is not a click and forget system, neither a holy grail. Like any other system, it requires good Forex skills and basic knowledge of FX techniques together with a good MM

 

The template and Trix functions 

The Trix is the heart of the system and show us early possible trend changes on cross of faster to slower Trix line. This indicator gives warning labels:
The Bear or Bull Cross on cross of the faster Trix line to the zero level.
The Analyze Sell or Buy on cross of the faster Trix line to the slower Trix line.

The Analyze Exit (not shown here but direct above the Analyze Sell label in yellow) on color change of the faster Trix line.
Those signals have also voice support but it is disabled by default and you should enable it only to your favorite chart TF.
These are not buy, sell or exit signals, they ask for attention to analyze !!!
The Trix shows, like in the above example, divergence, watch that out always, it’s a money maker.

Here the settings for your main chart, on the other ones enable/disable SoundAlerts (type true/false). 

About divergence detection in Trix (code modified by Peterd) :
This indicator will plot divergence lines on the Fast Trix indicator and will give buy and sell signal by displaying green and red arrows. It also has a built-in alert
function. As the original indicator, bullish divergence is plotted in blue lines while bearish divergence is plotted in red. If the divergence is classic the line will be solid and if the type is reversed the line will be drawn in dots.

The Ichimoku cloud gives us the decision on which direction to trade, above only long, below only short. The THV Trend is in the lowest part of the workspace and indicates with colored bars the condition of the trend, be alerted when it changes to yellow (flat) because a trend pause or change can be on the plan. The Stop loss indicator is located on the very top left side of your main chart. It calculates the SL on the last moves based on ATR and give you an idea what could be your min. SL on the actual TF you are looking at. You can use it as well as a TP indicator while scalping, if the SL suggestion in 1M says 16 pips you can get a relative secure 8 pips scalp trade.

The Session indicator on the left upper corner of our chart needs to be synchronized with your brokers time, here is a web link to the Forex world session hours: Forex Hours only set the time shift to the difference that your broker time zone has to GMT, for example GMT -3. You can change the font size for the labels in the last position of the properties window.

Why Heiken Ashi Candles?
There are five primary signals that identify trends and buying opportunities:

• Positive candles (green) containing no wicks: There is strong uptrend momentum in the session and it will likely continue. Here, the trader will have a hands-off approach to profits while strongly considering adding on to the position. Positive candles with no lower "shadows" indicate a strong uptrend: let your profits ride!
• Positive candles (green) containing shadows or wicks: Strength continues to support the price action higher. At this point, with upside potential still present, the investor will likely consider the notion of adding to the overall position.
• A smaller candle body with longer wicks: Similar to the doji candlestick formation, this candle suggests a near-term turnaround in the overall trend. Signaling indecision, market     participants are likely to wait for further directional bias before pushing the market one way or the other. Traders following on the signal will likely prefer confirmation before initiating any positions.
• Negative candles (red) containing shadows or wicks: Weakness or negative momentum is supporting the price action lower in the market. As a result, traders will want to begin exiting initial long positions or selling positions at this point.
• Negative candles (red) containing no shadows or wicks: Selling momentum is strong and will likely support a move lower in the overall decline. As a result, the trader would do     well to add to existing short holdings.

These signals show that locating trends or opportunities becomes a lot easier with this system. The trends are not interrupted by false signals as often, and are thus more easily spotted. Furthermore, opportunities to buy during times of consolidation are also apparent.

Source: http://www.cobraforex.com

Keys to successful trading

One day yoko came home from a walk to the mall with her friends. Yoko wanted to quickly take a rest, shower, watch television and others. But yoko forget house keys placed where? After hours and hours of house keys not found him finally breaking down the door of the House and was upset by force.

As well as TRADING, to find the key to success in the trade you have to work hard, it takes time and patience. If you can't find the keys, you could only fidget or just guessing just trend direction without being able to see directly and become part of the trading itself.

The main key to success in forex are:

1. Learn and understand forex terms
2. Learn and understand why prices move
3. Learn and understand to see patterns
4. Learn and understand to use trading systems
5. Learn and understand the use of capital (money management)
6. Learning discipline and consistent on yourself

Stochastic Indicators

Stochastic Indicators made by George Lane in the 50 's is very popular used in trading on almost all types of market including forex. By knowing the nature of a technical indicator, it will be easy for traders to use it in real market conditions. Stochastic Indicators is oscillator often used by traders to identify the existence of a reversal of the trend and to determine how to open a position when it follows the movement of the market. To understand the indicator stochastic theory of understanding required overall pattern Elliott wave formation (see Elliot Wave Teory)). But as written by author George Lane, to find out the nature of the stochastic does not have to learn Elliott wave with detail but rather simply by using only the basic concept of the approach only.

Stochastic basically compute a value close to the range (high/low) for a certain period. Stochastic indicators in the chart consists of two lines:% K – is the main line which is usually shown with thick line% D – is a moving average of the% K, usually depicted with a thinner line or dotted line. In theory, there are 3 type stochastic, i.e. full, slow and fast stochastic. Although in some of the trading platform is available only 2 type stochastic, i.e. fast and slow stochastic. The Slow stochastic is a more subtle version of the fast stochastic, while the full version of the subtlest is stochastic. In General, the interpretation of these indicators are: Buy when the% K under the oversold level (under 20) and ride back to the same level when the Sell is on top of K% overbought level (above 80) and fall back to the same level the above Interpretation of the most commonly used by most traders.

