Adrian's Trading Log

March 24, 2020 Markets are Turning?

noreply@blogger.com (Unknown) — Tue, 24 Mar 2020 21:22:00 +0000

Markets seem to have hit bottom while waiting for the US $2T stimulus package. My thoughts are once the package is approved, the markets will go wild and start trending upwards again.

A couple of stocks I am looking at:
MSFT - I am thinking of going big on this with my current strategy of buying the cheapest calls with the farthest expiration. I think MSFT will be least hit by the Covid crisis because the world runs on Microsoft. Everyone uses it and will resume consuming their products once we are back to normal.

MA - Looking at the overall chart of MA, it has weathered the past corrections very smoothly. Even the overall chart is very smooth. I think MA will be back to 360 in no time. I will also use the same strategy above to trade this.

NZDUSD is Up and Roaring

noreply@blogger.com (Unknown) — Tue, 22 Sep 2009 12:13:00 +0000

NZDUSD is up again. What can I say, Yahoo! Or in the Philippines it is Yehey!

NZDUSD is Down

noreply@blogger.com (Unknown) — Mon, 21 Sep 2009 21:07:00 +0000

The NZDUSD is down but a doji is formed on the last candle. If my last trade is not so close to the current price I would have got into another trade. I think the NZDUSD is still in a bull run so this is a great opportunity again to buy.

I read that NZ got some bad economic news last friday but for the 6 months or so I have not been looking at the news and I got better results. And by not minding the news so much I get less emotional on my trades.

Less emotion means less stress.

I want to have a New Look!

noreply@blogger.com (Unknown) — Sun, 20 Sep 2009 01:43:00 +0000

Not me, its my blog. I want to give it a new look. I feel that it is too crowded and has a lot of ads.

I looked up a template at btemplates.com and got the Ibizpress. I am going to try it and see.

I feel that even though I think may have already optimized this blog then end effect is it looks cramped.

I may have to risked what I have already done before to the layout and start over with a nice clean look.

After this post you are going to see a the new look.

Insurance for Bloggers

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 15:57:00 +0000

I just read from this news article from Bloomberg that bloggers and micro-bloggers now face getting lawsuits from their posts.

Gives me the shivers. I should be very extra careful on my posts from now on.

The Jademaster

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 15:50:00 +0000

I remember this story from "The New Market Wizards" by Jack Schwager as I was thinking about how I traded lately. I would not say that I am now a seasoned trader and will not make mistakes again but with the confidence I have lately I can say that I am the Jademaster. May the force be with us all.

One cold winter morning a young man walks five miles through the
snow. He knocks on the Jademaster's door.
The Jademaster answers with a broom in his hand.
"Yes?"
"I want to learn about Jade."
"Very well then, come in out of the cold."
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young
man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
"Excuse me, I am here to leam about Jade, not tree frogs."
The Jademaster takes the stone and tells the young man to go home and return in a week. The following
week the young man returns. The Jademaster presses another green stone into the young man's hand and
continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass.
The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the
kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade."
I lean back in my chair, savoring the story. My student interrupts.
"OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out
about the markets. I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and
options. I want to make big money. You tell me a fable about Jade. What is this? You ..."
"That's all for now. Leave those price charts on the table. Come back next week."
Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window,
ED SEYKOTA

First Solar (FSLR) is Blazing Hot

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 15:30:00 +0000

I do not trade US stocks not because I do not want to but because I just don't have the capability to. Last week I told my sister about First Solar (FSLR), I said that this company looks interesting to trade because they have invented a new way to create solar cells that would make the solar power generation costs equal or cheaper than oil and gas electric plants.

Since then FSLR has jumped like more than $1 a day. now it is trading at $154. I see more rise in this as they will probably get more orders from their new and cheap thin-film solar cells. They recently got a billion dollar order from China.

Inviting All Forex Bloggers

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 15:20:00 +0000

I would like to invite people who love to write about forex trading. Just post a comment or send me an email if you are interested.

Unemplyment is Up in Most US States

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 15:09:00 +0000

Whoever said that the worst is over. Unemployment is still up in most states in the US with a highest of 15% in Michigan.

