Ichimoku Kinko Hyo buying and selling signals
Ichimoku Kinko Hyo? The next Japanese Candlesticks?
Learn to trade the simple way
Ichimoku Kinko Hyo - IKH
Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.
When defining the dimension of parameters, four time intervals of different length are used. The values of individual lines composing this indicator are based on these intervals:
Tenkan-sen shows the average price value during the first time interval defined as the sum of maximum and minimum within this time, divided by two;
Kijun-sen shows the average price value during the second time interval;
Senkou Span A shows the middle of the distance between two previous lines shifted forwards by the value of the second time interval;
Senkou Span B shows the average price value during the third time interval shifted forwards by the value of the second time interval.
Chinkou Span shows the closing price of the current candle shifted backwards by the value of the second time interval.
Chris Capre - Ichimoku Trading: Strategies, Setups and What to Watch for
Tue, Dec 7 2010
Ichimoku Kinko Hyo
Ichimoku Kinko Hyo Technical Indicator is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. This indicator works best at weekly and daily charts.
When defining the dimension of parameters, four time intervals of different length are used. The values of individual lines composing this indicator are based on these intervals:
Tenkan-sen shows the average price value during the first time interval defined as the sum of maximum and minimum within this time, divided by two;
Kijun-sen shows the average price value during the second time interval;
Senkou Span A shows the middle of the distance between two previous lines shifted forwards by the value of the second time interval;
Senkou Span B shows the average price value during the third time interval shifted forwards by the value of the second time interval.
Chinkou Span shows the closing price of the current candle shifted backwards by the value of the second time interval...
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Ichimoku Kinko Hyo
Technický indikátor Ichimoku Kinko Hyo je určen pro determinování tržních trendů, úrovní supportu a rezistence a generování nákupních a prodejních signálů. Nejlépe tento ukazatel funguje na denních a týdenních grafech.
Používají se čtyři různé časové periody pro definování rozsahu vnitřního nastavení. Míry oddělených čar, z kterých se skládá tento indikátor, jsou založeny na těchto časových rozdílch.
více
cituji:
pro ty, kteří dont pochopit tento ukazatel.
přečtěte si tohle.
jeho z CMS.
Ichimoku Kinko Hyo japonské mapovat techniku, vyvinutý před druhou světovou válkou, jejímž cílem je zobrazovat, ve snímku, kde cena byla čísla, a když byl ve správný čas ke vstupu nebo opuštění trhu. To vše se provádí bez pomoci jakékoliv jiné technické analýzy technika (či pracovna).
Slovo Ichimoku mohou být přeloženy do znamenat 'pohled' nebo 'jeden pohled'. Kinko přenese se do 'rovnováhy' nebo 'balancovat', s ohledem na cenu a čas, a Hyo je japonské slovo pro 'graf'. Tak, Ichimoku Kinko Hyo jednoduše znamená 'pohled na graf rovnováhy', poskytující panoramatický pohled na to, kde ceny pravděpodobně jít a pozice jeden by měl provést.
Vynalezl japonský spisovatel noviny s pseudonymem 'Ichimoku Sanjin', mínit 'pohled na hory člověka', grafy Ichimoku staly populární nástroj pro obchodování v Japonsku, a to nejen v rámci akciového trhu, ale v měně, dluhopisů , futures, komodity a opce trzích. Tato technika byla zveřejněna před 30 lety, ale má jen získal mezinárodní pozornost pouze v posledních několika letech.
Výpočet
Graf Ichimoku sestává z pěti linek a výpočet těchto pět řádků zahrnuje pouze při středy předchozích vzestupy a pády, podobně jako klouzavý průměr studií. I s jeho jednoduchost, vyplněný grafu je schopen předložit jasnou perspektivu do akční ceny cenného papíru v ruce.
Pěti řádcích se vypočte takto:
1) Tenkan-Sen \u003d Konverze Line \u003d (Nejvyšší vysoké + nízké nejnižší) / 2, za posledních 9 období
2) Kijun-Sen \u003d Base Line \u003d (Nejvyšší vysoké + nízké nejnižší) / 2, za posledních 26 dob
3) Chikou Span \u003d Rozehrání Span \u003d dnešní zavírací cena vynese 26 za období
4) Senkou Span \u003d Přední Span \u003d (Tenkan-Sen-Sen Kijun +) / 2, 26 vykreslené období před
5) Senkou Span B \u003d Přední Span B \u003d (Nejvyšší vysoké + nízké nejnižší) / 2, za posledních 52 období, osnoval 26 období před
Kumo \u003d Cloud \u003d plocha mezi Senkou Span A a B
Příklad grafu je znázorněna Ichimoku výše.
Tlumočení
Jak je vidět z rovnice, Ichimoku je velmi podobný Klouzavý průměr studií. A stejně jako klouzavé průměry, nakupovat a prodávat signály jsou uvedeny s přechodem technikou.
Býčí signál je vydán, když Tenkan-Sen (zelená linka) protíná Kijun-Sen (fialová čára) z níže. Na druhé straně je medvědí signál vydá, jestliže Tenkan-Sen kříže Kijun-Sen shora.
Navíc, tam jsou ve skutečnosti různé úrovně síly pro nakupovat a prodávat signály grafu Ichimoku.
Za prvé, jestliže tam byl optimistický signál crossover a crossover došlo nad Kumo (nebo mraky), bylo by to považováno za velmi silný signál koupit (je uvedeno se třemi zelenými šipek nahoru). V kontrastu, kdyby tam byl bearish crossover signál a crossover došlo pod Kumo, bylo by to považováno za velmi silný prodejní signál (je uvedeno se třemi červenými dolů, jak je uvedeno výše).
Zadruhé by normální koupit nebo prodat signál být vydáno v případě, že crossover se konala v rámci Kumo (nebo mraky). Tyto signály by byly označeny dvě zelené šipky nahoru, pro signál koupit, a dvě červené dolů, za prodejní signál.
Zatřetí by slabý signál koupit udělit, jestliže tam byl optimistický crossover, k nimž došlo pod Kumo (nebo mraky). To je indikováno pouze s jednou zelenou šipku nahoru (viz výše). Na druhou stranu, by slabý signál prodat být vydáno, pokud by existovala bearish crossover, která nastala nad Kumo. To je indikováno pouze s jednou červenou šipku.
