NO MANS LAND GUEST POST - great forex trading books

NO MANS LAND GUEST POST ~ great forex trading books

The No Mans Land Strategy is actually a very simple strategy.

It is based on Multiple Time Frames, Moving Averages (5 - 22 - 42) , and Pivot Points (for Support and Resistance), and I only run it on GBP.

The signal is generated from H4 Candle. I take the previous High + 10 pips ( you may use any number you like) + spread as a Buy Stop Order, while for the Sell Stop Order is previous Low - 10 pips.

Suppose I have a target 20 pips from my Buy Stop or Sell Stop Order. I then look to see whether there are some Support/Resistance or MA or Trendline Support/Resistance ahead to act as a barrier to the move I want to make. If there is, then I use the next S/R or MA or trendline S/R as a new point of calculation for my Buy Stop or Sell Stop Order. I repeat this step on the H4, H1, M30, M15 and M5.

Here is an example :
Prev High of H4 : 1.6300
Prev Low of H4 : 1.6250
Spread : 3 pips

Buy Stop order : 1.6300 + 10 + 3 = 1.6313 --> TP 20 pips = 1.6333
Sell Stop order : 1.6250 - 10 = 1.6240 --> TP 20 pips = 1.6220

I check my H4 Chart, to see if there is any resistance from 1.6313 to 1.6333, if not, then I go to my H1.
I continue repeating the above step. Suppose I find Resistance on 1.6320. I then recalculate making 1.6320 the new basis for calculating my Buy Stop Order.
So my new calculation is : 1.6320 + 10 + 3 = 1.6333 ---> TP 20 pips = 1.6353.
Then I recheck to see if there is any resistance that might prevent me from reaching my new target.

I do this until I get to M5.

This is why I called this strategy : No Mans Land.
Pivots, S/R, MA, Trendlines S/R are things that I consider landowners.

For example:
There is Pivot Resistance at 1.6250 and Trendlines R on 1.6265. This 15 pips distance I consider as "Pivots Land and Trendlines Land."
I dont want to fight either Lands owner, so I avoid them. I prefer to trade on "No Mans Land" where, there is no land owner who will be angry if I steal a few pips from the market.

I do the exact opposite for my Sell Stop Order. For the trendline I use the DeMark Indicator found at the Forex Factory.

The idea behind this strategy is to make a high percentage of winning trades. It works very nicely at the London open, around 6-7 GMT, depending on H4 cycle from the brokers chart we use to analyze. ( I like to use the ALPARI-UK, as I trade the London open).

I usually look to gain 20 pips; but if I am constantly profitable with this strategy, I think I can be one of the few winner in the forex market. The BIG BOSS who drives the market, that come from the big financial institutions and old-fashioned people who use just candlestick pattern and support-resistance as their trading guide; I am trying not to fight them, but to align myself with them.

Thanks Eko and Aan

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FEAR - best forex trading books to read

FEAR ~ best forex trading books to read

How many times have you let the perfect trade pass you by? The trade that was screaming for you to take it, but fear kept you from pulling the trigger; then once you saw what a fat trade it turned out to be; you beat yourself up.

Most of us have heard that classic acronym for Fear:

F-False
E-Evidence
A-Appearing
R-Real

There are a million ways to be successful in this market, but most people defeat their own success with fear. Fear is that paralyzing emotion that happens when you feel certain that you should pull the trigger, but cant.

As a trader, Fear can be an almost constant companion.........
How do you tame this beast??? What can be done about this monster that creeps into your psyche and holds you hostage????????

If you find yourself victim to this dreadful enemy. Stop trading your real money and paper/demo trade for a while. Make note of every trade and write down what is working most of the time. When you miss it, write down what happened and what you can do to improve your odds. This will take the discipline that most people lack, but it can be a big help. Also feed yourself new messages about your ability to succeed in this market. Read about others who are doing it and how they are getting this done.

A solid education will also help tweak and perfect your skills. The Market is an arena that is always offering you an opportunity to sharpen your skills. Learn, Learn, Learn.

Practice pulling the trigger on trades that are showing you a clear advantage and practice letting them ride into glorious profit. "Remember the shorter your time frame, the shorter your profit run will be...........

