HotForex Social Traders Network ~ forex trading is a business
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Kamis, 12 Mei 2016
PZ Trading Idicator Template pointzero trading com ~ forex trader business card
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The PZ Trend Following Suite and I couldnt resist to issue an answer to your post. First, what you have in your hands is not the PZ Channel Indicator, but an incomplete decompilation which you might have gotten from ebay or who knows where. It works more or less, but not like the actual/original version. The Pz Trend Following Suite is updated very very often.
Secondly (and I have to say this) you are missing the point about the Pz Trend Following Suite. It is not a magic early no-loss buy/sell signals indicator (aka "the ultimate indicator"), it is a suite that tries to enhance and simplify your trading activity. Here is what each element is for:
- The Pz Dashboard monitors dozens of symbols and tfs, and finds trading opportunities (mail, alerts, sound)
- The Pz Levels and Pz Channel are trend following indictors and are designed to show the trend direction.
- The Pz Bars indicator is used to know the short-term price direction. This is the "time your trades properly" indicator.
- The Pz Oscillator must be used with the Pz Bars indicator to...
> Trade divergences (double top, double bottom, SHS) if the PZ Bars indicator confirms
> Trade breakouts and time your trend trades properly in the direction of the trend
- And finally, the PZ Manager EA is designed to manage your trades properly and save you time. I know lots of traders who pick up great entry points, but they dont know when to exit and lose. This Ea solves that.
So... you are pretty much missing the whole thing because you only have an old version Pz Channel Indicator...with no dashboard, timing indicators or position manager EA.
And of course, MACD is a great indicator as well! Experienced traders can make a killing using only moving averages and macd, like Bill Williams did. Your expectation about PZ to be "better than other indicator" is unrealistic, the goal of the product is not to replace you, but give you tools to be more effective trading (find opportunities, save time and avoid mistakes by automating position management, time your trades accurately, etc).
We are coherent with this, we always recommend our potential customers to learn to trade first and buy the suite with the proceeds of their trading activity: trading is a business and it should be treated like such.
Simply said, with our suite a trader who traded succesfully 5-6 markets can now trade hundreds of markets with more effectiveness and more free time for himself. And this is why the suite is valuable and costs 300usd: you would need a trading staff of at least 5-6 people to trade all those markets and properly manage all positions.
In the same fashion, a losing or compulsive trader is likely to still lose with the Pz Trend Following Suite. The only advantage he could have is letting the Pz Manager EA to manage his trades and avoid costly mistakes.
It seems to me that you are the typical small trader who trades 2-3 forex markets with the only goal in mind to nail entry points with some magical indicator. That is a very poor trading approach: we trade hundreds of markets and know that money is earned when you get out (not when you get in).
Anyway, thats it. Some of our trades are posted in our flickr gallery.
Take a look sometime.
No bad feelings for using our hacked work. Cheers!
PS: A two-bar lag for trend changes is uncomfortable for some people. They prefer to use the PZ Levels indicator which is based on breakouts (instead of fractals) and has no lag.
Secondly (and I have to say this) you are missing the point about the Pz Trend Following Suite. It is not a magic early no-loss buy/sell signals indicator (aka "the ultimate indicator"), it is a suite that tries to enhance and simplify your trading activity. Here is what each element is for:
- The Pz Dashboard monitors dozens of symbols and tfs, and finds trading opportunities (mail, alerts, sound)
- The Pz Levels and Pz Channel are trend following indictors and are designed to show the trend direction.
- The Pz Bars indicator is used to know the short-term price direction. This is the "time your trades properly" indicator.
- The Pz Oscillator must be used with the Pz Bars indicator to...
> Trade divergences (double top, double bottom, SHS) if the PZ Bars indicator confirms
> Trade breakouts and time your trend trades properly in the direction of the trend
- And finally, the PZ Manager EA is designed to manage your trades properly and save you time. I know lots of traders who pick up great entry points, but they dont know when to exit and lose. This Ea solves that.
So... you are pretty much missing the whole thing because you only have an old version Pz Channel Indicator...with no dashboard, timing indicators or position manager EA.