Help Me Buy My Iphone, Iphone Fund Launch

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 07:04:00 +0000

I am launching my Iphone fund today.

I have renamed my toolbar on the right my Iphone Fund. I am kindly requesting all the charitable people in the forex world to spare me some of your Paypal cents to help me buy my Iphone.

If everyone would like to know why I am obsessed with the Iphone, here is why. I made a post long time ago about forex trading on an Iphone. Everytime I check my Google Analytics, that post has always brought me the most visits. It has still been bringing me site visit from Google search up to now.

But up to now I still have not gotten an Iphone yet. It is not that my obsession for it has waned but it is still not available in the country where I live. I am an expat in a country that is so technologically advanced that they can live without the Iphone. In fact an Iphone would probably be just low-tech compared with the phones that they have here. Still I would not exchange it for any of their high-tech phones.

Anyways I may still have to dream and salivate about Iphone until I can move to another country that worships the Iphone.

Your cents will be appreciated. Dollars will not be bad also.

Cheers! Happy Trading!

I AM BACK PINOY FOREX TRADING WORLD!

noreply@blogger.com (Unknown) — Fri, 18 Sep 2009 06:53:00 +0000

Hello Pinoy Forex Trading World!

I am back and a I am hot!

I am trading again. I just cannot kick the habit of forex trading. It has been a good run for me since I last funded my account. It was probably 6 months or so I cannot remember but definitely not last year.

So far my NZDUSD trades have been going pretty well. I say trades meaning I already have like 9 open trades and I am still riding it. I am riding the bull wave.

I do not want to sound schizophrenic but I am starting to worry about the string of trades I did because everything is up and green that I am already thinking about when it will end and will it end with a bang. Some people do not get satisfied after all, I am winning but I am still worried.

We cant have it all.

Foreign Exchange Risk Management

noreply@blogger.com (Unknown) — Tue, 06 May 2008 20:23:00 +0000

Forex can be extraordinarily beneficial to a variety of people. It gives huge leverage rates, incompatible liquidity, convenience to trade on the Internet, and, of course, lots of money if you trade smartly.

Many are reluctant to involve in Forex trading because of its ‘risks’. But you must remember that there are risks everywhere! It is important to learn and manage your risk in forex trading.

One of the best methods to avoid unnecessary risks is avoid fraud dealer. The right Forex broker should be regulated legally and transparent on their investment offer and operations.

Forex trading has plenty of risk built right in. For example you may find a forex broker offering you a leverage of 200:1. but you must keep your trading real and know when your broker is facilitating your trade and when he is not.

Forex dealers may insist on high leverage values as this means more spread income for them. Trading in high leverage may increase your profit and increase your loss too. Careful forex risk management steps, however, can avoid this kind of trading.

Choose a broker that lets you control your risk from the beginning by committing only the amount you need to trade or can bear to lose. In that case you will be in a better position to use leverage wisely and get the most out of your investment with a proper risk management.

Manage Your Risks to Maximize Your Forex Trading Profits
The Forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you attempt to liquidate it will affect the price of your Forex contract and the potential profit and losses relating to it.

To avoid losing all of your investment capital, you should have a pre-arrangement on your risk management profile limiting the Forex dealer not to overtake risk that you cannot handle

Diversification is another way to manage risks in Forex market. Trading one currency pair will generate few entry signals. If you wish to lower your risk in Forex market, it would be better to diversify your trades between several currencies. Try simultaneously trade on different pair of currency.

Avoid too high margin trade. Like any other trading business, the best advice you can get is to learn and practice more before you test your ‘wings’. Rely on the resources like seminars, eBooks, Internet, papers, video courses. You can also try out your skill on the demo account provided free.

Knowledge is the key to handle your risks in forex market. Before entering into the trade, the best thing you should do is educate yourself. What drives currency price movement? How to read analysis data? How to read chart indicators? Immediate settlement minimizes counter-party and operational risk. Trade smartly, and gain the maximum out of Forex.

"An Article from http://www.instantforexincome.com/forex_articles/foreign_exchange_risk_management.html."

