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Money are traded on the Foreign Exchange market, likewise described as forex chart online. This is a decentralized market that covers the world and likewise is thought about the greatest by trading amount as well as among the most fluid worldwide. Currency exchange rate adjustment constantly due to the in the past modifying market forces of supply as well as requirement. Fx financiers purchase a cash set if they believe the currency exchange rate will absolutely raise along with offer it if they think the reverse will absolutely happen. The Foreign exchange market remains to be open throughout the world for 1 day a day with the exception of weekend break breaks.
Being a Forex Signals App user, the objectives like comparison table and also the brief learning given are true and advisable. Detailed knowledge on Forex Robots, Signal Services and Managed Accounts would guide best throughout trading. Thank-you for the sharing Tarry; would like to hear more on it and updates.
https://play.google.com/store/apps/details?id=com.signalstrading
Visit Amazing Forex Signals to earn Grand Profits. I personally advice on using this application that real time notifies you about the recent changes that occur and the place to invest. This would help you enhance your investment position as well be this app friendly. For details try: https://itunes.apple.com/us/app/forex-signals/id882296265?mt=8
In this article, I will feature a few of the Bollinger Bands reversal patterns that I personally use very often in my trading. These are valuable trading ideas that you can incorporate into your own trading strategies.
Before I jump into details, let me say this…
I always encourage traders to conduct proper backtesting when introducing new tools into your trading plan.
If you wish to discover how you can seamlessly incorporate new Bollinger bands ideas into your existing strategies, I recommend reading my previous post on Forex backtesting.
Very briefly, Bollinger Bands is a tool invented by John Bollinger in the 1980s. The tool consists of one line in the center, and 2 price channel bands above and below the center line.
The center line is usually a 20-period simple moving average, and the upper and lower bands are by default a measure of price levels that are 2 standard deviations from the center. However, there are some extreme markets that may require different parameters, so test it yourself.
Market prices tend to bounce between the upper and lower Bollinger Bands, and this tool can be used in pattern recognition to define and clarify pure price patterns. Today I will show you a few tricks to spot Bollinger Bands reversal patterns with high accuracy.
If you wish to read how to accurately catch reversal signal using bollinger bands, please visit for more in depth materials.
http://forexseriously.com/bollinger-bands-reversal-high-accuracy/
I am so happy i found your board educating people about forex market.
I my self, i always hear that name, forex market but i don't know what exactly it is. So at as now i will always make sure i visit this board to learn forex market.
But i will not go like that.
I want to know. what forex market is?
What is the minimum amount i am suppose to have before i can start that business?
What does that have to do with Forex? I like Hong Kong gold!
Some Guidelines for Using Bollinger Bands for Forex Trading
Bollinger Bands are widely and successfully used by forex traders worldwide. One of the great joys of having invented an analytical technique such as Bollinger Bands is seeing what other people do with it. While there are many ways to use Bollinger Bands in the forex market, following are a few rules that serve as a good beginning point.
1.Bollinger Bands provide a relative definition of high and low.
2.That relative definition can be used to compare price action and indicator action to arrive at rigorous buy and sell decisions.
3.Appropriate indicators can be derived from momentum, volume, sentiment, open interest, inter-market data, etc.
4.Volatility and trend have already been deployed in the construction of Bollinger Bands, so their use for confirmation of price action is not recommended.
5.The indicators used for confirmation should not be directly related to one another. Two indicators from the same category do not increase confirmation. Avoid colinearity.
6.Bollinger Bands can also be used to clarify pure price patterns such as M-type; tops and W-type bottoms, momentum shifts, etc.
7.Price can, and does, walk up the upper Bollinger Band and down the lower Bollinger Band.
8.Closes outside the Bollinger Bands can be continuation signals, not reversal signals--as is demonstrated by the use of Bollinger Bands in some very successful volatility-breakout systems.
