PZ Wolf Waves Indicator - forex trading business in pakistan

PZ Wolf Waves Indicator ~ forex trading business in pakistan

PZ Wolf Waves Indicator

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Definition of Wolfe Wave

It is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there.

Anatomy of a Wolfe Wave

If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security and to anticipate price reversals which are likely to cause big price movements.
To identify Wolfe waves, they must have the following characteristics.

o    Waves 3-4 must stay within the channel created by 1-2

o    Wave 1-2 equals waves 3-4

o    Wave 4 is within the channel created by waves 1-2

o    There is regular time between all waves

o    Wave 5 exceeds trendline created by waves 1 and 3 

How to trade using Wolfe Waves

Wolfe Waves are amazingly easy to trade! The trade must be taken when the price closes above the trendline created by waves 1 and 3, and the last point of the wave should be used as a protective stop-loss.

The PZ Wolfe Waves indicator implements a trading filter which delays the signal until a price-based breakout takes place in the direction of the wave, making trades 99% deterministic and increasing the profit factor.

Because the indicator uses tops and bottoms to draw wolfe waves, the last leg of the wave must always repaint. However, the trading signal is based on the breakout of the trendline created by waves 1 and 3 and therefore trading decisions are deterministic and almost never repaint.

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Exclusive System Forex Investor - forex trading tips in mumbai

Exclusive System Forex Investor ~ forex trading tips in mumbai

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Economic Calendar - forex trading tax irs

Economic Calendar ~ forex trading tax irs

Earlier, actually in the last post i wrote about importance of knowing what economic data that affect Forex market will be relased and when. This information alone can save you a lot of pain, because, after some key economic indicators are relased, prices in just few minutes can go +200 pips up, and then out of sudden 300 pips down.

This mainly affects day traders or scalpers, and the EURUSD currency pair. I belive there are many ways you can deal with market moving indicators, but i will list two of my ideas i have came up with:

• Few minutes before economic data announcement hedge your position.
• Not all Forex brokers allows to hedge, if yours not, then you can close your position before data release and open a new one after market will "calm down".

And obviously do not make new trades (other then hedges) before economic data announcement.

More over important economic data dictates trend of the market, so you can use it for simple Forex fundamental analysis.

But the most important question here is, where do i get this data and how will i know which is important and which is not? My all time favourite source for economic data is bloomber economic calendar, which you can find here: ECalendar.

I like this calendar because, it places icon next to particular event, which tells me how important this event is, so i do not have to make my own research on every single event.

From my experience i can tell you that, two events responsible for the biggest moves are: Employment situation and FOMC meeting.
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7 signs of bad investment - forex trading tax in singapore

7 signs of bad investment ~ forex trading tax in singapore

Buying stocks on stock market or taking positions on Forex, often involves great deal of emotions, especially when you invest a lot of money, or you are starting out with trading and you are not comfortable with putting your money on the risk.

When it comes to money emotions are hard to control however, before you make decision to put money into some stocks, you can try to determine if there are any deadly signs of bad investment behind your decision. (For a full article visit ASXNewbie website, i will just list quickly those signs and make my comments on it).

Here they are: 7 signs of bad investment

1. Research, lack of research is probably one of the greatest mistake you can make, if you make good research, then you can get at least some confidence in your trade, which is important when it goes bad at the beginning.
2. Hesitation on fundamentals, this mainly applies to stock market, Forex traders rearly have to focus on fundamental data
3. Buying stocks for long term with no end in mind, it speaks for itself.
4. Not being aware of important announcements, on Forex it is useful to know when important economic data will be released, such as employment situation which is responsible for a big price changes in short time.
5. Sometimes investment needs care, especially if you trade long term
6. It is not a shame to get rid of bad investment or position, this goes back to the do not risk more then 5% of your capital on the single trade.
7. Doing what everyone else is doing, this is often mistake of unexperienced trader, be your own guru, do not look at other to know what to do, especially if they are losesr.
   

Mentioned article is more relevent to stock market, so i changed a bit all seven points to make them fit perfectly Forex market.
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Simple Forex strategies - forex trading losses tax

Simple Forex strategies ~ forex trading losses tax

I haventt recently updated this blog because, i am currently more focused on Stock Market, and system for sports betting which i recently created. When i will finish it, i wil give you link to this system, i suppose it will be free till the end of the season.

Anyway, simple forex strategies, what i mean by that? In my mind these are strategies that are very simple :). I often see guys with super advanced entry strategies. They use MACD, RSI, ADX, 10 different MAs and EMAs, Fibbonaci retracement, Elliot Waves to predict the best entry point.

I think its funny.

Because often these guys do not realize that actually there are only two types of indicators.

