Technical analysis Trading March 13 2012

EUR/USD as shown in chart 1, the bearish scenario is still valid to double top 1.3040-1.3000 in the short term. To move up, the nearest resistant area around 1.3180, break up the area can bring prices toward the neutral zone in the short term towards the area but over price last 1.3230 under 1.3315 we still prefer the daily scenario in this phase with a bearish strategy short on rallies.

GBP/USD bearish Bias in the short term but keep in mind that we need to break and level the daily closing below the area to confirm the bearish scenario 1.5640 advanced towards the area of 1.5530. Nearby there are around resistant area 1.5695, break back to top the area can bring prices toward the neutral zone test 1.5750-1.5805 and keeping fixed price in the range area any longer.

AUD/USD daily Bias is still bearish in the short term, especially if the price can go back through the down area 1.0475 back test area as target nearest 1.0380 is bearish. Nearby there are around resistant area 1.0525, break up the area are consistent can bring prices toward the neutral zone in the short term and returned mode wait and see after the directions become unclear.

XAU/LOCO Bias is neutral in the short term, the FOMC decision awaits later. Break down the area needed to spark momentum 1675 bearish toward area 1665 and 1650. Temporary break up into the area of 1720 can change the bias to be bullish towards the area of 1735.

INDEX Bearish divergence on the graph HANGSENG 4 hours indicates the current bullish outlook may be constrained by the resistant area in area 21260. A stochastic overbought and can also trigger a bearish correction towards the area of 21000, break into the bawha area this will bring down the hang seng to test low level 20820 as yesterday.

The NIKKEI INDEX was still bullish Bias toward 10000 as resistant nearby, especially if prices broke through to the top front area 9875. While the stochastic overbought on the daily chart, the bearish correction could trigger made to move the above constant 9875 area can bring the nikkei down as bearish correction back to the area of 9700 or even 9585.

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Learn Fundamental Analysis

Here attached some economic news that you need to check out along with a brief description and its effects on the world trading futures (Forex, Stock and Comodity Index).

1. the Average Earning Index (AEI or commonly called the Average Earning only): economic news is usually issued by the United Kingdom and Canada. AEI provides information workers income and its relation to inflation rates through any other fundamental indicators called RPI (Retail Prices Index). When AEI increased faster than RPI then this is an indication that the wages increased faster than the increase in the price of goods. This is good for the economy of a country but disruptive is a rising inflation rate. In forex trading if the inflation increase then the currency is likely to be strengthened because of expectations of rising interest rates. Thus can be inferred when AEI increased then the currency is going up as well. AEI belongs to high volatility expected indicator.

2. Chicago PMI (PMI or Purchasing Manager's Index): fundamental indicators specifically released by the United States. Chicago PMI (PMI) provides information up or indwelling of the expenditure level in the city of Chicago purchasing managers that many of them are the manufacturing industry. The accession of this indicator is an indication of the rise of the currency USD. PMI belongs to high volatility expected indicator.

3. Consumer Price Index (CPI): United Kingdom and the United States is the country that is most often experienced ups and downs of the currency due to CPI News. The CPI is the deciding indiakator at the point the consumer inflation rate. The CPI itself to help determine how the size of consumer confidence in one month in making a purchase. If the CPI rises then the currencies concerned will also join up. CPI is an indicator of medium volatility expected CPI calculation but if done outside of food and energy sector then the CPI can be high volatility expected a fundamental indicator because these two sectors are the most frequently changed sectors from time to time. Regular CPI is issued around the 13th of each month at 20.30 WIB (13.30 GMT).

4. Gross Domestic Product (GDP): Almost everyone knows what it is GDP. Gross Domestic Product In Indonesian Language. GDP is one of the indicators of fundamental importance in the everyday life of our forex. When GDP increased then simply put the currency will be strengthened due to the production of a country also increased.

5. Money Supply: this indicator measuring three things, namely the amount of money in circulation in the community in the form of coins or paper, the size of bank loans to the community and the number of changes in the value of debt has not been repaid by the Government. Rising Money Supply will usually cause the currency strengthened.

