آخرین مطالب مفید و آموزشی از سایت های خارجی معتبر در زمینه آنلاین تردینگ

[bears hunter]

Top Stories-19Sep

Top Stories

• No progress from G7 pushes EUR/USD through 1.3700 as Greece stays in focus
• Greece/Troika conf. call key event of the day
• Nikkei closed Europe lower by -2.4%
• Oil at $86.69/bbl
• Gold at $1822/oz.

Overnight Eco

• NZD Westpac NZ Consumer Confidence (3Q) 112.0 vs. 112.0
• GBP Rightmove House Prices (YoY) (SEP) 0.7% vs. -2.1%

Event Risk on Tap

Price Action

• USD/JPY quiet at 76.80
• AUD/USD recovers towards 1.0250 after steep selloff in Asia
• GBP/USD rallies to 1.5750 but capped
• EUR/USD 1.3700 caps any recovery as Greek woes weigh

Euro remained under pressure at the start of week’s trade after this weekend’s G7 meeting in Poland failed to produce any agreement on the Greek rescue deal renewing fears that Greece was headed for a default on its sovereign debt. Markets remain nervous as the troika of IMF ECB and EU continues to withhold the disbursement of the second tranche of bailout funds to Greece seeking further deficit reduction moves from the country. Greek Prime Minister George Papandreou cancelled a planned visit to the United States to hold an emergency cabinet meeting yesterday to address the concerns of the European officials.
Today the Greek Finance Minister Evangelos Venizolos will outline a range of austerity measures intended to assure the creditors that the country is on the way towards fiscal consolidation with some reports suggesting that the troika is demanding further reduction in government payrolls to bring the total cuts to 100,000 jobs. Such a move is likely to create further political turmoil for Mr. Papandreou’s government with opposition forces already arguing that the current policy is sending the Greek economy into a tailspin.
After rebounding to 1.3700 at the start of European trade EUR/USD lost momentum and hit fresh session lows at 1.3630 as traders fear that Greece is running out of time. Some analysts have speculated that the country may default as early as September 20th when two big bonds totaling 769M euros have coupon payments due. We doubt that authorities would risk such a disorderly outcome and will most likely continue negotiations throughout the week.
Nevertheless, the pressure on the EUR/USD is likely to remain until the Greek bailout issue is resolved. With no economic data on the calendar today, the focus will remain squarely on Athens as markets await the results of the conference call between Mr. Venizolos and the troika. The conference call is scheduled to conclude at 16:00 GMT and could be the catalyst for today’s trade. If the parties reach some sort of compromise the EUR/USD could stage a sharp short covering rally, but failure to make any progress will likely cause further sell off in the pair and shorts could target the psychologically important 1.3500 level as concerns mount that Greek default is imminent.

[bears hunter]

Chart of the Day

Chart of the Day

Gold has pulled back from its all-time nominal high of $1920 and is now trading close to $1790. This retreat despite the heightened risk in the marketplace shows how versatile gold is and how it can trade differently based on different market conditions.
As seen on the chart below, gold has esentially bounced off of its daily pivot S1 support level at $1765 and looks to be moving higher. But what has changed in the marketplace? Frankly, not much.
There is still increased risk coming from the Euro debt crisis, so yesterday’s move to strengthen the European banks pushed gold lower, though today’s risk aversion has gold moving higher. But one of the interesting properties of gold is that it has historically been used as a hedge against inflation. And yet with yesterday’s move to increase US dollars in the system (provide liquidity), gold sold off.
So the market believes that inflation is not a problem at this point despite the added liquidity which means that gold is trading more as a safe-haven currency. And it also means that there could be bigger problems for the Euro.

