Nobel Finance Sydney – Money Matters Newsfeed

By Alfred Carroll

How to get the most camarilla pivot point forex trading signals by trading currency pairs at key times for optimal profits. Many people have read my previous article on forex market key timeframe’s to trade around and so far I am just covering a lot of conceptual stuff the simple ingredients to successful forex trading. Today we will put a forex signal together and show just how fun and easy it is to make forex profit. We will be working with forex flows and basics theory on how you can generate forex signals on the forex markets for fast easy profits!

I will be using our free software in this example located at www.digital-intuition.com and while there is a premium service for our forex signals I am going to layout a simple strategy using only the camarilla calculator provided in the software. No charts, NO tons of indicators just lots of simple trading theory in words you can understand that will get you in the flow of the market.

When developing some of the mechanics of our own trading we coined the term digital Intuition and work off the premise that there is truth in numbers. In this digital age it seems almost anything can be expressed in numbers so it should not be hard to believe that news, sentiment and even fundamentals can be factored into the numbers in a forex currency pair. Lets look at my 3 favorite keys to catching the forex flow and see how they can work together in a synergy building forex signals.

1. Time: I touched on this in my previous article on market timing but you want to be in the market positioned well during the most volatile points of the day. You can never catch every pip but it is likely you will catch the most of a movement when the market is moving most. Timing your trades around when the market is cooking is a key ingredient to my recipe for profits in the forex market.

2. Price: OK have you ever heard the saying that “you have to stand for something or you will fall for anything”. In forex trading this is very true. Let me explain what I mean more clearly. You have to be either close to support or close to resistance before you take action.

Support = You think the market is going to turn and trend upwards but if it has been broken you think a breakout is happening Resistance = You think the market is going to turn and go down but again if it is broken you think a breakout is happening

Anywhere in the middle = I will fall for any trick the forex market throws at me because I am not positioned correctly.

3. Volatility: OK let me point out the last component for you. Get up and run as fast as you can at top speed around your neighborhood for this little experiment. Probably in a while you will get exhausted and eventually slow down to a brisk walk at best. The forex market or any market in my opinion is going to be the same way. Why because the market is composed of human beings ( but what about the automated trading Alfred )? Well who programmed automated forex trading ( human beings ) ? So you see after volatility you can expect a market to cool down and after long periods of no volatility you can expect a market to cook.

Putting it all together. Lets use these 3 keys to unlock a synergistic forex signal. Pull up a chart if you must on USDYEN April 24 – 26 of 2007. Now minimize that chart because in my opinion charts are great for showing you a visual of what is happening or what has already happened on the forex market but I don’t use them for forex signals in the way most people do with all those indicators.

I want you to visit www.forexflows.com and download this software. The software is completely free and this is all that I will be using to setup this position. Once installed you will be using the camarilla pivot calculator. Let me touch on something here briefly and explain. The reason I am so big on Pivots is because they are a predictive indicator. Most indicators simply revolve around a linear representation ( drawings ) over the current market action. In order to draw anything you have to know the beginning and end points therefore most indicators in my opinion are not very useful especially for entry forex signals. Pivots give you hard numbers that everyone will see ( nothing left for interpretation ) and they try and predict pivotal points on the coming day’s market. This lets you get a plan together in advance instead of jumping at a minutes notice when the market moves like 80 – 90% of forex traders.

OK lets plug in some numbers and let me show you an example of a forex signal at work. I spotted this trade with no indicators at all just completely using the 3 elements above and my simple camarilla Pivot calculator included free in the forex flows software.

Time: Firstly I am not even looking for a forex signal until at least 6:00GMT or later. I will sometimes start as Germany opens just to get the last little pips before the UK market opens and a run starts. That is it guys I did not touch the chart because one of my synergy components is time itself.

Price: OK now I plugged in all my numbers into the pivot calculator and saved 3 consecutive days worth of pivots. The pivot Calculator in forex flows has 10 slots available that you can label and it will show you 3 consecutive Central pivot points #1 is the oldest and #3 is the newest.

The 3 Central Pivots were
APR 24: 118.57
APR 25: 118.58
APR 26: 118.59
Camarilla Pivots April 26
H4 118.97
H3 118.81
H2 118.76
H1 118.71
L1 118.60
L2 118.55
L3 118.50
L4 118.34
So the central pivots are very slowly trending up. In fact they are moving to slow ( 1 point a day for the last 3 days ). Question:What will happen after this low Volatility most likely? Answer:

The market will start to cook

When or around what TIME will this most likely happen? Answer: During one of my key timeframe’s explained in earlier articles.

