MACD RSI MT4 Indicator

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MACD_RSI.mq4

Stochastic with Noise Reduction (StochNR) MT4 Indicator

Stochastic with Noise Reduction

Description:

Standard Stochastic Oscillator with sensitivity feature.

It has the same parameters, as a standard Stochastic, but there is an additional "sensivity" parameter (Sens in the parameters window)

It allows to consider oscillations only below some predefined threshold, specified in points. This way we can reduce a lot of false signals.

The classical Lane Stohastic locates the current price between a maximum and a minimum prices for some number of bars, defined by %K (Kperiod) value, and it doen't distingush the difference between extremums, for example 1 point or 100 points. For these two cases the results will be the same, and we will get the overbought/oversold signals.

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StochNR.mq4

Residential construction in Canada rose to 158.5 thousand in November

Housing starts in Canada rose in November to 158.5 thousand units. In October index stood at 157.4 thousand
As seen from the published figures, the situation in construction in Canada continued to improve in November. Despite the slight decrease in the construction of apartment buildings, a significant increase in private housing resulted in an overall growth rate.
The November index value was a record for the current year.

Index of industrial production has changed Britain for October

Index of industrial production of Great Britain has not changed for October in monthly terms, said National Statistical Office. However analysts have predicted an increase in rate of 0,5%. Recall that in the previous month, industrial output rose by 1,3%.
On an annual basis the industrial production index for October fell by 8,4% in the previous value of -10.8% and prognosis of -7,6%.
The volume of manufacturing output also remained unchanged in October. It should be noted that in September the index rose by 1,5%, and in October predicted a growth of 0,5%.
On an annual basis, the volume of production in manufacturing declined in October to 7.8% in the previous value of -9.8% and forecast at -7.2%.

63 FX Fish MT4 Indicator

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63_FX_Fish.mq4

PipsMania V2.0 Forex Expert Advisor

PipsMania V2.0 is the most sophisticated multi-timeframe Expert Advisor "EA" to hit the Forex trading community! This Robot scans 8 seperate timeframes from 1 Month down to 1 Minute automatically and simultaneously. 99.9% no loss is obtained when no type of stop loss is employed. We are averaging approximately 550 pips per week.

PipsMania 2.0 Features

* Automatically searches for counter trends between the monthly and 5 minute timeframes.
* HAS self moving average variables fully modifiable.
* Self checking logic.
* Optional enter on a fresh signal when EA is first turned on (switchable).
* Money management available.
* Take profit with fixed pip amounts that you decide for each timeframe.
* Take profit can be set for each individual timeframe.
* All TP and SL are adjustable.
* Partial close option to take 1/2 profit automatically when TP is reached.
* Stop loss can be set at a fixed pip amount.
* Trailing stop loss feature is available.
* Trailing stop trigger and pip step amount fully adjustable.
* Trading hours only available to trade based on your times you choose.
* Ability to take 1/2 profit when TP target is triggered and let other half run up.
* The robot has the ability to place hedge trades automatically.
* New feature that places a seperate trade in the direction of the counter trend. This means additional trades and more profit.
* The EA can trade any pair you wish but major currency pair is recommended.
* Using MetaTrader 4
* Easy to use and setup

Website: http://pipsmaniav2.blogspot.com

Firebird MT4 Expert Advisor

Works best on the USDJPY only!!! on a M30 timeframe.

500 PIPS average a week on this one from other sites......forward tested....

Firebird calculates a 10 day SMA and then shifts it up and down based on a percentage to form a channel.
For the calculation of this SMA either close (more trades) or H+L (safer trades) is used.
When the price breaks a band a postion in the opposite of the current trend is taken. If the position goes against us we simply open an extra position to average (pipstep function).
To avoid enter a trade while a strong trend is in place a divergence function is used that is calculated as difference between a Faster SMA (by default set to 23) and a Slower SMA (by default set to 84).

Download All Versions of Firebird

Firebird63G.mq4

Firebird v63H02

FirebirdSafe

Firebird v63G Magic

Firebird v3.2

Firebird v065tf

Firebird v3.2 (5 digits)

Enterra Forex Star MT4 Expert Advisor

Professional MTS (Trade Robot) from an international software company! Starting with version 3.1. available for purchase by all comers. Start trading with a real system and proven effectiveness.

Proven profitability. Stable growth of the deposit. Is absolutely automatic. Full support is guaranteed by the manufacturer.

New Enterra Forex Star EA is able to take all of your Forex trading and fully automate the extraction of profit from your account even when you sleep. A revolutionary solution for you Enterry perform analysis, comparison, decision-making on purchases or sales, opening and closing transactions for the continuous increase your deposit.

Look at the Onix-trade statistics on the actual accounts managed Enterra Forex Star EA:
Use the login: 12361, password: strelec1, server: real.ristoncapital.com: 443 for access to the account actually running under the Enterra Forex Star EA!

Main advantages:

• Multicurrency - successfully trades on the EURGBP, EURCHF, GBPCHF, USDCAD, EURCAD, USDCHF, CADCHF. (Improved!)
• Fully automatic - until it sells, you relax!
• The size of the deposit does not matter.
• Flexible customization of the level of risk and the size of used capital.
• Factor profitability - 2,7 - 3,3.
• We provide the source code to the program (All guarantees!).
• Help the development team to set and change settings.
• Guaranteed manufacturer's technical support.
• Timely updates for licensed copies.
• Ability to adapt for your requirements and strategy (under custom development).
• And much more ...

Enterra Forex Star EA

Frank ud MT4 Expert Advisor

ONE OF THE MOST PROFITABLE, STABLE AND EASY automated trading systems for FOREX TO DATE!

Has a stable profit, the unique algorithm of the first transaction and the system output Losev transactions bezubytok by Martingale. The system is uniquely flexible and profitable - a stable profit from 500% in less than 1 year - checked. A little fear can only recoil at the price jumps of 2000 or more points "in the wrong direction, what happens during the economic collapse of any country, war, major terrorist attacks, etc. This happens once in 2 years. This can be seen on TV and in advance to suspend work on the adviser to a week or less.

Specifications:

* Algorithm MM: Martingale in the breakdown.
* Terminal: Metatrader 4
* Sovetuemye tools: any.
* Settings: SET files prilagayutsya for example.
* Period: from M5 up to D1
* Minimum depot: for every 10 000 is required lot 0,01 (secure option)
for every 1000 requires lot 0,01 (risky setting)
* Performance: From 500% per year. depends on the shoulder, the level and frequency of lots reinvestment.
* DC: Anyone with a micro 0.01 Lot, Mini 0.1 unit, or common account 1 lot.
* Opening hours: around the clock on weekdays.
* Internet: need a stable without a glitch.
* Reinvestment: Yes.

Principle:
Open positions up and down.
Waiting movement.
- Top up against the movement of Martingale (eg 0,01, 0,02, 0,03, etc..) Closes: Rollback. Take Profit.
- The movement: Minimum lot. (Eg 0,01) Closes: take profit.
Be sure to spend optimization. Counselor is very sensitive to the settings.
Attention is a martingale, it contradicts one of the rules of trade, not work against the trend! Budtte with caution!

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Frank ud.mq4

Is it worth it to trade futures in forex?

A few tips for beginners who are going to hit in trading futures and make this their first capital. You know that you have to do for this, and perhaps decide for themselves whether or not you do to address this. Do you generally deal with this

Every year thousands of people who have the courage to opt for trading in futures as the main method of strengthening their own financial situation. And if you're one of them, the reason for this, as a rule, is as follows:

- You've already nazhili a condition for the shares, mutual funds or bonds, and now want to try their luck with futures;

- You have something to work, selling stocks or bonds or investing in mutual funds, but you are tired and you want to do something else;

- Equities, bonds and mutual funds have brought you a little profit, or not brought at all, and you want to change the type of activity;

- Have you heard about someone who is not a very good understanding of commercial matters, but managed to get into condition for the pork, cotton or any other product, and finally someone decided to himself: "Maybe I try? .