[bears hunter]

TODAY'S BIGGEST PERCENTAGE MOVERS

AUD/JPY		-124 pips	-1.57
CAD/JPY		-118 pips	-1.51
AUD/USD		-132 pips	-1.28

THE STORIES IN THE CURRENCY MARKET

• FX: HOW TO POSITION FOR UPCOMING EVENT RISKS
• EUR: A POSITIVE CHAPTER IN GREEK SAGA?
• GBP: TOUTING THE BENEFITS OF QE
• AUD: WHAT TO LOOK FOR IN RBA MINUTES
• NZD: SERVICE PMI DECLINES
• CAD: GOLD AND OIL DOWN CLOSE TO 2 PERCENT
• JPY: GBPJPY NEARS RECORD LOW

EXPECTATIONS FOR UPCOMING FED MEETINGS

CURRENT US INTEREST RATE: 0.25%
	09/20 Meeting	11/02 Meeting
NO CHANGE	72.0%	72.3%
CUT TO 0BP	28.0%	27.7%
HIKE TO 50BP	0.0%	0.0%

** PERCENTAGES MAY NOT ADD UP TO 100% BECAUSE OF THE PROBABILITY OF LARGER OR SMALLER MOVES BEYOND THOSE SHOWN ON THIS TABLE
FX: HOW TO POSITION FOR UPCOMING EVENT RISKS
The rollercoaster like price action in the foreign exchange market today gives everyone a taste of what to expect this week. There is a reasonable amount of global economic data on the calendar but these reports will most likely take a backseat to the meetings of policymakers around the world. In the front of the week, the big focus is on the Federal Reserve’s monetary policy meeting and towards the end of the week all eyes will be on the G20. In between Greece and the Troika (EU, IMF and ECB) have another conference call and the minutes from the most recent Bank of England and Reserve Bank of Australia meetings will also be released. Add to that the IMF and World Bank meetings and a lot could happen this week if only policymakers would muster up the courage to take the bold steps needed to jumpstart the global economy and put an end to the crisis of confidence in Europe and the U.S. Clearly there are no shortages of event risks to trigger volatility in currencies and higher vol is probably the only outcome that investors can be certain of this week. Positioning for the FOMC announcement and the other meetings will be difficult because policymakers have the habit of underwhelming when they need to overwhelm which can explain why deleveraging or reducing exposure is the main theme in the markets. President Obama announced a larger than expected deficit reduction plan this morning that elicited nothing more than yawn from the market and unfortunately this same type of response could occur if the Troika, FOMC or G20 meets and fails to beat expectations. The problem is that Obama is standing firm on tax hikes, pledging to veto any deficit plan with no tax increases and to investors this means more confrontation than compromise that will draw out the uphill battle in Congress and challenge the President’s approval ratings. In other words – when it comes to politics, it could much of the same for the next few months.
The greatest risk for the U.S. and global economy is that the same will be true for the Federal Reserve, Bank of England, Reserve of Bank of Australia and the G20. Everyone hopes that policymakers can band together and give their own economies along with the global economy the shot of momentum that it really needs but we have been down this road before and investors have grown use to policymakers coming up short. There is a great deal of hope that the Federal Reserve will announce another round of stimulus but with the market having plenty of time to discount “Operation Twist,” which everyone believes will be the Fed’s preferred choice, ceding to market expectations may not be enough to trigger a risk rally. However with this in mind, the FOMC meeting is too large of an event risk for most traders to ignore and with the dollar appreciating significantly since the beginning of the month against higher yielding currencies, we expect profit taking on long dollar positions going into the FOMC announcement. We have already seen intraday profit taking on short EUR/USD positions on the hope that Greece has reached a deal with the Troika and the prospect of coordinated action by G20 leaders will probably lead to profit taking on risk off trades going into the weekend. Yet blind hope has not served anyone well since the beginning of the year and the real risk is for a disappointment.
The NAHB Housing Market Index was the only piece of U.S. economic data released this morning and according to the report, builder confidence fell to a 3 month low. This is not surprising considering that the housing market in general remains weak. Tomorrow’s housing starts and building permits are expected to show the same softness in demand. The recent volatility in the financial markets has made banks weary of lending and potential homeowners weary of buying.
EUR: A POSITIVE CHAPTER IN GREEK SAGA?
Although the euro ended the North American trading session sharply lower against the U.S. dollar, the currency pair is well off its intraday lows. Fear about a Greek default weighed on the currency and equity markets throughout the day and it was not until the end of the U.S. session was there some hope that Greece is close to reaching a deal with the Troika (EU, IMF and ECB). In a sign of potential progress, a teleconference held today will now be continued tomorrow, giving international inspectors an opportunity to craft a deal with Greece that will allow the release of the next installment of bailout funds. Without the next tranche of aid, Greece could default on its debt by the middle of October. The market is currently pricing in a 95 percent chance of a Greek default and economists polled by Reuters see a 65 percent chance of default. The possibility of a Greek default has become so real that concerns about a Euro break-up has also resurfaced. Germany has shoved off speculation by saying it be a disastrous political message if euro countries could be thrown out of the bloc because they had trouble. This suggests that Germany will do all they can to support Greece and avoid the dissolution of the euro. Unfortunately there is very little agreement in the private sector about whether Greece will actually be able to avoid default. Many leading economists are saying no but based upon the price action in the markets this afternoon, traders are hopeful that a deal will be reached. Another press conference is scheduled tomorrow, leaving investors at the edge of their seats for yet another day. German producer prices are scheduled for release tomorrow along with the ZEW survey. Investor confidence is expected to decline to its lowest level in more than a year as the sovereign debt crisis continues to threaten growth in the region. Meanwhile the State Secretariat for Economic Affairs will be releasing its September 2011 economic forecasts and their commitment to fighting Swiss Franc strength tells us that they are worried about the outlook for the Swiss economy. Downgraded forecasts could weigh on the Franc, keeping EUR/CHF firmly above 1.20.
