System-Forex.Info

Forex System - Deep Inside CCI

2011-09-14T11:00:00.000+07:00

This content will satisfied the fan of CCI, it talks about forex system and CCI as main actor, um.. with little helps of MA. This reports I share comes with introduction of terminology (which boring for me to read), but you will know whole process behind 'em, no secret which is good. Yes really, you will never really know how good a trader is unless you can see his/her P/L along with entry and exit times for the trades set-ups you are following. This will confirm that they are really taking the trades they advocate and provide you with a true idea of the win loss percentage, he said and mostly I agree, as if I were signal provider I don't want to be knock-off by refund. By the way, no fancy indicator here just general indicator that available on every trader platform so no need to install or search anything again.

Keep in mind, this document is for educational information and exchange of trading ideas only. You need to be aware that nothing mentioned here, or your interpretation of the information or charts contained in this document, is to be taken as trading advice; all trades taken based on this educational text are totally and strictly at your own risk. As you already may now, you should consult your broker or financial advisor before placing any trade. Show Spoiler
For depth knowledge of this system : CLICK HERE

Tips Developing Profitable Strategies For Forex Trading

2011-09-12T04:19:00.000+07:00

Develop a method of trading Forex.

Development of appropriate trading strategies is one of the most important that an investor can do in any type of foreign investment. For forex trading strategies and Forex trading niche is to become one of the most investment beloved in the market today, it's really important to be ahead of the curve and develop winning strategies of Forex trading. One thing to remember before you start making any investment in a foreign currency is to understand how much risk is involved when hiring your strategies on Forex trading.

Successful marketing strategies have been designed around the recognition that the business can be very risky. Many or all exchanges have been designed around the physical state of the economy. Many states are developing or third world that have economies that fluctuate on a regular basis and are subject to fluctuations in price extremely high.

What is the Forex market price?

The volatility of the places a surprising role in the form of currency is a price and will be an important factor in the development of negotiation strategies. High volume is a serious part of the structure of final prices that the positions are constantly being bought and sold. As the popularity of the currency and "off the shelf" Forex strategies has increased, so too does the amount of volatility and the health of each foreign country is taken as a sign of the exchange rate.

If you are still unsure about what you are doing you should seek professional training course forex expert.

Another important thing to keep in mind when developing a successful forex trading strategies is to grasp is not a perfect plan. Success in the Forex trading strategies is strongly dependent on the person who executes the plan and how well they can keep their emotions under control. And 'able to maintain a strong position in the market goes through a very heavy volume changes.

This can lead to jobs and jobs generated by the strategies of their trade to undergo very rapid fluctuations in prices, and why the merchant should be able to keep his feelings under control and in good condition to suspend the sale their position in the beginning. Patience is a virtue when it comes to implementing their trading strategies, and should become a guru to address the high price fluctuations that go against their positions and jobs generated by their trading strategies in forex .

Considerations last

There are some things to consider when developing effective strategies for trading Forex. This market is the market's best-selling worldwide and provides more than any other market liquidity. This implies that if we want to move in and out of positions quickly, they should have little trouble doing so, and your forex trading strategies should be flexible enough to make sudden movements. You must learn to operate and develop the will power and learn to hold emotions in transactions. Understanding these simple tips will help you develop strategies terribly profitable Forex trading.

Forex System Single Steps

2011-09-11T11:01:00.000+07:00

Then, i found forex system that use martingale, it classic but if you don't know what martingale then 'google' it first.This forex system not crazy at it seems, main strategy still depends on system itself and it called breakout method and for money management mixed with martingale. I see low take profit between 10 - 20 and using stop loss, mixed with martingale so keep watch your money management. This system use Excell calculation.

Intro, first paragraph forex system, This method is what I like to think a mixture of a breakout method, with a little of the classic martingale strategy mixed in. The aim is to go for low profit goals, and to eventually let that profit come to you. The profitability comes from the magic of compounding (recommended money management is towards the end of this document), and that even though your pips might only be worth $10 today, the can be worth $1,000 tomorrow. I believe what makes this system unique is that it can catch small profits in a ranging market, and even catch big profits in a long trend. This system derived from about 1.5 years of re-doing, re-analyzing, re-writing, and a whole bunch of other “re’s” from a system that I originally made a while back.

You can find the rest here : CLICK HERE

Yang Forex System

2011-09-03T22:02:00.000+07:00

This an indicator shared by fellow traders from China, i don't know it this name before but it seems original and the author generous to share source code. Indicator looks complete whole forex system in simple interface. Using calculation price moving and return maybe MA calculation there, yet there's no guarantee high percentage winning but it worth to try. I like to combine with other forex system...

Indicator / Forex System : CLICK HERE

MT4 Indicator TRIX And C4Scalp

2011-08-31T21:45:00.003+07:00

Share little gift MT4 indicator, i forget where i find this indicator, paid or free really don't remember. Maybe this indicator will give little heat to your forex system, don't know useful or not it just another crossover MA for me. Don't ask about mq4 source code coz i already get it in compile .ex4... by the way just enjoy.

Download Indicator 1 : CLICK HERE
Download Indicator 2 : CLICK HERE

Range Bar and How To Setup in MT4

2011-08-29T15:52:00.007+07:00

Talk about forex system, its been a while for me to update this blog after struggle with real time in real world in reality, i suppose i become stuck in normal ways to live and wipe out my last important things and that was 'trader'. I never share this things before and i think hardcore trader out there already know this, especially for the lurker forum. It was range bar, this is not forex system or trading system forex like you already know. Its just helpful guidance or additional indicator that change conventional bar into range type bar, in other ways you can customize bar in any range you want, ex. every bar only 5 pips range, and every time 5 pip range meets it will made another bar and so on. Deep more about range bar or just skip it if you're in rush...

Calculating Range Bars

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Range bars take only price into consideration; therefore, each bar represents a specified movement of price. Traders and investors may be familiar with viewing bar charts based on time; for instance, a 30-minute chart where one bar shows the price activity for each 30-minute time period. Time-based charts, such as the 30-minute chart in this example, will always print the same number of bars during each trading session, regardless of volatility, volume or any other factor. Range Bars, on the other hand, can have any number of bars printing during a trading session: during times of higher volatility, more bars will print; conversely, during periods of lower volatility, fewer bars will print. The number of range bars created during a trading session will also depend on the instrument being charted and the specified price movement of the range bar.

Three rules of range bars:

• Each range bar must have a high/low range that equals the specified range.
• Each range bar must open outside the high/low range of the previous bar.
• Each range bar must close at either its high or its low.

Here's the pic about range bar in action...

How to setup this in MT4 (almost same like renko bar setup) :

The funny things it also same like renko bar, it will change every indicator action. You can doing some experiment with your forex system maybe it will increase probability winning and have good performance in future but don't expect holy grail result, you won't find it.

1. Download the script : DOWNLOAD HERE

2. Put script .ex4 in your script MT4 folder installation\experts\scripts

3. Restart and run your MT4 terminal, i used pair EURUSD as sample

4. Select View > Navigator and find folder scripts then double click script, it will look like this...

5. Let the option default you can customize later, push OK

6. Few second later alert will showed...

7. Select File > Open Offline, click EURUSD M2 and it will show like this...

* It not just M2 you can change in M3 or M4 in indicator option 'timeframe' function. Also you can change your range pips every bar.

Congratulation your chart now have range bar function. Have fun with your forex system experiment, good luck guys.

p.s Someone said its paid indicator, but hell damn thing i could find that free in 4sh*red.com

Trading Plan Is Step To Success

2011-07-02T10:46:00.000+07:00

When people start talking about that in the forex market today are many pessimism. This is understandable, given the economic conditions nowadays. It may seem silly to get into today's mess. However, there are ways to get into the trade that will help reduce risks. Trading plan that successful professional traders use to minimize the possibility of losing their investment. I will show you how to make one in this article.

Firstly, trading plan is much more than just the instructions that you write for yourself. A good trading plan, in a second set of instincts for traders, that is, of course, they can refer to the intestines than just their suspicions. This is the AME as a trading plan, prepared by the merchant, so that they will consider the issue of personal conduct and character of merchants. That is the reason why when making trading plan, traders often begins with a brief period of self-reflection.

I know it sounds like some psychoanalytical nonsense, but, knowing myself, satisfy trade secret plan meaking. Trader should know that he napravyvsya, whatever he did, he knows about the market, and how it will respond to clear the market. Everything goes into a trading plan.

There are a very important goal. The practical aim is to help you track your progress and provide a sense of accomplishment and confidence that are important in forex trading. Some traders keep an eye on your goals, allocating a certain period of time, usually a week or a month, and has a goal of profit markup, they should shoot. Go to a specific goal for profit-making traders in the fingers and gives a sense of achievement when he meets her.

In addition, self-knowledge are also important trading power in the creative plan to trade such as market share or describe what it will highlight it. You will not go into anything blind, is not it? Well, this is the same as a merchant. Trader trading plans usually focus on specific markets or products. Typically, the market is in the field that he has evidence or have interest in this, you need to know about what you would have traded importance. Changes in market conditions and future trends can be seen that talented in the study and these changes and trends on a regular basis can mean the difference between what is broken or earn money.

Finally, knowing your character is very important. This can help in the form, and order entry in real market, which you have interest in. secret that the cost of entry is described by the action and what time you start to take a position on the market. Exit the opposite technique, essentially marking the moment when you begin to sell shares to profit or loss. With the transition to market consistently, have a clear method and described the nature of your match is significant. Someone likes to take risks, be more focused on margin changes, while a person who likes to be conservative go with the bottom edge. Always try and normally with the method that you create because you have to follow them.

All this sounds simple enough to make shopping plan, but it's a lot of work.

How Forex Can Trade For Living

2011-06-13T08:45:00.001+07:00

Knowing how to trade in Forex is simply not enough to be successful. With the largest and most liquid financial market in the world, you need more than knowledge and skills to be successful. You need to know about the various things involved in Forex to earn huge sums of money.

This is where Forex Income Trade Alert Engine software comes into play. Created mainly Bill Poulos - CEO Profitsrun.com well known fund manager with years of experience with extensive qualifications - Forex Income Engine Trade Alert software is designed to help people into productive news traders based on the experience that Bill has accumulated over the years. Home methods can be used to make a small fortune in the Forex market will leverage Forex trading strategy. In leverage Forex trading strategy, it gives you, as an investor in the Forex market to borrow money to improve their earning potential.

In addition, the Forex market is among the most liquid market on earth. This means that you will be able to enter or exit whenever they want to trade. It may be less likely, and there is no regular trading limits.

Here are some other clues that you can find in the Forex Income Motor Trade Alert software so you can make money in Forex market and be good at it:

1st The first and last ticks will be expensive. So, for most traders, the rule is getting in late and leave early.

2nd When you lose, you want to prevent losing more money. Therefore, do not add money if you have lost.

3rd Select trades that move along with the trend. This can prevent the loss of money and increase revenue opportunities.

4th You can find a good number of methods you can use when trading in the Forex market. An example might be the Forex charts. For every speculator, a map is an essential tool that can be used to show market trends and accurately predict the future asset value of the currency.

These are the tactics and tips that you should keep in mind to be able to reduce the possibility of loss in Forex trading and maximize your earning potential. Determines your skills and how you implement the strategies, you'll be able to definitely be a lot of money in the Forex industry.

Forex Technical Analysis - About Numbers

2011-05-16T15:18:00.002+07:00

In calculating the risks and rewards of any currency transactions, Forex technical analysis will be the main go. Technical analysis includes all numbers and statistics of market information. This is the most solid details that you get in terms of generating forecast the currency market trading. The data that goes into the development of these tools over the past market data, supply and demand volume, quotes, charts, indicators, etc. They come with these numbers and data can be real-time activity. Getting help with some software or market reports can go a long way to ensure your success in Forex market.

Forex technical analysis is often the type of analysis that can stand alone as they make decisions. These data and information may be enough to create wise decisions about resource management in forex. Other forms of analysis can add to your own conclusions, but the technical data is considered as a form of a comprehensive market analysis.
Some basic analysis such as searching on world events in the economy, while in other markets and trends is another major indicator of trends in the market. This in no way hurt to get as much information probably before you make your choice. But there should be an equal balance of attack whenever I see a fantastic move.

You'll find quite a few types of software programs available to assist you in determining the forex technical analysis. Indicator software was developed to help you identify the key elements of the market that can have an impact on your trading. Expert Advisor software can make a software program indicator even more powerful. Calculators of all types are great to keep around so that you are able to realize their own risk, reward, or other factors. Pivot point calculator to show what is probably the most important market trend points that may have an effect on your transaction. PIP calculator is a valuable tool in helping you to know the exact equivalent of the dollar amount of the pips so you'll be able to make an excellent give and offer.

Elliot Wave Principle is a type of forex technical analysis that traders can use, so you can analyze, predict, and make wise trading decisions. It tracks the market cycle, market history, high and low prices, and investor psychology. Ralph Elliot, a skilled accountant, developed these principles in the 1930's. They were well known, since their inception. You can find daily reports on the internet that are based on Elliot's advice to guide you in understanding market trends.

Intro of Swing Trading

2011-05-14T15:39:00.004+07:00

Swing trading is considered as a relatively speculative form of action when it comes to money markets, since it involves using instruments such as indices, equities, currencies and commodities, and repeatedly getting and selling them, or at or near the very end of the up and down price swings, usually caused due to volatility in the price. These positions are usually held for longer than every day, but for shorter periods compared to the trend-following trades and buy-and-hold investing techniques that can sometimes be designed until many months or years, numerous.

In swing trading, profits are capable of becoming sought any involvement in long trading or engaging in a short period of trading, depending on preference. You'll find different approaches to trading that can be used, depending on the retailer. One of the truly typical trading techniques in order to use a certain set of objective rules for the acquisition and sale. It was used by swing traders from the fact that the rules can get rid of all subjectivity, and the typical labor-intensive analysis and emotional aspects that are associated with this type of trade.