Dalším pozoruhodným rysem této metody grafů Ichimoku je identifikace úrovně podpory a odporu. Tyto úrovně lze detekovat přítomnost Kumo (nebo mraky). Kumo lze také použít k identifikaci převažující trend na trhu. Pokud je cena nad Kumo, je převládající trend řekl, aby byl nahoru. A pokud je cena pod Kumo, je převládající trend řekl, aby byl dole.
Konečné rysem grafu Ichimoku je Chikou Span (nebo Rozehrání Span). Tato linka může být použita pro určení pevnosti koupit nebo prodat signál. Pokud Chikou Span je pod zavírací cenou pro 26 období před a prodávat signál je vydán, pak síla je s prodejci, jinak to je slabý signál prodat. Naopak, kdyby tam byl signál koupit a Chikou rozpětí je vyšší než cena, za 26 období před, pak je tu sílu vzhůru, jinak to může být považován za slabý signál koupit. Tato funkce může být také začleněny do jiných signálů.
Parametry
Existují tři hlavní období - 9, 26 a 52. Když byly tyto ukazatele vytvořeny zpět v roce 1930, obchodní týden byla 6 dnů.
9 období, nebo dny \u003d jeden a půl týdne
26 \u003d období jeden měsíc
52 \u003d období dva měsíce
Nyní, že obchodní týden 5 dnů, jeden může chtít změnit parametry následující:
7 nebo 8 dob nebo dny \u003d jeden a půl týdne
22 \u003d období jeden měsíc
44 \u003d období dva měsíce
Vizuální obchodování stanoví Ichimoku Kinko Hyo na výchozí parametry 9, 26 a 52 období.
zdroj
Tuesday, December 14, 2010
Thursday, September 9, 2010
Forex Trading System
Forex Trading System
It seems that everywhere you look, you see advertisements for software promising accurate buy and sell signals and profits with every trade. Just have a look at some captions of the adverts I have seen!
“I’ve Finally Cracked the Forex Code”
“ Make thousand pips every month”
“ Trade Forex with a secret formula that only a handful of Traders use” The list is endless.. These so-called killer systems don’t come cheap, costing you thousands to buy. However with just a little bit of effort, you too can “crack this secret code” yourself.
Once again let me assure you, from my experience and knowledge of being a trader for the past 20 years, that there is “NO Secret Code”, “NO Killer Systems”, “NO Holy Grail”, and “No Unique Discoveries”.
In my opinion most of these adverts are no more than scams. It may not make YOU rich, but it will certainly make the Vendor’s millionaires. Most of these secrets and codes or discoveries are readily available to you. The only secret is that YOU don’t know how to use these simple strategies! Or nobody has shown you how to use them correctly.
This is precisely what I am going to do in my book – “ The way to Trade Forex”, I hope to hold your hand and show you step by step how to create a killer trading system of your own. However, the fact is that many traders are simply lazy and cannot make time to plan or create a system.
YOU have a choice, either become a winning trader or continue to lose money!
What Is a Trading System?
A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for your trade. These points, known as signals, are often marked on a chart in real time and will prompt you to pull the trigger.
Here are some of the most common tools used to construct a trading system-
Chart Patterns
Moving Averages
Stochastics
Oscillators
Relative Strength
Bollinger Bands
Elliott Wave
Often, two or more of these forms of indicators will be combined in the creation of a rule. For example, the MA crossover system uses two moving average parameters, the long-term and the short-term, to create a rule:
FX trading school
Advantages
So, why might you want to adopt a trading system?
It takes all emotion out of trading – Emotion is often cited as one of the biggest flaws of individual investors. By cutting down on these human inefficiencies, system traders can increase profits. Apart from going through lot of strategies in this book so that you can construct your own Trading System, I am also devoting lot of space in psychology of trading, without which a trader can simply not succeed.
It can save a lot of time – Once an effective system is developed and optimised, there is little to no effort necessary on the part of the trader. Computers are often used to automate the signal generation.
Developing an effective trading system is by no means an easy task. It requires a solid understanding of the many parameters available, the ability to make realistic assumptions, and the time and dedication to develop the system. However, if developed and deployed properly, a trading system can yield many advantages. It can increase efficiency, free up-time and, most importantly, increase your profits.
Designing a Trading System
In my book “The Way to Trade FOREX”, I discuss many of the successful and profitable trading strategies that I have made use of from most of the Tools mentioned above. In addition as a follow up service, I am also extending a free 1 month mentoring so as to help you not only devise a Trading system, but also help you in preparing a Trader’s Plan or assist with your Trader Psychology.
Here are some of the key factors to keep in mind when designing a trading system in the FOREX:
1. The liquidity and the volume in the Forex market is huge, therefore making trading systems more accurate and effective.
2. Most brokers do not charge commissions in this market, only spreads Therefore, it’s much easier to make many transactions without increasing costs. Some brokers offer a very low pip spread.
3. Compared to the amount of equities or commodities available, the number of currencies to trade is limited. But because of the availability of ‘exotic currency pairs’--that is, currencies from smaller countries--the range is not limited.
4. The main trading systems used in FOREX are those that follow trends (a popular saying in the market is “the trend is your friend”), or systems that buy or sell on breakouts. This is because economic indicators often cause large price movements at one time.
5. A good quality charting package, I use the eSignal and would highly recommend this package to any readers.
In my long experience of Trading, I have read many books on trading and technical analysis. I have come across very few books, which focus on the importance of trading plans and trading systems and assisting their readers in creating such a system. This is precisely what this book is aimed at, i.e. Assist you in creating your own killer trading system, having a trading plan, and finally a follow-up service.
Overcoming Fear
How do you define fear? “A strong emotion caused by anticipation or awareness of danger, it implies anxiety and usually the loss of courage.” This definition of fear is useful in helping define the issues that traders face when coping with fear. The reality is that all traders feel fear at some level, but the key is how we prepare to address our concerns related to taking on risk as a trader.