Stochastic itself has two components that stripe red line called stochastic slow and light blue lines are called stochastic fast. RSI indicators will help you determine the overbought or oversold area open in the event of a reversal of the price. The uniqueness of the stochastic indicator is the use of two lines, the line% K and% D, as an entry signal. Because the oscillator overbought or oversold readings have the same, you just need to find the line K% line% D which cuts to a strong buy signals identify when a trend is taking place.

The line% K young, while the blue line% D is red. For line% k does not do the crossing or the cross, then the assumed trend is still ongoing. And when that happens, the trend is considered to have reversed course. Determination of the trend reversal, you can see the red line and blue line. If the light blue line and red line are already saturated at the point of purchase, and a line of light blue trim red lines, it's time You immediately open sell.

RSI Meta4 Indicators

RSI (relative strength index) indicator is an indicator that can be used to indicate overbought/oversold conditions, positive/negative divergence, and also a price reversal of momentum trading. The value of RSI itself always in the range of 0-100. The most basic function of RSI is to look for a buy signal when prices exceeded 30 lines or, where price will probably reach the point of moving oversold. For that, look at the screenshot below is an example of the use of RSI indicator.

RSI moves according to the current price at the time. It would indeed be a common trait of the indicators. Therefore, traders often use a moment such as this, to make deals with the indicator RSI. However, if there are new prices in progress, sometimes can cause the indicator to be incompatible with the price movement. The nature of the RSI that is looking for and determine when the price reversal occurs. When price is moving up to level 30, then was named as oversold. While oversold is a good time to make a purchase or buy action, because the price of the currency at the time in a State of bearish (down). But if the movement rates were below the level 70, then this is known as overbought. Overbought when is a good time to sell.

A trader must have a strong risk management. Because of the trend can be changed at any time, at a certain time, the trend could develop more quickly, or even reverses direction without us guess. Price at any time can counteract the transaction we have made. So, use with appropriate risk management to minimize the possibility of losers.

Renko Magnetis Lines

Some of the indicators used to predict price direction and know when prices have reached over bought or over sold. This indicator I use in pairs EURUSD and GBPUSD. 
You need an indicator or EA to setup a forex trading strategy? All you need is EA and Renko indicators plus guide how to install this on Your meta4 indicator chart.

Indicators are simple but profitable forex plus will I share below:

BUY Position :
1. Observe the price must touch first magnetic white line (150)
2. Shown blue SEFC Indicators at least 2 boxes
3. Red candle become blue candle
4. MA Yellow Colour
5. Blue uni cross appeared


Confirm to BUY
a. When all the preparations are being match with the rule above
b. Blue + aqua candle was already above the Blue MA Line. BUY position can be done. SL 50 TP 50-100 pips (depend pairs)


SELL Position :
1. Observe the price must touch first magnetic white line
2. Shown RED SEFC Indi at least 2 boxes
3. Blue candle become Gold candle (change in trend)
4. MA Yellow Color
5. Red uni cross appeared


Confirm to SELL
a. When all the preparations are being match with the rule above
b. Red + gold candle was already below the Blue MA Line. SELL position can be done. SL 50 TP 50-100 pips (depend pairs)

Tutorial Renko Magentis Lines.
Download Indicators Renko Magnetis Lines
Download Template Renko Magnetis Lines
Download EA Renko Magnetis Lines

Wait and See..

Each person must have had a different character to each other. Anyone who likes to walk, ride a bike or riding in a car when leaving for school. So too with forex, each trader has different characters, some like scalping, there's a rather long time trading, and so on. It all is grace from God that should be grateful. In this blog I'll share my tens even hundreds of meta4 forex indicator.

Any indicator, you must match the rule from a model indicator itself, kapun should get and when to get out. Personal experience, the most difficult is disciplined and consistent to the indicator used. Too much indicator causes the mind doesn't focus and confused.

Jesee Livermore said "Always wait for confirmation both in terms of technical and fundamental before actually doing the order buy or sell". If see chart below which are the most excellent for open trade?

BUY signals appear in support 1

If blue dot (buy signal) appear in support 3, what do you do ?

Indicators that i used is Alarm TF15

Signal_Bars

Signal indicator Bar is able to predict prices through State range. So the weakening of the market can be anticipated and can be read by the trader. The traders often use the signal bar, the faster the know the State of the current market. so no need to see price experienced a trend and when having sideways. Here picture of Signal_Bars Meta4 Indicators.




For those of you who are currently open positions or are waiting for the price to be undergoing reversal or reversal rates, enable signal bar. Information available inside the daily open or pip to open. This is a function of the range itself, when prices are already exceeded 200 points for example, it looks like prices are turning back or did not have the manpower to keep up. Well the function of the indicator is to predict the State of the market at that time based on the current price range.

Signal bars are reliable in a familiar range daily. There have been many traders who helped with this bar signal indicator. pretty easy to use, and could know the State spreads on a pair.

Download Signal_Bars Indicator 42.6 kb

Tom De Mark

Tom DeMark indicator of DeMark is the creator and founder/CEO of market research, LCC, Special Adviser Steven a. Cohen's SAC capital advisors. Dealer and consultant Tom DeMark is the creator of several technical indicators that believe in the principles of market analysis, time and negotiations for the purposes of research. In the course of his career, DeMark has participated in programs Certified Financial Analyst (CFA).