GBP: TOUTING THE BENEFITS OF QE
Concerns that more Quantitative Easing could be coming down the pipeline in the U.K. along with risk aversion has driven the British pound lower against the U.S. dollar. Even though the BoE is not as close to increasing stimulus as the U.S., the minutes from the most recent BoE meeting is expected to show a growing willingness within the central bank to turn the spigots on again. This morning, the Bank of England published its 2011 Q3 Quarterly Bulletin which talked about the benefits of QE. The central bank concluded that Quantitative Easing boosted GDP by 1.5-2.0 percent and CPI by 0.75 to 1.50 percent at its time of maximum impact. Although the report is prepared by staffers and not by policymakers, it is reviewed extensively by the monetary policy committee prior to rate decisions. If the report found positive benefits to QE, it provides a stronger argument for additional stimulus. Even without this report, recent economic data show the recovery grinding to a halt and more easing was already on the minds of investors and policymakers. According to Rightmove, property prices in the U.K. increased 0.7 percent in the month of September after falling by 2.1 percent the previous month. Consumer confidence numbers are scheduled for release this evening and based upon the decline in retail sales, economists expect confidence to fall for the third consecutive month.
AUD: WHAT TO LOOK FOR IN RBA MINUTES
With oil and gold prices falling approximately 2 percent and risk aversion driving flows in the foreign exchange market, the Canadian, Australian and New Zealand dollars weakened across the board. New Zealand was the only country with any economic data on the calendar and the reports only added pressure to the kiwi. Although consumer confidence held steady in the third quarter, service sector activity slowed for the second straight month in August. Economic activity accelerated in the beginning of the year as the country recovered from the earthquake. However since then, the global economy has slowed and New Zealand has not been spared. In fact, last week the Reserve Bank decided to leave interest rates unchanged due primarily to slower global growth and the longer service sector activity retreats, the longer the RBNZ may hold out on raising rates. The minutes from the most recent RBA meeting will be released this evening and any dovish inclinations could drive the AUD/USD to a fresh one month low. The RBA left rates unchanged at their last meeting and made it clear that they are worried about the impact that global uncertainty and financial volatility could have on consumer confidence and spending. The RBA is firmly on hold but the market expects the central bank to start easing this year and if the expectations are accurate, the RBA minutes would need to contain a more dovish tone. Canadian leading indicators are also scheduled for release tomorrow along with wholesale sales – though important, the impact of these two reports on the Canadian dollar tend to be limited.
JPY: GBPJPY NEARS RECORD LOW
Not only did the Japanese Yen strengthen against all of the major currencies, but it rose to a 2 year high against the British pound. Two years may not seem like a significant amount of time but the 2 year low in GBP/JPY also happens to be a record low. A strong Yen may have become a way of life in Japan but policymakers are under growing pressure from the corporate sector to stop the Yen from rising. Japanese markets were closed for trading last night because of holiday but with the Yen trading at such a high level, investors need to be wary of intervention. Although we believe that the Bank of Japan will hold out until after the G20 meeting to intervene in their currency, anything can happen and therefore we caution investors against holding excessive long Yen positions. Japanese policymakers know that the only type of intervention that the market responds positively to is coordinated intervention and for this reason, they will be working hard to convince their peers to join them in a coordinated effort this weekend. Considering the recent coordinated action with the ECB to boost the flow of dollars, coordinated action with the Bank of Japan may not be out of the question. We believe that 76 remains the line in the sand for the BoJ which means that if the currency pair were to break below that level, the central bank could come sweeping in to sell yen and buy dollars. As for economic data, the Cabinet will also be releasing their monthly economic report this evening along with leading indicators and department store sales.
EUR/USD: Currency in Play for Next 24 Hours
EUR/USD will be our currency pair in play for the next 24 hours. German producer prices are scheduled for release at 2:00 AM ET / 6:00 GMT followed by the German ZEW survey at 5:00 AM ET / 9:00 GMT. From the U.S., we have housing starts and building permits at 8:30 AM ET or 12:30 GMT.
The EUR/USD is currently in a downtrend which we determine using Bollinger Bands. The first level of support in the currency pair is at 1.3600 which is today’s low and the low from last Wednesday. If this level is broken, the next level of support would be the September and 6 month low of 1.3495. On the upside, resistance is at the first standard deviation Bollinger Band at 1.3800 followed by 1.39 where we have the 50% Fibonacci retracement of the January to May rally.