Whatever the main reason most people come to the futures market for the money. And they are not mistaken. Few areas of investment can promise such a profit as futures. Unfortunately, many are so concerned about "the promised profit, forgetting that the risk of, forget about the complexities that can waylay them, and therefore the transaction fail.

The first question to be asked if you intend to enter into a futures transaction, it is not "how to conclude?" But "whether it conclude?". New to traders should not rush to answer, but better to consider the advantages and disadvantages of transactions of this kind.

Investment Objectives

The more you risk, to make a deal
In entering into commodity futures, a newcomer is faced with the risk twofold. The first, material risks, and secondly - the psychological risk.

Want to succeed? If yes, then you must decide at the outset than you would market futures - a casino or a serious business?

Material risk
1 Futures - this is purely speculative type of investment. Sign futures - is willing to gamble the entire capital. It may be that you nazhivete a fortune in futures, but the great and the likelihood that you will lose all that is invested. You can even lose more. If you invested $ 10,000 in the deal that brought $ 15,000 loss, brokerage firm then you would require $ 5000.

2 In general, you should not invest more than 10% of net capital in speculative investments. Futures should not be your first transaction. Ideally, an individual should save money for a rainy day, to make long-term investment in equities, bonds and mutual funds, and only obzavedyas own home, you can deal with speculative investments, such as futures.

3 If you are going to conclude their own futures, you must be at least $ 10000, that you're willing to risk. In other words, your way of life should not be greatly affected if you lose that money. If you have little money to the cause, you need to pay interest on the loan or pay for utilities, you risk splurging.

In summary, paragraphs 2 and 3, we can assert that in order to enter into futures, an individual must have a net capital of not less than $ 100000. If you decide on the futures, not with such a sum, it can deprive you of their livelihood. This explains the high percentage of failures at the beginning traders.

Psychological risk
1 Do not forget about leverage or leverage. The use of leverage when entering into futures transactions could be as enormous profits and huge losses. To purchase shares in the amount of $ 100,000, you must pay $ 100000. Even if you pay part of the sum through a loan, you must lay out $ 50000. In this case, financial leverage is 2 to 1. However, to sell futures at 30-year bonds worth $ 100,000, you may have only $ 3000, and in this case, leverage would be 33 to 1. Many traders attracted by the fact that it is not necessary to have a large amount to start trading in futures. However, the amount they have invested, or the rapidly rising or falling dramatically. If the value of portfolio shares to rise by only 3%, you get a profit of 100% or lose your $ 3000 as requested by the margin, depending on whether to increase or decrease you have played.

2 to assess whether you are willing to take risks. Remember that any trader will sooner or later fall into a situation when the market turns sharply against him and forced to bear heavy losses. However, the professionals, in contrast to the novice traders are not so upset because of the failure, and always have in stock the necessary tools to survive the difficult period. So it should not be va-bank.

Few newcomers can cope with emotional distress, lost in a short time the lion's share of their investment or profit earned by hard work. Very often, after a series of failures of the trader ceases its activities, and misses the opportunity to conclude a bargain, which would be compensated for all his previous losses. If you are inclined to lead themselves in the same way, the futures - not for you. How to teach an old adage, nothing to fear - nothing have.

Bank Deposit

Mechanism
Bank deposit belongs to the category of financial instruments with fixed income (fixed income), ie you know the exact amount of their income, regardless of how well your funds will be used. In fact, the bank acts as an intermediary between you as a creditor, and those who ultimately use your money.

Risk
However, if you are dealing with a bank deposit in the United States, in the event of financial insolvency of your bank of its obligation to assume the state, represented by the Federal Deposit Insurance Corporation (Federal Deposit Insurance Corporation). Size responsibility FDIC - to $ 100000.

Yield
The average yield on bank deposits was 6.35% per annum, with variability from 5.98% to 6.73%.

For and Against
High reliability, which is achieved professional management of your funds and insurance contributions at the federal level. Low profitability and the inability to use as collateral to obtain credit in the brokerage firm.

Government treasury bills

Mechanism
Your debtor becomes a state, such as the U.S. government. In walking the three major types of U.S. Treasury bonds:
T-Bill T-Note T-Bond
Term (years) to 1 1-10 10-30

Interest payments to holders of T-Notes and T-Bonds is produced twice a year. Upon termination of the holders are paid in accordance with the nominal value.

For short-term T-Bills, no interest is paid. Selling them is carried out at a discount, upon expiration of the holder shall be paid in accordance with the nominal value.

Risk
To lose money invested in Treasuries, is possible only in case of a default on the obligations of the United States of America. That's why Treasuries are often seen as a benchmark of reliability.

Yield
The average yield on Treasuries at 6% per annum.

For and Against
Extremely high reliability. Can be used as collateral for loans. Low compared to most financial instruments, yield.

Some features of the market
It is impossible to predict every turn in prices. In the market dominated by two feelings - fear and greed. In contrast to the rational motives, to hide that there is no need, greed is often masked by hope. And hope that a better trader than the belief that he will know in advance that it expects the market? But Judge for yourself - whether people can predict the future?

To enter into a profitable futures, you should not rely on predictions. Of course, it is possible that any person or organization may make a forecast, which will come true. However, no individual and no organization is unable to consistently and accurately predict all the ups and downs of market capital.

If you already have ceased to rely on the forecasts, you'll still have one more important task. You must be able to determine what the market trend today. Ultimately, this ability to bring you more value than a thousand projections.

Without failure there is no
Novice trader seriously accept the fact that one day it necessarily will fail. In fact, if you have time zafiksiruete losses, it will bring you a favor. Learning time to get rid of loss-making position, you can post vacated assets more profitable. The loss of money - it is bad, but if you reduce each loss to a minimum, it can be very profitable thereafter.

Many traders are starting their careers, seek to conclude as many lucrative deals, is not thinking about that in the pursuit of quick profits, they miss the opportunity to enter into a particular bargain. More experienced traders understand that the number of lucrative deals - it is often empty, nothing significant figures. Ultimately, it should be taken into account only the fact whether the total is offset by a total loss of profit. As long as you earn more than lose, no matter how many transactions were profitable: three out of ten, or seven out of ten. Index - to reduce losses to a minimum, a profit, on the contrary, increase.


Test
To check whether you are ready financially and psychologically to independently enter into futures, we offer you this simple test. To get it, you must do the following:

1. Go to the bank on the day when the street will be the most abhorrent weather.
2. Remove $ 10,000 in cash.
3. Exit the bank and money Throw up.
4. Once the money scattered in the maelstrom of wind and rain back home, sit on the sofa and say: "Damn, how I sglupil! Зря I did !..".
5. Just remember and continue to enjoy their lives. If you are able to, then you are truly ready to make a deal, and you have a chance of success. If not, you can still try (to tell the truth, the majority of traders are beginning to conclude transactions, unable to pass this test). Just do not forget that you are going to take risks and be willing to take responsibility for their actions.

Your key to success
You must have a plan. In every field of human activity there is a Michael Jordan - a professional who sets a high standard so that all others can only dream of such achievements. This also applies to futures. There are professional traders, who, relying on his wit and insight, always know that when a buy or sell, and get a huge profit. However, it is rather an exception to the rule. Very often, the novice trader comes to the market, it is not going to become Michael Jordan in the financial sector. Usually it is very costly.