"In the long run, the market is determined by fundamental factors. Tom DeMark began to dive into the world of investing when it merged with national investment services company, based in Milwaukee, Wisconsin in the early 1970s the main analyst. Asset management companies profit-sharing and pension funds to invest in the stock market and fixed income mutual funds. The primacy of the national investment services is the market of the time. "My goal involves a small group made up of traders and analysts progrsif, and I always gave priority to the analysis of the market," said DeMark. The company was able to survive the collapse of the stock market in 1973-1974 and assets under management rose from $ 300 million to us $ 6 billion rupees. Is to remember that time – in 1974. "it is very difficult, Dow Jones Industrial Average SAG drastically from 1,000 to more than 570 political crisis has been dragging the President Nixon. Stock exchange index decreased by 50%. The company was able to survive and escape from disaster on the market of the time, and shareholders gave all the powers I have to do everything in order to save the company. "

In terms of the stock market crash in 1987, Denmark showed the creation of indicators signal Sell before the event occurs. Shortly after joining the Tom DeMark company hedge fund multi-billion dollar Rupiah Paul Tudor Jones (Tudor) and served as Vice President, in addition to that, keep doing market research and create technical indicators that helps traders and investors. Research and cost indicators will, Denmark says time the market, "the analysis is very useful. Time the market does not depend on the development in time, but more on the pattern of price movements and price at a certain time "Denmark with the charging indicator will be different from the others, because he believed that the mechanical indicators made based on the market brought. One of the famous DeMark indicator, developed on the basis of the methodology for the analysis of the market cycle, its key elements leads to the same result in the market and is popular as an indicator of the time of the market analysis. The ideas and principles is ensuring his book free of charge indicators will be entitled to The new science, technical analysis, published by John Wiley Sons, Inc. & in 1994. In addition, DeMark also work closely with developers and creating the famous trader Larry Williams. He always uses the characteristics of the trade 4 of its Tudor and claimed tax rates will be used in a variety of markets, the stock market, forex, commodities, or options. "However, all of the variables that I can is objective and simple," said DeMark. What are the tips for the novice trader Tom DeMark? "Always learning, dare to try and strive to always deal with target to target technical indicators"

Fibo Meta4 Indicators

Fibonacci was already so popular to traders. So now it's almost all trading platform there is a fibonacci calculator facility, which will automatically calculate and stayed put. Some things to note in the use of indicator fibonacci:

Fibonacci Retracement Levels
This level of functionality is for informational Support of Resistance, where usually trader will open buy/sell after the price touched the level points

Fibonacci Extension Levels
Traders generally use this level to determine the position of the point where they have to take the take profit.

A few things to note are:

1. Fibonacci indicator only works properly in the event of a trend
2. To be able to use fibonacci you must specify the swing/lowest price and highest range.

 The picture below is the fibonacci indicator (FiboPiv_v3)

A combination of FiboPiv_v3 with FiboFan_8

For those of you who want to know the history of the emergence of the fibonacci indicator please read the history of Fibonacci Theory

Download Fibo Meta4 Indicator 

FerruFx Multi info light chart

This is my favorite indicators where I can measure the strength of buy and sell each couple pairs in the chart. If the value is already 80% means a great power for the new order. To further secure the pivot point, support point and resistance point. Caution If the price was too touched Resistance 3 or Support 3.

The following favorite forex plus meta4 indicators.

Download FerruFx Multi info light chart Indicator 73.3 kb

BGX Bunny Girls

This Strategy according to the Bunny Girl is very detailed and easy to used in forex trading. And it looks like this strategy has an average of a 90% accuracy in giving the right signals. This strategy also has many other forex trader success making when using system is named Bunny Girls Cross Trading.

BunnyGirl advocated trade with one of the currency pair like EURUSD, GBPUSD, USDCHF and EURJPY since BGX strategy very good signal and respond 4 pairs.

BunnyGirl recommends that the best time to begin to observe price movement is currently the European market and the opening of the money markets in the Americas. The beginning of the European market is now the best signals if there is a Cross of BGX system, after Asian markets generally infrequent price movement (flat).

In addition to always pay attention to the condition of chart referred to by the term "No Touch Day". This State is the State where the Daily time frame (daily) or time frame 4 H (4 hours), a candlestick do not touch the lines of the WMA 5.

BunnyGirl using price charts with 30-minute time frame to see "cross" line of the WMA. And using price charts with timeframe 5 minutes for scalping and exit when the market does not move according to expectations. Price charts with daily time frame (daily) and 4 hours (4 Hours) is used to look at the overall price trend, to discuss the plot lines of resistance and support lines, to see fibonacy and look at the condition of "No Touch Day"

Basic BGX Strategy Cross
Trend line WMA 5 blue color
Trend line WMA 20 Red
Trend line WMA 100 green color

Buy/Long position signals when;
• Line WMA 5 crosses to line up WMA 20
• Line 5 and line WMA WMA 20 is above the line of the WMA 100
• RSI 14 shows the position above the line of 50 (midline)

Sell/Short positions Signal when;
• WMA 5 Lines down the line crosses to WMA 8
• Line 5 and line WMA WMA 20 under lines 100 WMA
• RSI 14 shows the position of under 50 lines (midline)

Filter (Signal Filter)

