When trading in Forex market it is better if you chose a certain time frame of a Forex graph and trade according to it only. Professional traders use the time frames of 4 hours, 24 hours or 1 week. There are certain benefits and disadvantages of the high time frames. The bigger is your time frame, the more funds you have to deposit to your trading account because each trading position needs higher margin. But at the same time you have a chance to make higher profits due to the higher trading volume. The market‘s behavior is more stable for higher time frames and less spontaneous but it may take you few days to find a good opportunity to enter the market. In this article we would like to reveal a strategy of trading in 4 hours time frame using the candle stick graphs that can be found at any broker.

Be prepared that trading with 4 hours candle stick charts requires much patience and time. It may take you much time to find a good chance to enter the market and also from 12 hours to 5 days to stay in the market. This technique is based on the trends that sometimes appear in the Forex market. Trend provides traders with a great opportunity to make a lot of pips as a trend may last as long as up to 300-500 pips depending on what time frame you a trading. The goal is to enter the market in the beginning of the trend and leave it in the end of the trend. Following this strategy a trader must check the market and his open trades every 4 hours after the last candle in the 4 hours chart is completed. As we have 24 hours a day, so during a day you have to visit your trades or check the market for a specific signal 6 times disregarding on the day or night.

Upon analyzing the market it is recommended to check the prices for the certain currency pairs for 4-5 days back on a 4 hours candle stick chart in order to see if there were some trends before or there is a chance for a potentially good downward or upward trend coming. The choice of opening or closing a trading order may be done only every four hours when the last candle is finished and a new one has begun.

If you notice that the last three candles show that the market is going up, this is a good signal to open a buy position. If at least 2 last candles go down, this is a signal for a potential downward trend and you can place a sell position. In order to minimize possible losses you can use such orders as take profit and stop loss. You can place a take profit order after 120 points in case if the prices between the opening and closing of the market did not surpass 80 pips for the last 5 trading days. If the rates surpassed 80 pips for the last 5 days, you can set up the take profit order on 240 points.

- About the Author: Daniel Shaw has many years of experience in online Forex trading. Visit his site Trading in Singapore to learn more about Singapore Trading.   Article Source

A casual perusal of the e-mini day trading courses available will leave a potential new trader with sticker shock. It is not unusual to see courses that are priced at $5000 or more. By any measure, this is a high-end purchase for most individuals. Of course, the question is a simple one, why are day trading courses so expensive?

Many trading systems are proprietary in nature and the owners of the system feel obligated to protect the systems and technologies they have developed. As courses become more popular, either through effective marketing or word-of-mouth success stories, the owners of the trading systems are able to command a greater price for their products. Some traders have developed a very recognizable brand name and this allows them to charge a premium price for the product they have developed.

The question a potential new trader must ask himself is whether the value of the course is equal to the premium price the owner of the course is charging. This is a very difficult evaluation to make, as no breakthrough technologies in e-mini day trading have emerged. The fact of the matter is startling; most trading educators use a similar set of oscillators and price movement analysis to determine potential trades. Granted, new oscillators have appeared in recent years, though none have provided that “Eureka” moment many traders are looking for.

Quite simply, trading is a learned skill and learning to recognize potential setups is gained through experience and a basic understanding of the technologies and setups that can result in potentially profitable trades. Needless to say, some trading systems are better than others. But most time-tested trading systems have been around for quite some time and employ similar trading techniques. Oscillators, duel time frame analysis, channel analysis, price movement analysis… these are all common to nearly every trading system currently on the market. I will admit that some trading educators deploy and utilize the information gleaned from charts and indicators and a more effective fashion than others, but there is a striking similarity between most systems on the market.

One common question trading educators are asked is to post their success record for evaluation. I am in sympathy with most trading educators and being hesitant to disclose this sort of information because potential traders enter trading with a very different skill set. One trader may be very adept at identifying and visualizing a range of indicators and price movements in a very effective manner. On the other hand, there are those students who struggle with these sorts of abstractions and have a very difficult time succeeding. In short, all potential traders are not created equal. Some new traders assimilate information very quickly and translate that assimilation into trading success, while others are slower at learning the information and implementing it, and still others are unable to trade effectively under any circumstances.

In short, the price you pay for an e-mini day trading course is directly related to the value a potential investor perceives in the system being promoted. If I were in the market to purchase an e-mini day trading system I would shy away from advertisements claiming bombastic and incredible rates of return. As most seasoned traders know, the e-mini day trading business is not a get rich quick proposition. The real chance of earning 1000% on your money in the first month of trading is remote, at best.