6. Non Farm Payrolls: this is one of the most eagerly awaited news by most fundamental trader. Non Farm Payroll (issued by the US) appears once a month on Fridays the first week. Non Farm Payrolls to measure the magnitude of government spending in payment of the salaries outside the agricultural sector compared to the previous month. Increasing the Non Farm Payrolls can lead to currency strengthened dramatically in a matter of tens to a few hundred points. So a NFP can be classified an indicator of very high volatility expected.

7. Producers Price Index (PPI): PPI is an indicator measuring the level of inflation as the CPI. Does it matter if the CPI was on the side of consumers then the PPI inflation measure of the level of the producers. The increase in prices of raw materials, cost of transportation and various production components become part of the calculation of the PPI. If the PPI increased then the currency will be strengthened. PPI ordinary issued around the 11th of every month at 20.30 WIB (13.30 GMT). PPI is high voltility expected indicator.

8. Retail Sales: Retail Sales recorded a total sale of goods in sectors but does not include service for the measurement of services is difficult. Retail Sales is one good indicator to measure the level of consumer spending. Usually bil AEI (Averaga Earning Index) increased the Retail Sales will also increase due to rising wages will certainly followed the increasing consumption. When Retail Sales rise then the currency will also rise in value. Retail Sales was issued around the 12th of each month at 20.30 WIB (13.30 GMT).

9. Trade Balance: Trade Balance is the difference between the value of exports minus the value of imports of a country. Value minus shows imports outweigh export earnings and vice versa if it showed positive espor bigger than imports. Most countries that are expanding or developing countries have trade Trade Balance is negative. However in the money market, the positive value of Trade Balance then strengthened the value of the currency of the country.

 

 

10. ISM Manufacturing Index (ISM-MI): Insititute of Supply Management Manufacturing Index is the biggest indicator to indicator measuring fundamental manufacturing index. Issued on the first day of working hours each month, the ISM-MI is the result of more than 20 surver manufacturing industry and involves 300 purchasing managers in America. How transcription pretty much the same, if the ISM-MI increased course currencies concerned will be strengthened.

11. Consumer Confidence Index (CCI): is an indicator that measures the degree of belief in a consumer survey of 5000 in their views on the prospects and economic future. CCI is issued every Tuesday at the end of the month at 22: 00 pm (3 pm GMT). When the CCI increased that means consumer confidence rises against economic development and resulting currency could rise. CCI belongs to Moderate Volatility Expected indicator.

12. Interest Rate Statement: each month the Central Bank of each country are always announced policy of central bank interest rates as a benchmark for other banks in the country. His decision is up, down or stay. These interest rates will ultimately determine the magnitude of the interest rates of deposits, loans, savings and a range of other policies on world banking and lending applications in that country. It can be said the policy interest rate is one of the final actions of the Central Bank against various economic conditions that occurred in her country.

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Psychological Trading The Key To Success In Trading

Actual trading success lies not in how sophisticated trading system, how accurate analysis, how many indicators, or judged of how big that generate profit d reading I am convinced the longer, the longer the forex trading, will be more afraid, because as time passes it is not profit, but trus yg resulting loss is often precisely in may, MC again and again, not about trading without lossprofit, not about a hundred percent but about consistency, as may some day trading without loss, could few months hundreds of percent profit, but what happens a few days later?? a few MTHS later, profit would be destroyed, the account would be destroyed. due to the mistake once will destroy everything, as evidence of the many world class trader accumulated in zulutrade, PAMM accounts, manage your account, etc.

To say 90% of his or her account loss or MC even slightly can survive more than a year. because it is in fact 90% of traders lose money. that's how cruel the market that does not have the menggilas the whole money qt. How can that happen? wouldn't it be a trading is easy? just buy and sell? can I profit trus, can I profit hundreds of percent? try to prove it can it be consistent! in recent days, months? due to the fact in the most decisive trading is TRADING PSYCHOLOGY.

Surely you also feel the moment has already done the OP feels deg-degan, profit a little-a little, floating minus diclose ditahan-tahan, mentally not strong and many were ultimately stress. Indeed the current difficult trading psychology here, many master told me 90% of the success of the trading that is determined by psychological factors, since this factor will draw on consistency, sincere and realistic, here's a little sharing of forex trading psychology of teachers is very inspiring me, though-forex years I've known are disinclined to always read this again and again, I am sure also if you later have to try trading, Learn forex, from the web or the forums, will definitely have always wanted to read it, again and again, may be useful:

1. We paid because of the discipline.

We don't need to have a 4.0 GPA, no need for maths, no need for fluent 4 languages, no need to have a work experience of 10 years, no need to get up early for a successful night at home forex. Market pay only one thing from us: discipline. Just one. And yes that's just yg needed here, Disiplinlah and the market will meet our account.