منبع:fx360

[bears hunter]

Chart of the Day

Chart of the Day

Euro In Trouble– Technically And Fundamentally!

By Mike Conlon, ForexNews.com on Sep 19, 2011 02:00:19 GMT
It is no secret that the future of teh Euro is in jeopardy with the debt crisis looming over markets and no resolution in sight. Yet the shared currency has been remarkably resilient in the face of these headwinds, mostly because of US dollar weakness thanks to the US Fed, Bernanke, and easy monetary policy.
Despite the weaker US dollar, the Euro is in a much worse position than it was when news of the debt crisis was revealed, as the market has driven interest rates in the countries with debt problems to unsustainable levels and the ECB and finance ministers have done nothing about it. Now it is questionable whether or not Greece can avoid default, and what the ramifications for the rest of Europe may be if this occurs.
Almost as telling is the technical picture for the Euro. Below we have a weekly chart of EUR/USD and it shows that we are trading just under the 38.2% Fibonacci retracement level and are facing a move lower to 1.30. The picture for the Euro is not one of health and it will be interesting to see if Euro zone leaders can clean up their own mess, or will be bailed out on Wednesday by Bernanke and the Fed. Stay tuned!

[bears hunter]

What we are Watching Today

There was a general sense of hopelessness in the financial markets on Thursday as investors around the world threw up their hands in defeat. The mood has improved slightly this morning but overall, there is still feeling of somberness. The euro and sterling rebounded against the U.S. dollar but the New Zealand dollar and the Japanese Yen extended its losses. Dow futures are also down sharply, pointing to a lower open while gold prices have fallen another 2.5 percent. Until there is a tangible reason for investors to turn optimistic, risk aversion should remain the predominant theme in the financial markets.
With no U.S. data on the calendar today, Europe's sovereign debt troubles will dominate the headlines. CDS spreads continue to rise but the problem is that CDS spreads on European banks have soared as well which means investors are pricing in larger losses on loans and a greater chance of default. S&P and Moody's have been lowering the credit ratings of European and U.S. banks throughout the week which only added pressure to market sentiment. ECB member Nowotny admitted this morning that banks are having a tough time getting long term financing which could necessitate additional support from the ECB. In fact Europe in general is preparing for a Greek default with central bank officials trying to alleviate market concerns by saying that French banks can handle the default. At this point, the Europeans have two choices - announce a Eurobond or let Greece default. Allowing Greece to default would not be the worst thing in the world. Yes, it would cause significant volatility at the onset but would eliminate one of the biggest uncertainties in the market and which could be positive for the euro in long term.
Meanwhile the G20 communique was released overnight and unfortunately it contained all words and no action. Finance ministers around the world pledged to work together and acknowledge the seriousness of the financial crisis and urgency for solution. Without any tangible results though investors are once again disappointed. A G20 press conference is scheduled for this afternoon followed by a speech by Trichet - we will be watching the headlines closely for any market moving comments. Also keep an eye on USD/JPY which is coming very close to its record low of 75.95.

