RECOMMENDATION OF FOREX TRADING
Hi !
For you who need trading recommendation or possibly you are perplexed where to start for forex trading, or maybe you are new in this field. I will give recommendation for you for free. This recommendation would not be just for show or because i want to deceive you. It gives no benefits for me. I always make my recommendation with my own method and system of trading.
My Method :
I would ignore fundamental analysis and i always focus on technical analysis. I am purely a technician. In addition to emphasize principle of simplicity, i am expert at technical analysis.
Indicator :
My technical method is slightly different from the technical method in general which commonly uses trend following indicator, oscillator and miscellaneous indicator. Basically i only use 2 indicators : leading indicator and lagging indicator. For leading indicator i use Parabolic SAR, whereas for lagging indicator i use zig zag. Again i would emphasize principal of simplicity in trading, because simplicity is the key. The more you put, many elements of indicator involved in your trading. The easier it will under go breakdown system. Because many indicators will contradict each other more frequently.
I also use oscillator “William percent’s range” but only once in order to confirm a trade or to find out if there was a “failure swing”. However i don’t use it to look for overbought and oversold level.
Timeframe
Before conducting trading, usually i will find out where weekly outlook will lead to, then daily out look, 4 hours and the last is 1 hour.
In the event that daily and weekly outlook are in the same direction therefore i will follow up such a currency. If not i will ignore it. I’m very selective in choosing my position.
Other Technical Tools
Other technical tools I use are classical technical tools, such as : resistance, support and trend line. However I operate them in a different way. I determine the resistance or support from the points made by the zig zag of the previous data.
I also use standard deviation channel to identify trend reversal.
Trading System
I design my trading system myself and I follow it in order to control my emotion in trading.
Recommendation
My recommendation requires immediate notice so I may not do posting to my recommendation in this forum. For the purpose for my trader partners who want to try it may invite me in my yahoo messenger, in
mastertrade112@yahoo.com.
I analyze market everyday from 06.00 AM until 00.00 PM ( Bangkok, Jakarta, Indonesia time ). I don’t open many positions everyday. Usually I limit up to four positions per day. So my trader partners should be patient to wait for my recommendation. I will send the information concerning recommendation later via my yahoo messenger.
I will inform my trading position, position level, target limit level, stop loss level. I will also inform the update of my position. For instance, in case of change of my limit level and stop loss level. Or if I want to close my position, either to close profit position or loss position.
In making decision of my trading I make my own system. I don’t use robot trading or automatic system or the like. Trading requires judgment and assessment and there is no fixed formula which can settle all problems.
You may make your own decision but to convince you, you may try first my recommendation in acc demo. When you feel satisfied , then you may try it in real acc. If you feel suspicious and skeptical , I can understand. But I suggest that you should try to prove it yourself.
Yours sincerely,
Master Trade
My Trade Record or Performance may be seen in :
http://mastertrade112.fxtrick.com
Acc Friendster :
Mastertrade112@yahoo.com
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