Forex 101 - How to Identify Price Turn

I have found another method to identified the price turns. It is absolutely powerful if you going to used it with Horizontal Line.

How To Identify A High Probability Trade Setup
If there was a simple trade setup that would take you just a candle to identify a change in the direction of price at a high rate of success that you could expect a more profitable trading career, it would be this. It sounds unbelievable to you now as it did to many traders who have been applying this technique, but it really isn't so keep reading. 


One of the biggest challenges in trading is how to identify turning points in the market. How can you tell that the market is reversing? 

It doesn't need to take rocket science to detect and you'll see just how easy it is, we'll explain it all below. 


It doesn't matter if you are a beginner or if you have been trading for a long time. I will share with you one of the little known and seldom used, but powerful trading technique that can be applied in every time frame and currency pair you trade. 

Here's a short exercise... 

Based on these bars below, do you know when price turned around? 

 

Would you like to know how? 

Click below to watch my video which explains how it can be done. It's FREE! 

If you would love to see results like these, start today by watching the FREE presentation below. 

Original source: http://wizardoftrading.com

Forex 101 - Trading Horizontal Lines and Price Turn

This one is much more simpler. You can use the indicator from previously I shared to this. search for TRo sweetspotgold and you can have this horizontal lines.

And the tutorial for this horizontal lines as below.

Trading Strategy - Indicator

Well, TRO sent me his new indicator. And so much credit to him as a Gurus. If you find out this indicator help and you are making money with his works, can you buy him a coffee or treat him a lunch perhaps?

https://drive.google.com/file/d/0BzbuuFHXVGfbWDI0WDAySXM1Tms/edit?usp=sharing

This is donation, no body force you to do that. Just a token of appreciation.

Technical - MT4 crash after start

I have face this problem lately with MT4 build 625. The installation doesnt goes as smooth I though. How do we going to trade if the platform cant open, right? So here's the method that could help.

Locate your program files (Where the MT4 installed). I highlight it in Yellow.

Open the folder and look for "config" folders. From there you can see the list of files as below.

look for files names "terminal.ini". Delete this files and close the windows explorer. Restart your PC and try to start MT4 again.

Hopefully it works for you. I do this after reinstalled and installed it in different hard drive and wont works.

Rat Reversal Template For MT4

There is a lot of version of this template. I used this one ever since. Download and save it in your MT4 folder.

Or otherwise, right cick on your chart

go to "Template>Load Template and locate the template files.

the download links here. Search in the folder for "rat_post.tpl" files.
https://drive.google.com/folderview?id=0BzbuuFHXVGfbMWpUTjgxWG9vems&usp=sharing

Forex 101 - Exit Playbooks

How do I exit after a trade? I'm being questioning this ever since the first trade I made. Well, you can put take profit or modifying your stop loss. Here the video explain how it was done.

Forex 101 - Daily Wick Zone Trading Method

I'm currently using this method. I was suck on scalping. Unless I change the broker which could offer better spread, i might using rat reversal. The reason is quit simple, if the spread shooting around 6 to 18 pips, how do you suppose to make profit out of 3 or 5 pips if price changes? Get a broker that could offer you better spread and if possible, get a spread indicator in your chart. So you would know beforehand placing an order.

And again, TRO word by word, other might complicate the issues.

If price goes into the previous day's high-candle top or previous day's bottom-low zone, it usually LEAVES THE ZONE.  

I had this idea and wrote frequency distribution indicators.  You can see this happened over 70% of the time!

All you have to do is trade in the direction of the zone exit..

Forex Trading 101 - The Rat Reversal

I would like to pick TRO words, word by word, so it wont complicated the issues.

GREEN RAT REVERSAL TRADE

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

The video explained how the rat reversal method do.

Forex Trading 101 - All You Need To Know About Trading

I believe all the technical terms have brief by the broker (or hasnt they?) If you want to understand the method, you watch this video first. It explain a lot.

All You Need To Know About Trading

ALL YOU NEED TO KNOW ABOUT TRADING


* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation of the equation that you can control is your average loss size.

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's) 

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue. 

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.

TRADING IS SIMPLE!

The Rat Trading System In Forex

I do this with credit to Avery Horton Jr Aka TheRumpledOne Aka TRO. I'm being studying and learning his method ever since. The method relatively digestible to my freezing brain and if you're genius, you might do better than me. The blog is a quick reference on TRO methodology which I also use every time I want to trade. I will list the method and some video,possibly some indicator for your reference. And now again, thanks for reading and It's not what you trade,it's how you trade it.