Tuesday, April 19, 2011

Flip Line EuroUsd & UsdCad

FLIP LINE EUR/USD - 18 April 2011




Update: 19 April 2011

Flip Line UCad - 18 April 2011


Update UCad

Saturday, April 16, 2011

NU FLIP TRADE - Trade with Pullback Setup

CHART ONE: Trend & Flip Line In Higher Time Frame



CHART TWO: Pullback & First Swing Point Low (Bounces).. First Swing Point High..
Optimization: Entry at High of Bar after 'First Swing Point High' Present 



Friday, April 15, 2011

FLIP TRADE Setup April 2011

FLIP SETUP - UP TREND


CHART ONE - UP Trend Higher Time Frames

1. Identify UP trend
2. Identify FLIP LINE


CHART TWO - Trading Time Frames

1. Look for Pullback from Rising Peaks to Flip Line
2. Identify First Swing Point 'near' Flip Line



FLIP SETUP - DOWN TREND

CHART ONE - DOWN Trend Higher Time Frames

1. Identify DOWN trend
2. Identify FLIP LINE



CHART TWO - Trading Time Frames

1. Look for 'Pull -Up' from Falling Trough to Flip Line
2. Identify First Swing Point 'near' FLIP LINE


Thursday, April 14, 2011

Trend Trades Definitions

Definition of Trend

We defined UP trend as a series of rising troughs and rising peaks in higher time frames. To identify,  UP trend, we first identify troughs, but to say it is UP trend, we need to see 'rising troughs and rising peaks'.

We defined DOWN trend as a series of falling peaks and falling troughs in higher time frames. To identify downtrend, we first look at peaks but to say it is downtrend, we need to see 'falling peaks & falling troughs'.



NOTE:

Definition of FLIP.

In uptrend resistance can change role as support & vice versa. This is what we call FLIP. After breaks, price will make a new high in uptrend (rising peaks) or a new low in down trend (falling troughs'. Once price start to retrace, we will wait for price action within +50 to -50 from FLIP Line. We want to see First Swing Point. 


In higher time frames - we identify trend using trend definition. Next question, where the FLIP? In uptrend - the flip means at higher low & in DOWN trend the flip mean at lower high. And the Flip zone is within +50 & -50 from FLIP Line.

In higher time frames, we look at TREND & FLIP LINE

Definition Types Of pullback

During pullback, if the price bounces & formed the swing point at FLIP Line. We call this normal pullback & first swing point is the 'filter' for timing in entry. We identify pullback & first swing point in 'Trading Time Frames'.

During pullback if the price cross the Flip Line, bounce and formed the first swing point. We call this as Inside Pullback. We identify inside pullback and first swing point in 'Trading Time Frames'.


During the pullback, if the price bounce and formed swing point before reached the Flip Line, we call this as Outside Pullback. We identify outside pullback and first swing point in 'Trading Time Frames'.

So FLIP trades SETUP involved two part:

1. Trend & Flip Line in Higher Time Frames
2. Pullback & First Swing Point 'near' Flip Line in Trading Time Frames

Optimization: I defined near Flip Line as +50P to -50P from Flip Line.

Second Stage Is Timing or Pull the Trigger Definition:

ICON ONE  'Normal Pullback Long Trade Icon' only in Trading Time Frames.

ICON TWO 'Inside Pullback Long Trade Icon' in Trading Time Frames.

ICON THREE 'Outside Pullback Long Trade Icon' in Trading Time Frames.

Definition of Stop

Based on calculated risk reward ratio. First exit risk reward ratio  must be at least 1:2 or above.
First exit is always below existing 'new rising peaks' or above existing 'falling troughs' trading time frames or higher time frames. If existing 'new rising peaks' is 100P from entry; then SL must 50P or less. We identify 'good' trade based on risk reward ratio. If we have a setup can give '500P' by risk 50P - so this is consider as good setup.

Definition of Exit

First exit is based on calculated risk reward ratio 1:2.
Second exit is 'lets the profits' run until higher time frames trend reversed by definition.