[bears hunter]

Lessons from the pros-part one:Keep your trading Simple

By Sam Evans, Online Trading Academy Forex and Equities Instructor

After a six month sabbatical, I must say that I am truly excited to be back to writing articles for the weekly Lesson From the Pros offering. Before I get straight into my subject for this week, I would firstly like to extend a huge thanks to the brilliant Rick Wright who kindly stepped up to the plate and took over writing duties for me while I was on my extended break and getting married (if you were wondering where I have been!). In fact, Rick has done such an amazing job, that we decided to share the writing duties from now on and you will find us taking on alternate weeks from this article on. It's great to be working with you, Rick, and thanks again for your support.Since returning to my teaching duties with Online Trading Academy, I have been constantly asked by my students in the classroom and during the ongoing Extended Learning Track (XLT) online program if my trading has evolved since I went away, or if I have learned anything new about my trading which I could share with them. Of course, being in instructor, I am always more than happy to pass on my findings to the graduates; however, interestingly enough, I felt that my response was not quite exactly what the guys really wanted to hear from me! Let me explain.You see, as well as taking some time off to get married, I was also keen to just focus on my own trading for a while and get right back into taking things up a notch with my personal goals and with the funds I manage. Don't get me wrong, I love teaching, but to be the best instructor I can be for my students, I also need to be in good shape both mentally and physically and I felt that a little time-out from instructing would allow me to recharge my teaching batteries as well as focus on schooling myself for a change. One thing I learned about myself many years ago is that when I take too much on at once, I then seem to find it very difficult do anything well at all. It was time to strip back, take stock and refuel. Essentially, I was embarking on a little "re-discovery" journey and I was truly fired up for the ride ahead.As many of you already know, trading the money markets is perhaps one of the most challenging endeavors any person can take on. I have always said that trading itself is essentially simple, but not easy, meaning that the actual process of placing trades and finding opportunities on your charts does not require a mathematical degree or diploma, but rather it really only needs objective analysis and confident execution skills. The real challenge in taking and managing a trade comes from keeping one's emotions and biases out of the equation, which is perhaps the greatest challenge of all considering that most people in the world today have very strong feelings about their money and finances. Combine that with a conditioning that being right is good and being wrong is bad, and it is pretty clear why most individuals struggle with maintaining consistency in their trading activities. Indeed the concept of trading may well be simple in its nature, but it is the actual process of trading which is not always easy for the fragile human psyche.So, why am I reminding you of this? Well, as great a job as trading can be, it can also be one of the loneliest careers around as well. After taking a break from nearly two years of regular interaction with students and colleagues within the Online Trading Academy, I found myself pretty much with just my cat and my PC for company most days, as my wife was out working on her new business, leaving me to trade and get on with things at home. At first, it was cool and very relaxed, with no deadlines for articles and no schedules to worry about for classes. I could just get up in the morning, get to my screen and trade for the day. However, as fun as that may sound, let me tell you, it also comes with its problems as well. After a few months, it actually changed my trading habits as well, believe it or not. Now I have been in the markets and doing this for a long time and my trading methodology has not changed for years. I really do think my students get sick of hearing me talk about the same things over and over again (even though they say they don't) – I am like a CD on repeat! Yet there is a reason why I have taught and traded like this and that is simply because it works for me. I have not changed the way I have traded very much for around four years now and why would I? As the saying goes, if it works then why fix it? I had lived my life by this rule for a long time now, but suddenly it was about to potentially change.Trust me, being stuck on your own with very little else to think about or interact with can easily provoke the mind to wander if left unchecked and that is exactly what happened to me. Even after years of trading consistently, I too became a victim of change. I spent more time at the screen each day, started looking at markets I don't usually trade and I experimented (albeit only a little) with techniques I have not used since I was first getting into trading. Don't get me wrong, things were different for me this time around as I was not searching for an answer I didn't already have like before when I was a novice and actually believed there was some secret to success in the market! Instead, I got bored and felt that while I had more time on my hands to trade, I may as well use it to "branch out" as such and try out new ideas. The result I got turned out to be the complete opposite of what I was looking for in the first place.To summarize, I was looking to enhance my trading further by taking on more markets and some additional strategies with the extra time I had on my hands. The end result, however, was by no means reflective of my original intentions. I actually hit a brick wall where the extra analysis I was creating for myself diverted my attention from the core of what I needed to do to remain consistent in my trading and which had taken me this far in the first place. More markets meant more trades. More strategies meant more trades. More trades meant more time at the screen. More time at the screen meant less time doing other things in my life. Suddenly, my "break" had transformed into an even bigger workload than I had before, only this time it was in front of a computer screen and in isolation – not fun!So, the whole "let's take my trading to another level" idea lasted about a month and I quickly went back to what I did best. Placing my Swing trades and set and forgets in the background and no more than two hours a day dedicated to Intraday setups. I ended up using my spare time to take a up a few extra hobbies, got fit and started working out more and devoted more of my hours to working with my wife on her growing business. As for the trading – well, that's just ticking over nicely as it was before. In fact, less time at the screen has actually helped my trading, as I enjoy it more because it takes up even less time than it did before the break!I realized very quickly that we all have good intentions with our goals, but sometimes it may take a few attempts to reach them as the course we plotted in the first instance can often lead us down the wrong path. It's not a bad thing by any means, it's just life. For a very short time, I forgot why I became a trader in the first place: To have more time to do the things in life that I want to do. Trading for me is a means to an end and I find that sharing my time with others, especially through teaching is what really gives me a kick. I am a simple guy and I need to keep things in my life simple. That's who I am and that's how I work best. So, when my students asked if I had learned anything new about trading during my time away, I simply told them that I learned that doing things differently didn't work for me. I had to get back to the basics to get back to being the trader I was all along.My one bit of advice to any aspiring trader reading this article right now and hoping to trade the Forex markets profitably in the future is that you shouldn't make the mistake of believing that the more work you do or the more you know about the markets will help you get to where you want to be. Master the basics and then you can strive to master yourself. In two weeks time, I will be back with the second part of the article, where I will be sharing my 3 Golden Rules for keeping your trading simple and your performance consistent.Take care and be well,