If the novice trader is not used to plan their actions, it is possible with all the certainty that sooner or later he did not stand the psychological pressures and erred. No sane person will not open their own businesses without having a clear idea of what he wants to achieve and by what means. This also applies to futures. They should be regarded as a commitment rather than as an extra job or hobby, if you will, of course, not a fun thing to lose money.


Plan, you must take into account the following:

Yes. what market you choose;
b.. how do you determine whether to enter into a transaction;
into. how do you determine whether the transaction will bring profits;
d. How do you determine whether the transaction will bring losses;
e. What amount are you willing to risk;
f. What are the restrictions on the size of the margin.

Traders who are embarking on transactions, not answering these questions, relying on random, and their chances of success in ultimately small. More likely they will kochevat from one market to another, where it is not stopping, there remained a long time, to enter into unfavorable deals in the hope that in future the situation rectified, but in the bargain - simply get a small profit. The list is endless.

Your strategy should be clear, as a road map
When you sign a new deal, you should already know how you do, if the market situation is not in your favor, and how - if the circumstances are favorable to you. The carefully thought-out strategy - it is the only remedy against the emotional turmoil caused as a reaction to unforeseen events. In order to evaluate your plan of action, ask yourself, Do you often have to make subjective decisions, listening to the "inner voice". If every morning you wake up and take on global solutions from scratch, do not even dream of a successful career.

You must be disciplined enough to follow the strategy
If you have sufficient trading capital, and developed a detailed action plan, the only thing that can prevent you - this lack of discipline. A good strategy, and harsh discipline are mutually reinforcing. If you have a good strategy, you will be interested in making it clear to follow. On the other hand, if you're willing to follow its strategy, it should be a good strategy.


Corporate Promissory Notes.

Mechanism
Veksel is a win-win tool, because between you and the corporation has no intermediaries (banks), so you find yourself the sole recipient of any payment.
You are entitled to payment in the amount of face value (usually a multiple of $ 1000 or $ 5000) after the expiry date, and regularly (usually twice a year) in the amount established at the time of issuance of promissory notes (as a percentage of value).
Revenue for the corporate promissory notes are not dependent on how well the corporation, to sell you a bill, using the funds received.

Risk
To lose your money only in case of the corporate bankruptcy. In this case, the material claims are satisfied in the following order - Tax Services U.S., lenders (ie, you, as a holder of a bill), the shareholders.

Yield
Yield Corporate promissory notes at an average yield above Treasuries. As of November 18, 1998 bill IBM for a period up to 2019 and payments at a rate of 8.375% per year were sold for $ 121.75 to $ 100 (ie, a bill with a nominal value of $ 1000 could buy for $ 1217.5), which gives a yield of 5.99%

For and Against
Very high reliability at significantly higher compared to other debt instruments for the level of profitability. While you are denied the opportunity to participate in profits, the creditor that you are.

Promotions

Mechanism
You are leaving the position of the creditor, became co-owner of the corporations, which, in your opinion, is awaiting a commercial success. For corporations to attract equity capital is the most attractive way, as the funds received from the sale of shares does not require any return (the corporation shall not be liable for the redemption of shares from its shareholders), nor the payment of interest.

Risk
The risk when investing money in stocks is the inability to sell them at a price equal to or greater than pokupochnuyu value in the event of falling prices.

Yield
Can be measured by hundreds of per cent per annum. However, more realistic are conservative investments in blue chips, yielding an average of 18% per annum.

For and Against
The only situation in which to refrain from using this financial instrument - not to invest in shares of the funds for running costs and short-term (1-2 years) savings for emergency needs.


Rule 1: Consider the market trends.
The basic principle - that the purchase is performed in periods when the market is stable and prices are high enough. For some traders in the market trend takes a few minutes, for others - many months. It is important to determine what units of time will you measure the length of the trends - days, weeks or months. Maybe you prefer to review their position every day, maybe you'd prefer to pay attention only to the long-term trends. Thus:

1. define the unit of time, you are going to measure the periods of the market;
2. establish objective criteria by which you will determine the trend;
3. aware of market trends at the conclusion of transactions.

Rule 2: During the fixes damages.
During the fix damages - this is the most important rule of the trader. As already mentioned, it is impossible to consistently predict the future. You will have to accept that any trends in the market you will notice too late, and on another occasion, on the contrary, hurry event. It is therefore essential to reduce losses to a minimum and avoid the serious impacts that endanger your capital, career, and sometimes future.

Success in futures transactions, as in any other business

Expect the best, get ready for the worst
The only thing we can guarantee you is that when you start to conclude futures transactions, you are bound to be casualties. If this is upsetting to you, wait a bit and you will see the justice of these words. "Expect the best, get ready for the worst," - this may be the best advice that can give a beginner trader. And those newcomers who follow this advice, have all chances to make a good career.

If you enter into futures transactions, you will certainly happen that some of the following:
- You pay the maximum price of the day;
- You pay only the price of the day;
- The market will change in your favor, as soon as you leave home;
- You will be more disadvantageous transactions than you expected.

When situations of this kind, it becomes especially noticeable distinction between professional and amateur traders. Amateur will be angry, yell, blame the brokers, retroactively revise its plan, which he so carefully thought out, and wondered why is it Z "was not lucky." A professional, easy pozhmet shoulders, make an order for tomorrow and zasnet calm sleep to come back tomorrow to exchange.

Success in futures transactions, as in any other business, depends on:
- How clearly the objective (you enter into a transaction for money or for pleasure?);
- How well thought-out plan (see above);
- Do you have the resilience, on the one hand, and money, on the other, to withstand failures, which sooner or later, everyone faces.

Luck
Maybe you can expect that the conclusion of this article, we wish success to novice traders. We can not do so because we would have them disservice. The author of the book "Magicians market" ( "Market Wizards") Jack SCHWAGER asked Richard Dennis, which was very successful futures: "What is the role of luck in your case?". Dennis says: "In the end, luck plays no role. Absolutely no. I do not think that at least some of my colleagues have amassed state due to the fact that well-started his career."

So do not expect luck. Start the conclusion of futures transactions, carefully prepared, and do not forget the responsibility for their actions. Only then you will succeed.

$$$ Free $5 in Forex Account & Free $10,000 For Test $$$

FOREX (FOReign EXchange market)

is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.

As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market.

According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.

GO!!!! BIG MONEY

THE FOREIGN CURRENCY MARKETS

What are foreign currency exchange rates?

Foreign currency exchange rates are what it costs to exchange one
country’s currency for another country’s currency. For example, if
you go to England on vacation, you will have to pay for your hotel,
meals, admissions fees, souvenirs and other expenses in British
pounds. Since your money is all in US dollars, you will have to use
(sell) some of your dollars to buy British pounds.

Assume you go to your bank before you leave and buy $1,000
worth of British pounds. If you get 565.83 British pounds
(£565.83) for your $1,000, each dollar is worth .56583 British
pounds. This is the exchange rate for converting dollars to pounds.
If £565.83 isn’t enough cash for your trip, you will have to
exchange more US dollars for pounds while in England. Assume
you buy another $1,000 worth of British pounds from a bank in
England and get only £557.02 for your $1,000. The exchange rate
for converting dollars to pounds has dropped from .56583 to
.55702. This means that US dollars are worth less compared to the
British pound than they were before you left on vacation.

Assume that you have £100 left when you return home. You go to
your bank and use the pounds to buy US dollars. If the bank gives
you $179.31, each British pound is worth 1.7931 dollars. This is
the exchange rate for converting pounds to dollars.

Theoretically, you can convert the exchange rate for buying a currency
to the exchange rate for selling a currency, and vice versa, by
dividing 1 by the known rate. For example, if the exchange rate for
buying British pounds with US dollars is .56011, the exchange rate
for buying US dollars with British pounds is 1.78536 (1 ÷ .56011
= 1.78536). Similarly, if the exchange rate for buying US dollars
with British pounds is 1.78536, the exchange rate for buying
British pounds with US dollars is .56011 (1÷ 1.78536 = .56011).

