Recommendation Of Forex Trading at Nobullshit Network Forum

MASTERTRADE112 · 07-18-2008, 03:03 PM

RECOMMENDATION OF FOREX TRADING

Hi !

For you who need trading recommendation or possibly you are perplexed where to start for forex trading, or maybe you are new in this field. I will give recommendation for you for free. This recommendation would not be just for show or because i want to deceive you. It gives no benefits for me. I always make my recommendation with my own method and system of trading.

My Method :
I would ignore fundamental analysis and i always focus on technical analysis. I am purely a technician. In addition to emphasize principle of simplicity, i am expert at technical analysis.

Indicator :
My technical method is slightly different from the technical method in general which commonly uses trend following indicator, oscillator and miscellaneous indicator. Basically i only use 2 indicators : leading indicator and lagging indicator. For leading indicator i use Parabolic SAR, whereas for lagging indicator i use zig zag. Again i would emphasize principal of simplicity in trading, because simplicity is the key. The more you put, many elements of indicator involved in your trading. The easier it will under go breakdown system. Because many indicators will contradict each other more frequently.

I also use oscillator “William percent’s range” but only once in order to confirm a trade or to find out if there was a “failure swing”. However i don’t use it to look for overbought and oversold level.

Timeframe
Before conducting trading, usually i will find out where weekly outlook will lead to, then daily out look, 4 hours and the last is 1 hour.

In the event that daily and weekly outlook are in the same direction therefore i will follow up such a currency. If not i will ignore it. I’m very selective in choosing my position.

Other Technical Tools
Other technical tools I use are classical technical tools, such as : resistance, support and trend line. However I operate them in a different way. I determine the resistance or support from the points made by the zig zag of the previous data.

I also use standard deviation channel to identify trend reversal.

Trading System
I design my trading system myself and I follow it in order to control my emotion in trading.

Recommendation
My recommendation requires immediate notice so I may not do posting to my recommendation in this forum. For the purpose for my trader partners who want to try it may invite me in my yahoo messenger, in mastertrade112@yahoo.com.

I analyze market everyday from 06.00 AM until 00.00 PM ( Bangkok, Jakarta, Indonesia time ). I don’t open many positions everyday. Usually I limit up to four positions per day. So my trader partners should be patient to wait for my recommendation. I will send the information concerning recommendation later via my yahoo messenger.

I will inform my trading position, position level, target limit level, stop loss level. I will also inform the update of my position. For instance, in case of change of my limit level and stop loss level. Or if I want to close my position, either to close profit position or loss position.

In making decision of my trading I make my own system. I don’t use robot trading or automatic system or the like. Trading requires judgment and assessment and there is no fixed formula which can settle all problems.

You may make your own decision but to convince you, you may try first my recommendation in acc demo. When you feel satisfied , then you may try it in real acc. If you feel suspicious and skeptical , I can understand. But I suggest that you should try to prove it yourself.

Yours sincerely,

Master Trade

My Trade Record or Performance may be seen in :
FXTrick :: Maximize Your Profit - MasterTrade112
Friendster - Master Trade112

jazzz · 11-21-2008, 10:56 AM

Hi there
Here are my forex recommendations

USD - The U.S. dollar fell against the euro, speculation that the Federal Reserve will cut interest rates and flood the financial system with cash in a recession leads to falling prices. Yesterday EURUSD opened and closed at 1.2447 to 1.2496 after a stormy day in this pair that was high in the low 1.2577 and 1.2443. At the beginning of today's session is getting stronger euro against the U.S. dollar.

Euros - the EURUSD struggling almost all day to get some gain, but as the markets were heading towards the close of the session in the U.S., the EUR began to move lower. At the close, the EUR fell limited to 30 pips. The downward movement was probably limited because the euro is slightly above support the important area of negotiation, which holds the pair of any novelty.

GBP - The GBPUSD closed the trading day, shedding a little over 200 pips. Unlike other major currencies, the pound began to fall early in the European session. If there were a few drops of pips GBP, he would test the 1.46 over the area, which is low for the current year. In the Asian session, the pound traded remained virtually stagnant.

The CAD - CADUSD tumbled in the U.S. in yesterday's session, although in previous sessions of the pair had barely moved. At the end of the day, the pair gained 420 pips, running out at the close. In the Asian session, the CAD received a very small number of pips.

JPY - The Bank of Japan kept interest rates at 0.30% as you expect. The session JPY fell today against the U.S. dollar and the euro a rebound in Asian equities rekindled demand for higher, causing assets financed with loans in Japan The JPY still headed for a third weekly gain against the U.S. dollar and the American Legislators took action on an emergency request by automakers in the country, stimulating a reduction in call traffic carriers.

AUD, NZD - The Reserve Bank of Australia bought its own currency, at least the fifth time in four weeks. The AUD has become stronger against the JPY today, after yesterday's session and trade on this pair began and ended at 61.07 to 57.38. The AUD NZD headed for a second weekly decline after the fall in stocks of EUgerando a 11-years low, leading investors to sell more high-rise assets. The two currencies ahead of their loss as the regional stock challenged the Reserve Bank of Australia that bought the Australian dollar as it touched a five-year low against the dollar. The NZD touched the lowest level since 2001 against the JPY and was traded along with a six-year low against the U.S. dollar.

Regards

jazzz · 12-23-2008, 11:29 AM

Hi there,

There are some simple tips for Forex trading:

1. Simple Odds Based Forex Trading System
2. Discipline in the Face of Emotion.
3. Select your broker smartly.
4. Get simple method you understand.
5. Trade the big trends not trade frequently
6. Work smart not hard

Regards