Time Cell Trading

No matter what the forex brokers tell you, don’t ever open a “standard account” with just $2,000 or a “mini account” with $250. The number one reason new traders fail is not because they suck, but because they are undercapitalized from the start and don’t understand how leverage really works.
Don’t set yourself up to fail.
We recommend that you have at least have $100,000 of trading capital before opening a “standard account”, $10,000 for a “mini account”, or $1,000 for a “micro account”.
So if you only have $60,000, open a “mini account. If you only have $8,000, open a “micro” account. If you only have $250, open a “demo account” and stick with it until you come up with the additional $750, then open a “micro account”.

see http://www.babypips.com/school/leverage_the_killer.html

It's necessary to understand when you trade in the conception of the add-up-positions...

We’ve all seen or heard online forex brokers advertising how they offer 200:1 leverage or 400:1 leverage. I just want to be clear that what they are really talking about is the maximum leverage you can trade with. Remember this leverage ratio depends on the margin required by the broker. For example, if a 1% margin is required, you have 100:1 leverage.
There is maximum leverage. And then there is your true leverage.
True leverage is the full amount of your position divided by the amount of money deposited in your trading account.

You deposit $10,000 in your trading account. You buy 1 standard 100K of EUR/USD at a rate of $1.0000. The full amount of your position is $100,000 and your account balance is $10,000. Your true leverage is 10:1 ($100,000 / $10,000)
Let’s say you buy another standard lot of EUR/USD at the same price. The full amount of your position is now $200,000 and your account balance is still $10,000. Your true leverage is now 20:1 ($200,000 / $10,000)
You’re feeling good so you buy three more standard lots of EUR/USD, again at the same rate. The full amount of your position is now $500,000 and your account balance is still $10,000. Your true leverage is now 50:1 ($500,000 / $10,000).
Assume the broker requires 1% margin. If you do the math, your account balance and equity are both be $10,000, the Used Margin is $5,000, and the Usable Margin is $5,000. For one standard lot, each pip is worth $10.
http://www.babypips.com/school/image...leverage-1.gif
In order to receive a margin call, price would have to move 100 pips ($5,000 Usable Margin divided by $50/pip).
This would mean the price of EUR/USD would have to move from 1.0000 to .9900 – a price change of 1%.
After the margin call, your account balance would be $5,000. You lost $5,000 or 50% and the price only moved 1%.

see http://www.babypips.com/school/more_leverage.html

Hi FOREXCUBE, thanks for your kind reply. I understand a bit better now.Cheers,
Jean

Here's a trade so stupid I hate to post it. Not only that, but it was in the middle of several great opportunities. Previously the CCI had poped up at 50 to gain a few pips so when it stared to do it again, I entered at buy at 110.057. Went up a bit and then down, I got out for a loss on demo account. I was looking at the M5 at the same time and saw the divergence but ignored it. I should have seen the divergence, sold at CCI 200, rode PA down to -300 or so (pivot, reverse) and taken a buy when PA and CCI started to move up for two big wins. Maybe this coming week.

Here's a loser from Thursday. At that time I didn't watch the higher time frames. The next day I concentrated on one currency on M1, M5 and M15(on a second monitor) and did a lot better. On the M1 I took a short at the red vertical line which quickly turned against me. If I had been watching the M5, I could have seen PA was in the middle of an upward movement and, not only was a pullback at that point probably a limited one, but that it would be better to take a position at the top or bottom of the PA and CCI channel. Lesson: Watch higher time frames.

USDCAD, Daily example shows a simple way of forex position trading. Deciding to venture into Forex could be a big decision and understanding the main principles of forex trading and the trading philosophy ensures the profit, which you as an investor or trader is looking for.

The chart below shows a long position in which a trader purchases a currency pair at a certain price and hopes to sell it later at a higher price. In this case, the trader profits from an increase in price.

This is also referred to as "buy low, sell high"

In forex position trading, a trader has a long position on one currency of the pair and a short position on the other currency. So, while forex position trading, a trader defines his position as an expression of the first currency of the traded pair, which is known as the base currency. The second currency is known as the counter currency.

