Hi Traders
Sometimes a chart looks so inviting that we want to jump in before the trade gets away from us.
One the of the primary principles of trading is to "preserve your capital". We have to take some risks, but we should employ strategies which put the odds in our favor. With that in mind, I suggest that you should not be the first person to buy a declining market. Wait for support to develop first.
Here is a practical example of how to approach a chart, how to avoid a trading disaster, how to filter out those bad trades. Click here for details
GBP/USD-There is a very distinct flag forming on the 4 hour chart, as the cable now approaches the upper level close to the tip of the flag. The local momentum within the flag is moderately bullish yet a very strong cross is imminent on the daily chart, which indicates that the bearish move might return shortly with strong steam...
Regards
Forex.DelijaWorld.com
Thursday, May 15, 2008
Tuesday, May 13, 2008
Specific Forex news...
Hi Traders
Would you like to learn how to trade the forex market with three 100% mechanical systems never published before to the public?
Well, let me introduce Forex Trading Machine. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers...click here for details
Specific news announcements
Currency rates are affected by rumors, news, economic indicators and government reports.
As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus.
The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report.
For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons)....
Regards
Forex.DelijaWorld.com
Would you like to learn how to trade the forex market with three 100% mechanical systems never published before to the public?
Well, let me introduce Forex Trading Machine. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers...click here for details
Specific news announcements
Currency rates are affected by rumors, news, economic indicators and government reports.
As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus.
The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report.
For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons)....
Regards
Forex.DelijaWorld.com
Sunday, May 11, 2008
Rules of Successful Forex Trading
Hi traders
System News: Creating True Wealth as A Forex Trader
-------------------------------------------------------------------------------------------------
Being a successful Forex trader takes more then just having money, time and desire. The more you realize it, the better are your chances of making it big in this wonderful business. Throughout the years I learned many valuable lessons that today I apply to my Forex trading. Here are some of these lessons. I hope you don’t take them lightly, I guarantee you that these are true gems product of trial and error (something I hope to shorten for you!).
1.Your psychological state of mind is more important than your dollars. Yes, that is correct. For example, entering a trade when you know you should not enter it and ultimately losing money on it will cause you a financial loss which hurts but can be recovered in the next trade or two. However, it will also cause you a psychological loss in the form of future fear and insecurity. This, will take more than one or two trades to recover!
2.This one is simple but you would not believe how many traders do not follow it. In bear markets sell the markets that show most weakness. Don’t try to outsmart the market. If the market is telling you "I am weak" don’t argue and just follow! If the market tells you "I am strong", BUY and continue BUYING!
3.Don't ever try to pick absolute tops and bottoms. I know of traders that have an addiction with this. They always look to pick the absolute bottom or top and ride the market on the reversal. They succeed one or twice but eventually suffer a big hit. If you can't help it and you want to try and look for those huge turning points in the market at least use some sort of confirmation. Don't just guess "this is the top" or "this is the bottom".
4.Trading runs in cycles. There are good day and bad days, there are good weeks and bad weeks, there are good months and bad months. Don’t let a bad day, week, or month put you down. Learn not to measure results in the very short term. Many traders give up after having three or four bad days. Don’t! Know that its part of the business. Hang in there, manage your money well, be persistent and I promise you it will pay off!
That's it. Remember, 95% of traders don’t follow these rules. Be amongst the unique that do and use a good trading method/system. Your success will come faster than you think.
I wish you all the best.
Forex.DelijaWorld.com
System News: Creating True Wealth as A Forex Trader
-------------------------------------------------------------------------------------------------
Being a successful Forex trader takes more then just having money, time and desire. The more you realize it, the better are your chances of making it big in this wonderful business. Throughout the years I learned many valuable lessons that today I apply to my Forex trading. Here are some of these lessons. I hope you don’t take them lightly, I guarantee you that these are true gems product of trial and error (something I hope to shorten for you!).