Wednesday, April 13, 2011

Trade Pullback With Trend

What is trend trade?

A trend trade is a trade that takes a clear trend definition and trade the dips (pullback) on the UP trend and trades the rallys (pull-up) on a DOWN trend. Simple, Smart & Basic.


What we need to master for a trend trade is all this:-

1. To Open Position

a. Trend definition  & strategy for optimization (continue research)
b. Pullback (dips) & pull-up (rallys) definition & strategy for optimization (continue research)
c. Timing entry definition & strategy for optimization (continue research)

2. To Close Position

a. Stop definition & strategy for optimization (continue research)
b. Exit definition. & strategy for optimization (continue research)

So there are five structure all traders should master or at least get the 'right' definition and have a strategy for optimization then later to success in trend trades. Trend definition and pullbacks definition patterns will create a SETUP. Timing entry definition is a sign to PULL THE TRIGGER.Stop definition and exit definition is EXIT STRATEGY.

Three phase in trading are:-

1. Identify Setup - SETUPING
2. Pull the trigger - TIMING
3. Exit strategy - EXITING

Tuesday, April 12, 2011

Support & Resistance

Support and resistance are two basic elements that you need to master, if you want to success in trading . Learn how to identify key support and resistance levels, and you will know enough to create a great profitable trading system.

Support is the important price level where demand starts to rise so much that it prevents the price from further decline. It’s the level where buyers go into action and start buying.

Resistance is the price level where supply begins to be so high that it stops the price from further growth. It’s the level where sellers find the price so attractive that they sell heavily.

How do you find these levels?
There’s no special stock chart custom indicator. There are many ways and you use one of these simple techniques to identify these important levels.
  • Horizontal Price Level
  • Trendline
  • Moving average
  • Fibonacci Retracement Level
  • Round Numbers
Strength Of These Levels

The strength of the level is depend on 'time frames' you see the level. The strength of the level is depend the number of bounces. Level from a daily chart are more important than levels from H4 chart, and these are more important than levels from a 15 minute chart.Always remember that the 'higher time frames' is YOUR BOSS. So, you have to recognize levels that are more important than others, but again it’s very simple.

Every one of these levels can be broken

Nothing is forever. The same is with support and resistance. So, every one of these levels can be broken.

Remember, these simple but very important rules:
  • Broken resistance is now the new support level
  • Broken support is the new resistance level

Identify Trade Setup:
  1. Identify significant support and significant resistance.
  2. In DownTrend ( Refer Chart) - Identify recent peaks, troughs, falling peaks & falling troughs
  3. After falling troughs is made, price in Retracement or Pull-up.
  4. Plot Horizontal Line at 'Troughs'
  5. A horizontal level is much more a price zone than simply one price.
  6. Risk Taker Strategy - During retracement, we enter during the 1st Bounce at Horizontal Zone. We look for NickB Candle & James16 Price Actions. Never trade using 'market orders'. Risk is calculated using 'Price Actions'.
  7. Safe Strategy - During retracement, wait for 1st Bounce at 'Horizontal Zone' & Enter Trade on 2nd Bounces or 3rd Bounces .

Saturday, April 9, 2011

Trader Mind - Weekend Reading

I am a professional trader. I wait for my signals to setup, when my signals setup i act decisively and trade. if the trade wins i have no more emotions than if it is going against me.when there is no trade setup i am not tempted to trade. when there is no trade setup i feel happy that im out of the market as my system works.

I am respected by my peers who look to me for sound advice. when i give advice i give it in a good spirit.i am a professional trader with a good attitude. i stick to my trading plan and do not deviate from it. when i am tempted to trade outside my system i remind myself that good things come to those who wait.i do not give my profits back to the market because i wait for my trading setups. when my trading setups appear more often than not they are good signals. i take the losing trades with the same steely attitude as i take the winners.

when i am in a winning trade i am not under any pressure to close them early. when in a winning trade i move my stop according to my system to capture maximum profit from the trade. i am happy to trade one position a day if the market only offers that. i am happy if there is no trade at all during the day secure in the knowledge that a trade will come along soon. i do not get tense about placing a trade as my system works.

i recognise that the greatest trading mistake is to lose patience and enter early or without a signal. i recognise that professional traders are set aside by two things - discipline and attitude. I have the discipline to only take trades when my system gives a clear signal that my chances of a good trade are favorable. when my chances are not favorable i simply sit back and wait until they are favorable.