This is how newspapers often report currency exchange rates.
As a practical matter, however, you will not be able to buy and sell
the currency at the same price, and you will not receive the price
quoted in the newspaper. This is because banks and other market
participants make money by selling the currency to customers for
more than they paid to buy it and by buying the currency from
customers for less than they will receive when they sell it. The
difference is called a spread and is discussed later in this booklet.

How do I close out a trade?

Retail forex transactions are normally closed out by entering into
an equal but opposite transaction with the dealer. For example, if
you bought Euros with U.S. dollars, you would close out the trade
by selling Euros for U.S. dollars. This is also called an offsetting or
liquidating transaction.

Most retail forex transactions have a settlement date when the
currencies are due to be delivered. If you want to keep your position
open beyond the settlement date, you must roll the position
over to the next settlement date. Some dealers roll open positions
over automatically, while other dealers may require you to request
the rollover. Most dealers charge a rollover fee based upon the
interest rate differential between the two currencies in the pair.
You should check your agreement with the dealer to see what, if
anything, you must do to roll a position over and what fees you
will pay for the rollover.

Can I trade options on foreign currency transactions?

A number of firms are presently offering options on off-exchange
foreign currency contracts. Buying and selling forex options present
additional risks, many of which are similar to those inherent
in buying options on futures contracts. Therefore, you should
consult NFA’s brochure, Buying Options on Futures Contracts:

A Guide to Uses and Risks, which discusses the mechanics and
risks of options trading.

There are two significant differences between buying off-exchange
forex options and buying options on futures contracts. First, when
you exercise an option on an exchange-traded futures contract, you
receive the underlying exchange-traded futures contract. When
you exercise an off-exchange forex option, you will probably receive
either a cash payment or a position in the underlying currency.

Second, NFA’s options brochure only discusses American-style
options, which can be exercised at any time before they expire.

Many forex options are European-style options, which can be exercised
only on or near the expiration date. You should understand
which type of option you are purchasing.

Some of the common terms used in trading off-exchange foreign
currency options are included in the glossary at the end of
this booklet.

Look what I found while trading in Forex

I totally forgot about this account that I set up in August for the Surefire Trading Challenge. I opened it with $1000 and it has been running pretty much unattended since August. Just this morning as I was doing some maintenance on my VPS, I noticed that this account was still running and is up over 200% since I opened it.

Anyway, I couldn't pass up the opportunity to put it on MyFXbook.com since it goes back 4 months and looks so good. Now for some disclaimers...

• I opened that account with $1000 and used risk levels much higher than what I recommend for Forex Set and Forget (FSaF). The reason is because this account was used for a contest, which means using very aggressive settings for trading.
  
• Once I lost the contest (can you believe it? I doubled the account and still lost the contest), I put FSaF on a safer pair and used the included Preset File for that pair. Even so it was still running with only about $2000, which is $1000 LESS than the recommended minimum deposit.
• Almost as soon as I changed the settings, I completely forgot about the account and never looked at it again until I accidentally noticed it this morning.

Anyway, check it out. This is kinda like finding a bunch of coins under your sofa cushions! :-)

New forward test added to MyFXbook.com

I started a new forward test on MyFXbook.com. I took the 7 pairs that ended the month in profit from the test I started a month ago and put them on a new account. I also made sure that I had allocated $3000 for each pair (for a total of $21000) so that FSaF will run at the minimum risk level, which I failed to do in the previous test.

--> 7 Pairs on FXDD

My experiment of Forex Set and Forget running on 15 pairs ended the first month in a 9% loss on the account. I didn't expect much as far as gains but I did learn alot about the robot during that time. Version 1.10 will have improved exit logic that protects gains and minimizes losses. It should be available around Christmas. Even so, version 1.09 works very well on certain pairs and can be used for a nice cashflow.

New Video: Finding the Trend in Forex....Made Easy

Here is the fastest and easiest way to tell the trend in the foreign exchange markets.

In today’s video we are going to share with you a wonderful way to look at the forex markets and determine which way they are headed in a matter of seconds. We’ll be looking at three different cross rates and how they all correlate together in a way that I think may surprise you.

The forex markets are the biggest markets in the world and MarketClub not only covers all of them, but also covers them in real time with pricing and charts. I hope you learn from this video and take the time to post your comments on our blog.

Just click here to watch the video and as always there is no charge and no registration to watch this educational trading video.

Good trading,
Ray C. Parrish
President/CEO Forex Market Club

'Flexible Forex' Trading IN ACTION

Did you watch Part 1 of the brand new video Forex training we posted last week that reveals 35+ year trading veteran Bill Poulos's recent Forex discovery?

(And his astoundingly frank & HONEST "Trader's MIND Map"?)

It's already shaking things up and breaking old paradigms in the Forex trading community. See what one trader had to say:

"I have been trading the Forex markets for 3 years, and I can honestly say this is probably one of the most interesting videos I have seen. Bill, you have a gift of being able to explain a method that every one can understand, look forward to your next video..."

And that's just 1 of dozens of similar comments posted just yesterday afternoon...

-but wait until you see the next video...

* PART 2 is ready now! It's called...

* "Flexible Forex" Day Trading F.R.E.E.D.O.M. In Action

To watch the new video just Click Here....

In the first video, you saw you a high level overview of how all the turmoil in the world right now is creating possible the best profit potential we've ever seen in the Forex markets.....and then you saw you the flexible method Bill discovered that
lets you trade as little or as much as you want... WHENEVER you want.

In Part 2, he "zooms in" and shows you, step-by-step, how he quickly and easily spot trade setups...

* In all 6 major Forex pairs

* In any timeframe

Part of his discovery is the completely uncommon way he uses candlesticks... I'm not aware of anyone using them this way, and that's one of the reasons it's so powerful.

(And no, he's NOT using "candlestick patterns".)

You'll also learn:

* Why you want to place your stop orders where you DON'T expect the market to go...

* How to get into a "F.R.E.E. trade" situation ASAP with all your Forex trades...

* The kind of market you MUST avoid at all costs...

* His "super simple" risk management rules based on one of EINSTEIN's principles that even an 8th grader could understand...

* A "hands on" overview of one of the BEST charting & trading software solutions that makes Forex trading easier than ever...

* ...and a TON more.

Go here to see this video now and make sure you take notes on these videos, because he will likely be pulling them offline next week.

Good Trading,
Ray Parrish
President/CEO Forex Market Club

P.S. If you missed it just click here to watch Part 1.

Trade Forex During Breakfast?

Read every word of this post because it has BIG NEWS for you if you trade Forex or have always wanted to.......

*** BIG NEWS ITEM #1 ***

I just got my hands on Part 3 of Bill Poulos's new Forex training video series.

This one is cool, and very unique... it shows a "live" recording of Bill trading during breakfast using his new "Flexible Forex" method.

Just click here to watch the video and you'll see a live, 5-minute chart of the EUR/USD Forex pair...HEADS UP - if you listen closely, you might even hear Bill eating his breakfast :-)

When you watch the video, put yourself in his shoes and imagine what it would be like. Then ask yourself if you can see yourself trading this way.

I think you'll agree that it's pretty exciting, especially if you're inexperienced & have little time.

*** BIG NEWS ITEM #2 ***

Ever since Bill released Part 1 of his new Forex video training, his office continues to get bombarded with emails asking things like:

* Is there a way to get more details on this method?

* Are you going to release more training?

* How can I get started?