1.Your psychological state of mind is more important than your dollars. Yes, that is correct. For example, entering a trade when you know you should not enter it and ultimately losing money on it will cause you a financial loss which hurts but can be recovered in the next trade or two. However, it will also cause you a psychological loss in the form of future fear and insecurity. This, will take more than one or two trades to recover!
2.This one is simple but you would not believe how many traders do not follow it. In bear markets sell the markets that show most weakness. Don’t try to outsmart the market. If the market is telling you "I am weak" don’t argue and just follow! If the market tells you "I am strong", BUY and continue BUYING!
3.Don't ever try to pick absolute tops and bottoms. I know of traders that have an addiction with this. They always look to pick the absolute bottom or top and ride the market on the reversal. They succeed one or twice but eventually suffer a big hit. If you can't help it and you want to try and look for those huge turning points in the market at least use some sort of confirmation. Don't just guess "this is the top" or "this is the bottom".
4.Trading runs in cycles. There are good day and bad days, there are good weeks and bad weeks, there are good months and bad months. Don’t let a bad day, week, or month put you down. Learn not to measure results in the very short term. Many traders give up after having three or four bad days. Don’t! Know that its part of the business. Hang in there, manage your money well, be persistent and I promise you it will pay off!
That's it. Remember, 95% of traders don’t follow these rules. Be amongst the unique that do and use a good trading method/system. Your success will come faster than you think.
I wish you all the best.
Forex.DelijaWorld.com
Thursday, May 8, 2008
Complimentary FX lesson...
Hi Traders
I'm always on the lookout for products that give new opportunity at Forex market...
Crude Oil-After breaking every possible resistance level, and setting all time highs on a daily basis, Oil is now traded around 124.00. The momentum is more bullish than ever, and it appears that the bonanza will continue, possible to the 126.00 level on this move. Forex traders have a great opportunity to dive into a very healthy up trend with great profit potential.
Don't miss to review Today...
I've already post at this blog a couple of forex trading lessons created by Adam from 5EMAs and I'm sure that you found them informative.
I don't know how he does it but Adam has created another lesson and, again, I consider it required viewing for every aspiring FX trader.
You can access this latest complimentary lesson...Click here to learn more..
As before, this is a "to the point" and well explained lesson so I hope you can quickly start using the technique in your own trading.
All the best,
Forex.DelijaWorld.com
I'm always on the lookout for products that give new opportunity at Forex market...
Crude Oil-After breaking every possible resistance level, and setting all time highs on a daily basis, Oil is now traded around 124.00. The momentum is more bullish than ever, and it appears that the bonanza will continue, possible to the 126.00 level on this move. Forex traders have a great opportunity to dive into a very healthy up trend with great profit potential.
Don't miss to review Today...
I've already post at this blog a couple of forex trading lessons created by Adam from 5EMAs and I'm sure that you found them informative.
I don't know how he does it but Adam has created another lesson and, again, I consider it required viewing for every aspiring FX trader.
You can access this latest complimentary lesson...Click here to learn more..
As before, this is a "to the point" and well explained lesson so I hope you can quickly start using the technique in your own trading.
All the best,
Forex.DelijaWorld.com
Tuesday, May 6, 2008
Simple rules, impressive results.
Hi Traders
How things going with you this week...have you positive trading trend ...
The Japanese Yen (JPY)- tracked other majors as Japanese markets remained closed for the day. Upon positive readings in US ISM services the USDJPY came within a two month high of 105.62 and a low of 104.74 before closing the day at 104.79 in the New York session. Japanese markets will remain closed on Tuesday.
USD/JPY-There is a very accurate narrowing bullish channel on the daily chart, as the pair now floats near the bottom barrier of it. The Slow Stochastic is indicating that the chances of a bearish breach are quite slim and that the bullish momentum still has steam in it. A failed bearish breach through the 104.00 level will probably unleash a fresh bullish move.
