FREE FOREX SIGNAL

Free Forex Signal, 30 December 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.00 am GMT

All Pair – Stop loss 35 Pips

EUR/USD
Pivot : 1.4065
Avg. Daily Range : 313 point
BUY at 1.4134 Exit Target 20 pips
SELL at 1.4020 Exit Target 20 pips

GBP/USD
Pivot : 1.4514
Avg.Daily range : 347 point
BUY at 1.4529 Exit Target 25 pips
SELL at 1.4436 Exit Target 25 pips
Note : GBP/USD Stop Loss 40 Pips

USD/JPY
Pivot : 90.38
Avg.Daily range : 125 point
BUY at 90.81 Exit Target 20 pips
SELL at 90.34 Exit Target 20 pips

AUD/USD
Pivot : 0.6882
Avg.Daily range : 136 Point
BUY at 0.6902 Exit Target 20 pips
SELL at 0.6861 Exit Target 20 pips

Free Forex Signal – Click here…; USD/CHF, USD/CAD, GOLD

Tag TAGS ; Free Forex Signal FOREX SIGNAL Forex Signal Indicator

FREE FOREX SIGNAL

Free Forex Signal, 29 December 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 04.30 am GMT

All Pair – Stop loss 35 Pips

EUR/USD
Pivot : 1.4040
Avg. Daily Range : 217 point
BUY at 1.4169 Exit Target 15 pips
SELL at 1.4095 Exit Target 20 pips

GBP/USD
Pivot : 1.4649
Avg.Daily range : 296 point
BUY at 1.4732 Exit Target 25 pips
SELL at 1.4672 Exit Target 25 pips
Note : GBP/ USD Stop Loss 40 PIPS

USD/JPY
Pivot : 90.69
Avg.Daily range : 118 point
BUY at 90.78 Exit Target 15 pips
SELL at 90.48 Exit Target 20 pips

AUD/USD
Pivot : 0.6828
Avg.Daily range : 127 Point
BUY at 0.6881 Exit Target 15 pips
SELL at 0.6830 Exit Target 20 pips

Free Forex Signal – Click here…; USD/CHF, USD/CAD, GOLD


Tag TAGS ; Free Forex Signal FOREX SIGNAL Forex Signal Indicator

Forex Trading system ; Picking Tops and Bottoms

Here is one very nice and accurate trading system that could make your Forex trading entirely about hitting the right spots.
Trading setup:
Time frames: 5, 15, 30 minutes, 1 hour, 3 hour and 1 day – just one chart at the time will be used.
In case you do not have the exact time frames, simply substitute them with the closest ones. For example, 15 min can be changed to 10 min, 3 hour can be changed to 4 hour etc.
20 EMA and 40 EMA on all time frames
ADX 14 for all time frames.
Currency pairs: any.
The idea behind this Forex method is that ADX helps to measure the strength of the trend while 20 EMA acts as a flexible support-resistance line.
Trading rules:
Our first goal is to find the chart with ADX being over 30 mark, which will indicate a strong trend. We start with a daily chart and continue the search moving downwards (3 hour, 1 hour, 30 min, 15 min, 5 min) until we find the chart with ADX being currently over 30.
Note: In case several time frames meet requirements for ADX, we opt for the highest time frame. That's why we start with the highest frame first.
Having chosen the time frame, we are ready to trade the first bounce off of the 20 EMA. We set a limit order close to 20 EMA accordingly: in a downtrend we expect the price to touch 20 EMA from below, then reverse and move down, in an uptrend – from above, reverse and move up.
Always make sure that at the moment of entry you are using the highest time frame with ADX currently over 30. Only then you can expect the price to obey 20 EMA.
That's it.
Initial Stop loss order is placed above (when short) / below (long) the 40 EMA.
Important note: once in the trade stay with the time frame used for entry.
Risks: looking at the charts traders will find that at times the price reverses exactly at 20 EMA, but sometimes it moves even further before making a u-turn. Always be ready to leave some room for the price to make this turn, that's why we suggest using 40 EMA for stops.

Exit rules:
Option 1: Use Bollinger Band with settings (18, 2) for all time frames. Set a profit target at the outside band. Move your profit target as the Band expands or narrows.
Option 2: For traders familiar with Fibonacci tool, profit target can be set to 1.618 expansion level. AB Swing for Fibonacci should be found from the earlier price moves and the actual point of entry should be considered as point C or a retracement.
Option 3: Once the price clearly moves in your favor move the stop below/above (Long/Short trading) the previous price bar. Adjust the stop with each new price bar. Trade until stopped.
Also exit always if ADX goes below 30 on the time frame which was used for entry.
That’s it. Test it and see that it works remarkably well.
P.S. Accuracy of this strategy is quite difficult to backtest/visualize using historical data. If you decide to do so, make sure you do it right and know what time frame should have been chosen for trading at any given time. The easiest way to analyze current strategy performance is by running it in real time.

tag TAG Tag Forex FOREX Trading System INDICATOR

Forex ; the current Trend Line Trading Strategy.

I have been demoing a simple trading strategy for a week (29th September-3rd of October 2008) and achieved almost 200% return on investment in a week with $5000 account and I would like to share it and it would be great to have many involved in testing this strategy out.
I am calling this a Trend Line Trading Strategy and it is based on:
Following the trend.
Heard & read that before a million times? Lol… I cant blame you. But maybe you can learn something extra here.
Do yourself a favour and take a look at a chart and see if you can identify a trend. Is there a main established trend? It is important that you identify the main trend & once that is identified, your trading decisions are based in the direction of the main trend. There are exceptions where you can go against the main trend, but I wont touch on that here. KISS… KEEP IT SIMPLE & SIMPLE.
TIMEFRAMES:
Timeframes suitable for these strategies are the daily, 4h, 1hr, 30mins.
INDICATOR:
I use only 1 Metatrader4 indicator called Swing ZZ(zz for zigzag). It is freely available in the net, just google it and you can download it. Thanks to the programmer who wrote it. This indicator is helpful simply because you can identify previous swing highs and lows which act as resistance & support levels and I think it is a handy tool to use in this strategy.
So lets get started shall we? I call this trendline trading strategy because it involves drawing trend lines using the swing highs and lows of the Swing ZZ indicator.
SHORT ENTRY RULES:
(a) look at the timeframe you wish to use and identify the main trend. Get the big picture first, that is very important. For me, when I want to trade on the hourly chart, I first check the daily chart and also like to see what is happening in the 4hr chart as well to see if I can spot an obvious trend or channel or congestion happening in the daily and the 4hour charts. I stay out if there is congestion until breakout of the congestion happens and a trend is established. I draw trendlines in the daily or on the 4rhly charts chart then switch to the 1hr timeframe. I identify trends in the hourly and draw trendline(s) as well.
(b) I place a sell stop order, at least 5pips below the LOW of the candle that touches or intersects the trendline. The trendline can be the daily, 4hrly or the 1hr trendline. You must place your order when that candle closes. Why 5 pips? I don’t know, 5 seems like a good number to me… I have five fingers on each arm and similarly for the legs, so 5 is a number I was born with… Put 10 pips if you want. Note you must wait for price to approach a trendline or very near to the trendline before you place your sell stop order.
(c) I prefer to place my stop loss at least 5 pips above the most recent swing high. You should set your stop loss according to your money management calculations and risk tolerance.
(d) I set my profit target just WITHIN the level of previous swing low.
(e) Trade management: as trade moves in my favour, I move my stop loss to at least 5 pips ABOVE each lower subsequent peaks (lower swing highs).
LONG ENTRY RULES:
Just do the exact opposite of short entry.
(1) Set your buy stop order 5 pips ABOVE the high of the candle that intersects the trendline when that candle CLOSES.
(2) I set my stop loss just below the recent low.
(3) I place my profit target WITHIN the level of the previous high.
(4) As trade moves in my favour I move stop loss to at least 5 pips just UNDER each higher subsequent higher swing lows that form.
SHORT ENTRY EXAMPLE:
The attached is 4hr USD/JPY chart showing short trades that could have been taken and would have been very profitable using this strategy.