Accurate Forex Signals

noreply@blogger.com (Unknown) — Sun, 04 May 2008 20:38:00 +0000

In a volatile and dynamic market like the forex everyone would require “a set of precise recommendations” or in other words accurate forex signals for successful trading.

Accurate forex signals are for the new or professional currencies traders who do not have time to do their own analysis. Accurate forex signals can also complement their own forecast with others.

A combination of fundamental and technical analysis forms the foundation of accurate Forex signals. Using a variety of technical studies, one can derive various types of accurate forex signals from currency charts.

For example the Simple Moving Average indicates buy signals when currency prices rise above the average line. Sell signals will be generated when the price falls below the moving average line.

MACD or Moving Average Convergence Divergence studies have a signal line that is used to generate a buy signal or a sell signal. An accurate forex signal can be generated with Volume indicators, which reflect the market interest. High volume can indicate the start of a new trend. On the other hand, low volume indicates investor uncertainty.

All considered together can form a relatively reliable set of accurate forex signals about how the market is going to move. The accurate forex signals can also be based on Neural Network analysis of raw market data across variety of Currency pairs.

An ideal forex signal system should take care of the following factors:
It should cover the full market. As long as the markets are open, the system should generate accurate forex signals for all major currency pairs.
The forex signal system must have real-time updates, which is a vital component for success.
The forex signals system should be capable of generating multi time-frame recommendations. World markets operate at different times and so should be the signal provider. The forex signals provider must take advantage of major shifts regardless of time zone differences.
The forex signals must present multiple intraday signals. It should provide different number of trading alerts daily. As a member of any such accurate forex signals service you should receive 1-3 trade signals during each trading day.
The accurate forex signals must have more than one delivery methods. For example you must receive them either via email or Instant Desktop Alert. This ensures that you never miss a signal.
One thing you must remember that no forex signals can be fool-proof. Accurate forex signals can give you good advice about which currencies to trade, but no signal service guarantees that their information is going to be 100% accurate. Reputable forex signal services will show you their historical data on past performances.

As the forex signal services involve a cost or subscription, as an individual trader you need to decide if the cost is worth it. Accurate forex signals can never take the place of trader education.

"An Article from http://www.instantforexincome.com/."

Holy Grail Trading Systems

noreply@blogger.com (Unknown) — Sun, 04 May 2008 06:33:00 +0000

The Holy Grail has always evaded us novice traders. I was doing an article on Forex Losers and I stumbled upon two trading systems that were proven to be Holy Grails. I read unbiased reviews from real traders testing out the trading systems on real accounts. The results were astounding.

The two trading systems are:

Forex Auto Pilot
Forex-Killer

Forex Auto Pilot was able to achieve a 600+ pips win during the test period of a few weeks while the Forex-Killer was able to bag about 700+ pips.

Pretty impressive for trading systems. Maybe the Holy Grail is just another click away.

Here are the Links to the two trading systems.

Forex Auto Pilot
Forex-Killer

Happy Hunting!

Forex Position Trading

noreply@blogger.com (Unknown) — Wed, 23 Apr 2008 20:41:00 +0000

Deciding to venture into Forex trading is a big decision. Understanding the main principles of forex trading and the trading philosophy ensures the profit, which you as an investor or trader is looking for.

Incorporating the concept of forex position trading in a day trading environment can result in huge profit from the forex transactions.

In Forex position trading, a long position is a situation in which one purchases a currency pair at a certain price and hopes to sell it later at a higher price. In this case, the trader profits from an increase in price.

This is also referred to as "buy low, sell high". On the other hand, in Forex position trading, if a trader thinks a currency pair will fall, he will sell it with a hope to buy it back later at a lower price. This is known as a short position, which is the opposite of a long position.

In forex position trading, a trader has a long position on one currency of the pair and a short position on the other currency. So, while forex position trading, a trader defines his or her position as an expression of the first currency of the traded pair, which is known as the base currency.

The second currency is known as the counter currency. In forex position trading, the trader takes a long position on a pair when he or she buys the base currency. If the trader sells the base currency, he/she shorts the pair.