You have got to talk to yourself about who you are, (ex: "I am a super forex trader, making more money in the market than I can spend.") Dont keep feeding that demon thats telling you this wont work for you. The one that keeps telling you when you take a hit, you cant do this, or GOD helps everyone else but you, or any of that other nonsense......

I would say that your mental ability to play this game is even more essential to your success than your education. You can not be afraid of good smart calculated risk if you are going to win at this game.

You are looking for trades that stack the odds in your favor. Trades that are showing you a clear advantage. Trades that are begging you to come and partake of the sweetness.

Every time you enter the market you take a risk, but you want to find the lowest risk entry trades. There will be times that despite your best efforts, you will still miss it. So what, cut the legs off of that monster, save your capital and thrive to trade another day. The market is very generous and will give you the opportunity to make your loss back and so much more. If you took a hit yesterday, so what; that no longer exists. Today is a new trading day filled with new trading opportunities.

When I take a hit, I just wait for another good entry and usually I will get all of the money back that I lost in the hit and then some. THE MARKET IS VERY GENEROUS AND WILL GIVE YOU MANY OPPORTUNITIES FOR PROFITS.

1. Exceptional Trading requires discipline, patience, education, good money management and the ability to pull the trigger on a good entry in spite of any present fear.

Demo trade, Demo trade, Demo trade, and fill your head with good positive things about your ability and who you are as a trader until you are consistently profitable and until you can pull the trigger on trades with confidence.

YOU CAN DO THIS (^_^)

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WE ARE PROUD TO INFORM YOU ALL THAT WE ARE GOING TO CONDUCT OUR 2nd FOREX MCX AWARENESS PROGRAM CHENNAI - forex trading tutorial urdu

WE ARE PROUD TO INFORM YOU ALL THAT WE ARE GOING TO CONDUCT OUR 2nd FOREX MCX AWARENESS PROGRAM CHENNAI ~ forex trading tutorial urdu

DEAR FRIENDS AND CLIENTS

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WE ARE PROUD TO INFORM YOU ALL THAT WE ARE GOING TO CONDUCT OUR 2nd FOREX/MCX AWARENESS PROGRAM @ CHENNAI

ITS A GREAT OPPORTUNITY FOR U ALL TO MAKE YOUR KNOWLEDGE IN TRADING..

SO DONT MISS THIS CHANCE ...BOOK YOUR SEATS TODAY..ONLY LIMITED SEATS AVAILABLE

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Tags: forex seminars, forex tamil seminars, meetings forex, forex meetings in chennai

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Investing Basics – What Are Your Investment Goals - forex trading flowchart

Investing Basics – What Are Your Investment Goals ~ forex trading flowchart

When it comes to investing, many first time investors want to jump right in with both feet. Unfortunately, very few of those investors are successful. Investing in anything requires some degree of skill. It is important to remember that few investments are a sure thing – there is the risk of losing your money!

Before you jump right in, it is better to not only find out more about investing and how it all works, but also to determine what your goals are. What do you hope to achieve with your investments? Will you be funding a college education? Buying a home? Retiring? Before you invest a single penny, really think about what you hope to achieve with that investment. Knowing what your goal is will help you make smarter investment decisions along the way!

Too often, people invest money with dreams of becoming rich overnight. This is possible – but it is also rare. It is usually a very bad idea to start investing with hopes of becoming rich overnight. It is safer to invest your money in such a way that it will grow slowly over time, and be used for retirement or a child’s education. However, if your investment goal is to get rich quick, you should learn as much about high-yield, short term investing as you possibly can before you invest.

You should strongly consider talking to a financial planner before making any investments. Your financial planner can help you determine what type of investing you must do to reach the financial goals that you have set. He or she can give you realistic information as to what kind of returns you can expect and how long it will take to reach your specific goals.

Again, remember that investing requires more than calling a broker and telling them that you want to buy stocks or bonds. It takes a certain amount of research and knowledge about the market if you hope to invest successfully.

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YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD! - forex trading books in tamil

YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD! ~ forex trading books in tamil

 

Believe Your Eyes

Trading is a psychological warfare that even when you are winning, they are still messing with your head (manipulating your mind).  There are times like doji days when the market is so frustrating that you feel like your head is going to explode. When you crawl away, your emotions are so frayed and you are so battle scarred that you dont know what to do with all of that bottled up frustration and anger.