2. Not a round ball otherwise.

Case of 10 trading we are only 9 that discipline then we certainly can not say discipline. If we say "I've stopped smoking" but still love ngumpet-ngumpet to smoke it's called YET to stop smoking. Learn to discipline in every trade.

3. don't obati burns with fire.

When the market moves don't suit we hope why should be aggravated by opening the same position continuously even with a lot bigger? Get out or reduce his lot. That's the money we spend, not the leaves of the guava.

4. don't reject fortune.

We've all done this. Market has his money to us with moving appropriate direction is to be expected but we are not satisfied with a little money. Then we tungguin chart and expect that money to be lots and lots of, but often the market turning right and instead we still hope and finally even those of us who have to spend money. No need to be greedy. Toh market open 24 hours. There is still tomorrow. Don't reject fortune which has been served.

5. make a mound of water Useless.

In the unlikely event this afternoon we have 50 pips profit, then the next does not seek a trade loss more than 50 pips. If the time is right, immediately move the stop loss to + 1. Make a mound of land, not water.

6. Setialah.

Any of our trading system. Any charge indicators will. Ambilah of paper and a pen (or open microsoft word). Write our trading system, when do we get in, when to get out, how yg lot opened, where put TP and SL. include a screenshot. Make sedetil possible. Make it as if we are being taught elementary school children for the million dollar mentradingkan us money. After that print and laminate flooring if necessary. Put it on the side of the computer. If the trading system was successful in 50% of the SETIALAH.

7. find the most comfortable clothes.

Do not wear a jacket made of suede material with klo we are allergic to it. Do not wear a black dress during the time that scorching thick. Good for others is not necessarily as good for us. So if we're comfortable with the TF15m, why should force myself daily if it dg TF instead always make deg-degan? Yes try is okay, but enough in acc demo or micro. Find the most profitable trading style but at the same time most convenient and enjoyable by each of us.

 

 

8. make sure tomorrow we can still trading.

Did a meteor headed for Earth sdg? Do tsunami waves are heading into our homes? Whether starting next week forex will pass away? If not, then why are we terburu2 want to dredge the profit as you can today, too? Don't over-trade, do not resikokan money too much, make sure tomorrow we still have balance for trading, in order to pay installments, can I buy children milk, etc. No more pathetic than knowing the price will move 200 pips but ga there are enough funds in our account.

 

 

9. When the building burned, hurry up to get out.

The loser that's not time we loss. The loser that if we know the price is clearly behind the body but still did not dare to cut losses. Don't be afraid of acknowledging our analysis was wrong. All traders must never loss. The snapper was still often wrong. Ga problems we loss today, an important report on the end of the month still profit. Let the profits run, but cut your losses.

10. Just one big idea, and live like a king.

The great inventor must understand this, the musicians, businessmen, and all those who name is never dead. Graham Bell, Edison Alpha, Sukarno, Elvis Presley, Nobel, George Soros, Colonel Sanders, and other great people, all they have in common is having one big idea and focus on him. Because they know, once of great ideas it materialized then they will live like Kings. Discover how trading the best yg according to each one of us, do not stop improving it, and setialah. Do anything to find it, and live like a King. But money management and discipline will determine how long we stay in the Palace.

11. just follow anginnya

So many factors that determine where the wind will blow and as strong as what it is: contour terrain, temperature logging, the position of the Moon and the stars, the amount of nitrogen in the soil, the amount of worms that die per week, etc, etc. But in the end it doesn't really matter what moves the wind, but in what direction we develop screen when the wind comes. In the end it doesn't really matter to analyze price before news happens, just follow the direction of flow of the reply it generates.

12. Mr. clever's old teacher

Maybe the days of school before we ever surprised why the teacher PPKN lancarnya we so called one by one grain of pancasila, a physics teacher or with outside Chief lays out the formula of general relativity? Now we are certainly already know her secret, so if starting today we are loyal to our trading system, we repeat-repeat every day, we pelototin every hour, imagine how great the US 5 or 8 years from now. Keep practicing.