LONG ENTRY EXAMPLE:
Attached is USD/CAD daily chart and possible trade entries are shown to give you a visual understanding of how to identify potential trade setup and take them.

I have tried 1 min timeframe, 5 min timeframe and 15mins but towards the end, have tended more toward using larger timeframes like the 4hr, 1hr & 30min timeframe so that I don’t stay glued to the computer all day long.

---- by ; Myronn / Fx strtgy rvld

Forex ; Neat entry RSI and Full Stochastic

Current strategy has won the hearts of many Forex traders. And why not when it has a great winning potential.
Strategy requirements/setup:
Time frame: daily
Currency pair: any
Trading setup: SMA 150,
RSI (3) with horizontal lines at 80 and 20,
Full Stochastic (6, 3, 3) with horizontal lines at 70 and 30.
Trading rules:
Entry for uptrend: when the price is above 150 SMA look for RSI to plunge below 20. Then look at Stochastic - once the Stochastic lines crossover occur and it is (must be) below 30 - enter Long with a new price bar.
If at least one of the conditions is not met - stay out.
Opposite for downtrend: when the price is below 150 SMA wait for the RSI to go above 80. Then if shortly after you see a Stochastic lines crossover above 70 - enter Short.
Protective stop is placed at the moment of entry and is adjusted to the most recent swing high/low.
Profits are going to be taken next way:
Option 1 - using Stochastic - with the first Stochastic lines cross above 70 (for uptrend) / below 30 (for downtrend).
Option 2 - using a trailing stop - for an uptrend a trailing stop is activated for the first time when Stochastic reaches 70. A trailing stop is placed below the previous bar's lowest price and is moved with each new price bar.

This strategy allows to accurately pin-point good entries with sound money management - risks/protective stops are very tight and potential profits are high.
Current trading strategy can be improved when it comes to defining the best exits. For example, once in trade traders may also try applying Fibonacci studying to the most recent swings. This way they can predict short-term retracements and make sure they will not be pulled out of the trade early and will continue pursuing profit targets at Fibonacci extension levels.

---- by ; Edward revy/Fx strgy rvl -------

Forex ; Trailing Stops

Now that we have taken the necessary precautions to avoid catastrophic losses by using disciplined money management stops, it is appropriate to concentrate on strategies that are designed to accumulate and retain profits in the market. When properly implemented these strategies are intended to accomplish two important goals in trade management: they should allow profits to run, while at the same time they should protect open trade profits.

While their application is extremely wide, we do not believe that trailing stops are appropriate in all trading circumstances. Most of the trailing exits we will describe are specifically designed to allow profits to run indefinitely. Therefore they are best used with trend following type systems. In counter-trend trading, more aggressive exits are more suitable. The ?when you?ve got a profit, take it? philosophy works best when you are trading counter-trend, since the anticipated amount of profits is limited. However, to take quick profits in a trend is usually an exercise in frustration: we exit the market with a small profit only to watch the huge trend continue to move in our direction for days or months after our untimely exit. We therefore recommend using different exit strategies based on the underlying market condition. We will discuss the more aggressive exits later; for now we will concentrate on exits designed to accumulate large profits over time.

A thorough understanding of trailing stops is critical for trend-following traders. This is because trend following is typically associated with a lower percentage of profitable trades; which makes it particularly important to capture as much profit as possible when those large but infrequent trends occur. Typical trend followers make most of their profits by capturing only a few infrequent but very large trends, while managing to cut losses effectively during the more frequent sideways markets.

The rationale behind the use of the trailing stop is based on the anticipation of occasional extremely large trends and the possibilities of capturing substantial profits during these major trends. If the entry is timely and the market continues to trend in the direction of the trade, trailing stops are an excellent exit strategy that can enable us to capture a significant portion of that trend.

The trailing stops we will describe in this and following articles have similar characteristics that are important to understand as we use them to design our trading systems. Effective trailing stops can significantly increase the net profits gained in a trend-following system by allowing us to maximize and capture large profitable trades. The ratio of the average winning trade to the average losing trade is usually improved substantially by the use of trailing stops. However there are some negative characteristics of these stops. The number of profitable trades is sometimes reduced since these stops may allow modestly profitable trades to turn into losers. Also, occasional large retracements in open trade profits can make the use of these stops quite difficult psychologically. No trader enjoys seeing large profits reduced to small profits or watching profitable trades become unprofitable.

The Channel Exit

The simplest process for following a trend is to establish a stop that continuously moves in the direction of the trend using recent highest high or lowest low prices. For example, to follow prices in an uptrend, a stop may be placed at the lowest low of the last few bars; for a downtrend, the stop is placed at the highest high of the last few bars. The number of bars used to calculate the highest high or lowest low price depends on the room we wish to give the trade. The more bars back we use to set the stop, the more room we give the trade and consequently the larger the retracement of profits before the stop is triggered. Using a very recent high or low point enables us to take a quick exit on the trade.

This type of trailing stop is commonly referred to as a ?Channel Exit?. The ?channel? name comes from the appearance of a channel formed from using the highest high of X bars and the lowest low of X bars for short and long exits respectively. The name also derives from the popular entry strategy that uses these same points to enter trades on breakouts. Since we are focusing on exits and will be using only one boundary of the channel, the term ?channel? may be a slight misnomer, but we will continue to refer to these trailing exits by their commonly used name.

For most of our examples we will assume that we are working with daily bars but we could be working with bars of any magnitude depending on the type of system we are designing. A channel exit is extremely versatile and can work equally well with weekly bars or five-minute bars. Also keep in mind that any examples referring to long trades can be equally applicable to short trades.

The implementation of a channel exit is very simple. Suppose we have decided to use a 20-day channel exit for a long trade. For each day in the trade, we would determine the lowest low price of the last 20 days and place our exit stop at that point. Many traders may place their stops a few points nearer or further than the actual low price depending on their preferences. As the prices move in the direction of the trade, the lowest price of the last twenty days continually moves up, thus ?trailing? under the trade and serving to protect some of the profits accumulated. It is important to note that the channel stop moves only in the direction of the trade but never reverses direction. When prices fall back through the lowest low price of the last twenty days, the trade is exited using a sell stop order.

The first and obvious question to answer about channel exits is how many bars to use to pick the exit point. For example, should we set our stop at the lowest low of 5 days or the lowest low of 20 days, or some other number of days? The answer depends on the objectives of our system. A clearly stated set of objectives for the system is always very helpful at these important decision points. Do we want a long-term system with slow exits or do we want a short-term system with quicker exits? A longer channel length will usually allow more profits to accumulate over a long run if there are big trends. A shorter channel will usually capture more profits if there are smaller trends. In our research, we have found that long-term systems generally work well with a trailing exit at the lowest low or the highest high of the last 20 days or more. For intermediate term systems, use the lowest or highest price of between 5 to 20 days. For short-term systems, the lowest or highest price of between 1 to 5 days is usually optimal.

Trailing stops with a long-term channel accumulate the largest open profits if there is a sustained trend. However this method will also give back the largest amount of open profits when the stop is eventually triggered. Using a shorter channel can create a closer stop in order to preserve more open trade profits. As can be expected, the closer stop often does not allow profits to accumulate as nicely as the longer channel, and often causes us to be prematurely stopped out of a large trend. However, we have noticed that a very short channel length of between 1 to 3 bars is still highly effective in trailing a profitable trade in a runaway trend. The best type of channel exit to use in a runaway trend is a very short channel, for example 3 bars in length. We have observed that this exit in a strong trend often keeps us in a trade until we are close to the end of the trend.

It appears that there is a conflict of exit objectives here. A longer channel length will capture more profit but give back a large proportion of that profit; a shorter channel length will capture less profit, but protect more of what it has captured. How can we resolve this issue and create an exit that can both accumulate large profits, as well as protect these profits closely? A very effective exit technique calls for a long-term channel to be implemented at the beginning of the trade with the length of the channel gradually shortened as larger profits are accumulated. Once the trade is significantly profitable, or in a strongly trending move, the goal is to have a very short channel that gives back very little of the large open profit.