Mark Douglas, in his book, ‘Trading in the Zone’, says that most investors believe they know what is going to happen next. This causes traders to put too much weight on the outcome of the current trade, while not assessing their performance as “a probability game” that they are playing over time. This manifests itself in investors getting too high and too low and causes them to react emotionally, with excessive fear or greed after a series of losses or wins.
All traders will encounter fear at some stage, no matter whether you are a professional or a novice trader, this seems inevitable, and to succeed and fight fear, traders will have to work through this positively. Winning traders manage their fear, while losers are controlled by it.
Winners take positive action in spite of their fears.
Two of the greatest fears that a trader will encounter can be,
1. Fear of Loss
2. Fear of Letting a profit turn into a loss Fear of a Loss
Fear of Loss
No matter how skilled you may be in your technical analysis, or your study of fundamental analysis, or your having devised some brilliant trading strategies – but you may still face roadblocks on becoming a successful and a profitable trader. Why? – Overcoming fear of losing money. I have never met a trader who really likes losing money – at the same time I have never come across any trader who has NEVER lost any money. I know of one leading “guru” on charts and technical analysis in UK, who regularly lectures at seminars, once admitted that despite being brilliant in his study of technical analysis, he has failed miserably in his trading, having blown his account many times – now he just concentrates on teaching trading to others!
Fear of losing is not a problem, but it is how you handle the loss. A trader, who is relaxed, can look forward to another trade. Your success or failure in trading depends on your attitudes towards your gain as well as losses – and how you handle them.
The market does not know that you, the traders exists, you or for that matter any trader cannot do anything to change the market or influence it. Only YOU can control your behaviour.
Whether it is a big drawdown on an account, or a good profitable trade, a professional trader uses his head to stay calm and will look for his new trade. Only a novice trader will become excited and depressed. You are simply wasting your precious nervous energy! The primary difference between a professional trader and a novice trader is how they handle a loss. One of the greatest reason for a lack of success in trading is because most traders played it safe, they are so afraid of losing that they simply do not pull the trigger, even when they have a great trade! To a professional trader, winning means being unafraid to lose. Imagine how many times did you fall down, before you finally learnt to ride a bike? Or how many times did the baby fall down before the child went from crawling to walking to running?
So for most novice traders, the reason they do not win in their trading is because the pain of losing money is far greater than the joy of being a winning trader, on the other hand losing inspires a professional trader, for he will look at that as a way to learn from that loss and he will always ask the question, how can I profit the next time? The winning trader will have a trading journal, where he records his trade; he will pull out the chart, and study it carefully, why the trade made a loss. A professional Trader is more concerned about avoiding a big loss, and less concerned about small losses.
One trader that I had recently coached had an overall winning trade of 80%, yet his overall monetary record is of having a massive loss. He likes trading stock futures, particularly the stock Google, had many, many successful trades on the long side, but finally he went short at $179 and at the time of writing this book, he was still short with the price at $198. He had many opportunities to come out with a small loss, but “he did not want to take a loss”. This position has stopped him focussing on new opportunities.
The longer you can stay in the game with a sound trading plan, the more likely you will start to experience a better run of trades, that will always serve you well in times of temporary trading slumps. Being a cricket follower, I see that even a world-class cricketer goes through a lean patch, be it Botham, Tendulkar or Richards – But they all come back with a bang, so it should not be different for a trader.
What is important is how well you execute your trading plan, and stay focussed with ruthless discipline. With a good trading plan you should be able to have an entry and exit strategies, which you will action decisively and not hesitantly.
Fear of letting a profit turn into a loss
I am often asked when do I take my profit? - I simply say, “Go with the trend! – Let the profits run, and cut the losses short” But what do most Traders do? They SNATCH PROFITS and let the losses run! Too many traders want to lock in a quick profit to guarantee that they feel like a winner.
In the above example of a trader who was trading Google, had he just followed the above rule, of letting the profits run and cutting short the loss, he would have quadrupled his equity. Yet now he is close to getting wiped out. He is now saving money from his full time job, to fund his account to have another go!
So when do you take profits? For example I tend to break my trade into 2 lots, or 4 lots, depending on what time frame I am trading. So lets say If I am trading a shorter term time frame, I break my trade in 2 lots, so that as soon as I am say 30 points in profit, I close 50% of my trade
and then for the remaining, I move my stop to break even. This way I am guaranteed that I will not lose! I will let the second lot run and I am seeking to ride the position with a trailing stop on the remaining portion of the position. Quite often I get stopped out, but imagine if only 2 out 10 trades you catch are a “big move” – what would that do to your bank balance! – The key is patience.
If however, I were trading a longer-term time frame, I would break the trade in 4 parts, taking 25% profits gradually, and at the same time trying to catch the big move. This strategy has given me the most confidence.
In 2003 I went long on the Nikkei Index, after it broke out of its long downtrend. I was so confident that the bottom was made here, having started of with a wide stop I was now hoping to ride this all the way up! The position was broken down into 4 parts, i.e. 25% each portion. The target for each portion was 250 points, 500, 750 and finally 1,000 points. As soon as my 250 points were achieved, I moved my stop to a Breakeven point in money terms, then a limit order to take profits as the Index went on a run! One of my Trader friends said “ I was crazy” – subsequently he ate his words. In so many years of my trading experience, I have yet to come across anyone, unless they have not told me, to have achieved a thousand points. All you need is faith in your system, with discipline to follow your goal and a lot of patience! One of my goals is to target a point gain of 5,000 points on Google, either on a short side or Long. You will know of it, when I achieve it So just how do you achieve the faith in your system, the discipline and patience? In my opinion, for a novice trader, it is vitally important to have some sort of consultancy from experienced traders or have a trader’s coach to guide them. Few thousands spent on being mentored, will more than be paid for not only from the profits that you will make as a result – but also the losses you will not sustain. Refer to the section “A trading coach” for more information.
You have a choice, and only YOU, can make that decision
Jay Lakhani was born in Malawi, C.Africa and came to the UK when he was 18. He is a professional trader and has been involved with markets since his early twenties. He has
extensive experience of both the US and UK stock markets – Trading in derivatives, Forex, Index & Stock futures, and Commodities.