13. that matters not where we are now, but where we are tomorrow

We know it's MC, know it feels like to nonjok monitor. We knew it was hopeless. But the news excited, are there any successful trader who never ngerasain it all? They've all felt it, and they did succeed now. Mean we're right in the same way with them. Forward only, as long as we continue to walk (or crawl) one day surely up well there. No matter how big our MC, but how big our dreams.

14. Gigitlah a little bit or rahangmu off

Some of us may have a target profit daily 50 pip pip, or 100, or 200 pips. Regardless of our targets, try broken down in recent times trading. Get 100pip all trading is often much more difficult (mental and technical) than in the 5-time trading. In fact, after the fact, to eat will be more easy and fun-to-1 direct dish.

15. About waiting

What are the main skills required to become a powerful Hunter? Shoot? It could be. But there is a saying popular in between the hunters: waiting is half the success. Similarly, when a Lion hunting buffalo. Most of his time was spent to precipitate themselves waiting for the right moment, not for running to and fro in pursuit of the Buffalo. Got a thousand and a thousand indicator system is meaningless without knowing how to enjoy a period of waiting.

16. About guard towers

If the place we stand too low so could not see where the storm leads, please check with the guard tower. If the place we stand too high so it can't feel the ground vibrations, ask them below. Look at what is happening in the TF big and small, then decide where it will run.

5. history repeats itself

We are in the age of interglacier, where the flood of Noah was going to come again. Fossil findings turned out to be the world's dikiamatkan say many times. The Asteroid collides with the Earth ever and will definitely come again. History always repeats. Buy a good book and make it a trading journal, write down the error and the achievements of us every day. One day would be pointless, since the double top and doji will come again. False signal will always be tempting. Because history will repeat.

18. once in a while be robots

Target trading we want to buy a larger television or cars that are more kinclong before HIGH SCHOOL reunion next month? Our trading results of debt capital to the bank and a debt collector is waiting in front of the door? Or are we just had an argument with the boss right before the European session open? Or are we just eliminate the money selling rice results in 10 seconds? Get rid of emotion or do not see the chart at all, because the market no matter at all about our problems, he will still be moving anywhere at will, even though I threaten to commit suicide in front of the right

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9 Trading Tips

These 9 Tips for trading book of Abe Layman:

1. Define Your Trading style. First of all, you'll need to do some checking on your own personal, to know the type of trader are you. Whether you are a trader, day trader, swing trader, or other.

2. Select what you will tradingkan. Then you must determine what you tradingkan. You can't possibly trading on all financial instrument. You have to sift through which ones best suit your trading style. – Abe Layman-

3. Determine how to detect a Trend. Third, you need to know how to detect a trend. Trading trend will increase the possibility of appropriate you to get profit and minimize risk. – Abe Layman-

4. define the rules of Opening Position (Entry Rules). You must specify the rules for the open position. in what kind of condition your open positions. Equally as important as determining when you could be trading or not. -Abe-Layman

5. define the rules for the closing position (Exit Rules). The next step is to determine the rules to close the position, either for profit or position is being lost.

6. set the rule to manage risk: defines the amount of money you use for trading losses, set your dare, etc.

7. define the rules of money management. You need to do a money management to determine the portion of the money used in the trading, for example how to divide the money to perform Averaging strategy.

8. write the rules and follow the Rules. This step asks you to write these rules, and mempraktikkannya. You should always follow the rules you create for yourself when trading. -Abe-Layman

9. test your Trading System. Before using the system that you have created in a real emergency room trading, you should first test the system. When you are satisfied with the results, you can try it out on a real emergency room in trading. If not, you can modify it if necessary.

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7 major mistakes Traders

Trading is not an easy thing. You can profit of hundreds of dollars a day with demo accounts, but so real You instead use the money loss.

To be successful in online business trading required persistence and perseverance, as well as in any other business. There is no term so millionaire in 2-3 days or 2-3 months. You have much to learn and continue to hone the skill trading.

To reproduce the experience of all the ins and outs of trading, and market movement behavior could You understand, your intuition will be trained, a moment with just a glance view chart you already know where the market is going to move.

Made a mistake which resulted in losses for traders is common. Professional traders has definitely been experiencing loss, but over increasing their experience, the percentage loss will be much reduced compared loss when starting to practice trading.

