30 Agustus, 2008

Advantages in Forex currency trading

Equal Prospective in Rising or Falling Market Trend

There is no structural bias to the market and there are no restrictions on short selling in FX market. Trading in Forex gives you an equal prospective in rising and falling market.

As trades are always done in pair of currency pairs, Forex traders can always find chance to make money in anytime, regardless on the fall or rise period of one single country currency.

Trade Forex 24 hours a day

Forex market never sleeps. In Forex trading, you do not need to wait the market to open, you can always response to world latest movement and news immediately.

Every Sunday 5.00pm in New York, Forex market starts its week from Sydney, followed by Tokyo, Singapore, Hong Kong, London, and New York. In Forex tradng, you can always response to the market trend a lot faster than in any other trading market.

Also, with the flexibility of Forex market trading time, you can work on your trade in Forex during your free time. This means you can start small and work as part time trader before going full time on FX trading.

High Leverage Margin

Forex brokers offer trade margin of 50, 100, 150, or even 200 to 1 of trade margin.

Forex traders often find themselves controlling a huge sum of money with little cash outlay on the table. For example, a $1,000 in a 150:1 Forex account will gives you the purchase power of $150,000 in the currency market.

While certainly not for everyone, the substantial leverage available from online currency trading firms is a powerful, moneymaking tool. Rather than merely loading up on risk as many people incorrectly assume, leverage is essential in the Forex market.

This is because the average daily percentage move of a major currency is less than 1%, whereas a stock can easily have a 10% price move on any given day.

Why isTraders Lose Money in Forex..?

1. They Work Hard but don't Work Smart

Many new online currency traders work hard - but they don't acquire the right Forex education.

FOREX trading attracts some of the cleverest people in the world - these traders are smart, and think that they can win simply because they're clever.

Being too smart however, can be a bad trait to have in Forex trading.

2. They don't keep it Simple

As you can gather from point 1, being clever doesn't mean you'll achieve success in online Forex trading. Not only should you leave your ego behind, you should also concentrate on trading using a simple system. Many Forex traders think the more complicated their system is, the more successful the system is likely to be - however, this logic is incorrect.

3. They don't accept Responsibility

When you're trading currencies, it's tempting to follow a guru whose made money - or claims to have made money.

The Internet is full of Forex education you can buy for $100 or so - and they all claim it'll make you rich - but this is not the reality of currency trading.

The only way to succeed is to rely on yourself - no one else can give you success. If you can't take responsibility for your actions - don't trade in the currency markets.

4. They're too subjective

In Forex trading, most traders like to use technical analysis, and study Forex charts.

Studying charts can make you a lot of money - however you must be aware of the trap that many traders fall into - being too subjective.

5. They lack Patience

Many traders get impatient when Forex trading, and want to achieve success too quickly.

They start trading using one method, get frustrated with it when it doesn't make money - and then switch to a different method. They then end up like a dog continually chasing its tail.

Bad periods are normally followed by good trading periods - and profits, (if you're using a soundly based Forex trading system) so you need to stick to your plan.

Stop changing systems and have the patience to follow your Forex signals with discipline.


28 Agustus, 2008

LEVEL GBP/USD 28 AGUSTUS 2008

GBP/USD

GBP/USD
Sell stop 1.8300 TP 1.8270 SL1.8330
Buy Stop 1.8440 TP 1.8470 SL 1.8410

LEVEL USD/JPY 28 AGUSTUS 2008

USD/JPY

USD/JPY
Sell Stop 109.30 TP 109.00 SL 109.60
Buy Stop 109.90 TP 110.20 SL 109.60

LEVEL EUR/USD 28 AGUSTUS 2008

EUR/USD
EUR/USD
Sell Stop 1.4690 TP 1.4660 SL 1.4720
Buy Stop 1.4780 TP 1.4810 SL 1.4750

LEVEL USD/CHF 28 AGUSTUS 2008

USD/CHF
USD/CHF
Buy Stop 1.0990 TP 1.1020 SL 1.0960
Sell Stop 1.0940 TP 1.0910 SL 1.0970