9.The default parameters of 20 periods for the moving average and standard deviation calculations, and two standard deviations for the bandwidth are just that, defaults. The actual parameters needed for any given market/task may be different.
10.The average deployed should not be the best one for crossovers. Rather, it should be descriptive of the intermediate-term trend.
11.If the average is lengthened the number of standard deviations needs to be increased simultaneously; from 2 at 20 periods, to 2.1 at 50 periods. Likewise, if the average is shortened the number of standard deviations should be reduced; from 2 at 20 periods, to 1.9 at 10 periods.
12.Bollinger Bands are based upon a simple moving average. This is because a simple moving average is used in the standard deviation calculation and we wish to be logically consistent.
13.Be careful about making statistical assumptions based on the use of the standard deviation calculation in the construction of the bands. The sample size in most deployments of Bollinger Bands is too small for statistical significance and the distributions involved are rarely normal.
14.Indicators can be normalized with %b, eliminating fixed thresholds in the process.
15.Finally, tags of the bands are just that, tags not signals. A tag of the upper Bollinger Band is NOT in-and-of-itself a sell signal. A tag of the lower Bollinger Band is NOT in-and-of-itself a buy signal.
John Bollinger, CFA,CMT
I checked out the site..
good stuff,there are definate repeditive patterns.
Ilike the way you have the actual charts along with the numbers.thanks for the link.I have it bookmarked.
You wrote:
"Simply to advise you to
be careful, and out of the market if possible on NFP Fridays. It's
not worth the risk!"
Yeah, but if you know what is going to happen based on what has happened in the past, then you can make money on NFP Fridays.
Check out the non farm payroll charts on this free site:
http://www.forexnewspatterns.com
directions if my demo stopped...server was rest
Demo Server was reset so many lost their Forex demo feed or accounts expired
Here are directions to reactivate your account
FOLLOW THESE DIRECTIONS
OPEN PLATFORM
TOOLS
OPTIONS
UNDER SERVER PUT 75.127.166.62:443
GO TO FILE
OPEN NEW ACCOUNT
help me
There have been a few more people concerned about the "F" word -
Fraud. It even SOUNDS horrible! As you may know, several years ago,
I had a judgement against me for misrepresenting results for a
multi-million dollar managed account.
Time has passed, but the stigma has not, so I thought I would be
totally open about this for those who may not have seen my last
video.
Enjoy it. It is serious stuff, and affects the very core of your
own trading, so it's worth watching.
http://www.forex-science.com/james/james.html
Till next time
James de Wet
P.S. I am here to help. Many of my videos go out free of charge to
over 30,000 people. It feels good to give something back, and if
you have a topic which you need information on, drop me an email
and I might even do a special video on the topic.
On the first Friday of every month, the Non Farm Payrolls (NFP)
report comes out at *EXACTLY* 8.30 AM Eastern.
Before the report, market liquidity drops extremely low, and after
the report, volatility is usually very high. Because of this,
brokers don't guarantee stops or limits and the price action is very
unpredictable. Why am I telling you this? Simply to advise you to
be careful, and out of the market if possible on NFP Fridays. It's
not worth the risk!
Anyway, that's not the real reason for this email...
I have another *FREE* Video for you on Fibonacci analysis. Here is
the link:
http://www.forex-science.com/fibo/fibo.html
I hope you enjoy it!
James de Wet
P.S. The video is about 45 mins long, so grab a cup of coffee and
make yourself comfortable!
P.O Box 20093, Humewood, Port Elizabeth, 6013, South Africa
After taking the course,
go here:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27465227
Here are a couple of great free courses offered by PFX,
which If I were you ,would take advantage of....
http://www.pfxglobal.com/content/view/2213
http://www.pfxglobal.com/index.php?option=com_content&task=view&id=2141&Itemid=345
Classic Swing Trading
Swing trading is a pure, 100% technical approach to the markets. Simply put, we study and analyze the individual movements that comprise the bigger picture trends. Our goal is to become masters at interpreting the individual 'swings.' This is the purest form of market analysis we know of, with roots going back over 100 years to the early tape readers such as Richard Wyckoff, Jesse Livermoore and George Douglas Taylor.