• Use filters to determine the proper signal
• Filters for EURUSD is add value point crossing BGX as much as 25 points plus a spread.
• Currency pairs other add 30 points plus a spread
• The value of cross point plus the value of this filter is also known as the "price of filters" or "entry point" to open position.
• This Filter can be changed according to the conditions
• Cancel order or trading when prices do not touch the filter rates the last 5 minutes of a 30 minute timeframe

Order (Reserve Price)

• If there is a Bull Cross (cross sell signal) the message price at price points plus the spread filter
• If there is a Bear Cross (cross sell signal) the message price at price points plus the spread filter
• When the filter prices touched, put a stop loss point BGX crossing plus minus 5 points depending on the open position (Buy or Sell)

Trading around the point of points Daily Open

• Daily open price equal to market opening at 00: 00 GMT
• When BGX cross close to the daily open to avoid the transaction towards the price of the daily open except when enough space to get the profit.
• When BGX cross are on the same side with the daily open filter but the prices at other places opposite the daily permissible open for trading

Trading around the WMA 100

• When BGX cross close to the WMA 100 avoid Transact towards price WMA 100 unless enough space to get the profit.
• When BGX cross are on the same side with the WMA 100 but the prices filter in other places across WMA 100 then may be to trade

In addition, the best signal when other currency pair also showed BGX crossing at the same time.

Download  BGX Bunny Girls Meta4 Indicator

Bollinger Bands

Bollinger bands, developed by John Bollinger, Bollinger Capital Management in the 1980s, based on the size of the recent price action volatility. Bollinger used two standard deviation closing price and plotted the values above and below a simple moving average. The default parameters for the use of a simple Bollinger bar-20 moving average, and trading a planned line 2 standard deviation above and below the moving average. Using Bollinger bands can be improved by simple changes in CQG, which will be explained following this overview of the classical approach.

Trading bands tend to capture about 90% of the price data, less than about 95%, which will emerge if the market does not show a higher than normal level of variability in the average.
Bollinger band aims to provide a relatively high definition and low. By definition, the high price of above and below the lowest band. This definition can help in a tight pattern recognition and is useful in comparing price action action indicators to arrive at systematic trading decisions.

Bollinger band using a variety of traders. Some traders buy when price touches the lower Bollinger band and quit when the price reaches an average of moving the troops. Other traders buy when the price breaks above the upper Bollinger band or when the price falls below the lower Bollinger band. In addition, the use of Bollinger bands is not limited to forex traders; option implied volatility traders, especially traders often sell when Bollinger bands historically far or buy options when Bollinger bands historically close together, in either case, expect volatility to return to the average historical volatility to the market price.

Traders will vary the length of the moving average and standard deviation, based on how often they want to trade signals.

Technique
The tendency to contract and expand is the main value of the Bollinger bands. Market trends tend to come from a period of low volatility, which appears as a sideways movement in the price chart. When the market moved in a narrow range, the Bollinger bands will contract as the closing price are grouped around the average price.

Often, the market is marking time, waiting for some news that major economic statistics. When the news was announced, the market may move to a sustainable trend. The value of Bollinger bands is that you can identify the situation of low volatility, which can then be used as a condition in the Forex plus (for example, the difference between the upper and lower Bollinger band has fallen below a certain threshold), the conditions for marking graph or as a warning, a personalized learning components, or as a rule in systems for further analysis of marketing.

On the other hand there is a tendency to memperllebar during Bollinger trend. In fact, the beginning of a trend that will lead to two Bollinger to move in the opposite direction. This expansion confirms this trend. As a market trend, no slow momentum will result in the Bollinger bands are likely to change the direction of the trend. This is the first sign of losing momentum, and a reason to get out or take profits.

In addition, both the Bollinger bands will begin to contract, reminding yourself early trading range, and gives you a reason to get out of the whole trade. Both of these events can be the basis for the alert conditions or custom rules in trading systems.

A challenge with Bollinger bands are going to have to wait for the bar to close before they can determine the value end of the Bollinger bands. In other words, the value of the Bollinger band fluctuates with a lively bar.

If the market is surging upward, the Bollinger bands will increase and may be on the high bar at the moment. If the market turns around and closes the mid-range to high bar can now be tagging the top Bollinger band, but that is because in addition to under the sea creature. Labeling is not high on Bollinger when height actually happened.

Look back at the top of the graph, you can see that there are clearly points where Bollinger breakout trend marked or tagged the band marked the end of the trend. But you won't know if this is the case, while the bar is lively as Bollinger bands move with prices. You do not have a fixed frame of reference.

Bollinger bands advanced
Instead of using Bollinger bands as a direct calculation of the current bar, set the Bollinger bands as a frame of reference fixed by creating a private study that use the Formula Editor. Create a custom study for Bollinger bands and studies to low using the lookback period Bollinger band of your choice, but click and select offset-1. Advanced custom studies, Bollinger band who planned the previous value of the current live band Bollinger's bar, providing you with a fixed frame of reference.

Bollinger bands-advanced can be used as support and resistance levels. Bollinger bands are fixed price locks from the bar at the moment. Acne Bollinger bands indicate that continued market move past previous levels containing the price action. Breakout that reverses the resumed between Bollinger bands-advanced will signal a false breakout.

