Thursday, November 26, 2009

Forex Broker Marketiva

Forex (Foreign Exchange) is the name given to the direct access trading of foreign currencies. With an average daily volume of $1.4 trillion, Forex is 46 times larger than all the futures markets combined and, for that reason, is the world's most liquid market.

1. Open Account Marketiva Free : OPEN MARKETIVA
2. Upload your photo and Ktp/id card for Identification: IDENTIFICATION
3. Download Streamster Software client, install to your computer.
4. Run Streamter, Login with your username and password.
5. If any questions chatt with Live Support Marketiva.

Marketiva allows you to start trading in Forex market with as little as $1! Due to their strict lot specifications, most of other Forex brokers require at least $500 to start with. JOIN NOW GET $5

Wednesday, June 11, 2008

SimpleFX System

ADX : 14 / 28 for Meta4 (DI+ blue, DI- red)
MACD : 12, 26, 9 (MACD blue, Signal red)
Parabolic Sar
Time Frame: 15M
Take Profit: 50 pips / 60 pips
Stop Loss: 30 pips / 40 pips
Pair Recomended: GBP/USD, USD/CHF, GBP/JPY

Buy Signal
D+ cross up D-(D+ above D-), Parabolic Sar below candle and MACD Bar above 0. Optional MACD line cross up MACD signal line.


Sell Signal
D+ cross down D-(D+ below D-), Parabolic Sar above candle anda MACD Bar below 0. Optional MACD line cross down MACD signal line.


Happy trading, I love green pips.

Tuesday, September 11, 2007

20 Rules To Stop Losing Money

1. Don't trust others opinions -
It's your money at stake, not theirs. Do your own analysis, regardless of the information source.
2. Don't believe in a company -
Trading is not investment. Remember the numbers and forget the press releases. Leave the American Dream to Peter Lynch.
3. Don't break your rules -
You made them for tough situations, just like the one you're probably in right now.
4. Don't try to get even -
Trading is never a game of catch-up. Every position must stand on its merits. Take your loss with composure, and take the next trade with absolute discipline.
5. Don't trade over your head -
If your last name isn't Buffett or Cramer, don't trade like them. Concentrate on playing the game well, and don't worry about making money.
6. Don't seek the Holy Grail -
There is no secret trading formula, other than solid risk management. So stop looking for it.
7. Don't forget your discipline -
Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge.
8. Don't chase the crowd -
Listen to the beat of your own drummer. By the time the crowd acts, you're probably too late…or too early.
9. Don't trade the obvious -
The prettiest patterns set up the most painful losses. If it looks too good to be true, it probably is.
10. Don't ignore the warning signs -
Big losses rarely come without warning. Don't wait for a lifeboat to abandon a sinking ship.
11. Don't count your chickens -
Profits aren't booked until the trade is closed. The market gives and the market takes away with great fury.
12. Don't forget the plan -
Remember the reasons you took the trade in the first place, and don't get blinded by volatility.
13. Don't have a paycheck mentality -
You don't deserve anything for all of your hard work. The market only pays off when you're right, and your timing is really, really good.
14. Don't join a group -
Trading is not a team sport. Avoid stock boards, chatrooms and financial TV. You want the truth, not blind support from others with your point of view.
15. Don't ignore your intuition -
Respect the little voice that tells you what to do, and what to avoid. That's the voice of the winner trying to get into your thick head.
16. Don't hate losing -
Expect to win and lose with great regularity. Expect the losing to teach you more about winning, than the winning itself.
17. Don't fall into the complexity trap -
A well-trained eye is more effective than a stack of indicators. Common sense is more valuable than a backtested system.
18. Don't confuse execution with opportunity -
Overpriced software won't help you trade like a pro. Pretty colors and flashing lights make you a faster trader, not a better one.
19. Don't project your personal life -
Trading gives you the perfect opportunity to discover just how screwed up your life really is. Get your own house in order before playing the markets.
20. Don't think its entertainment -
Trading should be boring most of the time, just like the real job you have right now.

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Monday, September 25, 2006

Catch The Dow and Elliott Waves

Dow Theory hasn't missed a beat in over 100 years. So what does the mind of Charlie Dow have to offer modern traders?

One of Dow's powerful concepts is the three-waves principle. Decades after Dow first wrote on the subject, R.N. Elliott took up the cause to create his unique Elliot Wave Theory. So let's combine their work, and see what these guys taught us a few dozen years before we discovered the markets were a good place to hang out.

Dow's three waves were built on the concept of the primary trend. We all know what Charlie was talking about here. The primary trend is the major market direction over years or decades. This is how we determine whether we're in a bull market or a bear market. Dow determined this primary trend by looking at long-term price patterns and seeing the obvious.

Elliott used his five-wave trend to reach the same conclusions. He noted that the primary trend was composed of three waves moving in the major direction and two waves moving against it. Furthermore, each primary wave hid a smaller wave structure that exposed the true nature of price direction. For example, Elliott commented that failures exhibited a rollover of certain waves within this fractal structure and gave rise to trend reversals.

In Dow's world, a market printing higher highs and higher lows revealed a primary bull trend. Conversely, a market printing lower highs and lower lows revealed a primary bear trend. Elliott had no problem with this view, but he added a few twists of his own. For example, he pointed out how certain phases of a primary trend showed very limited counter-waves and rarely pulled back until the entire wave set was completed.

Three-wave principles get more interesting when Dow and Elliott describe characteristic crowd behavior in each of the waves. Let's examine these through a bull market cycle.