In forex position trading, the trader takes a long position on a pair when he buys the base currency. If the trader sells the base currency, he shorts the pair.

see#205, please.

Hi Delage

Thank's for these charts and your trading examples.

You can see the higher probabilities for the market entries here?
May be in this kind you've got even more a profit with less risk.....

What you see is that you have also a volatile M5 downward trend. EMA10 and EMA20 are running parallel. May be good time, too to trade beside the M5 the M1 only then when M5 candles are touching the upper EMA100 Line and M1 CCI(14) is showing a peak. It could be a higher risk to trade in an M5 downward trend the M1 upwards even CCI(14) will showing every time a valley, due to the fact that the main trend (here now M5) is going down. (Here you have to look at M15 & M30 too, please. If they are going up, then the likelihood a greater to trade M1 also upwards). I would suggest the M5 down and M1 up (or up and down) trading only for advanced level traders.

Hope it helps!

Keep it on!

Kindest regards
FXcube

see #204 , please

or trade in this way,...

(If M30 or H1 would have been showed indifferent candles you could have traded a range bound at M1).

Wait for trades come to you and don't chase after them.

Link
http://ezinearticles.com/?cat=Finance:Currency-Trading
http://www.actionforex.com/articles-library/
http://www.earnforex.com/forex-e-books/

NZDJPY, H1

NJ H1 shows a divergence.

Enter Long at 60.20 (MS2 60.102), Pending Order see #212 / 60.40 (Pivot DS1 60.33), Pending Order / 60.95 (Instant Execution) at every level 1 position (Total 3 positions)

Further downside movements possible:
Down till 59.375 murrey math "Pivot Reverse" [6/8] possible, see #212.

Weekly seems to be in a range between 60.40 till 64.80, see #214 .

Target: 62.50 (Daily EMA 100) 62.837) / 63.35 (Daily EMA 200 63.525) / 63.90 (H4 murrey math "Extreme Overshoot" [+2/8] at 64.063, see #212 or Daily murrey math "Overshoot" [+1/8], see#213)

NZDJPY, H4, 2010 August 16

Set Pending Order Enter Long at "Resistance Level 2" 60. 20 (DS1 60.33) with 1 position, see #211 .

NZDJPY, Daily

Set Pending Order Enter Long at Pivot DS2 59.872 with 2 positions.

NZDJPY, Weekly

Range between 60.40 till 64.80.

If the range will be broken further upside- or downside movements possible.

Demo Account: 5'000.-$
Beginning Date: 2010 August 13

http://twitter.com/triggFX
http://www.myfxbook.com/members/triggFX

Thanks for the info posted yesterday, busy today, will absorb later.

0.99540 seems for me a good entry price.

Could go down till S3 0.9914 (daily chart), weekly: 0.952 / 0.9277 / 0.8789

H1 and H4 is building a valley.

Enter long with several positions at 0.9954 and trade the hedge ones with M30/H1 for possible furhter downside movements.

When you say several positions what would be an approximate number to that statement?
If you see that the price could go dawn more, then why don't wait until it is there to open your trades. To be honest, I have no experience at all with hedging and prefer to stay away from it.
Changing subjects, I have been searching for an indicator that draw divergence lines between CCI and PA. So far I have found a divergence indicator for RSI and PA. If you set RSI to 5 it almost run contiguous to CCI 14 (not exactly but it is the best I have found so far). It would be wonderful addition to have in the charts and a less thing to watch for. I know we would
have a good use for it, but still searching.

Trades could be made to maximum 10 positions. In this case I mean 3 positions.

H1 and H4 has building a CCI(14) valley, so I go in at H1 and H4 with enter long.

Daily or weekly chart could lead you further downside. But at Time Cell Trading trades could be made at different time frames with the same currency pair.

(May be M5 or M15 will show me a peak at CCI(14) and then I decide to go short for several positions at M5 and/or M15).