Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)
Showing posts with label indicators and trading tools. Show all posts
Showing posts with label indicators and trading tools. Show all posts

Tuesday, June 29, 2010

Non-Lag MACD and AUTO Fibonacci Pivots INDICATORS Free For Download

As per your strong request, The following  TWO  Indicators are offered here for Download:-

1) Non- Lagging MACD indicator.

This is a highly refined /improved MACD with no Lagging as compared to Normal Default MACD indicator.
You may load this Non Lag MACD Indicator next  to your Normal MACD  and then note the differences and use it for your daily trading. Please note that  this indicator is only meant  for MT 4 platform. Link:--

http://docs.google.com/leaf?id=0B74IMi--bRpKZWMxMzY2YzEtZmE0MC00MTFjLTg5MmQtNjU3ZTNiY2I4OTRi&hl=
en&authkey=CNzuvM0G


2) Auto Fibonacci Pivots Generator Indicator
This indicator is applicable to all time frames,.it automatically establish real time Pivots and Fibo level  directly on your PA ( Price Action) Charts,, Link :--

http://docs.google.com/leaf?id=0B74IMi--bRpKNjczYjM4NWMtZGM1Ny00MDlkLTgzYWYtNzJlNDliNDg3YjU4&hl=
en&authkey=CM-6ktAG



Procedures for installation on MT4


a) Download the above two files from the above links.
    (Note): Log out from your MT4 before proceed to step (b) below please...
b) Go to "C",, Open your Program Files,, Click the MetaTrader Program, Then Open "expert", then go to "indicator", then insert /paste the above two copied  files (note: the two files shall be located in the "indicator" location.
c) Open your MT 4, Go to "insert" , indicators, custom, then select the two indicators you  just downloaded.
d) the default setting on the MACD is standard (12,24,9)
e) then you are ready for trading




Important Notice
PLEASE DO NOTE THAT YOU ARE EXPECTED TO FEEDBACK YOUR COMMENTS OR PROPOSALS AFTER USE (ABOVE iNDICATORS) , EITHER VIA MY E-MAIL OR POST HERE DIRECTLY FROM THIS POSTING. 
YOUR NON FEEDBACK  MAY LEAD TO HALTING OF UPCOMING INDICATORS SHARING... .... AND I HOPE YOU ALL ENJOY READING MY BLOG,,,,,,,


Please note my MIRROR site as:  https://millionaireclub88.wordpress.com/


HAPPY TRADING





Friday, May 28, 2010

More Trading Books for Free Download

I have just added a Few New E-BOOKS for your reading.

- Fibonacci (2)
- Elliott Waves
- Commodity outlook research paper
- Forex Outlook research paper
- Advanced Candle Sticks

Just Find them on the Left hand side of the page under "Links for Free E-Book Downloads.

More books will be added  regularly.

Happy Trading

Thursday, May 20, 2010

5 UNCOMMON RULES FOR WEALTHY TRADERS- By Tim Bourquin

"In fact, I'd bet that deep down you know you should be following these rules as well but you aren't - yet. Today is the day you can commit to doing what works for other wealthy traders and get on that same path.
Let's get started.
1. They plan every single trade. EVERY SINGLE ONE.
Every trader I've talked with that makes money consistently knows the following about every single trade they take before they even begin entering a limit order into their trading platform:
a) the highest price they are willing to pay (if they are going long) or the lowest price at which they are willing to sell (if they are going short)
b) their profit target where they will exit if they are "right"
c) their stop loss where they will exit if they are "wrong"
d) the risk/reward ratio of the trade
e) the exact percentage of their account they are risking
Lots of traders do one or two of these things. Few do all of them. In simple terms they know exactly what they want to pay, how much money they anticipate making (or losing) and a very clear idea on the probability of the trade working out.
Although you might think that every great trader uses hard stops that are pre-programmed in, many don't . However, they are highly disciplined and when their stop loss number comes up they are out. Most traders don't have that type of hard-core discipline and so a hard stop loss is still their best option.
2. They stopped trying to pick tops and bottoms years ago
Nearly all of the classes, courses and webinars you'll find on the Internet talk about using support and resistance of some type to find where a market is turning and how to get in before or while it does.
The funny thing is that only a very few successful traders I have ever talked to trade that way. Simply put, 95% of the traders out there that make money are buying higher highs and selling lower lows. They do the exact opposite of nearly everyone out there because they found out long ago that picking tops and bottoms is a sucker's bet. One trader described it to me by saying that it's much easier to just participate in what a market is already doing than trying to guess when that behavior will change. Flip-flop your strategy to agree with what the market is doing rather than guessing on when it will change its mind, and you'll be in a much better position to make money trading.
3. They are patient with winners - and ridiculously impatient with losers.
Dennis Gartman is famous for boiling down great trading to one thing: "Do more of what is working and less of what isn't." Sure makes a lot of sense to me.Most traders have a great deal of patience with their losers but get nervous about locking in gains and sell them to quickly - the exact opposite of what wealthy traders do. Wealthy traders realize that they may actually have more losing trades than winning trades so they quickly get out when they are wrong. It is the only way to ensure that they can give their winners the attention they deserve.
They coddle their winners and kick their losers to the curb without a second thought.
4. They trade one market. ONE
I've talked with great traders who can trade futures, forex and stocks at the same time. They are a gifted tiny minority.
The vast majority of successful traders concentrate on one market and become so comfortable with it that they begin to "know" the behavior of that market just watching price and volume. Test yourself - if you aren't able to get rid of all your charts and simply look at price and volume to trade, you're probably not concentrating enough on one market in order to know its moods. What we're really talking about here, of course, is not the mood of the market itself but the moods of the market participants!
Focus on trading one market exceptionally well rather than try to trade whatever's hot - that's how wealthy traders do it.
5. Their benchmark for success is anything but money
Money changes everything. It sure does. We're all in this to make money. The trouble is, when traders use the amount of money they make to judge their own success, something happens to them - to all of us, really - that clouds our decision-making ability.
Wealthy traders have realized this and instead focus on other things to determine if they've had a successful day. Whether it be how well they were able to execute on their trading plan (see rule #1), or their overall ability to predict short-term movements in whatever they are trading, they know that if they do those things correctly, the money will follow.
Yes of course the money is important. Any trader who says otherwise is a fool. Why else would we put ourselves through this daily ride. But there is something about making it a secondary focus that allows the best traders to make better decisions. The growing trading account simply becomes a nice result - a side benefit if you will - of making good decisions and reading the market well."---UNQUOTE

HAPPY READING !

Sunday, May 16, 2010

FREE Trading E-Books for Downloading

Dear Traders,

I have just added a few Trading E-Books for your reading. Just  click on the Book links on the LEFT  Hand side Display Section for your selection.

More E-Books will be added regularly.

Another LIST  of my very Own Trading E- Books will be listed soon. Both Free and Pre-Paid Books will be presented for your selection.

Friday, May 7, 2010

Indicators Educational MATERIALS for Trading

In the next 7 days, I will provide information and some training materials WITH detailed application and interpretations free of charge on the followings :-

RSI
EMA/SMA
MACD
CCI
BOLLINGER BAND
STOCHASTIC
PARABOLIC SAR
OBV
MOMENTUM
PIVOT POINT

I do HOPE that they may assist you to trade more profitably.