For example, if the current rate for the USD/JPY pair in forex position trading is 120.93, which means it takes 120.93 Yen to exchange for 1 Dollar and if the trader buys the Dollar while selling Yen, he is buying or longing the USD/JPY pair.

When the value of the base currency, here the Dollar, is rising, the rate will be moving upwards. If the rate changes from 120.93 to 121.50, it will take more Yen to buy the same amount of Dollars.

If the trader was to sell the Dollar and buy Yen then he or she would be shorting the pair. By taking a long position on the pair in forex position trading, the trader will wish to sell the Dollar back versus the Yen at the higher price.

In forex position trading, when you enter a trade you either sell the currency pair, or buy the currency pair. When you exit you do exactly the opposite. So when entering forex position trading you may short the pair, which means you sell it in hope that it will go down, so you can buy it back at a lower price and make money on it.

In order to get out of the forex position trading you must buy back the pair that you sold. The same goes for going long on the pair. So effectively it is the position of the currency pairs, which govern the amount of profit you are going to generate in forex position trading.

"An Article from http://www.instantforexincome.com."

Candlesticks and Forex Trading

noreply@blogger.com (Unknown) — Tue, 22 Apr 2008 20:37:00 +0000

As an investor in the forex market, you must know the importance and impact of a methodology involving technical analysis.

Candlesticks and forex should therefore sound as inseparable phrase because it is perhaps the oldest and proven method for successfully predicting the future price trends from available price and volume data.

This method of analysis evolved from the techniques used by the Japanese Rice traders in 18th century in Japan where Munehisa Homma of Dojima Rice Exchange, used past prices to predict future price movements and generated an enormous amount of wealth. The same concept of Candlesticks was adopted to analyze the Forex market that turned out to be overwhelming.

The Candlestick in forex trading considers the thought processes of the majority of the investors in the markets and generates signals reflecting an investors’ emotion. This shows the unique appeal of Candlestick and forex studies based on them. A chart pattern in Candlestick presents forex data in a dramatically dynamic visual way where you can identify a change in trend to magnify your profits.

The Candlesticks in forex have basic patterns comprising Long days, Short days, White Marubozu, Black Marubozu, Spinning tops, Stars, Rain drops. The reversal pattern in candlestick for forex has Dark Cloud Cover, Engulfing, Evening Star, Harami, Morning Star Doji, Piercing Line, Three Black Crows, Three White Soldiers. Other than these the candlestick patterns in forex can be continuation in Falling Three Methods or Rising Three Methods.

You can present the open, high, low, and close in candlestick for forex. The candlestick will be a hollow (white) when the close is higher than the open,. If the close is lower than the open, the candlestick will be filled (black).

Thin lines above and below the candlestick body in forex data, represents the period's entire trading range, which is known as the shadow. The top of the upper shadow in candlestick for forex, represents the high and the bottom of the lower shadow represents the low.

Candlestick and forex are the best example of a winning combination. From the candlestick pattern the forex trader will be able to see whether the trading extended well beyond the opening and/or closing price or was it confined closely to the open and/or closing price.

If you know how to read the Candlestick in forex you can visualize the trends it reflects. Long white candlestick and forex will show strong buying pressure – which means that the prices advanced significantly from open to close and with aggressive buyers. A long white candlesticks in forex chart after an extended period of declines, can mark a turning point or support level.

"An Article from http://www.instantforexincome.com/."

Forex Mobile Trading Software

noreply@blogger.com (Unknown) — Tue, 22 Apr 2008 20:31:00 +0000

Forex Mobile Trading Software is the latest technology enabled service for trading currencies while on the go! With Forex Mobile Trading Software you can operate your trading from anywhere and at anytime.

Most of the Forex Mobile Trading Software solutions are comparable to any Personal Computer based forex trading platforms with the advantage of physically carrying it with you wherever you go.

Forex Mobile Trading Software is user friendly and easy to operate. You can have an enhanced version of one such Forex Mobile Trading Software for your pocket PC as well. No matter where you go, you can keep up to date and place currency-trading orders on real tradable prices.