When my trade is going against me i do not hold onto the hope that it will turn around. I never move my stop in an unfavorable direction and know that even if this one is a loss maker that overall i will come out positive. I am comfortable with losing trades as much as winning ones. I am a professional trader.

I listen and take note of others but do not allow their thoughts to change my system. i can learn from all my peers even if they are beginners as sometimes they see the obvious. my trading style is good and makes money. I am happy to be a trader. I am a professional trader with a professional attitude and i feel great!

Wednesday, April 6, 2011

Praktis Lukis Chart

Focus On The Process, Not On The Profits - Babypips. Com



TQ

FLIP Setup


For example in UPTREND -------> FLIP TRADE SETUP ------> In Higher Time Frames, we identify the Trend by looking a price 'identical patterns', so at first we identify the Troughs. We must start with the Troughs (T). Then we look at first significant resistance that is first peaks (P) after troughs. This resistance peaks (P) may have single or multiple bounces. As general rules, the more the bounces at peaks (P), the resistance is stronger. And due to strong resistance, price will do pullback and we will see formation of 'rising troughs' - (RTs). Price will try another attempts to breaks resistance at P, if the price successfully do breakouts, we will see new high or new resistance so the rising peaks (RPs) is formed. If we see significant new high, that means this breakouts suggest the current trend is continues in uptrend. Why? By definition, the trend is UP if we see 'series of rising troughs and rising peaks'. After breakouts, new resistance (RPs) will retrace or do pullback due to profits taking. What we see here is identical price patterns forming Troughs, Peaks, Rising Troughss, Breakouts, Rising Peaks and Pullback for profits taking. Once price start to do 'pullback' - this the currency i want to monitor closely.  

Previous resistance (P) may FLIP her function and act as support. During Pullback from Rising Peaks, if the price 'bounce' near the 'previous resistance (P) FLIP Line, this will confirmed the role of (P) as resistance now FLIP it function as support. However, during pullback, if the price breaks 'previous resistance (P) and formed significant 'low' and beyond the 'expected zone' - let it be. That means, we see 'NO FLIP' and its better to 'wait' another 'FLIP' setup. Just remember that, we want to see 'FLIP PHENOMENON' exists before we enter the trade. If we plot 'FLIP' horizontal line started at previous resistance (P), if the price 'bounces' near this FLIP LINE either normal, inside or outside bounce line, THE FLIP is valid. This FLIP LINE or ZONE maybe a new 'rising troughs' (RTs). This previous resistance (P) now FLIP it function to act as support (RTs). In uptrend - we will look for opportunity to buy here at FLIP LINE. If the price breaks and make a significant 'new low' from FLIP LINE; than the 'FLIP ROLE' is not valid. So lets the chart speaks to you. By the way, we don't enter the trade based on first bounce during Pullback. Flip Line act as important 'filter' for this 'flip' setup.

One of important trading rules is always buy at at support and sell at resistance. Buy Low & Sell High.My best definition for entry at support or low in uptrend is at FLIP LINE once the FLIP is confirmed by first swing point at FLIP ZONE. Remember, in uptrend, the FLIP is valid once the 'P' horizontal line is tested. If the price 'bounces' from this horizontal line, then the previous resistance (P), confirmed FLIP as support now. Once the price bounce from this FLIP Line or Zone, then i need to wait for entry at the same 'price' level or 'near' the FLIP line once the price test this zone again either on 2nd or 3rd attempt as long as price never test new resistance (RPs) level. If the price 'test' rising peaks first before 'test' FLIP LINE on 2nd or '3rd' attempts - the SETUP is not valid as the price is making 'double top' might be a sign of topping. 