LEVEL GBP/JPY 28 AGUSTUS 2008

GBP/JPY
GBP/JPY
Sell Stop 199.90 TP 199.40 SL 200.40
Buy Stop 201.70 TP 202.20 SL 201.20

27 Agustus, 2008

LEVEL GBP/USD 27 AGUSTUS 2008

GBP/USD
GBP/USD
Buy Stop 1.8440 TP 1.8470 SL 1.8410
Sell Stop 1.8360 TP 1.8330 SL 1.8390

LEVEL USD/JPY 27 AGUSTUS 2008

USD/JPY
USD/JPY
Buy Stop 109.80 TP 110.10 SL 109.50
Sell Stop 109.30 TP 109.00 SL 109.60

LEVEL EUR/USD 27 AGUSTUS 2008

EUR/USD
EUR/USD
Buy Stop 1.4660 TP 1.4690 SL 1.4630
Sell Stop 1.4620 TP 1.4590 SL 1.4650

LEVEL USD/CHF 27 AGUSTUS 2008

USD/CHF
USD/CHF
Sell Stop 1.0980 TP 1.0950 SL 1.1030
Buy Stop 1.1020 TP 1.1050 SL 1.0990


LEVEL GBP/JPY 27 AGUSTUS 2008

GBP/JPY

GBP/JPY
Buy Stop 203.20 TP 203.70 SL 202.70
Sell Stop 109.90 TP 109.40 TP 200.40

24 Agustus, 2008

LEVEL GBP/USD 25 AGUSTUS 2008

GBP/USD

GBP/USD
Sell Stop 1.8480 TP 1.8450 SL 1.8510
Buy Stop 1.8560 TP 1.8590 SL 1.8530

LEVEL USD/JPY 25 AGUSTUS 2008

USD/JPY

USD/JPY
Buy Stop 110.20 TP 110.50 SL 109.90
Sell Stop 109.70 TP 109.40 SL 110.00

LEVEL EUR/USD 25 AGUSTUS 2008

EUR/USD
EUR/USD
Sell Stop 1.4730 TP 1.4700 SL 1.4760
Buy Stop 1.4810 TP 1.4840 SL 1.4780

LEVEL USD/CHF 25 AGUSTUS 2008

USD/CHF
USD/CHF
Buy Stop 1.1000 TP 1.1030 SL 1.0970
Sell Stop 1.0950 TP 1.0920 SL 1.0980

LEVEL GBP/JPY 25 AGUSTUS 2008

GBP/JPY
GBP/JPY
Sell Stop 203.00 TP 202.50 SL 203.50
Buy Stop 204.80 TP 205.30 SL 204.30

Forex Market

The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion — 30 times larger than the combined volume of all U.S. equity markets.

"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.

For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro,
British Pound, Swiss Franc, Canadian Dollar and Australian

23 Agustus, 2008

The Truth About Trading Risk

Everyone who trades is always looking for the perfect signal. This is often referred to as the “Search for the Holy Grail”. It might as well be the Hunt for Red October. There simply is no perfect signal. You need to be able function in an environment of unknowns and probabilities. Your edge has to be patience and discipline.

Here are some of the hard earned tips we have for you on controlling risk in trading:
- Calculate Risk: and risk a maximum of only 2-5% of equity per trade
- Preserve your capital at all costs
- Stops are “NOT” money management
- Position sizing is the key to wealth
- Your biggest draw down has not yet occurred!
- Never, Never add to a losing trade!
- If you make a mistake, exit immediately
- Increase trade size on winners
- Decrease trade size on losers
- Leverage works both ways, and while rewards are great, the risk is extremely high
- With indexes and FOREX your leverage is as high as 200%
- Disaster Stops must always be set in case of exceptional world events
(www.futurestradingsecrets.com)

22 Agustus, 2008

LEVEL GBP/USD 22 AGUSTUS 2008

GBP/USD
GBP/USD
Sell Stop 1.8730 TP 1.8700 SL 1.8760
Buy Stop 1.8780 TP 1.8810 SL 1.8750