The following 7 major mistakes when traders start trading:

1. rush to Trading Live

Less patient, usually so when starting to learn trading. Eager to be trading live with real money in order to directly profit but ruled out trading demo.

With the demo trading you can learn to understand the pattern of the movement of the market, testing the trading system and also learned to understand the characteristics of the products which you like (Forex, stock, commodity index).

And how long should the demo trading for?

There is no rule how long it takes, if you already feel ready, please proceed to the next step, trading with a live account.

A little advice, while trading demo there is no harm in making little notes about your trading history, such as: what error you do so result in frequent loss, and so on.

2. Taking too big a risk

This is a mistake most traders do, too big to take risks.

In their thinking is how to make a quick profit. A day should be able to profit of $ 100, $ 500 or $ 1,000. Their Mindset is already poisoned, that Online trading is a great shortcut earn large amounts of money, they assume it's easy to do online trading.

Risk Management

Due to the huge profits want fast, risk management is ignored. The size of the lot that is used does not account for the number of your trading account.

Some professional traders suggested, for once the trade should only be risking 1% of total account. While a small account for under $ 1,000, up to a 5% risk per trade may still be on tolerance.

Sample computation lot trading:

Trading Account for $ 1,000. Risk = 2% Stop Loss (SL) = 50 pips.

How much does the lot being used?

$ 1000 x 2% = $ 20 – > All trade a maximum loss of $ 20.

$ 20: 50 pips = $ 0.2-> 1 pips worth of $ 0.4

The size of the lot being used is 0.2/10 = 0.04 standard lot.

Small Lot will probably limit the amount of benefits that you can get, but in online trading, the most important is to limit losses that might occur.

With 0.04 lot, you will have a spare 2500 points (1000/0.4). Prices move contrary to your position as much as 2500 point or you loss in 50 consecutive times, your account has expired.

A bit impossible moving currency up to 2500 points in the short time it took months, maybe even years. If the loss up to 50 times in quick succession-also it's very too, though for a first time trader trading.

3. Low Risk Reward Ratio

Try to compare, the winning ratio of 90% with a winning ratio of 70% which is better? (win ratio 90% out of 100, meaning 90 trade including trade profit – red)

Jawabanya, not necessarily a victory ratio of 90% will be better than 70%, because there are still other factors that should be taken into account, i.e. risk come rewards ratio.

As an illustration, mostly traders, if being a position minus the trade will be detained for a long time, until the prices come back positive. Conversely when new profit 5-10 point only, the position already directly in close. This is what causes the risk reward ratio be lower.

If you've got the SL 50 pips profit, while taking away 5 points/trade, with a winning ratio of 90% skalipun, losses are still not covered.

Loss: 50 x 10 trade = 500 pips

Profit: 5 x 90 trade = 450 pips – > still loss 50 pips

Risk reward ratio: 5/50 x 100% = 10%

Try to compare it with a winning ratio of 70% (30 trade loss – 70 trade win), but take a 25 point profit/trade.

Loss: 50 x 30 trade = 1500 pips

Profit: 25 x 70 trade = 1750 pips-profit > 250 pips

Risk reward ratio: 25/50 x 100% = 50%

 

 

4. not soon realised when the Wrong Position

Every time you find your trading in a negative position, usually your little heart will always strive against reality.

"Oh ... This cuman while ... a few minutes more the price is definitely turning, a position which was minus will soon so a plus. "

"Oh ... This is already too low price ... There may be down again, surely soon will rise. "

Yes ... You don't want to admit that you are indeed wrong position. So the position of the loss left open, continue to do just keep hoping that prices reversed direction.

Finally, not profit or break-even position in may, but the price and thus continues the greater the loss.

We recommend that you return in a more careful analysis by the indicators you use, if you are indeed already trade position is correct and there is still a profit to Kansen. If indeed no Kansen, preferably directly on the cut rather than inflicting losses are larger.

5. Overtrading

Some traders may think, with more and more trade then chances of profit will be even greater. But the reality is just the opposite, with more and more trade then the risk of losing the money that it is getting bigger.

With many conducting trade, the analysis is done carefully and be less selective in choosing less trade opportunities that exist.

In addition the possibility of committing errors are also getting bigger, it could be a thin nonetheless taken to soon do trading.

