"If you really want something, and
really work hard, and take advantage of opportunities, and never give up, you
will find a way.”
By Jane goodall.
Monday, May 23, 2016
Friday, May 20, 2016
Wednesday, May 18, 2016
Wednesday, May 4, 2016
QUOTE OF THE DAY
"There are powers inside of you which, if you could
discover & use, would make of you everything you ever dreamed or imagined
you could become.”
By Oliver Swett Marden
Tuesday, May 3, 2016
"YOUR WEALTH IS OUR HEALTH"
WHAT HAPPENS IF I CHOOSE NOT TO CONTINUE AFTER 30 DAYS?
Towards the end of your 30 days, we will e-mail you a
monthly subscription information. If we do not receive a response from you,
your signal will automatically expire and you will NOT be charged again.
QUOTE OF THE DAY
"If you play it safe in life, you’ve decided that you
don’t want to grow anymore."
By Shirley Hufstedler
Thursday, April 28, 2016
FOREX THEORY
Commitment of Traders Report
The COT Report: What, Where, When, Why, and How (Part 2)
“Doesn’t the spot forex market have a report that measures
how currency traders are positioned?”
“I’m a spot forex trader! Activity in the futures market
doesn’t involve me.”
Remember, since spot forex is traded over-the-counter (OTC),
transactions do not pass through a centralized exchange like the Chicago
Mercantile Exchange.
So what’s the closest thing we can get our hands on to see
the state of the market and how the big players are moving their money?
Yep, you got it…
QUOTE OF THE DAY
"The only person you should try to be better than, is
the person you were yesterday."
By Unknown Author.
Wednesday, April 27, 2016
QUOTE OF THE DAY
"What the caterpillar calls the end of the world, the
master calls a butterfly."
By Richard Bach.
Tuesday, April 26, 2016
FOREX THEORY
Commitment of Traders Report
The COT Report: What, Where, When, Why, and How
The Commodity Futures Trading Commission, or CFTC, publishes
the Commitment of Traders report (COT) every Friday, around 2:30 pm EST.
Because the COT measures the net long and short positions
taken by speculative traders and commercial traders, it is a great resource to
gauge how heavily these market players are positioned in the market.
Later on, we’ll let you meet these market players. These are
the hedgers, large speculators, and retail traders. Just like players in a team
sport, each group has its unique characteristics and roles. By watching the
behavior of these players, you’ll be able to foresee incoming changes in market
sentiment.
You’re probably asking yourself, “Why the heck do I need to
use data from the FX futures market?”
Monday, April 25, 2016
QUOTE OF THE DAY
"The problem is not the problem; the problem is your
attitude about the problem.”
By Captain Jack Sparrow
Friday, April 22, 2016
FOREX THEORY
How to Develop a Market Sentiment-Based Approach
As a forex trader, it is your job to gauge what the market
is feeling. Are the indicators pointing towards bullish conditions? Are traders
bearish on the economy? We can’t tell the market what we think it should do.
But what we can do is react in response to what is happening in the markets.
Note that using the market sentiment approach doesn’t give a
precise entry and exit for each trade.
But don’t despair! Having a
sentiment-based approach can help you decide whether you should go with the
flow or not. Of course, you can always combine market sentiment analysis with
technical and fundamental analysis to come up with better trade ideas.
In stocks and options, traders can look at volume traded as
an indicator of sentiment. If a stock price has been rising, but volume is
declining, it may signal that the market is overbought. Or if a declining stock
suddenly reversed on high volume, it means the market sentiment may have
changed from bearish to bullish.
Unfortunately, since the forex market is traded over-the-counter,
it doesn’t have a centralized market. This means that the volume of each
currency traded cannot be easily measured.
QUOTE OF THE DAY
"If you really want something, and really work hard,
and take advantage of opportunities, and never give up, you will find a way."
By Jane Goodall.