Here is an example of how this method might be implemented. At the beginning of a long trade, after setting our previously described money management stop to avoid any catastrophic losses, we will trail a stop at the lowest low of the last 20 days. This 20-day channel stop is usually far enough from the trade to avoid needless whipsaws and keep us in the trade long enough to begin accumulating some worthwhile profits. At some pre-determined level of profitability, which can be based on a multiple of the average true-range or some specific dollar amount of open profit, the channel length can be shortened to take us out of the trade at the lowest low of 10 days. If we are fortunate enough to reach another higher level of profitability, like 5 average true ranges of profit or some other large dollar amount, we can shorten the channel further so that we will exit at the lowest low of 5 days. At the highest level of profitability, perhaps a very rare occurrence, we might even be able to place our exit stop at the previous day?s low to protect the great profit we have accumulated. As you can see, this strategy allows plenty of room for profits to accumulate at the beginning of a trade and then tightens up the stops as profits are accumulated. The larger the profits, the tighter our exit stop. The more we have, the less we want to give back.

There is another way of improving the channel exit that is worthwhile to discuss: this is to contract (or expand) the traditional channels using the height of the channel, or some multiple of the average true range. How this might work is as follows: Supposing you are working with a 20-day channel exit. First you calculate the height of the channel, as measured by the distance between the highest 20-day high and the lowest 20-day low. Then you contract the channel by increasing the lowest low value and decreasing the highest high value previously obtained to determine the exit points. For instance, in a long trade, you could increase the lowest low price by 5% of the channel height or 5% of the average true range, and use that adjusted price as your exit stop. This creates a slightly tighter stop than the conventional channel. More importantly, it allows you to execute your trade before the multitude of stops that are already placed in the market at the 20-day low.

The last point can be considered an important disadvantage of the channel exit. The channel breakout methods are popular enough to cause a large number of entry and exit stops to be placed at previous lowest low and highest high prices. This can cause a significant amount of slippage when attempting to implement these techniques in your own trading. The method of adjusting the actual lowest low or highest high price by a percentage of the overall channel height or the average true range is one possible way to move your stops away from the stops placed by the general public and thereby achieve better executions on your exits.

---- by ; Chuck LeBeau -------

Diversifying Fx Trading Strategies

The critical difference between who will win and who will lose in the business of Forex market trading is learning how to manage your money. For example, if 100 Forex traders begin trading by using a system with 60% of winning odds, only about 5 of those traders would see a profit by the end of the year. Despite those 60% winning odds, only 95% of those Forex traders will lose because of poor money management skills. When entering a trading system one must have great money management skills in order to succeed. Traders enter the Forex system to make a profit, after all, not to lose money.

The amount of money you will put on a trade and the risks you are willing to accept for that trade is money management. It is very important to understand the concept of managing money and to understand the difference between managing money and trading decisions, in order to diversify your Forex trading strategies. There are a number of different strategies that can be employed that will aspire to preserve your balance from any high-risk liabilities.

To begin with an understanding of the “core equity” is a necessity. Basically the core equity illustrates the starting balance of the account and what amounts are in the open positions. Your money management will greatly depend on this equity so it’s very important to understand the meaning of core equity. For instance, if you have an open account with a balance of $5,000 and you enter a trade with $1,000 your core equity will be $4,000. If you enter another trade for another $1,000 then your core equity would be $3,000.

From the outset, it’s best to diversify trades by using several different currencies. By only trading one currency pair, you will generate very few entry signals. For example, if you have an account balance of $100,000 and have an open position for $10,000 then that makes your core equity $90,000. If you choose to enter on a second position, then calculate the 1% risk from your core equity, but not your starting account balance. This would mean that the second trade would not exceed $900. Then if you decide to enter a third position, with a core equity of $80,000 then the risk from that trade should not surpass $800. The key is to diversify the lots between all currencies that have a low correlation.

For example, if you want to trade EUR/USD and GBP/USD with a $10,000 (1% risk) standard position size in money management, then it would be safe to trade $5,000 in each EUR/USD and GBP/USD. This way, you will only be risking 0.5% on each position.

When trying to diversify your Forex trading strategies, it’s very important to understand the strategies of the Martingale and the Anti-Martingale. The Martingale rule means:
increasing your risks when you’re losing. Gamblers worldwide who claim that one should increase the size of a trade even when one is losing have adopted this strategy. Basically, gamblers use the rule in the following way: bet $20, if you lose bet $40, if you loose bet $80, if you lose bet $160, if you lose bet $320, etc.

The strategy is to assume that if you lose more than four times, then the chances to win become bigger and as you add more money, you will be able to recover from your loss. Although there are many people who choose to use this strategy, the truth is, the odds are still the same 50/50 regardless of the previous losses. Even if you lose five times in a row, the odds for your sixth bet, and even for those there after, are still 50/50. This is a common mistake made by those who are new to the trading business.

For instance, if a trader started with a $10,000 balance and lost four trades of $1,000 a piece for a total of $4,000 then the traders remaining balance would be $6,000. If the trader thinks there is a higher chance of winning the fifth trade and increases the size of the position four times, enough to recover from the loss, then if the fifth trade loses the trader will be down to $2,000. A loss like this can never be recovered back to the $10,000 starting balance. No experienced trader would use such a risky gambling tactic as the result is negative - losing all the money in a short period of time.

---- by David Mclauchlan --------

Forex ; Stop Loss Strategies

Here's a problem faced by many (including myself) new traders who are working with limited funds

The first problem is that you cannot afford large losses of fifty or one hundred pips because after ten or so losers your account has been decimated.

But that sets up the flip side and the second problem, which is getting stopped out of trades because the Stop Losses are too tight. Talk about a Catch-22!

It's heartbreaking getting stopped out of a trade and then watching it reverse and turn into a winner after you've been clobbered...and here's the danger for new traders

After getting frustrated this way a few times you set wider stops and lose larger sums of money.

So, what to do?
I have had good success, suffered smaller losses and stayed in more winners by employing Bollinger, 8sma and 21 sma.
Choose any pair, open a one hour chart and study how the price behaves. If the price is not going to pass through both averages and head to the opposite Bollinger Band (or close to it), it will often bounce off either the 8 or the 21. Sometimes it will pass through one of the averages and then bounce off the other.
Try setting your stops on the opposite moving average of your trade +10 pips. (Keep an eye on support and resistance levels too!) The thing is you have to monitor this and adjust the stop as the trade progresses, but the bottom line is that you can set wider stops with confidence. Other times, you can set tighter stops and not risk as much of your account balance.

--- by pzalvo / FxStrtgRvl ------

Forex Trend Trading: The Early Bird Gets the Cash

Trend trading is where the big money is in the Forex market. While there is money to be made in counter-trending markets, there is only so much that can be made when the market is essentially moving sideways.

Trading when the market trends is where there is the opportunity to make (and if you're on the wrong side without a stop-loss, possibly lose) major money.

A market goes into a trend anytime there are more buyers than sellers or more sellers than buyers over a prolonged period of time. This trend can be with prices going up (more buyers than sellers) or down (more sellers than buyers). There is money to be made regardless of which way the trend goes, since all trading is done with pairs.

Figuring out the best way to trade trends involves knowing extensive technical analysis, so having a proven and profitable trading system helps immensely. Without a prove and profitable trading system, it's very unlikely that over the long run, you will profit from Forex trend trading.

While there are all sorts of technical tools for analyzing trades, the simplest way to spot a trend, or what might be the beginning of a trend, is to watch and see if each time period's high keeps getting higher, indicating the market is steadily trending up in price, or if each period's low continues to get lower, indicating a downward trend in price.

If you decide to use bands to help your trend trading, remember that a basic rule when using bands is to wait and see when the high price penetrates the upper band. This is your signal that an upward trend is about to start. You want to buy when that price penetrates the upper band and go long, with a trailing stop loss. There's a good chance the market will make an upward trend that a long position can profit from.