HERE'S THE DEAL... Bill is going to reveal all the details of this method in his flagship home study training course he calls:

"The Forex Income Engine 2.0"

He originally planned on releasing this in January as a way to kick off the new year, but because of so many requests, he decided to move it up and plans on releasing the entire course NEXT TUESDAY, DECEMBER 8th, at 10am Eastern time.

*** BIG NEWS ITEM #3 *** <-- (you'll LOVE this!)

I'll send you more info on Bill's course as soon as I have it...but in the meantime, he's celebrating with something I think you'll LOVE...

* Bill's going to give away the very first copy of the Forex Income Engine 2.0 to one lucky trader next week.

For all the details on how to join the giveaway, just click here for Video 3 and follow the link after you watch the video.

It's not every day we get to sink our teeth into this much complimentary, juicy Forex content as well as participate in a big giveaway "on the house"... so I hope you are enjoying it as much as I am.....More soon...

Good Trading,
Ray C. Parrish
President/CEO The Forex Market Club

Forex and Currency Market Commentary For Tuesday Evening

The U.S. Dollar closed higher on Tuesday as it extended last Friday's rally but remains above the 20 day moving average. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term. If March extends its current rally, November's high crossing at 77.27 is the next upside target. Closes below the 10 day moving average crossing at 75.43 would temper the near term friendly outlook in the Dollar. First resistance is today's high crossing at 76.61. Second resistance is November's high crossing at 77.27. First support is the 20 day moving average crossing at 75.55. Second support is the 10 day moving average crossing at 75.43.

Learn to Trade Forex in Just 90 Seconds!

The March Euro closed sharply lower on Tuesday as it extends last week's breakout below the 20 day moving average crossing at 149.346. The low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If March extends this week's decline, November's low crossing at 146.250 is the next downside target. Closes above the 10 day moving average crossing at 149.557 would confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at 149.346. Second resistance is the 10 day moving average crossing at 149.557. First support is today's low crossing at 146.750. Second support is November's low crossing at 146.250.

The March British Pound closed sharply lower on Tuesday as it extends last week's decline. The low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If March extends this week's decline, October's low crossing at 1.5718 is the next downside target. Closes above the reaction high crossing at 1.6731 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at 1.6509. Second resistance is the 20 day moving average crossing at 1.6580. First support is today's low crossing at 1.6245. Second support is October's low crossing at 1.5718.

The March Swiss Franc closed lower on Tuesday as it extended last Friday's decline. The low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If March extends this decline, November's low crossing at .9690 is the next downside target. Closes above the 10 day moving average crossing at .9925 would confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at .9904. Second resistance is the 10 day moving average crossing at .9925. First support is today's low crossing at .9729. Second support is November's low crossing at .9690.

The March Canadian Dollar closed lower due to profit taking on Tuesday and the low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. Closes above the reaction high crossing at 96.08 or below 92.80 are needed to confirm a breakout of November's trading range and point the direction of the next trending move. First resistance is last Tuesday's high crossing at 96.08. Second resistance is October's high crossing at 97.92. First support is the reaction low crossing at 93.00. Second support is the reaction low crossing at 92.80.

The March Japanese Yen closed higher due to short covering on Tuesday as it consolidated some of last Friday's decline but remains below the 10 day moving average crossing at .11374. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signaling that additional weakness is possible. If March extends last week's decline, October's low crossing at .10847 is the next downside target. Closes above the 10 day moving average crossing at .11374 are needed to confirm that a short term low has been posted. First resistance is today's high crossing at .11348. Second resistance is the 10 day moving average crossing at .11374. First support is last Friday's low crossing at .11024. Second support is October's low crossing at .10847.

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Analysts recommend buying Russian Ruble

According to currency analysts Barclays Capital, the recent weakening of Russia's ruble due to profit-taking, fears of growing budget deficits by the end of the year and the influx of Russia's currency in the money market, although the influence of the third factor is not so much. As noted in the Bank, the ruble fell to the levels when the authorities stepped up the rhetoric with regard to strengthening the national currency, and now the probability of intervention is rather small. Analysts believe the bank best buy currency at these levels, although those who fear the volatility associated with the end of the year, recommend the use of option strategies. At UniCredit also pay attention to the weakening of Russia's currency, which now shows the worst monthly performance among emerging-market currencies. Given the stability of oil prices, a situation Russia's ruble looks strange. However, like their colleagues, bank analysts point out negative for Russia's currency factors, including increased budgetary expenditures at the end of the year, central bank intervention and the overall strengthening of the U.S. dollar. Nevertheless, the UniCredit strategists are also considering the current weakening of the ruble as a good opportunity to buy and declare their intention to increase short positions on the pair dollar / ruble at the beginning of next year. At the moment pair dollar / ruble is at 30.56.

Real volume of retail sales in Switzerland rose sharply in October

The index of retail sales in Switzerland rose to 3,1% in annual terms in October. The value index surpassed expectations of analysts, forecast an increase to 1,2%. The previous month, the annual index of retail sales of Switzerland was -2.1% (revised from -1.6%).
Recall that the index reflects the actual volume of sales at the retail level and characterizes the level of consumer spending and demand. Growth in retail sales is a positive factor for the development of national economy and leads to the growth rate of national currency.

Sentix indicator of investor confidence reached a 18-month high

Sentix investor confidence indicator for the euro zone was a negative 5.5 points in December of this year, compared with minus 7.0 points in November. It should be noted that the maximum value of the index over the past 18 months. Nevertheless, the index was below the projected level of -4.1 points.
Index assessment of current conditions rose for the reporting period from minus 24.2 points to minus 19.5 points. Sentix expectations indicator fell from 12.0 points to 9.5 points

Halifax: House prices in Britain are growing the fifth consecutive month

Prices for homes in the UK increased by 1,4% in November in monthly terms, said a British company, Halifax. Analysts predicted that the index for the period add 0.8%. It should be noted that the rate increases the fifth consecutive month. Recall that in October the British real estate prices rose by 1,1%.
In annual terms the price of British real estate declined by 1,6% in the previous value of -4.7% and -1.5% forecast.
The average price for housing amounted to 167 664 pounds in November compared with 154 490 pounds in October.

The Last Great Dollar Crisis

The more financially overvalued U.S. - the more they are influenced by minor financial events.

President Barack Obama being in China last month announced the need to address the deficits in order to avoid a "second wave of recession." The statement sparked speculation that the chief creditor U.S. president reminded about the importance of bringing financial affairs in order.

While most analysts all of last year claimed that China was in "dollar trap, place and time of Obama's statement indicates that China has made some key findings from the last great crisis of the dollar. Most importantly, they seem to understand that the "dollar diplomacy" is a useful tool of influence on U.S. policy for the protection of China's $ 2 trillion. reserves.

To better understand this situation, it is worth recalling the problem of confronting the major creditors of the United States in the late 1970's. In 1978, concerns about the dollar reached the top of the international economic agenda. Were especially concerned about U.S. trading partners such as West Germany and the Organization of Petroleum Exporting Countries (OPEC), as USD weakness has undermined their competitiveness and jeopardize the value of their dollar reserves. OPEC particularly acute faced with this problem, because the dollar served as the currency of payment for oil, which means that oil-exporting countries had no alternative other than the accumulation of dollars. In June 1978, for example, reserves of Saudi Arabia's foreign assets were estimated at $ 65 billion, 80%, allegedly consisted of dollars.

While China's reserves in dollar terms by several orders of magnitude greater than those that were in Saudi Arabia in late 1970, Saudi Arabia is still in the notorious "dollarrovoy trap": any attempt to transfer reserves from dollars to another currency would accelerate the decline the dollar and weaken the value of remaining reserves.