Thursday, April 21, 2016
"YOUR WEALTH IS OUR HEALTH"
WHAT TIME ARE THE SIGNALS SEND?
The signal software and trading team monitors the markets 24
hours a day. Signals and alerts are sent only when trading opportunities occur.
For this reason, the time alerts sent will vary from day to day.
QUOTE OF THE DAY
"If you play it safe in life, you’ve decided that you
don’t want to grow anymore."
By Shirley Hufstedler
Wednesday, April 20, 2016
FOREX THEORY
Forex Market Sentiment
How’s Mr. Market Feeling? (Part 2)
When trading, traders express this
view in whatever trade he takes. But sometimes, no matter how convinced a trader
is that the markets will move in a particular direction, and no matter how
pretty all the trend lines line up, the trader may still end up losing.
A forex trader must realize that
the overall market is a combination of all the views, ideas and opinions of all
the participants in the market. That’s right… EVERYONE.
This combined feeling that market
participants have is what we call market sentiment.
It is the dominating emotion or
idea that the majority of the market feels best explains the current direction
of the market.
Tuesday, April 19, 2016
Monday, April 18, 2016
FOREX THEORY
Forex Market Sentiment
How’s Mr. Market Feeling?
Every forex trader will always have an opinion about the
market.
“It’s a bear market, everything is going to hell!”
“Things are looking bright. I’m pretty bullish on the
markets right now.”
Each and every trader will have their own personal
explanation as to why the market is moving a certain way.
Friday, April 15, 2016
QUOTE OF THE DAY
"Some people follow their dreams others hunt them down
and beat them mercilessly into submission."
By Neil Kendall.
Thursday, April 14, 2016
Monday, April 11, 2016
FOREX THEORY
Summary: Multiple Time Frame
Analysis
So now you’re done! Now you can add
multiple time frame analysis to your forex trading tool box!
Here are a few tips you should
remember:
You have to decide what the correct
time frame is for YOU. This comes from trying different time frames out through
different market environments, recording your results, and analyzing those
results to find what works for you.
Once you’ve found your preferred
time frame, go up to the next higher time frame. Then make a strategic decision
to go long or short based on the direction of the trend. Then return to your
preferred time frame (or lower) to make tactical decisions about where to enter
and exit (place stop and profit target).
Adding the dimension of time to
your analysis gives you an edge over the other tunnel vision forex traders who
only trade off on only one time frame.
Make it a habit to look at multiple
time frames when trading.
Make sure you practice! You don’t
wanna get caught up in the heat of trading not knowing where the time frame
button is! Make sure you know how to shift quickly between them. Heck, you
should even practice having chart containing multiple time frames up at the
same time!
Choose a set of time frames that
you are going to watch, and only concentrate on those time frames.
Learn all
you can about how the market works during those time frames.
Don’t look at too many time frames,
you’ll be overloaded with too much information and your brain will explode. And
you’ll end up with a messy desk since there will be blood splattered
everywhere.
Stick to two or three time frames. Any more than that is overkill.
We can’t repeat this enough: Get a
bird’s eye view. Using multiple time frames resolves contradictions between
indicators and time frames. Always begin your market analysis by stepping back
from the markets and looking at the big picture.
Friday, April 8, 2016
QUOTE OF THE DAY
"Opportunity does not knock; it presents itself when
you beat down the door."
By Kyle Chandler
Thursday, April 7, 2016
"YOUR WEALTH IS OUR HEALTH"
WHAT’S THE SIGNAL FORMAT?
Signal Format: BUY EUR/USD 1.4100 TP 1.4120
(A minimum total of 600 pips to a maximum total of 1500 pips
in the EUR/USD currency pair of trading signals will be given in a month.)
QUOTE OF THE DAY
"You’re on the road to success when you realize that
failure is only a detour."