Richard J. Dennis "The Prince of the Pit"

Richard Dennis was born in Chicago, USA, in 1949. He was interested in trading in commodity markets since the age of teenagers because it happened to the Chicago Mercantile Exchange were near his residence. At the time I was in College majoring in philosophy at DePaul University Dennis had started trading with its own capital. Prior to campus, she always visited the Chicago Mercantile Exchange to do transactions on his personal accounts, and the next day he saw his trading account balance is always incremented aka profit.

Richard j. Dennis was a fund manager, trader, author, and mentor (coach) trading. He was President of the Dennis Trading Group Inc. and vice-chairman of the C & D Commodities. In addition to writing an article on The NewYork Times, The Wall Street Journal, and the Chicago Tribune, he is also author of trading system course and a founder of turtle trading on-line Turtle Trader.

Dennis started trading in the stock market and commodities to the capital alone since the age of 17 years with a pretty impressive performance, before suffering a huge loss and almost bankrupt at the time of the US stock market crash of 1987. After quite a long break, in 1994 he started trading again with a different strategy. The results a year later he won the advantage of 108% and 111% in 1996.

Because a good trading performance, named Richard Dennis is best known to New Yorkers, the trading centre in the USA. Dennis started trading with the private property outside the capital after many people asked him to manage a number of funds. Because of the unique way his trading, he got the nickname ' The Prince of the Pit ' by The New York Times.

According to testimony, he was a follower of traders known as the Richard Donchian, Mr. ' trend following '. While managing the accounts of his clients, he also entered in the stock market and futures, and because of the ambition to earn a profit in a short time, he also implemented the strategy of pyramiding. This strategy often run well. But then he also increasingly aggressive with its frequent use of instinct to predict the trend of price movement until nearly all of its managed accounts almost collapse at the time of the 1987 stock market crash, known as ' Black Monday '. Dennis himself losing millions of dollars plus a pile of debt that must be repaid.

After a break of several years, he began to rise again in 1994. This time he is very careful and no longer use the instinct. He created his own trading system based on a prediction of the trend directions combined with risk management. "In the current market conditions, trading with a clear and purposeful systems is very important. It was the best trading way. "he said. Trading systems generate trading signals complete with recommendations for entry and exit. Supposedly many trading strategies adopted turtle trading system.

"Now I am not just traders, but also researchers, and lecturers. Regularly I always fix the parameters in my trading system to be able to adapt to the changes that occur. You certainly know the market conditions so quickly change. "said Dennis who is also active in drug eradication and author of the book '' Toward a Moral Drug Policy '.

As a mentor, what's his advice for the novice trader? "Whatever strategy you use, if you act right then it will surely go well. The key is discipline and consistent. " he said.

Read another Trader's Story

The Top Ten most Influential News

In fundamental analysis schedule news is important to be aware of. Forex calendar that pops up every week you can see in the website or your broker forexfactory. From there we can find out the right time for the new order by looking at the economic data that has high impact (red color). Because at a time when news emerged of price movements is very high.

Here are the top 10 ranking of news you need to beware.

1. NonFarm Payroll USA ( the effect 100-200 pips ) 
2. Trade Ballance USA ( 70 - 150 pips ) 
3. Interest Rate Statements ( 100 pips ) 
4. Durable Good ( 50 - 100 pips ) 
5. Producer Price Index ( 50 - 60 pips )  
6. PPI excl. Food and Energy ( 50 - 60 pips ) 
7. Consumer Price Index (50 - 60 pips ) 
8. CPI excl. Food and Energy ( 50 - 60 pips ) 
9. Trichet, Bernanke, Fukui Speaks ( 30 - 100 pips ) 
10. Unemployment Rate (50 - 100 pips )

Trading for a Living, Dr. Alexander Elder

Dr. Alexander Elder is a professional trader (born 1951 in Leningrad,Soviet Union), author of books on trading and investments, trainer, consultant and motivational speaker leading trading. Among the dozens of his book famous ' Trading for a Living ' (international best seller, 1993), ' Come into My Trading Room ' (Barron's 2002 Book of the Year) and ' Entries & Exits '. Living in New York City and in various types of market trading, Elder pioneered a special school to traders called ' Traders ' Camp ' and ' Spike ' Group. He is very reliable in teaching and speaking at various seminars. Ideas and how to transfer knowledge in trading many acclaimed and much imitated. In addition to trading for himself and his client, Dr. Elder is committed in helping traders to be qualified and confident in my trading, as the motto on the website perusahaannnya elder.com: Intelligent Education for Traders.

Alexander Elder's background is a medical doctor and psychiatrist. Born in Leningrad, Russia, where he studied medicine. At the age of 23, he received political asylum from the United States Government and works in New York City as a psychiatrist as well as teaching at Columbia University. This Elder became interested in trading in the stock market. The first shares bought are KinderCare. After learning to know the ins and outs of trading in the stock market, he also began to focus on the market option. According to Dr. Elder who also created the method of ' Triple Screen Trading System ', the most important in trading is Psychology (perhaps because of his background as a psychiatrist), then the use of a combination of technical analysis and proper money management.

As it is written in his book ' Trading for a Living ', Dr Elder said "in the beginning I am trading with slow and did not develop until I realized that the key to success in trading there in my head, not in the computer. Some say that trading was easy-easy is difficult, it is not true. To succeed in the knowledge required in the trading and high discipline. The myth that great loss because I do not know the secrets of the trade, it is absolutely incorrect. Secrets in trading that's just fantasy. If anything, there are only 3 Secrets: psychology, market analysis and trading systems and money management. Everything must be done with great discipline. "
In addition to the stock and option markets, Dr. Elder is also trading in the futures market that he thought most advantageous. In addition to continued to write books, he also practices as a psychiatrist in part-time after hours trading.