And of course, MACD is a great indicator as well! Experienced traders can make a killing using only moving averages and macd, like Bill Williams did. Your expectation about PZ to be "better than other indicator" is unrealistic, the goal of the product is not to replace you, but give you tools to be more effective trading (find opportunities, save time and avoid mistakes by automating position management, time your trades accurately, etc).
We are coherent with this, we always recommend our potential customers to learn to trade first and buy the suite with the proceeds of their trading activity: trading is a business and it should be treated like such.
Simply said, with our suite a trader who traded succesfully 5-6 markets can now trade hundreds of markets with more effectiveness and more free time for himself. And this is why the suite is valuable and costs 300usd: you would need a trading staff of at least 5-6 people to trade all those markets and properly manage all positions.
In the same fashion, a losing or compulsive trader is likely to still lose with the Pz Trend Following Suite. The only advantage he could have is letting the Pz Manager EA to manage his trades and avoid costly mistakes.
It seems to me that you are the typical small trader who trades 2-3 forex markets with the only goal in mind to nail entry points with some magical indicator. That is a very poor trading approach: we trade hundreds of markets and know that money is earned when you get out (not when you get in).
Anyway, thats it. Some of our trades are posted in our flickr gallery.
Take a look sometime.
No bad feelings for using our hacked work. Cheers!
PS: A two-bar lag for trend changes is uncomfortable for some people. They prefer to use the PZ Levels indicator which is based on breakouts (instead of fractals) and has no lag.
PZ Day Trading
FXPZTrend
PZ Binary Options indicator
PZHarmonicTrading
PZWolfeWaves
PZ-indicators
Ultimate Candlestick Reversal Pattern
CandlestickPatternRecognizer
PA candlestick v1.1
CLICK HERE TO DOWNLOAD
FXPZTrend
PZ Binary Options indicator
PZHarmonicTrading
PZWolfeWaves
PZ-indicators
Ultimate Candlestick Reversal Pattern
CandlestickPatternRecognizer
PA candlestick v1.1
CLICK HERE TO DOWNLOAD
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Senin, 09 Mei 2016
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
- 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.
- Hesitation on fundamentals, this mainly applies to stock market, Forex traders rearly have to focus on fundamental data
- Buying stocks for long term with no end in mind, it speaks for itself.
- 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.
- Sometimes investment needs care, especially if you trade long term
- 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.
- 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.
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Selasa, 03 Mei 2016
Basket Trading EA Trading System ~ forex trading is trustable business
Basket Trading EA & Trading System
Here are my two test setups for the week with the new EA, the first one is a basket with 5 pairs and Lot = .02.
The second one is a 14 pair basket with Lot = .01.
The third screen shot is just an example of how 2 long trades can work.
The arrows on the chart are an indicator I use that I have placed the EA rules into so I can do a quick back check of what different settings would have looked like in the past and not part of the EA, this way I can check to see if my rules work without having to wait weeks for the EA to take trades.
Now all we have to do is wait and see if the EA does what it should this week if it follows the rules.
CLICK HERE TO DOWNLOAD
More info for Basket Trading EA Trading System ~ forex trading is trustable business:
Senin, 25 April 2016
EVERY TRADERS MUST READ THIS PDF Manual BABYPIPS PDF ~ asian session forex trading strategy
EVERY TRADERS MUST READ THIS PDF
Learn Forex Trading at the School of Pipsology
Forex education is crucial for beginners.
We, the FX-Men, firmly believe this.
This is why weve come up with the new School of Pipsology. More lessons, more content, and more corny jokes to satisfy your hunger for forex education.
The School of Pipsology is designed to help you acquire the skills, knowledge, and special abilities to become a successful trader in the foreign exchange market.
If you want to jump straight to the lessons and start learning how to trade forex, just click the button below. But if youd like to know more about the School of Pipsology, continue reading on...
