Forex Stock Market » Relative Strength Index

Learn Forex: Breakthrough Discovery In Forex Trading

admin — Sat, 27 Feb 2010 14:44:08 +0000

If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.

But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

I had heard of extreme comments from other traders, ie “indicators do not work”, “don’t waste your time using indicators”, etc. Possibly those traders have been losing a lot of money using indicators in their trading and possibly they have learned to trade forex the wrong way.

In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.

Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products. From this research we have discovered BL TS System. All of our student learn to trade forex using BL TS System.

In our website under “Our Trading Secret“, we mentioned that we have evidences to show that using fixed indicator will not be profitable strategy in the medium term. You have to choose the correct indicator for the correct currency pair.

Let us use USDJPY as an example. The graph below will show you what is your equity value if you have been using those indicators to trade USDJPY for the past 6 months.

The graphs show that if you have been using MACD and Parabolic to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

We believe this research discovery is a breakthrough in the trading industry and few traders are aware of this.

If you are interested to Learn Forex from us, send an email to us at metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our trading strategy

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Breakthrough Discovery In Forex Trading

admin — Wed, 20 Jan 2010 14:28:03 +0000

If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.

But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

Let us use AUDUSD as an example. The graph below will show you what is your equity value if you have been using those indicators to trade AUDUSD for the past 6 months.

The graphs show that if you have been using MACD and Bollingerband to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

As a matter of fact, MACD and Bollingerband had signal buy on Friday, we had entered a buy trade on AUDUSD at 0.9294, see here. Currently this trade is sitting on 40 pips profit.

We believe this research discovery is a breakthrough in the trading industry and few traders are aware of this.

If you are interested to Learn Forex from us, send an email to us at metal.commodity@tradingeducationprogram.org.

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Forex Tips and Strategy

admin — Sun, 27 Dec 2009 03:05:17 +0000

Use an RSI Indicator to Make Your Forex Trading More Profitable

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

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

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

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

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

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

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

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

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

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

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

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

— by; Marcus Mst ——

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