FOREX Training - Timing Your FOREX Trades Pt 2

Описание:

This is a video overview of how to improve the timing of your trades using the oscillators MACD and Stochastics. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (http://www.fxbootcamp.com

Комментарии:

freeSCALPINGindicato пишет:

great advice, happy trading?

coloured888 пишет:

rely good information for my.? just keep going :)

FreeFOREXautoROBOT пишет:

Awesome video! Thanks!

I prefer free forex EA.

Works fine for me.

I? have great results.

LT3685 пишет:

Great stuff Wayne, you rock?

bluenicz пишет:

Can you tell how we setup the MACD with the two lines or where I can find it? or make it? Do the lines need parameters?

playergame06 пишет:

dont fight? the force just flow with the force.

vexpose пишет:

thanks, Wayne?

laton2010 пишет:

@vexpose free forex signals rocket-forexsignals.blogspot.c­om

and this great system here pipscode.page.tl?

TellinTheTruth пишет:

hey when using macd the lines cross but its still below the "water level" but pointed up but price goes down still !even though stochs agreed! I like the part 1? method better and confirm it with the oscillators.

I am looking at 1 min charts with fxcm and it dont seem as easy as your examples! Dang

richyn2 пишет:

i got a Q, hope u or somebody can answer.. in my MACD.. long cycle should be =21

short cycle should be = 55, and periods should be =? 8 ??? Thank you !!!

sieeersciuch пишет:

When you close order? if you are playig MACD? and Stoch?

ryanweng00 пишет:

Thank you for all your blood, sweat and tears on testing and making the changes on MACD and Stoch, Wayne.

I am falling in love in MACD and stoch, and I am going to practicing putting 100 times by finding strong support or resistance (daily and weekly reversal pivot, EMAs, fib levels and? enter when extreme MACD cross and stoch) and I will journal it.

Right now I am fully committed to do whatever it takes to join the 5% club and I look forward to share my success with you.

Anadehoz пишет:

Great video? wayne

ankurgoyals8 пишет:

GRT HELP THROUGH? THIS VIDEO. IF YOU R NEW TO FOREX IT PROVIDE GRT HELP. THANKS TO UPLOAD IT.

Pedromax2007 пишет:

Thanks? Wayne, your advice is good and easy to understand.

FreeFOREXautoROBOT пишет:

got one? free EA if anybody looking for..Great results.

zainal7040 пишет:

tq!? tq! tq!

joebears15 пишет:

great video, It gives you a sense of what is going on and that you are not totaly on the outside? looking in. 5*

asefawewqf пишет:

This system is in my opinion the best? you can get out of Forex. You get completely automated trading directions, so that you don't have to go into difficult analysis to learn how to trade. In fact, you don't need almost any knowledge about Forex. I joined recently and now I spend only a few minutes each day working with the system and I already earned a nice sum of money. Learn how to make money at [ MakeMoney8XXcom ](replace XX with a dot)

malmsteen2002 пишет:

very VERY? complicated..i would suggest you guys to try out SRDC or Buaya Puteh methods.....much easier......and its free...

arjun12345a пишет:

Wayne tell me 1 thing, the time MACD crosses for sell, stochs always comes in oversold position, When stochs reaches back in overbrought region, MACD changes its course. And till this time prices also? touches Fibonacci retracement levels, so how to trade with this method?

shahir5709 пишет:

thanks wayne, i manage to? get 300 pip using this techniques.

DDDianaDDD пишет:

Great? video, thanks!

latitudpv пишет:

I am in the learning process but i like who Wane does teach us? how to trade. Keep up the good work.

fpricardo пишет:

Thank you,? Wayne

bvelha пишет:

This is the first tech video i watch from Wayne, i have visited FXBootcamp, did not sign up. this video, and objectivity has peaked my interest again. if you"ve been in the FX trenches for a while, u know that there are many ways to trade, but there is always a way to improve. i will definitely watch the rest of the series. i started to make money when i? realized that i had to trade what everyone else was seeing not some obscure system/technique. Wayne seems to show that!

texxta пишет:

lol 14:20 imagine "your dog" fighting in a fighter plane... wtf? is my dog doing in a fighter plane ?

IamTheTuna пишет:

LOL! It's not "YOUR DOG" he said "Imagine you are dog fighting" meaning you're in combat... you crack me up!?

texxta пишет:

@IamTheTuna ? :P

derekmizak пишет:

Excellent explanation, clear? and practical

kostabbb пишет:

thanks? again

mullerel3 пишет:

Excellent video Wane, i liked the top gun? analogy LOL... Thank you...

pwlco1 пишет:

We as traders tend to make this really hard. These videos bring us back? to the basics which are SO important. Thanks Wayne.

Patrick L

LudoLudowitch пишет:

love it!?

Mrbignutzful пишет:

Hey Wayne, is it really that easy to get real pips? I find that setting stop loss is the most tricky part without getting taken? out.

Could you give us some ideas based on setting stops?

Thanks, cheers.

fxbootcamp пишет:

Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT get stopped out. I will EXIT a trade if the trade plan fails, such as a moving average or MACD crossover against my plan. I get out for profit or loss and cancel my? stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.