No matter how much you try to find the edge, it keeps alluding you.  You keep digging a deeper and deeper hole, losing more money,  and the pressure builds until your mind is tied in a knot so tightly that you lash out whether verbally or physically. After this kind of a day of brain-bashing, confidence-shaking, emotional upheaval cause by a choppy market; you are in a kind of market shell shock or psychological trauma.

I dont know all of the answers, but I have a few suggestions when you feel out-of-control.  First push your chair away from your screen and distract yourself with something more relaxing, stress relieving and fun.  Sometimes, you will have to take a day or two off just regaining your focus and rebuilding your confidence.

After you have created the distraction by dancing, working-out, meditating, visiting a friend, going to the movies, etc., come back to good solid forex education like this and reinforce what you know to be true.  Go study those tricky charts, watch videos, talk to other traders,-------DO WHATEVER IT TAKES TO HELP YOU REGAIN YOUR EDGE!

After they have given you a good spin in the blender, the market will usually trend again HARD, but so many traders are still in such a state of shock, panic and anger from the day/week of spinning that they miss the really good trend. 

The most important thing you can do during and after these times is to trade a good plan with consistent discipline even on losing days.  Bad trading days tempt you to abandon good, solid trading habits, but DONT DO IT !  If you abandon a good plan,  when the market comes back - you wont trade it out of fear that the market is going to turn on you again.

The psychological effects of trading can be much more devastating than any amount of money that you lose, it is a sort of mental scarring that can take place after a really hard trading bout, therefore you must trade a good plan consistently.  Cut bad trades quickly and ALLOW YOUR WINNERS TO RUN!!! It maybe hard, but doing these things will give you the edge and KEEP YOU IN CONTROL during the hard times.

NEVER HOLD ON TO A BAD TRADE NO MATTER WHAT........CHOPPY MARKETS ARE SET-UP MARKETS!

YOU CAN DO THIS (^_^)!

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WHAT ARE MARKET MAKERS - forex trading best selling books

WHAT ARE MARKET MAKERS ~ forex trading best selling books

In the financial markets, we often hear the term Market Makers, but who are the Market Makers and what do they do????????????

Market Makers are the people who insure that your orders get filled, they keep the market liquid. If you want to move 3,000,000 shares of xyz and there is no buyer waiting for those shares; the Market Makers will buy those shares from you even if though there is no buyer on the other end of the transaction.

Wont the Market Maker go broke doing this???????????

No the Market Makers are Banks and very large financial institution that make their money off of the the difference between the Bid/Ask price which is referred to as the spread. The spread acts to offset the risk of their buying your xyz with no seller lined up in case something goes wrong. Though the spread is often very little, millions of transactions a day creates a very lucrative profit for the Market Maker.

The Market Maker makes money by buying your xzy at 25.5 and reselling it at 25.8. The Market Marker buys low and sells high or sell high and buy low. The Market Maker takes advantages of both the buy/sell, making money in both directions as the market goes up and as the market comes down.

Can a Maker Maker lose money??????????

Sure, if the Market Maker misjudges the market sentiment thinking that the market is going to go up when it comes down. If he bought your xyz at 25.5 and it falls to 13.3, the Market Maker is in trouble if unable to get rid of those shares before price plummets .

Market Makers also get rebates from ECNs (electronic communication networks) for each share that is sold to you at the bid price. On the other hand, the trader who buys the bid of an ECN (your trading platform) is charged a fee. The Market Maker will profit regardless of what kind of order you place whether buy/sell.

In short the market maker makes it possible for you to buy/sell whether there is an existing counterpart to your trade or not for a small fee as long as there is a bid/ask price available.


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YOU CAN DO THIS (^_^)

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Ten Vital Technical Indicators for the Stock Market - forex trading from charts

Ten Vital Technical Indicators for the Stock Market ~ forex trading from charts

Several experts agree at one point. That is, it is not enough that you have an ample knowledge regarding the stock market. You must conceptualize your trading plans. You can only say that what you have there is a good trade when you know that you have followed the conditions and rules. You should not tie yourself too much to the assumed outcome. Rather, you need to concert your best efforts to drive towards that outcome. Your emotions also play part in effective trading. In other words, you should not let other people pull the trigger for you but you must do it yourself.