When the price penetrates the lowest band of your corridor, you want to sell and go short, watching the market for any confirmations on any further trends, counter-trends, or pivot points that indicate a trend reversal.

The basic goal of trend trading strategies is always the same. While you don't want to be the first to test the market, once a market trend reveals itself: join the move early!

Then hold your position, making as much money as possible, until the trend reverses and then get out. This is where using a trailing stop loss can help maximize the profits you earn from any market movement.

Trend trading is where the big money is at, and recognizing and getting in on trends early will make you a very happy (and wealthy) trader in the Forex market.

--- by Jason fielder ------

Free Forex Signal

Free Forex Signal, 27 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 03.50 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2918
Avg. Daily Range : 267 point
BUY at 1.2945 Exit Target 15 pips
SELL at 1.2858 Exit Target 20 pips

GBP/USD
Pivot : 1.5327
Avg.Daily range : 347 point
BUY at 1.5414 Exit Target 15 pips
SELL at 1.5316 Exit Target 20 pips

USD/JPY
Pivot : 95.27
Avg.Daily range : 188 point
BUY at 95.39Exit Target 15 pips
SELL at 94.89Exit Target 20 pips

AUD/USD
Pivot : 0.6488
Avg.Daily range : 228 Point
BUY at 0.6527 Exit Target 15 pips
SELL at 0.6465 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1985
Avg. Daily range : 216 point
BUY at 1.2015 Exit Target 15 pips
SELL at 1.1992 Exit Target 20 pips

Usd/Cad
Pivot : 1.2296
Avg.Daily range : 323 point
BUY at 1.2329 Exit Target 15 pips
SELL at 1.2254 Exit Target 20 pips

GOLD
Pivot : 814.35
Avg.Daily range : 2662 point
BUY at 818.90 Exit Target 150 pips
SELL at 813.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

Forex Tips and Strategy

Use an RSI Indicator to Make Your Forex Trading More Profitable

When it comes to forex-based technical analysis, using the relative strength index (RSI) indicator or your chart can give you insight into potential trading opportunities.

First, let's talk about what the RSI is, how it is set up on your chart, and how it can be used to decide when to enter the market.

The RSI is an oscillator, meaning that it will be separate from price data but still on the same chart and it will go up and down (oscillate) in value from 0 to 100.

When it comes to setting up your RSI indicator on the chart, the most popular setting is a 14-day period, though it is possible to tweak this setting to fit your own strategy.

Keep in mind though, that the longer the period is on your RSI indicator, the less frequently it will give trading signals, though the signals that it does give can be considered more reliable.

If the period is much shorter (like 8 or 9 instead of 14), the oscillator will be much more volatile and can give false signals more frequently, so it is important to find a balance.

Now when it comes to actually reading the RSI for trading signals, there are two main methods of doing this. With the first one, the values 30 and 70 are of critical importance (remember the RSI always gives a value between 0-100).

Typically, the lows and highs of the RSI will be below 30 and above 70, so when the RSI reaches this level and stays there, you can be sure that when it changes direction and heads closer to 50 then you will see a trend or market reversal.

For example, you are using a 10-minute bar chart and 14-period RSI. You see that the RSI has crossed the 70 line, moved to around 80 for maybe 40 minutes, and is now climbing back down. This could be a good indication that the market prices will follow and this could be a good time to sell. Your indication to enter would be when the RSI crosses 70 and continues going down.

The other popular way to trade the RSI is to use the number 50 as a center line or deviation line. This means that when the RSI crosses the center line and continues to climb steadily, this could be an indication to buy.

Conversely, if the RSI crosses the center line and continues to decline steadily, this could be a good indication to sell.

One important thing to always remember when you are using the RSI indicator on your charts is that the main purpose of this oscillator is to convey the current strength of the market, and whether or not a trend is likely to continue or reverse. Happy Trading!

--- by; Marcus Mst ------

FREE FOREX SIGNAL

Free Forex Signal, 18 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.30 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2634
Avg. Daily Range : 288 point
BUY at 1.2679 Exit Target 15 pips
SELL at 1.2598 Exit Target 20 pips

GBP/USD
Pivot : 1.4898
Avg.Daily range : 445 point
BUY at 1.5036Exit Target 15 pips
SELL at 1.4932 Exit Target 20 pips

USD/JPY
Pivot : 96.56
Avg.Daily range : 216 point
BUY at 96.77 Exit Target 15 pips
SELL at 96.27 Exit Target 20 pips

AUD/USD
Pivot : 0.6476
Avg.Daily range : 278 Point
BUY at 0.6468 Exit Target 15 pips
SELL at 0.6420 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1964
Avg. Daily range : 160 point
BUY at 1.2012 Exit Target 15 pips
SELL at 1.1986 Exit Target 20 pips

Usd/Cad
Pivot : 1.2273
Avg.Daily range : 323 point
BUY at 1.2323 Exit Target 15 pips
SELL at 1.2227 Exit Target 20 pips

GOLD
Pivot : 738.62
Avg.Daily range : 2787 point
BUY at 741.90 Exit Target 150 pips
SELL at 733.70 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

FREE FOREX SIGNAL

Free Forex Signal, 17 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.35 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2663
Avg. Daily Range : 289 point
BUY at 1.2595 Exit Target 15 pips
SELL at 1.2503 Exit Target 20 pips

GBP/USD
Pivot : 1.4784
Avg.Daily range : 414 point
BUY at 1.4775 Exit Target 15 pips
SELL at 1.4652 Exit Target 20 pips

USD/JPY
Pivot : 97.01
Avg.Daily range : 226 point
BUY at 97.36 Exit Target 15 pips
SELL at 96.34 Exit Target 20 pips

AUD/USD
Pivot : 0.6546
Avg.Daily range : 287 Point
BUY at 0.6509 Exit Target 15 pips
SELL at 0.6393 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1923
Avg. Daily range : 174 point
BUY at 1.2008 Exit Target 15 pips
SELL at 1.1954 Exit Target 20 pips

Usd/Cad
Pivot : 1.2279
Avg.Daily range : 314 point
BUY at 1.2425 Exit Target 15 pips
SELL at 1.2339 Exit Target 20 pips

GOLD
Pivot : 740.04
Avg.Daily range : 3103 point
BUY at 745.80 Exit Target 150 pips
SELL at 736.20 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Forex Tech. Indicator ....Click here....

Tag tags forex signal Free Forex Signal forex Indicator

FREE FOREX SIGNAL

Free Forex Signal, 14 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.40 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2676
Avg. Daily Range : 338 point
BUY at1.2818 Exit Target 15 pips
SELL at 1.2645 Exit Target 20 pips

GBP/USD
Pivot : 1.4796
Avg.Daily range : 440 point
BUY at 1.4934 Exit Target 15 pips
SELL at 1.4762 Exit Target 20 pips

USD/JPY
Pivot : 96.78
Avg.Daily range : 262 point
BUY at 97.45Exit Target 15 pips
SELL at 96.53Exit Target 20 pips

AUD/USD
Pivot : 0.6560
Avg.Daily range : 318 Point
BUY at 0.6658 Exit Target 15 pips
SELL at 0.6556 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1898
Avg. Daily range : 185 point
BUY at 1.1908 Exit Target 15 pips
SELL at 1.1836 Exit Target 20 pips

Usd/Cad
Pivot : 1.2212
Avg.Daily range : 342 point
BUY at 1.2211 Exit Target 15 pips
SELL at 1.2098 Exit Target 20 pips

GOLD
Pivot : 723.69
Avg.Daily range : 3386 point
BUY at 734.70 Exit Target 150 pips
SELL at 723.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

FREE FOREX SIGNAL

Free Forex Signal, 10 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 04.35 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2740
Avg. Daily Range : 304 point
BUY at 1.2932 Exit Target 15 pips
SELL at 1.2814 Exit Target 20 pips

GBP/USD
Pivot : 1.5681
Avg.Daily range : 456 point
BUY at 1.5892 Exit Target 15 pips
SELL at 1.5803 Exit Target 20 pips

