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Khamis, Mei 28, 2009

Tip's & Trick Safety to trade on forex

This technique is a tips how to trade in "Safe" without risk within the Forex market which have potential of 300% win and 300% lose.
First Tips
Support & Resistance (High and Highest, Low and Lowest)

In this section, it is difficult to explain.But it's very important, because it requires a relatively long analysis, before you make a decision.


Support & Resistance is the second key after pivot,Which pivot is a "Gravitiy price" with another calculation for the Support & Resistance.This snaphoot show's how do you can spot the Support & Resistance by the pivot, to provide a real market trend.


Second Tips
Stop Loss, Take Profit with Efficient

Take Profit on support and resistance and also for the Stop Loss.with this techniques you can actually buy or sell open positions more accurately follow the trends or movement candlesticks. (Same as the figure above)

Third Tips
Price Action (Bull & Bear = Trader!)

Price Action is one of the techniques that enable trader to forecast the future of a candlestick in the light of demand and supply (Bid & Ask).By using the Price Action,this technique must be combined with "Support & Resistance techniques" to identify the breakout the price,if the breakout signal has the known.

For an example, we will see prices at the lowest level, however, the actual price the lowest non-BID, but at ASK, and vice versa for the top price.

Recommended indicator to detect such trend is by using Moving Average,Parabolic SAR,Bull and Bear indicator.

Forth Tips
Pending Order (Back Step The Price, Goal your Profit)

"Pending Order" is the another way to reduce the risk of loss,Mostly trader are mistaken enter position on market.Compared with the buy and sell on the spot,the price moving unexpectedness.


Reason by using  pending orders are ,because trader can open position related to the Support & Resistance, Fibonacci Retracement by the way how do we open the position,Well from the Support & Resistance, a trader can identify the exact trend market and take profit target more accurately and Stop Loss with efficiently.


Fifth Tips
Money Management (Find Calculator!)

Money Management is essential tips how to maintain the account from Margin Call, in addition to saving stray to the loss of trade.Beware of hedging,at least try to avoid it.How to Calculate Money Management,We will discuss it later.


Sixth Tips
Trailing Stops Manual (Profit Hunt, Minimize Loss)

"Profit Lock".That words are appropriate if you open trade positions and already have a profit more than 15 pip (point).Because this technique only suitable for trailing stop.

But to use a trailing stop,the minimum profit must be 15 pip (point).By using Stop Loss correctly, you can create a manual trailing stop.It's like to secure your trade position, with maximizing profits in the long run,and reduce a loss position.

For Example :

GBP/USD :
Open position Buy on 1.5869,the trend goes up until 1.5909.Which you already have 40 pip floating profit.and then why don't you ? Put a stop loss on 20 pip,Why ? because if the trend change unexpectedness and the fundamental news is suddenly changed the market,you already have 20 pip on your account.It's simple isn't it.And don't forget to put Take Profit on it.


Seventh Tips
Balance Of Trade (Pivot is the key of volatility)

Balance of  Trade is a complicated technique, it requires at least two trends or two candlesticks to make it successful calculated, This techniques is almost like the Balance of Trade Support & Resistance, by using a pivot to provide answers for a  long term trend,Order Pending is recommended used here. If you look at the picture below, the technique is suitable to use the Pending Order.Somehow when you see a blue line on the chart you can imagine:
  • Buy Stop: In the line of Blue (Price in Zone Buy)
  • Sell Stop: Under the blue line (Price in Zone Sell)
  • You can put a Take Profit, based on previous Support & Resistance (Previous Bar)
  • Seek, as Camarilla Pivot Indicator, Floor and DeMark.
  • Can see the Intraday Trend of the Daily Candlestick analysis.
  • Breakout Confirmation easily to recognize.



Your Impression

5 ulasan:

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