Dr. Elder to understand in detail what the underlying transaction in the trading flow, how should the way of thinking before you start the transaction, when it had a trading position and after closing a transaction. According to him, there are three levels in trading:

1. Traders who are adept in technical analysis but doesn't understand the psychology of trading which is a major component in determining the way of thinking and control your emotions.
2. The Trader realized that although he is proficient in technical analysis but it does not guarantee success in trading. At this level of traders will be looking for and trying new ways and avoid the old ways that have failed. Dr. Elder refers to this as an awakening understanding of the psychology of trading.
3. Traders who have understood that to be successful in trading correct emotional control is required and a disciplined money management strategies. Without controlling the trader emotions can be hard to anticipate price movements next, and without a disciplined money management trader will use his emotions to ' impose ' advantage, a very natural thing.

source: www.elder.com

The Teory of DOW

Most of what we know about technical analysis was born from the ideas of Charles Dow, Edward Jones and his partner, who works in the company Dow Jones & Company since 1882. These ideas were published in the Wall Street Journal and on currently accepted by most adherents of technical analysis, although most did not know the source. Dow theory is still dominate even though it has a lot of technical analysis is more complicated and high-tech.

I. the market takes into account everything.
All the things that can affect the supply and demand market reflected in market prices.

II. three types of trends (Trends).
According to Dow, trending up (uptrend) is a continuous rise to the top and down, while trending down (downtrend) is constantly up to the lowest point. Dow argued that the law of action and reaction that applies to the market is the same as for other physical objects, and this means that any significant changes is always followed by concrete returns.

Dow divides trends into 3 parts:

1. Primer (comparable with the tide, the continuous rise of the surface).
2. Secondary (proportional to the wave and represents correction feedback) from the first trend, usually up to 1/3, 2/3 or typically half that of previous trends change.)
3. Minor (ripple)-fluctuations in a secondary trend.

III. the primary Trend consists of three phases.
The Dow is concerned the primary trend, which is divided into three phases:

The phase Accumulated the most astute investors begin selling or buying the latest changes feel from the direction of the market.
-Participation phase by using technical analysis, most of the traders into the market following a price change that fast.
The phases of implementation of the new directions that are recognized and widely accepted and supported by economic news that generate speculative volume growth and all participants in the trend.

IV. Exchange Indices must be mutually confirm.
Dow stated that up to the curve of the Industrial index and the Standard & poor-(discourse on the Dow-Jones index) does not surpass the previous peak then there is no confirmation of the beginning and the continuation of the movement "bull" (ascending) on the market. Signals do not have to log on simultaneously but the more clearly a signal is considered to be increasingly little time underway among the signals they will be.

V. Trends reinforced by trading volume.
Trading Volume was enlarged or shrunk depending on the price trend towards the back or vice versa. Dow found this as volume indicators second stage. Signal-signal to sell or buy based on the closing price.

VI. Trends must be assessed continued until the emergence of signs of the opposite direction.
All the technical approach to analyze the market based on a simple idea, that trend will continue until the advent of the outside force that compels him to turn – just as in terms of physical objects bendak. Thus there are signals in the reverse direction to look for.

Manage Your Trading Psychology

Every human being is born with different characters and complex nature. Feeling greedy, covetous, doubt, fear, hurt, wanted revenge etc is the main enemy to be conquered by a trader. Forex trading is a business activity that involves humans, of course following all sorts of nature or character. And because that's the psychology of management is indispensable here.

Management Trading psychology, should know and understand? Literally, the psychology of mental changes identical to someone. And mental readiness in trading, a trader in the face all situations is indeed indispensable.

Not a few traders who end up bankrupt just because its less ready to affect their mental trading pattern is actually good. On live trading psychology changes, experienced a trader is certainly very different is different when using demo account, this is because in the live trading is no longer using virtual money, but the real money. Managing the psychology of management (psychology) trading is not an easy job, but indeed this is one of the important things that need to be understood and carried out by a trader.

Some of the trader characters must be to managed are:

Greedy
This is the most basic human nature it is difficult to be removed. One purpose of the trader when to enter the market and conduct transactions is gaining profit. And the tendency of traders to profit was bigger than what he obtained already at that time.

Revenge on the market
This very common condition experienced by beginners like me when it suffered a loss. As I demonstrated above, revenge will only make the trader cannot think clearly and focus on trading patterns. Of course this being a big plagues if it continues

Fear and doubtOther psychological problems is fear or hesitation. The result of the psychological problems is usually late to enter the market or even result in the loss of the opportunity to profit.

Over Confident
Over confident or overly confident. Often occurs when several times in a row get the profit, even with no loss at all. Confident it is necessary, but overconfidence can also provide effects that are not well in trading.

Source: ide-fx.blogspot.com

Jesse Livermore (1877-1940)

Most traders know that Jesse Lauriston Livermore Livermore or Jesse was the father of traders at its time. In addition he also became a legend of the stock market and known as the ' King of Speculators ' (Speculator King) and ' the great bear of Wall Street ' due to the enormous profit when the market is in a bearish Wall Street crash that occurred in 1907 and 1929.