This is just one of a widespread method that traders engage in this kind of speculative trading, however. Trading rules are mainly used to be able to produce a trading program or trading predictive algorithm, which can then be further defined as a computable trading rule using fundamental analysis or technical analysis, which resulted in the sale price points for entries, exits and stop losses. You will find many different variety of trading algorithms, and they are not necessarily exclusive to the idea of swing trading.

They are also actually used in other forms of trafficking in the same period, including a long-term trading and day trading. Investments in these sorts of algorithms and systems are skyrocketing because people are trying to better understand how to achieve success in trade. Once you have determined to embark on any sort of strategy for investment or trade, it really is important to consider all alternatives and options that gives you just before you decide on one path over another.

How to swing trading is highly speculative type of trading, it could be inherently risky, and as such, you need to think about the risks and rewards before you invest any amount of money. Discover what the risks are before investing.This would save disappointment if your initial trades do not go as planned.

21-7 Forex System

2011-05-12T18:19:00.002+07:00

This just simple system, based on MA's ... again. Using Exponential Moving Average 7-period and Exponential Moving Average 21-period. When fast MA cross slow MA it determines changing trend whether Long/Short. Fast MA above slow MA mean uptrend and fast MA below slow MA mean downtrend. After crossed usually price will pullback for retrace and that's time to open position. Better use buy/sell limit 10 - 15 pips, so you will get better level trade.

At gold circle, there's slightly decline movement from MA. We assume that it will triggered continuation. Then using sell limit at 20 pips above to make better level open position.

Get out or Move your SL if price break Slow MA in full candle or candle near Engulfing in full time bar, so its not change any form again.

Pic above just sample of Sell position, for Long there's not much different, just Fast MA must above Slow MA. Simply and nothing fancy stuff.

Free EA Forex Package

2011-05-10T20:58:00.003+07:00

Well i share something after lurk over, its not forex trading system, its 'shareware' EA thing but since this my personal blog and i'm not do it for any purpose, i think its not such a big deal. Lets say its just for educational, we try, got the benefit, then respect the developer like gentleman with purchase them. Forex is not like pick cat in bush, its such blurry world with many temptation. Then lets get started with this forex EA... one time offer.

Forex Blog - How to Spot Trade Setups Using Bar Pattern

2011-04-25T10:19:00.006+07:00

In the morning of forex blog writing, trading naked or based on trading system, sometimes we need little exploration to spot trade setup. In spite of rely on every bunch of mq4 indicator, every trading platform which so technically, it still feels odd when jump on trade but trending train already left off. Mainly factor was timing, so this forex bar pattern (that will help hopefully) is not new and not so fashion breaking, but it often introduces sizeable moves on price, so you catch a big deal here to know it.

So lets begin with basic definition: A double inside day, or bar, occurs when two inside bars appear in a row. An inside bar is simply a price bar with a high below the previous high and a low above the previous low. From the sample pics notice that the range of price bar number two encompasses price bar number one, and price bar number three encompasses price bar number two. It doesn't matter if using candlestick or bar chart as long you understand the definition. So far it easy to find this setup in stocks rather than in forex.

Forex Trading System by ZigZag

2011-04-23T10:03:00.002+07:00

Trading system using a mixture of Zig Zag is where every movement is perfect because it shows a glimpse of high and low but if you wish buy below and sell above it will get the opposite result haha and XpMa kind of like T3MA the movements smooth and flexible.

I'm not use this system, but i cans say like any other forex system was the main problem Pls ranging price move, sideways or whatever the non-volatility That ruffled our prediction. Maybe need extention Some technical analysis, use movement, like ABC or 1-2-3 or morning glory pin candle to percentage increase of success, needs a little effort but make new progress eh?. And maybe Used many pairs, 8 pairs That have little spread (Depends by broker), to seek every opportunity its more faster and got exact pair That Fulfilled criteria to open position.

Thanks for read this forex trading system.

Forex Trading System : Download Here
Forex Manual: Download Here

GBP/USD Set For More Gains After Breaking Out Of Sideways Range

2011-04-22T15:21:00.000+07:00

GBP/USD Set For More Gains After Breaking Out Of Sideways Range: "The pair has convincingly broken out of its sideways trading range to the upside following many weeks of being trapped there. This technical development has opened up risk of further strength towards the 1.6720 level, its Nov 11’2011 high."

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Market Preview - 3 things to worry about this weekend

2011-04-22T15:06:00.000+07:00

Market Preview - 3 things to worry about this weekend: "There are always major stresses involved when leaving positions open during the weekend. There is always the worry that something will happen when markets are closed which could causes huge gaps when Asian markets re-open on Monday.

Of course, you can try to secure protection through stop losses..."

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Best Forex Pattern Ever

2011-04-01T13:29:00.003+07:00

There's nothing more you need it in forex, everything that you wanted as best 'tool' for trading was here, simple and profitable. This pattern will blow your mind away. I hope you enjoy it and find your grail...

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*cough* 1 April *cough*

Alternative Support & Resistance

2011-04-01T11:23:00.000+07:00

Hat-trick post with support and resistance, horizontal level is so simple and so powerful... yet. Too simple you become uncertain too complex become obscurity, balance is the key, so its better not just with support and resistance but use another sign as trigger.

This support and resistance indicator is like alternative way for see where area hat many trader will bought or sold. The level calculate by timeframe H1, H4, Daily and Weekly. Example, if H1 and H4 mark the same level, it have possibility that price will bounce. Sounds good for scalp...

Download Here

Super Support And Resistance Level

2011-03-31T13:12:00.003+07:00

Forex have important level where price action will 'dance' for continues or pullback. Also important for us to take every value information that giving from that level to make decision.

This Indicators Show You most of Support and Resistance Levels on your Chart. It calculated more than 180 levels and combine them in rectangle with High (Step) pips. Every level in any rectangle will increase depth of color and became wide to show this rectangle contain more levels on it, that level means became so important level. Look to indicator properties to know what kind of Levels that this indicator Combine it together. This version Contain New Levels.

Download Here

Forex Indicator Hidden Level

2011-03-30T14:52:00.002+07:00

This support and resistance forex indicator didn't like any other. It create support and resistance in unique price level, its not like simple open price daily line or top and bottom daily. My guess is every level calculating by daily range, when range daily movement was narrowed then in next day it become line with thickness become narrow too.

Additionally we can take OP in breakout and TP in next dots line. But if daily range movement became wide, we can watch price action in every lines. Its one of good forex indicator that give alternative TP level.

Download Here

Forex Trading System by MA

2011-03-28T11:34:00.001+07:00

How many times i read and view forex system based by MA. Even more custom and modified came like flood, MA is still most sophisticated and also simplified at first. I post about article about Wilder before, and now i want to put something that quote from Wilder's book. He use 13-13 MA as tunnel, i don't know formula behind that number, anyway he use that as determine trend.

EMA we are using Wilder's moving average to filter the noise signals and to make the trading system better than 5-13 EMA-Offset Channel Trading system and to produce a distant signals compared to 5-13 EMA-Offset Channel trading system

Default Buy and Sell Rules
1)Buy if the candle closes above the EMA Offset tunnel
2)Sell if the candle closes below the EMA offset tunnel
3)Trailing stop loss is Lower tunnel Value in case of Buy Signal and Upper tunnel value in case of Sell signal

RSI Custom Forex Indicator

2011-03-27T09:12:00.002+07:00

This indicator will indicate when to buy or sell, in glimpse it feel like Laguerre and also there varian for Laguerre RSI. The rules in default was...
When Green Line is More Than Zero Level ... The Trend is UP.
When Green Line is Less Than Zero Level ... The Trend is Down.
http://www.blogger.com/img/blank.gif
But the funny thing is when i put MACD it perform almost the same way like this RSI when crossed center line. I don't know how the formula or maybe its just move occasionally.

Download here

MACD Ichimoku - Forex Indicator

2011-03-26T14:11:00.000+07:00

Credit to Brooky credit of this forex indicator. The MACD is one of the stable indicators around which many forex strategies have been developed.

In an attempt to apply some market sentiment indications to it I decided to apply the Ichimoku concepts to it's values. Instead of re writing how to use Ichimoku I suggest you have a look at an extremely good source of information at Ichimoku Wiki and you can then read this indicator with a full understanding.

n.b hm... i like this indicator look more how it handle market.

Download Here

Ichimoku RSI - Forex Indicator

2011-03-25T11:05:00.000+07:00

Credit to Brooky credit of this forex indicator. It is based on the standard MT4 Ichimoku Kinko Hyo indicator but I have designed it to track the RSI values instead in a sub window.

You can use it as confirmation of other strategies, or if you are a dedicated Ichi user you can use it as a fantastic adjunct to your Ichi charts.

The one thing I have noticed, and I have displayed in the charts below with a live trade I took, is the great signal that the GREEN Chinkou Span line gives to show tops n bottoms or a momentary consolidation in a trend.

Another point that often yields a good move is when all three lines break through the clouds at once in either direction as per when I took the trade shown. Works well if you can see that pa has a little room to move (13 pip minimum) to resistance. Incidentally I closed the trade on the confirmed reject of the 70 rsi line as news was moments away and I ended up with a nice little pre-news range scalp.

When putting on your chart, just change the last color to the color of your chart to float the clouds.

Download Here

LFH Trading Simulator - Become Trader Pro Faster

2011-03-24T10:25:00.000+07:00

Old stuff but important thing in my arsenal, same as ransom in soldier pocket. Get experience faster in forex trading before come into live. You can enter and exit trades like you would in a real market, so it gives you a more realistic feeling.

You can speed it up, and slow it down as well. I have been able to practice trade a month in about 1 hour using this tool.

The system runs in MetaTrader 4 - You can get a free demo from most metatrader brokers. Or right here at metaquotes: http://www.metaquotes.net/

Experience takes everything in market. A trader who has spent many months trading a live market will have a feel for the market that is almost impossible to explain.

Get more grasp on market movement and get feeling when it turn upside down. If you have this experience, you will know exactly what I'm talking about, if you don't have it yet, you wont.

A live market is very different from looking back through charts or backtesting. When you backtest, you can see the bars that are coming, and there is no real stress involved. It's easy to see what signals would have worked, and which ones did not. When it comes to trading for real, you can't see what's coming, and that is a very different dynamic indeed.

Using this tool, you can trade a few months in only a few hours and then easily print out the results, and see how you well you did. You can also make mistakes and recognize them in a safe situation.

Granted it's not as real as using live money but its 10 times more realistic than backtesting. If you treat it as a challenge, it actually creates a pretty realistic view of how well you could potentially do with any system or method.

Really great stuff for newbie and pro to evaluate their trade. Live is important but this stuff will keep your margin blown away in future.

Just put every files in right path, exactly like words on every folder.
Run metatrader, view Strategy Tester Box with Ctrl+R, choose LFH in expert advisor option, choose symbol/pair, choose period, turn on use date option for time backtest, and turn on visual mode. Then... start.

Make sure your CPU have enough RAM to run or it will slow down.

Click Here for Download

Any Question? Ask in comment

Wilder's Volatility System

2011-03-23T12:37:00.001+07:00

Wilder’s Volatility System, developed by and named after Welles Wilder, is a volatility index made up of the ongoing calculated average, the True Range. The True Range is always positive and is defined as the highest difference in value among today’s daily high minus today’s daily low; today’s daily high minus yesterday’s closing price; and today’s low minus yesterday’s closing price. The consideration of the True Range means that days with a low trading range (little difference between daily high and low), but still showing a clear price difference to the previous day, do not enter into the calculation with an erroneously low volatility.

n.b Its always about ATR.. sometimes i calculate value 2xATR as TP.

Click Here

DOKG System

2011-03-22T13:28:00.000+07:00

Not good name for system, it just my another invention combining KG indicator and Doda indicator equal DOKG. Based on stochastic and this is another variant of stochastic indicator. The normal stochastic indicator gives buy, sell signals many times even if price is trading on single direction. This indicator gives less signals i.e. filters out false signals and gives clear alert on screen for buy or sell.

KG LSMA Weekly is calculate average movement based on time weekly, MA always move static even if change the timeframe. MA for trend obviously...

Price above MA then check Stoch Green crossed Red then BUY,
Price below MA then Stoch Red crossed Green then SELL.

Reccomendation timeframe H1 above.

Combine with other indicator ?? Up to you for used it...

Download Here

Donchian Buy Sell Signal

2011-03-21T21:15:00.000+07:00

Known as Doda Donchian, perform single indicator as system. Doda-Donchian v2 created by Gopal Krishan Doda. It simply made buy/sell signal after breakout median channel, for exit or buy/sell stop use support and resistance line. Nice thing is this indicator calculate profit or lose based on past setup trade.

Download here

FX Friday

2011-03-20T18:41:00.005+07:00

This indicator is based on the FX Friday forex system where users are required to enter chart data into an Excel spreadsheet manually to determine valid signals. With the NexGen4x FX Friday indicator, you no longer need the spreadsheet and everything is calculated for you automatically. Installer includes the indicator and template file.

Watch the rules carefully...

* If a valid signal is found, you will see the details in green listed in the "Results" column.
* The Indicator always uses last weeks data to generate the signals except on Fridays between 18:00-22:00 your server time.
* Trading time is between Friday 18:00 to Monday 10:00 each week.
* The indicator will keep track of it's signals. If the high / low has not been touched you will see "Winning", otherwise you will see "Lost".
* The "Current High/Low" shows how close the price has come to last weeks high or low.

The installation file includes the indicator and a template.

n.b This system is almost same like KD or 'Karl D*tmann' system i know. Logic based on last week data using spreadsheet. So far i know, this system used for BetOnMarkets, for forex trade generally maybe you can use that as support and resistance, if price not touch that level then buy or sell stop.

Make sure your pair symbol that needed being turn on.

