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Digg it UP - Forex Secret - Specificities In The Intra-Day Work At Forex
Every entrepreneur should have a business mentor—someone who’s been through everything that they’re going through and can share their wisdom. Whether he knows it or not, my business mentor is none other than former Enron Executive Ken Lay. For many, he might not make the most obvious choice of a mentor, with his track record of lying, cheating, and stealing his way to success, but that is precisely why this choice is so appealing to me.As his first duty as my business mentor, Ken (Mr. Lay to the rest of you) can grow my social network. This guy knows everybody—likely because he’s paid most of them off at one point or another. He can introduce me to people who will come in handy when I need to get out of felony conspiracy charges. This is just one of the many valuable aspects of our business mentoring relationship.I can trust Ken to be my business mentor, because he knows that if he makes one false move the government will be on him like white on rice. Much like the old saying that the safest time to fly is the day after a crash, I feel like the safest day to have Ken as my business mentor is right after a huge financial scandal that covers the television, newspaper and radio waves for years, and gets used as water cooler fodder even now.Furthermore, he’ll be my business mentor for free—unlike many online services that try to charge for business mentoring services, Ken just got away with the biggest scandal in business history. Thus, he doesn’t really need my money, because we all know that he has a few million stashed in a bank somewhere overseas. I get a free business mentor, and he gets to pretend that he’s still somebody special—it’s a true symbiotic relationship.But, one of the most important reasons that I choose Ken as my business mentor: he’s already made every mistake in the book, so I can utilize his expertise in steering me away from potential business disasters—like billion-dol
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work
So you want make a fortune through affiliate or internet marketing and you want to increase your profits or start making a profit? These 5 tips will help you make a fortune through affiliate marketing.1. Learn how to use and beat Google Adwords – Using Google Adwords is a great way to get exposure for your business and make a ton of money. If you are currently using Google adwords you need to purchase the e-book “Beating Adwords” by the Wealthy Affiliates.2. Learn how to write proper ad copy – You must write an ad that will meet the basic need of the consumer and they will choose to purchase from you instead of your competition.3. Research, Research, Research – I can’t stress this one enough. In order to be successful you will need to know what people are looking for and meet those needs. My suggestion would be to purchase a keyword tool that will show you the top searches over the last month4. Use free resources – Some good examples of free resources are to write articles for an article directory, start a blog, or place an ad on usfreeads.com. It’s a really cheap way to advertise your business and get on the first page of Google’s search results.5. Create a review site – If you have experience with a product you can create a website and talk about your experience. You will need to place your affiliate link on your site so that visitors can click on your link and purchase that product and you get credit for the sale.
· the intra-session trend;
· the weekly trend;
· the trend of duration of several weeks;
· the trend of duration of several months.
A zigzag-like movement of any currency pair at Forex consists of various combinations of such trends. A smaller trend makes an integral component of a bigger trend (either the trend wave, or, on the contrary, the retracement (correction) of a longer trend towards the opposite direction).
What any trader wants to know about Forex.
An individual is interested in knowing the correlation at least between the first (and shortest) trends at the beginning of the trade but not at the end of it. That is, one wants to learn the clear and simple rules, according which it would be possible to regularly open deals quietly and work within the intra-session trend with confidence. In addition, one is interested in understanding of the correlation at least between the intra-session and weekly trends.
Our aim is to gain but not to lose. One must keep cool. It is of no use to spend your nerves and health. Even if the currency has moved in “the wrong direction” by 15 points, it will return in a moment. Anyway, the only direction where the currency can go is that towards which you have opened the deal. The problem is just of being too late for entering the deal. As regards the given situation, the recommendations are the following:
a). If there are no signs of reversal in the currency pair movement, you must open the deal once more after the recoil (rollback).
b). If there are signs of the reversal (the preceding movement was the false breakout), at first you should open one deal towards the opposite direction. You get into the lock, where the quantity of damages, being fixed (stipulated), does not increase (in Masterforex Training Academy one can get a special course of training to the technique of making the lock). Further, you add deals towards the direction of the currency pair movement in the given session. First of all, you compensate your damages and then you gain profit. Under the condition of false breakouts of the levels of resistance/support, the margin of the currency pair movement is always larger than in the case of the level true breakout. That is, the trader can gain higher profits.