1. In summary, in uptrend, buy at flip zone on 2nd or 3rd test as long as price never touch the rising peaks. In uptrend, after identify troughs, i will look for peaks. Once the price start to retrace & formed rising troughs. I will wait for breakouts at 'peaks', wait for significant 'new resistance' or rising peaks. I will plot FLIP LINE at 'peaks'. I will wait for price to retrace and bounces near 'FLIP LINE'. Once the price bounce from this FLIP LINE, we look for 'swing point'. The FLIP role confirmed. I will use swing point as filter and set PO at this line or zone. I will set stop loss just below the flip zone & with first target profits below the rising peaks. I will take 'the trade' as long reward is double than the risk. So if the trade offer good risk reward then i will take it. If i have time to monitor, i will monitor each time the candle die to see opportunity to enter at best price 'near' flip line. I will use higher time frame to identify the trend and flip line. I will use 'trading time frames. to identify pullback and first swing point. I will use trading time frames to timing the entry, set a stop loss and target profits.


If the pullback from rising peaks is strong and price cross far away from this FLIP LINE - let it be, we will wait for another FLIP TRADE setup. The FLIP maybe single line, but most of the time its a zone with 'certain' pips ranges. Its an art to learn to identify this FLIP zones. 

To optimize this FLIP METHOD, i will continue doing research 'in identifying' the best 'SWING POINT' at FLIP ZONE. In future, i hope i can enter trade - based on price action at FLIP LINE during First Bounce.

Some ideas are:-

1. During pullback, I will identify first bounce 'near' flip line by using fibo sequence number. 
2. During pullback, I will identify first bounce 'near' flip line by using 'round' number.
3. During pullback, I will identify first bounce 'near' flip line high or low; wick or body bounce.
4. During pullback, i will use 'price patterns' confluent with 1,2 & 3.

All entry is by 'using' stop order. I decide the trade 'once' the candle 'die'. Stop Loss is based on price action in 'trading zone'.

PRAKTIS TO MASTER THE SETUP

I'm using MT4 platform. In each time frames, i will label the price trend label using symbol P as Peaks, T as Troughs, RPs, RTs or FTs or FPs. I must have a discipline to label price action on chart every time the candle die or at least, we update the PA on chart everyday in each time frames.

Trend PA is the main core the technique... habit of label PA on chart, will train you well in making the decision and identify the setup.  

Once i identify the trend & flip line - i will monitor this 'currency' on trading 'time frames'. I will look for 'pullback' and 'first swing point'. Once the setup is 'complete', i will pull the trigger using PENDING ORDER. I then continue to 'monitor' at higher Time Frames.

Note: Please label all PA Trend 'according' to time frames. So i can't view that 'label' if you flip to other time frames.

Monday, April 4, 2011

Trend Analysis

At first glance, chart above suggest that there is possibility for trend reversal because the price breaks the TRENDLINE and there is FLIP Line. 

However after zoom out, based on trend definition, the H4 UP trend still intact because of formation of Rising Peaks & Rising Troughs. UP trend is series of Rising Troughs & Rising Peaks.

I will continue to assume UP trend until price breaks recent Rising Troughs.

Sunday, April 3, 2011

Articles By Toni Hansen for Weekend Readings

8 Traits of a Successful Trader
 
The market is an ever-changing entity, each day presenting us with different and unique scenarios with no two days every the same. Nevertheless, the market is more or less a reflection of people's ideas and attitudes and while it is also true that no two people are alike, each and every one of us has something in common with someone else, whether it’s the way we get out of bed in the morning or the foods we prefer to eat. 

Additionally, we tend to repeat actions, such as preferring to brush our teeth at a certain time of day or making sure we try to catch the Thursday night prime time television shows. No matter which angle you look at it from, humans are creatures of habit and this tendency gets reflected in a security’s price movement. It's what makes technical analysis a reliable and profitable method for analyzing the market.