By Unknown Author
Wednesday, April 6, 2016
FOREX THEORY
Trading With Three Time Frames (Part 2)
You might use:
· 1-minute, 5-minute, and 30-minute
·
5-minute, 30-minute, and 4-hour
·
15-minute, 1-hour, and 4-hour
·
1-hour, 4-hour, and daily
·
4-hour, daily, and weekly and so on.
When you’re trying to decide how much time in between
charts, just make sure there is enough difference for the smaller time frame to
move back and forth without every move reflecting in the larger time frame.
If the time frames are too close, you won’t be able to tell
the difference, which would be pretty useless.
QUOTE OF THE DAY
"We can’t afford to waste tears on might-have-beens. We
need to turn the tears into sweat that can take us to what can be. ."
By Dennis Waitley
Friday, April 1, 2016
QUOTE OF THE DAY
"We are continually faced by great opportunities
brilliantly disguised as insoluble problems."
By Lee Iacocca
Thursday, March 31, 2016
FOREX THEORY
Trading With Three Time Frames
The largest time
frame we consider our main trend – this shows us the big picture of the pair we
wanna trade.
The next time frame
down is what we normally look at, and it signals to us the medium term buy or
selling bias.
The smallest time
frame shows the short term trend and helps us find really good entry and exit
points.
You can use any
time frame you like as long as there is enough time difference between them to
see a difference in their movement.
Wednesday, March 30, 2016
FOREX THEORY
HOW ACCURATE ARE YOUR SIGNAL PREDICTIONS?
We are absolutely confident of our trading system that we
endorse it with a MONEY BACK GUARANTEE! (Terms and conditions apply).
Monday, March 28, 2016
FOREX THEORY
How to Perform Multiple Time Frame Analysis (Part 5)
As it turns out, the uptrend continues, and EUR/USD
continues to rise up the charts.
Cinderella would have entered just above 1.2800 and if she
had kept the trade open for a couple of weeks, she would have made 400 pips!
She could have bought another pair of glass slippers!
There is obviously a limit to how many time frames you can
study. You don’t want a screen full of charts telling you different things.
Use at least two, but not more than three time frames
because adding more will just confuse the geewillikers out of you and you’ll
suffer from analysis paralysis, then proceed to go crazy.
Is there a wrong way to do multiple time frame analysis, you
ask? Some of our forex friends have been nice enough to give their two cents on
this matter through this forum thread on multiple time frame analysis. At the
end of the day, it really is all about finding what works best for you.
Thursday, March 24, 2016
QUOTE OF THE DAY
"If you set goals and go after them with all the
determination you can muster, your gifts will take you places that will amaze
you."
By Les Brown
Wednesday, March 23, 2016
Tuesday, March 22, 2016
QUOTE OF THE DAY
"There are two mistakes one can make along the road to
truth. Not going all the way and not starting."
By Buddha.
Thursday, March 17, 2016
FOREX THEORY
How to Perform
Multiple Time Frame Analysis (Part 4)
So now Cinderella
is locking her eyes in on the 15-minute chart, and she sees that the trend line
seems to be holding pretty strongly. Not only that, but stochastic are showing
oversold conditions on the 15-minute time frame as well!
She figures that
this could be a good time to enter and buy. Let’s see what happens next.
Tuesday, March 15, 2016
QUOTE OF THE DAY
"All good is gained by those whose thought and life are
kept pointed close to one main thing, not scattered upon a thousand."
By McKenna.
Thursday, March 10, 2016
FOREX THEORY
How to Perform
Multiple Time Frame Analysis (Part 3)
Once she goes back
down to the 1-hour chart, Cinderella sees that a doji candlestick has formed
and the stochastic has just crossed over out of oversold conditions!
But Cinderella
still isn’t quite sure – she wants to make sure she has a really good entry
point, so she scales down to the 15-minute chart to help her find an even
better entry and to give her more confirmation.
Wednesday, March 9, 2016
QUOTE OF THE DAY
"The worst thing that happens to you may be the best
thing for you if you don’t let it get the best of you."