Link Mediafire

Other Link

Get PRN Data from Metatrader

2011-03-20T15:57:00.001+07:00

It's kind of boring topics but sometimes i find it necessary. PRN data is like csv we get from excel, csv store history data from Metatrader 4, this data was free but some trading platform lack of tick data. Not like Metatrader 4 that get free data, for example, MetaQuotes or Tradestation need tick data from third-party agent that provide data. So if you want to get free data for other platform, we can use MT4Data indicator for get history data (that store in your platform) in MetaTrader and convert into .prn data.

Just use it like general indicator and choose timeline year and bars that will generate in .prn data. And .prn data will available in your instalation directory, mostly in, e.g Program Files\Metatrader\experts\files

If you need it, download here

Simple Forex Trading System

2010-10-09T06:55:00.004+07:00

In this October so rainy days i see, with more thunderstorm and internet become vulnerable by circuit problem, and me some of cough problem. My work hour decreased, it not be the reason to sleep more though. By the time more trading system came up, literally this system didn't need hundred page of manual.

The core of system was Damiani, it using volatmeter which basically based on volatility terms that used to filter market either ranging (not enough volume to make movement) or trending (ready to make big move). Easy to grasp the meaning when the green line is above the gray it indicates high volatility, when the gray is above the green it indicates a ranging market.

Every indicator, we know its so "human" and it still goes wrong sometimes or mostly. And yes we must get used to it rather than put another indicator until chart full enough to make crash. Any system need times to get hang with... before find the best part of it.

DOWNLOAD TRADING SYSTEM : CLICK HERE

Create Forex Trading System

2010-10-03T18:04:00.002+07:00

What first come in your mind when create forex trading system? Win percentage... More pips... What is your goal with your forex trading system? win and repeat... 50% weekly. Different head with different answer so there's some lead of important point that used to defined which is your forex system will be usefull or not.

1. Trend

This is where you should going to be, ride along the trend. No matter whats gonna happen, trend always the safe way to make sure you in right path. Most forex trader know, every market in forex have unique characteristic compared to other capital markets, and guess forex is a highly trending market. Every timeframe you choose there always a small trend that will lead market into up or down. Its an art when you try to identify trend in forex and jump in edge. So how your ways to identify trend? Most trader use trend line or lagging indicator such as Moving Average, Linear Reggresion to dientify trend.

2. Momentum

Momentum in forex is time where the market will change, its so important to remember when and where the probability will increase that make the market move, it can reverse or continue. Actually there's a way to identify and its not guess by flip coin. There'll be some pattern or news that consolidate before momentum happen. Any factor techincal or fundamental can become a trigger. In technical most trader use Stochastic Oscillator and RSI.

3. Market Strength

When market goes into momentum and make a move there will be time where market goes slow and move flat before goes run again. There's an indication the market strength is lack of surpress to move further and as warning that market will turn back. So the stronger surpress of market strength that will give you more count of pips. Sometimes its hard when to tell when the great time that give plenty of pips. But it can identify by Money Flow Index (MFI) or Chaikin A/D Oscillator.

4. Volatility

Volatility came up with Bollinger Bands, is a band plotted two standard deviations away from a 21-day simple moving average. Because standard deviation is a measure of volatility, Bollinger bands adjust themselves to the market conditions. When the market becomes more volatile the bands widen (move further away from the average), and during less volatile periods the bands contract (move closer to the average). The tightening of the bands is often used by technical traders as an early indication that the volatility is about to increase sharply. The closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

Above was some of factor that needed to create your own forex trading system, its not so detailed and clear but i hope it give some insight. Forex system is a must have by trader but not always by purchase. Some times its better you know all behind your system... afterall is not the system but you.

Multi RSI System

2010-10-03T16:20:00.002+07:00

One man with innovation create an indicator which developed by J. Welles Wilder, the Relative Strength Index (RSI) commonly known as standard indicator that available in every platform nowadays, this is a momentum oscillator that measures the speed and change of price movements.

After that intro, next part is create system that combine by multi RSI, generally we use information when all RSI in same way or same color, it can green as sell or red as buy. Also there's another indicator as additional information to take position. Looks neat chart but if you got confuse maybe change monitor will helpful...

Dowload here : CLICK HERE

Scalp System

2010-09-29T17:21:00.003+07:00

Scalper, Scalp is fast pace to get pips, because it so fast it really need more attention, small pips but it takes position more than intraday or conventional trade. In other say, scalp is more trade than more pips. This scalp system use in M1, not recommended higher than M1 maybe in MT5 there will be more option to get fastest time frame... and EURUSD is preferable because of small spread (1 or 1.5 is good). This system also using Fibonacci as setup and all manual will give more clearly in download packet.

Enjoy....

DOWNLOAD : CLICK HERE

Intraday System

2010-09-28T14:52:00.005+07:00

This system used in M15 so i can say it intraday, its kind of trend trading system, trend still best chance to keep you in right place. It combine with LWMA and MTF RSI and MTF SAR. Rule is simple, keep focus on RSI, when above 70 is overbought and looking for opportunity to Sell, and when below 20 is oversold looking opportunity to Buy. My opinion this system is not too handy... simple but didn't give a good shot, but probably you will get it better than me. And last... thanks for visitor that give me some 'coins' by Ads and keep look my web...

This packet include manual and template. Enjoy...

DOWNLOAD : CLICK HERE

Wolfe Wave System

2010-09-14T21:25:00.003+07:00

Talking about market formation, the basic is bar and candlestick but now more combination has been created. Some of them is so popular like 123 combine with fractal etc. Also with formation called Wolfe Wave introduced by Linda Raschke.

"The key to recognizing the setup is symmetry. Ideally, waves 1-3-5 are established with very regular timing intervals between moves. The other key ingredient is that the wave 4 should revisit the price range established by waves 1-2 for the best results. Another way to describe the pattern is that it comes as a rising wedge / channel in an uptrend, or falling wedge / channel in a downtrend. Wave 5 is often a false breakout move beyond the bounds of the pattern. Unlike either bull or bear flags, the movement is in the same direction as the overall trend, with the overlapping waves giving signals that an impending reversal is taking shape. This pattern has different names, depending on the source - Larry Pesavento describes the pattern as "3 pushes to a top/bottom" and uses Fibonacci relationships to confirm the setup (waves 3 and 5 are 127% or 162% extensions of the previous pullback.) Jeff Cooper uses "Cooper 1-2-3 swing" nomenclature, and Linda Raschke likes to call this setup "3 indians". The unique quality about wolfewaves, however, is the objective target projection from waves 1 -> 4. " -chart.nu

Example of trade :

Yesterday wolfe wave use manually, but now language-technology indicator has been capable to do most of wolfe wave task, it have different varian indicator, however it still need more touch in coding.

Wolve Wave Indicator : DOWNLOAD HERE
Wolve Wave System Ebook : DOWNLOAD HERE

Share Indicator

2010-09-08T15:23:00.003+07:00

First indicator named Fractal Line, automatically draw line by Fractal point.
Second indicator named 3D Oscillator, smooth curve than regular oscillator.
Thid indicator named Forecast Oscillator, it can cross fast than conventional oscillator, sometimes predict movements before it happen.

I still try to combine it seems to be great trading system that use in H1 and catch plenty of pips... sigh i'm not do much online activity for now...

Download here : DOWNLOAD HERE

ROI Forex System

2010-08-01T10:20:00.001+07:00

ROI in here not means return of investment, its only name of the forex system, probably a good one. This main system is about support and resistance, using much of breakout price action. Basically use 3 custom indicator, its better than too much combination, makes clean chart.

Planning explained, you will see the dot become support and resistance, price will move inside the SR and when gained a thrust price action will break either support or resistance, then we take position.

How to trade this system ?

Pic below will explain how to OP Buy, Sell, place SL and Exit

Here's illustration of Buy

Here's illustration of Sell

Here's illustration of Exit Buy position, same rules for Sell

Notes :

1. You can also use past support or resistance as TP
2. You can change the T3 with other line indicator like MA(100) as alternative trend indicator, if looks flat bigger move probably will happen
3. Probably tighten support and resistance will make a good setup
4. Always use SL
5. Use in demo first or trading simulator

Download the forex system : DOWNLOAD HERE

Hope profit with us...

RSI Forex Trend System

2010-07-28T08:24:00.005+07:00

This forex system use modification MA and RSI. Sometimes RSI is too choppy for trading, but with a little tweaking it possibly for long term. Generally RSI have a level overbought and oversold, but now we not use level instead of color bar. Simple and easy to use. Talking profitable or not, figure it by yourself.

Green arrow + Green RSI = Buy
Red arrow + Red RSI = Sell

When RSI turn gray, close position or don't do trade.

Important notes :

Better wait for a little pullback before enter trade position. And wait for the gray (or opposite color) bar to close before exit, the RSI can repaint a bit, so sometimes the colors with flicker green/gray or red/gray. Just wait for the current bar to close to confirm color.

You can combine with another indicator that feel comfy to use. Have fun...

DOWNLOAD HERE

Channel Trading and Indicator

2010-07-18T22:07:00.008+07:00

Trendline is basic technical analysis, very simple, it supposely draw to help see current trend and the line as confirmation support or resistance. First line connected by lowest or highest swing point one to another, at least two price point, soon or late next swing will happen and time to make conclusion price respect the line or not. The result will be reversal by breakout or continuation of trend.

After make trendline, generally connecting two support point, and now add two point of resistance, it will drawn a channel and there's space between support and resistance as price range, between that range there's center line known as pivot. Channel will usefull as breakout trigger or bounce price between range.

In practical one trader to another have different view to draw trendline. Trendline can be different by timeline factor, trend in M15 definitely look different in H1. For solve that problem, most trader use bigger view as trend and small view as confirmation, H1 as main trend and M15, M5 as confirmation.

Now i found something that interesting for make channel setup easier, these indicator might come in handy for draw many different times setting in one chart. Hope it helps to predict the market conditions.

Hours Channel

This indicator is modification of SHI Channel, you can put any channel based on time bar. One of the best channel indicator and also free.

DOWNLOAD HERE

ZZ Channel

This channel is made by the highest or lowest price that ZigZag belongs.

DOWNLOAD HERE

SS Channel

Don't get fooled by exact 100% of pointing arrow. This channel based on SuperSignal, its not secret anymore if this indicator repaint badly. But who knows, maybe you're the one that can use it profitably.

DOWNLOAD HERE

MW Pattern Strategies

2010-07-18T08:31:00.001+07:00

As forex trading system this pattern seems easy to recognize. I didn't take times to make setup. It seen at top that looks like an “M” on the chart while a “W” pattern signals a market bottom. Sometimes these patterns manifest themselves as a double top or double bottom or they may be part of what traders call a head-and-shoulders pattern.

Market advances tend to get carried away with themselves sometimes as traders scramble to get onboard the uptrend while they can. Eventually, the market absorbs most of the buying interest and hits a peak, then starts to lose steam as there aren’t enough buyers left to propel the market higher.

Those holding long positions may also decide to take some profits, adding to the downward pressure and creating the first leg of the “M”. Prices drop back until they reach a point where buying comes back and the market begins to climb higher again after posting an interim low. If this new rally moves above the first high, the market may be on its way to forming the head of a head-and-shoulders formation. In many cases, however, the second high is below the first high or perhaps at about the same price level as the first high. Then, buying fades and prices begin to sink again, starting the second leg of the “M”. Nice strategies also part of trading system setup.

Hidden Strategies of Stochastic

2010-07-12T11:54:00.000+07:00

I have post before about different methods of stochastic, stochastic is basic stuff in any market instrument to identified trend strength by overbought and oversold. When market overbought trigger by 80 line in Stochastic, we expect the reversal down. When market oversold trigger by 20 line in Stochastic, we expect the reversal up. After several times using Stochastic, problem might appear which Stochastic act weird when market rally, expecting 80 / 20 line as reversal trigger but it goes wrong direction. Market still rally and never reversal, leave account in red condition. Learn from mistake again...

Now i sit and watch the market, what stochastic behave in trending market.

Now we look in area that should be overbought will trigger continuation. Price failed to go down and Stoch crossed happen and price raise more...

We look again when market down and after Stoch crossed at area we should expect oversold, price still falling down.

Example an entry :

IMPORTANT : Make sure the price not make breakout before the Stochastic get crossed, leave that trade if happen. Look this example...

Use TP and SL ratio 1:1.5, if SL 30 pip then TP 45 pip + spread. Or another SL TP that fits you well...

Doji Strategies

2010-07-05T09:19:00.011+07:00

What i like about candlestick it can provide more information in glimpse of eyes. Many pattern build by candlestick such as Inside Bar, Outside Bar, Spinning Top, Double Top, Morning Star etc. Here i want share about Doji pattern which not happen really often but can give more winner probability.

First you may know Doji as seen here :

other form of Doji :

Sometimes looks like 'Cross-hair', anyway The Doji give us information about actual price in state of balance or indecision before next big move, continuation or reversal.

Note: a candle with a body of just a few pips, 2-4 pips, is considered a
Doji.

After understand about Doji, a real strategies start here. An important part is find 2 Doji in a row.

1. Find strong movement, up or down.
2. Spot 2 Doji in a row position.
3. Make the setup line High and Low of 2 Doji.
4. Make an entry position
5. Put SL, Put Profit

An example :

We find 2 Doji after an uptrend.

Mark the highest and lowest body of 2 Doji.

Entry when breakout and put SL.

Scenario of TP.

Done. Works in many pair with TimeFrame H1 and above.

Counter Trend

2010-03-27T20:53:00.009+07:00

I like to see what behind term of counter, reminds me of 'counter-strike' games... as Counter-Terrorist we must eliminate the terrorist and aim for conducive situation as winning result, anyway it still far from the counter trend meaning. Investo-pedia says... Contrarian investors perform counter-trend trading strategies - purchasing shares when prices are low and selling when they're high. The investor receives smaller gains since the full market swing is not recognized. Many counter-trend investors use momentum indicators to determine the best times to execute their trades.

The simple way of counter-trend, that we not recognize the trend, we mostly open position that opposed from direction of trend like we know the turn point, as long market have significant movement, counter trend will be there. When market in sideway condition counter-trend had advantage to sell at high and buy at low, but when market in trending, counter-trend must tight the seat-belt.

