Trading with Ichimoku Clouds ebook

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Japanese Candles” is a phrase that is well known among the trading cammWlity. If the phrase is searched on the Internet, 3,810,000 searches are available in the Google search engine today. In comparison, if Ichimoku” is searched, 141,000 searches appear, which is quite a difference. Steve Nison brought Japanese Candlesticks to the Western world and did a greatjob illustrating how it can be used to become a successful trader. He left a huge mark on the trading community, and today institutions down to the average retail trader use Japanese Candlesticks in some form or fashion in their technical analysis.

This book brings Ule next phrase of Japanese technical analysis to the Western world, Ichimoku Kinko Hyo.” Ichimoku Kinko Ryo is a system Umt has been used successfully throughout Japan for years but never has progressed fOr\vard in the Western world. If a trader combines Japanese Candles with Ichimoku Kinko Byo, a powerful system is available to him or her. In fact, it increases the probability of trading drastically and can be evidenced by trading in a “paper” account after reading this book Japanese Candlesticks will not be discussed further in this book and any additional infomlation regarding this topic is avaiJable through Steve Nison’s books and training seminars.

Content :
Background
Components of a Trading System
Ichlmoku Components
Tenkan Sen
Kijun Sen
Chikou Span
Kumo Cloud Components
Senkou Span A
Senkou Span B
Kumo Cloud
Ichlmoku Trading Plan
Components
Strategy Description
Backtesting
EURUSD-A Two-Year Backlest
Summary-Two Years of Backtesting
Examining the Backlest Results
Optimize Trading Plan
lchimoku Strategy
Ichlmoku ‘I’tme Elements
Ichimoku Time Elements
Doug Laughlin
Is It as Easy as Just Being Taught a New System?
The Problem We Have with Getting in Our Own Way
Is There a Conspiracy Against the Small Trader?
Traders Myth-Smart People Make the Best Traders
Losing Trades Are Acceptable
A Successful System Will Fortify Your Convictions
Self-Sabotage and How It Applies to Your Trading
In Summary-Trader Psychology Overall
Consequences of Trading without a Trading Plan
Trading Plan
Backtesting
Conclusion
Ichlmoku Anulysls Sheet

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Blackedge FX system

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Black Edge FX is a trading machine created by Josh Taylor. He has been in the front of the cutting-edge forex trading. He has developed a signals service with more than 5,000 customers and a couple of innovative trading tools. He focused on helping traders to become winners in forex trading.

Josh is excited to share with you a reliable forex system. He describes his product as a super-powered MT4 software. According to him, this is easy to use for both beginners and expert traders. You can begin earning trading profit with this software even if you have not traded before.

You can see how profitable the Black Edge FX in less than two hours. If you happen to be an expert trader, this serves as a treat for you. It works very well, and you can spend lesser time trading and making money. You can adjust the settings of Black Edge FX and let it perform other trading tasks.

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Ebook 14 Strategies From A Millionaire Trader

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Giving Yourself Time and Room to Be Right , How many times has this happened to you? You waited patiently for the market to show you where it’s going, then bought or sold the breakout to new highs or lows, only to be stopped out when price pulls back against the new trend. And of course, once you were stopped out of the market, the market returned to the trend—without you!

Or maybe you waited patiently for price to approach a prior area of support, then got long at that support area. Once you were in the market, price briefly violated the support area, stopping you out of your position. And of course, once you are stopped out of the market, the market climbed back above the support and headed higher—without you! The traditional method for buying at prior support would be a limit buy order at the test of the prior multiple bottoms marked by the blue trend line and then putting a stop loss order below the trend line.

You can see this method would have resulted in you entering a long position and then quickly getting stopped out as price briefly plunged through the trend line area. When prices began to trade below the trend line marking the multiple lows, breakout traders began selling “at the market” to enter new short positions.