It is not unfair question to ask a trading educator what his or her success rate with students who continue in the trading business might be. Many studies have pegged the failure rate for new traders at nearly 90%. There are many reasons for this, and an explanation for this failure rate is a topic for another article. In my opinion, any success rate near 50% would be a good indicator that the course is reputable.

Still, why the high price for the e-mini day trading courses?

Whether it is brand recognition, celebrity status of the trader, or word-of-mouth recommendation from other traders, most trading educators are going to charge as much as the market will bear. In other words, if trading educators can consistently sell courses in the $5000 range; they will do just that. It is up to the potential student to gauge the value of a trading course and evaluate its potential benefits relative to their current financial situation.

Personally, I feel most trading courses are grossly overpriced for the value they deliver. But I am a longtime trader, and my opinion may be biased as I have seen many of the systems in various shapes and forms throughout the last 25 years. The truth be known, not much has changed in trading in the last 25 years. Yes, some fads in trading have come and gone as the market changes in personality, but most courses employ similar technologies and techniques to achieve their end.

- About the Author: Sign up for our free daily e-mini instructional videos and get a feel for the method and techniques the E-mini Trading Professor employs. The videos are free and there is no obligation so click here and start learning immediately. You can learn to day trade emini contracts at an affordable price using time-tested techniques that give potential traders an excellent chance for success. Article Source

The winning traders are not ones who have never lost. To be a winner in trading game, you have to think in terms of long run. Hence, if you want to be one of winners, you have to find trading methods that work over the long run what is known in gambling as an edge.

By thinking in terms of long run, one question that you ask yourself is “What happens if I keep doing this?” If there is more chance to win the game, it is a positive expectation game while the negative expectation is vice versa. The negative expectation game is the one that you have more chance to lose.An edge refers to one’s systematic advantage over an opponent. Without an edge in games of chance, you will lose money in long run.

So, what about your trading? Consider your trading method, what happens if you keep using it? If it will give you profits over long run. That means you are trading with an edge.

To find your trading edge, you need to locate entry points where give you greater than normal probability that market will move in the same direction with your trades and within your desired time frame. Besides entry strategy, as I have always mentioned that good trades also comprise of exit strategy. Therefore you have to pair the designed entry with an exit strategy in order to maximize your edge.

Entry strategy must be paired with appropriated exit strategy. Thus, trend-following entry strategies can be paired with many different types of trend-following exit strategies. Also, swing trading entries can be paired with many different types of swing exit strategies and so on.

Elements of an Edge

To get more understanding of an edge, let’s dig further into the components that make up the edge for a trading system. The following are the elements of an edge described by Curtis M. Faith in his book “Way of the Turtle“.

Portfolio selection: The algorithms that select which markets are valid for trading on any specific day

Entry signals: The algorithms that determine when to buy or sell to enter a trade

Exit signals: The algorithms that determine when to buy or sell to exit a trade

It is possible for an entry signal to have an edge that is significant for the short term but not for the medium term or long term. So, find the signals that give you an edge to your trading styles, personality and money management.

- About the Author: Taro is an experience trader who trades in stocks, futures, forex. He strongly focuses on technical analysis, trading systems and money management. If you would like to find more articles on MetaStock Tutorials, MetaStock Formulas, Trading Systems and Money Management. Please go to MetaStock Trading System. You would also find the recommended trading books, DVDs, software and tools at MetaStock Trading Store. Article Source

The Dow pushed up through the 618% at 10,165/72 therefore that took out the Elliott wave structure downwards for the time being, but it has not taken out the terminal high of 10,408, indeed technically the Elliott count down is still in play, this is major to realize ahead jumping the gun and exiting or going long, the news that pushed the market overnight will be disregarded tomorrow.

Firstly, we need to see if resistance becomes support at 10,300, there are markets on their supports in Australia mainly, the Materials sector, as it is above the MediumLevel 11,500, in line with US BHP above 65 and local BHP above 38, the banks on the other hand are not supported they are facing resistance, the Dow is on 10,000 which is support, we have been anticipating a break there, the same with the XJO on 4300 support (Group1)

Gold is not on sustained, sure it has rallied and might shatter from 1200 or push to 1230 if the Dow pushes to 10600, however for now it is under 1200.