• Trend following - indicates whatever Market is in up or down trend (MACD for example)
• Momentum - tells you if Market is overbought or oversold (RSI)
  

There are also Volume and Volatility indicators but they are not suitable for Forex market. So if you use more then 2 indicators then you can right now narrow your choice down to only two.

How many oscillators do i use? I use none or zero, so in my mind forex strategy with 2 indicators is still complex strategy. Traders often say that you need a lot of indicators to get rid of false signal. But what i found out when i started using many tools was that i got as many signals that i should take LONG position as for SHORT position. So, keep in mind the old saying: sometimes less is more.

After eliminating all oscillators we are left with very simple tools:

• trend lines, as well as support and resistance levels
  
• Fibbonacci retracement

When i trade Forex i also use two other tools the are not as much popular as MACD, RSI but they work for me.

• Andrews Pitchfork
• Standard Deviation Channel

All of them, help me to determine trend, because what forex trading really comes down to is:

Determine trend, but do NOT try to predict future, it is impossible. determine trend based on what you already have on the chart. There are at least three types of trend: up, down, consolidation, i think i already said it, but it is worth repeating over and over.

Determine Take Profit and Stop Loss, GO IN. Thats it.

Ok so to sum this up. You can build a very complex strategy or system if it works for you, it didnt work for me at all. But remember, do not underestimate value and importance of very simple tools like trend lines, fibbonacci retracement and standard deviation channels.
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Kobas Forex Trading Strategy - online forex trading advice

Kobas Forex Trading Strategy ~ online forex trading advice

KOBAS STRATEGY

Timeframe: Any (but I recommend from 15 minutes chart and above)
Indicators:  Moving averages (Exponential)

i. Period 5 (Yellow)
ii. Period 10 (Magenta)
iii. Period 15 (Red)
iv. Period 65 (White)
MACD (Default settings)
You can also change the colors to Red and Dark Turquoise as shown
below.

Entry Signals

The signals are classified into 5 sentiments for the indicators
i. Bullish
ii. Bearish
iii. Consolidation
iv. Bullish Consolidation
v. Bearish Consolidation

Which means that the moving averages and the MACD can give signals based on any of
the 5 sentiments.

Although, we have four Exponential moving average indicators but, I will classify them
as two different indicators i.e, 5, 10 and 15 as one and then 65 as another indicator for our
signals.

We now we have:
Indicator 1 - EMA (5, 10, 15) 
Indicator 2 - EMA (65)
Indicator 3 - MACD with Red and Dark Turquoise colors.

SIGNALS FOR EACH INDICATOR

Indicator 1: Whenever there is a crossover of the three EMA (5, 10, 15), then wait until
they split distinctively according to the periods or colors as shown on the chart, then a BUY or SELL is confirmed depending on the direction at that point in time (Bullish or Bearish).If they are all together, that means consolidation.

Indicator 2: Check the angle of the 65 EMA
Upward angle: Bullish (BUY)
Downward angle: Bearish (SELL)
Flat: Consolidation (NO TRADE)

Indicator 3:  MACD
   Red line is the MACD signal line
Dark Turquoise bars are the MACD cloud
Zero level (0.00) separates BUY/SELL regions

If the Red line is above the zero level (0.00), that means BUY (Bullish) but if it is
below the zero line it means SELL (Bearish).

If the Dark Turquoise bars are above/below the zero line, that means BUY
(Bullish)/SELL (Bearish).

If the MACD signal line (Red line) is inside the MACD cloud (Dark Turquoise),
above/below the zero (0.00) line, that means BUY(Bullish)/SELL(Bearish).

If the MACD signal line (Red line) comes out from the MACD cloud (Dark Turquoise) above/below the zero (0.00) line, that means Bullish consolidation/Bearish consolidation.

Now, let me bring everything together. You must make sure that you consider these five
sentiments before taking a trade:

i. Check the three EMA (5, 10, 15).
ii. Is the market trading above or below the white line (65 EMA)?
iii. Check the angle of the white line (65 EMA).
iv. Check if the MACD signal line (Red line) is above/below the zero(0) level
v. Check if the MACD signal line (Red line) inside the MACD cloud.

Let’s apply all the rules on the market and see:

As you can see on the chart above, the 3 EMA (5, 10, 15) separated (SELL) and the
candles are below the white line (SELL). The white line (65 EMA) was angling down
 (SELL) and at the same time the MACD signal line (Red line) was below the zero level
(0.00) (SELL) and entering the MACD cloud (Dark Turquoise) (SELL).

For every signal, make sure the five sentiments shows BUY/SELL before you take a
trade.

