Fundamental and Technical Combo for Dummies and Smarties

Somehow someway someday i think i have to start my own thread to contribute back to the society. Here is to start with .....
Note : All the information and tools here is free. I don't know why my status become Commercial Member but i don't think it really matters.

INTRODUCTION

There are so many ways, so many systems out there, and i am glad i have stumbled upon to hundreds of them, tested them, blew up my account for several hundreds of thousand of dollar in my early year of trading. I have learnt the hard way or maybe even the hardest way for most of us. I was thinking with nearly 1M US$ and i can be a successful trader.

I was introduced to this business by one of the IB in my country. I remember in my very first day i didn't even know what a buy limit was, sell limit was, stop loss, bep etc. all i knew was push that button BUY and SELL and close at profit. Knowing that i was a very Naive and Do as told kind a person, I was exploited by this guy and keep trading and trading and trading for somewhat i didn't understand why. UNTIL .... I blew up my 1st 100K account and this guy just said .... "well sir i only recommend when to buy and sell .... but once you click that button the responsibilities are in your hands either profit or loss" BOOM!!!!

Then he recommended me to trade gold because he said it's very easy. (If it was i wonder why he didn't recommended it to me at first time) I was mainly only traded GOLD / XAUUSD. Around 2010 i was told that trading gold was VERY EASY. We JUST BUY AND HOLD and repeat. And yeah, for some reasons i just say yes and yes. " Sir ... if you buy gold even if you have floating loss you just keep it for a day or two price will go up again and you will close it in profit.... Until i bought the gold at it's very peak and kept it until i blew up my second 100K account. SECOND BOOM!!!.

Since then i decided to stop trading and back to my regular daily live, building houses, groceries stores, looking after my wife and kids eat, sleep, smoke, and repeat. Because i thought this business is not the right for me

I have traveled half of this world and during my vacation in NEW YORK i met one guy at one of the most famous coffee shop. He was reading a book forex trading for dummies. I encourage my self to ask him if he was ever successful in this business and he said he was just getting started and been demoing for about six months and still unable to make a steady progress. ( I said to myself ... i will never will ).


I decided to take my own decision and think if i was too lazy to let someone to do the thinking and ended up blew up my account. So if i have to blow up another account ... well i better do it my mysel. LOL.

I then spent most of my time studying, reading, in front of the chart 18 hours a day i would be an expert (That's what i said to myself) And so I began to spend sometimes reading , reading and reading stumbled upon FF and other forum. Talk to what's so called expert. Follow online and offline trader's courses and drawn myself in this business again. Without demoing and as an " i thought i am an expert ". I trade about 20s trades daily, always stare at the chart since i woke up until i sleep. sometimes even sleep in front of the computer. That's what i thought it would take to be and expert and successful in this business. Until i blew up my another account. F&*K

THE TURN AROUND


Even though it's a little late. I started to look back and wondering what was wrong with me in this business. I have more than enough money to start, i have great indicators, i spent most of my time studying the chart, i read so many and many articles anywhere. I found out that i did exactly what it take to be BROKE. Until i apply the next chapter in my trading live as the summary or essence from whatever i have learnt.


GREAT WARS REQUIRES THE RIGHT WEAPONS


Just like entering a war. If you have an underwater battle you won't use a motorcyle instead an oxygen tank is a must and a knife would do the killing. If you have a jungle war you won't use an oxygen tank instead a gun like RAMBO would win the battle.


The same thing i apply to this business.


We need to Analyze the market condition and get ready with our weapons so we can win the battle and get away with pips and $$$ in our account.




ANALYZING THE MARKET WITH FUNDAMENTAL BACKGROUND


Just like driving a car. Fundamental backgrounds such as political situation, countries public data release, important people speeches, meeting etc. They tend to shape the FUTURE of the price. Therefore we have to put this Fundamental analysis before we even open our chart or worse jump into trade.


ANALYZING THE MARKET WITH TECHNICAL BACKGROUND


I am REALLY REALLY not a fan of fancy indicators that give a colurful Reinbrandt, Picasso or Leonardo da Vinci chart. They merely just do nothing but a broken compass. The chart itself give us all we need.


There are tools that are very useful in helping my trades such as Price Info, Sesion time or clock and daily range. Files are attached.


FUNDAMENTAL AND TECHNICAL COMBINATION


After identifying a fundamental background that we can use as our ground rules of entry, we need to look for the best entry with the best RR and Good WINNING RATE. Look as technical study we look at the chart and decided if the CURRENT MARKET is still giving us the best entry position possible.




Let's start with live example's along the way
Here are some of the tools
For the RSS LIVE FEEDER please subscribe then the link will be given for free.

HOW TO SPIKE TRADING WITH LOW RISK AND HIGH REWARD!!!
(No BS and this is all my personal experience!!!)


If you are a member of www.reuters.com to get their news source then you can skipped all this because i know we are on the same page. This is for those who are not able to pay but still can make a very good money without it.