LEVEL USD/JPY 22 AGUSTUS 2008

USD/JPY
USD/JPY
Buy Stop 108.70 TP 109.00 SL 108.40
Sell Stop 108.10 TP 107.80 SL 108.40

LEVEL EUR/USD 22 AGUSTUS 2008

EUR/USD
EUR/USD
Sell Stop 1.4880 TP 1.4850 SL 1.4910
Buy Stop 1.4930 TP 1.4960 SL 1.4900

LEVEL USD/CHF 22 AGUSTUS 2008

USD/CHF
USD/CHF
Buy Stop 1.0870 TP 1.0900 SL 1.0840
Sell Stop 1.0830 TP 1.0800 SL 1.0860

LEVEL GBP/JPY 22 AGUSTUS 2008

GBP/JPY
GBP/JPY
Buy Stop 204.80 TP 205.30 SL 204.30
Sell Stop 202.90 TP 202.40 SL 203.40

21 Agustus, 2008

LEVEL GBP/USD 21 AGUSTUS 2008

GBP/USD
GBP/USD
Buy Stop 1.8650 TP 1.8680 SL 1.8620
Sell Stop 1.8600 TP 1.8570 SL 1.8630

LEVEL USD/JPY 21 AGUSTUS 2008

USD/JPY
USD/JPY
Sell Stop 109.50 TP 109.20 SL 109.80
Buy Stop 109.80 TP 110.10 SL 109.50

LEVEL EUR/USD 21 AGUSTUS 2008

EUR/USD
EUR/USD
Buy Stop 1.4750 TP 1.4780 SL 1.4720
Sell Stop 1.4700 TP 1.4670 SL 1.4730

LEVEL USD/CHF 21 AGUSTUS 2008

USD/CHF
USD/CHF
Sell Stop 1.0980 TP 1.0950 SL 1.1010
Buy Stop 1.1020 TP 1.1050 SL 1.0990

LEVEL GBP/JPY 21 AGUSTUS 2008

GBP/JPY
GBP/JPY
Buy Stop 205.00 TP 205.50 SL 204.50
Sell Stop 203.00 TP 202.50 SL 203.50

20 Agustus, 2008

Characteristics of Murray Math Line for Trading

Since, according to Gann, prices move in 1/8's, these 1/8's act as points of price support and resistance as an entity's price changes in time. Given this 1/8 characteristic of price action, Murrey assigns properties to each of the MML's in an a given octave. These properties are listed here for convenience.

8/8 th's and 0/8 th's Lines (Ultimate Resistance)

These lines are the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru these lines).

7/8 th's Line (Weak, Stall and Reverse)

This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line.

6/8 th's and 2/8 th's Lines (Pivot, Reverse)

These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down.

5/8 th's Line (Top of Trading Range)

The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level.


4/8 th's Line (Major Support/Resistance)

This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against.


3/8 th's Line (Bottom of Trading Range)

If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line.


1/8 th Line (Weak, Stall and Reverse)

This line is weak. If prices run down too far too fast, and if they stall at this line they will reverse up fast. If prices do not stall at this line they will move down to the 0/8 th's line.

LEVEL GBP/USD 20 AGUSTUS 2008

GBP/USDGBP/USD
Buy Stop 1.8680 TP 1.8710 SL 1.8650
Sell Stop 1.8640 TP 1.8610 SL 1.8670

LEVEL USD/JPY 20 AGUSTUS 2008

USD/JPYUSD/JPY
Buy Stop 109.90 TP 110.20 SL 109.60
Sell Stop 109.50 TP 109.20 SL 109.80

LEVEL EUR/USD 20 AGUSTUS 2008

EUR/USDEUR/USD
Sell Stop 1.4760 TP 1.4730 SL 1.4790
Buy Stop 1.4810 TP 1.4840 SL 1.4780

LEVEL USD/CHF 20 AGUSTUS 2008

USD/CHF

USD/CHF
Buy Stop 1.0930 TP 1.0960 SL 1.0900
Sell Stop 1.0890 TP 1.0860 SL 1.0920

LEVEL GBP/JPY 20 AGUSTUS 2008

GBP/JPYGBP/JPY
Buy Stop 206.50 TP 207.00 SL 206.00
Sell Stop 203.00 TP202.50 SL 203.50