Unfortunately, technical analysis is not always cut and dry. The same core pattern does not work the same way in every market environment. For instance, one of the setups I often look for on a daily chart is a 3-5 day pullback in an uptrending stock for buying opportunities. Where newer traders tend to get in trouble, however, is taking such a setup to mean that every time an uptrending stock pulls back 3-5 days and then breaks the previous day's highs that it means they should buy it. In reality, there are always exceptions and its learning what these are that can be the dividing line between those traders who are successful and those who fail. In this example, how a security pulls back in a primary uptrend, as well as overall market conditions, will greatly influence whether taking such a pullback as a long is really worth the risk to reward. In some cases it is not.

The ability to adjust to changing market circumstances is just one of the traits of a successful trader. In truth though, there are quite a few. Over the years I’ve mentored quite a few traders. Many succeeded, but many of the traders I have spoken with over the years have failed. I have observed a number of traits which are present in those who succeed. Some of the top traits of successful traders are as follows: 

1. They stay neutral;
2. They have a business plan;
3. They keep a journal;
4. They focus on several techniques that suit them well;
5. They are great money managers;
6. They are comfortable with risk and uncertainty;
7. They accept personal responsibility for all of their trading action; and
8. They use risk capital to trade.

1. Staying Neutral

You're probably wondering away just what do I mean by “staying neutral.” When you are chatting with your trading buddies online or reading a message board and all you hear are how the market maker or specialist is out to get them, or how one minute they are a market god and the next they have what is certifiably the worst luck in the entire world, then you are dealing with a trader that is NOT staying neutral! They are letting each trade or each trading day rule their emotions and this pressure builds upon itself, making it very difficult to succeed.

The professionals don't let the day to day oscillations in their accounts faze them. The results of one day of trading, or even a few weeks or a month are not as important to them as the average over time. Among most of the professional traders I know, you cannot tell by their mere appearance whether or not they had a great day in the market or if they lost. Sure, they may tell you one way or the other.

We are not robots devoid of all emotion after all, but when we leave the market for the day after a difficult session, we are able to disassociate it from the rest of the world and don’t spend the rest of the day complaining or moping around the house thinking that entire world must be out to get us. Similarly, on a great day, we do not call up every person we can think of and tell them how we rule the market universe. Extreme emotional responses either way will often lead to greater difficulty in the market since emotions take over from reason and can often override it, making it difficult to remain objective. 

2. Have business Plan

Most successful traders also have a business plan. As in any other profession, it’s important to know what it entails in order to succeed. As in any business, this consists of a set of rules or guidelines to help keep the trader on track and from making decisions purely on a whim.

Would you open a restaurant with out a plan? No, or at least I really hope that you wouldn’t! A new restaurant owner must take into account the type of cuisine they wish to serve, the décor of the restaurant, the hours of operation, to whom they are catering as clientele, etc.

As in the restaurant business, traders must also have a business plan. A partial list of the questions you should be asking yourself and including in your trading plan are as follows:

How must time will you spend study and trading?
What techniques and strategies you will focus on?
What are the expenses involved in becoming a trader?
What is your maximum loss limit, not only per position, but on your account as a whole?
What are your objectives?
etc...

The more comprehensive your plan is, the better. You can always go back and change it, modifying it to suit your development as a trader. I find that it is very helpful, for instance, to go back and read over my techniques and goals whenever I am in a slump and my progress has stalled. It helps me maintain the right frame of mind so that I can push forward.

3. Keep a Journal

One of the first questions I ask any of my new clients is whether or not they have a trading journal, and if you, what does it consist of.

Most traders don’t even have a journal. Those that do have one typically keep it in a spreadsheet format. This offers very few insights into a trader’s personal style and strengths and weaknesses. Some things to consider when developing a trading journal are:

What techniques were used in locating the position?
Did you follow your entry, stop and exit criteria?
What pros and cons did the setup have?
What, if anything could you have done better and what are you most proud of?