The first wave triggers value buying by patient investors who anticipate better economic conditions and long-term growth. This occurs during the same period that sentiment records its lowest readings and experts tell everyone in sight to stay away from the financial markets. Value investors wake up from this gloom and realize that the fear-filled talk hides a nascent recovery. They buy aggressively from distressed sellers and nurture a sustainable bottom.

Elliott noted that this first wave shows very gradual price improvement and turns back on itself frequently to test lower levels. He also points out that this wave takes a long time to complete and gives a true bottoming appearance to the chart. The good news is that the market eventually triggers enough momentum to carry price up to much higher levels.

Bullish evidence begins to mount in Dow's second wave. Improved corporate earnings, increased employment and unexpected innovation characterize this midpoint of a broad bull move. Less demanding investors now enter the market because they see better times ahead and want to participate. They build good-sized portfolios and start to follow the markets with great interest.

Elliott sees this wave as the most dependable phase of the entire bull cycle. Price movement advances rapidly, with less overlap from day to day. Small gaps appear between bars as investors buy high and look to sell higher. A sharp advance often triggers right in the middle of the wave, when a burst of enthusiasm forces a wide continuation gap. This powerful move often marks the exact middle for the entire three-wave event.

Danger signs grow during Dow's third wave, but they're hard to accept because of an outstanding market environment. Record earnings and full employment lead the media to proclaim an era in which the sky's the limit. Joe Sixpack now joins the hunt as the public forgets about its losses from the last bear cycle. This broad market participation starts a buying panic. At this very moment, the smart-money investors who bought at the bottom begin to unload their positions into the hands of the waiting public. The market eventually runs out of gas and prints a long-term top.

The last wave in Elliott's world can show a parabolic spike, or a failure move before it gets under way. This dichotomy points out the danger the public faces when it enters the stock market in force. Elliott noted that the large-scale reversal off this last wave may be very deep and painful. As we now know from personal experience, this rapid selloff addresses the many sins common to all bull cycles.

Practice Your Exit Strategy

It's easy to get into the market, but what about getting out? Most traders don't have an exit plan, whether their positions are turning a profit or going down in flames. The truth is that a good exit will save your neck on a bad entry, and keep you in the game longer than good stock-picking.

Exit planning must deal with the good, the bad and the ugly. In other words, keep a profit protection strategy to exit winning trades, a stop loss strategy to get out of bad ones and a fire drill in case disaster strikes. You'll need all three tactics in every trade, because anything can happen once you hit the order button.

Your holding period guides the profit side of the exit equation. Always seek the reward target that matches your time in the market. In other words, trade the most profitable move from your entry to the target within the time frame that you're long or short the stock. This lets you apply both a time- and a price-based exit strategy to your winners.

A time-based exit strategy requires little interpretation. Focus on your holding period's time window rather than the price action. Exit the trade immediately when price hits the reward target at the right time. Exit the trade before price hits the reward target if the window starts to close. The trick with time-based strategies is to look for the best price available within the chosen window.

Most traders should start with a price-based exit strategy. For example, you enter a long position, and it moves into a profit. It rallies at a moderate pace and hits your reward target within the holding period. You exit the trade "blind" at the reward price. This means you take the money and go, without considering the current price action.

You've just taken a nice profit in a perfect world, but how do you protect yourself in the real one? Start by focusing on trends within shorter-term time frames. For example, when trading a daily chart, manage profit and loss using a 60-minute chart whenever possible. The shorter-term pattern will tell you when to move the stop in order to protect profits, or when to exit the trade entirely.

Let's outline common stages for a long position that eventually reaches the reward target:

- Price moves into a profit.
- Price reaches first resistance, and reverses.
- Price finds support and rallies through first resistance.

This action/reaction continues until price reaches the target. In this scenario, trade management requires a breakeven stop as soon as price moves into a profit. This stop should be moved up after the first reversal, but stay below short-term support. When price finally rallies above first resistance, move the stop just below this new level. Continue the process until the position hits the reward target.

Profits are nice, but many trades go haywire right away. The exit strategy is very simple in this situation: get out as soon as price breaks support on a long trade, or resistance on a short sale. This may sound simple, but there are two problems. First, many of us lack the discipline to take losses when they should be taken. Second, many of us don't understand how to place stop losses in the first place.

Take your loss when the market says you're wrong. Every setup has a trigger that violates the pattern you intend to trade. Identify this price in advance, and place your stop just behind it. Remember that this magic number changes dynamically with each new bar, so you need to adjust it often. But don't remove it under any circumstances.

Do you get frustrated because your stops get hit frequently on good trades? The fault lies in your analysis and trade management, not in the stops themselves. Many traders believe they can improve their performance by placing stops where they shouldn't go. Every stock will violate support/resistance up to a point before reversing. Your analysis must consider the stock's underlying volatility, so the stop can be placed outside this "market noise."

Finally, you need a way to deal with unexpected bad news. Start with a panic drill, and practice it over and over again in your head. The exit strategy is simple: If you can beat the rest of the crowd out of the door, act immediately. The after-hours market can save you a fortune if you learn to use it wisely. If you can't escape right away, watch price action closely and take your best shot. The market can do anything it wants once bad news hits, and you may need to accept a large loss.

Sudden losses are a cost of doing business as a trader. Full disclosure rules and external events will impact your bottom line from time to time. Reduce your risk by choosing lower-volatility stocks to carry over longer time periods. Avoid holding anything through earnings reports or terrorist threats. Remember, it's not hard to rebuild profits after the unexpected takes a bite out of your bottom line.

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