Jay was introduced to the glory of the Stock market by the Lady Thatcher’s Privatisation programme in the eighties, and has never looked back. He has survived a number of stock
market crashes, including the crash of 1987 – an experience that has made him a better trader today. Over the years, he has developed unique trading systems and strategies, which have made him into a successful trader.
One would say that Jay is blessed with a mind that finds creative solutions to problems; a kind of a person that sees multiple solutions, he has a very inquiring mind. Once he is shown a strategy, he will always look at ways at which it can be improved. Jay uses Technical Analysis in his trading, and believes that successful trading is based on your Strategies and Techniques – your system. He also believes that more emphasis should be put on the trader psychology and having a disciplined money management.
Jay is also the Internet’s foremost Forex coach and mentor, and teaches his system to individual investors. For more information about his training and mentoring programme, go to http://www.4x4u.net/
Prior to becoming a full time trader, Jay was an Accountant, having worked with large companies such as British Airways and Visionhire – a Granada Company. Later on, Jay was working as a Financial Planner specialising in Portfolio Management and Tax Planning.
It seems that everywhere you look, you see advertisements for software promising accurate buy and sell signals and profits with every trade. Just have a look at some captions of the adverts I have seen!
“I’ve Finally Cracked the Forex Code”
“ Make thousand pips every month”
“ Trade Forex with a secret formula that only a handful of Traders use” The list is endless.. These so-called killer systems don’t come cheap, costing you thousands to buy. However with just a little bit of effort, you too can “crack this secret code” yourself.
Once again let me assure you, from my experience and knowledge of being a trader for the past 20 years, that there is “NO Secret Code”, “NO Killer Systems”, “NO Holy Grail”, and “No Unique Discoveries”.
In my opinion most of these adverts are no more than scams. It may not make YOU rich, but it will certainly make the Vendor’s millionaires. Most of these secrets and codes or discoveries are readily available to you. The only secret is that YOU don’t know how to use these simple strategies! Or nobody has shown you how to use them correctly.
This is precisely what I am going to do in my book – “ The way to Trade Forex”, I hope to hold your hand and show you step by step how to create a killer trading system of your own. However, the fact is that many traders are simply lazy and cannot make time to plan or create a system.
YOU have a choice, either become a winning trader or continue to lose money!
What Is a Trading System?
A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for your trade. These points, known as signals, are often marked on a chart in real time and will prompt you to pull the trigger.
Here are some of the most common tools used to construct a trading system-
Chart Patterns
Moving Averages
Stochastics
Oscillators
Relative Strength
Bollinger Bands
Elliott Wave
Often, two or more of these forms of indicators will be combined in the creation of a rule. For example, the MA crossover system uses two moving average parameters, the long-term and the short-term, to create a rule:
FX trading school
Advantages
So, why might you want to adopt a trading system?
It takes all emotion out of trading – Emotion is often cited as one of the biggest flaws of individual investors. By cutting down on these human inefficiencies, system traders can increase profits. Apart from going through lot of strategies in this book so that you can construct your own Trading System, I am also devoting lot of space in psychology of trading, without which a trader can simply not succeed.
It can save a lot of time – Once an effective system is developed and optimised, there is little to no effort necessary on the part of the trader. Computers are often used to automate the signal generation.
Developing an effective trading system is by no means an easy task. It requires a solid understanding of the many parameters available, the ability to make realistic assumptions, and the time and dedication to develop the system. However, if developed and deployed properly, a trading system can yield many advantages. It can increase efficiency, free up-time and, most importantly, increase your profits.
Designing a Trading System
In my book “The Way to Trade FOREX”, I discuss many of the successful and profitable trading strategies that I have made use of from most of the Tools mentioned above. In addition as a follow up service, I am also extending a free 1 month mentoring so as to help you not only devise a Trading system, but also help you in preparing a Trader’s Plan or assist with your Trader Psychology.
Here are some of the key factors to keep in mind when designing a trading system in the FOREX:
1. The liquidity and the volume in the Forex market is huge, therefore making trading systems more accurate and effective.
2. Most brokers do not charge commissions in this market, only spreads Therefore, it’s much easier to make many transactions without increasing costs. Some brokers offer a very low pip spread.
3. Compared to the amount of equities or commodities available, the number of currencies to trade is limited. But because of the availability of ‘exotic currency pairs’--that is, currencies from smaller countries--the range is not limited.
4. The main trading systems used in FOREX are those that follow trends (a popular saying in the market is “the trend is your friend”), or systems that buy or sell on breakouts. This is because economic indicators often cause large price movements at one time.
5. A good quality charting package, I use the eSignal and would highly recommend this package to any readers.
In my long experience of Trading, I have read many books on trading and technical analysis. I have come across very few books, which focus on the importance of trading plans and trading systems and assisting their readers in creating such a system. This is precisely what this book is aimed at, i.e. Assist you in creating your own killer trading system, having a trading plan, and finally a follow-up service.
Overcoming Fear
How do you define fear? “A strong emotion caused by anticipation or awareness of danger, it implies anxiety and usually the loss of courage.” This definition of fear is useful in helping define the issues that traders face when coping with fear. The reality is that all traders feel fear at some level, but the key is how we prepare to address our concerns related to taking on risk as a trader.
Mark Douglas, in his book, ‘Trading in the Zone’, says that most investors believe they know what is going to happen next. This causes traders to put too much weight on the outcome of the current trade, while not assessing their performance as “a probability game” that they are playing over time. This manifests itself in investors getting too high and too low and causes them to react emotionally, with excessive fear or greed after a series of losses or wins.
All traders will encounter fear at some stage, no matter whether you are a professional or a novice trader, this seems inevitable, and to succeed and fight fear, traders will have to work through this positively. Winning traders manage their fear, while losers are controlled by it.
Winners take positive action in spite of their fears.