USD/JPY
Pivot : 97.90
Avg.Daily range : 219 point
BUY at 99.36 Exit Target 15 pips
SELL at 89.62 Exit Target 20 pips

AUD/USD
Pivot : 0.6693
Avg.Daily range : 291 Point
BUY at 0.6952 Exit Target 15 pips
SELL at 0.6929 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1752
Avg. Daily range : 192 point
BUY at 1.1759 Exit Target 15 pips
SELL at 1.1696 Exit Target 20 pips

Usd/Cad
Pivot : 1.1858
Avg.Daily range : 351 point
BUY at 1.1841 Exit Target 15 pips
SELL at 1.1725 Exit Target 20 pips

GOLD
Pivot : 735.30
Avg.Daily range : 2902 point
BUY at 751.90 Exit Target 150 pips
SELL at 742.90 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

ForexBasic balanced system

Current Forex trading system represents a well thought and very simple combination of indicators. Knowing what signal to look for with each indicator, provides a strong tip for good entries and exits.
Time frame: Any.
Currency: Any.
Indicators: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, 70, 30)
Entry rules: Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up) and Stochastic is not in overbought position (above 80.00 level) and RSI is above 50.
Entry rules: Sell when 5 EMA crosses below 10 EMA and Stochastic lines are heading south (down) and Stochastic is not in oversold position (below 20.00 level), and RSI is below 50.
Exit rules: when 5 EMA and 10 EMA cross in the opposite direction or if RSI crosses the 50 mark again.

Advantages: allows filtering entries and thus is more accurate.
Disadvantages: 5 and 10 EMAs can give very early exit signals

--- By; FxStrtgyRvld ------

Tag tags FOREX Trading Strategy Forex INDICATOR

Free Forex Signal

Free Forex Signal, 05 November 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.20 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2854
Avg. Daily Range : 397 point
BUY at 1.2990Exit Target 15 pips
SELL at 1.2868Exit Target 20 pips

GBP/USD
Pivot : 1.5892
Avg.Daily range : 514 point
BUY at 1.5972 Exit Target 15 pips
SELL at 1.5848 Exit Target 20 pips

USD/JPY
Pivot : 99.60
Avg.Daily range : 259 point
BUY at 99.97 Exit Target 15 pips
SELL at 99.36 Exit Target 20 pips

AUD/USD
Pivot : 0.6856
Avg.Daily range : 361 Point
BUY at 0.6959 Exit Target 15 pips
SELL at 0.6868 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1661
Avg. Daily range : 246 point
BUY at 1.1705 Exit Target 15 pips
SELL at 1.1629 Exit Target 20 pips

Usd/Cad
Pivot : 1.1618
Avg.Daily range : 410 point
BUY at 1.1629 Exit Target 15 pips
SELL at 1.1507 Exit Target 20 pips

GOLD
Pivot : 751.11
Avg.Daily range : 4024 point
BUY at 763.30 Exit Target 150 pips
SELL at 753.20 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

Free Forex Signal

Free Forex Signal, 03 november 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.50 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2762
Avg. Daily Range : 313 point
BUY at1.2875 Exit Target 15 pips
SELL at1.2765 Exit Target 20 pips

GBP/USD
Pivot : 98.02
Avg.Daily range :304 point
BUY at 1.6342 Exit Target 15 pips
SELL at 1.6152 Exit Target 20 pips

USD/JPY
Pivot : 98.02
Avg.Daily range : 304 point
BUY at 99.68Exit Target 15 pips
SELL at98.86 Exit Target 20 pips

AUD/USD
Pivot : 0.6663
Avg.Daily range : 316 Point
BUY at 0.6887 Exit Target 15 pips
SELL at 0.6772 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1540
Avg. Daily range : 244point
BUY at 1.2056 Exit Target 15 pips
SELL at 1.1898 Exit Target 20 pips

Usd/Cad
Pivot : 1.2150
Avg.Daily range : 397 point
BUY at 1.2026 Exit Target 15 pips
SELL at 1.1905 Exit Target 20 pips

GOLD
Pivot : 728.30
Avg.Daily range : 3556point
BUY at 735.90 Exit Target 150 pips
SELL at 727.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags forex signal Free Forex Signal forex Indicator

FREE FOREX SIGNAL

Free Forex Signal, 31 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.00 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2989
Avg. Daily Range : 387 point
BUY at1.2839 Exit Target 15 pips
SELL at1.2711 Exit Target 20 pips

GBP/USD
Pivot : 1.6416
Avg.Daily range : 517 point
BUY at 1.6402 Exit Target 15 pips
SELL at 1.6195 Exit Target 20 pips

USD/JPY
Pivot : 98.33
Avg.Daily range : 296 point
BUY at 98.40Exit Target 15 pips
SELL at 97.70 Exit Target 20 pips

AUD/USD
Pivot : 1.06758
Avg.Daily range : 359Point
BUY at 0.6702 Exit Target 15 pips
SELL at 0.6614 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1368
Avg. Daily range : 224 point
BUY at 1.1436 Exit Target 15 pips
SELL at 1.1377 Exit Target 20 pips

Usd/Cad
Pivot : 1.2057
Avg.Daily range :365 point
BUY at 1.2254 Exit Target 15 pips
SELL at 1.2140 Exit Target 20 pips

GOLD
Pivot : 750.30
Avg.Daily range : 4322 point
BUY at 736.80 Exit Target 150 pips
SELL at 729.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

see …..Forex Tech. Indicator click here….

Tag tags Forex signal Free Forex Signal fx Indicator

FREE FOREX SIGNAL

Free Forex Signal, 30 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.50 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2854
Avg. Daily Range : 333 point
BUY at 1.3186Exit Target 15 pips
SELL at 1.3052 Exit Target 20 pips

GBP/USD
Pivot : 1.6253
Avg.Daily range : 516 point
BUY at 1.6590 Exit Target 15 pips
SELL at 1.6461 Exit Target 20 pips

USD/JPY
Pivot : 97.30
Avg.Daily range : 312 point
BUY at 99.14Exit Target 15 pips
SELL at 97.96 Exit Target 20 pips

AUD/USD
Pivot : 0.6613
Avg.Daily range : 405 Point
BUY at 0.6886 Exit Target 15 pips
SELL at 0.6770 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1378
Avg. Daily range : 222 point
BUY at 1.1306 Exit Target 15 pips
SELL at 1.1245 Exit Target 20 pips

Usd/Cad
Pivot : 1.2411
Avg.Daily range :451 point
BUY at 1.2218 Exit Target 15 pips
SELL at 1.2063 Exit Target 20 pips

GOLD
Pivot : 756.72
Avg.Daily range : 4036 point
BUY at 772.80 Exit Target 150 pips
SELL at 764.90 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Tag tags Forex signal Free Forex Signal fx Indicator

FREE FOREX SIGNAL

Free Forex Signal, 28 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.30 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2495
Avg. Daily Range : 307 point
BUY at 1.2435 Exit Target 15 pips
SELL at 1.2305Exit Target 20 pips

GBP/USD
Pivot : 1.5564
Avg.Daily range : 516 point
BUY at 1.5602 Exit Target 15 pips
SELL at 1.5350 Exit Target 20 pips

USD/JPY
Pivot : 99.21
Avg.Daily range : 275 point
BUY at 93.02Exit Target 15 pips
SELL at 92.45Exit Target 20 pips

AUD/USD
Pivot : 0.6094
Avg.Daily range : 317Point
BUY at 0.6068 Exit Target 15 pips
SELL at 0.6003 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1597
Avg. Daily range : 174 point
BUY at 1.1627 Exit Target 15 pips
SELL at 1.1578 Exit Target 20 pips

Usd/Cad
Pivot : 1.2891
Avg.Daily range : 309 point
BUY at 1.3043 Exit Target 15 pips
SELL at 1.2932 Exit Target 20 pips

GOLD
Pivot : 727.90
Avg.Daily range : 4224 point
BUY at 737.30 Exit Target 150 pips
SELL at 723.30 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

see Forex Signal Indicator click here....

