Forex Plus

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. 
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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: 
 
 
<ol>
<li>Do not enter the market when market conditions or sideways trend direction is not clear.</li>
<li>Apply the pivot point daily to find out the direction of price movement.</li>
<li>Always wait for confirmation both in terms of technical and fundamental before actually doing the order buy or sell.</li>
<li>Always use stop loss (determine risk), and exit only when the trend reverses direction (reverse).</li>
<li>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.</li>
<li>Never doing techniques "averaging down*" in the position of being losers.</li>
</ol>
 
* 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: 
 
<ul>
<li>Less knowledgeable traders on market instruments</li>
<li>Trading rules (methods and strategies) that are not expressly</li>
<li>Violations of the agreed rules (discipline in money management)</li>
</ul>
 
Jesse Livermore (1877-1940): the most successful Speculators in the history of Traders

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 lege...

Elliot Wave Teory Part 2

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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: 
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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. 
 
 
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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. <a href="http://brainforex.com/picture_indicator/elliot2-1.JPG" style="margin-left: 1em; margin-right: 1em;"></a> 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: <a href="http://brainforex.com/picture_indicator/elliot2-1.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="145" src="http://brainforex.com/picture_indicator/elliot2-1.JPG" width="320" /></a> 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". <a href="http://brainforex.com/picture_indicator/elliot2-3.JPG" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="165" src="http://brainforex.com/picture_indicator/elliot2-3.JPG" width="320" /></a> Triangle Wave consists of 5. This Triangle could just form a symmetric, ascending, descending, and so on. Good Luck,

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 th...

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."

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...

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

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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUWXAo82frlDYacz2E4aign_kW-vfSZ35s_BmGAAOKFnJWnRQJ6eizyNirCtqUmwjY87gxMnNP4RDdOliCjSQ4IO0CcxVOsPj36FzYLZeGd_LuVqo1FnprUM_5tLtdIGNcah9Ku5f6e5w9/s1600/EURUSD.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Euro USD" border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUWXAo82frlDYacz2E4aign_kW-vfSZ35s_BmGAAOKFnJWnRQJ6eizyNirCtqUmwjY87gxMnNP4RDdOliCjSQ4IO0CcxVOsPj36FzYLZeGd_LuVqo1FnprUM_5tLtdIGNcah9Ku5f6e5w9/s200/EURUSD.jpg" title="EUR USD " width="200" /></a>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.

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...

Americans Bankrupt ?

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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.

Americans Bankrupt ?

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

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. 
 
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Setup 
1 Use 4 Hour Metatrader chart 
2 Use NonLagMa_v4 and SHI_SilverTrendSig 
 
NonLagMa_v4 
<ul>
<li>Filter=20 </li>
<li>Color=1 </li>
<li>ColorBarBack=0 </li>
</ul>
SHI_SilverTrendSig 
<ul>
<li>Allbars=0 </li>
<li>Otstup=30 </li>
<li>Per=9.0</li>
<li>Don't forget to change the colors also (0=blue-1=red) </li>
</ul>
FXSniper'sErgodic_CCI_Trigger  
<ul>
<li>pq=4 </li>
<li>pr=8 </li>
<li>ps=5 </li>
<li>trigger=4 </li>
</ul>
 
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.  
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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...