Swing trading relies on the interpretation of the length and duration of each swing. Each swing defines important support and resistance levels, or prices where the market can be expected to find increasing supply or demand. We also measure the momentum of each swing, to determine whether momentum is increasing or decreasing.
We ask ourselves: how do these various swings, with differing lengths, durations and momentum, fit into the structure of the bigger picture, higher-time-frame trend? And is there sufficient volatility to justify trading specific swings? Volatility is an area that we have done considerable research on, and which we incorporate into the classic understanding of swing trading in our own unique way. Putting these pieces together and sorting out the implications is the swing trader's job.
It is important to emphasize that the swing trader judges the market solely by its own actions. Monitoring the magnitude, duration and quality of the swings tells us when to trade for a small target or a larger objective, and which swings to follow and which ones to ignore. A professional learns how to work the swings in the direction that achieves the highest level of trading efficiency. In most cases this will be in the direction of the longer-term trend.
Trends are defined by specific patterns and are comprised of many individual swings. The individual swings define our risk points. These are all quantifiable elements. A trader who claims to be proficient in swing trading should be able to quantify both the trade setups as well as the probabilities for the outcome of each trade.
Swing trading is no different than playing bridge, poker, or other card games based on statistical probabilities. It comes down to a basic understanding of game theory and the numbers surrounding each point of play. As in all games, swing trading reveals to us that money management and risk control determine the outcome of the game more than any other variable.
Basic tenets of swing trading: During strong trends, we use retracement swings to enter in the direction of the trend. These points are also referred to as 'pullbacks' or 'dips' in an existing trend. When a new momentum high is made, we look to our highest probability trade, which is to buy the first pullback. When a new momentum low is made, we look to sell the first rally. We continue trading in the direction of the main trend until there is a buying or selling climax, or a failure test. A failure test would be the most aggressive type of trade entry when swing trading. A retracement in a trend would be the most conservative. Pattern recognition is used to determine the trend and also to define a 'failure test.' Experienced swing traders always look to trade in the direction of the higher-time-frame trend, while using the lower time frame patterns to determine risk and entry.
George Douglas Taylor probably best summed up these basic tenets in his classic text on the subject, known as the Taylor Book Method, dating back to the late 1940s. In his manual, Taylor lays down a very organized method for determining the short-term trend, and the position of the short-term cycle within the trend. Tests of previous highs and lows, as well as systematic counting of cycle days, forms the basis for determining whether to buy, sell or sell short.
In sum, swing trading is quantifiable, hard-core technical analysis. At LBRGroup, we bring you the most cutting edge techniques, methods and tools for developing your own swing trading program. What you learn in these pages will be applicable to trading all markets, from stocks to commodities.
*FREE 30 minute Video*
One of the four most frequent requests from our survey was for a
video on Candlestick charting. I have put one together for you,
which will help you to identify the most powerful and common
candlestick formations, and how to use them in your trading. Here
is the link:
http://www.forex-science.com/candle/candle.html
I hope you enjoy it, and please keep the emails coming.
Regards
James de Wet
THIS VIDEO IS QUITE LONG, BUT WORTH WATCHING*
Hi, Don
I have put another video together for you. This is one of the
biggest questions people ask me almost every day.
Profit taking is one of the toughest part of trading, and this
guide should help!
Here is the link:
http://www.forex-science.com/profittaking/profittaking.html
Please feel free to email me (address below) Let me know how I can
help you and what video subjects you want.
Regards
James de Wet
admin@forex-science.com
"The official cause of death was to be determined by the medical examiner."
That should be a real tough call :0
Betcha somethin was/is being covered up & she was pretty close to bein in the middle of it.....& I find it strange that the piece goes on to say that....
