Saturday, June 14, 2008
HOW I TRADE
How I Trade
Actually nothing is mystery with my trading.. I use ordinary tool eg MACD(12,26,9) as lagging indicator, MACD(5,13,1) as a leading indicator.. MA line as Support and Resistant line in H4.
First of all.. how to blend this ingredient to be effectively use and which timeframe you should use in order to get a good result.
As a reference… u should know what is currently happen in market situation.. you should considering what news will happen in near action to avoid mistake that will financially impact your margin.
As a Floor Trader
Tool suggest : Pivot level as your radar to guide which Take profit and Stop Loss u should put.
At D1 : here u can see current situation. Is the trend is at beginning, mid or end of trend.
How would you know the trend… u can use macd… but its too late.. macd is lagging indicator.. actually here u can use Fibo( use at last swing), and see the Trend Line…
Use the trendline as Support and Resistant, and also as to see Changing Trend.
At H4 : here u can use MA line and MACD (5,13,1). MA line is how you see the next target in next swing of the day. MACD you can use as OS or OB for the day trade. This also u should see Trend Line in D1 to see the current situation.
At smaller TF… u should look for Divergence from lagging MACd indiacator.. why? Divergence is probably the tool u should thrust with confident because it is simple yet powerful indicator. I suggest u use the divergence in TF H1 and TF15. please consider market emotion or bias..
How to detect Market Bias
U can use Candle Stick formation as a tool. Please use CS formation at the end and beginning of the trend only… don’t use it at the middle of trend as u will receive false signal.
Ok this is all my summary regarding How I Trade… Enjoy it
Actually nothing is mystery with my trading.. I use ordinary tool eg MACD(12,26,9) as lagging indicator, MACD(5,13,1) as a leading indicator.. MA line as Support and Resistant line in H4.
First of all.. how to blend this ingredient to be effectively use and which timeframe you should use in order to get a good result.
As a reference… u should know what is currently happen in market situation.. you should considering what news will happen in near action to avoid mistake that will financially impact your margin.
As a Floor Trader
Tool suggest : Pivot level as your radar to guide which Take profit and Stop Loss u should put.
At D1 : here u can see current situation. Is the trend is at beginning, mid or end of trend.
How would you know the trend… u can use macd… but its too late.. macd is lagging indicator.. actually here u can use Fibo( use at last swing), and see the Trend Line…
Use the trendline as Support and Resistant, and also as to see Changing Trend.
At H4 : here u can use MA line and MACD (5,13,1). MA line is how you see the next target in next swing of the day. MACD you can use as OS or OB for the day trade. This also u should see Trend Line in D1 to see the current situation.
At smaller TF… u should look for Divergence from lagging MACd indiacator.. why? Divergence is probably the tool u should thrust with confident because it is simple yet powerful indicator. I suggest u use the divergence in TF H1 and TF15. please consider market emotion or bias..
How to detect Market Bias
U can use Candle Stick formation as a tool. Please use CS formation at the end and beginning of the trend only… don’t use it at the middle of trend as u will receive false signal.
Ok this is all my summary regarding How I Trade… Enjoy it
Saturday, June 7, 2008
EU Trading analysis
This is what happen on NFP news day.. all the trade is follow what pivot says.. see the open post is above pivot... the price keep test the resistant 1, then sprite up to r2 and r3...
Subscribe to:
Comments (Atom)