What a trader who follows (sticks to) these rules must see:
a). faultless levels of resistance and support with respect to each of ally currency pairs. (very often they are not those mentioned in sites by “respectable” analysts (but not traders));
b). clear criteria of the true and false breakout of these levels and the intra-session trend beginning;
c). the synchronous (or non synchronous) character of the ally currency pair group movement;
d). the time, velocity and type (manner) of the currency pair movement;
e). the next level (the intermediate goal), to which the currency pair is tending;
f). the reserve (margin) of the currency pair movement for the trading session;
g). the point of the intra-session trend end (surely, one must know the clear criteria of the movement finish; when such signs appear, one must fix (register) one’s profits);
h). the point that confirms the beginning of the intra-session trend retracement; at this point one can also work with the correction against the trend at the super- short distances - in particular, you can make the lock narrower if you have got into this lock at the trading session beginning.
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work
You want to get online but you don't want to jeopardize your family's welfare. You want to be very sure what you can make online is big enough to warrant a full-time investment.That's a wise decision. You can start out and start seeing good results in either six months, one year or two. It all depends on how much time and money you invest plus the model you decide to start with.My first income online was at Clickbank. I made $238 in three days. However, I spent about the same amount on pay per clicks. I earned money but I did not make a profit.That's not what you want. You don't want to start out with an amount that yields nothing or so little that your time is totally wasted.So what do you do?First, cut down on TV time. Believe me, it will enable you study materials that will ensure you do not waste your money on money spinners that are everything but those.Make a budget based on your study and what you intend to achieve in a given time. The formula for internet success is . . .Skill x Money x TimeYou can't omit any without drastic consequences. However, you can buy any with the other (that's an issue for another write up).What you intend to achieve will determine what you must commit. And, please, don't fall for those lies: If you must make money online you must work or make your money work for you or both.
Our aim is to gain but not to lose. One must keep cool. It is of no use to spend your nerves and health. Even if the currency has moved in “the wrong direction” by 15 points, it will return in a moment. Anyway, the only direction where the currency can go is that towards which you have opened the deal. The problem is just of being too late for entering the deal. As regards the given situation, the recommendations are the following:
a). If there are no signs of reversal in the currency pair movement, you must open the deal once more after the recoil (rollback).
b). If there are signs of the reversal (the preceding movement was the false breakout), at first you should open one deal towards the opposite direction. You get into the lock, where the quantity of damages, being fixed (stipulated), does not increase (in Masterforex Training Academy one can get a special course of training to the technique of making the lock). Further, you add deals towards the direction of the currency pair movement in the given session. First of all, you compensate your damages and then you gain profit. Under the condition of false breakouts of the levels of resistance/support, the margin of the currency pair movement is always larger than in the case of the level true breakout. That is, the trader can gain higher profits.
What a trader who follows (sticks to) these rules must see:
a). faultless levels of resistance and support with respect to each of ally currency pairs. (very often they are not those mentioned in sites by “respectable” analysts (but not traders));
b). clear criteria of the true and false breakout of these levels and the intra-session trend beginning;
c). the synchronous (or non synchronous) character of the ally currency pair group movement;
d). the time, velocity and type (manner) of the currency pair movement;
e). the next level (the intermediate goal), to which the currency pair is tending;
f). the reserve (margin) of the currency pair movement for the trading session;
g). the point of the intra-session trend end (surely, one must know the clear criteria of the movement finish; when such signs appear, one must fix (register) one’s profits);
h). the point that confirms the beginning of the intra-session trend retracement; at this point one can also work with the correction against the trend at the super- short distances - in particular, you can make the lock narrower if you have got into this lock at the trading session beginning.