[bears hunter]

keep your trading simple part 2

After writing my last Lessons From the Pros article two weeks ago, Keep Your Trading Simple - Part 1, I have had a number of emails sent to me asking me to detail my three new Golden Trading Rules that I briefly spoke of. As promised, this week I will share these with you, but first, we should quickly recap why I believe that in the vast majority of cases, approaching your trading as simply as possible is typically the most effective and pain-free route to success for us all.Like a broken record, I often find myself repeating the same lessons, guidance and principles to my students both new to the markets and those with a little more experience. We all have to accept that if we seek to make trading a consistently profitable endeavor, then we need to first recognize that it is basically a game of odds and probabilities. It still amazes me just how many people in the markets still think that there is some indicator or system out in the vast plethora of trading methodologies that is better or more effective than the rest of the tools available to us already. The toughest part of the trading journey is coming round to realizing that the only working part which can truly make a difference in attaining speculative success or failure is really the result of the individual traders' pre-defined rules.In a business where anything can happen at any given time (as we have seen across all asset classes recently), it is vital for us to acknowledge that our own behavior and actions are the true catalyst which drive our results, not the behavior of the market, for the market is simply too great a force for anyone to control. Defining your rules effectively defines your behavior, which in turn dictates your actions. Your actions are then what lead to your final results. So, what are the Golden Rules that I choose to live by? They may be more basic than you think:

RULE 1 – Learn to take a Stop-Out

As rudimentary as this first rule may seem, it is surprising how many times it often takes a novice and even sometimes a seasoned trader, to realize that at no cost should this rule ever be broken. Once one has found the trade, marked off the entry and target and placed the stop-loss order, it should be set in stone. There was a phrase taught to me early on in my trading education which stated that my losses would always be far more important to me than my wins, and I have digested and lived by that rule ever since.I will always be the first to admit that taking a stop-out is difficult in the early days, mainly due to the feeling of being wrong. Combine that with the fact that you just lost a little bit of your money as well and it can be a bitter pill to swallow. However, we soon come to realize that losing small is a vital part of the game. If you don't have small losses, you can never have larger wins. Sure, sometimes you will take a stop-out, only to watch the trade go your way, but you also have to ask yourself the question: What if it had continued to go against me and I wasn't protected? How long do you think the accounts lasted of those people out there who bought previous lows of say the USDCHF and didn't protect themselves? Many people bought those lows, but only the professional traders who got out when they were wrong are still around right now. Take the stop on the chin and move on. Things won't always go your way in the markets, just as they won't always go your way in real life either.