Exit Signals

You can pullout from a trade when the MACD signal line (Red line) comes out of the
MACD cloud for short time traders or when the signal line crosses above/below the zero
level (0.00) in an opposite direction of our trade for position traders. Look at the chart
below:

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Very Simple And Profitable Forex Trading System - forex trading advice tips

Very Simple And Profitable Forex Trading System ~ forex trading advice tips

Description:

Use 1H chart on GBP/JPY with Stoch(5,3,3) and RSI(7). The idea is this ...use Stoch and RSI just to define where it is possible to have a breakout. Then use most profitable tool ever – simple candlesticks. If you have strong down trend and Stoch and RSI are oversold, and we have up trend candle (black candle) close at the middle of the last (in this case black one) enter a trade. You are getting 3 signals to confirm your entry – isn’t it great!?

Some people reports: With this system make more than 1500 pip only from GBP/JPY for week. (Use it just for GBP/JPY)

1 – RSI oversold    2 - Stoch oversold    3 - candle (black candle) close at the middle of the last one in opposite direction.

Buy/Sell rules Sell when RSI and Stoch are bought or they are close to overbought (75) line, and we have down candle which has closed at least at the middle of the last up candle.

Buy when we have oversold RSI and Stoch and we have up candle which has closed at the middle of the last down one.

Exit rules if we are in a sell trade and ... we have oversold RSI and Stoch and we see this up candle which has closed at 50% of the last down one - exit and enter another trade.

Stop loss: Place a stop loss 3 pips below your signaling candlestick – in this case figure #3 – see screenshot above.

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ALF Simple indicator - forex trading tips in south africa

ALF Simple indicator ~ forex trading tips in south africa

Download free ALF Simple system  indicator here:
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5 Simple CCI Scalping Trading Strategies 5 minute chart - online trading academy forex download

5 Simple CCI Scalping Trading Strategies 5 minute chart ~ online trading academy forex download

CCI Scalping is an excellent trading strategy, especially if you have some time to watch some charts for a while when trading Forex. 

I have collected 5 strategies with details below and when you review each one you will see that these are simple visual strategies with indicators that you may already have or you can easily find them on the net.

Each of these can be modified a bit to suit your taste, they are easily modified or enhanced.

The most important aspect of these systems is that the chart talks to you loudly so that you can see the opportunities to pick up some good pips



CCI Flash Scalping - Learn Forex Trading

http://www.learn-forextrading.org/ Tue, 02 Dec 2014 09:37:19 -0800
CCI flash scalping is a forex tradind system trend momentum very fast. A nice little 5-minute system – ideal for riding London morning session trends.

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Forex Trading: Easy Scalping at M5 on Any Chart | Make ...

http://dollarzonline.com/ Thu, 08 Jan 2015 01:00:26 -0800
Indicators : (1) Moving Average (MA): period 14 (2) Stochastic Oscillator: Kperiod 14, Slowing 7, Dperiod 3, level 25,50,75 (3) Commodity Channel Index (CCI): period 14, level +100,0,-100 TimeFrame: M5 or higher (scalping ...

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MQLPRO stoc/cci/VB intraday scalping system - Forex TSD

http://www.forex-tsd.com/ Sat, 02 Aug 2008 00:46:46 -0700
Hi Folks This system if followed can work for scalping It should make a good 10 pips a day .A good trader only needs to make 10 pips daily @2 lots /$20.

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Intraday Scalping Using EMA & CCI - BabyPips.com

http://forums.babypips.com/ Sat, 27 Apr 2013 01:36:04 -0700
Hi Friends, I am effectively using EMA & CCI for scalping for the past 1 Month.The Results are encouraging. Entry made in 5 Mins chart Using 288 &a.

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double cci and Rsioma - scalping strategy ~ ozo forex trading

http://ozofx.blogspot.com/ Tue, 24 Dec 2013 14:30:00 -0800
The best pairs to trade using this scalping strategy: EUR/USD, Aud/USD, GBP/USD. Time frame:1M and 5M. Spread max:0,00025. Timeframe : M1*M5. Indicators : 2MA crossover , Heiken ashi smothed , Rsioma , Double cci woody. Entry to ...

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Another Simple CCI Scalping Strategy - forex trading classes in toronto

Another Simple CCI Scalping Strategy ~ forex trading classes in toronto

CCI makes an excellent scalping tool, especially if you can be patient enough to wait until a divergence shows up.

To make this a little more reliable you can add a RSI indicator to the chart and check for divergences with it also.

In this example we can use CC!7 and RSI7 and that is about all we need to locate Regular Divergences.

Keep in mind that Divergences do not always work, Stop Loss is essential.

For this type of trading I use a 15 minute chart.

Here are three examples that you can have a look at and then adapt your trading style to suit.

Again, a Stop Loss is necessary. and definitely do not ‘Bet the Farm’ using this type of method.

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