130+ Pip Winner Trading the Ichimoku Cloud – FOREX -GBPH4

October 14, 2011 by  
Filed under Forex review, Forex Trading, Videos

Automated forex trading system based on the Ichimoku indicator. Expert advisor robot trader built for metatrader MT4. Ichimoku meaning in Japanese as ” one look” was created by  Japanese newspaper writer Goichi Hosada.

Unlike statisticians or mathematicians in the industry this was a work of person who used his expertise and few assistants and created  technical indicator that is so robust and strong in today’s trading. There is  strong pipwinner system built around this type of trading and it compliments other trading systems in place. Take a look a the video here.

The Ichimoku indicator is used to measure short term time frame momentum along with areas of support and resistance as they occur in naturally. The standard Ichimoku is comprised of five lines:

Tenkan-Sen

—  This is a line made up by using high and lows for the 7 to 9 periods. This can be interpreted as short term moving averages.

Kijun-Sen

— This line is same as the above Tenkan-Sen  but it consists of longer time frames.  Many traders use cross overs of kijun and Tenkan as entry and exits points .

The Cloud

The cloud is made up of space between the Senkou Span A and Senkou Span B. Senkou Span A is calculated by subtracting : (Tenkan – Kijun)/2 and the Senkou Span B is calculated by (Highest High- Lowest Low)/2 over typically 52 periods.

The crossovers are used for entry and exits points.

Chikou Span

— Lastly the Chikou span is created by plotting recent price movement twenty six  periods behind the latest closing price.

Be a Winner in Foreign Currency Trading

August 25, 2010 by  
Filed under Currency

Foreign currency trading is a very exciting field to be in and is something many people can become rich in provided they follow the trading rules and strategies. The basic rule of forex trading is that you buy low and sell high. If you follow a fixed profit margin and keep tight stop losses, there are greater chances of making it a profitable enterprise. In fact, once you start making money in foreign currency trading, you can even make it your full time job. As foreign exchange markets are not time-bound, it is easy to trade at any time of the day or night.   All over world, the foreign exchange markets are open somewhere or the other. So you can even work according to your time schedule, and make time for your personal and social life. What do you need to start forex trading online? Well, you need some capital, a good broker and a trading terminal. Your broker should ideally be certified and comply with all the regulations in the country that they are based in; it should be able to give you all the information and advice you need to make your buy and sell decisions; and all teach you how to use their online forex trading platform to place buy and sell orders with the appropriate stop losses in place. Many good brokers also offer free forex charts for technical analysis purposes. A computer with an internet connection is a necessity to operate your trading terminal. There is a vast amount of information available via the internet which will guide you as to your buy and sell decisions. You need to have information about the economic conditions of the countries’ currencies you are buying and selling to put in rational orders. Political and other news like interest rates, GDP can also affect the value of the foreign currency. Foreign currency trading is not without its pitfalls, however. You have to be careful that you are playing to win and therefore it is vital that you use all the information at your disposal and also be very quick and alert when you are front of the online forex trading platform. Not for the faint-hearted, foreign currency trading requires mental aptitude, forbearance and the ability to ride the ups and downs of the market. Remember, in the beginning of your forex trading journey, you should be content with small gains and once you are confident of your winning strategies, you can become a bigger player and make larger profits. Foreign currency trading involves speculation. And speculation always carries an element of risk. That is why it is important that you first start off with money you are prepared to lose and also start off with small amounts will you build your confidence and knowledge. Once you become an expert in trading the foreign exchange markets, you will find that you can be a winner all the way.

T Scott Walker is an expert in currency markets and the market of Forex in l