CLICK HERE TO DOWNLOAD
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Senin, 11 April 2016
NEW TDI Method v2 ~ forex trading is best business
NEW TDI Method V2
The so-called "New TDI Method" is a trading strategy based on the modified TDI indicator. I think the original TDI trading is not simple, the reaction is not sensitive. So I do not use the original TDI indicator, but the use of alternative solutions to simplify. I only apply three indicator lines instead of the original TDI:
1. RSI (13) as the relative strength index, the application price is close, the color is set to be colorless;
2. SMA (7) as a trading signal line (TSL), applied to RSI, the color is red;
3. SMA (2) as the RSI price line (RPL), also applied to RSI, the color is green.
For your convenience, I have attached a template that can be downloaded directly.
New TDIs trading method is the same as the original, when the green price line (RPL) with the red trading signal line (TSL), it generates a trading signal, at same time, added the reverse entry point, OBOS strategy etc. In addition, the position can be a variety of ways (SL, TP, reverse cross, BE).
1. RSI (13) as the relative strength index, the application price is close, the color is set to be colorless;
2. SMA (7) as a trading signal line (TSL), applied to RSI, the color is red;
3. SMA (2) as the RSI price line (RPL), also applied to RSI, the color is green.
For your convenience, I have attached a template that can be downloaded directly.
New TDIs trading method is the same as the original, when the green price line (RPL) with the red trading signal line (TSL), it generates a trading signal, at same time, added the reverse entry point, OBOS strategy etc. In addition, the position can be a variety of ways (SL, TP, reverse cross, BE).
Specific methods are as follows:
1. Symbol............All pairs(I generally trade20~ 28 pairs?
2. TimeFrame.......M30
3. SELL Signal?See figure below?
The green line (RPL) crossed down red line (TSL) after Pre-Candle Close,
and red line (TSL) >68
4. Buy Signal?See figure below?
The green line (RPL) crossed up red line (TSL) after Pre-Candle Close,
and red line (TSL) <32
5. Add Orders?Corrected?
If the price is running in the Opposite direction as orders, then every 20 points to increase a position, up to 6.
6. Exit Trading
a?A single currency pair or basket of profits reached TP?
b) A single currency pair or basket of profits reached SL?
c) When the opposite direction of the trade signal;
d) When setting the break even point, the price is withdrawn to BE.
Next step, after Im considering the maturity, will increase the number of signal filtering options.
Trading happiness!
Good luck, everyone.
1. Symbol............All pairs(I generally trade20~ 28 pairs?
2. TimeFrame.......M30
3. SELL Signal?See figure below?
The green line (RPL) crossed down red line (TSL) after Pre-Candle Close,
and red line (TSL) >68
4. Buy Signal?See figure below?
The green line (RPL) crossed up red line (TSL) after Pre-Candle Close,
and red line (TSL) <32
5. Add Orders?Corrected?
If the price is running in the Opposite direction as orders, then every 20 points to increase a position, up to 6.
6. Exit Trading
a?A single currency pair or basket of profits reached TP?
b) A single currency pair or basket of profits reached SL?
c) When the opposite direction of the trade signal;
d) When setting the break even point, the price is withdrawn to BE.
Next step, after Im considering the maturity, will increase the number of signal filtering options.
Trading happiness!
Good luck, everyone.
CLICK HERE TO DOWNLOAD
More info for NEW TDI Method v2 ~ forex trading is best business:
Jumat, 25 Maret 2016
The 95 of all Forex traders fail Lie! ~ forex trading tax malaysia
I refer 95% lie to sentence: “95% of traders fail”. Although this are calculations made by brokers, based on their account history. I suppose those are accounts that were blown out by newbie traders.
Anyway I have to admit that it is true that 95% of account ends up empty within less then three months. But hose who were trading them … were they really traders? I think not, in my opinion they were gold diggers or just uninformed fools.
It happens often that after forex success story in newspaper or magazine, people without knowing anything about forex think: “Hey this is easy way to make money! If that guy in the newspaper made millions, I can make at least few thousands I am not stupid”. I don’t have to tell you how wrong this guy is. He takes loan, and starts trading, within 3 months he has got no money but a big loan to pay.
I believe this are the people who goes by 95% rule. But it doesn’t have to be that way. You can make money, but you have to understand it is not going to happen overnight. Probably not even within two years. But it is possible.
What it takes to become trader? In my opinion the only difference between successful and unsuccessful trader is … experience. All you need to do is trade and get some experience.
