Forex Beginner

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Fundamental Analysis Dilemma
2008-05-31 09:45:00
Experience traders usually rely heavily on the fundamental analysis more than technical in their daily trading. This is because they have already study for so many years about the behavior of market movement affected by each of the economic data. Despite of their overall success there are certain times they still at least incur some losses. And their only solution to cut that losses is by putting
More About: Analysis , Fundamental Analysis , Dilemma , Fundamental

Candlestick count post analysis
2008-05-29 19:07:00
On the 13th of May i have made a prediction analysis on GBP-JPY (See the post here....) by using the common sense of candlestick counting. And at that time i was expecting the pair to make two white candles formation going up. Today we can see the results on monthly time frame 2 white candles have been formed exactly near the month almost ended. This is one of the advantage if you are very
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Indicators Setting
2008-05-28 17:07:00
Many of us traders especially beginners have a little idea of how the settings of indicators affect our trading. This misconception or lack of understanding will result in them to find the best setting of all from other fellow traders. In their effort to do so they constantly fail along the way as confusion loom when one setting after another failed to deliver good results. The fundamental idea

Counting Candlesticks
2008-05-13 14:55:00
As daily trader or scalper you maybe very familiar with the use of candlestick charting especially the formation patterns for example morning star, evening star, hanging man, etc to predict the future movement. However today I am going to discuss about something unusual that not many traders maybe practicing that is counting the candlestick. The idea pop in my mind when I was observing the
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Hedging Strategy
2008-05-01 16:03:00
Hedging is one strategy that every trader should learn in forex trading. This trading method will be able to reduce your losses in case of break-out and also enable trader to trade at any moment without waiting. Therefore you don't have to wait to open position and regardless whether you are opening position on the right place or not. How hedging work? The idea of hedging is derived from the
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Trading History Ultimate Knowledge
2008-04-21 06:20:00
The nature of the forex market short-term movement is very complex and highly unpredictable as it requires more than just explicit knowledge (i.e. books, videos, seminars) to understand the overall market's behavior. It requires more practical experiences in the trading activities itself. However not many traders especially novice traders are aware of the fact that their own trading experience is
More About: History , Trading , Knowledge , Ultimate

Price History Indicator
2008-04-17 13:54:00
There are times where all kind of indicators fail to signal exactly where a movement should reverse or making corrections especially in the overbought/oversold situations. As a result novice traders who are in-experience in this usually fall into a trap of making early setup on their positions based on the indicators signal. As the market keeps continue its movement this will create psychological
More About: History , Price , Indicator

MACD, Stochastic, Bollinger Band Combinations
2008-04-15 07:43:00
I am going to discuss the combination of these three indicators use in a single time frame in order to make it easier to understand. Supposed that the initial Bollinger band position is at the bottom and both MACD and slow stochastic is about to move in the same parallel direction upwards. So the potential profit target is somewhere around the middle or higher of the daily the Bollinger band.If
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Reversal Indicators
2008-04-13 14:24:00
There are several indicators which we can used to determine the reversal point, among them including the Bollinger bands, Japanese Candlestick, Relative Strength Index (RSI), and MACD/Stochastic combination. Bollinger Bands As I have discussed before the Bollinger bands will signal a reversal when the movement deviate to far off outside the band which they called overbought/oversold situation.

Candlestick Continuation & Reversal Signals
2008-04-13 08:06:00
The Japanese candlestick charting is one form of forex chart to display the currency market movement. As shown on the diagram below. The importance of Japanese candlestick understanding is to study the emotions of traders as reflected on the chart. These emotions are shown on the chart patterns formation such as doji, harami, morning star, evening star, etc to represent the different emotional

Moving Average Custom Indicators
2008-04-09 18:47:00
Creating your own combination of indicators does not meant do as you like. Usually traders will do this after studying the behavior of the chart for sometimes to determine the general patterns of movement. For example they study the time frame and the movement patterns using moving averages. The most common of customs made indicators will consist of moving average lines. The moving averages are
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Multiple Time Frames Systematic Analysis
2008-04-08 07:30:00
How to build a systematic approach to analyze the multiple time frames movement. If there are someone who knows about programming language it would be better because you don't have to record them manually. Unfortunately I don't have any of those skills so I will show you how to do it manually. I am going to use 3 of the following indicators Bollinger Bands – To determine support and resistance
More About: Analysis , Time