OPEC countries have taken an active stance against the accumulation of decline in value of dollars, diplomatically, by putting pressure on the United States, which eventually triggered a more stringent policy to control inflation. First, OPEC publicly discussed pricing oil in a non-dollar currencies, such as the special drawing rights (SDRs) of IMF. The cartel said it's necessary to investigate the use of alternative currencies in payment for oil, in turn, the Committee proposed the use of the OPEC basket of currencies for valuation. One member of the cartel - Kuwait declares that prefer sterling dollar.

And the second: some OPEC members raised the issue of rising oil prices to compensate for the decline of the dollar through unrestrained inflation. This proposal has caused concern among American politicians in connection with the recent oil embargo.

And yet, at least one oil exporter, has decided to transfer emergency funds into other currencies. In 1978, Saudi Arabia has invested some of the surplus funds in Swiss francs and German marks, instead of keeping them in dollars. Appears to have been involved relatively small amounts, but it attracted the attention of officials in Washington.

This occurred in conjunction with constant pressure and zakulisnyi intrigues of officials of Saudi Arabia in connection with the need for the United States to suppress inflation. One memorable episode came when Finance Minister Michael Blumenthal and his aides were so concerned about the impact on creditors OPEC that they broke leave the Saudi finance minister at Disneyland, to discuss the administration's plans to stabilize the dollar.

Undoubtedly, the influence of "dollar diplomacy" to change OPEC's inflationary policies of the Carter Administration was very much so, that he has taken steps to protect the dollar in August 1978 and appointed a supporter of "expensive" of the dollar, Paul Volcker to the chairmanship of the Fed in 1979.

Regulation of nations within the "dollar-trap" is not as hopeless as it might seem at first glance. China appears to be reverting to the experience of OPEC, calling for approval of a new world reserve currency, and to discuss possible avenues for trade with Brazil and Russia without the use of the dollar.

While the U.S. remains the largest creditor of China, thus providing a huge impact on the economic policy of the United States, China, in turn, is in great zavismosti from other U.S. creditors. Nine countries (or groups of countries, such as oil-exporting countries) belongs to the $ 100 billion or more in U.S. Treasury securities. One can imagine a scenario in which one or two of the creditors lose confidence in the dollar and sell a significant portion of their dollar assets. Such a move could spark a panic, because the lenders try to sell Treasury bonds to fall in the dollar.

Circumstances that may lead to such a scenario does not necessarily have an impact on the fundamentals of the U.S. economy. Some small auctions to sell treasury bills, higher-than-expected consumer price index or an inter-sessional review of the budget indicating a larger-than-expected deficit, which may affect creditors' expectations about inflation prospects.

Proponents point of view "dollar trap" claim that a reasonable lender would not undermine the value of its assets, starting to get rid of dollars. However, if the lender is convinced that the U.S. will have no serious intentions to curb inflation and the expectation of the dollar's decline continues, it is quite reasonable step lender will sell dollar assets at the best possible price.

The idea is that the stability of US-China economic relationship is highly dependent on the expectations of other major creditors of the United States: it is not only the relations between the two superpowers. In addition, the greater the financial dependence of the U.S., the less the stability of the country before the minor at first glance, financial events.

While China may take a "dollar diplomacy" to find a way out of difficult situations, the U.S. has only a few viable alternatives for reducing the deficit and, ultimately, the accumulation of money. While the U.S. government can not summon the will to rein in money supply and meet the public debt itself, it is additionally faced with a rival power, which suppresses the development of American economic policies that led to the collapse of faith in the dollar. Both scenarios are a good opportunity for Congress and the administration to think seriously about the fate of the dollar.

Harris recently finished work on a diploma in Oxford. Previously, he served as Director for Policy U.S. Secretary of Commerce under the administration of George W. Bush.



The Wall Street Journal
December 1

Thanks for the November Jobs Report

Why employment still lags
Report on the number of jobs issued after the summit to work in the White House, shows that Christmas for many workers arrived early. Employers cut only 11,000 jobs, and during that time, unemployment fell from 10,2% to 10,0%. Although this is data for one month, yet it gives reason to believe optimistically that the labor market will develop even earlier than anticipated.

At the same time, this reversal can proceed much more slowly than in previous recovery. Loss of jobs in this recession was the result of a sharp drop in private employment. Reduced investment in the private sector, rather than layoffs have led to high unemployment. Nevertheless, the Obama administration has made little to address this issue, focusing instead on public expenditures, rather than on encouraging entrepreneurship. A good example of the relations of the White House to the problem of employment has become yesterday's meeting, at which there were no interest groups of employers, such as: Chamber of Commerce, National Federation of Independent Business.

The November employment report
The November report in which indicators of job losses were less than expected, was a very pleasant surprise, to which many would react with gratitude. The number of jobs lost over the past two months was significantly revised downwards, which indicates that the labor market appears again ground under their feet. It is likely that it will reach its lowest point before the resumption of moderate growth.

However, in the report are not such good news. The unemployment rate fell from 10,2% to 10% partly due to the fact that 98,000 workers were out of keeping. 62,000 adolescents, approximately 70,000 men from 20 years and more is also not taken into account, however, 35,000 women the same age, entered the lists. These figures reflect the difficulties faced by people during their job search. Because teenagers are much more likely to be unemployed, it has helped reduce unemployment.

Lost their jobs this month were a staple in the list: the builders (-27.000) and industrial workers (-41.000). In the service sector was a small increase (58,000), except retail trade (-15.000), as employees were unable to fulfill the plan holiday sales.

Growth in professional services and business services amounted to 86,000, in education and health 40,000. Demand for temporary service in November amounted to 52.400. Historically, increased demand for temporary service is a harbinger of a reversal of the labor market.

Negative data in this report touched 293,000 unemployed for more than 6 months. Average duration of unemployment also increased from 26.9 weeks to 28.5. Unemployment continues to face difficulties in finding and applying for jobs.

Fewer jobs created, followed by a net loss of labor market
Despite the fact that the news relatively well, the nature of the loss of jobs during this recession suggests that the labor market will recover slowly. Press coverage of general unemployment creates the impression that the increased number of layoffs. This is partly true: the number of layoffs increased over the past year and a half, and it is a very painful process for workers. But the main reason that the decreased number of jobs. As a result, laid-off remain unemployed longer, which raises the level of unemployment.

Bureau of Labor Statistics uses the records of social insurance statistics for measuring the growth and decline of jobs in companies for all time of existence.

Since then, as the recession began, the quarterly loss of jobs has increased by 15% (1,1 million jobs), while, as job creation fell by 25% (1,9 million jobs). The number of laid-off workers of bankrupt companies has increased by 7% (91,000 persons), and the number of workers recruited to the newly established firms declined by 22% (313,000 jobs). As in the famous phrase "the dog that did not bark", unemployment grew mainly due to the fact that not create jobs in the private sector. Research over the past economic downturns suggest that the slow creation of jobs will cause the largest part of the job losses over the entire crisis.

Why the creation of jobs in the private sector snizislos so sharply? Organizations are doing everything possible in order to survive during a recession, including, fire workers and cherish liquidity. The agenda of the politicians in Washington respect the laws on health, air emissions and increase taxes to offset the cost that is not granting organizations confidence in the future. Entrepreneurs refuse to invest because they think that federal legislation may make their projects viable.

Less investment - fewer jobs
Annual private investment fell by $ 316 billion since the start of a recession (20%). This decline has continued even when launched incentives at the level of legislation, which means that the reduction of private investment leads to a reduction in job creation. No Investment Areas in the business will remain low and employers will refrain from opening new businesses, job creation will be on the same low level, and unemployment will remain high.

The data clearly talking about it. Figure 3 shows the annual decline in employment growth and investment in the business. They are very closely linked: the creation of jobs declined, when investment slowed.