That pic sure give us illustration of real drawdown, especially for Sell, when using counter-trend in trending condition.

Now, i'll show the sample system of counter-trend using MT4...

I use Bollinger Band, why bollinger band?? i think this indicator is reliable to recognize trending or in sideway, in term of Bollinger, trending is... i generally definite trending as condition when price goes out from Low or High 'Bollinger Line', it known as 'Abnormal Condition'. And when the price inside the "cage" of Bollinger Band, the price is in 'Normal Condition'. Normal Condition is the best time for counter-trend trading, because we know when price inside the cage of Bollinger, price will move sideway, in same range movement for a while.

The setup of system :

1. Bollinger Band Green period 20 (default) and Bollinger Band Blue period 60
2. SMA 7 and SMA 10

Rules or trade condition :

1. Make sure price inside Bollinger Band, also Bollinger Band 20 inside the Bollinger 60
2. Make sure both of Bollinger move Flat and not 'Squeeze'
3. Tight the SL because we buy at low sell at high, there's no reason for 100 SL
4. Lock the pips if afraid to get loss, though it small loss

The entry of buy is :

The slow MA crossed the fast MA, the condition of slow MA is up from fast MA.

The entry of sell is :

The slow MA crossed the fast MA, the condition of slow MA is down from fast MA.

Take Profit when MA crossed to opposite from your trade position, or when touch the Low or High Bollinger.

That's it, hope my article give an inspiration... Let's make good pippin...

Moving Average Strategy

2010-03-25T16:41:00.007+07:00

We all know about moving average, most strategy using this basic indicator. Crossed moving average is the simple strategy, when the short-term or fastest moving average cross the long-term or slowest moving average then look for open position. But don’t use it without another analysis… you’ll see much false position lead into losses.

Also we know that moving average is lagging, but the fact is moving average not suppose to be called as lagging or useless indicator, moving average do exactly the math of code then give us the result of average movement, always no repaint. Lag better than repaint, but lagging whatever it called just an expression that the indicator can’t give more like we want, all out-of-line that indicator capable. So how to solve it? Try combine it with other indicator or technical analysis...

Technical need :

• Trend
• Momentum
• Market Strength
• Volatility

Ok now, below is an active intraday trend following strategy that can be setup and traded from a 10-minute or 15-minute chart as shown.

Place the following indicators on your chart :

• 5 period Weighted Moving Average (WMA)
• 13 period Simple Moving Average (SMA)
• Slow Stochastic (8,3,3)
• Relative Strength Index (13)
• MACD (6, 34, 7)
• Average True Range (10)

Rules of this Moving Average Crossover strategy :

1. Trade around the opening of the European markets (1AM-3AM Eastern).
2. Trade around the opening of the U.S. markets (8AM-10AM Eastern).
3. Trade at times when there is apparent strong market volatility.
4. Use a Stop-Loss of your choice, but not more than 25 pips.
5. Exit the trade at predetermined take profit points between 20 to 50 pips.
6. You may choose to exit when the indicators begin to reverse.
7. Also, a trailing stop can be used to manage the trade when it is in a profitable position.

A Buy Entry signal of this Moving Average Crossover strategy is:

1. 5 WMA crossed above the 13 SMA
2. Stochastic is signaling up
3. Relative Strength Index > 50
4. MACD histogram > 0
5. MACD averages crossed up
6. Average True Range > 0.001
7. Average True Range is rising

In the chart below, the vertical magenta lines show all indicators in alignment for a Buy Entry Signal. In this example, there was a Buy Entry Signal during the opening of European markets as well as the opening of U.S. market.

A Sell Entry signal of this Moving Average Crossover strategy is:

1. 5 WMA crossed below the 13 SMA
2. Stochastic is signaling down
3. Relative Strength Index < 50
4. MACD histogram < 0
5. MACD averages crossed down
6. Average True Range > 0.001
7. Average True Range is rising

The vertical magenta line in the chart below shows all indicators in alignment for a Sell Entry Signal during the European markets open.

This Moving Average strategy can be modified to fit your trading style by adjusting the settings of the indicators and selecting the time period you prefer to trade. Remember, a good technical trading strategy employs Trend, Momentum, Market Strength, and Volatility indicators to give you the whole story from different viewpoints.

Hope this information give you inspiration... good trading...

DOWNLOAD TEMPLATE : DOWNLOAD HERE

Kenacci Method

2010-02-24T14:52:00.003+07:00

This about past story, long time ago i meet someone in forum, sad the forum has closed, lets say he fans of Fibonacci. He always used Fibonacci method and met a success. He clarified 85% win ratio (if i not false), in 10 row he just got 2 or 3 false open position, but he always make the lose into profit. Until he shares the information of what exactly he's doing...

This method is simple 123 with Fibo and candle pattern (no indicator). So lets learn about this method.
# Find swing high and swing low.
# Draw fibonacci retracement, use swing high and swing low
# Find Spinning Tops candle at 50% area
# Find confirmation candle after that (BULL or BEAR)
# Make PRICE PROJECTION with fibonacci expansion. Use Swing High and Swing Low. First PRICE PROJECTION in FE 100 and Second PRICE PROJECTION in FE 161.8
# Take action After confirm candle (BUY or SELL)

That's it, 3 thing you must remember as your rule to trade

* Don’t trade if not find reversal candle
* Open 2 trade with same SL and different TP
* If one position hit first TP then move SL the other one to BEP +or- 10 pips (depends the action …BUY or SELL) if BUY move SL to BEP+10, if SELL move SELL to BEP-10. and wait till TP2 is HIT

This trade method with any time frame and any trend (sideway or strongtrend). Bigger TF Bigger TP Bigger Risk. Smaller TF smaller TP smaller Risk.

Example of trade open position :

Personally i like this method, simple and not much indicator...
Hope this information give you an inspiration.

Forex System Elliot + MA + Juice

2010-02-01T09:02:00.001+07:00

Like the title, this system need indicator Elliot Wave Oscillator, Moving Average and Juice.

Insert into chart these indicator :

1) Exponential Moving Average EMA (200), applied to a close, the color blue.
2) Exponential Moving Average EMA (50), applied to a close, the color red.
3) Oscillator Elliott Wave Oscillator.
4) indicator of the level of Juice 0,0004.

I already put the template inside the download package.

So the condition to BUY :

1) Price is above the 2 moving averages EMA (200) and EMA (50), and the trend is upward, as indicated by the intersection of bullish Moving Averages (red above blue)

2) Oscillator Elliott Wave Oscillator crossed its zero line and closed above it.

3) Juice indicator is above its level of 0.0004.

See the example BUY open position...

Also with the SELL :

Open a deal to SELL is when the following conditions:

1) Price is below the 2 moving average EMA (200) and EMA (50), while the trend is downward, as indicated by the intersection Moving Averages bearish (red below blue)

2) Oscillator Elliott Wave Oscillator crossed its zero line and closed below it.

3) Juice indicator is above its level of 0.0004.

Take-profit as set on the value of 100 points from the entrance to the market.

Stop-loss, respectively - 20 points, trailing stop - 20 points

The pair that best was EURUSD, you can try with other pair but be wise with the stop loss that depends on every pair.

Anyway... don't put too much indicator, it will cause dizzy of pain, mentality not stable, and chart syndrome...

Download all indicator and template : CLICK HERE

3 Duck Strategy

2010-01-26T08:35:00.006+07:00

Well this strategy is simple, i like to keep it simple, and been shares out there, you can find this strategy got names...

My opinion this '3 ducks strategy', they called it, whomever is the creator, not mine, is quickly give an information best possibility to buy or sell, the way is we keep stay in main trend and get jump in right time.

This strategy needs : 4-hour (H4), hour (H1) and 5-minute (M5). Also we we will use only 1 indicator forex, which is available in any MetaTrader MT4 - simple moving average Moving Averages with a period of 60 - SMA (60).

What is the strategy of "3 ducks" ?

The first duck - the first step.

To get started, choose the 4-hour chart. We need to find a situation where the current price in the chart below is a simple moving average SMA (60). The situation we find an example - this allows us to predict the course of events in the market.

Step number 2 or the second duck.

At the H1 chart, we need to find a confirmation of information from the price schedule, ie, a simple moving average SMA (60) in this interval should also be placed over the price. If it proves that the current price in the chart above moving average SMA, we should not jump to the next stage.

Step number 3 or the third duck.

So, we see that the 4-hour and 1-hour price price moving average is below 60 SMA. Now we need to change at 5-minute chart and to wait when the price crosses the average of SMA (60) from top to bottom.

The deal could conclude as soon as the intersection of Moving at the interval of M5, but for additional confirmation is better to wait until a puncture on the M5 down past the minimum price. This would mean that at all three time-frames under consideration price is below the simple moving average, it is “3 ducks” are moving in one direction.

In this case (Sell), i simply say... its better if we wait the price crossed SMA (60) the 5-min from bottom to up then wait the price goes back, crossed again from up to bottom, its a counter to Sell. Or when the price goes bounce from SMA then its time to Sell. I think we must jumped right in the time...

Stop-loss strategies for forex “3 ducks”:

You have options:

* If you are a short-term trader, you can place your stop-loss insurance on a High/Low 5-minute or High/Low hourly price.
* If you are a position trader and trading in the medium, then perhaps you’d like a top stop-loss over the last maximum 4-hour price.
* Even in the same option - you can use a fixed stop-loss insurance size 25-30 points from the entrance to the market.
* In any case, for greater security and protection of its profits recommend using trailing stop with the sale (its size depends on the time interval and the volatility of currency pairs - 10 to 50-70 points).

Profit, you can trail stop/level or set to expand Fibonacci or take at Daily High or Low or maybe Swing High or Low. Up 2 you... as long never let your green into red.

For trading positions in the long side (for buying) - need to seek out cases where the price is above the simple moving average - 60 SMA at all 3 time intervals.

To select the best trade in the following currency pairs: EURUSD, GBPUSD, but it is possible that you can also work on the other currency pairs. Also, the best time to trade is the European and American trading session.

FX Multi-Meter 3

2009-12-30T16:57:00.003+07:00

Well, still got few times to post before i got call from people that i will help for preparing end-of-year party. I found an indicator that get packing neatly and eye catching, the innovation of multi-meter.

Look at the shape, its not a remote, scientific calculator or even multi-tester for electronic. Its full of indicator that have multi function to provides you a lot of information at glance. Normally you will do monitoring a lot of chart to get that information from many indicator. Good collection for indicator lovers. But, still with all that futuristic, i prefer in simple way trading. Though i admit multi-meter look great and looks expensive...

Don't forget to put it in expert folder and i suggest to read the manual first.

Download Link : DOWNLOAD HERE

More Info : Click Here

Renko System

2009-12-24T09:20:00.003+07:00

This forex system come from Renko Bar that have already post in here. This system started with old Heiken Ashi Smoothed, more or less like that. This system is still in concept, i forget where i get it, maybe you can tweaking a little bit to suit like you wanted.

From the screenshot it's looking profitable but not definite like that in the forward test. Get +100 pips a day is really phenomenal for me, skeptical, moreover if that's happen every day, cause i just got 16% increase profit every monthly is good enough. Yet again, waiting the renko bar complete the form is take a little more times than candlestick, i preferable renko script put in M1 Timeframe chart with option Offline Chart M2. Anyway just try it then, good luck with this forex trading system, and...

I want end this year with something nicely... '09 is a rough year for me.

Download : DOWNLOAD HERE

Maksi System

2009-12-18T22:01:00.004+07:00

A little sight about this system is related with Ichimoku but with a little modified here. Here's the full part...

At end of year maybe the player called 'forex dog' will spend some of free times out there. So do i, although not one of the important things in forex. In these times, US Dollar rise up after news about little banking policy that get critics by president spreading out as good reason for investor take position. Maybe it will strengthen Dollar until end of December. Or the technical will say conversely...

Now i come with trading system that always free to use without expired. Called as maxi system generation. In acronym as maxigen system. Technically this system based on breakout and KjunTenkan, part of Ichimoku, as trend finder. An example image included, it will give you brief description.

Download Here : DOWNLOAD NOW

New Domain

2009-12-03T20:21:00.004+07:00

I try to get new domain and change it for this blog, i thought it will be better than the old name, at least the name get related with the content. Well my page rank fall down into zero, i think its about backlink, it doesn't matter anyway, for now. I must fix it up later....

Introduce www.system-forex.info

Good luck with all of your trading

Advanced Trendline Strategy

2009-11-30T10:11:00.005+07:00

For make this system work, first you must know how to use trendline, probably like pic below...

Every trading strategies in here, don't take it seriously, i think trading strategies is media for educational purpose, the truly system is still man behind the gun i think, even with EA indirectly we set them to buy and sell according our instruction, so who choose to buy and sell is still yourself. By the way lets do some K.I.S.S, Keep it simple and smooth, in trading. Not have to use much indicator to step into advanced level... i suppose to be. In some aspect i agree, simple tools will come handy if use properly as planned.

A little trivia here...

This system based on Zig-Zag and Trendline, thats it. Like always before, it take more focus in support and resistance. Then lets grab the lesson...

Download here : CLICK HERE

Will Trading System

2009-11-28T23:00:00.004+07:00

Forex trading system needs to be simple so you're not difficult to make desicion when to enter and when to exit.

Once again, there's another system that i want to share, its almost generally same like the rest of forex system. Used to play with color, especially the match color to make buy/sell decision. Try to figure it out yourself, it doesn't take much time to work properly with system. All depends by your way to tweaking and make'em as private trading system. Maybe with a little bit of effort, this forex system will granted profit.

Good luck with your trading...

Download here : CLICK HERE

Profit Day Forex '09

2009-11-23T22:13:00.002+07:00

I just do a minor update, move this system into new page that can get easy look. There's not much words to describe this system, just take notes about the expert advisor. Inside expert files, see the 3 expert, all is different. Profit day pro is the automatic EA, the others EA have function Trail and TP. Looks complicated...