The story begins when her Jessi Livermore ran away from home at the age of 14 years old because his father insisted him to become a farmer, Jesse Livermore, who just "elementary school bench finally working on a small stock brokerage in Boston, United States. From there he learned self-taught and began his career trading until it finally became known as Speculator King (King of Speculation).

Although known as the ' King of Speculators ', Livermore is not a speculator chancy as gamblers. He's full of calculations in determining the timing and money management, as well as adept at controlling his emotions. At that time not yet a technical analysis and sophisticated now that could be helped by many indicators, but Livermore has been applying the pattern formation of price movement analysis (price patterns), techniques to maximize profits by pyramiding and analysis of trend of price movement with the rule ' cut losses, let profits run '.

In Jesse Livermore trading, applying some rules that are currently still in use by traders of the world, among others:

1. Do not enter the market when market conditions or sideways trend direction is not clear.
2. Apply the pivot point daily to find out the direction of price movement.
3. Always wait for confirmation both in terms of technical and fundamental before actually doing the order buy or sell.
4. Always use stop loss (determine risk), and exit only when the trend reverses direction (reverse).
5. When a bullish market You must trade on stocks that are very strong, and when the market is bearish, you must sign in on stocks the weakest, avoid the shares ' hesitation ' or ambiguous.
6. Never doing techniques "averaging down*" in the position of being losers.

* Technique of "averaging down" is the technique of open market by using a number of lots 2 x with same direction. example: trend up then do buy 1 lot and it turns out the price down, but instead buy using 2 lots and so on.

Jesse Livermore said there are 3 things that are causing traders lose out, among other things:

• Less knowledgeable traders on market instruments
• Trading rules (methods and strategies) that are not expressly
• Violations of the agreed rules (discipline in money management)

Jesse Livermore (1877-1940): the most successful Speculators in the history of Traders

Elliot Wave Teory Part 2

An attribute theory Elliot is actually a simple understanding about a certain unique pattern that is formed naturally by the market and the patterns formed over the psychological basis of demand and supply price all traders of the world.

Philosophical basis of the mechanism of market forces: that if Supply is more powerful then the price will go down, and vice versa when Demand is more dominant, then the price will go up. push the pattern Patterns shape the Market (at least, this is the Philosophy that is owned by an attribute theory Elliot).

Although the pattern of Elliot has about 21 variant patterns and we don't think it is possible to explain everything here, but Elliott Wave has the basic pattern of the entire Variant.

The basic logic and understanding the above is:

That if the price goes up at no. 1,

then if some Traders assume that the price has been high enough in a period of rising, then they will sell/take profit at no. 2.

When the price has been rectified, so most Traders will be back doing action buy and usually in times when these conditions will most wave length as seeing movement on the No. 1 then it will be more and more traders will do action buy at no. 3.

When the price has climbed very high and seems "impossible" with a price increase, then again most of Trader's action take profit/sell at no. 4.

When prices go back down and look very low, then the majority of the world's Traders return to action buy him at no. 5.

(Motion and the understanding of the above, the same also with the condition the price down)

well, maybe a Friend will ask:

"How about if the price has reached No. 5?"

Basic Elliott wave Pattern well above will usually be in a correction to the pattern as we describe below:

Well as we explain in the "page identifies Elliott wave an attribute theory" was commonly that Elliott wave having an understanding that:

"Basically, the movement of the Market it like a wave, and in the huge Wave created is a small wave that is part of one unified & big waves."

then a movements of the market forming the basis of the Elliot wave an attribute theory, does not cover the possibility that there is a wave-a wave that "again – again" formed a small wave.

as we said earlier, that the Elliott wave has 21 variant/patterns. well but it does not mean we have to memorize everything, because actually all the patterns has the same principles. If taken overview 21 variant then it would be a simple pattern Formation 3.

1. ZIG-ZAG
ZIG ZAG formation looks to move strongly enough with the dominant Trend information and reflected the price (change of Trend) are also quite strong. Wave B usually is the most minor of wave A & C.

Zig zag patterns can occur twice or even three times in a period of correction. As we described earlier, the picture above each wave may have minor/wave-wave is small and can be broken into 5 waves pattern.

2. FLAT
This pattern is actually giving us Information that market conditions are SIDEWAYS/FLAT. and that should be noted:

Generally each Wave equal length sometimes wave B can exceed A wave

3. Triangle
Triangle pattern is quite interesting because it can provide information and price movements after point "e".

Triangle Wave consists of 5. This Triangle could just form a symmetric, ascending, descending, and so on.

Good Luck,

Elliot Wave Teory Part 1

In the year 1920-1930 there was a Genius and a Professional Accountant named Ralph Nelson Elliot. He worked as a professional accountant and he did research and analysis of financial data and stock. In his researched, Elliot found a "real fact" that the stock market moves as random movement or could not be analyzed is apparently not true.

What's going on? in the course of his research for 11 years he finally put together a strong enough evidence about the movements of the stock of the world and the world shocked with Elliot discovery!

He published a book about his theory that give title "THE WAVE PRINCIPLE".

According Elliot, market moved repeatedly !

The meaning is the true meaning which repeatedly has the purpose that the market has hit the value of X, then in a certain period then the Market will try again to touch the value of X. And all the "Natural Philosophy" that happened, actually indicates Psychological and emotional Side of all the world's investors in News/information skyrocket by external influences such as CNBC, Bloomberg or also the influence of Psychological Domination that occurred at that time.