It is also important to print out a chart of your trade. Mark both the entry and exit on the chart. If necessary, print it out on several time frames to show the details of the position.

4. Focus on Several Techniques that Work Well

Let’s take a minute to look at a typical college student. What kind of person majors in general studies? Unless they go on to focus on a specific occupation in graduate school or law school, etc., well-paying jobs will be hard to find for most of these students upon graduation. Instead, for those who focus their studies in one field, and more specially, one subdivision of that field, demand for their skills will be much higher. If you focus on just a few techniques, it allows you to really become an expert on the technique you are using. Great traders have several strategies that are their bread and butter plays and they will focus on them for as long as the market conditions favor them.
Remember: The jack of all trades and master of none is usually a low-paid, unskilled worker.

5. Being a Great Money Manager

Great traders are also great risk managers. They respect the risks they are taking and on each trade they risk a small amount of capital. Usually this is 1/4% to 1% per position (and no more than 2%). The idea is that you can't trade tomorrow if you blow out today and if you can't trade you won't be a great trader, now will you?
Great traders protect their accounts. It's their baby. Each position is so small they don't really care what happens with it. It's just a nick... win, lose, or draw. So, if they have a 200K account and are risking 1/4% on each trade, if they take a stop they are out $500. That's a very small amount of money compared to the account. They can take a couple of hits and still be in the game.

6. Being Comfortable with Risk and Uncertainty

The sixth trait of great traders is that they are comfortable with risk. Let's face it, trading is certainly risky and if you are afraid of the risk you won't last. If you are afraid you will lose money, then I can say with near-certainty that you will.

Great traders are comfortable trading a pattern that is not a 100% sure-thing, because there simply is no such thing. Many new traders have a terrible time with this: the uncertainty of a trade, but you must over come it. It is very easy to allow yourself to become frozen with fear over the risks and uncertainties of trading. Great traders get beyond it.

7. Accepting Personal Responsibility

Great traders accept personal responsibility for everything they do, even to an extreme. If I loan you $100 and you never pay me back, then yes, perhaps you are not a very honorable person, but I also made a poor choice to lend you the money in the first place. I made that choice, however, and I must accept personal responsibility for that action.

The same concept applies to trading. Many traders, lacking the expertise and confidence to make all their own decisions to begin with, will rely upon others for advice. The input may come from CNBC or it may come from a newsletter service or trading chatroom or message board. It doesn’t matter where you get the original idea from, it is still up to you to implement it or not and you have the due diligence to stand behind your decisions and make them your own, whether they succeed or fail.

8. Using Risk Capital to Trade

Finally, great traders use risk capital. This should be obvious. They trade with money they can afford to lose. It is very difficult to trade well if you are worrying about paying your mortgage or putting food on the table. I’ve also seen a number of traders over the years take out equity loans to open a trading account. You are supposed to be limiting your risk and outside stressors, not adding to them if you wish to succeed. If you think you can be one of the exceptions, then you should really think again!

Trading with risk capital frees up your mind. It lets you trade and not worry about every little stop you have. You can just focus on trading correctly instead of trying to force yourself to meet certain financial needs. They say scared money never wins. Well, I have yet to see a person who has no other source of income or savings make a living off their $5,000 trading account.

Many of these traits may take a bit of time to acquire. Overcoming the fear of loss, for instance, haunts many, but by focusing upon these traits and characteristics, my hope is that you may model your own frame of mind to those who have come before you and have made the leap to a successful and long-lasting career in the markets. It is said that the majority of successful people in the world became such by following in the footsteps of others, their mentors. Even if you do not have one specific person in mind, familiarizing oneself with the traits of those whom have succeeded before you is a great place to begin!