Download PDF'09 : CLICK HERE

Unknown Forex System

2009-11-18T20:33:00.006+07:00

Forex system is part of your plan to get profit, try keep stick to the rules, though live routine have consequences for missed chance several times that will decrease the success factor of forex system.

Then try to trade in fastest timeframe and took the trade by multi pair. M5 could be better to get plenty of pips but also have negative side in ranging... by the way try this system, read manual instruction and make yourself opinion.

Download here : CLICK HERE

Forex System

2009-11-05T22:37:00.005+07:00

Forex system has been... good commodity out there, its easy to create forex system in minutes, wrap it, change the name, sold it. One word that trader want, "Work", it doesn't matter how many times you must watch the system in chart, how difficult, prices, in the end it must work to grow margin account. I test so many system out there and it still had a long road to get done. Until the objective achieved i still try and try. Today i still share with something to try...

I've been focus in other project now and being so busy... i hope this blog will update every week.

DOWNLOAD SYSTEM : DOWNLOAD NOW

Still Remains

2009-10-21T08:24:00.005+07:00

After got several electric circuit problem all around my place now the situation back to normal again. To update and increase my posting count i like to share something, a little system for a lover indicator. I don't know the rules, you may figure it out after put in chart.

Download link : DOWNLOAD HERE

The Ultimate Technical Analysis Handbook

2009-10-06T06:29:00.005+07:00

There are hundreds of technical analysis methods -- some are incredibly valuable, others are flat-out worthless. How do you know which to choose?

In this 50-page eBook, you will discover some of the very best technical methods used by the top professional technicians in the world. You will learn which tools are best for analyzing chart patterns, which are best for anticipating future price action, even which are best for spotting high-probability turning points.

You'll get lessons on:

* Elliott waves
* MACD (Moving Average Convergence/Divergence)
* Fibonacci
* Trendlines
* Time Divergence
* Setting protective stops with technical analysis
* And more!

Increasing your probability to win without change your own way when trading. Good reading too...

DONWLOAD LINK : CLICK HERE

Quote Of The Day

2009-10-05T16:29:00.000+07:00

Essentially if you have a great system that has a 65% success rate which is pretty good really however you sleep even 6 hours per day. You effectively lower your trade expectancy and what in theory provides a 65% success rate may in fact become well below 50% because during your periods of down time you may be missing the best trades that allow your system to be as successful as it is, thereby exacerbating the poor trades.

Expectancy is one of the most important attributes to any good trading system and this is why you find the more experienced guys looking to trade longer TFs all the time. They know that even if they have the world's best short term trading system, they can never be there in front of the screen to take every opportunity that presents itself which thereby reduces the success rate of their system.

Try understanding...

New Ichimoku Indicator

2009-10-02T12:41:00.004+07:00

Ichimoku have a reputation as tools for professional trader according to the age of being used as indicator in many trading section. Most of people consider this indicator is hard to used and need more knowledge in technical analysis but the fact is most trader make good profit just used this indicator alone to make decision. It just need step by step comprehension to make Ichimoku as best partner in our chart. Thanks to expertise effort to modified this indicator and now its more easier to read.

Download link : DOWNLOAD NOW

Ichi360 Project : Here

FXDiamond'09

2009-09-30T06:11:00.005+07:00

I'm back with sort of article after holiday for a while. I like test or at least try a new system although i'll not use it if not represented my needs. In criterion, also we have different purpose when using every system, maybe some of people get light bulbs when use it. It will generate profit or ends in recycle bin. About the system, this one have much indicator, how to work is simple, all indicator agree then its time to take position, but all indicator performed looks same to me, when one indicator change direction is equal as all indicator change direction... or its just my mind.

For download : DOWNLOAD HERE

Minal Aidin Wal Faizin

2009-09-21T11:30:00.001+07:00

Mohon maaf lahir dan batin, Wishing forgiveness for all my rudeness. Hope it will be the great momentum to take back every opportunity, change into best form.

Renko Thread

2009-09-13T12:34:00.003+07:00

CHART CLEANED!

Enjoy your Renko MT4 Chart? Free and valuable tools huh !? If you like it maybe you want to following every progress in script development. Time by times the script of Renko takes some of modification. I've get everything about Renko Chart in MT4 from... Here

There's A Retrace

2009-09-09T15:04:00.002+07:00

Unlucky USDCAD bounce on the ground... lets see how it goes... cut my profit asap. Glad to get out in good position but today is not my day... got loss GBPUSD in first open position, now reverse my OP and choose target 1.6545. Goes there or not...

USDCAD Position

2009-09-08T15:01:00.003+07:00

Where are you gonna go USDCAD ? How deep enough USDCAD ? I don't know how much further this pair will going deep down... all i know is there will be a sign that perform as trigger for USDCAD to drill more down...

Forex Daily - September 07, 2009

2009-09-07T15:30:00.001+07:00

Anyhow, Friday's up move in stocks really took us right to the edge here. There's a good chance the run up will end up being chalked up to pre-holiday low volume optimism; however, any further bullishness in the real stock market on Tuesday will push the odds more in favor of higher highs on stocks before the downside gains more traction. I'm lowering my odds now from 70% to 70% that the 1039 highs will hold for the year, while a break of 1020 will quickly lower those odds to 25% and a break of 1031 will put it at 5%. On currencies, the EU and GU should see further upside short to medium term and I expect EUR/USD to break above 1.4450 this week. Gold is poised to climb higher as well and I also expect it to top its prior $1007 highs probably this week. With Monday being a US Market holiday there is no key news to trade on, and the price action is likely going to make less sense and be less significant than usual, so my focus will be more on what happens on Tuesday the 8th.

Thx to sir pipsalot

Renko Bars and How to Setup in MT4

2009-09-03T06:15:00.016+07:00

What is Renko Bars ? Its cubic brick chart without High without Low, just Body with size. Another reference... from Investopedia "What Does Renko Chart Mean? A type of chart, developed by the Japanese, that is only concerned with price movement; time and volume are not included. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels. Transaction signals are generated when the direction of the trend changes and the bricks alternate colors." Most like i said...

How to trade is simple, find and seek Support and Resistance in your chart to make breakout entry. Another way to trade is find strong trend Support and enter when bounce in trend line. Or take entry when reversal happen in strong Resistance. All method is so technically.

Ilustration of Renko Bars and how to trade...

Its look simple, naked, and seems works but... the bad news is MT4 generally never ever have Renko Bars Chart. Our only option is analyze in Candlestick Chart, Line Chart or Bar Chart itself. So how to generate Renko Bars in MT4? Some of great coder has did the job... what you only need to do is trying to make profit. Am i sounds trying to sell product ? That's question is not necessary for one year trader's. Just click read more and you will find something gifted... hopefully...

Download this MQ4, for this time its the best free Renko indicator i can see, put it in your MT4 Script folder, Renko v1.6 : DOWNLOAD HERE

Updated:
The latest version available to download Renko v3.2: DOWNLOAD HERE

Already put it in Script? Now restart the MT4, ok, first open a blank chart lets use GBP/USD in this sample.

Open your MT4 Navigator Window, select RenkoLiveChart Script... double click.

There are some option, we can change the value, or keep it in default...

but i try to make some of experiment...

Click ok then a statement appears at Top Left window chart. It have some of information...

Next open an offline chart window...

Search chart according to information in statement of Top Left Window....

Double click and... VOILA! Renko Chart is in front of eyes... not magic not scam...

The fun part begin... try to observe with many indicator, it looks different...

Promo Berakhir

2009-09-02T22:37:00.003+07:00

SFX Club menyatakan promo ditutup setelah 65 anggota terverifikasi dan sudah Done atau telah berhasil dijalankan EAnya. Hasil EAnya memang belum keliatan tapi diharap bisa lebih baik performanya... yang penting klo lagi rehat trading manual kan ada trading otomatis yang bisa nyariin rejeki 24 jam non stop lagi hehe, isnyaALLAH bermanfaat...

Promo dari Surabaya Forex Club - Promo Berakhir!

2009-09-01T05:41:00.003+07:00

Ayo lagi ada promo bagus... ada yang lagi bagi2 EA gratis... tinggal daftar dan jadikan SFX sebagai agent kita, maka dapet paket EA plus VPS sekaligus gratis bahkan di manged sama empunya, punya saya sudah Running Live... semoga konsisten profit, jarang2 run EA yang profit, lagian modal kecil... moga2 konsisten biar bisa zakat, infaq dan sodaqoh. Amin...

http://www.surabayaforex.com/2009/08/gratis-5-cukup-buka-akun-saja/

Promo memang telah berakhir tapi SFX akan mengadakan promo lainnya lagi...

Expert Advisor LIVE!

2009-09-01T05:08:00.003+07:00

It's been a long time i not test EA, EA has become urban legend in this industry, many EA is too good to be true except you have the logic and create it only by yourself or rent coder out there that trustful. Profitable is most wanted, what you wanted more? profit is more enough, but its just one from hundred EA out there that can make consistent profit. Its so rare thing, hard to find someone if not to say it as impossible that have enough big heart to share even sell it, its their asset for future no matter what. Some case poor of human desire to seek best of the best, holy grail... never end temptation. Some of goblin take that situation as chance to feed themselves, its worst.

I have point to run EA in live, first... it have tracking report live. Second, I can have access to the investor login to see how EA operate. Third, it managed by someone that have track record in trading forex, its like Semi Auto EA, we dealing to share profit. The rest is i must open new account with free bonus deposit then let it go... its zero risk game. Lets see how it goes until nex month, blow or consistent...

http://sfxea1chf.mt4stats.com/

Forex Daily - August 28, 2009

2009-08-28T13:54:00.000+07:00

Well, yesterday I thought it was likely we'd see a pop higher on the Euro and that would present a selling opportunity. It looks like someone big sold USD hard around 2:10PM EST today and it forced the Euro and most other pairs up over 100 pips in about 25 minutes. These illiquid summer vacation markets make it tough to set swing trades because the big moves seem to come off somewhat random high volume orders like that. In any case, the nice move up has presented us with better prices for a position trade sell; however, there may be enough technical strength behind it to turn the tables on the underlying trend a bit, so I'm going to advocate a wait and see approach and continue to hold short for now, but refrain from adding extra to it despite the nice price. Shorter term, look for breaks of 1.4338 to find follow through down and keep a close eye on 1.4450 if things stay strong on the Euro tomorrow.

In Gold and Silver, we continue to range, and my advice remains unchanged from the rest of the signals this week (feel free to check them on your own).

In stocks, we got even more choppy consolidation today, but again, the eventual break-out from this range will most likely be a break higher; however, once that break higher seems to be topping out, that may end up being a great point to initiate an ambitious position trade sell trade as the likelihood of a very large impending selloff starts to come about. In news Friday:

0430 UK GDP 2Q Prelim (-0.8% expected) -- We've seen a lot of news do poorly this week, but decent surprises on UK GDP have such a good track record that they should do well despite the current low volume conditions unless they're somehow leaked ahead of time.
If it comes out at -0.6% or higher, GBP/USD should rally 40 pips.
If it comes out at -1.0% or lower, GBP/USD should sell off 40 pips.

0830 US Personal Spending (0.2% expected) -- Personal spending numbers are coming out, but with Income and PCE data coming out at the same time, we could get a lot of mess and I'm going to recommend sitting this one out. Especially with the whipsaw type price action we saw with good GDP numbers out of the US on Thursday, but a bad deflator number... there's a lot of potential for whipsaws if any of the data comes out mixed.

Thx to sir pipsalot, fxpeacearmy, fxdiamonds.

Forex Daily - August 26, 2009

2009-08-26T13:53:00.000+07:00

As I've talked about so far this week, we've been pretty much expecting some 2-way action and consolidation from the EU and GU and that's pretty much what we've gotten. While I'm still not entirely sold on which way the next break will be, it seems a bit more likely that the next break will be lower, so watch 1.6274 on the GBP/USD and 1.4180 on the EUR/USD for confirmation of a clear turn lower that should continue over the coming days/weeks. A break of early August's highs around 1.4448 on the EU would negate that forecast.

In stocks, we're still likely in the final rally phase before the major turn lower, and this phase could last days or weeks. For shorter term plays, I would see any decent pullbacks or range-based consolidations as opportunities to go long on dips. If you do so though, keep a tight leash because if/when we start to near 1050 I'm going to look to start building a position trade short on equities if the setup looks right.

The metals look naturally unclear with the prospect of a stronger dollar and higher stocks pulling them in both directions at the same time. My recommendation is to hold a position trade short through the volatility because once things clear up, we'll be much lower than we are now and well underway in the ensuing decline. $991 and $15.20 in Gold and Silver are the spots if exceeded where I'll have to strongly reconsider that view, but as long as they hold... game on.

In news Tuesday, we had Consumer Confidence come in much better than expected, but the fact that it was coming in high was leaked ahead of time indirectly through an Obama announcement earlier, so much of the run up was unfortunately before the news, and the release itself was just a short spike and a reversal. That's usually what happens when such a report is leaked or there is a strong rumor that proves correct. In news Wednesday:

0400 German IFO Business Climate (89 expected) - This indicator has had only very small gains recently on less than 1.0 deviations, but the last 1.0+ surprise generated a pretty nice move, so I think that's a pretty good threshold to look for.
If it comes out at 90 or higher, EUR/USD should rally 40 pips.
If it comes out at 88 or lower, EUR/USD should sell off 30-40 pips.
If it comes out at 87 or lower, EUR/USD should sell off 40-50+ pips.

0830 US Core Durable Goods (0.9% expected) - This indicator has only been making minor price moves lately (20 pips or so) even on big triggers, so I plan on just skipping it until it does better for awhile.

1000 US New Home Sales (390K expected) - This report could see a good reaction with a smaller 10-30K surprise, but when that happens it's often hit or miss and even when it gets a good reaction, it can reverse after only a few minutes. I recommend just trading this one on a bigger trigger and staying out or focusing on technical trades if it comes in too close to expectations.
If it comes out at 425K or higher, EUR/JPY should rally 50 pips.
If it comes out at 355 or lower, EUR/JPY should sell off 50 pips.