Elliot said that the motion is upward and downward movements of the Market caused by the "Psychological conflicts" World traders, which always appear in the same patterns and shape the character of the wave.

This is what makes an attribute theory of Elliot wave deeply so triggered the attention of the world at that time, because an attribute theory Elliot was able to give them a way to be able to analyze the movement of the Market and identify the right price point for entry/exit from the market.

Elliot believes that, if you can identify the wave from the movement of the Market that look random then you can analyze when Entry and when to Exit the trade in those markets.

But, like all emerging an attribute theory and introduce someone to the world, by then an attribute theory Elliot also must be proved by observation and claimed vindication in the market. Because of the demands of this Elliot forward with theory gave the name with "an attribute theory Elliott Wave"

The basic logic is that given by the Elliot Wave an attribute theory are:

"Basically, the movement of the Market it like a wave, and in the huge Wave created is small waves that are part of a whole and huge waves."

High Level Achieved EURUSD 6-months after the speech of ECB Draghi

Press Conference ECB voting results and confidence Draghi Parliament on governance PM Enrico Letta managed a pair EURUSD translucent above 1.3600 level.

The coalition Government of PM Letta get 235 votes to continue the wheels of Government, after Berlusconi issued a statement in support of the coalition Government of Italy. Separately, ECB President Mario Draghi to comment that the central bank is prepared to take further policy to prop up the economy of the Euro zone if necessary, eurozone economic recovery optimism is quite in contrast to the u.s. Government's budget deadlock situations so as to push the U.s. Dollar while the Euro currency became popular.

Pair EURUSD so far observed rose 0.50% at 1.3593 level, after reaching the highest point in intraday lowest level daily and 1.3607 at 1.3505.


         

Americans Bankrupt ?

As of October 1, 2013, the United States Government (USA) ceased operations. The crippled Government activities are the result of chaotic budget going on in Parliament.

The American Government officially suspended the activities of the institutions of Government. This is a bad tragedy in the history of the country Uncle Sam in the last 17 years. The u.s. Government does not have a budget for the work. Only a few institutions that still have activity because it is considered to have a vital function.

The decision was taken after a bitter Republican party refused an emergency fund put forward as a solution to the problem of budget crisis by U.s. President Barack Obama. Policy means the policy package also refused the welfare that carried Obama in his campaign.

The phenomenon known as "shutdown" this never happened also in 1996. At that time, the u.s. Government led President Bill Clinton's lame for 26 days.

This is the manner of the latest events from the Republican party to interfere with the administration of President Barack Obama. The Republican party is intent on attacking Obama in every way.

Tlatomi H4 Indicators

The Tlatomi methods is suitable for GBP/USD and GBP/JPY. You can add other indicators to facilitate analysis tlatomi method, such as FerruFx_Multi_info + _ light_chart_v_aw1 or Signal_Bars_v7 indicators.In accordance with the title "Tlatomi H4 Indicators", always use 4 Hours (H4) chart.

Setup
1 Use 4 Hour Metatrader chart
2 Use NonLagMa_v4 and SHI_SilverTrendSig

NonLagMa_v4

• Filter=20 
• Color=1 
• ColorBarBack=0 

SHI_SilverTrendSig

• Allbars=0 
• Otstup=30 
• Per=9.0
• Don't forget to change the colors also (0=blue-1=red) 

FXSniper'sErgodic_CCI_Trigger 

• pq=4 
• pr=8 
• ps=5 
• trigger=4 

Entry Enter long when : 
1 – a blue dot appears
2 – the ergodic CCI crosses up the trigger line( blue line crosses up the red one)
3 – NonLagMa color changes to yellow

Enter short when :
1 – a red dot appears
2 – the ergodic CCI crosses down the trigger line( red line crosses down the blue one)
3 – NonLagMacolor changesto yellow

Exit 
Exit when a new dot appears (red if you are long and blue if you are short). This method gives you mechanical trades. Don't hesitate to transform them into discretionary trade after because you can see things that the system can't. Sometimes, it will be the difference between a30 pips trade and a 300 pips trade. Once you move your stop to breakeven and add a trailing stop – you can't wait a little more time to see what the market wants to give you. Stop In general, I look for previous daily Resistance-Support butI don't have only one method for my stops. You can also looks for the high or low of the previous bar.

Price enter:
The price enter is the open price of the candle or bars where the Non Lag Mais yellow.

Ergodic_CCI:
The signal is stronger when the FX Sniper'sErgodic_CCI_Triggeisabove300 or under -300.

NonLagMa :
''The non-lag MA does turn yellow/non yellow while the current candle/bar is still forming ... so i
wouldn't enter a trade until the end of the current candle confirms that the yellow section doesn't switch back to anon signal. So remember wait till the candle is fully formed until entering a potential
trade!!!!''.

What's i says is right but it's depend if you are aggressive or conservative! If you are aggressive,
you can go when the non lag show for the first time a yellow line but if you are more conservative, like i said, wait for the candle to be fully formed. To be more conservative means less profit but also more safety.

The order:
I don't take a trade when the cross happens before the dot or when the cross happens after the nonlag.
So, i wait for a dot then for the cross and then for the nonlag.
It doesn't matter if the cross and the nonlag happen at the same time but like i said earlier, the cross
should never happen after the nonlag. 

Download Tlatomi H4 Indicators