Forex, the AUD will push higher leading stock, whenever the DXY breaks done 82, it places it into a bigger bearish picture toward 80 and the Euro above 1.30 this would change the wave counts there, it hasn’t occurred as yet and we require seeing this played out

It would be tempting to chase the resource today, if so keep it tight and understand Copper is creating the first high above the level TL3 and will retest it, so expect a likely pull back and crude touching on 80 will meet with a reaction, I saying don’t get trapped, play a shorter time frame.

The ASX200 XJO is finding support at 4400 however it starts running into supply and resistance at 4500, the 618% retrenchment is around 4700 and the 50% retrenchment at 4600, so there is resistance all above 4500, so whatever happens at 4500 will set the scene for the next trend. There are a variety of things that can happen, firstly, it is likely to react to some degree, either failing at this level or gathering itself after the reaction and climbing above creating the first high above the level then retesting the level for support, but normally the first high above the level is the top of the last trend, so from here a larger pattern would unfold across 4500, eventually finding support if this is the case we would be trading long from here, the other point on the local markets is that stocks are current oversold and without the fear of the US to hold then down they will move up quickly, so we also need a trading plan for that.

In a nutshell the resistances for the Dow at 10,500 and the ASX200 at 4500 are the key points for the week ahead. Whenever these levels become support then we can await higher moves, these events when they come will take time to evolve we will be discussing the finer details of this possible ness if it unfolds.

- About the Author: TradingLounge™.com.au and the TradingLevels™ Analysis Service have been developed by Peter Mathers to meet a growing demand for accessible, sensible education and his TradingLevels™-based analysis. Delivering high quality analysis and trades recommendations for shares, CFDs, cfd technical chart analysis, indices, commodity, the TradingLounge™ has been in strong demand growing from strength to strength. Peter is author of “Trading CFDs in Today’s Markets“. If you want to know more about trading analysis, click here. Article Source

What to look in a Stock for Intraday Trading ?

1. High volume , high liquidity.

2. Hot & Happening sector.

3. Trending market.

4. Make sure that at whatever price you are entering in a stock, the move is not over already. I mean the stock has steam in it.

Keeping all these things in mind look for stocks which fall under these basic rules. Now calculate Stop Loss (SL), Target (TG) and do basic technical analysis (like support, resistance, overbought, oversold e.t.c)

Learn the technical analysis of the charts for intraday or swing purposes check the tips given by advertisers on various sites like valuenotes.com, icicidirect etc. counter check them with your studies and then take the decision. Do not work on tips untill you yourself have studied and analyzed them. It is good to select stocks for intraday for the sectors you have already picked up or traded before. All you need to do is refine them on your own study. If you do not find them good based on your study just reject them. Also try to analyse the point where the tips goes strongly right and at that point try to note what cnditions met for that movement. It will enhance you skill.

The major problem which most of the people encounter is that they are able to find high volume stocks and can apply macd,rsi,SSO,EMA cross over etc. to it, but they are not able to find stop loss and target because finding it in a normal way takes lot of time and in that time, many time trend will be over. So, here are some other methods for you.

Methods to Find Stop Loss and Target

I suggest you to regularly use the stop loss for whatever time frame you trade, the reason being that the indian market is very much volatile indeed the most volatile market where we dont know when the major reversal can occur and all your indicators can go wrong.

In my opinion you should keep the stoploss based upon you entry point + the total Percentage of your amount you can afford to loose in one trade.

1. The simplest method for Stop Loss in my opinion is to keep the trigger at 2-3 points below the last low or above the last high. According to MACD RSI OR STOCHASTIC you can place the stoploss at 2-3 points below the lowest or above the highest candle.

2. Choosing the risk is totally dependent upon you. Some Afford total risk of 1 % on their trade or some even 2-3 Percent. Depends from personality to personality.

But make sure that either the setup is good enough that Stop Losses are not hit frequently or better you keep Stop Loss much below i.e take higher risk only if the setup is not too good.

Now about the Target: what ever setups you create may it be stochastics, rsi or macd has it own exit strategy and that too on right point. The reason you are not getting much profit is because you havent mastered the strategy. Try to understand the working of these indicators and you will behave automatically on when to exit from trade and when to not.

So, this was an small effort from me for intraday traders to make them understand “How to find Stocks for Intraday Trading”. You can also read my article on “How to Start Intraday Trading“.