Where or at what price do you enter?
Answer: At 7:00GMT on April 26 USDYEN was trading
at 118.85 this is just above H3 on our Camarilla Pivot Calculator. Now here is where I want to point something out.
A: The last 3 days central Pivots were moving up
B: We had just broken H3 and comon Camarilla theory said that was EXTREME resistance.
C: The market opened modestly above Central pivot so I usually look for long positions on those days.

All these factors
Timing: Just after 7:00GMT market can move big in the next 3 hours
Price: We just broke H3 wich is extreme resistance so predicting a breakout is not a stretch especially since we have been slowly trending up 3 days prior.
Volatility: Central Pivots have been only 1 Pip each day for 3 days so the currency is prime for a breakout.

Now pull up your chart and Viola all our components worked together in a synergy to give us a forex signal at 118.85 and we could ride this breakout all the way up until 16:00GMT 119.51 for 66 Pips profits or $660 trading 1 standard lot. Again Time told us when to leave at 16:00GMT because if you read my other articles you already knew most of the action was over at 16:00GMT and we exit the forex market when most of the action is over. Notice I did not use any indicators but my simple Camarilla pivots and an understanding of the natural flow of the forex markets. This is why we call our forex signal software forex flows. I hope this has opened up some ideas for you guys about trading with synergy on your side and riding the natural flow of the markets.

Posted in Forex | | No Comments »

By Adnan Kaleemi

Stops and reverses are important. Think of it like this. Why do you use stops? Because your prediction or analysis of the markets suggest that the stop area is the price in the markets from where the market can turn. If this is not the reason than why does one use stops? With this analysis of the forex markets or any other form of markets rises another question. Should we use reverses. The only question you will ask at this point is what if the second stop is hit and the result is two trades in a loss? I have often been asked this question and my answer is that if you are too scared to take the losses in trading than you should not trade. Taking profits and not the losses is like breathing in and not breathing out. The whole process of respiration has to be completed. Think of the reverse as a new trade.

The important thing I want to emphasis on again is money management. Two trades with low risk will not hurt you as much as one big loss. Keep the losses small and risk only 1-2% of your account in any given trade. The strategies I give my clients are low risk opportunities so that they can keep their losses low. So reverse your direction with the stop only where it is advised and keep the risk to absolute low. There is no such thing as no risk in the markets. We always look at the risk and reward ratio and positive expectancy.

Posted in Forex | | No Comments »

By Monica Hendrix 

If you want to target 100% annual gains, then the 2 tips enclosed can be incorporated in your forex trading strategy and will instantly make it more profitable. These tips are simple and easy to do and will help you make big profits so here they are.

1. Cut Your Trading Down and Risk More

When I say cut your trading back I mean just that.

I know traders who make 100% annual gains trading less than once a month with their forex trading systems!

Most traders don’t understand this important point:

You don’t get paid for your effort and you don’t get paid for how many times you trade – you get paid for getting your forex trading signals right and that’s it.

If you cut back your trading, you can focus on the really best trades in terms of risk – reward. There is a rule – called the 80 –20 rule that applies in all areas of life and in essence it states:

20% of your effort will produce 80% of your income and it applies in currency trading to.

Furthermore, there is no point on a small FX account of risking just 2% per trade (like many people recommend or diversifying) – all this will do is ensure you make small gains or dilute them.

If you say a trade your confident in hit it hard with up to 20% of your equity. In forex trading you have to take calculated risks – if you don’t, you will never make meaningful gains.

2. Trade High Odds Breakouts

Trade breakouts of valid support or resistance. These are areas that have been tested 4 or 5 times (in at least two different time frames) when these levels break chances are other traders have stops behind the breakout and other technical traders will want to buy.

Once the breakout occurs and is in motion it’s likely to continue – so you are trading with the odds. It’s a fact that most of the biggest trends develop from new market highs – NOT market lows so focus on buying these breakouts.

Trade Less – Risk More

Forget all the nonsense written about day trading and trading frequently – it will simply ensure you lose, as you don’t have the odds in your favour.

If you want triple digit gains, they come from the big breakouts and you need to hit them hard when they come.

Sure, your forex trading strategy won’t involve you trading much – but that doesn’t mean you won’t make a lot of money.

