Wednesday, March 10, 2010

CSR100

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The forex technique that I would like to share with you guys is called CSR100. This technique was developed by JGV100 from Carigold.com. The technique is based on price action, support and resistance. We use support and resistance as our entry and price action to know the market trend. To be honest with you guys, this technique is the most easiest and understandable even by a forex newbie. First, we should know what is support and resistance.


Support
Support is any part at which the market stopped going down and turned up.

Resistance
Resistance is any part at which the market stopped going up and turned down.

Price Action
Price action is based on Low, High, Higher Low, Higher High, High, Low, Lower High, Lower Low.

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Sunday, March 7, 2010

The New Forex Trading Technique

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Actually, I would like to share a forex trading technique I find it simple but profitable. Honestly, I stick to this technique as my trading until now and sometimes I use different technique but still I prefer this good forex technique. It is easy, understandable, profitable and very good. Give me some times and I share with you guys.

To be continued..

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Monday, January 18, 2010

WolfeWave Technique

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As I promised you, I wanted to share with you guys another forex trading technique that has been used by some forex traders. It's really simple but yet profitable and actually I'm quite new to this technique and I haven't use this technique in my forex trading. What I want from you is discuss about the technique and what we should do to improve it together.

This technique is called "The Wolfe Wave Technique". The technique is actually being used in a stocks market but it can also be used in a forex market. You can click here to know more.

The Wolfe Wave Technique is being used to find a balance of the market trend before using any indicators as a filter to convince us right before we enter a forex market.

Wolfe Wave Rules

Bullish


IMPORTANT POINT: If you use Wolfe Wave technique, you cannot begin looking for the Wolfe Wave until points 1, 2, 3, and 4 have been formed. Keep in mind that point 3 must be lower than point 1 for a LONG/BUY setup. Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a top we are assured of beginning our count on a new wave. Also, on the best waves point 4 will be higher than point 1 for a LONG/BUY setup.
  • The 2 point is a top.
  • The 3 point is the bottom of the first decline.
  • The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
  • The 4 point is the top of the rally after point 3.
  • The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3.This is the entry point for a ride to the EPA line (1 to 4).
  • Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.
Bearish


IMPORTANT POINT: If you use WolfeWave indicator, you cannot begin looking for the Wolfe Wave until points 1, 2, 3, and 4 have been formed. Keep in mind that point 3 must be higher than point 1 for a SELL/SHORT setup. Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a bottom we are assured of beginning our count on a new wave. Also, on the best waves point 4 will be lower than point 1 for a SHORT/SELL setup.
  • The 2 point is a bottom.
  • The 3 point is the top of the first decline.
  • The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.
  • The 4 point is the bottom of the rally after point 3.
  • The 5 point is the top after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
  • Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.
  • Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.
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Friday, January 1, 2010

Welcoming 2010

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First of all, I would like to take this chance to say Welcome 2010 & as we move on the new year we're expecting to be much more better than the previous year. So this 2010, I set my resolution to be better.

In my next post, I will add some new stuff and it's forex trading styles. I will introduce the forex trading style first and post it here and together we discuss how to use it. Thanks.

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Wednesday, December 23, 2009

Forex Trendlines Ebook

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I would like to share another great forex ebook & it's called Forex Trendlines. In this ebook, it taught you how to draw trendlines on a forex chart properly and how to identify that trendlines. The important of trendlines is that it helps you to see where the market will go after that and it will helps you in forex trading.

Click Here To Download

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Friday, December 18, 2009

Learning Forex

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Thanks for those who have commented on my blog, for those who are really interested to learn forex, you can read from my previous posts or you can click from the above tabview (Forex Study), it's really good for you to start, if anything do not hesitate to ask = )

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Fibonacci Calculator

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For those who are struggle with fibonacci, I would like to donate one of my fibonacci indicator actually calculator which might help you how to identify the fibonacci numbers, it's really simple and as a matter of fact, it is really useful for those who don't know how to apply fibonacci.

Click Here To Download

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