Dorex Daily - August 25, 2009

2009-08-25T16:39:00.000+07:00

As far as trends are concerned, the EU and GU managed a rally a bit through the prior week's highs, but I'm not as sure we're going to get a turnaround south at these levels as I was last week. Because stocks have so resoundingly started their final thrust upwards, it places a bit of risk appetite pressure on the USD and puts the outlook on the Euro and GBP in a bit of a pickle where I'm not sure if 1.4450 on the Euro will be breached before a turn lower or if we'll get that turn sooner. When I see something more clear for the short term there, I'll let you know in the daily signals, but I'm holding my longer term position trade short and fading on rallies for now. The basic gist is, the Euro and GBP should turn lower, it's just a matter of when, and from where? Hopefully soon!

Stocks definitely started their final rally leg a bit earlier than expected and that leg is well underway. We still could have quite a bit to go upwards before it's complete, but once it's over, we're going to have a VERY major reversal down to around 400 on the S&P. If you're a strickly long term player, you may want to start fading this rally to get in short. If you're playing the shorter term upside, the likely target range is 1050 to 1075 or so. Once we get up there we'll be able to better see if there's even more short term upside potential or if it's time to start loading up short for the short, medium and long run.

Gold and Silver are in a similar pickle along with the USD mixed pressures. The longer term trend is pretty clearly down, but this week could see a move higher before lower potentially. Once things clear up a bit on the short term I'll update that in a subsequent daily signal... but the 990 and 15.20 levels on Gold and Silver should not give way even if we do head higher first. I'm continuing to hold Silver and Gold long term short and I'm fading rallies on Silver.

For the nice short term news opportunities, we do have one possibility on Monday:

0830 CAD Retail Sales (headline) expected at 0.2% -- I think we should play this one safe and look for a 1.0% deviation to get a nicer move out of this indicator. Surprises less than that have been able to move USD/CAD about 20 pips, but not much more... so I'd prefer to trade something larger to make it worth our while.
If it comes out at 1.2% or higher, USD/CAD should sell off 30 pips.
If it comes out at -0.8% or lower, USD/CAD should rally 30 pips.

The other worthwhile news releases I plan on previewing and trading this week are:

Tuesday 8-25
1000 US Consumer Confidence

Wednesday 8-26
0400 German IFO
1000 US New Home Sales

Thursday 8-27
0830 US GDP Annualized (Prelim)

Friday 8-28
0430 UK GDP q/q

Thx fxpeacearmy, sirpipaslot.

Ichimoku Dashboard

2009-08-23T23:32:00.006+07:00

I might say Ichimoku, Ichimoku Kinko Hyo the complete names which translates to "equilibrium at a glance chart", is one from many indicator that completely work without put extra indicator in chart. Its already full system, capability to use as decision OP, SL and TP in one time makes Ichimoku have so many fans out there. Just try to use google with keyword "Ichimoku", in second you can find many good source about how to Open in good position, ride the trend, stay away from ranging/flat, manage TP with trail and etc.

This is Ichimoku Dashboard, it will show condition of manual Ichimoku in label digital. Chart will looks clean now....

Download here : DOWNLOAD NOW

p.s If you not have idea how to use standard Ichimoku, i suggest to read one thread in F.Factory named Ichimoku Forever.

Debt settlement with forex trading - Is it possible?

2009-08-19T23:12:00.000+07:00

Debt settlement is the process in which the total amount you owe to your creditors is greatly reduced. And how can we relate debt settlement and forex? It may appear weird but it is not. When you are in debt and you are exploring different ways to get out of debt with the help of professional assistance, you may be suggested by a credit counselor to enroll for a debt settlement program that can serve your current financial needs best.

When you enroll for a debt settlement program, you stop making payments to the creditor till the time you don’t accumulate half of the outstanding balance in a trust account that is created. This trust account doesn’t earn any interest though but it helps you to save cash in it so that once you negotiate with your creditors, the same can be used to pay them off. The debt settlement company you hire will do all the negotiation on your behalf. In majority of the cases, the amount you have to pay finally to the creditor is reduced by as much as 40% to 60%.

Now, how do we relate debt settlement and forex trading? The forex market commonly referred to as the FX market is where the currencies are traded in pairs. This form of trading has several advantages over other forms of trading and has helped many households to meet their financial obligations every month. Use proceeds of forex trading in making payments into the trust account.

If you are an experienced forex trader and if you know how the currency pairs will behave in the FX market, you can earn very high profits. And this what many forex traders have been doing in the US. Once you earn profits, the proceeds that you get from forex trading can be used to make payments into your trust account. It will not only help you to start negotiations early but will also hasten the process to a debt free life.

You might be wondering how is it possible to invest cash when you are exploring different avenues of debt relief. The fact is that forex trading requires very little cash to start trading. And you can make best use of the situation so that you attain financial freedom much early.

Contributed by Debt Community Member.

Forex Daily - August 17, 2009

2009-08-17T16:12:00.003+07:00

EUR/USD and GBP/USD have found some momentum in their downtrend, and if you took advantage of either of the sell recommendations I've given in the last two weeks, things are looking pretty good. Right now both the EU and GU are in a 3rd of 3rd wave down that should carry them well beneath last week's lows of 1.4085 and 1.6390 respectively. A shorter term 15 min to hourly chart style bounce could develop around those levels, but I'm pretty confident we'll trade through them without a ton of retracement. As far as ultimate targets are concerned for this 3rd wave minor degree selloff (think 4 hour chart type move that takes anywhere from days to a few weeks), I'll quote Friday's signal:

"On both pairs, we're set up for a very sizable 3rd wave selloff to start soon that should target at least 1.4000, but probably more like 1.3800 before letting up. On GU the next selloff wave should reach at least 1.6000, and more likely 1.5700 and lower."

If the wave analysis ultimately proves correct though, we will see the USD strengthening in primary degree for anywhere from several months to a year depending on how the move develops.

Gold and silver have moved comfortably off of their highs along with the USD strengthening move. Particularly, things are looking like a sloping head and shoulders starting to take form on Silver. I still very much like shorting Silver at current levels (around $14.50 at the moment) looking for a very big long term payoff to the downside, and now we have the USD strengthening accompanyment that should help a lot with that. Support on Silver short to medium term is at $14.13 (last week's lows), and around $12.80 (sloping head and shoulder trendline support). I'm pretty confident we're at least heading below $13 to test that trendline support. Once that goes, we may see $8 and below sooner than you think.

On stocks, we saw a nice rollover on Friday, but we're still waiting for that key break of 992 on the S&P to confirm a bigger rollover towards first 968, but more likely 920 to 955 as an ultimate target. It's possible we're topping out for good and starting the next major bear market selloff... but equities tend to lag some of the other markets by quite some time, so it's more likely at this point that the coming selloff is still a wiggle lower before another final attempt at new highs sometime in September. Long story short is: 1) If you're short stocks, hang on and 2) Whether you're in short or not, add some short on a clear break of 992 on the S&P.

There's no key news out Monday, so we'll start previewing news items with Tuesday's signal. To give you an idea of what's coming up though, here's what I'm looking to focus on for this week:

Tuesday 8-18
0430 UK CPI
0500 German ZEW

Wednesday 8-19
*note* skipping 0430 UK Minutes due to last weeks quarterly inflation report
0700 CAD Core CPI

Thursday 8-20
0430 UK Retail Sales

Friday 8-21
1000 US Existing Home Sales

Sir Pipsalot, fxpeacearmy

DelanTrade Forex

2009-08-16T12:40:00.006+07:00

Again and again, another shared forex trading systems, in world of forex everything related to cash out, try to shared will makes nothing into something different. This system found in another trader forum from russian, so it contain many foreign language that not easily to understand it. But it doesn't matter if the system works properly, not crash the platform then it passed, usefully or not put on side. About the win ratio is like another system it depends on the rider of system, luck and market respect.

DelanTradeExpo System 1.3

My first impression about this forex system is take much CPU resources if use in many pairs window in same time, the process of platform increase dramatically and the price looks lagging, quotes names will pop up like hell. Also don't forget to watch carefully the risk of this system. Look at image below, its look so high risk if not carefully....

That's it all.... time to relaxing now...

Download Delan : CLICK HERE

Forex Daily - August 14, 2009

2009-08-14T11:38:00.000+07:00

EUR/USD
It is more likely to go down to around 1.42 or even 1.4150, but before it goes down, please beware that it still possible to reach 1.4350 or even 1.44. We suggest you to entry Sell after it goes up, or using a breakout strategy.
(Current Price: 1.4267)

GBP/USD
It is more likely to go down to around 1.65 or even 1.6450, but before it goes down, please beware that it still possible to reach 1.6650 or higher. We suggest you to entry Sell after it goes up, or using a breakout strategy.
(Current Price: 1.6571)

AUD/USD
It is more likely to go down to around 0.83, but before it goes down, please beware that it still possible to reach 0.85. We prefer to keep Sell.
(Current Price: 0.8432)

USD/JPY
It is more likely to go down lower than 95 or may be 94.50, and after that, it might have potentially to go up to around 96. We prefer to use a breakout strategy in this pair, Buy when it reaches 95.60, and Sell when it reaches 94.90.
(Current Price: 95.12)

USD/CHF
It is more likely to go up to around 1.0750 or may be 1.08, and after that, it might have potentially to go down to around 1.0680.
(Current Price: 1.0716)

Forex Daily - August 13, 2009

2009-08-13T11:21:00.001+07:00

EUR/USD
It is more likely to go up higher than 1.4250 or even 1.43, and after that, it might have potentially to go down to around 1.41.
(Current Price: 1.4224)

GBP/USD
It is more likely to go up higher than 1.6550, and after that, it might have potentially to go down to around 1.6350.
(Current Price: 1.6495)

AUD/USD
It is more likely to go up to around 0.84. and after that, it might have potentially to go down to around 0.83.
(Current Price: 0.8353)

USD/JPY
It is more likely to go down to around 95 or may be lower. But if it still goes up and reaches 96.40 then it will bullish.
(Current Price: 95.96)

USD/CHF
It is more likely to go down lower than 1.073 or may be 1.0650, and after that, it might have potentially to go up to around 1.08 or higher.
(Current Price: 1.0751)

Forex Daily - August 12, 2009

2009-08-12T20:48:00.001+07:00

On the EUR/USD it still seems likely we'll get a bit more retracement up before the downtrend resumes, but it's not a guarantee. On the GBP/USD things could go either way today based on the news, so we'll have to wait and see how the BoE Quaterly Inflation Report comes out. If you're not in short for a position trade but would like to enter, I'd hold out for a bit of a bounce first just in case we get one (watch the video for more detail and analysis on both of these pairs).

On Stocks (I totally forgot to review stocks in the video, sorry), we got a selloff to that key 993 level on the S&P, so all we really need is a break of yesterday's lows to signal that wave B down has taken hold. Essentially, a break of 993 should see 968, then potentially 925-950 before we see new highs. I'm personally in short from about 1000 and 1013 looking to TP 1/2 at 970 and the other half I'll exit discretionally and let you know when.

In Gold and Silver, we're seeing ok price action back off their retracement highs. Nothing new here... get short if you're not in and add short on bounces if you are in. We're close enough to those retracement highs (that likely will not be exceeded) to warrant some shorter term position trades or swing trades as well with tighter stops. In news Wednesday, we've got a couple of key reports:

0430 UK Claimant Count Change (28K expected) & ILO Unemployment Rate (7.7% expected) - If both of these come out low, that should be GBP bullish, and if both come out high, that should be GBP bearish, but this indicator has a habit of spiking and reversing hard, so I don't recommend trading along with it as the markets anticipate the bigger UK news just an hour later. If anything I might look for a spike reversal if it looks ideal.

0530 BoE Inflation Report - This report comes out once every 3 months and is usually a very big mover. The markets will focus on the expansion in their Asset Purchase Facility (APF) allocation and why they expanded it by 50 billion pounds, and also what their growth/inflation outlooks are for the 3rd quarter. Of course, their overall optimism or pessimism will likely be the main driver of sustained price action.
If they are relatively optimistic on growth and positive inflation, and/or not going to seek more APF money in the future, GBP/USD should rally 50+ pips.
If they are resoundingly pessimistic on growth, worried about deflation, or hinting at further expansions to APF allocation, GBP/USD should sell off 50+ pips.

0800 Norway Interest Rates (no change at 1.25% expected) - Only trade Norway news once you have a little experience with the NOK currency.
If they hike rates, EUR/NOK will sell off 1000+ pips
If they cut rates, EUR/NOK will rally 1000+ pips

1415 US FOMC Interest Rate Statement (no change at 0-0.25% expected) - Since there is essentially zero chance they will change interest rates, I'm going to focus my preview more on the statement itself. The things the market will be focused upon is:
1) Their plans for the current $1.75 billion total Quantitative Easing (QE),
2) Willingness and timeline for withdrawing liquidity from their special programs (exit strategy),
3) Hints at when they're planning to raise interest rates, and
4) General level of optimism or pessimism on growth, inflation, and the economy.
Keep in mind that we may be in a period of transition where the USD will react differently to US news than it may have in the past year or so, so if you want to play it safe, wait for the first 5 minutes of price action to complete, and if there's a clear move, follow that direction on either the EUR/USD or USD/JPY for 30-50 pips.
A) If they come out optimistic on growth and positive inflation, and are looking to reduce QE, withdraw liquidity, or raise rates sooner than expected, USD/JPY should rally 50+ pips.
B) If they come out optimistic on growth and positive inflation, and are looking to uphold or increase QE, liquidity, and low interest rates very dovishly, EUR/USD should rally 50+ pips
C) If they come out pessimistic on growth and/or worried about deflation, and are looking to uphold or increase QE, liquidity, and low interest rates very dovishly, USD/JPY should sell off 50+ pips
D) If they come out pessimistic on growth and/or worried about deflation, and are looking to reduce QE, withdraw liquidity, or raise rates sooner than expected, EUR/USD should sell off 50+ pips.