"In 1982, a 57-year-old senior U.N. Official who had just resigned from the Office of Financial Services and was reported to have been upset about his failing health plunged to his death from the 18th floor of the Secretariat building."
How much ya wanna bet that in a few days/weeks they say this latest jumper jumped cuz of failing health or other personal reasons unrelated to her job?
I also find it ironic that they haven't put any safety measures in place on this bldg to guard against "suicide" attempts.....how convenient.
Smells a bit to me.
Woman Dies After Fall From UN Building
Email this Story
Feb 17, 5:03 PM (ET)
By JOHN HEILPRIN
UNITED NATIONS (AP) - A woman who worked for the United Nations died Sunday after falling from the 19th floor of the U.N.'s Secretariat Building, authorities said.
Police and U.N. security officers at the scene, who spoke on condition of anonymity because they were not authorized to talk to the media, said the woman in her 40s had jumped from a window after showing up to work early in the morning.
"A U.N. agency staff member died after falling from the 19th floor of the U.N. Secretariat Building," U.N. deputy spokeswoman Marie Okabe said. "At this time there is no suspicion of foul play."
Okabe said U.N. officials would not confirm her identity even after her next of kin were notified.
The official cause of death was to be determined by the medical examiner.
U.N. staff rushed to the scene and escorted investigators to the rear area of the building, where yellow tape was put up around the woman's body. Some U.N. staff were blocked from leaving the building just after the discovery.
In 1982, a 57-year-old senior U.N. official who had just resigned from the Office of Financial Services and was reported to have been upset about his failing health plunged to his death from the 18th floor of the Secretariat building.
Psychology of trading
from James.....
http://www.forex618.net/test66/test66.html
Global monitoring with the
BIS international banking
statistics
This paper illustrates various applications of the BIS international banking statistics. We first compare
international bank flows to measures of real activity and liquidity and show that the international
banking system is becoming a more important conduit for the transfer of capital across countries. We
then use network analysis tools to construct a bird’s eye view of the structure of the international
banking market and to identify key financial hubs. Linking this information with balance of payments
statistics helps to better understand the role of banks in the financing of current account flows, for
example the recycling of petrodollars and Asian surpluses. Finally, the paper illustrates how the BIS
statistics can be used to analyse internationally active banks’ foreign exposures to credit risk and,
thus, spot vulnerabilities in the international banking market.
http://www.bis.org/publ/work244.pdf?noframes=1
Thats the attitude.
;)
Thx...a good lil nugget there..saved to computer & will begin to hammer away at it.
Here's another e-book,also good reading..
The Realities of Chart Reading by: Peter Kaplan
http://www.theforexclub.us/The%20Realities%20of%20Chart%20Reading.pdf
Trading for a living...
Great free e-book I hi jacked a while ago .....its a good read if you have the time.
http://www.theforexclub.us/Website%20books/017-Trading_For_A_Living_In_The_Forex_Market.pdf
new to forex..
check this out....
Price of a PIP..
Exercise 1: Circle and identify the candlestick formations in the following Charts.
Exercise 2: Circle and identify the candlestick formations in the following Charts.
answers will be posted shortly....
Back Testing vs. Forward Testing [Video]
http://www.youtube.com/v/OX-JWEJksA4
chart patterns and indicators....
http://www.theforexclub.com/patterns.htm
Fib videos..just made...
http://www.theforexclub.com//Fibonacci.htm
Advanced Trading Strategies for Experienced Forex Traders
Tim Bourquin hosts panelist Dave Floyd and Todd Gordon as they discuss specific chart analysis techniques that you can apply at home and use with your own data and trading software. Focus: Trading (includes online brokers, software companies)
[Suppressed Sound Link]
Very good audio..