MsDawdawdaw пишет:

cool?

cherylish1 пишет:

explain why you waited for a repeat of the stochastics to say oversold on 20.19 min. I would have? went long the first time- but you waited for a second confirmation then? to get that 100 pip spread.

cherylish1 пишет:

Wayne - thanks for sharing the videos !!- I bought the book-? excellent

duvelenmasje пишет:

Great video wayne! But how do you decide where? to put your stop loss? I presume you apply certain rules for that...thanks for this clear and useful analysis!

fxbootcamp пишет:

Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT? get stopped out. I will EXIT a trade if the trade plan fails, such as a moving average or MACD crossover against my plan. I get out for profit or loss and cancel my stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.

wa7sh999 пишет:

Great video? exellent simple explanation

but there is a problem with my trading station in stochastic I only have space to enter two numbers not three can anyone help?

sphereme пишет:

On the stochastics parameters which numbers apply to what? 8,3,5? I'm new to this..? Does that apply to fast or slow stochastics? Any want to give this neophyte a clue?

rbonilla18 пишет:

this will be the normal stochastic. the? fast stochastic i think is k% of 4

keris80 пишет:

Your videos are excellent, and especially invaluable to a beginning trader such as? myself.

Thanks so much.

DDDianaDDD пишет:

Great video!?

echschmidt пишет:

killer video wayne, thnx?

Ikland пишет:

Thanks Wayne. Very clear with no Fluff! Keepin it simple and user friendly as? always. fxWoody.

radjune1970 пишет:

Very useful information,? thanks a lot

FOREX trading refers to an international, 24/7, over the counter, exchange market where currencies of different nations are bought and sold. Trading is always done in pairs assuming the price of currency bought to go up and that sold to fall down. It is the largest liquid financial market making it impossible for any single investor to influence the prices of currencies.

There are two kinds of FOREX investing strategies:

TECHNICAL ANALYSIS

FUNDAMENTAL ANALYSIS

TECHNICAL ANALYSIS:

Technical analysis is mostly undertaken by small and medium size investors.

A technical analysis considers factors that are actually affecting the market rather than factors that can affect it. Thus the price quoted reflects all the factors that have influenced it. Only market generated facts and figures are taken into account and factors like fear, hope, expectations or other changes are not considered. Thus the analysis is generally based on these suppositions:

• Price reflects all actual market movements. That means price includes everything known to the market like supply and demand of foreign exchange, political factors, trade agreements etc. It is not concerned with what resulted in change rather deals with actual changes. It works on the assumption that price can take only one of the three directions:

 Upward

 downward

 sideward

• It rest on those market patterns that have been identified as significant. That means those factors which are repetitive in nature or will produce desired results.

• History always repeats itself as human psychology changes very slowly with time. That is market movements are predictable.

VARIOUS TECHNICAL INDICATORS ARE:

1. RELATIVE STRENGTH INDEX:

It takes into account the ratio of upward and downward movements in index and expresses it in the range of zero to hundred.

2.CHARTS:

Charts include various hills, slopes, curves that develop on a chart over a time and reflect some major and minor changes in pattern. Some of the chart formations include:

• TRIANGLE

• RECTANGLE

• HEAD AND SHOULDERS

• DOUBLE TOP AND BOTTOM

• SAUCERS

• V

3.GAPS:

A gap represents area on a bar chart where no trading took place.

• UPGAP: it is formed when the lowest price on a particular day is more than the highest price of previous day.

• DOWNGAP: it is formed when highest price of a certain day is less than the lowest price on previous day.

NUMBERS:

Various number theories are used in technical analysis like:

• Fibonacci theory

• GANN

STOCHASTIC OSCILLATOR:

This indicates the overbought or/and undersold condition. It uses a scale of zero to hundred percent.

FUNDAMENTAL ANALYSIS:

It is the one where current economic, political, financial situation of the country of currency is studied. A country’s economical and political condition depends upon many factors like the interest rate, unemployment level, exports and imports, per capita income, percentage of population living above and below the poverty line, inflation, trade relations with other countries, tax policies etc.

A fundamental analyst studies and evaluates all these factors before coming to any decision. Thus it helps in long tem decision making and making profits in short term by extra ordinary developments.

Some of the indicators that help in fundamental analysis include:

1. GROSS DOMESTIC PRODUCT:

It reflects total market value of all the goods and services produced in a country during a given year.

2. RETAIL SALES:

This reflects total receipts by all the retail stores in a country.

3. CONSUMER PRICE INDEX:

It reflects change in prices of consumer goods.

4. BUSINESS CYCLE:

It reflects various phases through which a business passes. These phases include:

• EXPANSION

• PEAK

• RECESSION

• DEPRESSION

5. MONETRY POLICY:

It controls the supply of money in an economy.

Trading successfully needs knowledge, time and understanding of a market. You cannot earn continuously in a Forex market due to its volatile nature. Thus as a trader you should try to consider both technical and fundamental strategies of forex trading and make decision based on market expectations and trends. Try trading with money that you can afford to loose without any regrets. Trade with logic and if you are not sure quit and take rest for some time.