0200 (on Wed night/Thurs morning EST) German GDP q/q Preliminary (-0.2% expected) - This news usually creates a fairly reliable move of 30-40 pips on the EUR/USD, but I feel it could get even more this month.
If it comes out at 0.1% or higher, EUR/USD should rally 30-40 pips.
If it comes out at -0.5% or lower, EUR/USD should sell off 30-40 pips.

Sir pipsalot, fxpeacearmy

Forex Daily - August 10, 2009

2009-08-10T12:13:00.000+07:00

I've been doing a lot of analysis and research today that continues to confirm we are at or near significant medium to long term tops on EUR/USD, Silver, Stocks, and many other related currency pairs and markets. Once they start their decline, the manner in which they fall will help identify the scope of the downside. Chances are that stocks will only see a relatively minor correction down to maybe 950 or so before another last run higher, but the Euro and most commodities like silver have either already put in major tops or will top out soon. Again, whether or not the subsequent decline is a matter of weeks or years will become more apparent over time, but for now I'm short across the board about half of what I'm willing to leverage on a long term trade. If we do get some rallies to new highs into more concrete resistance, I'll jump in and double my position. Specifically on the Euro (I know most reading these signals are currency traders) there's some nice resistance in the 1.4600 to 1.4700 range, so that's a good spot to add to a positon trade short with a stop somewhere padded above the earlier 1.4715 high. It's not just about price levels though, it's often about being a contrarian on sentiment. Bullish optimism has reached extremes typically seen near major peaks, and that's an excellent source of confirmation. It doesn't mean things won't get more extreme, but it does mean we're much closer to a top than most people think.

In news on Thursday, the only real surprise was out of the statement from the BoE where they expended their Asset Purchase Facility by much more than anyone expected. I said yesterday "If they extend or restart the APF with another 25 billion pounds or more, GBP/USD should fall 50+ pips." Well, they increased it by 50 billion pounds and the GBP/USD shot down by 140 pips very quickly and has since sold off even more. I am bearish long term on the Euro mainly because it's the purest way to play USD strength in the currency markets; however, with a big GBP negative out of this report, I recommend looking for a swing trade or position trade short on GBP/USD on any decent rally into resistance a rally to or near 1.6900 would be a great spot to get in short, but 1.6830 or so might be all we can get depending on how the USD performs today (Friday). In news Friday:

0700 CAD Employment Change (-20K expected) - Canadian numbers are not nearly as nice and neat to trade than they used to be in the past. We should be able to expect a nice short term move on a surprise, but I wouldn't hold out on it for terribly long.
If it comes out at 0K or higher (positive) USD/CAD should drop 40 pips.
If it comes out at -40K or lower, USD/CAD should rise 40 pips.

0830 US Non Farm Payrolls (-325K expected) - We've seen decent surprises 2 months in a row... one positive and one negative. In each case the EUR/USD and USD/JPY spiked in the same direction right away, but the EUR/USD wound up reversing while the USD/JPY kept chugging along. If we get a surprise and a big spike on the EUR/USD that might be running out of steam, look to play the reversal. If you want to hold on to something and let it extend, trade the USD/JPY. If you want the biggest spike trade possible trade the EUR/JPY. Also, be careful to look out for revisions to prior numbers and consider them just as significant as this month's surprise.
If it comes out at -250K or higher, USD/JPY should rally 50+ pips.
If it comse out at -400K or lower, USD/JPY should sell off 50+ pips.

Cluster Indicator

2009-08-07T08:00:00.006+07:00

Just another FX Indicator, I found in MQL4 article about "Theoretical Basis of Building Cluster Indicators for FOREX". Just cut and paste from web.... we can analyze market with cluster theory indicator. The article also introduced main definitions: "overbuying", "overselling" of currencies and balance line. In this article we will dwell on the practical application of indicators. The article includes a number of tactical and strategical methods of trading on them:

* methods, helping to detect potential pairs, on which trends may start;
* procedures of defining entry and exit times;
* methods of tracing long-term and medium-term positions.

Other theory of cluster indicator is based on divergence, it can show show an alert the divergence between the price and the complex-pair indicator.

At the other side i found MT4 indicator that almost have the same theory with standard indicator in Dukascopy Trading Platform. Its based on some kind of MA crossed, something like that.

Resources Info (Web) : Dukascopy Standard, MQL4 Cluster, Divergence Complex Pair

How to use Cluster Indicators ? / The Manual : Read Here

Systems Trading

2009-08-06T19:14:00.005+07:00

What a long break.... after some of days i stop post mumble things here. I take a journey to get out from crowded big metro city into small county town that quiet peaceful. I want to clean my dirty brain so i can think more pure and get more ideas. Now, just one day after back into big city, i so missed that fresh air, morning mist, smooth traffic... but still i realize i must back to my reports in desk that never compromise with every condition. Afterall, i want to reappoint old system in my hard-drive, part of my systems trading, i think better to share it rather than it ends in my unused folder or recycle bin, maybe it will more usefull to others, hope so.

Download Here : System One, System Two, System Three

Forex Trade System SEFC System v.2

2009-07-30T20:52:00.002+07:00

I'm member of some forex trade system society out there where trust and generosity become personality. Where system develop everyday and test until go live account.

And here's the one that good for used as system trading. Easy to notice when to buy and to sell. The creator was the one who develop IG2 commercial. Thanks to your effort bro SEFC. I'll wait for your next version...

Some report that from 20 trade it gave 19 big win and 1 small loss, but it need a little tweak original SEFC08 parameter from 12 to 24. Just try it...

Download here : DOWNLOAD WHILE HOT

Forex Daily, July 30 - 2009

2009-07-30T18:37:00.003+07:00

In currencies, the EUR/USD finally had a nice pullback down near 1.4000 today which was the area in which I wanted to get long for the next swing to new highs. It's not a sure bet by any means, but with EUR/USD around 1.4050 right now, I think risking 70 pips or so for 200-500 pips off a potential renewd rally rally leg is worth it. If we trade down through 1.3990 decisively, the odds on the long diminish measurably, so I'm keeping my stop a bit below that.

Those of you who are either in the Diamonds room or follow my signals here know that I am both short on Gold and Silver on a long term position trade, and I've been looking to add to my Silver short here during this recent rally leg. My advice to those that are not short Silver has been to consider getting short either at 13.40, 14.00 or 14.30 and use the recent strength to build a position. In the last couple of days, we have seen a very clear impuslive decline that makes it very likely the bounce leg has either ended or is ending soon without significantly further retracement higher. So, again, I emphasize that shorting Silver particularly is a good opportunity at any price in this region, especially around those aforementioned levels. Ultimately, we're looking for a decline to or below $8. Because Silver will very likely see a steeper and cleaner decline than Gold, I do not recommend shorting gold unless you're already in it, and I think you should consider rolling over a gold short into a silver short or even considering a XAU/XAG long hedge type trade.

In stocks, it still looks more likely that we will have one last jump up to new highs on the market before we get that impending 1-3 week pullback decline, but this ending rally either has to start soon (next day or two), or it may just fail to materialize. This consolidation phase is starting to really mature and one way or the other we're going to get moving soon. I used the outlook from the last couple of days to buy the S&P as it was bouncing around on support today around 966 on the futures (970 live) since it seems like a good short to medium term hold with good reward (20-40 pts) vs risk (5-10 pts). If we do get that rally to new highs, it should top off somewhere in the 985-1005 range (I don't see it pushing too far past 1000), so that's where I'd be looking to cash out on any longs. I think a decisive break towards 960 and below means the 1-3 week pullback has started without the rally we're looking for and we should shift from buying on dips to selling on rallies.

In the news on Wednesday, the RBNZ kept interest rates unchanged, but a clearly very dovish comment sent the NZD/USD down quickly and has kept it under pressure at support. In news Thursday we have only one item:

0200 UK Nationwide House Prices m/m (0.2% expected) - You guys might not get this signal notification in time, and for that I apologize, day this report gets released is always uncertain until the last minute. I think a 0.8 trigger should work well on GY.
If it comes out at 1.0% or higher, GBP/JPY should gain 50 pips.
If it comes out at -0.6% or lower, GBP/JPY should fall 50 pips.

Thx to sir pipsalot, fxpeacearmy.

Forex Ebook - Best Trader's Classroom ($59.00 Value)

2009-07-27T16:50:00.006+07:00

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Forex Daily - July 24, 2009

2009-07-24T14:12:00.003+07:00

I've have been so much fun with NinjaTrader now, i play with all indicator, custom, templates, third-party program, all looks good. Neatly in times i not forgot to update my blog.

The break higher from 956 to new highs got a lot of follow-through, and pretty much anything can happen from here on stocks. Repeated and consistently better than expected earnings results has extended and pushed this recent rally much further than pretty much anyone expected. Right now over 74% of S&P 500 companies that have reported have beat earnings expectations which is the highest amount on record in the last 16 years. Finally though, we had several key companies report disappointing earnings after the close today (Microsoft, Amazon, & American Express most notably) causing today's huge rally to lose about half of it's gains post-market. I continue to think this stock rally is overextended and the volume just hasn't been there enough on the way up to legitimize it rising continuously without retracement; however, one has to respect this recent strength and resistance break, so anything can really happen from here. It's possible this group of bad earnings will help the markets finally start a reversal, and it's also quite possible the market will shrug it off and gun higher over the next day or two. I hate to be ambiguous and feed you guys the "it could go up, or it could go down" piece of garbage, but aside from a slight bias/hope for some selling to come in, that's where we stand. We'll see if things clear up in the coming days.

The fact that EU and GU were only able to peek to slight new highs and reverse lower (most notably on the EUR/USD) lends some legitimacy to the case for a possible reversal. On EU and GU, the plan is still to look for a position long on a further dip as discussed in prior signals, but any shorter term play I'm not terribly sure on and will be following the charts as they develop. In news Thursday, we saw UK Retail Sales surprise to the upside better than expected, but since a decent rally had already worked higher into resistance for the session, the gains were limited to about 30 pips and subsequent consolidation. US Existing Home sales came out slightly better than expected, but not enough to really move currencies or to hit our buy trigger. In Friday's news:

0400 German IFO Business Climate (86.5 expected) - I don't like this trade with a smaller deviation as it will be more of a coin flip as to whether the market will care much. I'm only willing to trade a deviation of 1 or greater.
If it comes out at 87.5 or higher, EUR/USD should rally 35 pips.
If it comes out at 85.5 or lower, EUR/USD should sell off 35 pips.

0430 UK GDP 2Q Advance (-0.3% expected) - I'd say our typical 0.2 trigger should work here. Watch out for rumor based trading or leaks or whatnot heading into the news. Chances are any of that will be rubbish, but it can create some strong price moves.
If it comes out at -0.5% or lower, GBP/USD should sell off 40-50 pips.
If it comes out at -0.1% or higher, GBP/USD should rally 40-50 pips.

thx sir pipsalot...

Forex Daily - July 22, 2009

2009-07-22T15:43:00.002+07:00

Yesterday's prenews plan for the CAD trade didn't work out terribly well. Sorry about that. Sometimes I forget how strange and manipulated the CAD is and I guess I got a bit suckered into a fundamental trade there when the CAD just simply does not follow the fundamentals in shorter to medium term movements very well. However, the overall forecast is still quite valid looking for this upwards thrust to run out of steam and head more materially lower soon. The big thing delaying the decline and keeping things afloat has been stubborn stock strength fueled by several consecutive days of better than expected earnings from key companies. Apple was the lastest company after the close to put out rosy numbers. Even though market sentiment is running out of steam and likely to turn negative towards risk aversion across the board here for a couple of weeks, earnings is one of the biggest factors that drives the stock market. As long as earnings keep coming out much better than expected, we could see continued delays or stubborn support fueled by bouts of risk appetite.

In stocks specifically, we're poised just points below the S&P 500 highs of 956.23. Most analysts see a significant breach of that level giving way to follow-through rally action up to the 1000 area, and while I tend to agree from a technical standpoint... as with the head and shoulders pattern a couple of weeks back, the more obvious the technical signal is to the mainstream analysts, the more likely it is to fail. So it is quite possible we spike out to new 2009 highs on a stop run, then finally ease lower closer to 900.

The good sign is that it seems a few currencies have already turned the corner away from risk appetite towards risk aversion as we've seen on GBP/USD which is already about 200 pips off it's Monday highs and falling further as I type. The EUR/USD, EUR/JPY and other pairs seem to be topping out as well from those Monday/Tuesday highs and have either rounded a corner lower or are stuck in consolidative patterns. Oftentimes, currencies will make the turn towards risk aversion ahead of the stock market, so I see this as an encouraging sign of a medium term shift towards a downtrend across the board... but we're not out of the woods yet. Remember also the big picture here. We're not looking for a major top. We're looking for a retracement of the rallies from the July lows to bottom out and give us a good long opportunity. Obviously though, short to medium term we're biased short.

In news Tuesday, the CAD Statement did mention the Canadian Dollar, but the language on it was much less assertive than the last meeting, so the market saw that as a softening of their stance on the currency, and there was a whipsaw around. Bernanke's testimony failed to say anything substantial about quantitative easing, so there was no explosive potential there... just some gradual USD strength in line with our outlook. And AU CPI was a stinker as expected providing little decent price action. For Wednesday:

0430 UK BoE Minutes - This is likely to be a difficult one to trade as they are unlikely to say anything substantial about their Asset Purchase Facility which is what the currency markets really want to hear about. If there are strong hints they will be expanding it past 125 billion pounds, that will be very GBP/USD bearish, and if they make it obvious they're going to keep their purchases limited to that level, that will be GBP/USD bullish.

0830 CAD Headline Retail Sales m/m (0.5% expected) - CAD news has definitely been tough lately, but a surprisingly low retail sales number last month led to a nice, steady gain on USD/CAD even though the immediate reaction was only 15-20 pips.
If it comes out at 1.1% or higher, USD/CAD should fall 30 pips.
If it comes out at -0.1% or lower, USD/CAD should rise 30 pips.