GENERAL REQUIREMENT
Choose a broker of your choice that has below capabilities :


1. NO MINIMUM DEPOSIT = so that you can only risk what you are willing to lose and gain whatever you want to gain.
2. MARKET EXECUTION TYPE WITH FIXED SPREAD = No Requote / Minimal slippage
3. EASY WITHDRAWAL AND DEPOSIT = You will understand later
4. EASY TO MAKE A NEW ACCOUNT = you will also understand later


YOUR FAST AND FURIOUS MOUSE CLICK / SET SL /BEP / TP
If you think you're not qualified for that my robot will help you
1. SUBSCRIBE TO THIS THREAD = So you will be more active and participate in this thread
2. BE MY BUDDY LIST = So i can see if you are a good person, willing to make money in the market, not just for heart attack exercise
3. OPEN AN ACCOUNT VIA http://www.firewoodfx.com/?ib=2100037027 = If you think there's a better broker share it here
4. PM me and i give you a robot to help you with it if you ain't my buddy i won't be able to read and reply = Don't ask me why and don't ask for the source


=================================== ===============
WARMING UP
=================================== ==========
1. Open TWO account at the same time 1. BUY account and 1. SELL account
2. Deposit ONLY the money that is enough for 20 pips SL + SPREAD if you use my link then use maximal leverage 1:1000 so you will only invest the minimum
example : for 0.1 lot EURUSD you will only need to deposit 25$, above that you can just multiply it.
3. Choose your SUPER DUPER BABY HIGH IMPACT NEWS ( NFP, RATE, GDP, CPI recommended ) no speeches news!!!
4. Chose the PAIR. USD pair recommended
5. 10 - 5 Seconds before news release open BUY and SELL order AT THE SAME TIME. DON'T SET ANY SL BECAUSE YOUR MARGIN CALL IS ALREADY ACTING AS YOUR STOPLOSS.
6. Once your trading position is already in profit manage it with your preferences. I prefer to let some of the trade last for days for 100 - 200 pips+
7. If the spike doesn't occurred close your position immediately BOTH BUY AND SELL you will only lose spread when this happen.
8. Start with small lot until you gain confident.
9. One of your account will LOSE even sometimes with NEGATIVE BALANCE. No worries OPEN A NEW ACCOUNT AGAIN MATE!!!
10. Spend some of your profit as donation to the poor or orphanage house in your own neighborhood and they shall keep you away from being poor.
11. Withdraw your profit and leave just enough balance for the next trade.
12. Repeat


Any constructive suggestions are welcome here and please don't just be a lurker.
Any complaint please save it to yourself. No one force you to do this style make loads of money from the market.
If you win and make loads of money save it for yourself
If you loss save it to yourself too hahahahaha


THE LESS YOU TRADE THE MORE YOU MAKE. BE SELECTIVE WITH THE SPIKE. MY RECOMMENDED NEWS TO TRADE WORKS BEST WITH THIS STYLE.


ONCE YOU GET USE TO IT, YOU WON'T TRADE FOR SMALL REWARD ANYMORE and WILL REALIZE THAT FUNDAMENTAL IS WHAT SHAPE THE FUTURE PRICE AND WE CAN MAKE A DECENT LIVING FROM FOREX WITHOUT SCRATCHING YOUR HEAD, STARING AT YOUR MONITOR ALL THE TIME .


MAKING MONEY IS NOT STRESSFUL ANYMORE!!!


GL


RUDY

show some trades maybe?

Thanks for sharing.

You ask for 2 accounts due to FIFO rules in USA?

Can non US citizens (with a broker that lets do hedging) do it in the same account like in a hedging stratgy?

As soon as there's a worth taking condition in the market i will show you bro.

As long as your broker allows you to do whatever the broker qualification I wrote in the first post. Then you will be ok. The thing is you have to withdraw your profit VERY often to control your risk. And some brokers can tak days to withdraw. The same thing with opening a new account for next trade.

FA and TA Combo Today
Currently at SL0 a.k.a BEP

AFTER WE DECIDE THERE'S A WORTH TAKING FUNDAMENTAL AS OUR SUPPORT
iT'S TIME TO SET UP OUR CHART

Make your chart look like this to see the weekly rear view mirrow



Zoom closer to see the last 24 hours rear view



Notice when there's Fundamental news/speech/meeting minutes/rate / nfp or whatever important mark occured

After analyzing The RISK and reward, we ENTER THE TRADE



Good luck

CREATE YOUR OWN NEWS SOURCE CENTER IF YOU CAN'T AFFORD THE PAID SOURCE. THEY ALMOST DO THE SAME JOB AS THE PAID ONE.



Link of the program will be provided to those who commented and subscribe for free

ANOTHER GREAT DAY!!!

Thanks for the suggestion, this Newsfeed looks quite good....

Make your own bro ... here's the tools

http://www.4shared.com/file/IijZeutU...r314Setup.html

Or you can just simply follow the BIG BOYS signal

http://www.forexfactory.com/showthre...81#post8235781