The Ten Vital Technical Indicators for the Stock Market

Here are the mostly adhered to stock market indicators. Learn each one of them and apply them along with your plans.

1.  The Price.

Just think of patterns. Imagine them moving towards a particular direction. It is by means of which that you can determine the course of action to which the price is moving towards.

2.  The Volume.

Your own conviction matters a lot. This indicator basically works hand in hand with the price. So that you will be able to get the relevance of volume, you must learn of the baseline or the percent change in an average day.

3.  Support and Resistance.

This provides you with the clue on the direction to which the market is heading towards. Remember that human emotions pose a great effect on this one.

4.  Moving Averages.

This is one perfect tool that lets you notice any particular change in the trend. Moving averages actually gauge the selling and buying pressures. This technical indicator is then based on the underlying concept that there is no commodity which can carry on either an uptrend or downtrend without succumbing to the buying and selling pressure.

5.  Market Internals.

They show you the way the internals act using some key price levels. They will likewise help you out in confirming the acceptance or rejection of the support or resistance.

6.  Bollinger Bands.

This tool is geared towards determining the time period when there is the low or high volatility of the stock.

7.  ADX.

This indicator further calculates how strong a trend can be and if it can be utterly useful or not. When you see high readings, it means that there is indeed a strong trend. On the other hand, the low readings show a weak trend.

8.  Stochastic.

It includes the "buy signals" which point out that there is a lower risk opportunity as it is trending down and the divergence which means that the indicator either reaches the new high or low trend in the market and it therefore fails to acquire it.

9.  RSI.

Relative Strength Index is one of the leading indicators. It gives off two valuable signals—an overbought stock is up by above level 70 while an oversold stock is below level 30.

10. MACD.

Moving Average Convergence Divergence is one trend that follows a momentum indicator. It spots any reversing trends too.

Therefore, make use of these basic and most vital technical indicators as you tackle the business in the stock market. After all, your success lies on your wisest decisions.

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Beginning FOREX How Are Lots Traded What The Heck Is A Pip - forex.trading charts economic calendar

Beginning FOREX How Are Lots Traded What The Heck Is A Pip ~ forex.trading charts economic calendar

If you are new to Forex, no doubt you are confused by all of the strange and unfamiliar terminology. For example, what is a pip? Also, you are probably already aware that Forex trading can be risky. How can you limit your loss and best protect your funds? This article briefly covers how currency lots are traded to help you better understand how to plan your trading strategy and manage your funds. 

In Foreign Currency Exchange (FOREX), earnings are expressed in "pips". Pip is short for Price Interest Point, also called points. Whereas the smallest denomination in USD is the penny ($.01), in Currency Exchange, funds can be traded in an even smaller denomination, $0.0001. This means that very small movements in currency prices can create large profits. 

So, a PIP is the smallest unit a currency can be traded in. The actual value of a pip is not a set price. If you are trading with a standard account, a pip is worth $10. If you are trading a mini account, a pip is only worth $1. 

The value of a pip changes based upon the size of your account, because the size of your account affects how much currency you can leverage. A standard full size trading account is 100,000 units of the base currency. If you are trading in USD, a standard account has a value of $100,000 USD. 

A mini lot is 10,000 units of base currency. If you are trading mini lots, you can leverage $10,000. This is why a pip in a mini account is worth less than a pip in a standard full sized account. 

While Forex trading allows you to leverage more funds than you actually have, this can be a double edged sword. While you can make profits on funds that you leverage (rather than own), you can also have losses amplified as well. There are several ways, however, to manage your risk when trading Forex. If you are interested in trading Forex, you should have a definite trading strategy. You must educate yourself to know when to enter and exit the market and what kind of movements to anticipate. 

You can also place something known as a stop loss order. Stop-loss orders the typical way traders minimize risk when placing an entry order. A stop-loss order to exit your position if the currency price reaches a certain point. 

If you are taking a long position, you would place the stop loss order below current market price. For a short position, you would place a stop loss order above current market price. This technique allows you to manage your risk and, just as the name suggests, stop your losses at a certain point. 

As you can see, Forex trading can be complex, but once you understand the basic fundamental principals of how lots are traded, its starts to come together for you. Foreign Currency Trading can be quite profitable and and exciting way to invest.

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