Entrepreneurship: ignored response
Obama's initiative related to employment - a package of incentives, but one of the bill is not enough to encourage job creation and private investment. In the context of incentives, new government spending does not imply the promotion of entrepreneurs who start or expand business, if this is not the governments concerned. Hence, this program ignores the root cause of rising unemployment: the lack of private investment. Rather than encourage the creation of jobs in the private sector, the bills increase public spending on long-standing liberal priorities.

The approach of the Obama administration to yesterday's meeting, which was not invited to the Chamber of Commerce and National Federation of Independent Businesses, which represents the interests of employers - a principle which demonstrates a shortsighted approach to the problem.

While entrepreneurs do not want to invest, create jobs and restore the whole system will be very slow. Even if the labor market pushed away from the bottom, the Americans may face a very long recovery. Given that employers must create 125,000 jobs each month to support the growth of employment and avoid rising unemployment, this process is delayed.

Creating new jobs
What creates jobs? Entrepreneurs who have new ideas and successfully turn the plan into action. While entrepreneurial activity remains low, unemployment is high. Nevertheless, the Administration put forward by Obama's political decision to ignore this fact. Federal spending on incentives is not enough to encourage entrepreneurs to venture or business expansion.

Data report today give us hope that the labor market will soon begin to rise, but unemployment remains unacceptably high and people are hard to find a new job. Any recovery will be weak and ineffective, while entrepreneurs remain aloof.



The Wall Street Journal
Decembe

Triple Method in Forex Trade

If your trade is based only on the study of indicators, you may find that adding additional methods could yield you a profit. Most aspects of the analysis is based on price and, in fact, very few consider the time at all, as any other than smoothing or averager. Methods Hanna, Elliott and Fibonacci - all offer the integration of time and price, and therefore may have some value for your trade.

W. D. Gann, RN Elliott, and L. Fibonacci, all have developed methods that may be useful for designing future areas that may be significant both for the price, and for the time. Some of the following statements can be for someone seem controversial, as many of the methods have not been validated in terms of theoretical academic standards. Counter-argument would be that a specific reason that the principles could be of some value, is that they can provide the trader profits. DP Morgan was a very successful trader, perhaps one of the greatest of all time. From his records we can conclude that he agrees with the methods Hanna, Elliott and Fibonacci. He said, "Anyone can become a millionaire, but if you want to become a millionaire, then you need astronomer. I think he meant the ratio of price and time that have been associated as a "spatial correlation".

Fibonacci found that a number of numbers, which increased 1,618 times, is very important. He found that this series has been almost universal in nature, from the structure or composition of plants and animals. A number consists of 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, etc. What is interesting - is that the ratio can be achieved many different ways and still come to the same outcome. The following will show that the time and price are directly linked. But first, a small mathematical puzzle.

Record on the sheet of paper, any two numbers. Start the Fibonacci sequence by adding the first number by the second number to create a third. Continue to add pairs of numbers to get the next number in sequence. For example: 72, 81, 153, 234, 387, 621, 1008, 1629, 2637, 4266, etc. (note that this is not the usual Fibonacci numbers). Large numbers in a row, regardless of what numbers are used as a starting point, lead to a ratio of 1.618 (ie 2637 * 1.618 = 4266).

Fibonacci found that this ratio - 1.618 is of great importance, and use it everywhere in his works. Please note the following:

0,382 * 1,618 = 0,618
0,618 * 1,618 = 1,000
1,000 * 1,618 = 1,618
1,618 * 1,618 = 2,618

With regard to the first schedule, please note the use of the ratio of 1.618 as follows:

On the left side of the existing scale reconstruction, depicting the range of the Fibonacci from 173,374 to 177,242. Using the principles of Fibonacci expansion, the subsequent maximum 179,633 would be an area which can be regarded as essential for the observation. Pay attention to the Fibonacci circles, using the same ratio. These instruments are functioning and back and forth in time and price. Gann and Fibonacci ratios are a few that are more significant than the other 90, 180, 270, and 360 degrees of rotation can be noted as a point of interest on the price and on time. If the tool shows at least two of these points of interaction, it has the potential to be significant in the third or fourth place. Please note that each time the price came in contact with the circle was a change in the direction of market movement. These interactions may hold the price in advance or rewind through many of the subsequent quarters.

On this chart the same building used by the previous minimum, and again shows multiple points of interaction as a significant advance, and back in time and price. Circles can be placed on the schedule in advance in anticipation of significant areas, using the Fibonacci tool circles.

A number of the Fibonacci numbers to be used in the circles and the restoration of Fibonacci. RN Elliot used the same sequence as the cornerstone in the development of Elliott waves. Elliott found that several models have been very ordinary, which show these relationships. It is necessary to bear in mind one very important thing - is that there are many continuous interactions at various levels. The same or opposite structure can exist at 1-minute, 15-minute, 45-minute, day, week, or monthly schedule. The interaction of various structures of the schedule may be important because it can reaffirm the point or area that may be essential for further movement.

This graph shows the Fibonacci series using the ratio of 1.618. Please note, as a tool to identify important areas for further movement. The first line in the bar 8 is located close to the first peak. Line 13 indicates the end of accumulation and the beginning of the next wave up to the line 21 and another peak. Please note, as some continue to be effective in indication of the future of important areas in bars 34, 55 and 89.

This figure represents the daily schedule of $ Compq. Shown in the chart the Fibonacci levels are built from each visually significant peak or minimum. Shows two reconstruction, one measures the distance of the maximum 24.01.01g. to minimize 04.04.01g. Another measures the distance from minimum 04.04.01g. to the most recent peak 22.05.01g. Whenever there is a restoration of a minimum price movement in 38.2%, the point from which recovery must mention the effective range for the Fibonacci point. Look at this graph that the minimum 04.04.01g. is the starting point of the circle, which uses a maximum 22.05.01g. as the range of 1.000. Other terms may be constructed from the maximum 24.01.01g. Which uses a minimum 22.04.01g. as a range of 1.000.

This graph shows the Hanna Square, beginning at the previous minimum, which shows many points of interaction with a fan-line as the price movement. Squares generally best to build a visually significant maxima or minima. Although many shapes and sizes of the square can be used and be useful, some have demonstrated more consistent results. These parameters include the height to width (increasing to intervals) 1x1, 1x5, 5x1, 10x1 and 1x10. (For more information, see "Geometry Hanna" in the number 21)

Another method of construction is to use a square of nine Hanna, to compute the natural sizes. (For more information, see "Numerology Hanna" at number 28)

I believe that each of the 8 allegations can be tested and proved if there is sufficient desire, time and resources. Obviously, this is a rather bold claim, but inspection of individual parts of the approval of the academic theorists ceased significant results.

1. Time predicts time. Time can be used to offer future significant area, by calculating the different time series. Some of the possible use include: a maximum to a minimum, at least to the maximum, maximum and minimum to maximum to a minimum. Tools that are available for this task include the cycle, square and fan-Line Hanna; cycle, circles and arcs Fibonacci.

2. Price predicts price. Price can be used to offer future significant area, by calculating various price series. Some of the possible use include: maximum to maximum, minimum, to a minimum, maximum and minimum to maximum to a minimum. Tools that are available for this task include the square and the fan through Hanna, the restoration of the Fibonacci and Elliott Wave.

3. Time predicts price. Time can be used to propose a future point, re-level or increment in the price. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

4. Price predicts time. Price can be used to propose a future point, re-level or the increment in time. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

5. Time predicts the price and time. Time can be used to suggest future points in price and time. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

6. Price predicts the cost and time. Price can be used to suggest future points in price and time. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

7. Price and time are predicting the price. Price and Time may be used in combination to offer a future point in price. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

8. Price and Time predict Time. Price and Time may be used in combination to offer a future point in time. Tools that are available for this task include the fan-line and squared Hanna, circles and arcs Fibonacci.