Overtrading

Good step is take the opportunities according to Your analysis of 90% true (you also very sure if analysis won't be missed). So it is highly selective in choosing trade opportunities.

I took a bit of an overview of the example above, suppose you simply do 2 times a day with trade TP 25 points respectively. How can you be in a month with a capital of $ 1,000?

Take Profit: 25 pips/trade, in 1 month there are 20 day trading.

2 x 25 pips x 20 day trading = 1,000 pips/month

1000 pips x $ 0.4 = $ 400

Profit $ 400 a month with a capital of $ 1,000 is a very fantastic figures, Net Gain 40%.

6. Investments with the money Still Needed

Never use money investment that is still required for other purposes. Trading is directly related to the psychology of traders.

If you are using money that may still be needed for other purposes, you are certainly not willingly if the money was missing, as a result of your trading became full of misgivings.

"Wow this is money paid for next week's kok son SPP, how about loss. Want to pay to use what later? "hehehe

There is no peace when trading, as it always was-was trading analysis becomes weak.

When was negative, as soon as the floating rush at the close, the fear of minus the more. Whereas the price there is still a great opportunity to turn around. In other cases, when a new profit a bit close, but directly on the possibility of a larger profit is still there.

Use money's "Idle" or money that is set aside for investment, not money projected for other purposes.

7. Let your emotions control you

If you are a trader who has long trading, you certainly already know that the price movement is full of traps and pitfalls.

Price can suddenly drop, fishing traders to sell, a few seconds later the price turned up again quickly, making trader caught in a position to sell, but the direction the price is actually rising. Yes ... You enter the trap ... and again losssss ...

Angry Trader-Trading Psychology

Often the loss caused trader control and emotions. And if trading use emotion, a great trading system, seberapapun I'm sure 100% of your trading will amburadul.

Open trade indiscriminately, loss of focus, lost the discipline on the system and it is definitely the end result loss again.

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Technical analysis Trading March 12, 2012

EUR/USD Bias is still bearish in the short term as the bearish scenario double top still strong test area 1.3105, break and level the daily closure under the area could trigger further bearish pressure towards the key support at 1.3050 area. Nearby there are around resistant area 1.3175-1.3200, break back to top the area can bring prices toward the neutral zone in the short term return test area 1.3315.

Overall the GBP/USD price is still trapped in the area range between 1.6000 – 1.5640 in 5 last weekend and needed a break to one side to see a clearer direction. Nearest Support around 1.5705 area, break down the area can bring prices toward the neutral zone in the short-term test key support area 1.5640. To move up, we need a consistent break up 1.5805 to trigger advanced bullish momentum in the short term to test 1.5880.

AUD/USD Bias is bullish in the short term, especially after the slow stochastic intersect up oversold area on the graph 1 hour but requires break up 1.0630 to trigger a bullish momentum toward 1.0715 area before heading to 1.0820 area. Nearest Support around the 1.0525 area, break and level the daily closure under the area can return a bearish mode enabled and provide opportunities for the bearish reversal scenario at least to support strong on area 1.0475.

XAU/Gold are in-phase LOCO koeksi bullish as indicated by the stochcastic on the daily chart and after the price reflected the MA200 days. The correction will be heading for the nearest before 1720 as resistant went on to test area of 1735. Nearby there are in the area Support 1700, break down these areas can bring gold down to re examine the area of 1675.

OIS/Crude Oil And crude oil this morning are still moving in a rising channel on intraday charts, with an upper limit on 108.40 lower limit and channel the 106.53. This indicates that so far the price of crude oil is still likely to rise. However, if viewed at time frame as on the larger H4 chart, crude oil prices remained in a consolidation phase with a range of 104.35 and 110.50. Short-term trend thus far is still bullish over the zone support 104.35 survives.

INDEX still bullish Bias HANGSENG in the short term, the constant movement will bring upward 21100 hang seng rose to test area 21260. However, the oversold stochastic on the 4 hour chart a bearish correction could trigger the return to the area of 20820 in the short term.

The NIKKEI INDEX was still bullish Bias, especially if prices can break up into the area of 10000 toward 10170 area. Failure to break through to the top could trigger a bearish correction 10170 after stochastic on the daily chart enters the overbought area, returning to the area of 10000 or even area support at 9875.

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