19 Agustus, 2008

LEVEL GBP/USD 19 AGUSTUS 2008

GBP/USD
GBP/USD
Buy Stop 1.8680 TP 1.8710 SL 1.8650
Sell Stop 1.8610 TP 1.8580 SL 1.8640

LEVEL USD/JPY 19 AGUSTUS 2008

USD/JPYUSD/JPY
Buy Stop 110.20 TP 110.50 SL 109.90
Sell Stop 109.70 TP 109.40 SL 110.00

LEVEL EUR/USD 19 AGUSTUS 2008

EUR/USDEUR/USD
Buy Stop 1.4720 TP 1.4750 SL 1.4690
Sell Stop 1.4640 TP 1.4630 SL 1.4670

LEVEL USD/CHF 19 AGUSTUS 2008

USD/CHFUSD/CHF
Buy Stop 1.0990 TP 1.1020 SL 1.0960
Sell Stop 1.0940 TP 1.0910 SL 1.0970

LEVEL GBP/JPY 19 AGUSTUS 2008

GBP/JPYGBP/JPY
Buy Stop 206.40 TP 206.90 SL 205.90
Sell Stop 203.00 TP 202.50 SL 203.50

18 Agustus, 2008

LEVEL GBP/USD 18 AGUSTUS 2008

GBP/USD
GBP/USD

Sell Stop 1.8610 TP 1.85330 SL 1.8640
Buy Stop 1.8690 tp 1.8720 SL 1.8660

LEVEL USD/JPY 18 AGUSTUS 2008

USD/JPY
USD/JPY
Buy Stop 110.70 TP 111.00 SL 110.40
Sell Stop 110.10 TP 109.80 Sl 110.40

LEVEL EUR/USD 18 AGUSTUS 2008

EUR/USD
EUR/USD
Sell Stop 1.4640 TP 1.4630 SL 1.4670
Buy Stop 1.4720 TP 1.4750 SL 1.4690

LEVEL USD/CHF 18 AGUSTUS 2008

USD/CHF
USD/CHF
Sell Stop 1.0950 TP 1.0920 SL1.0980
Buy Stop 1.0990 TP 1.1020 SL 1.0960

LEVEL GBP/JPY 18 AGUSTUS 2008

GBP/JPY

GBP/JPY
Buy Stop 206.50 TP 207.00 SL 206.00
Sell Stop 203.00 TP 202.50 SL 203.50

16 Agustus, 2008

What's Forex

FOREX (Foreign Exchange Market) - The global currency market of an exchange of certain currency of one country to currency of another country at the coordinated rate for the certain date. FOREX does not have any certain location of trade. It is a huge network where the currency dealers connected among themselves by the means of telecommunications concentrated on all World Financial Centers are working round the clock as a uniform mechanism. The basic participants of the currency market are: commercial banks, currency stock exchanges, the central banks, the firms which are carrying out the foreign trade operations, investment funds, the broker companies, private persons.

What are the main benefits of trading in the forex market?

Many currency pairs are very volatile. Volatility means that they move a lot during the day, from side to side, allowing traders to capture sometimes 5-6 price swings per day, each one potentially allowing the trader to make impressive profits.

5-7 currency pairs to monitor (instead of over 10,000 stocks!), no commission trading, guaranteed fills for stop losses and limit orders, impressive leverage.

The forex market is a 24 hour market. Never stops. This means that as a forex trader you can chose exactly when to trade. Some traders have day jobs and do not have the necessary time to trade during the day so they can trade at night. People who make their living as forex traders can chose to trade any time of the day or night. The point being, a 24 hour market allows the trader a lot of flexibility.