Tag tags forex signal Free Forex Signal forex Indicator

FREE FOREX SIGNAL

Free Forex Signal, 27 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.15 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2707
Avg. Daily Range : 327point
BUY at 1.2714 Exit Target 15 pips
SELL at1.2572 Exit Target 20 pips

GBP/USD
Pivot : 1.5830
Avg.Daily range : 613 point
BUY at 1.5956 Exit Target 15 pips
SELL at 1.5632 Exit Target 20 pips

USD/JPY
Pivot : 94.38
Avg.Daily range : 388 point
BUY at 94.92 Exit Target 15 pips
SELL at 93.14 Exit Target 20 pips

AUD/USD
Pivot : 0.6340
Avg.Daily range : 413 Point
BUY at 0.6272 Exit Target 15 pips
SELL at 0.6159 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1631
Avg. Daily range : 198 point
BUY at 1.1656 Exit Target 15 pips
SELL at 1.1580 Exit Target 20 pips

Usd/Cad
Pivot :1.2681
Avg.Daily range : 335 point
BUY at 1.2771 Exit Target 15 pips
SELL at 1.2638 Exit Target 20 pips

GOLD
Pivot : 721.72
Avg.Daily range : 4943 point
BUY at 750.90 Exit Target 150 pips
SELL at 723.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

See Forex Tech Indicator…Click here…

tag Forex signal Free forex Signal forex Indicator

Forex Scalping system 2 SARs to go

Be prepared to watch the price constantly. Monitoring the price is not an easy job.
Trade the most active hours – London and New York.
EUR/USD 5 min
GBP/USD 5 min
(optionally may also trade AUD/USD)
SAR (0.01, 0.1) – on the chart
SMA 8 – on the chart
MACD (5, 8, 9) + SAR (0.01, 0.1) on this MACD

SAR defines whether we go short or long. We will take only one type of trades according with SAR signals.
Whichever SAR gives earlier signal – we take it. (Sometimes it can be “chart-SAR”, sometime “macd-SAR”)...
Trading Rules:
When we talk about “trend change” we mean small tiny trends that are actual for us scalpers on 5 minute chart. We do not want to know what is going on 15 min, hourly or even more so daily chart.
With the first SAR dot appearing on the opposite side (the trend has changed) – open one “trial” position Stop loss -12 (spread not included), Take profit +5. Once profit target has been hit – look for the best that current price can offer and open three equal orders. Stop loss for all orders is -12 pips (without spread), profits will be taken next way:
1st order – close in 5 pips and later constant re-entry-scalping with rules described below.
2nd order – close on 14th (or 18th) SAR dot (whichever SAR got first 14 dots – just count them) – this gives us some relief that we have scored something. Also you may not wait till certain number of dots and just close second order where you fill it is a good gain to secure.
Another option: if you are familiar with waves and know what price retracement means, look to close 2nd order after the first, at most second clearly noticeble retracement and once the price has recovered and gave a strong move forward.
3rd – this order remains open and it is our constant relief that we are always earning something as long as both SARs are in agreement that the trend is alive. We close 3rd order only with the first SAR dot (any of 2 SARs) appearing on the opposite side signaling of a reversal.
Or if you feel it is enough for you – do not hesitate and close it earlier!
We trade both currency pairs at once. In total we run 6 open orders maximum.
EUR/USD and GBP/USD have over +90 in correlation which means they move simultaneously almost always. It helps to anticipate good or bad signs watching two pairs at once.
If with the first “trial” entry we have loss, open next “trial” position only when both SARs have agreed on the trend. (You may always wait for 2 SARs to be in agreement before entering any trade, but then sometimes you will miss most of the price move).
Now let’s move to our order # 1 which is going to be reopened to scalp the market with 5 pips in profit.
Stop loss will remain -12 pips. Profit target +5 pips.
Once hit 5 pips and we are on the same candle (price bar) set limit order on the same candle half way from the current price (this is not to be calculated, just approximately, also you may check previous candle extremes and set order accordingly). In other words, “half way” means half of the candle’s current body while the candle continues moving up and down). So, set half way below (for uptrend)/above (for downtrend) the recent price – what we want here is for the price to pull back, fulfill our order and bring us another 5 pips on the same spot. If it does not retrace – we will not worry as we have our two other orders gaining profits for us.
If a new 5 min candle appears, then project (visually) possible future retracement/pullback close to 8SMA and set limit order there – in other words, make your limit order “sit” on the tip of 8EMA line). Reposition your limit order with each new candle.
Now let’s play around 8 SMA. The price really “knows” this SMA.
a) If most of the candle has closed above (uptrend)/below (downtrend) 8 SMA for the first time – buy/sell accordingly.
b) For uptrend when price touches 8 SMA for the first time from above and current candlestick closes above or on 8 SMA – buy, but only if MACD’s histogram is not sloping down and about to cross 0 line or already below 0 line. If conditions are not met – sit and wait...
...And wait for the same MACD’s histogram to go below 0 line with the new candle and create a sharp turn (usually) or a rounding turn (not often). Enter on the close of the current candle after the sharp or rounding turn is spotted.
c) Constantly watch the price approaching SAR dots as once they meet – SAR indicator will signal for the change of the trend with the new dot not matter what, therefore if spotted – prepare to exit – do not wait for the SAR as it will redraw signal only in 5 min interval – valuable time can be lost. Instead watch the price, find the best “offer” and exit early with minimum loss.
If one currency pair is showing change in trend – e.g. got signal on SAR indicator, but the other does not – exit on both anyway. Pairs move simultaneously. So the other reverse signal is on its way to appear. You may find at times that EUR/USD pair usually moves slightly ahead of GBP/USD.
d) If the price for the first time has breached 8 SMA and closed on the opposite side – start watching closely the next 3 candles: if it comes back, closes on your side and goes in your favor – OK, but if price comes back, closes on your side and soon after goes and “attacks” 8SMA again and closes on the opposite side – exit with all you orders at the first suitable moment, because it is a strong (about 80%) sign of the trend reversal.
Once again the safest mode is:
If two SARs are in disagreement – stay out. Once both are telling the same thing – get in.

---- by; FxStrtgyRvl -------

tag Tags Tag : Free Forex Signal Indicator

Fx Trading Result

Fx Trading Result - demo Acct... October 2008



--- by; Forecasters / trader ---

FREE FOREX SIGNAL

Free Forex Signal, 23 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Sorry.. internet connc. problem

Today update 05.05 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.2890
Avg. Daily Range : 237 point
BUY at 1.2840 Exit Target 15 pips
SELL at 1.2724 Exit Target 20 pips

GBP/USD
Pivot :1.6374
Avg.Daily range : 388 point
BUY at 1.6345 Exit Target 15 pips
SELL at 1.6186 Exit Target 20 pips

USD/JPY
Pivot : 98.46
Avg.Daily range : 214 point
BUY at 97.62 Exit Target 15 pips
SELL at 96.81 Exit Target 20 pips

AUD/USD
Pivot : 0.6726
Avg.Daily range : 249 Point
BUY at 0.6703Exit Target 15 pips
SELL at 0.6600Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1615
Avg. Daily range : 156 point
BUY at 1.1695 Exit Target 15 pips
SELL at 1.1622 Exit Target 20 pips

Usd/Cad
Pivot : 1.2412
Avg.Daily range : 309 point
BUY at 1.2603 Exit Target 15 pips
SELL at 1.2582Exit Target 20 pips

GOLD
Pivot : 742.02
Avg.Daily range : 4938 point
BUY at 732.10 Exit Target 150 pips
SELL at 718.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FREE FOREX SIGNAL

Free Forex Signal, 22 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.25 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3155
Avg. Daily Range : 224 point
BUY at1.2989 Exit Target 15 pips
SELL at 1.2953Exit Target 20 pips

GBP/USD
Pivot : 1.6850
Avg.Daily range : 352 point
BUY at 1.6614 Exit Target 15 pips
SELL at 1.6482 Exit Target 20 pips