Two of the greatest fears that a trader will encounter can be,
1. Fear of Loss
2. Fear of Letting a profit turn into a loss Fear of a Loss
Fear of Loss
No matter how skilled you may be in your technical analysis, or your study of fundamental analysis, or your having devised some brilliant trading strategies – but you may still face roadblocks on becoming a successful and a profitable trader. Why? – Overcoming fear of losing money. I have never met a trader who really likes losing money – at the same time I have never come across any trader who has NEVER lost any money. I know of one leading “guru” on charts and technical analysis in UK, who regularly lectures at seminars, once admitted that despite being brilliant in his study of technical analysis, he has failed miserably in his trading, having blown his account many times – now he just concentrates on teaching trading to others!
Fear of losing is not a problem, but it is how you handle the loss. A trader, who is relaxed, can look forward to another trade. Your success or failure in trading depends on your attitudes towards your gain as well as losses – and how you handle them.
The market does not know that you, the traders exists, you or for that matter any trader cannot do anything to change the market or influence it. Only YOU can control your behaviour.
Whether it is a big drawdown on an account, or a good profitable trade, a professional trader uses his head to stay calm and will look for his new trade. Only a novice trader will become excited and depressed. You are simply wasting your precious nervous energy! The primary difference between a professional trader and a novice trader is how they handle a loss. One of the greatest reason for a lack of success in trading is because most traders played it safe, they are so afraid of losing that they simply do not pull the trigger, even when they have a great trade! To a professional trader, winning means being unafraid to lose. Imagine how many times did you fall down, before you finally learnt to ride a bike? Or how many times did the baby fall down before the child went from crawling to walking to running?
So for most novice traders, the reason they do not win in their trading is because the pain of losing money is far greater than the joy of being a winning trader, on the other hand losing inspires a professional trader, for he will look at that as a way to learn from that loss and he will always ask the question, how can I profit the next time? The winning trader will have a trading journal, where he records his trade; he will pull out the chart, and study it carefully, why the trade made a loss. A professional Trader is more concerned about avoiding a big loss, and less concerned about small losses.
One trader that I had recently coached had an overall winning trade of 80%, yet his overall monetary record is of having a massive loss. He likes trading stock futures, particularly the stock Google, had many, many successful trades on the long side, but finally he went short at $179 and at the time of writing this book, he was still short with the price at $198. He had many opportunities to come out with a small loss, but “he did not want to take a loss”. This position has stopped him focussing on new opportunities.
The longer you can stay in the game with a sound trading plan, the more likely you will start to experience a better run of trades, that will always serve you well in times of temporary trading slumps. Being a cricket follower, I see that even a world-class cricketer goes through a lean patch, be it Botham, Tendulkar or Richards – But they all come back with a bang, so it should not be different for a trader.
What is important is how well you execute your trading plan, and stay focussed with ruthless discipline. With a good trading plan you should be able to have an entry and exit strategies, which you will action decisively and not hesitantly.
Fear of letting a profit turn into a loss
I am often asked when do I take my profit? - I simply say, “Go with the trend! – Let the profits run, and cut the losses short” But what do most Traders do? They SNATCH PROFITS and let the losses run! Too many traders want to lock in a quick profit to guarantee that they feel like a winner.
In the above example of a trader who was trading Google, had he just followed the above rule, of letting the profits run and cutting short the loss, he would have quadrupled his equity. Yet now he is close to getting wiped out. He is now saving money from his full time job, to fund his account to have another go!
So when do you take profits? For example I tend to break my trade into 2 lots, or 4 lots, depending on what time frame I am trading. So lets say If I am trading a shorter term time frame, I break my trade in 2 lots, so that as soon as I am say 30 points in profit, I close 50% of my trade
and then for the remaining, I move my stop to break even. This way I am guaranteed that I will not lose! I will let the second lot run and I am seeking to ride the position with a trailing stop on the remaining portion of the position. Quite often I get stopped out, but imagine if only 2 out 10 trades you catch are a “big move” – what would that do to your bank balance! – The key is patience.
If however, I were trading a longer-term time frame, I would break the trade in 4 parts, taking 25% profits gradually, and at the same time trying to catch the big move. This strategy has given me the most confidence.
In 2003 I went long on the Nikkei Index, after it broke out of its long downtrend. I was so confident that the bottom was made here, having started of with a wide stop I was now hoping to ride this all the way up! The position was broken down into 4 parts, i.e. 25% each portion. The target for each portion was 250 points, 500, 750 and finally 1,000 points. As soon as my 250 points were achieved, I moved my stop to a Breakeven point in money terms, then a limit order to take profits as the Index went on a run! One of my Trader friends said “ I was crazy” – subsequently he ate his words. In so many years of my trading experience, I have yet to come across anyone, unless they have not told me, to have achieved a thousand points. All you need is faith in your system, with discipline to follow your goal and a lot of patience! One of my goals is to target a point gain of 5,000 points on Google, either on a short side or Long. You will know of it, when I achieve it So just how do you achieve the faith in your system, the discipline and patience? In my opinion, for a novice trader, it is vitally important to have some sort of consultancy from experienced traders or have a trader’s coach to guide them. Few thousands spent on being mentored, will more than be paid for not only from the profits that you will make as a result – but also the losses you will not sustain. Refer to the section “A trading coach” for more information.
You have a choice, and only YOU, can make that decision
Jay Lakhani was born in Malawi, C.Africa and came to the UK when he was 18. He is a professional trader and has been involved with markets since his early twenties. He has
extensive experience of both the US and UK stock markets – Trading in derivatives, Forex, Index & Stock futures, and Commodities.
Jay was introduced to the glory of the Stock market by the Lady Thatcher’s Privatisation programme in the eighties, and has never looked back. He has survived a number of stock
market crashes, including the crash of 1987 – an experience that has made him a better trader today. Over the years, he has developed unique trading systems and strategies, which have made him into a successful trader.
One would say that Jay is blessed with a mind that finds creative solutions to problems; a kind of a person that sees multiple solutions, he has a very inquiring mind. Once he is shown a strategy, he will always look at ways at which it can be improved. Jay uses Technical Analysis in his trading, and believes that successful trading is based on your Strategies and Techniques – your system. He also believes that more emphasis should be put on the trader psychology and having a disciplined money management.