These new entry orders pushed the market lower, executing stop loss orders left by the traders that had been getting long against the support marked by the trend line. But note that once the breakout traders’ orders and the stop loss orders ran their course, price pulled right back above the trend line and headed higher—as the new short positions entered on the break below the trend line began to be stopped out! Getting “washed and rinsed” is a common occurrence in trading.

Is there a way you can avoid it? I have been working with my students in one-on-one mentoring with a pattern we call the “Lazy Z” that was designed to help avoid being “washed and rinsed” when attempting to enter trades at these critical areas. Let’s look at some charts and see if I can explain how we use this “Lazy Z” pattern to help avoid being “washed and rinsed.”

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Pin Bar Trading Strategy

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The Pin Bar Trading Strategy might be one of the most overlooked strategy because it’s seems too simple to be effective for many traders. Many traders think that price action is all technical analysis, however, that’s only true to some extend because price action is a more psychological analysis because the price action candles is telling us a story, what the market is thinking and what it could be getting ready to do in the near future. The first thing any professional trader should want to do whether it’s a Pin Bar or any other price pattern is to understand why you’re trading this pattern, what’s the story behind it?


Pin Bar Trading Strategy is the core of Price Action Trading


The Pin Bar Trading Strategy is really the bread and butter setup for any price action trader as it’s very easy to be spotted on a chart (see chart below) with clear characteristics and it can be fairly profitable if it’s in the right market context. Going forward you’re going to learn more about the psychology behind the Pin Bar, how to identify a Pin Bar and how to properly trade the Pin Bar.


The Psychology behind the Pin Bar


Candlesticks can form for a lot of different reasons, but in the case of a Pin Bar, which is a reversal pattern, generally there are two big reasons why they form which in an uptrend the cause can be either buyers getting exhausted or institutional selling pressure while in a down trend the cause can be either either sellers getting exhausted or institutional buying stepping in the market. There is a second dynamic to Pin Bars, generally the price reversal is very aggressive and we should see a quick and sharp reversal.

Effective Trading with Pin Bars


Just because you found a Pin Bar it doesn’t mean you should trade it, because it needs to be in the right market context and it needs to be in the right position. The first think you have to do is to look at the trend prior to the Pin Bar as when we make trades we want to make sure we’re trading with the trend. The second thing we have to look after major support and resistance levels and the third thing we look after the break of that support and resistance level and then the pullback. For the Pin Bar to be valid you definitely want to have the right market structure, because it’s going to give you the highest chance of success.


The characteristics of a Pin Bar:



  • The size of the Pin Bar: you need a big, bold candlestick that sticks out on a chart;
  • The size of the PB needs to be at least equal or larger than the previous bars;
  • The wick need to protrude beyond the previous candlesticks and beyond any major support and resistance;
  • The body size it can’t be any more than a third of the total candlestick size;

The higher the quality of a PB the more assurance of success you can have and that will help you determine how you’re going to plan your trades. The entry and exit rules are quite simple you can either enter at the break of the Pin Bar, once the high/low are broken or you can either use the left eye, which is represented by the candle prior to the PB. Stop Loss is usually placed few pips above/below the wick.

To be a successful trader you don’t need to use a lot of indicators or a special system, all you need to do is look at what the price is doing as price is telling you everything you need to know and you can use that in your favor to make successful trades.


Pin Bar Mt4 Indicator Download


If you like this strategy, then we have just the treat for you. We have a Pin Bar Mt4 Indicator for you to download free. It is designed to help you detect bullish and bear pin bar on your MT4 chart. Click here to download it now.

Extreme FX profit indicator and EA by Kishore M

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-Whenever there is profitable trade detected, it will automatically pop-up an Order Window for you to enter the trade. Target profit & stop loss are automatically set for you.
-Easy-to-setup automated Buy/Sell arrow indicators on your trading chart
-Over 90%++ winning accuracy (proven live-trading record)
-No trading experience required
-Works on all MT4 platforms
-Works with all major currency pairs
-Works 24 hours at anytime of the day/night
-Works on ALL timeframes (recommended timeframes are 15 minutes, 30 minutes, 1 hour) so that you can make much more profit within a much shorter time)
-You can choose if you want to enter the trade or not (flexibility for seasoned traders)
-I also include a powerful step-by-step video in showing you how to maximize your profit with this trading system.
-The system is engineered by an elite team using my proprietary Trading strategies backed up with 2 decades of my trading experience.