USD/JPY
Pivot : 100.78
Avg.Daily range : 176 point
BUY at 100.59Exit Target 15 pips
SELL at 100.14Exit Target 20 pips

AUD/USD
Pivot : 1.6823
Avg.Daily range : 311 Point
BUY at 0.6830 Exit Target 15 pips
SELL at 0.6732 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1525
Avg. Daily range : 135 point
BUY at 1.1598 Exit Target 15 pips
SELL at 1.1561 Exit Target 20 pips

Usd/Cad
Pivot : 1.2081
Avg.Daily range : 249 point
BUY at 1.2209 Exit Target 15 pips
SELL at 1.2138 Exit Target 20 pips

GOLD
Pivot : 780.10
Avg.Daily range : 4256 point
BUY at 777.30 Exit Target 150 pips
SELL at 767.20 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FREE FOREX SIGNAL

Free Forex Signal, 21 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.55 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3378
Avg. Daily Range : 216 point
BUY at 1.3356 Exit Target 15 pips
SELL at 1.3295 Exit Target 20 pips

GBP/USD
Pivot : 1.7257
Avg.Daily range : 336 point
BUY at 1.7217 Exit Target 15 pips
SELL at 1.7148 Exit Target 20 pips

USD/JPY
Pivot : 101.99
Avg.Daily range : 168 point
BUY at 102.16Exit Target 15 pips
SELL at 101.63Exit Target 20 pips

AUD/USD
Pivot : 0.6989
Avg.Daily range : 320 Point
BUY at 0.7018 Exit Target 15 pips
SELL at 0.6940 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1448
Avg. Daily range : 161 point
BUY at 1.1527 Exit Target 15 pips
SELL at 1.1471 Exit Target 20 pips

Usd/Cad
Pivot : 1.1880
Avg.Daily range : 269 point
BUY at 1.1945 Exit Target 15 pips
SELL at 1.1893 Exit Target 20 pips

GOLD
Pivot : 795.36
Avg.Daily range : 3447 point
BUY at 804.90Exit Target 150 pips
SELL at 793.30 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

Free Forex Signal

Free Forex Signal, 20 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.05 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3435
Avg. Daily Range : 190point
BUY at 1.3482Exit Target 15 pips
SELL at 1.3430 Exit Target 20 pips

GBP/USD
Pivot : 1.7296
Avg.Daily range : 275 point
BUY at 1.7357 Exit Target 15 pips
SELL at 1.7269 Exit Target 20 pips

USD/JPY
Pivot : 101.40
Avg.Daily range : 191 point
BUY at 101.97 Exit Target 15 pips
SELL at 101.20 Exit Target 20 pips

AUD/USD
Pivot : 0.6870
Avg.Daily range : 378 Point
BUY at 0.7011 Exit Target 15 pips
SELL at 0.6845 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1349
Avg. Daily range : 133 point
BUY at 1.1372 Exit Target 15 pips
SELL at 1.1326 Exit Target 20 pips

Usd/Cad
Pivot : 1.1841
Avg.Daily range : 246 point
BUY at 1.1865 Exit Target 15 pips
SELL at 1.1797 Exit Target 20 pips

GOLD
Pivot : 790.20
Avg.Daily range : 3965 point
BUY at 804.70 Exit Target 150 pips
SELL at 789.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FOREX INDICATOR

Forex GBP / USD - Midnight setup

Ready to dedicate your midnight hour to Forex trading? This strategy can be your winner.
Trading strategy setup:
Currency pair: GBP/USD or any other.
Time frame: 1 day. No indicators.
Trading Rules:
This system is based on the fact that most of the time you will not find same size candles for 2 consecutive days on a daily chart. What does this mean for us – only one thing: the price is moving steady either up or down with no price “noise” which is always present on smaller time frames.


At 00:00 (your local time) or rather: according to the time set on your trading platform, with newly formed daily candle find highest and lowest price of the day for the previous daily bar.
If the price bar (including shadows) is less than 90 pips long we will not open new trades on the next day. (This is our requirement for GBP/USD pair, it can be changed/adjusted for other currency pairs).
If trading can be done, set Buy stop order at the top of the highest price +5 pips and Sell stop order at the bottom -5 pips.
Put your stop loss order for a Long entry at the lowest price for the day -3 pips.
Put your stop for Short order at the top of the highest price for the day +3 pips.
These additional pips for entries and stops can also be adjusted once a behavior of chosen currency pair is learned over the time.
Now, when one of the orders is filled – stay in the trade for the whole day. At midnight with the new daily bar open, adjust your orders and stops according with the previous daily bar following the same routine; keep trading position open until get +100 pips, then you may close current position to reward yourself. Rewarding is a very powerful tool, use it.
Also close you current position (with either profit or loss) if a daily candle becomes a Doji candle or is almost a Doji. What we mean by “almost” is that for the true Doji you need open price = close price, while “almost Doji” can have some distance between open and close (but no more than 10 pips).
For example: on May 1st at 00:05 am, we opened a daily chart and it was a downtrend. We set our orders: both Buy and Sell according to the previous candle (April 30th). The same day our Sell order gets filled. The day has passed and the price made some further progress down. At 00:05 am May 2nd with a new daily candle appearing we change our stop loss for our current Short position according to the high of the previous bar (from May 1st) and we either continue to stay in the trade or lock in profits. Also we reset our Buy order which is now going to be just above the highest high of the May 2nd price bar.
This system also gives an opportunity to be constantly in trade and at the same time it requires very little observation and takes only 5 minutes to set all positions and forget about Forex till the next midnight. You will see losing trades with this system from time to time – it is a part of any trading, but the overall result will be very positive.
Let’s look at the same chart in more details.

Next is a detailed candle-by-candle explanation of the trading on the chart above.
We will number candles starting form 1 – so number 1 is a circled candle.
1 st candle (high – low = over 90 pips) - allows entries next day. We set orders.
2st candle – the price didn't get above or below the 1st candle, no orders filled. Midnight: 2nd candle is over 90 pips long, so we reset orders according to 2nd candle’s high and low.
3nd – buy order filled. Midnight: day ended negatively, but didn't trigger the stop loss, we keep our position open and adjust stop loss below the low of the 3rd candle and minus additional 3 pips. The 3rd candle is also less that 90 pips long and we wouldn’t trade the next day except that for now we have already one position running.
4rd – went in profit and we rewarded ourselves closing position at the end of the day with just over 100 pips (you can actually set your target lower than that, and use 100 pips as a suggestion).
Choosing a profit target for the day becomes easier when you know a daily range average for a particular currency pair.
For example,
GBP/USD daily range average is 180-200 pips
EUR/USD daily range average is 110-120 pips
USD/JPY daily range average is 80-90 pips
USD/CHF daily range average is 120-130 pips
Taking about a half of it can determine your profit targets.
5th – no trading as the price didn’t exceed previous candle boundaries. Midnight: candle #5 is less than 90 pips, thus we are not setting any orders for the next day.
6th – we didn’t trade it and for a good reason – price managed to get below and above the previous candle’s high and low, which could mean for us hitting our stops, in worst case - twice.
7th - we had our stop loss below the low of candle 6, this trade is a reward again – more than 150 pips, so we lock it... and for a good reason...
We will have systems that will be able to easily allow trades running their positions further relatively safe, but for this one it is important to lock your profits – the reason is that we move our stop order every day.
8th – no trading opportunities. Midnight: candle 8th is less than 90 pips means we are not going to trade next day.
9th - no trading and we were very right about it. Midnight: 9th candle is long enough for us to set targets for the next day.
10th – no orders triggered. Midnight: 10th candle is long enough again which allows us to reset our orders.
11th – we sold, the day ended in profit, but the profit was relatively small, so we are going to stay in trade.
12th – brought us 100 pips at the end of the day and we go out taking profits. Also we reset orders for tomorrow.
13th – Long order was triggered and price made some progress during the day, but closed almost at the same level. We stay in and adjust our stops.
14th - our stop loss is hit and moments later buy order is filled. The price closed below our order, we stay in trade.
15th – we are almost at breakeven, but nothing to earn, we stay in trade.
16th – brings us loss again as our stop loss is hit; a short position is filled soon after and so on...