Building a Super-Charged Trading System: What Matters in Currency Trading
Join author and experienced forex trader Rob Booker and acquire detailed insights on the low-risk/high-return trading system that he uses and discover how you can build a profitable trading system.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26692734
Developing Your Own FX Trading Plan
Traders looking to get started in the currency markets won't want to miss this informative session led by Marilyn McDonald of Interbank FX. Learn what it takes to develop a comprehensive and reliable forex trading system, and hear about some innovative tools that thousands of traders worldwide rely on for their own success in the market
** sound file embedded ,wait for it to load. ***
[Suppressed Sound Link]
Hi, Don
I guess the most important part of trading is not the system you
use. Most people spend their (short) trading careers looking for
"the" system which will work for them. Well, stop doing that, and
focus on the *REALLY* important things!
http://www.forex-science.com/Videos/lesson2.htm
Enjoy...
James
Chart Patterns.
http://www.theforexclub.us/candlesticks.htm
free forex class.
http://www.tradingacademy.com/forexclasscontent.htm
Welcome to the Financial Education Center of The Forex Club.US!
This incredible site was developed over the course of one full year by Online Trading Academy's faculty of the best trader instructors and analysts. It will give traders and investors like you access to the best education available today on the web, and it is ABSOLUTELY FREE. This information will help you become a more successful investor or trader if you take the time to invest in yourself.
Please enter your email address accurately, so that we can send you a link to an additional online course and other valuable trading resources. We protect your privacy and will never share your information with any other company. If you choose to sign up for our newsletters, you will start receiving them shortly, and you can unsubscribe whenever you like, using the links provided on the newsletter.
http://www.tradingacademy.com/theforexclub/index_theforexclub.htm
[Suppressed Sound Link]
that they are..
along with MA's and a little MacD on the side.
;)
i like fibs! VERY useful in fx trading
Ataglance, You have a nice web site. I am finding it informative.
help_me
Fibonacci And The Golden Ratio
by Justin Kuepper,
this will show how to use other fib indicators like fans,fib time lines arc's ect.
experiment and share what you learn....
http://www.investopedia.com/articles/technical/04/033104.asp?partner=answers
more on fibs..
5 fib tricks.
http://www.theforexclub.us/fibtricks.htm
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Forex Education Is being created for a place in our Hub for topics on Forex education..
Here we will be posting links ,video's ,audio clips,Pdf's..ect,
To help Forex Traders understand the Forex Market and a place for other forex traders to share and to teach others what they have learned in order to trade the Forex Market with confidence. I personally find myself sharing and teaching other Forex traders what I have learned ,and by doing so ,keeps me refreshed and at the top of my Game.After almost 2 years, I still learn something new everyday about the forex market ,and you will find as you get better and better at Forex trading ,your quest for knowlege never ends.
This board is another extension of the Hub which includes ,
Forex Traders #board-5125
Forex News Traders #board-11629
Forex Technical Review #board-11630
Forex Trading Strategies #board-11628
This Board is open for all interested in the Forex Market..Also feel free to post a topic or a subject you want to know about.We will do our best to answer.
History of Forex
Barter http://en.wikipedia.org/wiki/Barter
Currencies based on Gold
Paper money exchanged for gold (reserves)
“Run on the Bank” http://en.wikipedia.org/wiki/Bank_run
Bretton Woods http://en.wikipedia.org/wiki/Bretton_Woods_system
Created IMF, World Bank, GATT
European Monetary System http://en.wikipedia.org/wiki/European_Monetary_System
Maastricht Treaty http://en.wikipedia.org/wiki/Maastricht_Treaty
SE Asia 1998 Crisis http://en.wikipedia.org/wiki/1997_Asian_Financial_Crisis
It used to be that the value of goods and services were expressed in terms of other goods. This was called the barter system. Carrying around goods as a medium of exchange can be a little cumbersome, so some economies began to use specific goods, such as feathers, polished stones, special metals (gold & silver) as a medium of exchange. The first coins were made from gold and silver. During the Middle Ages, economies began to use paper money to exchange value as an I.O.U.