MACD and Slow Stochastic Combination
2008-04-05 18:35:00
In order to combine the right indicators that can aid each other to make better decision is not easy. As some indicators can bring contradicting signals to each other because of their differences and used. So this time I am going to discuss about another good combination of indicators which is very effective in daily trading especially using 4 hourly and daily time frames. MACD or Moving Average
More About: Combination , Slow

Bollinger Bands and Slow Stochastic Combination
2008-04-05 07:06:00
Using a single indicator will fail you in most of the place when they are become unreliable. MACD for example is lagging and it takes so much of your time to wait for the right moment which can hardly come. This is one of the example explained the flaw of a single indicator that can discouraged you if they are not solved. Therefore this time I am going to discuss how combination of indicators can
More About: Bands , Combination , Slow , Bollinger

What is time frame?
2008-03-22 14:18:00
The measurement of time in analysis. Can be in periods of minutes and hours or daily, weekly, monthly and yearly either way Time Frame must be specified. It can also be more generally referred to as Short, Medium or Long Term. In forex trading software platform you will find that the charts are divided in several set of time frames i.e. 5, 15, 30 minutes, 1 & 4 hourly, daily, weekly, and monthly.

Simple Application of Slow Stochastic
2008-03-19 14:37:00
The slow stochastic is constructed with two lines moving average just like MACD. Likewise the application is also exactly the same as MACD that is when both line is moving upwards meaning the market is going up or vice versa. The interception point of slow stochastic signal a reversal of direction just like MACD. Despite of the exact application of the two, slow stochastic has a major advantage
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Simple Application of Bollinger Bands
2008-03-19 08:59:00
The Bollinger Band is one the most popular used by traders to determine trend and the limit of movement (support & resistance level). It is constructed using three moving average lines designated by the upper band, middle band, and lower band. These three bands are the ideal setups or targets profit for trading or commonly known as support and resistance level. Apart from that it is also can be
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Simple Application of MACD
2008-03-17 13:18:00
Moving Average Convergence/Divergence or MACD in short is one the most classic technical indicators that is still being popularly used in analyzing forex trading. It is called the lagging indicator because it always move behind the real chart movement. How to use MACD? In simple application MACD is very easy to use as it is only constructed with two moving average lines. The two lines is
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Fundamental Vs Technical
2008-03-16 18:54:00
There are two types of traders in the forex market namely the technical and fundamental traders. Some traders are a little more extreme to believe that one is better than the other or vice versa. The fact is none better than the as both have its own flaws in the system. The Fundamental Traders They relied on the economic data such as trade balance, interest rates, non-farm payrolls, etc to
More About: Technical

The Nature of Forex Market
2008-03-15 14:04:00
As far as forex is concern this is the most liquid and dynamic market on the planet. There are billions of money are traded every second or minutes as you can notice on the volatility of the chart movement. This volatility creates great opportunities for traders to make money as quickly within minutes of trading. The opposite also true as traders can lose their money within minutes. Our goals as
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Chart Types
2008-03-14 20:02:00
There are three different forms of common chart used to display the currency market movement which include the line chart, bar chart, and the famous candlestick chart. Despite of the same usages traders are very particular in selecting their chart to use in trading due to certain used. The Line Chart The line chart simply reflects the market in its general movement as shown below. It is rather
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Introduction to Forex Part 2
2008-03-14 13:16:00
Before Enter Live Trading!! If you have not seen how the forex is traded before then you should have yourself get the touch of it by applying for demo account to any forex brokers available. This will provide you an experience of familiarizing yourself of the forex trading works and also getting to know the available tools to help you in trading. Usually brokers demo account will provide you
More About: Forex , Introduction , Part