Jay is also the Internet’s foremost Forex coach and mentor, and teaches his system to individual investors. For more information about his training and mentoring programme, go to http://www.4x4u.net/
Prior to becoming a full time trader, Jay was an Accountant, having worked with large companies such as British Airways and Visionhire – a Granada Company. Later on, Jay was working as a Financial Planner specialising in Portfolio Management and Tax Planning.
Friday, August 20, 2010
Positive Volume Index - PVI
Positive Volume Index PVI
The Positive Volume Index was introduced (in Stock Market Logic) by Norman Fosback and is often used in conjunction with Negative Volume Index to identify bull and bear markets... more
The Positive Volume Index was introduced (in Stock Market Logic) by Norman Fosback and is often used in conjunction with Negative Volume Index to identify bull and bear markets... more
Negative Volume Index NVI
Negative Volume Index NVI
Negative Volume Index
The Negative Volume Index was introduced (in Stock Market Logic) by Norman Fosback and is often used in conjunction with Positive Volume Index to identify bull markets. The two indicators are based on the assumption that the smart money dominates trading on quiet days and that the uninformed crowd dominates trading on active days... more
Negative Volume Index
The Negative Volume Index was introduced (in Stock Market Logic) by Norman Fosback and is often used in conjunction with Positive Volume Index to identify bull markets. The two indicators are based on the assumption that the smart money dominates trading on quiet days and that the uninformed crowd dominates trading on active days... more
Sunday, August 8, 2010
The Way to Trade Forex by Jay Lakhani
The Way to Trade Forex by Jay Lakhani
Jay Lakhani was born in Malawi, C.Africa and came to the UK when he was 18. He is a professional trader and has been involved with markets since his early twenties. He has
extensive experience of both the US and UK stock markets – Trading in derivatives, Forex, Index & Stock futures, and Commodities...
The Way to Trade Forex - Discover the Successful and Profitable Trading Strategies
"Failure is a man who has not learnt from his blunders. If you are able to cash in on that experience you are on the path to success" - Jay Lakhani, Forex Trader
It is a sad fact that 90% of traders fail, and many very quickly give up. Why? When I went through a phase of losing trades I treated it as a temporary setback and went back to the drawing board. I analysed the reasons of my failure and I sought the guidance of Top Traders, Mentors and Coaches to put me back on the path of success and profitability.
In my opinion the high rate of failure for a new trader can be related to the six major obstacles that a trader faces, which are summarised as follows -
Poor Skills
Lack of adequate capital
Setting unrealistic targets and goals
Lack of Patience
Lack of discipline
High risk aversion.
If we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper Trading System and a Trading Plan- One that includes mind training, quality Forex education and strategies and sound money management rules.
So what are the Characteristics of a Successful Trader? All we have to do is to reframe the liabilities listed above:
- Adequate trading knowledge and understanding. You should seek services of good quality mentors and a trading coach.
- Adequate capitalisation - Don't be fooled that you can earn thousands every week from a starting capital of $500
- Realistic Goals - don't expect 100% profit each month, it simply is not possible.
- Have patience - don't trade if you don't have to. You should wait for a set-up according to your trading plan and system.
- Have Discipline to follow your rules
- Understanding and Managing Risk
- And lastly the most important is having a Trading System and a Trading Plan. Virtually 90% of Traders that
I have coached have never had one!
If you look at the advice from the world's most successful people or traders today, you will notice that they follow the guidelines as identified above.
"Define first the level of risk you dare assume. Start with a small position, and then build it up if it works" - George Soros
"Give me a stock clerk with a goal and I'll give you a man who will make history. Give me a man with no goals and I'll give you a stock clerk" - J.C. Penny
" If you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us." - Jim Rohn
In this course, I will attempt to turn you from an amateur trader to a master trader. All you have to simply do is to follow the simple ideas and strategies put forward in this manual. It is only
YOU who is responsible for your success or failure."I can show you the path to successful trading - but YOU have to make a choice to follow it or not."
- Jay Lakhani, Forex Trader
free download book here
.
Jay Lakhani was born in Malawi, C.Africa and came to the UK when he was 18. He is a professional trader and has been involved with markets since his early twenties. He has
extensive experience of both the US and UK stock markets – Trading in derivatives, Forex, Index & Stock futures, and Commodities...
The Way to Trade Forex - Discover the Successful and Profitable Trading Strategies
"Failure is a man who has not learnt from his blunders. If you are able to cash in on that experience you are on the path to success" - Jay Lakhani, Forex Trader
It is a sad fact that 90% of traders fail, and many very quickly give up. Why? When I went through a phase of losing trades I treated it as a temporary setback and went back to the drawing board. I analysed the reasons of my failure and I sought the guidance of Top Traders, Mentors and Coaches to put me back on the path of success and profitability.
In my opinion the high rate of failure for a new trader can be related to the six major obstacles that a trader faces, which are summarised as follows -
Poor Skills
Lack of adequate capital
Setting unrealistic targets and goals
Lack of Patience
Lack of discipline
High risk aversion.
If we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper Trading System and a Trading Plan- One that includes mind training, quality Forex education and strategies and sound money management rules.
So what are the Characteristics of a Successful Trader? All we have to do is to reframe the liabilities listed above:
- Adequate trading knowledge and understanding. You should seek services of good quality mentors and a trading coach.
- Adequate capitalisation - Don't be fooled that you can earn thousands every week from a starting capital of $500
- Realistic Goals - don't expect 100% profit each month, it simply is not possible.
- Have patience - don't trade if you don't have to. You should wait for a set-up according to your trading plan and system.
- Have Discipline to follow your rules
- Understanding and Managing Risk
- And lastly the most important is having a Trading System and a Trading Plan. Virtually 90% of Traders that
I have coached have never had one!
If you look at the advice from the world's most successful people or traders today, you will notice that they follow the guidelines as identified above.
"Define first the level of risk you dare assume. Start with a small position, and then build it up if it works" - George Soros
"Give me a stock clerk with a goal and I'll give you a man who will make history. Give me a man with no goals and I'll give you a stock clerk" - J.C. Penny
" If you go to work on your goals, your goals will go to work on you. If you go to work on your plan, your plan will go to work on you. Whatever good things we build end up building us." - Jim Rohn
In this course, I will attempt to turn you from an amateur trader to a master trader. All you have to simply do is to follow the simple ideas and strategies put forward in this manual. It is only
YOU who is responsible for your success or failure."I can show you the path to successful trading - but YOU have to make a choice to follow it or not."