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work
The most common form of eye protection is safety glasses. I have always hated wearing safety glasses myself. I notice that people who have well fitted prescription safety glasses tend to wear theirs without compliant. I think that is because they can see better with their glasses on than with them off. I am the opposite however. I can see better without my safety glasses so I hate wearing them.So how do you protect the eyes of people like me who are going to avoid wearing their safety glasses if they can get away with it?First you can work to eliminate the hazards. Why do you allow things that could potentially damage someone’s eye to be flying around in the first place. Look to engineering solutions to change your process so that potential hazards are eliminated.Also look at your work procedures. Is there another way of doing this tasks that eliminates the exposure to potential eye injury?If the source of the danger cannot be eliminated, look into ways to effectively guard the exposure. There are many ways to create see through guards and covers that would protect the employees for flying particles. The usual problem with these is that they get obscured with dirt and scratches and the vision through the guard is reduced until it becomes ineffective.Using modern materials and self cleaning systems, vision through the guards can be maintained. You just have to use some creativity. A good strong preventive maintenance program helps too.If chemical exposure is a problem look into using alternate chemical that are not eye irritants. Safety glasses actually provide very little protection to chemical splashes. If you are trying to protect employees from chemical hazards, fitted goggles or face shields are much more effective.Of course eye wash stations cannot be overlooked in any situation where eye irritants are in the workplace. Eyewash station must be easi
What a trader who follows (sticks to) these rules must see:
a). faultless levels of resistance and support with respect to each of ally currency pairs. (very often they are not those mentioned in sites by “respectable” analysts (but not traders));
b). clear criteria of the true and false breakout of these levels and the intra-session trend beginning;
c). the synchronous (or non synchronous) character of the ally currency pair group movement;
d). the time, velocity and type (manner) of the currency pair movement;
e). the next level (the intermediate goal), to which the currency pair is tending;
f). the reserve (margin) of the currency pair movement for the trading session;
g). the point of the intra-session trend end (surely, one must know the clear criteria of the movement finish; when such signs appear, one must fix (register) one’s profits);
h). the point that confirms the beginning of the intra-session trend retracement; at this point one can also work with the correction against the trend at the super- short distances - in particular, you can make the lock narrower if you have got into this lock at the trading session beginning.
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work
Although it may not be a term you're familiar with, the term FICO can be a determining factor as to whether or not you qualify for a credit or loan. But what is FICO, and how does it affect you when it comes to your creditworthiness?The acronym FICO actually stands for Fair Isaac Company, which was the company that originally created a mathematical model for the credit reporting company Experian. FICO was designed as a tool that could be used by creditors to evaluate the potential risks involved in lending money to consumers. In reality, there are other similar models that have been developed by other credit bureaus, but all of their results are referred to by the industry as FICO scores.FICO scores are calculated by examining the answers to a number questions, based on the information in your credit and on your income-to-debt ratio. The answers to each question carry a certain number of points, and when all the answers are added up, that number represents your FICO score.Your FICO score will depend upon such things as how long you've lived at your current address, what your job is, your income-to-debt ratio, how often you've been late on payments, how much debt you currently have, the amount of credit you're using already, and the length of time you've had your credit established.The most heavily weighted factors in determining your FICO score will be the current balances on your credit cards, having either too few or too many revolving accounts, the number of accounts you have that carry balances, how many accounts you've opened over the past twelve months, the length of time you've had your accounts, your past due accounts, and the number of credit inquiries that have been made in your behalf.A good FICO score would be at least 650. If your score is 620 or less, you'll be considered a risky candidate for a loan or credit card by potential creditors. A score between 620 and 650 w
c). the synchronous (or non synchronous) character of the ally currency pair group movement;
d). the time, velocity and type (manner) of the currency pair movement;
e). the next level (the intermediate goal), to which the currency pair is tending;
f). the reserve (margin) of the currency pair movement for the trading session;
g). the point of the intra-session trend end (surely, one must know the clear criteria of the movement finish; when such signs appear, one must fix (register) one’s profits);
h). the point that confirms the beginning of the intra-session trend retracement; at this point one can also work with the correction against the trend at the super- short distances - in particular, you can make the lock narrower if you have got into this lock at the trading session beginning.