Introduction to Forex Part 1
2008-03-02 17:54:00
What is Forex ? Forex is the short form for Foreign Exchange or it is most commonly known as currency market among savvy traders. It is the most liquid market on the planet with at least 1.5 trillion traded daily. And it is relatively similar to stocks trading as in the Wall street, and the only difference by the simplicity to apply for the trading. Usually stocks will require physical brokers
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Forex - Scalping Advantages and Disadvantages
2007-11-25 20:52:00
The Advanta ges and Disadvantages of scalping One good reason why most novice traders usually choose to scalp the forex market is because it is the simplest ways how to begin trading where it only involves execute, earn, and exit. That is can be done within few seconds or minutes. In addition scalping also gives us fast results where every trader wish too has. There is a lot of excitement and
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GBP-USD analysis
2007-10-18 15:00:00
After today's UK economic data release on the Retail Sales, the figure was more than forecast creating spiking candlestick on the chart. And most importantly the spiking candlestick seems to continue upwards, indicating continuation of long-term bullish of the cable pair. However there will be retracement for the 4 hourly chart because of the oversold condition signaled by the bollinger bands.
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Daily Technical Analysis
2007-09-18 03:07:00
Updated On: 09:36 AM (+8 GMT) Tuesday, September 18, 2007GBP-JPY Very well as expected the pair is close to reaching the major support level at 238.13. This level will play very significant border line between between the bearish and bullish zone. If it does broken and remain strong that means long-term bearish will take place and if not then it should back to the 232.09 resistance level. Today's Signal for GBP/JPYGBP-JPYOverall Trend Bias: BearishToday Movement: DownTarget Level 1: 238.13GBP-USDThe pair as discussed yesterday that it will follow the GBP-JPY movement and now already reaching the expected target at 1.9904 major support level. Further continuation is iminent since the monthly stochastic is just about to make its way down. However make sure to find the right setup for your sell position on the small scale retracement up in order to make the most of it. Remember that most of the time when the pair reach the support level the chances for small scale retracement is alway...
More About: Daily , Technical , Analysis , Technical Analysis , Anal

GBP-USD Technical Analysis
2007-09-16 15:47:00
Updated On: 10:30 PM (+8 GMT) Sunday, September 16, 2007This is one of the strange moment when the cable pair does not move identically with the EUR-USD. As you can notice the Cable (GBP-USD) is going deep down while the EUR-USD is still up on the top and looking strong for further continuation. Anyway let's take a look at GBP-USD alone at this time. Looking at slow stochastic for most of the major time frame such as 4 hourly, daily, weekly, and monthly are all heading downwards. This indicates that there might be a strong sentiment of major bearish trend ahead. Currently standing at the first support level at 2.0073 the pair look very compelling that it will move further down to 1.9905 second support level. But then again i perhaps this is the danger place to trade because upwards movement is still viable. If the fundamentals (economic data release) favor the upside again then this pair will move back up to the resistance level at 2.0341 as shown in the candlestick chart. In c...
More About: Technical , Analysis , Technical Analysis , Anal , Technic

USD-CAD Technical Analysis
2007-09-16 12:07:00
Updated On: 7:00 PM (+8 GMT) Sunday, September 16, 2007USD-CADUnexpectedly this pair felt deep down to the bottom. Generally we now know that this pair is already touching down the major support level which is exactly at the bottom of the bollinger bands. At this level now the pair is standing at two possibilities one is another further down which is clearly oversold (red arrow), and another is going back up to the middle band (blue arrow).Then there should be two assumption. If the oversold (red arrow) does occur then it will eventually return to the bottom (green arrow) of the bollinger band which is the normal position should be. On the other hands if it does not go for over sold then it will move back up to the middle band of the weekly time period (blue arrow). Forex Strategies
More About: Technical , Analysis , Technical Analysis , Anal , Technic

How to use the bollinger bands
2007-09-15 17:07:00
The Bollinger band is one of the most used technical indicators after the stochastic slow. The Bollinger band can function very similar to the Pivot point calculation if you know how to use it. And in fact it can be easier to use this tool to determine the support and resistance level as I will demonstrate how you can use the Bollinger band to master the ideal place to setup your position. What is the use of the Bollinger band? 1. To find the right setup position2. To find the right stop position3. To detect oversold/overboughtIn general support and resistance level are located within the boundary of Bollinger band you can barely notice this during the sideway trend. So!!! For the purpose of this demonstration I will used high time frame starting from hourly, 4 hourly, daily, or higher so that it can be more accurate compare to lower time frame. At the flat trend or so called side trend you will notice that the candlestick chart will somehow move within the boundary of the Bollinge...
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Expectation Analysis
2007-09-13 03:39:00
Updated On: 9:50 AM (+8 GMT) Thursday, September 13, 2007GBP-JPYThe most volatile pair in the forex market, despite of the convincing strong upwards movement it seems that it is limited to the moving average border line for daily time frame. In fact the movement is finely move along the moving average. As long as this line is not broken to the upside this indicate that bearish sentiment is still intact and potentially developing more towards the big sliding down. So just be careful, not to keep yourself compelled to the habit of uptrend because the downtrend is still somewhere around. However for now at least stay for the upside since there are still profits on the top. This analysis also will apply to EUR-JPYEUR-USDThe euro-dollar pair is very interesting pair, because its big reversal was taking very short time twist from sliding in order for it to continue its big uptrend. This may keep the pair moving upwards longer. Therefore the sentiment is one sided for this pair which is u...
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