Every Candle Tells A Story

People underestimate the power of being able to read candlestick patterns. Candlesticks tell you exactly what’s going on with the market.

A bullish candle tells you that the bulls are currently in control. A bearish candle tells you the bears are currently in control. A doji candle tells you that the bears and bulls are fighting, but neither one is winning.

So, when you get a doji forming after a series of strong bullish candles what does that tell you? The bulls were in control of the market, but now the doji shows that the bears are fighting back. The bears and bulls are opposing forces and they are always trying to pull the price in their direction.

Sometimes the bulls have more power and it goes up, other times the bears have more power and the price goes down. So every time you look at a candle you should think of it as a struggle between the bulls and the bears.


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Always Win Never Loss Forex

Cheers!

BA FxSwing


Thursday, July 2, 2009

My New Chat
















Setelah sekian lama menyepi kini FXSwing kembali ke arena forex. Ini adalah Tpl terbaru dr fxswing.. hehhe cantikkan.







Konsep lama tetap di kekalkan cuma di perbarui dalam bentuk lain. Tidak ada gabungan dari mana2 indi yg ada adalah penerangan dari cs sahaja "Every Candle Tells A Story" .



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29 Trading Rules and 6 Guidelines

Trading Rules

1. Never over-trade.
2. Never risk more than 10% of your trading capital in a single trade.
3. Never trade without protective stops.
4. Never cancel a stop-loss after placing a trade.
5. Never average a loss.
6. Never let a profit run into a loss.
7. Never buy or sell just because the price is low or high.
8. Never try to guess tops or bottoms.
9. Never limit a profiting trade, instead move your stops to guarantee a profit.
10. Never get out of the market because you have lost patience or get in because you are anxious from waiting.
11. Never hedge a losing position.
12. Never change your position or close a trade without a good reason.
13. Never follow a blind man’s advice.
14. Never enter a trade if you are unsure of the trend. Never buck a trend.
15. Avoid scalping for small profits and taking large losses.
16. Avoid trading after long periods of success or failure.
17. Avoiding going in and out of the market too often.
18. Avoid getting in wrong or getting in right and out wrong, making a double mistake.
19. Always identify strong support/resistance levels.
20. Always lock in a profit at predetermined increments on profiting trades.
21. Always use protective stops on open trades.
22. Always distribute your risk equally among different markets.
23. Always be willing to make money from both sides of the market.
24. Always reduce trading after the first loss; never increase.
25. Always cut your losses short and let your profits run.
26. When in doubt, get out. Do not get in when in doubt.
27. Only trade active markets.
28. Only pyramid trades that have a strong trend and should be accomplished once the price has crossed support/resistance.
29. Profits from a successful trade should be kept for future trade margins.


Guidelines

1. Understand for yourself the type of trader that you are, whether aggressive or conservative, long-term or short.
2. Have a trading strategy before entering the market. Know before the trade is executed where you will take profits/loss.
3. Understand why a win/loss occurred and how you could of made the trade better.
4. Consistency is the key to trading success, without it you have nothing.
5. Your judgment is the only concern, do not let outside factors affect the way you trade.
6. Not everyone can be a trader, deem yourself worthy if given this opportunity.

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