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work
One of VA's projects is to provide a $100 million dollar budget to develop a transitional housing. The housing project is for homeless veterans, and is to include supportive services for them. Loans are then given out in aid of the communities that have the great need for housing.The VA loan program is composed of two stages. Stage 1 is the process of assessing the project's feasibility and eligibility. Stage 2 is the process of reviewing credit reports as well as financial information of the sponsor. Sponsors are big companies and financial institutions, including the developers of the housing program.To make things clearer, here is a more detailed illustration of the two stages of the VA loan application processes.1. First, the Department of Veterans Affairs issues out a Notice of Funds Availability. A NOFA is a document containing the announcement, as well as the invitation, of the United States Department of Veterans Affairs to financial institutions for them to guarantee a certain loan, which is a for a multi-family transitional housing loan.2. Then, the Veterans Affairs office accepts each submitted application. This is the actual Stage 1 of the entire process, as stated above. VA receives all the requests and the declaration of interest given by the companies and institutions that are willing to guarantee or sponsor the project.3. The VA approves the projects. After a series of in-house scrutiny, the list of approved institutions is sent out. Along with the approval, VA also issues the conditional commitment that is expected out of the eligible projects submitted. This third step is the last one for the first stage of the application process.4. VA requests for documents. With the companies and institutions whose projects were approved, VA continues on with Stage 2 of the process wherein its office individually inspects the credit standing of the institutions. This tim
According to B. Williams, it is the fifth highest degree of the trader’s qualification. Reaching this stage, the trader is not nervous but he feels satisfaction at his work
The education at Masterforex-V Trading Academy’s closed forum is based on the study of these simple (and therefore reliable) principles and their practical verification (see http://forum.masterforex-v.su/).
The reasons why the majority of traders never reach this fifth highest degree of trading
The reason consists in the classical Forex dogmas, according to which the technical analysis starts at least from daily charts.
In his “The Technical Analysis as a New Science”, T. DeMark writes the following.
1. The daily information is the most accessible; for dozens of years analysts work mainly with daily charts.
2. Making use of daily charts, a trader must not continuously keep an eye on the market intra-day behavior. The trader runs less risks of being trapped because of price corrections. Not at all rare in the intra-day database, such corrections make the real pest of it.
3. There is the probability of making a deal at a price, closest to the value stipulated in the order. This probability increases if the trader uses the market signals, based on the intra-day information.
Here I would like to mention J. Swagger’s rule #44 from his book “The Technical Analysis. Complete Course”. The author claims that intra-day solutions are almost always wrong. He does not recommend to be engaged in the intra-day trade.
Below I submit other rules developed by this “classicist of the technical analysis”.
7. Looking at the chart, you should follow your instinctive impression - especially if you do not mind to what kind of the market this chart relates.
Comment. What about the discipline and following the strict rules?
8. The fact that you have missed a substantial part of the new trend must not keep you away from trading within this trend – as long as you can detect the reasonable point of the damage arrest.
Comments. How must one understand this statement? Seemingly, the author admits uselessness (non operability) of his TRADING SYSTEM.
a) How to detect the reversal point not only within the trading day but in longer trends as well?
b) What does the notion “the reasonable point of the damage arrest” implies?
c) What are the criteria of the trend change?
d) About what kind of trend does one talk - the long-term, intermediate-term or the short-term ones? (We have dwelt on the difference between such trends in the previous chapter).
e) Even a trader-beginner can give a dozen of examples of a situation like this. The stop-loss (“the reasonable point of the damage arrest”) was located at a peak of the short-term trend. Then the currency again rushed along the intermediate-term trend.
14. The newly-formed price models (or the market behavior) can tend towards the direction opposite to your position. In this case, you must immediately go out of any deal – even if stop points are not reached yet. You should ask yourself: “If I need a position at this market, what its direction must be?” If the answer does not coincide with the direction of the real position that you hold, you must close it. Actually, if values of the contrary indices are rather substantial, you reverse the position.
Comments. How to combine (reconcile) this thesis with the words “do not be engaged in the intra-day trading”?
21. Let us suppose that you cannot watch the market during a time interval (maybe you are traveling). Under these conditions, there are two outlets. First, you can liquidate all positions. Otherwise, you must make sure that active stop-orders are placed in all open positions.
No comments. If one can earn money not watching the market, what profits can gain those individuals who sit in front of their monitors during the trading?
31. Do not fix a small quick profit gained at the deals the direction of which coincides with that of the principal trends. In particular, if you are fully confident in the deal, you should not fix the profit in the first day.
Comment. How to detect the principal trend? Which trend is pr
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