- Jay Lakhani, Forex Trader
free download book here
.
Monday, April 12, 2010
E-mini Russell 2000 futures - ticker TF
E-mini Russell 2000 futures - ticker TF - (dříve ER2)
Real-Time E-Mini Futures Symbol List
E-mini Futures Dow mini's, S&P's, Russell, etc...
How to find a stock options symbol
Commodities List
Real-Time E-Mini Futures Symbol List
Futures Symbols Guide
E-MINI INFO
Real-Time E-Mini Futures Symbol List
E-mini Futures Dow mini's, S&P's, Russell, etc...
How to find a stock options symbol
Commodities List
Real-Time E-Mini Futures Symbol List
Futures Symbols Guide
E-MINI INFO
CCI - Woodi
CCI - Woodi
Woodiepedia CCI Trading University Forum Index -> Amibroker
Does the Woodies Double CCI ever repaint?? I mean after candle close.
AmiBroker - AFL – programujte si svoje nápady
Woodiepedia CCI Trading University Forum Index -> Amibroker
Does the Woodies Double CCI ever repaint?? I mean after candle close.
AmiBroker - AFL – programujte si svoje nápady
Saturday, April 10, 2010
EMA - exponential moving average
EMA - exponential moving average
Proč mám rád k obchodování EMA34 + EMA204
Pokud se EMA 10 nalézá nad EMA 34 vstupujeme do dlouhé pozice (nákup), pokud EMA 10 je pod EMA 34 vstupujeme do krátké pozice (prodej).
První výsledky vánočního bádání aneb filtr na světě
Chop-Zone Indicator
EMA cross system - Banzai
Proč mám rád k obchodování EMA34 + EMA204
Pokud se EMA 10 nalézá nad EMA 34 vstupujeme do dlouhé pozice (nákup), pokud EMA 10 je pod EMA 34 vstupujeme do krátké pozice (prodej).
První výsledky vánočního bádání aneb filtr na světě
Chop-Zone Indicator
EMA cross system - Banzai
Wednesday, April 7, 2010
OBV - On Balance Volume
OBV - On Balance Volume
On Balance Volume
On-Balance Volume (OBV) - The MathWorks
On Balance Volume (OBV)- Technical Analysis, Studies, Indicators
Hlavním předpokladem modelu OBV je myšlenka, že změna objemu předchází změně ceny
Interpretace
Indikátory OBV a RSI jsou dobrými ukazateli na postranních fázích. MACD, na rozdíl od nich, funguje dobře na trendujících trzích.
Benjamin Graham , Peter Lynch , Philip Fisher , Andre Kostolany , John Templeton
On Balance Volume
On-Balance Volume (OBV) - The MathWorks
On Balance Volume (OBV)- Technical Analysis, Studies, Indicators
Hlavním předpokladem modelu OBV je myšlenka, že změna objemu předchází změně ceny
Interpretace
Indikátory OBV a RSI jsou dobrými ukazateli na postranních fázích. MACD, na rozdíl od nich, funguje dobře na trendujících trzích.
Benjamin Graham , Peter Lynch , Philip Fisher , Andre Kostolany , John Templeton
Sunday, April 4, 2010
Saturday, April 3, 2010
Saturday, February 13, 2010
VOLUME
Re: VOLUME
Vloženo uživatelem: DeLucky
Datum: December 28, 2006 08:29PM
Statut uživatele:
Uvedu jeden příklad , TRH vytvořil nové high VOLUME utvořilo nové high a OBV vytvořilo nové high . Normálně bych řekl potvrzený býčí trend jenže trh se na další úsečce otočil a udělal medvědí pohyb z 1,2277 do 1,2171 TRH padal dolů VOLUME stoupalo a OBV šlo dolu . Nemůžu sem dát obrázek protože mi to nejde ale pokud by se našel dobrovolník a našel v MT4 trh USCHF / 1H dnes tak jde o úsek 8:30 až 14:30 docela by mne zajímalo zda by to někdo mohl okomentovat kde jsem udělal chybu .
PS: OBV je On-Balance Volume
Re: VOLUME
Vloženo uživatelem: Martinem
Datum: December 28, 2006 07:59PM
Statut uživatele: Gold member
DeLucky,
v trhu musi byt logicky vzdycky stejne mnozstvi byku i medvedu. Ruzne barvy VOL jsou vysvetlene asi o tri prispevky vyse.
Co se tyce TF - "faktor peti" popisuje Elder. To ale neznamena, ze je to jedina spravna cesta. Testujte, zkousejte, analyzujte. To je jedina cesta, jak se dobrat nejakeho vysledku. Nikdo Vam nerekne jaky TF je pro Vas a Vas obchodni system nejlepsi...
--
Martin Kysela
zdroj
Tick je jeden obchod a počet kontraktů, které v daném obchodě proběhly je Volume.
What is a Tick Indicator?
Tick Behind Price Indicator
EasyLanguage Indicator -- How Long (in Min) 1500 Tick Bar Took to Complete
A technical analysis tool which charts a particular pattern of ticks. This tool is often used to predict future market activity or trends, and to analyze the present state of the market.
Volume indicator for Amibroker required afl code
Trading Screens and Trading Decisions: Finding What Works for You
Wednesday Notes - Using the Full Dashboard
Volume indicator for AmiBroker required afl code
Vloženo uživatelem: DeLucky
Datum: December 28, 2006 08:29PM
Statut uživatele:
Uvedu jeden příklad , TRH vytvořil nové high VOLUME utvořilo nové high a OBV vytvořilo nové high . Normálně bych řekl potvrzený býčí trend jenže trh se na další úsečce otočil a udělal medvědí pohyb z 1,2277 do 1,2171 TRH padal dolů VOLUME stoupalo a OBV šlo dolu . Nemůžu sem dát obrázek protože mi to nejde ale pokud by se našel dobrovolník a našel v MT4 trh USCHF / 1H dnes tak jde o úsek 8:30 až 14:30 docela by mne zajímalo zda by to někdo mohl okomentovat kde jsem udělal chybu .