With a Forex Mobile Trading Software you can use your web-enabled mobile devices, including phones and Personal Digital Assistants (PDAs) to connect to the trading platform provided by the vendor to check rates and news.

With Forex Mobile Trading Software you can have live streaming quotes, full-color charting, complete access to real-time transaction history, account statements and position, margin and risk-analysis. Forex Mobile Trading Software is aimed at bringing the trader even closer to the market. With a Forex Mobile Trading Software, you can place stop and limit orders to perform as either protective orders for open positions or to open new trades at certain designated market levels.

Forex Mobile Trading Software can keep you connected to the market 24 hours a day, seven days a week, and from anywhere around the world. This sophisticated Forex Mobile Trading Software keeps you in touch with the vital market news and rates, and allows you to trade the market with greater ease.

With few simple steps you will be able to access the Forex Mobile Trading Software for practical use. First you will have to log into your account by using your account username and password. After you log in, the Forex Mobile Trading Software will ask you to select the option – for example, rate, which is the first step towards placing a trade.

In the next step the Forex Mobile Trading Software will ask for the other parameters like the currency pair and selecting to either Buy or Sell followed by details like Bid corresponds to a Sell and Ask corresponds to a Buy.

You can place orders including Market, Stop, Limit, and OCO through the Forex Mobile Trading Software trading platform. Confirmation windows will allow you to terminate your action. Forex Mobile Trading Software also offers you with the flexibility to open orders, open trades, and settled trades for the day and the week.

The security used in the Forex Mobile Trading Software is similar to that used for Internet sites and wireless Web sites: Security Socket Layer (SSL) and HTTPS, which is one of the safest and most secure systems in existence today.

"An Article from http://www.instantforexincome.com"

Forex Trading Style

noreply@blogger.com (Unknown) — Tue, 22 Apr 2008 20:29:00 +0000

A Forex Trading Style based on sound study and technical analysis can become your magic wand while operating in the forex market. Some of the most common Forex trading styles may include scalping, swing, position, discretionary, and automated trading. However, if you are a new investor it is better to first understand which forex trading style suits you best.

There are basically two types of Forex trading systems -- mechanical and discretionary, on the basis of which you can formulate your forex trading style. The trading signals that come out of mechanical systems are mainly based on technical analysis applied in a systematic way. In discretionary systems you use experience, intuition or judgment on entries and exits.

If you are methodical and not willing to invest until you understand every aspect of how the different political, economic, and psychological factors going to affect the currency rates then your Forex trading style is going to be based on trends. Now you can predict currency momentum trends by understanding all factors that affect exchange rates between different economies.

On the other hand, if you are typically looking for the highest profits in the least amount of time, your Forex trading style will be based on the strategies. For example, Scalping is a favorite currency trading strategy as it involves predicting future exchange rates a few hours or days into the future.

By mobilizing capital faster, you can buy in, make a quick but reasonable profit, and get out before the rest of the market has had time to adjust. So in this particular forex trading style you can make your profits before the markets can retrace and are known as counter-trend investors.

If your forex trading style is based solely on technical analysis you will focus upon the recent history of the currency exchange rate movements to predict future changes. In this specific forex trading style, you consider the fundamental indicators such as economic or political news as inconclusive and unreliable predictors of future price movements.

However, through technical analysis, it is possible to examine how similar political or economic news events affected past prices - and then you can formulate your own forex trading style to predict the future price movements.

You should not develop your forex trading style exclusively based on only one type of analysis. Although you will find that the trend investors and counter-trend advocates do differ greatly in their forex trading style, trend investors are expected to do better when they focus on fundamental factors and their potential effects on currency exchange rates.

Here, as an investor you are incorporating many factors GDP growth, interest rates, trade deficit/credit figures, and commodity prices and their impact in your forex trading style.

For example your forex trading style should choose the right currency pair. You must decide on how long you plan to stay in a trade. You should also have clear exit plan. You can place your stops and limits accordingly.

Your forex trading style should guide you in deciding how much you are willing to risk and how much you are looking to gain. Always keep track of important news and technical levels, which may be tested within your time frame.

