FOREX TRADING

How to Use Elliott Wave Analysis to Boost Your Forex Trading
A Free Trading Video From the World's Largest Market Forecasting FirmThis video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading.This is just a short excerpt. For a limited time, you can access the full $79 online trading course, FREE. Visit Elliott Wave International for your free access.

E-BOOK DOWNLOAD

Complimentary eBook: Download the full 60-page Deflation Survival eBook now
Part 2 of Elliott Wave International’s expansive NEW Deflation Survival eBook is online now. The free 60-page eBook is packed with Robert Prechter's most important teachings and warnings about deflation. This is one of the most valuable resources EWI has ever offered at no cost. Learn more below or download it now – for free.……………Greetings,
We contacted you earlier this week to tell you about an exciting, free 60-page eBook our friends at Elliott Wave International have just put together.
The new eBook is compiled from Bob Prechter’s most important teachings and warnings about deflation.
Much like Prechter’s wildly popular Independent Investor eBook, this new Deflation Survival eBook will transform the way you think – about inflation and deflation.
Most financial experts were caught completely of guard by the real estate top in 2005. Many thought the Dow Industrials index would sour well beyond its 14,000 peak. Others saw weakness in U.S. stocks but said the dollar would also crash and hyperinflation would immediately ensue.
Only ONE analyst, that we know of, made the following forecasts:
Real estate, stocks and commodities would all top.
A monumental credit crisis would reduce lending and borrowing around the world.
The dollar would rally.
Deflation would reign across almost all asset classes.
That analyst’s name is Robert Prechter.
Prechter – a man who’s made the arduous journey from fame to outcast and back – has scoured his complete writings on deflation and compiled the most important into a special 60-page Deflation Survival eBook.
Until today, most of the forecasts and advice in this still-prescient eBook have been released only to Prechter’s faithful subscribers. Now the 60-page Deflation Survival eBook can be yours for free.
Learn more about this unique opportunity by following the link below.

TRADING CHARTS

TRADING THE DAILY CHARTS
Due to restricted time and Internet connection that I have now, I have opted to trading using the daily charts.Its not as aggressive and thrilling as trading on the shorter time frame but the result is about the same minus the headache. I'm beginning to like daily trading. I need to make decision once in a while and the rest of the time I just hold my position. On a daily chart, the candlestick is much easier to read and pattern is much clearer. On 13th August I opened 3 position. 2 of which is still holding while 1 has been closed. At the moment all position are in profit. Daily trading is not for everyone. It took me sometime to adjust on the requirements of daily trading, but once you are there you never look back.Till next time, good luck everyone

DAILY TRADING

DAILY TRADING - THERE IS NO SPOON
Some people are asking me about the secret of daily trading. The answer is there is no secret. It is there for everyone to see but the question is, can you accept what you see.Trading the daily chart requires patience, lots of it. That is what most of us lack. Patience. If you look at the longer timeframe charts, you will see that price will stop or hover around certain areas. That is your key point. Always start or stop trading around these key point. The next indicator I use is CCI. CCI alone is a bit of a headache. So I smooth it out with MA. With the MA, I can see the direction of trade clearly. People say MA is a lagging indicator but I dont want to be early going to a party. I like to enter when the party already started. The last advice is, there is no such thing as holly grail. You just cannot win all the time. The best that we can do is try to win as much as possible and lose a little as possible. In the long run, it would be profitable enough to stay trading. Otherwise you need to find another business to run.