Password is : kishoreM
( make sure you copy and paste the password )

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RSI Stochastic Divergence Strategy

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It is generally known that the trend is your friend. Buying pullbacks within an established trend forms the basis for almost any trading following strategy. While there are many different approaches to trend trading, in this trading strategy we make use of the oscillators to find hidden divergences and trade in the direction of the trend. Hidden divergences are usually less frequent than the classic divergences. They are more valid and signal a more powerful trend continuation pattern.


RSI Stochastic Divergence Strategy – Chart Set ups



  • EMA’s 20 and 50, Closing prices: The two Exponential moving averages serve as a visual guide to the trend. We look for short positions when the 20 EMA is below 50 EMA and conversely, long positions are taken when the 20 EMA is above the 50 EMA
  • Stochastic: (14,3,3 High/Low Exponential): The Stochastic Oscillator will be the main indicator pointing us to hidden bearish and bullish divergences
  • RSI (13 or 14, Closing prices with 50-line only): The RSI acts as a trigger indicator for us to go long or short. Long positions are taken when RSI crosses above 50 and short positions are taken when the RSI crosses below 50, following a hidden divergence and trend confirmation from the Stochastic and the EMA’s.

Once the indicators are added to the chart, the set up is as shown on the chart below.


  • Bullish Hidden Divergence: Price makes a higher low, Stochastics makes a lower low
  • Bearish Hidden Divergence: Price makes a lower high, Stochastics makes a higher low


The illustration below gives a quick snapshot of the two types of hidden divergences. We wait for these appear just before the EMA crossover or only after the first EMA crossover.

Trend divergence trading – Trade Set ups


For long positions



  • EMA 20 is above EMA 50 or has made a bullish crossover
  • Stochastics has signaled a hidden bullish divergence
  • Buy when RSI 14 crosses above 50-line
  • Set stops to recent swing low
  • Book first target at the most recent high
  • Trail the second target by moving to break-even after the first target is reached

For short positions


  • EMA 20 is below EMA 50 or has made a bearish crossover
  • Stochastic has signaled a hidden bearish divergence
  • Sell when RSI 14 crosses below 50-line
  • Set stops at recent swing high
  • Book first target at the recent swing low
  • Trail the second target by moving to break-even after the first target is reached

Important Notes:



  • A hidden bullish/bearish divergence is to be used only on the first bullish/bearish EMA crossover
  • There is a good chance that the second position often gets stopped out, unless where trends are strong in which case, the profit potential can be greatly magnified
  • For additional confirmation, look for inside bars or engulfing bars from the candlestick patterns

RSI Stochastic Divergence Strategy – Trade Setup

Short Set up Example



  1. 20 EMA crosses below 50 EMA
  2. Stochastics shows a hidden bearish divergence
  3. RSI crosses below 50-line
  4. Additional confirmation: Bearish engulfing near the end of the hidden bearish divergence
  5. Short set up reaches the first target, while the second position would have been stopped out

Long Set up Example



  1. EMA 20 crosses above 50
  2. Stochastics prints a hidden bullish divergence
  3. RSI moves above 50-line
  4. Long position is taken with stops set to the previous swing low
  5. The first target set to the recent swing high is reached
  6. Stops for the second position is trailed to break even and the trade is eventually stopped out at the next swing low point shown on chart

RSI Stochastic Divergence Strategy – Powerful Reversal Strategy


One of the biggest advantages of trading the hidden bearish divergence with the trend divergence set up is that trades are often reversed. The stops are usually tighter compared to the targets and when a trend starts to unfold, big profits can be captured. The trend divergence strategy can be used on time frames from H1 and up to D1.

By: forexstrategieswork
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