"An Article from http://www.instantforexincome.com."

Basics of the Forex Market

noreply@blogger.com (Unknown) — Tue, 22 Apr 2008 20:21:00 +0000

The foreign exchange market is the market where currencies of different countries are bought and sold. It is primarily an over the counter market with trades accounting for most foreign currency transactions.

Apart from large commercial banks, the other participants of foreign exchange market are brokers who match buyers and sellers, customers of brokers or banks, and central banks. It is necessary to know the basics of foreign exchange market before you actually start trading forex.

But the main question is why do we need foreign exchange market? If we want to buy foreign goods or a country wants to invest in other country, companies or individuals first need to buy the currency of that country with which they are going to do the business.

There comes the requirement of foreign exchange market or FX market where one can buy and sell currencies. Here, the price of one currency is determined on the price of the other currency. This rate is called exchange rate.

When we talk about the basics of foreign exchange market, we should know that this market is not like traditional market where trade takes place. Foreign exchange market is a worldwide network of traders, connected by telephone lines and computer screens.

There is no central location of this market. However, there are three major centers that handle the majority of transactions: United States, United Kingdom and Japan. The remaining transactions in the market are controlled from Singapore, Switzerland, Hong Kong, Germany, France and Australia.

Usually, a trading day starts at 8 am in London and ends in Singapore and Hong Kong. When it is 1 pm in London, the New York market opens for business. Later in the afternoon the San Francisco market opens. As the market closes in San Francisco, the Singapore and Hong Kong markets start their day – so trading goes on 24 hours. The main reason that makes the markets open 24 hours a day is - high demand of currencies.

The foreign exchange market is not only an enormous market in the world; it is also the most volatile market with an estimated 2 trillion dollars changing hands everyday. Traders in the foreign exchange market make thousands of trade daily by buying and selling currencies while exchanging market information.

The money that is traded are used for the import and export needs of companies or individuals, for direct investment, to profit from short-term, fluctuations in exchange rates, to manage existing positions and to purchase foreign financial instruments.

According to the basics of foreign exchange market, 6 major currency pairs are traded most in the market. These are: EUR/USD, JPY/USD, USD/CHF, AUD/USD, GBP/USD and USD/CAD.

The basics of foreign exchange market also state that, as a trader you should constantly try to predict the behavior of other market participants. If the traders can correctly anticipate their opponents’ strategies, they can act first and beat the competition.

"An Article from http://www.instantforexincome.com/. "

Forex Scalping & Scalping Methods

noreply@blogger.com (Unknown) — Mon, 21 Apr 2008 09:02:00 +0000

Forex scalping is one of the most used and highly demanding forex trading strategies nowadays. In the Forex scalping methods, trading is done over shorter time frames and profits are taken after relatively small moves in the market.

Since the time that the position is exposed to the market is shorter, small profits are taken more frequently in Forex scalping methods. Therefore, it has less chance of facing the market events that may cause the price to go against the trade.

Forex scalping method of trading is different from other traditional forex trading methods where the profits are allowed to run and losses are cut shorter.

When somebody is scalping the market he/she is not looking for the big move of the markets; instead he is looking for the small moves in his favour that will result in significant gain without any risk or insecurities involved in waiting for big move.

Forex scalping is nothing but playing with spreads. In the Forex scalping method a currency is bought at the Bid price and sold at the Ask price to gain the bid ask difference.

This procedure is profitable in the case even when the Bid and Ask prices don’t even move. Traders even pay market price for any currency because they can make profit by doing that as well. The Forex scalping method normally involves establishing and liquidating a position quickly, usually within minutes.

People who are expert in forex scalping methods of trading are the markets makers or specialists who are into maintaining the liquidity and order flow of a product of a market. These forex market makers can have superior execution speed as an insider. They also have a greater knowledge of trading and actual market situation due to their information gathering capacity.

