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Archive for July, 2006Trading Plan In Action - Loren MorlenSunday, July 23rd, 2006Daily period shows one pertinent retracement. The Fib. lines begin at point A low on 11/21/05 @ 1.7064. This price low coincides with the RSI low shown on the chart. The Fib. 100 line commences at this location and moves to the RSI and price high on 5/7/06, @ 1.8641, point B on the chart. (more…) Automated Pattern Software- New Product ReleaseFriday, July 14th, 2006Trading High Probability pattern Setups has always been at the heart of discretionary trading. This month we release Auto Patterns software to the Metatrader Forex market. Metatradertools.com have developed the chart plugin to this software and have obtained exlcusive Metatrader marketing licence. Auto Patterns is the most sophisticated pattern software on the market and has been 2 years in development. We were not surprised to find forex market heavyweights such as FXCM, Forex.com & Prophet Net making this software available to their clients also. The software is based on two components, the Analysis Window that displays all the patterns emerging and breaking, continuoulsy scanning the market for chart pattern setups. Secondly the Metatrader on “chart display” of both the emerging and breakout patterns with Target price projection. Auto Patterns is available for a 7 day free trial (folllow subscription order process, charge is only debited to your card or Pay Pal acount after 7 days if not cancelled) and all traders looking to improve their probability of success must take this for a test run. Never before will you have seen so many prequalified setups available for further analysis For part time traders if you trade before or after your day job, Auto Patterns offers plenty of prequalified trade setups to improve your trading and better utilise that time. A full list of benefits and features is available at www.metatradertools.com/auto-chart-patterns.shtml A special limited time introduction offer is availble to readers who take up the offer this month.
Trading With The GodsThursday, July 13th, 2006
Trading With The Gods is the name of Alan Olivers book. The contents of the book are as interesting as the title. I brought it for myself as a xmas read last year and unfortunately it didnt last much more than 2 days on the first read as I was so fascinated with the stories of ancient Egyptian pyramiads and the fascinating number series of the Pyramids and Fibonacci that I couldnt put it down. It has taken six months but I have managed to convince Alan to write a weekly article specific to the Forex market and to explore the Trade setups and fascinating number combinations that are woven into all of the financial markets. Alan is a fulltime Trader, Author & Teacher and is based in Australia. His website www.tradingwithgods.com is home to his book sales and his fascinating Market DNA course which traders will be very interested to visit. Welcome Alan, we look forward to your articles over the coming weeks. Chris Fibonacci Forex Analysis - Alan OliverThursday, July 13th, 2006www.metatradertools.com Hello everyone, In the coming weeks I will be delighted to bring you some insight into the fascinating world of the Fibonacci technique in trading markets. I have been using these phenomenal numbers and ratios for many years with remarkable successes, including my forecasting of the September 11 2001 market crash and tops and bottoms thereafter. (more…) Retracement Confirmation IndicatorsThursday, July 13th, 2006www.metatradertools.com loren@metatradertools.com Below is a recent 4h chart of gpb/usd which I use in my manual trading. I will provide comments regarding my approach. I use Williams indicators plus ADX set to 9. In addition I use retracement analysis as recommended by Hayden. (more…) |
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