PS: OBV je On-Balance Volume
Re: VOLUME
Vloženo uživatelem: Martinem
Datum: December 28, 2006 07:59PM
Statut uživatele: Gold member
DeLucky,
v trhu musi byt logicky vzdycky stejne mnozstvi byku i medvedu. Ruzne barvy VOL jsou vysvetlene asi o tri prispevky vyse.
Co se tyce TF - "faktor peti" popisuje Elder. To ale neznamena, ze je to jedina spravna cesta. Testujte, zkousejte, analyzujte. To je jedina cesta, jak se dobrat nejakeho vysledku. Nikdo Vam nerekne jaky TF je pro Vas a Vas obchodni system nejlepsi...
--
Martin Kysela
zdroj
Tick je jeden obchod a počet kontraktů, které v daném obchodě proběhly je Volume.
What is a Tick Indicator?
Tick Behind Price Indicator
EasyLanguage Indicator -- How Long (in Min) 1500 Tick Bar Took to Complete
A technical analysis tool which charts a particular pattern of ticks. This tool is often used to predict future market activity or trends, and to analyze the present state of the market.
Volume indicator for Amibroker required afl code
Trading Screens and Trading Decisions: Finding What Works for You
Wednesday Notes - Using the Full Dashboard
Volume indicator for AmiBroker required afl code
Wednesday, February 3, 2010
Candlestick Pattern Dictionary
Candlestick Pattern Dictionary
Candlestick Pattern Dictionary
Introduction to Candlesticks
Bearish Candlestick Dictionary
Candlesticks and Support
Candle stick
Candlestick Pattern Dictionary
Introduction to Candlesticks
Bearish Candlestick Dictionary
Candlesticks and Support
Candle stick
Monday, January 11, 2010
Sunday, January 3, 2010
Ninja Trader TA
NinjaTrader TA
Volume Indicators for NinjaTrader
Video tutoriál
ninja trader indicators blog
Ninja Trader - nastavení programu od A do Z
NT 2000 Volumenastavení
NinjaTrader Indicators
zprávy z forexfaktory do NT = indikátor jtEconNews
http://www.financnik.cz/forum/read.php?2,146666,page=2
Ninja Trader - nastavení programu od A do Z
Hilooftimerange - Opening Range indicator
NinjaTrader a otevření grafu s historickými nebo realtime
Volume Indicators for NinjaTrader
Video tutoriál
ninja trader indicators blog
Ninja Trader - nastavení programu od A do Z
NT 2000 Volumenastavení
NinjaTrader Indicators
zprávy z forexfaktory do NT = indikátor jtEconNews
http://www.financnik.cz/forum/read.php?2,146666,page=2
Ninja Trader - nastavení programu od A do Z
Hilooftimerange - Opening Range indicator
NinjaTrader a otevření grafu s historickými nebo realtime
Excel and Technical Analysis
Excel and Technical Analysis
ANALYZERXL
TraderCode Technical Indicators for Excel
Free Excel Spreadsheets
Excel Tips and Tutorials
Jiří Číhař, Dataspectrum - dokonalý zdroj informací pro práci s Excelem
Excel(entní) taháky
Excel - test
toExcel.Tips
Excel Tutorials and Tips
Excel Tips and Excel Tutorials
Excel Intro: Quiz
Test your Microsoft Excel IQ
Excel Tests
Microsoft Office Excel 2000 Test
ANALYZERXL
TraderCode Technical Indicators for Excel
Free Excel Spreadsheets
Excel Tips and Tutorials
Jiří Číhař, Dataspectrum - dokonalý zdroj informací pro práci s Excelem
Excel(entní) taháky
Excel - test
toExcel.Tips
Excel Tutorials and Tips
Excel Tips and Excel Tutorials
Excel Intro: Quiz
Test your Microsoft Excel IQ
Excel Tests
Microsoft Office Excel 2000 Test
Saturday, January 2, 2010
Technical Analysis - Introduction
Technical Analysis - Introduction
Technical Analysis - Introduction
Market Technicians Association (MTA)
7 TA Tools Of The Trade
Technical Analysis - Introduction
ChartSchool - What is Technical Analysis?
FOREX - Technical Analysis Articles
LT - Technická analýza
Obchodujeme FOREX: Technická analýza
Technická Analýza Měny
Technical indicators
Indicators (oscillators, e.g.: Timing indicators: Relative Strength Index (RSI) Candlestick charting ...
Patterns and chart formations
Trends (following moving average)
Double tops and bottoms
Head and shoulders
Support and resistance
Number theory (Fibonacci numbers, Gann numbers)
Waves (Elliott wave theory)
Gaps (high-low, open-closing)
Technical Analysis: Criticisms
Murphy (1999) informs us that technical analysis relies on the following three premises:
1. Market action discounts everything.
2. Prices move in trends.
3. History repeats itself.
So why doesn't technical analysis discount itself?
A pseudo-science. Technical analysis naturally lends itself to a data-driven approach; instead the practitioner's define and use it according to their beliefs.
Technical Analysis - Introduction
Market Technicians Association (MTA)
7 TA Tools Of The Trade
Technical Analysis - Introduction
ChartSchool - What is Technical Analysis?
FOREX - Technical Analysis Articles
LT - Technická analýza
Obchodujeme FOREX: Technická analýza
Technická Analýza Měny
Technical indicators
Indicators (oscillators, e.g.: Timing indicators: Relative Strength Index (RSI) Candlestick charting ...
Patterns and chart formations
Trends (following moving average)
Double tops and bottoms
Head and shoulders
Support and resistance
Number theory (Fibonacci numbers, Gann numbers)
Waves (Elliott wave theory)
Gaps (high-low, open-closing)
Technical Analysis: Criticisms
Murphy (1999) informs us that technical analysis relies on the following three premises:
1. Market action discounts everything.
2. Prices move in trends.
3. History repeats itself.
So why doesn't technical analysis discount itself?
A pseudo-science. Technical analysis naturally lends itself to a data-driven approach; instead the practitioner's define and use it according to their beliefs.
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