Sumber: Klik Sini

Kepentingan Sejarah Di Masa Hadapan (BM)

Setiap detik yang berlaku pada diri anda dimasa yang lalu adalah sejarah. Namun adakah setiap detik yang berlaku; anda ingin catatkan sebagai sejarah yang penting. Setiap hari anda 'breakfast' pada jam 8.00 pagi. Adakah ini sejarah yang penting untuk anda catatkan sebagai sejarah. 13 April merupakan ulangtahun kelahiran aku, hari ini wife dan anak aku telah mengingatkan aku akan tarikh itu, tahun lepas aku 'belanja' something kepada mereka. Ia menjadi kenangan  untuk mereka tidak melupakan 'tarikh' itu. Mungkin tahun ini, aku belanja 'something' dan tahun depan 'mereka' akan mengingatkan lagi kepada aku tentang tarikh ini..

Sejarah akan menjadi rujukan dimasa hadapan, sekiranya 'sejarah' tersebut memberi 'kenangan'. Jika sejarah tersebut memberi 'memori', maka ia akan terus dikenang. Peristiwa September 11 & peristiwa 13 Mei mempunyai impak yang tersendiri untuk menyebabkan kita akan merujuk kepada tarikh tersebut. Jika 'tarikh' itu muncul semula, ia akan di 'kenang'.

Pergerakan 'price' yang berlalu menjadi sejarah; namun bukannya setiap saat yang berlalu itu memberi 'memori' kepada trader; tambahan pula untuk menjadi 'memori' kepada 'ramai trader'.

Pada 'price' atau 'level' manakah; price akan menjadi 'memori' kepada 'trader' untuk dirujuk pada masa 'hadapan'?

Persoalan ini akan menjadi 'fokus' utama aku dalam mengenal perkataan 'support' dan 'resistance' di dunia forex.

Saturday, April 2, 2011

What Currency To Buy or To Sell

1. CAD - CHF Trend Down

2. USD - CHF Suggest 'Sell' Aja..

3. NZD - CHF Trend Down

- So Buy CHF is good idea, jika ada peluang.

1. EUR - USD Trend Up

2. EUR - AUD Trend Up 'suggest' Buy Aja

- So BUY EUR is not a bad idea, jika ada peluang

1. NU Trend Down

2. NZD - CAD - Suggest 'Sell' Aja

3. NZD - CHF - Trend Down

- So Buy NZD is not bad idea, jika ada peluang

1. CAD - CHF - Trend Down

2. NZD - CAD - suggest 'Sell' Aja

 - Kena pilih setup yang terbaik, jika ada peluang untuk 'buy' CAD

Action Zone Untuk Next Week


CAD CHF - Trend Down

EURUSD - Up Trend

EURAUD - Suggest BUY 'aja'

EURAUD - Suggest BUY 'aja'

NZDUSD - Trend Down

NZDCAD - Suggest SELL 'Aja'

NZDCHF - Trend Down

USDCHF - Suggest SELL 'aja'

Friday, April 1, 2011

Mind Control During Trading


Trade What You See, Not What You Want To See or Not What You Think It Will Be.. That may be most of your problem. It was mine.

Stop thinking that you know what the market is going to do. 

You don't. If you are going to trade the trend, trade the trend. Don't trade what you think the trend is going to do. Trend traders nemesis... thinking the trend is overbought/oversold (another name for top/bottom picking).

If the trend is up, buy every dip, you will only be wrong once... at the top when it fails to make a higher high. If the trend is down, short every ding, you will only be wrong once, when it fail to make a lower low. Don't think, just take the trade.

Learn price action (PA). Everything starts from there. Clear a chart of your favorite timeframe (TF), no indicators, ma's, nothing... but price bars or candlestick. Color your bars... up bars (close higher than open) one color, down bars (close lower than open) another color.

Identify the PA by marking Peaks (P), ), Troughs (T), Rising Troughs RT), Rising Peaks (RP), Falling Peaks (FP) and Falling Troughs (FT) and bounces. Mark area's of consolidation (arrow or shades). Consolidation is when there are lots of bounces, and no Rising Peaks or Falling Troughs are made..

After you do this for a few weeks and you will begin to see the patterns. Short the Falling Peaks (FP) after a Falling Troughs... or buy the Rising Troughs after a Rising Peaks. I use range bars, makes it much easier and consistent.