To your success, sir pipsalot, fxpeacearmy.

Forex Daily - July 22, 2009

2009-07-22T15:42:00.001+07:00

EUR/USD
It is complicated. We predict that it is more likely to go up to around 1.4250 or even 1.43. But if it is still break under 1.4160 then it can become bearish. You can also use a breakout strategy.
(Current Price: 1.4191)

GBP/USD
It is more likely to go up to around 1.65, but before it goes up, please beware, because it might potentially to re-test or go down once again to around 1.6350.
(Current Price: 1.6406)

AUD/USD
It is more likely to go up to around 0.8250, and after that, it might have potentially to go down to around 0.8150.
(Current Price: 0.8160)

USD/JPY
It is more likely to move zig-zag today, and probably it will go down first to around 93.20, and then will go up to around 94.30.
(Current Price: 93.57)

USD/CHF
It is more likely to go up to around 1.07, after it goes down to around 1.0620.
(Current Price: 1.0684)

Beware from today news: (time is using GMT+7 / Indonesia – Jakarta Time)
(see your time conversion at www.timeanddate.com)

13:45 EUR
15:30 GBP
16:00 EUR
17:00 GBP
21:00 USD

Forex signals and technical analysis can be affected by the news report (fundamental)

Forex Daily - July 21,2009

2009-07-21T10:49:00.001+07:00

EUR/USD
It is more likely to go up to around 1.4250 or even 1.43, and after that, it is potentially to go down to around 1.4150. You can also entry Sell after it goes up at around 1.43.
(Current Price: 1.4210)

GBP/USD
It is more likely to go up to around 1.66 or higher. But before it goes up, We predict that it might have potentially to go down first at around 1.6450. You can wait to entry Buy. We prefer to Buy.
(Current Price: 1.6510)

AUD/USD
It is more likely to go up to around 0.82, and after that, it is potentially to go down to around 0.81.
(Current Price: 0.8117)

USD/JPY
It is more likely to go up to around 94.50, but before it goes up, this currency might have potentially to test first at around 93.
(Current Price: 93.82)

USD/CHF
It is more likely to go down to around 1.0630, and after that, it is potentially to go up to around 1.0750.
(Current Price: 1.0691)

Don’t be too late, and always check the posting time.

Beware from today news: (time is using GMT+7 / Indonesia – Jakarta Time)
(see your time conversion at www.timeanddate.com)

13:15 CHF
15:30 GBP
21:00 USD (This is important news. The Fed Chairman Bernanke Testifies!)

Forex signals and technical analysis can be affected by the news report (fundamental)

Forex Daily - July 20,2009

2009-07-20T13:35:00.001+07:00

It seems the stock market may be peaking out a bit short term, and will undergo a decent selloff soon, but will not break last week's lows. We might have one final spurt a bit higher Monday, but this big rally from last week should correct out a bit soon coming down somewhere into the 900-920 range as the week progresses. I actually bailed my shorts Thursday last week at the not so great price of 935 on the S&P (closed Friday at 940), but at that time the risk of a greater rally extention before this coming pullback was a bit too much for me to stomach. In any case, I welcome this pullback if/when it comes as it will set us up for a good place to go long in a number of markets.

Getting long on stocks for a final wave run-up of 10-15% as this pullback bottoms out sounds pretty good, but it should also provide opportunities for swing/position trade longs on EUR/USD and GBP/USD for the next stage of advance. Last week I said 1.6200-1.6300 was a good spot to position long on GBP/USD and Friday it bottomed out at 1.6265. The 1.4000 target on EUR/USD never quite made it. If stocks do start a decent decline Monday or Tuesday, USD strength should come along with it. Once the EU, GU, and stocks all pull back and seem to be at or near support, that's when I'll recommend a long on all 3. I'm still thinking 1.4000 and 1.6200 ballpark for now. While it's possible we could see stocks and EU/GU move in different directions, I think it's a low probability given their good correllation over the past year.

Gold and silver should wiggle down a bit, but then up to higher highs much like stocks and the Euro will, but I prefer to hold those short through the volatility and add more short on a Silver rally above $14.

In news Friday, CAD CPI came out as expected, so no trade there, and US Housing Starts barely missed our buy EUR/JPY trigger, but managed a nice medium term move to an uptrend even though the short term action was pretty muted. There is no major economic news scheduled for Monday 7-20, but there is a 2130 release of Australia's RBA Meeting Minutes which we'll dig through in the Diamonds room just in case there are any surprises that might give a decent trade on the AUD/USD. Unfortunately, it's just not anything I can provide you guys with a valuable preview for. I'll definitely have more details for you on Tuesday's news though as that is easier to break down. Until then guys, take care.

Forex Daily - July 20, 2009

2009-07-20T11:18:00.001+07:00

EUR/USD
It is more likely to go down to around 1.4050, before it goes up to around 1.4250.
(Current Price: 1.4103)

GBP/USD
It is more likely to go down to around 1.63, before it goes up to around 1.64
(Current Price: 1.6336)

AUD/USD
It is more likely to go down to around 0.7950, before it goes up to around 0.8050.
(Current Price: 0.8017)

USD/JPY
No Comments

USD/CHF
It is more likely to go up to around 1.08, before it goes down to around 1.0720.
(Current Price: 1.0765)

Beware from today news: (time is using GMT+7 / Indonesia – Jakarta Time)
(see your time conversion at www.timeanddate.com)

06:01 GBP
08:30 AUD
13:00 EUR

Forex signals and technical analysis can be affected by the news report (fundamental)

Thx gainscope

Signal Digital

2009-07-19T15:42:00.007+07:00

Multi-timeframe LED, part of FX Indicator, which analyzes timeframe from 5 minutes to Daily using the standard indicators - Stochastics, RSI and CCI. The result is displayed on the screen in a table consisting of a set of signals on the BUY/SELL on a particular timeframe and indicators. This is a very simple indicator that can be used both in the short and medium-term trade.

For download indicator : CLICK HERE

Enjoy...

Forex Daily - July 16, 2009

2009-07-16T18:35:00.003+07:00

Well, we got much more of a rally in stocks today than I expected, and I think it's enough to force us out of our "sell on rallies" type of bias. Chances are we will see a dip on Thursday into the 900-920 range on the S&P, and I'm likely going to bail on my shorts there and potentially look for a long. The extent, breadth and technical structure of this week's rally is very consistent with an initial leg of a multiple leg push higher to new highs. We saw this coming over the medium term, but it seemed we had further to dip and sell off before this next rally leg. Since the big 875-878 support never really faltered, it seems the decline from 955 has found its bottom and this next advance will take us to 1000-1100 on the S&P 500. The situation is still a bit up in the air and uncertain, but things usually are at the beginning of a move, so I'll let you know how the odds develop. Essentially though, the odds have whipsawed around from further downside to further upside very quickly and a lot of things I look at in the markets are clearing up and pointing towards the upside. We still have that over-hyped head and shoulders pattern now with a 2nd double shoulder, but the neckline has to break for that pattern to confirm, and unless that happens, it's ended up being a big sucker play.

The good thing about this clear whipsaw towards risk appetite, is that it clears things up on the currency front, and I think the odds are now strongly in favor of a EUR/USD and GBP/USD long to watch both pairs rally to and likely through their June highs in the 1.4300's and 1.6700's respectively. While we may get a short term risk aversion dip on the fresh bad news that CIT will not be getting a bailout, I think buying on a dip is a good move for both pairs. I would say further selling towards 1.4000 and 1.6300 would be good opportunities to start a long position or swing trade.

On gold and silver, we look to be pulling up a bit along with this broad risk appetite as well. My recommendation is to initiate a short on silver sometime soon as this bounce develops, or wait for it to top out and me to give the all clear that we're turning around for more downside. If stocks really do mount a large 1 month or longer rally here, the bounce on silver may be larger than expected, so it might be better to wait for it to top out and clearly turn lower before entering or adding more short.

There's no economic news worth trading scheduled for Thursday, and all of Wednesday's news came out too close to expectations, so there weren't any clear trades. We've got a couple of things coming out Friday though, so we'll cover those with tomorrow's signal and give an update on this medium term shift back into risk appetite and how best to play it, maybe with some more specific trade calls.

Forex Daily - July 15, 2009

2009-07-15T14:07:00.004+07:00

No big surprising news yesterday, but a slightly worse than expected ZEW number pushed the EUR/USD lower by the target 30 pips on the dot. In currencies direction, EUR/USD and GBP/USD are staying within their consolidation ranges and aren't showing their ultimate trend direction yet, but there's still good ways to make great trades on them that I discuss in the video. Gold and silver maintain their downtrend, but silver in particular is staging a countertrend bounce that may take it higher to $14 or so before heading lower again. If we get there and see it topping out, I'll make another short call.

Stocks have staged a nice early week rally over 900 on the S&P, but as I said yesterday, I think this rally doesn't have much further to go, and with the post-market surge up after good Intel earnings, I think the high has been set around 913 on the futures as shown in the video. A surge through that level (about 918ish) in the live market would mean we have to reassess the odds out there and consider exiting our shorts... otherwise, it's game on and get short time. As I mentioned yesterday, 3 ways of getting short on the S&P in my order of preference for this opportunity are 1) shorting the ES futures (now around 910), 2) buying SEP 90 puts on the SPY (now about $4, or $400 per contract), 3) buying SDS (now around $55.60). I forgot to bring up my stock charts toward the beginning of the video, so I pulled them up at the end. For news Wednesday:

0430 UK Claimant Count Change (41.3K expected) - I don't have a ton of faith in this one since it usually comes out along with the BoE minutes which cause the bulk of the move at that time, but a solid trigger could cause a 40 pip reaction. It's up to you whether you want to trade it, but I'm on the fence and may end up skipping it.
If it comes out at 20K or lower, GBP/USD should rally 40 pips.
If it comes out at 60K or higher, GBP/USD should sell off 40 pips.

0830 US Core CPI m/m (0.1% expected) As long as there's no conflict with the headline number, even a small deviation should see a safe trade on USD/JPY. The reactions on EU and GU for this are too hard to predict.
If it comes out at 0.2% or higher, USD/JPY should rally 30 pips.
If it comes out at 0.0% or negative, USD/JPY should sell off 30 pips.

0915 US Industrial Production (-0.6% expected) - I think this indicator has rising potential, but we still haven't seen a recent deviation to confirm that. I'm in wait and see mode on this one, but a +/-0.6% deviation could end up seeing a good corresponding trade on EUR/JPY.

1845 NZ CPI q/q (0.5% expected) - CPI numbers have gotten weird since last fall, and with this number coming out roughly as expected for basically the entire last year, we really don't have any hard evidence this one will work out if it surprises. Also, with that time of day, there's typically not a lot of market action, so I recommend skipping this one, but theoretically a number 0.7% will cause some amount of NZD/USD strength, and a number 0.3% or lower will cause some amount of NZD/USD weakness.

Thx sir pipsalot, fxpeacearmy.

Systems Trading - Free Trading Software

2009-07-14T19:22:00.008+07:00

I wonder where to put this topic maybe in FX Indicator..., lets begin, MT4 or Metatrader 4 is most popular trading software out there, what makes this software winning is the priceless of free, where's find something valuable that free ?, also the easy interface and customize indicator with MQL4 Language Programming is great combination. Though MT4 is not alone in this forex world. Other developer, senior broker want to enhanced the competition of trading software and aim other market segment where professional trader bet their regular amount. But, nature law about service in forex is, what you want, there's a price to be.

So... think to tried other trading software ? Not have to spend any from your pocket. There's no guarantee of profit for using this software, at least there's no risk to try it, full use with free. The minus of this software is not have realtime data and any server datafeed, so to get data you must have external data from other software like MetaTrader 4 with CSV format, it can be found in Folder MetaTrader > experts > files, that's where the CSV data saved.

Hope after try, it can fit with your trading technique or give any new experience with different method, good if that can increase your profit.

Here's the screenshot of software... i think not too complicated to use it, in 15 minutes i can figure it out one by one. Good Luck with your trading...

To Download : DOWNLOAD HERE

To Website : Website

Forex Ebook - Be Independent Investor

2009-07-11T17:46:00.004+07:00

This ebook is just for someone who like reading economic history and theory. Its really full of paragraph, description, makes boring fast for the lazy. All talk about market in wide views not just in one side, talk about perspective here. Analysis was around Elliot Waves, seems not good topics for indicator fans, but it can increase trading probability and used by many important person in Stocks, Funds, Forex. By the way, i read the answer for, what makes market move ?, in the real trading it was volume, supply, demand, news, confidence but there's another answer in different way that describe whats going on in the real market.

This ebook just 118 pages, not takes so long to read it with coffee in your side. The words are not too complicated, easy reading for spend end of weeks.

If you're interested just DOWNLOAD HERE

Forex Ebook - Full Stochastic Secret E-Book

2009-07-10T09:29:00.007+07:00

A good collection e-book, Stochastic secret full explained with custom settings. Little of quotes "Stochastic helps you to listen to the market". If the indicator is coupled to a profitable strategy, it’s signal(s) contribute to a much bigger certainty; In some strategies it offers a better price or an advantageous moment for the trade opening. Just reading it...

Full Stochastic Secret : DOWNLOAD HERE

Forex Ebook - Good Entry Point

2009-07-09T21:34:00.006+07:00

Most trader want to get best entry in the right time. Fast to get green, responsible drawdown, and safe place to put stop loss. Monitoring chart everytime, yes its tired, so that tired must be worth or your time will brought to nought. Time will worth if you know where the high probability trade setups and how to identify them. One from many answer that i feel that will usefull is pattern. Pattern will tell what is the next move, or when the market is ready to make next move, try to spot it and you can jump in the right time in right place.

I got an e-book and it describe how to identify pattern using Bar Chart, not in common ways, and worth reading, it makes me get new idea in how to trade. I want to read it full, i still collect my money in savings account to buy the complete books.

Pattern Formation E-Book : DOWNLOAD NOW WHILE HOT