Numbers or number can be created by any of the following methods and in so doing may well be viable: addition, subtraction, multiplication, division, erection of a square or square root calculation.

Relationships can also be represented graphically in simple geometric shapes: circle, triangle, square. They can be submitted in two or three dimensions: from the square to the cube of the circle to the sphere, etc. Three-dimensional representations can often demonstrate the speed of the price.

I feel useful when multiple methods lead to the same result. This means that the identification of areas may become essential for the movement and can provide profitable opportunities for traders.



Forex Magazine
based on www.ensignsoftware.com

Basic principles of Elliott Wave

From 1981 to 1986, Tom Joseph razratal software "Advanced GET" - the world's first and only targeted software for the analysis of Elliott Waves, originally for their own trade. It was presented to the public in 1986. Since that time, he continued to pursue his studies, which have significantly contributed to the further development of the software, adding many new tools for analysis. Currently, "Advanced GET" is the active traders in more than 80 countries around the world. Since 2000, "Advanced GET" is also included in the package "eSignal" and is available as an additional service "eSignal", starting with version 7.1.

During his career, Tom held seminars for traders to trade on Elliott waves using "Advanced GET". He himself, being an active trader, is of great confidence in the training of trade, which he proposes for these seminars. Tom has always promoted its slogan "traders helping traders." "Many of my unique research and tools have been developed as a result of my real deals," said Tom. Tom has written a guide to Elliott Wave Analysis using the "Advanced GET", entitled "Practical application of a mechanical trading system using simplified Elliott Wave analysis and guidance for beginners called" Basics of Elliott waves. Although I use several trading techniques, one of the most preferred - this is one of the options to use Elliott wave - Elliott Type One and selling ", which is to enter the market after the completion of the restoration of Waves 4. I think trade is the method of "Type A" is the most easily identifiable in the model of Elliott wave sequence. And over the years I have developed tools and indicators that allow you to implement this trade with a high degree of accuracy. Using Elliott wave analysis can be obtained from multiple signals. Some of them become clear only after the fact. This can be good if you write a newsletter, which explains the events after the fact, but for a successful trade, you need a model that you can identify in advance with a high degree of accuracy. From my experience of trading in 1979, a model of Type A can be identified with a high degree of accuracy prior to its actual occurrence. After a long wave 3 rally starts fixing of profit and the market enters a phase of recovery. While fixing the profit continues, other market participants who believe that the trend is still in force, continue to enter the market. As soon as the pressure of a fixed profit over, new players entering the market, finally pushed the market to a new peak in Wave 5. One of the simplest tools that we developed in the "Advanced GET" - Elliott Oscillator. We found that the oscillator returns to the zero line, at least in 94 per cent of cases during this recovery, with a fixed profit. This is an excellent tool because it allows you to stand aside until the fixing of profit. When the Oscillator Elliott recedes to zero, this provides a very precise area where you can predict that the fixation of the profit actually finished, and the trend is ready to resume.

In addition to this, we created a fixed profit index (PTI), which is designed for use with oscillators Elliott, and measures the intensity of a fixed income. PTI calculates the value of a fixed profit over the previous Wave 3 rally. Historically, if the PTI remains above 35, this indicates the normal fixation of profit, which allows the market to resume its trend to a new peak. PTI less than 35 indicates too great a record profit and decreases the likelihood that will happen rally Waves 5. We also created a waves of Channels 4, which are displayed in three lines on the graph (blue, green and red). During the restoration of Waves 4, we would like to see that prices are kept above the blue or green channels. Based on statistical surveys, it provides a 70 percent chance of a rapid movement to the new maximum.

Let's look at an example.

Figure 1

In the above example shows the daily schedule of "Occidental Petroleum Corp." (OXY). After a big rally in the Wave 3, this action now is in a fixed income. Oscillator Elliott returned to zero, indicating that the fixation of return can be completed. Now, we look at the PTI. In our case, PTI has shown the value 73. Any PTI value more than 35 indicates that the fixation of the profit was not excessive. The price at the time was able to downgrade to stay above the green channel. In this case we have three conditions that give us the confidence to enter the market, and open long positions for trade in the next stage - Rally Waves 5:

1. Fixing profits ceased (Oscillator Elliott recedes to zero)
2. Fixing an organized way of profits compared with historical patterns (as indicated by PTI remaining above 35)
3. Prices remain above the green channel.

In the "Advanced GET" also developed a tool called the "Pan or missing" (MOB). MOB is activated from the maximum of Waves 3 and provides a potential target for the coming rally Waves 5. The design is very important because it allows you to calculate your potential returns compared to the initial risk taken. The ratio of risk to return must be greater than 2, to be able to conclude a deal.

Ellipse is a tool for Price and Time, which ensures the right time and price to the end of Wave 4. Typically, we look for the Ellipse to provide support for time and for the price. In the case of graphics OXY, tested support for the restoration of the ellipse, and kept verywell

Five Wave Reuction In FOREX

When the ascending trend ends, the same crowd, which raises the price, provided the conditions for its subsequent decline. Holders of long positions are in a false sense of confidence, while the rally lost momentum and a model vertex. Since the "fast money" quietly went to the market, the trend reaches a critical point: the bulls suddenly realize that they were lured into a trap. In seeking to protect profits, they start to close positions. Price fails and sales are increasing wave after wave.

Common features of the model occur in the majority of price reductions. Several reasons are false, and fail. The volume has increased, as the losers sell their assets for undervalued assets ohotyascheysya crowd. The price is moving steadily downstream, reaching the goal for goal. Then also, as the collapse of hope, market-based instruments creates a final, multiple grounds.

Analysis of the model offers an excellent way for the short-term trading, in order to understand and earn the repeat behavior of the market. Not mudrstvuya archly, just look at the work of RN Elliott's 1930's and you will find five - wave decline. This structure for price correction is as effective today as it was 70 years ago. And, as the formula of the crowd, traders can use it, not going into details of a broader Elliott wave theory.

Five - wave reduction consists of three descending impulses and two corrections. The first pulse (top) adjusts upward trend, which has a price to a new peak. This summit begins setback prices, which ends with the second pulse (1): a technical breakthrough marketing tool. As with rising markets, the momentum can be very dynamic. But in most cuts, most powerful movement is usually left in the end. Since the 2nd impulse completed base paints a false picture calming, which slows down the sale, and even introduces a small purchase. Sales then suddenly renewed and accelerated in the final 3 of the third pulse (2), which is so emotional that the price of overcoming initial objective and reasonable support zones.

Emotion of this last wave extinguishes pressure sellers podbrasyvaya price. This rapid upward movement ignites the first impulse of the counter-significant trend. This strong rally then fails suddenly. As holders of long positions are preparing for more tests, the previous minimum unexpectedly retained. A new crowd then comes into play, and the price returns to the trend line of 1-2, as a dual basis. The balance of power is changing, and market-based instruments burst through the line in a new upward trend.

An experienced trader can see the five - wave reduction at all time scales from 5 min to monthly bars. These volatile movements fit perfectly into a large structure of greed, which is trend-cycle through a predefined and predictable process. And subconscious behavior of the crowd, presented this model is not only the financial markets.

Terms of trend line five - wave reduction

1st, 3-i and 5th wave pulses in the Elliott wave theory are 1-2-vertex in the calculation of reductions. Connect the 3rd (1) and 5 th (2) wave trend line. Ignore the 1-th (top) wave of this trend line may violate in any way. The first impulse after the decline could approach close to the trend line, but rarely violate it.