NEWS: Develop some simple rules to allow yourself to trade within a solid framework. A few basic rules can give you an edge, keep you out of trouble, and allow you to capture winning trades.... click here for details...
Regards
Forex.DelijaWorld.com
How things going with you this week...have you positive trading trend ...
The Japanese Yen (JPY)- tracked other majors as Japanese markets remained closed for the day. Upon positive readings in US ISM services the USDJPY came within a two month high of 105.62 and a low of 104.74 before closing the day at 104.79 in the New York session. Japanese markets will remain closed on Tuesday.
USD/JPY-There is a very accurate narrowing bullish channel on the daily chart, as the pair now floats near the bottom barrier of it. The Slow Stochastic is indicating that the chances of a bearish breach are quite slim and that the bullish momentum still has steam in it. A failed bearish breach through the 104.00 level will probably unleash a fresh bullish move.
NEWS: Develop some simple rules to allow yourself to trade within a solid framework. A few basic rules can give you an edge, keep you out of trouble, and allow you to capture winning trades.... click here for details...
Regards
Forex.DelijaWorld.com
Sunday, May 4, 2008
Low Risk Entry Points
Hi Traders
Before then start new trading week I wish to recommend you DailyForexCharts can help you improve your trading strategy and minimize losses by guiding you to:
*Identify lower risk entry points.
*Position yourself where powerful moves occur.
*Have a strategy to stay with a winning trade.
Here's some comments from traders who participated in our trial run of DailyForexCharts:
"Thank you for great answer and recap to Jeff's loosing trade question. I was in very similar situation on EURUSD trade the other day. This insightful analysis is precisely what was missing in my arsenal to help me tremendously to get out if it doesn't go my way.
Martin
"Thank you for the updates. It's really hard work on your part, your commitment does shine through. BTW, great pips on the EUR/JPY. Please, we want more!"
Abel
To learn more about DailyForexCharts.com and start your no risk trial, click here
Regards
Forex.DelijaWorld.com
Before then start new trading week I wish to recommend you DailyForexCharts can help you improve your trading strategy and minimize losses by guiding you to:
*Identify lower risk entry points.
*Position yourself where powerful moves occur.
*Have a strategy to stay with a winning trade.
Here's some comments from traders who participated in our trial run of DailyForexCharts:
"Thank you for great answer and recap to Jeff's loosing trade question. I was in very similar situation on EURUSD trade the other day. This insightful analysis is precisely what was missing in my arsenal to help me tremendously to get out if it doesn't go my way.
Martin
"Thank you for the updates. It's really hard work on your part, your commitment does shine through. BTW, great pips on the EUR/JPY. Please, we want more!"
Abel
To learn more about DailyForexCharts.com and start your no risk trial, click here
Regards
Forex.DelijaWorld.com
Friday, May 2, 2008
Simple rules, impressive results...
Hi Traders
U.S. Dollar Trading (USD)- strengthened against most of the majors on Thursday as the U.S saw positive data released combined with a surging equity market and more interest rate conviction which prompted confidence in the dollar....
EUR/USD-The key Fibonacci level of 1.5500 was breached and the bearish move is now validated with a full bar on the 4 hour chart. The momentum is very bearish and it appears that the next target price might be 1.5390. going short appears to be favorable today...
Education News: Develop some simple rules to allow yourself to trade within a solid framework. A few basic rules can give you an edge, keep you out of trouble, and allow you to capture winning trades...click here for details...
U.S. Dollar Trading (USD)- strengthened against most of the majors on Thursday as the U.S saw positive data released combined with a surging equity market and more interest rate conviction which prompted confidence in the dollar....
EUR/USD-The key Fibonacci level of 1.5500 was breached and the bearish move is now validated with a full bar on the 4 hour chart. The momentum is very bearish and it appears that the next target price might be 1.5390. going short appears to be favorable today...
Education News: Develop some simple rules to allow yourself to trade within a solid framework. A few basic rules can give you an edge, keep you out of trouble, and allow you to capture winning trades...click here for details...
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