RULE 2 - Learn to take a Profit

Okay, as I am writing this sentence right now, I can see people rolling their eyes at this rule, but hold on for a bit as there is a point I am making. As obvious as it may seem because let's face it, people only trade to make profits, hitting a trading target and closing the trade can be one of the single most challenging tasks a market speculator can face. We always hear about the emotions of fear and greed driving the markets and never is this more the case than when an individual is in a good strong trade and then sees it fall all the way back for a break even or small loss. Sometimes this will happen and I have personally had numerous trades fall short of their targets. As frustrating as this can be at times, I have also had plenty of trades that have hit their target perfectly and closed out for a great profit. All we can do is stick to our plan of action and don't let our feelings get in the way.The key aspect of this rule is really to get into the habit of placing the target order in the system based on your objective analysis before you take the trade, and if it hits the target, then be happy for the result. So many times I have seen students get greedy and keep extending their targets well beyond their original only to witness a violent reversal and big profits left on the table. Remember that we are trying to achieve consistency in our trading, and over time, if you have been thorough in your plans, then you will have detailed performance stats to work on and amend your rules with in the future.

RULE 3 – Learn to take the Trade

That's correct...you need to learn to take all of the trades which meet your plan! Essentially, this could be one of the most overlooked aspects of consistently successful trading I have ever come across. What most new traders make the mistake of doing is attempting to look at too many markets and then try to cherry-pick the best trades across the bunch. There is absolutely nothing wrong with looking for trades with the best probabilities going for them, but we also have to be very cautious about missing out on trades which met the plan and were not taken. Typically, when you attempt to cherry-pick, you end up picking the losers and not taking the winners! A simple solution for this outcome is to just divide your maximum risk across the board and get involved with all the markets you are looking at, or simply, look at less markets.We can also have issues when faced with a losing streak in our trading. The very worst thing a trader can do is pass on a trade which matches their trade plan because they fear another loss. This can often result in passing on a quality setup which could have greatly turned the overall profit and loss situation around and impact the final results and consistency. The idea is simple: If a trade comes up which meets the criteria for the plan, then it must be taken; no questions asked. Remember that you have to be in it to win it. Passing on a trade opportunity due to emotional setbacks is not objective practice.These rules may be basic in nature, but they can be powerful and effective in action. Let your rules be both easy to understand and simple to master and the rest will come with a little time and patience. I hope this helps the journey go a little bit smoother.See you in two weeks and take care,

[bears hunter]

Great Posts by great traders

by NiceGuy,

love it, enjoy


Trading is a losing game if you can not control yourself.

- If you afraid to lose, you will lose
- If you afraid to win, you will lose
- if you hope to win, you will lose
-If you lose your hope to win, you will lose
- If you greed you will lose
- If you are not greed, you will lose
- If you are late you will lose
-If you are too early you will lose
- if you get dissapointed and mad when you lose, you will lose even more.


But it's funny how my mentor keep saying : "Forex is like picking money from the floor. It's as easy as that. The problem start only when you start to take more than what you need."

Balance is the key. Learn from the universe around you. How God created the universe and put everything in a balance to make everything work. That's the rule of this universe. So it means, your trading strategy will only work if you can find a balance inside you. Balance between fear and hope. Balance between starting and stoping the trade. Balance between being smart and be a stupid. Balance between doing the trading and doing everything else you are supposed to do in your life.

There's a limit in everything. The price will not climb or falling forever. At some point it has to rest for turning around or continue further. We should learn from it.

It means, we can not break our limit and expect to become a good trader in a day, a month or even a year. We just have to keep punching and kicking our limit step by step while maintaining a good balance inside ourself. Sometimes we have to stop to get rest before we continue later.

Forex will teach you so much about yourself. Learn from it to recognize and overcome your weaknesses. Keep your balance straight, so you can stand on it. If your balance fall, you will fall.