- About the Author: CapitalVia Global Research Limited is Best Stocks and Commodity investment Advisory company in India. It provides recommendations or tips to invest in National Stock Exchange (NSE), Multi Commodity Exchange (MCX), National Commodities Exchange of India (NCDEX) etc. Copyright © 2010 CapitalVia Global Research Limited. All Rights Reserved. Reprint of this article is allowed as long as due credit is given to the author and links are left intact. Article Source

By now you have probably heard about The Forex Revolution. If not, a quick recap, they are a group of developers and traders coming together to create the most profitable forex robots. Until now they have been offering one forex robot known as Revobot-1.

It has been performing very well for the past month.

==> Visit official Forex Revolution Website

Since their launch they have been working diligently to unveil a new scalper that is explosive. Well, the time has come and The Forex Revolution is ready again to release a new robot. Join now and you will get Revobot-1, the new Revobot-2, and become part of the team!

==> Visit official Forex Revolution Website

This is not a normal robot release, the developers want you and other members to help them perfect this robot and bring it under control.

What does that mean? The robot can be used on any currency pair and any time frame. They want user feedback on how it trades and then want to perfect it using all the user data to complete a forex scalping beast for every Forex Revolution member.

The Forex Revolution is a powerful money making trio:

1. The Revolution Robots

At its core is a revolutionary set of ultra high profit forex robots developed and tested by crowd sourcing.

2. The Revolution Crowd

Based around these robots is a community of traders tweaking and developing the robots and the settings live, on the go. To make more money, in more market conditions.

There is no such thing as a one size fits all forex robot. Without The Revolution Crowd and Community the revolution will not succeed - it is the key.

3. The Revolution Team

A support network of developers, strategists and traders. They have built a team ready to modify, update and improve the robots as the Revolution evolves. They can adapt to the market in seconds, ensuring that the community continues to trade profitably through thick and thin, for years to come.

Advantages of The Forex Revolution

- About the Author: Rob Trader – Forex Expert http://tradingtoollist.co.cc/ Article Source

Today was a mixed day on Wall Street with the DOW finishing the dat at 9,913.16 up 96.67 or .98%. The Nasdaq finish lower amid weak Tech stocks, finishing the day at 2,165.73 down 8.17 points of .38 points. Finally, S&P closed up 8.94 or .85% finishing at 1,059.41.

Gold continued to be investor’s weapon of choice breaking an all time high of $1,254.50. Currently, Gold is trading at 1,235.80 selling off 3.50 points or .28%. Oil rallied slightly trading at up .63 or .88% at $72.07. The Euro closed at 1.1946 against the dollar.

Arguments whether the U.S. economy is undergoing a double dip recession continue with Ben Bernake stating that he does not think we will be experiencing one. As noted in our morning outlook post, the public is very focused on the unemployment level which will not be driven down anytime soon by rapid economic growth. Projected time frame for a full recovery is anywhere from five to ten years.

On the other side of the coin it was reported today that lumber prices are sinking. If this is an indication that the overall price of goods has begun to fall, it could be a tip that deflation is occurring, causing business to cut back production and lay off workers, which then pushes the economy further into a hole as consumers have less expendable income overall. This cycle, should it occur, could confirm the suspicions of those who are calling for a double dip recession.

JP Morgan is under heavy scrutiny after reporting heavy losses on coal-price bets. JP Morgan was attempting to exploit cheaper prices in South Africa in shipping to Europe. The discount later narrowed as demand increased in Europe and JPM was caught holding the ball. Although this story has not been confirmed by JP Morgan, many are using this as yet another example to further regulate the activities of banks.

In world news, China’s workers are beginning to stand up for themselves, successfully demanding higher wages and working conditions from the governments. A company that supplies Honda Motors with exhaust pipes experienced a worker’s strike today. This is only the first domino to fall in a series of many, the Chinese culture is collectivist, and those acting in large groups will influence countless others. A lshift in the power of the Chinese government is approaching as well as an increase in the worldwide price of imports in the upcoming months.

Finally, the U.N. has geared up to approve trade sanctions against Iran in response to President Ahmadinejad’s refusal to stand down concerning nuclear weaponry. The country insists that it’s nuclear weapons purpose is for civilian use only.  

  For WMM Indices, our Micro Cap Index closed down 15.5 points or 1.8% and was lead by Empire Resorts (NYNY) and Rexahn Pharmaceuticals, Inc. (RNN)   Our Nano cap index closed down 8.4 points or .88 points lead by Cereplast, (CERP) and GTX Corp (GTXO)

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1767/post/market-wrap-up

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.     Article Source