PZ Lopez Trend Indicator - forex trading business model

PZ Lopez Trend Indicator ~ forex trading business model

PZ Lopez Trend Indicator

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Anatomy of the indicator

The Pz Lopez Trend indicator displays a colored line surrounded by a price band. The colored line is the mean price of the security, and the price band represents the overbought/oversold levels. If the mean price is blue you should be looking for long trades when the market is not overbought, and if the mean price is red, you should be looking for short trades when the market is not oversold.

There is a myriad of strategies which can be developed using the Pz Lopez Trend indicator, being the simplest of them a reversal system which trades only when the close price hits the mean price or the bands, thus avoiding trading when a sudden spike or correction takes place and the market is panicking.

The rules can be summed up as follows. Buy during an uptrend when the price hits the mean price or oversold band, and sell during a downtrend when the price hits the mean price or the overbought band. This simple strategy will keep your losses to a minimum when the market is flat or jumpy.

However, you can create your own trading strategies, as long as trades are taken inside the bands or close to the mean price. Almost any indicator can be useful in conjunction with the Pz Lopez Trend indicator without altering the value it provides: isolation from market noise.

Additionally you can fine-tune the entry strategy using other discretionary price action ingredients, such as false breakouts, pin bars, fractals, candlestick patterns or breakouts. Just make sure not to buy above the overbought level, and not to sell below the oversold level.

Free Download PZLopezTrend.rar :

PZLopezTrend.ex4

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What is Double Top Strategy in Currency Forex Trading - forex trading courses nz

What is Double Top Strategy in Currency Forex Trading ~ forex trading courses nz

Double Top Strategy in Currency Trading

Forex trading now being very popular through out the world . Many investors like to trade in Forex than stock markets . But , Without proper basic knowledge , traders or investors can loss all their valuable money. So before investment in Forex Market, traders should learn few basic fundamentals & strategies to reduce risk . The "Double Top technical analysis charting pattern" is a common and highly effective price reversal pattern in Forex Market. 

Double Top Formation Components:-

First High: Bulls push prices upwards making new highs; however, these new highs are short lived and prices retreat.

Second High: Prices dont retreat for long because bulls make another run, making a similar high. Nevertheless, this is bearish, because bulls were unable to push prices higher; bears held their ground at the previous high level. The bears push prices back to support (Confirmation line); this is a pivotal moment - either bulls will make another push higher or bears will take control and push prices even lower, more than likely taking over for good.

Double Top Sell Signal:-
Sell when price closes below the confirmation line.

Note that traders expect a significant increase in volume to accompany the confirmation line break; if there is very little volume when price pierces the confirmation line, then the move downward is suspect. Small volume usually means weak support of price movement 

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Top Performing Currency ETF Using Relative Strength Factor Trading Strategy as at January22 (updated) - forex trader academy

Top Performing Currency ETF Using Relative Strength Factor Trading Strategy as at January22 (updated) ~ forex trader academy

The Top 5 Currency ETFs today using the Relative Strength Factor Trading Strategy are shown in this chart. (ETFScreen.com)

We can take a look at this group and make some comparisons regarding performance.

The best performer in this group is the 

PowerShares DB 3x Long US Dollar Index Futures ETN

Some statistics:

Here is a one year chart:

Here is a Point and Figure Chart showing a target price of $83.50.

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25 Top Ranked Forex Trading Books On Amazon - best forex trading practice account

25 Top Ranked Forex Trading Books On Amazon ~ best forex trading practice account

Today I had the opportunity to spend some time looking at the Amazon book selection and decided to extract a list of the 25 Top Ranked Forex Books On Amazon.

How I gathered the list was to sort by by the ranking that Amazon assigns based on sales.

Each of these books has been reviewed by more than ten different reviewers and they all have a rank of greater than 3.5, most of them are greater than 4, indicating favorable reviews.

As you will see, the list is populated with respected authors and great titles.

Be sure to have a look at this list, there may well be something that appeals to you and will help your trading system.

Have a great week of trading ahead!

You can see the list by clicking here


Enjoy!
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