Remember this, You only lose when you lose your money. Missing an opportunity to make a money is never make you a loser. Dont push your luck by forcing a trade, be patience. There'll be plenty of opportunity in another time.

[FX-MAJDIAN]

خسته نباشید. مطالب مفیدی هستند در تاپیک شما. فقط ایکاش میشد فارسی باشند چون فکر می کنم 90% خواننده ها نمی توانند استفاده کنند به علت اینکه مشکل زبان دارند.

[FX-MAJDIAN]

نحوه سوار کردن اندیکاتور روی متا تریدر

من اون فایل را داونلود کردم. حالا چجوری باید روی متا سوارش کنم و ازش استفاده کنم؟ ممنون

با سلام
دوستان همانطوریکه استاد نیما آزادی گفتن سعی کنید وابستگی به اندیکاتور پیدا نکنید .اندیکاتور نیوز ریدر همزمان اخبار اقتصادی مهم را بر روی چارت متاتریدر نمایش میدهد و قدرت تقریبی ارز ها را براورد میکند:
http://www.forex-tsd.com/news-signal-trading/14459-in10tion-newsreader.html

http://www.forex-tsd.com/attachments...9.99j-lite.ex4

thanks

[bears hunter]

نحوه اضافه کردن به متاتریدر

سلام
اول. از حالت زیپ خارج کنید و سپس اندیکاتورها را در پوشه :C:\Program Files (x86)\FOX Professional Trader\experts\indicators
بریزید
دوم .پس از آن زیپ کردن فایل تمپلت آن را در پوشه C:\Program Files (x86)\FOX Professional Trader\templates بریزید.
سوم. در متاتریدر بر روی تمپلت کلیک و اضافه نمایید.
موفق باشید

[bears hunter]

Forex Traders Continue to Bet on Euro Losses-مقایسه تعداد پوزیشن های خرید و فروش یورو

Forex Traders Continue to Bet on Euro Losses

EURUSD – Considering traders remain net long Euro against the U.S. Dollar, despite recent weakness in the pair, the EUR/USD could fall further. Although the pair has shaved off nearly 1000-pips in three weeks, further downside pressure remains given the fundamental backdrop of the Euro-zone and the recent policy shift by the Federal Reserve. Accordingly, a test of the year low set in January may be on tap below 1.3000.
The ratio of long to short positions in the EUR/USD stands at 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at 1.08 as 52% of open positions were long. In detail, long positions are 5.0% lower than yesterday and 1.6% stronger since last week. Short positions are 3.7% lower than yesterday and 10.6% weaker since last week. Open interest is 4.4% weaker than yesterday and 9.3% below its monthly average. The SSI is a contrarian indicator and signals more EUR/USD losses.

[bears hunter]

Gold Short Term Trendline Break False

?Gold Short Term Trendline Break False

300 Minute Bars

Prepared by Jamie Saettele, CMT
“Keep the word ‘range’ in mind as a triangle may be unfolding from the August top in gold. One never knows if a triangle is underway until the pattern is mature but a triangle may be what this market needs in order to correct the recent surge in price and volatility. Remember, markets need to be corrected in both price and time.” If a triangle is underway, then gold is probably staging a wave D rally towards the
upper 1800s

[bears hunter]

Swiss Frank Next Long Term

Swiss Franc Next Long Term Level is 9300-9400

Weekly Bars

The USDCHF is nearing the high from earlier this month. A pop above 8928 would compose 5 waves up from the August low. In the event of a new high, focus would shift to the i-iii line, which is in the mid 90s. 8754 serves as the pivot (below there is bearish). A look at the weekly reveals parallel channel resistance intersecting with the 50% retracement and former pivots at 9300-9400 in late October-early November.

دوستان صرفا جهت آشنایی با تحلیل سایت های مطرح .

[bears hunter]

سلام

ضمن تشکر ,همانطوریکه میدانید ترجمه کاری بس سخت و وقت گیر میباشد ولی انشاالله سعی میکنم تا حدودی نکات بدرد بخور را اضافه نمایم.
تا اون موقع علی الحساب متن خودت را بگذار اینجا و فارسی تحویل بگیر:
http://dik.ir

و


http://translate.google.com

موفق باشید.