Scalpers are only exposed in a relatively short period. They do not hold overnights. So, the exposure they get is lower than other trades while the risk is also less in this type of trading. Here are some of the factors that affect Forex scalping:
Liquidity: Scalpers like to trade in more liquid market since they can make thousands of trades a day to add up their small profits offered on each trade.
Volatility: Stable forex market attracts forex scalpers. If the prices don’t move throughout the day, the scalpers can still make profits by placing their orders on same Bid and Ask and can make thousands of trades. They do well in trade, as they don’t have to think about sudden price changes.
Time frame: The scalping method of Forex trading is done on a very short time frame. People even make profit from the market waves that are too small to be seen even on the one-minute chart. Therefore, the more the number of moves during the day the scalper can make more profits.

Forex scalping is very easy to follow if you know the basics of forex scalping method of trading and have a Forex Scalping Platform to help you scalping various currencies. The whole secret is to get in and get out of the market as quickly as possible.

"An article from http://www.instantforexincome.com/."

P&F Forex Charts Resources

noreply@blogger.com (Unknown) — Tue, 08 Apr 2008 20:37:00 +0000

I am doing a Google search and I found these sites about P&F charts:

http://www.investopedia.com/terms/p/pointandfigurechart.asp

http://www.investopedia.com/articles/technical/03/081303.asp

Links for Sale. Donate to a Forex Trader.

noreply@blogger.com (Unknown) — Tue, 08 Apr 2008 09:35:00 +0000

I am selling my sidebar space for trading money. You can buy links on my sidebar. Just click on the paypal donate icon and send me and email.

Donate $1 to a Forex Trader

noreply@blogger.com (Unknown) — Tue, 08 Apr 2008 09:23:00 +0000

I not ashamed to say that I am accepting donations to my trading fund. I have decimated my account and my wife will not give me anymore trading money.

I have learned my lesson. I believe I can trade better now. So if any of you is willing to bet your $1 or more on this forex trader then click on the Paypal link on the right side bar.

I would be greatful for your donations. I will add place your name or a link on my sidebar for anyone who makes a donation to my trading fund.

Getting Forex Tradings Signals from P&F Charts

noreply@blogger.com (Unknown) — Thu, 03 Apr 2008 09:55:00 +0000

I get my forex trading signals from P&F charts.

It is very simple. I scan every currency pairs P&F chart. Then when I see a possible reversal like a new 2 or 3 box reversal. Then I take the trade. I try to avoid reversals where the price has not moved away for a long time from the reversal point.

As for any existing trade. I add up to current trades where I see that the boxes are continuing in my direction. But I lesson the size of the lot relative to the initial trade. That way even if I lose on the suceeding trades, I would still come out a winner from the first winning trades.

I close my trade whenever I see a reversal.

Thats it. It is very simple that it makes me cringe just seeing it win. I have only tried it for a few weeks but I am very satisfied with tha simple trading system.

Check out my results by clicking here.

Forex Signals by Point and Figure Currency Charts

noreply@blogger.com (Unknown) — Thu, 03 Apr 2008 09:36:00 +0000

This is an image of my latest trading strategy where I get my trading signals from Point and Figure currency charts aka P&F.

This is a description of a point and figure chart that I got for www.oanda.com:

Point & Figure (P&F) charts focus on price movements and do not present a linear representation of time. By removing the less-significant price movements (considered as noise), P&F charts potentially make it easier for traders to identify support/resistance levels and market trend lines.
In summary, P&F charts give traders a different perspective of the market comparing to the more traditional bar or candlestick charts and hence can be used as another guide to better understand the structure of the forex market.Point & Figure (P&F) charts focus on price movements and do not present a linear representation of time. By removing the less-significant price movements (considered as noise), P&F charts potentially make it easier for traders to identify support/resistance levels and market trend lines.
In summary, P&F charts give traders a different perspective of the market comparing to the more traditional bar or candlestick charts and hence can be used as another guide to better understand the structure of the forex market.

Click Here to go to the Oanda P&F webpage.

I am trading a demo account right now from Oanda and I am doing great! All my winners are great trades and even my losers are good trades also. The reason why I appreciate even my losers is because I was able to always get out when the market is about to turn. Then I take the reverse trade. It is just fantastic. I will try to follow the P&F charts and if I really do very well on my Oanda Demo Account then I will probably fund my real trading account again.