15 Agustus, 2008

How Trading use Murrey Math

When I first started working with Murrey Math, I treated all the lines as simple pivots -
support/resistance areas which could be used to confirm buy/sell signals. I realised that some
levels are often repeated across different timeframes, which I thought simply made them
stronger pivots. Then over time I got to understand a little more about how the Murrey works
and here are a few tips from what I have learned so far. Firstly a bit about the individual lines
themselves:
Firstly there's the obvious - when the market is over-extended in either direction (i.e at the
overshoot or extreme overshoot lines) there's a good chance of a move back the other way,
especially if there is confirmation from other indicators.
Then there's the one we've mentioned - the two Murrey strategies:
Buy at 1/8 close at 4/8 or Buy at 0/8 close at 2/8
Sell at 7/8 close at 4/8 or Sell at 8/8 close at 6/8
I haven't tested these too much but from what I can tell a little discretion is involved - the
strike rate is not high enough to be purely mechanical about it.
The "Trading Range" lines might seem a bit confusing at first, given that the market spends
most of its time outside the trading range, but there's more to it than that - these lines are
actually very important in determining the state or sentiment of the market. Basically, when
the market is between the lines, it is in an undecided state (i.e a trading range). If it is above
the 5/8 line then the market can be considered bullish, likewise below 3/8 we are in a bearish
market. Hence 5/8 is a great support level for re-entering a long trend and 3/8 for short.
A break of these lines can be very important. For example- If the market has been above 5/8
for a period of time but breaks below, that is a sign of bullishness fading. A drop to 4/8
almost always follows, and at that point 5/8 becomes significant resistance, because a break
back above it would represent a re-establishing of the bullish scenario which had just
previously failed.
If the market does indeed re-test 5/8 and fail, that confirms that the bullish sentiment has
pretty much gone and an attempt at a move to 3/8 can be expected. If the market then
breaks below 3/8, it has definitively turned bearish - and 3/8 then becomes strong resistance
as a break back above would represent another change in sentiment, this time back to
indecision.
Note that sometimes the re-test doesn’t occur and the market will break one trading range
line and head straight for the other!


PREDICTION GBP/USD 15 AGUSTUS 2008

GBP/USDGBP/USD
Sell Stop 1.8540 TP 1.8510 SL 1.8570
Buy Stop 1.8690 TP 1.8720 SL 1.8660

PREDICTION USD/JPY 15 AGUSTUS 2008

USD/JPYUSD/JPY
Sell Stop 109.70 TP 109.40 SL 110.00
Buy Stop 110.20 TP 110.50 SL 109.90

PREDICTION EUR/USD 15 AGUSTUS 2008

EUR/USD
EUR/USD
Sell Stop 1.4760 TP 1.4730 SL 1.4790
Buy Stop 1.4940 TP 1.4970 SL 1.4910

PREDICTION USD/CHF 15 AGUSTUS 2008

USD/CHFUSD/CHF
Sell Stop 1.0950 TP 1.0920 SL 1.0980
Buy Stop 1.1000 TP 1.1030 SL 1.0970

PREDICTION GBP/JPY 15 AGUSTUS 2008

GBP/JPY
GBP/JPY
Buy Stop 206.40 TP 206.90 SL 205.90
Sell Stop 203.00 TP 202.50 SL 203.50

14 Agustus, 2008

PREDICTION GBP/USD 14 AGUSTUS 2008

GBP/USD
GBP/USD
Buy Stop 1.8810 TP 1.8840 SL 1.8780
Sell Stop 1.8670 TP 1.8640 SL 1.8770

PREDICTION USD/JPY 14 AGUSTUS 2008

USD/JPYUSD/JPY
Sell Stop 108.90 TP 108.60 SL 109.20
Buy Stop 109.50 TP 109.80 SL 109.20

PREDICTION EUR/USD 14 AGUSTUS 2008

EUR/USDEUR/USD
Buy Stop 1.4960 TP 1.4990 Sl 1.4930
Sell Stop 1.4890 TP 1.4860 Sl 1.4930

PREDICTION USD/CHF 14 AGUSTUS 2008

USD/CHFUSD/CHF
Buy Stop 1.0870 TP 1.0900 SL 1.0840
Sell Stop 1.0790 TP 1.0760 SL 1.0820

PREDICTION GBP/JPY 14 AGUSTUS 2008

GBP/JPYGBP/JPY
Buy Stop 206.50 TP 207.00 SL 206.00
Sell Stop 203.00 TP 202.50 SL 203.50