Prior to WWI, central banks supported their currencies through convertibility to gold. Paper money could be converted into gold by request to the bank. Because it was likely that all holders of paper money would request gold at the same time, banks only needed to keep a determined amount on hand to handle normal exchange requests (gold reserves). Therefore, the amount of money outstanding was increasing relative to the amount of actual gold on hand. During times of crisis, when the confidence of the financial system was low, we had such events as a “run on the bank.” That was when a large amount of currency holders requested conversion into gold at the same time, especially if it
was more gold than the bank had on hand. Political instability and inflation were the results of an increased supply of paper money (IOUs), relative to gold reserves. Foreign exchange was affected by such events due to its impact on the economy.
Subsequently, foreign exchange controls were introduced to control the forces of supply and demand’s. In July 1944, towards the end of WWII, the Allied countries (U.S., Great Britain, France) met at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire. Their intent was to structure a world economic system that would stabilize the volatility in the foreign exchange markets that had occurred previously. The result was the Bretton Woods Accord which determined a system for pegging currencies and created the International Monetary Fund. The Accord fixed the US Dollar at $35 per ounce of gold and fixed other currencies to the dollar.
Subsequently, there were other changes that took place in regards to the Accords. During the 1960s the volatility between different country economies became more extreme, making it difficult for some to maintain the pegging system. Bretton Woods collapsed in August, 1971, when President Nixon suspended the gold convertibility standard. The dollar had lost its attraction as the sole international currency due to the impact of growing trade deficits and government budget deficits.
Since then the foreign exchange market has grown into the world’s largest market. In 1979, the European Economic Community introduced a new system of fixed exchange rate call the European Monetary System. This system almost disintegrated in the early 1990s when a number of European countries were forced to devalue their currencies.
In their continued attempt to stabilize foreign exchange, the European Community signed the Maastricht Treaty. The treaty was designed to fix exchange rates that would eventually evolve into a single European currency, called the Euro. The Euro replaced many of the member currencies in 2002.
The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. Today, Europe is currently in the Euros third and final stage, where exchange rates are fixed in the 12 participating Euro countries but still use their existing currencies for commercial transactions. The physical introduction of the Euro will be between January 1, 2002 and July 1, 2002. At that point the old countries currencies will be obsolete. In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997,
where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable. While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The size of the FOREX market now dwarfs any other investment market. It is estimated that more than USD 1,600 Billion are traded every day, that is the same amount as almost 40 times the daily USD volume on the American NASDAQ market.
How to post a chart on Ihub
http://www.theforexclub.us/ihubposting.htm
Money Masters Video
http://video.google.com/videoplay?docid=-515319560256183936
Forex Terminology and Concepts to Know
http://www.pfxglobal.com/index.php?option=com_content&task=view&id=2051&Itemid=253
Indicator Interpretation
http://www.theforexclub.us/indicatorinterpretation.htm
Secrets of Fibonacci
http://www.theforexclub.us/Website%20books/Fibonacci%20Secrets.pdf
Five Fib Tricks
http://www.theforexclub.us/fibtricks.htm
Fibonacci video's
http://www.theforexclub.com//Fibonacci.htm
Patterns and indicators video's
http://www.theforexclub.com/patterns.htm
Links of Interest.
http://www.theforexclub.us/bootcamp.htm
http://www.babypips.com/school/
http://wfhummel.cnchost.com/index.html#4
http://www.theforexclub.com/education1.htm
http://www.theforexclub.us/ebook.htm
http://www.theforexclub.us/candlesticks.htm
http://new.quote.com/global/forex/home.action
http://www.theforexclub.us/goldrush.htm
Forex Charts
http://www.freedownloadmanager.org/downloads/forex_software/
Beginner Trading Course
http://www.informedtrades.com/trades.php?page=freetradingcourses
Download forex stategy builder here
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