By Will Rogers.
Tuesday, March 8, 2016
QUOTE OF THE DAY
"Up, sluggard, and waste not life; in the grave will be
sleeping enough."
By Benjamin Franklin.
Monday, March 7, 2016
FOREX THEORY
How to Perform Multiple Time Frame Analysis (Part 2)
She sees that the pair is clearly in an uptrend.
This signals to Cinderella that she should ONLY be looking
for BUY signals. After all, the trend is her friend, right? She doesn’t want to
get caught in the wrong direction and lose her slipper.
Now, she zooms back to her preferred time frame, the 1-hour,
to help her spot an entry point. She also decides to pop on the stochastic indicator.
Thursday, March 3, 2016
Wednesday, March 2, 2016
FOREX THEORY
How to Perform
Multiple Time Frame Analysis
Let’s say that
Cinderella, who gets bored all day cleaning up after her evil step sisters,
decides that she wants to trade forex.
After some demo
trading, she realizes that she likes trading the EUR/USD pair the most, and
feels most comfortable looking at the 1-hour chart. She thinks that the
15-minute charts are too fast while the 4-hour take too long – after all, she
needs her beauty sleep.
The first thing
that Cinderella does is move up to check out the 4-hour chart of EUR/USD. This
will help her determine the overall trend.
Monday, February 29, 2016
Thursday, February 25, 2016
FOREX THEORY
How to Do Multiple Time Frame Analysis to Find Better Entry
and Exit Points (Part 2)
You have to remember, a trend on a longer time frame has had
more time to develop, which means that it will take a bigger market move for
the pair to change course. Also, support and resistance levels are more
significant on longer time frames.
Start off by selecting your preferred time frame and then go
up to the next higher time frame.
There you can make a strategic decision to go long or short
based on whether the market is ranging or trending. You would then return to
your preferred time frame (or even lower!) to make tactical decisions about
where to enter and exit (place stop and profit target).
Just so you know, this is probably one of the best uses of
multiple time frame analysis – you can zoom in to help you find better entry
and exit points. By adding the dimension of time to your analysis, you can
obtain an edge over the other tunnel vision traders who trade off on only one
time frame.
Did you get all of that? Well, if you didn’t, no worries –
we’re gonna go through an example now to help make things a little clearer.
QUOTE OF THE DAY
"The key to success is to focus our conscious mind on
things we desire, not things we fear."
By Brian Tracy.
Wednesday, February 17, 2016
QUOTE OF THE DAY
"Every adversity, every failure, every heartache
carries with it the seed of an equal or greater benefit."
By Napoleon Hill.
Monday, February 15, 2016
FOREX THEORY
How to Do Multiple
Time Frame Analysis to Find Better Entry and Exit Points
No, we aren’t about
to break out into song like the Glee cast.
Here at
BabyPips.com, we’ve got our version of a mash-up, which we like to call the
“Time Frame Mash-up”.
This is where
multiple time frame analysis comes in to play.
This is where we’ll
teach you how to not only lock in on your preferred trading time frame, but
zoom in and out of charts so that you can knock a winner out of the park.
You ready? You sure
you can hack this? You’ve basically got a semester left of BabyPips.com High
School of Pipsology?
You don’t wanna
quit now do you?
Didn’t think so!
First of all, take
a broad look at what’s happening.
Don’t try to get
your face closer to the market, but push yourself further away.
QUOTE OF THE DAY
"The two most important days in your life are the day
you are born, and the day you find out why."
By Mark Twain.
Friday, February 12, 2016
"YOUR WEALTH IS OUR HEALTH"
HOW DO I GET ALERTS ON MY MOBILE PHONE?
When you subscribe to SSL FXGURU, you can set up your mobile
phone to receive alerts. Mobile/cell
phone alerts are optional but recommended to ensure you
never miss a trade.
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