Posted in Forex | | No Comments »

By F. Robey

Forex trading isn’t for sissies.

Savvy traders can make a lot of money with foreign exchange (FOREX) trading, the simultaneous buying of one currency and selling of another in an over-the-counter market. But most who try it (95%!) end up losing their money and quitting.

So why not find out right up front what they’re doing wrong?

Here are 5 ways to lose your shirt with FOREX.

1. Leap Before Your Learn. Because FOREX is so “hot” right now, new traders don’t take the time to learn. Instead of waiting until they understand the fundamentals, they follow advice and tips from other traders. So if you’re not going to take the time to learn how to make sound trading decisions yourself, hire someone to trade for you!

2. Thinking Demo Accounts are Real Life. While using broker demo accounts may be a helpful learning tool, they are not the same as real-life accounts! Time sensitivity is everything in this market, and you don’t get that with demo accounts. When you deal in real time, with real money, the real action begins. So be real careful!

3. Forgetting Trades Happen in Pairs. If you make the right decision about one currency, you’re only half-way there. You have to be right about the second currency that makes up the pair. So be twice as diligent!

4. Getting Upset by Losses. If you’re afraid of losing money on a bad trade, that’s OK—as long as you don’t let that fear keep you from acting. If you do, this isn’t the investment method for you. This is a very volatile market and you need to accept that losses will happen. So accept them when they do, and move onto the next trade!

5. Chasing Short-Term Gains Instead of Developing a Long-Term Strategy. You might get lucky and make a few bucks right away, but the FOREX is not a get-rich-quick scheme. You need to develop a plan for trading success that includes making small trades day in and day out over a long period, instead of expecting to strike it rich with one or two huge trades. So plan for the long haul!

Avoid doing these five things and you and your wallet will be much happier!

Posted in Forex | | No Comments »

By Kelly Price 

Forex charts can make you money, technical analysis works and can make your forex trading strategy a success – but it only works if you use your forex charts in the RIGHT way and most traders fail to do this, which sees them make 3 fatal mistakes that cause losses.

Here are your 3 fatal forex chart errors to avoid

1. Using Technical Analysis On Invalid Data

You need to data that is valid to apply technical analysis and the biggest error a forex trader can make is to try and day trade. Forex day trading causes traders to lose because volatility in short term time frames is totally random and can and does take prices anywhere. This means support ad resistance levels are meaningless and you cannot trade them.

Forex day traders never win and blame their tools but it’s the data length that’s the problem.

2. Predicting

Many traders think they have to predict where forex prices are going to go to win – but this simply means they are relying on hope and if you rely on hope you will lose. You need to execute your trading signals on your forexc charts on price momentum changes – this will put the odds in your favour and allow you to win.

If you don’t know what momentum indicators are learn about them now, o get ready to lose.

3. Buy Low Sell High

This is related to the point above point – people simply love buying dips but they don’t have price momentum on their side and their guessing and more often than not get it is wrong. Furthermore, it’s a known fact that most of the major currency trends start from market highs NOT market lows and traders miss these moves, as their waiting for the dip.

They should be thinking, “buy high sell higher” and going with the breakouts rather than waiting for pullbacks that never come and make them miss the move.

4. Too Many Indicators

Many traders believe that the more indicators they cram into a forex trading system – the better, but the total opposite is true. When there are to many indicators used the system has more elements to break – it’s a fact that simple systems are more robust and more profitable, so when using forex charts keep your system and technical analysis simple.

6. Using Indicators Wrongly or Ones That Dont Work

If you’re using an indicator – use it correctly or not at all. For example, traders use moving averages to execute trading signals – It’s a lagging indicator! and should never be used to execute trading signals.

Traders also like to use Bollinger bands to execute trades but this is simply a volatility indicator and should not be used to execute trading signals.

Many traders also use indicators that dont work and the most common is the fibonacci retracement – its got to be the dumbest indcator out there – devised to slove a problem to do with the copulation of rabbits in the 12th century, its been hijacked by vendors selling it as way to make money – try it and lose.

If you want to use forex charts to make money you have to obey the rules – if you make any of the above mistakes you will lose.

It’s a bit like being a captain of a boat your charts can help you navigate the ocean and earn a living – but if you use them incorrectly and break the rules of the ocean you will lose. So be a good captain in the forex markets, use your technical analysis correctly and navigate your way correctly to big gains.

Posted in Forex | | No Comments »