--- by ; Edward Revy / fx strgy rvl -------

FREE FOREX SIGNAL

Free Forex Signal, 17 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.35 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3452
Avg. Daily Range : 200 point
BUY at 1.3523Exit Target 15 pips
SELL at 1.3407 Exit Target 20 pips

GBP/USD
Pivot : 1.7284
Avg.Daily range : 281 point
BUY at 1.7363 Exit Target 15 pips
SELL at 1.7248 Exit Target 20 pips

USD/JPY
Pivot : 101.39
Avg.Daily range : 195 point
BUY at 102.06 Exit Target 15 pips
SELL at 100.93 Exit Target 20 pips

AUD/USD
Pivot : 0,6754
Avg.Daily range : 409 Point
BUY at 0.6972 Exit Target 15 pips
SELL at 0.6786 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1360
Avg. Daily range : 129 point
BUY at 1.1407 Exit Target 15 pips
SELL at 1.1351 Exit Target 20 pips

Usd/Cad
Pivot : 1.1849
Avg.Daily range : 284 point
BUY at 1.1839 Exit Target 15 pips
SELL at 1.1743 Exit Target 20 pips

GOLD
Pivot : 799.81
Avg.Daily range : 3391 point
BUY at 810.90 Exit Target 150 pips
SELL at 793.30 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FREE FOREX SIGNAL

Free Forex Signal, 16 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.10 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3530
Avg. Daily Range : 254 point
BUY at 1.3523Exit Target 15 pips
SELL at 1.3432 Exit Target 20 pips

GBP/USD
Pivot : 1.7282
Avg.Daily range : 391 point
BUY at 1.7334 Exit Target 15 pips
SELL at 1.7147 Exit Target 20 pips

USD/JPY
Pivot : 100.52
Avg.Daily range : 237 point
BUY at 100.20Exit Target 15 pips
SELL at 99.39 Exit Target 20 pips

AUD/USD
Pivot : 0.6687
Avg.Daily range : 459 Point
BUY at 0.6709 Exit Target 15 pips
SELL at 0.5533 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1335
Avg. Daily range : 160 point
BUY at 1.1377 Exit Target 15 pips
SELL at 1.1321 Exit Target 20 pips

Usd/Cad
Pivot : 1.1786
Avg.Daily range : 331 point
BUY at 1.1947 Exit Target 15 pips
SELL at 1.1830 Exit Target 20 pips

GOLD
Pivot : 844.20
Avg.Daily range : 4222 point
BUY at 848.90 Exit Target 150 pips
SELL at 838.30 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FREE FOREX SIGNAL

Free Forex Signal, 15 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.00 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3654
Avg. Daily Range : 233 point
BUY at 1.3630 Exit Target 15 pips
SELL at 1.3527 Exit Target 20 pips

GBP/USD
Pivot : 1.7472
Avg.Daily range : 323 point
BUY at 1.7465 Exit Target 15 pips
SELL at 1.7362 Exit Target 20 pips

USD/JPY
Pivot : 102.18
Avg.Daily range : 221 point
BUY at 101.86 Exit Target 15 pips
SELL at 100.69 Exit Target 20 pips

AUD/USD
Pivot : 0.7041
Avg.Daily range : 361 Point
BUY at 0.6969 Exit Target 15 pips
SELL at 0.6826 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1331
Avg. Daily range : 168 point
BUY at 1.1395 Exit Target 15 pips
SELL at 1.1348 Exit Target 20 pips

Usd/Cad
Pivot : 1.1521
Avg.Daily range : 307 point
BUY at 1.1697 Exit Target 15 pips
SELL at 1.1590 Exit Target 20 pips

FREE FOREX SIGNAL

Free Forex Signal, 14 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 02.45 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3572
Avg. Daily Range : 254 point
BUY at1.3702 Exit Target 15 pips
SELL at 1.3636 Exit Target 20 pips

GBP/USD
Pivot : 1.7454
Avg.Daily range : 698 point
BUY at 1.7540 Exit Target 15 pips
SELL at 1.7414 Exit Target 20 pips

USD/JPY
Pivot : 101.23
Avg.Daily range : 248 point
BUY at 103.20 Exit Target 15 pips
SELL at 102.30 Exit Target 20 pips

AUD/USD
Pivot : 0.6837
Avg.Daily range : 419 Point
BUY at 0.7109 Exit Target 15 pips
SELL at 0.7019 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1349
Avg. Daily range : 195 point
BUY at 1.1370 Exit Target 15 pips
SELL at 1.1298 Exit Target 20 pips

Usd/Cad
Pivot : 1.1568
Avg.Daily range : 292 point
BUY at 1.1447 Exit Target 15 pips
SELL at 1.1329 Exit Target 20 pips

GOLD
Pivot : 841.61
Avg.Daily range : 5136 point
BUY at 855.20 Exit Target 150 pips
SELL at 841.40Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

FREE FOREX SIGNAL

Free Forex Signal, 13 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )


Sorry…Internet Connc. Problem…
Today update 05.45 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3448
Avg. Daily Range : 299 point
BUY at 1.3665Exit Target 15 pips
SELL at 1.3399 Exit Target 20 pips

GBP/USD
Pivot : 1.6998
Avg.Daily range : point
BUY at 1.7154 Exit Target 15 pips
SELL at 1.6963 Exit Target 20 pips

USD/JPY
Pivot : 99.82
Avg.Daily range : point
BUY at 100.52Exit Target 15 pips
SELL at 99.48 Exit Target 20 pips

AUD/USD
Pivot : 0.6542
Avg.Daily range : 448 Point
BUY at 0.6747Exit Target 15 pips
SELL at 0.6516Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1307
Avg. Daily range : 221 point
BUY at 1.1411 Exit Target 15 pips
SELL at 1.1292 Exit Target 20 pips

Usd/Cad
Pivot : 1.1713
Avg.Daily range : 359 point
BUY at 1.1845 Exit Target 15 pips
SELL at 1.1643Exit Target 20 pips

GOLD
Pivot : 869.05
Avg.Daily range : 6459 point
BUY at 873.10 Exit Target 150 pips
SELL at 850.40 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )

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Forex Bullish and Bearish Divergence

FREE FOREX SIGNAL

Free Forex Signal, 10 Oktober 2008
Update every day at 01.30 am GMT ( 08.30 WIB )

Today update 01.35 am GMT

All Pair – Stop loss 30 Pips

EUR/USD
Pivot : 1.3648
Avg. Daily Range : 241 point
BUY at 1.3627Exit Target 15 pips
SELL at 1.3534Exit Target 20 pips

GBP/USD
Pivot : 1.7181
Avg.Daily range : 327 point
BUY at 1.7094 Exit Target 15 pips
SELL at 1.6981 Exit Target 20 pips

USD/JPY
Pivot : 100.15
Avg.Daily range : 243 point
BUY at 99.95Exit Target 15 pips
SELL at 98.54Exit Target 20 pips

AUD/USD
Pivot : 0.6876
Avg.Daily range : 399 Point
BUY at 0.6750 Exit Target 15 pips
SELL at 0.6542 Exit Target 20 pips

CHF / USD & USD/CAD – Stop loss 35 pips
GOLD – Stop loss 350 pips ( 3,5 USD )

USD/CHF
Pivot : 1.1272
Avg. Daily range : 168 point
BUY at 1.1318 Exit Target 15 pips
SELL at 1.1257Exit Target 20 pips

Usd/Cad
Pivot : 1.1388
Avg.Daily range : 157 point
BUY at 1.1627 Exit Target 15 pips
SELL at 1.1529 Exit Target 20 pips

GOLD
Pivot : 906.47
Avg.Daily range : 4333 point
BUY at 929.40 Exit Target 150 pips
SELL at 909.10 Exit Target 150 pips
Note : Gold – Stop Loss 350 pips ( 3.5 usd )