But there is something more important. As you may lack successes within this two years it is crucial to believe that you can really do it, that it is possible to achieve success. If you have problem with that then, do yourself a favor and buy Anthony Robbins “Awaken the giant within” great book on positive mindset.
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Kamis, 24 Maret 2016
Forex Market Hours Monitor ~ forex trading is special business
Forex Market Hours Monitor
Forex Market Hours is a handy freeware program that allows keeping track on active Forex market sessions worldwide.
London, New York, Sydney, Tokyo - major trading sessions with the biggest volume of trades are depicted in friendly dialog window with active hours tracking tool. Program needs no installation and will graphically show forex trading hours that are currently active. Forex Market Hours Monitor adjusts users current time to Eastern Standard Time and shows active trading sessions in the Forex Market. Program can be used by all forex traders trading in any time zone.
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Selasa, 22 Maret 2016
The Forex Traders Ten Commandments ~ forex trading daily advice
so you want to be a trader huh…? A successful one i hope.. Well if so you then want to pretty quick write down some really important rules.
These rules if used correctly will always have you ahead. However if you cannot follow them to the tea then you will always run into problems. I call them the ten commandments of trading because once you can fully learn to follow them then you will always make money no matter what, however if you choose to risk one or the other you are gonna have issues that is for sure..
This is by the way for the Forex market.. Not for other markets.
Forex Traders Ten Commandments- Always look at overall trend. If the overall trend is up then simply put only look for buys, don’t trade both ways unless you are sure you are at major top like a daily resistance. It is just not worth the risk otherwise. Make sure to identify the overall trend and then stick to it until the overall trend line is fully broken..
- Always know your Risk First.
- Always know your attainable Reward.
- Keep Account draw down to less than 20%. Draw down is fine, but not at the expense of your whole account so keep it in check..
- Sell at highs ( retracements )
- Buy at lows ( retracements )
- Keep to your own personal exposure rules to limit risk in the market.
- Use a stop loss that is where you are definitely wrong.. It is always better to focus on winning trades rather than losing trades, so either hedge the bad trade ( optional advanced money management ) or cut losses when you know you are wrong.
- Lock in profit when a trade goes your way more than a 1 to 1 risk to reward.. This can be a small lock in of around 5 to 6 pips if you are going for a desired target, but either way lock it in, it is better to risk profit than to let a winning trade go into loss.. would you not agree?
- Let your winners run as far as you can handle while locking in as you go.. To lock in, simply keep adjusting your stop loss into the profit zone.. If the market is moving quickly, adjust your stop loss quickly, if the market is moving slowly then adjust it slowly.
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Minggu, 20 Maret 2016
DAY TRADING FOREX WITH CCI INDICATOR ~ live forex trading advice
LONG TRADING SETUP
- 14-period CCI moves above 100
- At least one bar closes down (retracement)
- Enter one tick above bull trend bar
If CCI falls below -100 at any point, the trading setup is void.
SHORT TRADING SETUP
- 14-period CCI moves below -100
- At least one bar closes up (retracement)
- Enter one tick below bear trend bar
If CCI rises above 100 at any point, the trading setup is void.
WINNING TRADE – SHORT CCI DAY TRADE
This is a 30-minute chart of 6E futures contract.
- CCI fell below -100 line and set the stage for short trades.
- This bar closed up as the first sign of retracement. We went on high alert for a bear trend bar as a signal bar.
- This small bar could have been our trigger but price did not go below it to trigger our sell stop order. Instead, we went short at bearish inside bar (red arrow).
LOSING TRADE – LONG CCI DAY TRADE
This trade actually worked, if not for the outside bar that whipsawed us out of our position.
- CCI went above 100.
- Prices retraced down for two bars before giving us a bull trend bar for entry. However, right after we entered the long trade, an outside bar stopped us out by one tick. (As always, we placed our stop-loss a tick below the signal bar.)
- Long trading setups that allow us to enter below the high of the CCI break-out bar tend to work better. The reverse is true for short trades.
CONCLUSION – DAY TRADING WITH CCI
This simple trading strategy uses CCI to find momentum before we trade along with it. Waiting forretracement before entering the trade works well to avoid whipsaws.
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