Gofer Pips-123K
UE-8.2%
UE-8.2%
EurAnalysis Kindergarten 24 replies
DislikedEurAnalysis NFP guessing game
5th October 2012
Entries:
rekon67: +90K
PipTrapper: +97K
Thijs: +105k
100PipsADay: +138KIgnored
DislikedSorry PT, I jumped the gun on this one. Thanks for relieving me of this duty, I need to get at least one hour of sleep before news comes out!
Be back in a little over an hour or so...
By the way, I'm not like those numbers for my shorts!Ignored
DislikedEurAnalysis NFP guessing game
5th October 2012
Deadline for entries is 10 minutes before release @ 12:20 GMT (13:20 London, 8:20 New York)
>Ignored
DislikedI use a Trend Strategy which uses a part of the "Third Screen Strategy" of Dr. Alexander Elder. First, I find in a D1 chart the global trend using the MACD indicator. Once the overall trend is clear, I use the H1 time frame to act in the same trend using the Williams Percentage Indicator. When the positions are opened I manage economic news and fundamental analysis to close the position if I think the trend is about to reverse on the D1 chart.
*I apply the same trading strategy to multiple currency pairs.
*Max positions per currency pair...Ignored
Technical Setup With 80% Plus Win Rate
Saturday, October 20 • 3:00 pm - 4:00 pm
All traders know that volume is necessary to provide liquidity to any market and to allow its price to move from one level to another. Without volume in markets, the market itself would not exist. However, most traders overlook volume in the forex market because they don't believe it can be used accurately, for two reasons. First, because there's no official forex volume without a centralized exchange, and second, because brokers provide "tick volume" on their charts rather than actual volume traded.
Volume is required to move a market, but it's a particular type of volume that really matters: institutional money, or "smart money," which is large amounts of money being traded in a similar way, thus affecting the market greatly. Volume only shows when price is being affected by this type of activity. Knowing how they operate, we are able to track them and trade along with them, swimming along with the proverbial sharks rather than being their next meal. Institutional money doesn't simply enter the market like the funds of individual traders does; institutions position themselves well before they move and often well before news announcements.
In this presentation I'm going to discuss tick volume in forex and why it can be used as a proxy for actual volume. I will then look at some set-ups using volume and price to identify institutional participation in the market and entries and exits to capitalize on that information. These set-ups yield over 75% win rates with very few consecutive losses.
DislikedObama And Romney Avoided During The Debate
That's the way that I see it in my own words...Ignored
DislikedEurAnalysis NFP guessing game
5th October 2012
Entries:
CurrencyMan: +75K
rekon67: +90K
PipTrapper: +97K
Thijs: +105k
100PipsADay: +138KIgnored