WHAT ARE FOREX SIGNALS?
Forex signals are buy and sell trade alerts, which are sent
to the paid subscriber’s e-mails or cell phones. Using such service is ideal
for new traders who are not confident in their own skills or for the busy, more
experienced Forex players who do not have the time to analyze and monitor the
market.
"Growth is painful. Change is painful. But nothing is
as painful as staying stuck somewhere you don’t belong."
By Mandy Hale
Bollinger Bands in a Ranging Market
In essence, Bollinger bands contract when there is less
volatility in the market and expand when there is more volatility. Because of
that, Bollinger bands provide a good tool for breakout strategies.
When the bands are thin and contracted, volatility is low
and there should be little movement of price in one direction. However, when
bands start to expand, volatility is increasing and more movement of price in
one direction is likely.
Generally, range trading environments will contain somewhat
narrow bands compared to wide bands and form horizontally. In this case, we can
see that the Bollinger bands are contracted, as price is just moving within a
tight range.
The basic idea of a range-bound strategy is that a currency
pair has a high and low price that it normally trades between.
"The greatest souls are awakened out of suffering. The
most impressive personalities endure many scars."
By Unknown Author.
"Life’s challenges are not supposed to paralyze you,
they’re supposed to help you discover who you are."
By Bernice Reagon.
ADX in a Ranging Market
One way to determine if the market
is ranging is to use the same ADX that we discussed earlier. A market is said
to be ranging when the ADX is below 25. Remember, as the value of the ADX
diminishes, the weaker trend is.
"Believe in yourself! Have faith in your abilities!
Without a humble but reasonable confidence in your own powers you cannot be
successful or happy."
By Norman Vincent Peale.
What is a Ranging Market?
A ranging market is one in which
price bounces in between a specific high price and low price. The high price
acts as a major resistance level in which price can’t seem to break through.
Likewise, the low price acts as
major support level in which price can’t seem to break as well. Market movement
could be classified as horizontal or sideways.
"Be yourself, no matter what other people think. God
made you the way you are for a reason. Besides, an original is always worth
more than a copy."
By Unknown Author.
WHAT CURRENCY PAIRS ARE TRADED?
EUR/USD (Frequent)
GBP/JPY (Swing Trades Only)
GBP/USD (Swing Trades Only)
USD/CHF (Swing Trades Only)
EUR/JPY (Swing Trades Only)
"You can change what you are and where you are by
changing what goes into your mind."
By Zig Ziglar
Bollinger Bands in a Trending Market Part 2
Bollinger bands actually contain the standard deviation
formula. But don’t worry about being a nerd and figuring out what that is.
Here’s how we can use Bollinger bands to determine the
trend! Prepare for the craziness.
Place Bollinger bands with a standard deviation of 1 and
another set of bands with a standard deviation of 2.
You will see three set of
price zones: the sell zone, the buy zone, and the “No-man’s Land.”
The sell zone is the area between the two bottom bands of
the standard deviation 1 (SD 1) and standard deviation 2 (SD 2) bands. Bear in
mind that price has to close within the bands in order to be considered in the
sell zone.
The buy zone is the area between the two top bands of the SD
1 and SD 2 bands. Like the sell zone, price has to close within the two bands
in order to be considered in the buy zone.
The area in between the standard deviation 1 bands is an
area in which the market struggles to find direction.
Price will close within
this area if price is really in “No-Man’s Land”. Price direction is pretty much
up for grabs.
The Bollinger bands make it easier to confirm a trend
visually.
Downtrends can be confirmed when price is in the sell zone.
Uptrends can be confirmed when price is in the buy zone.
"Do not judge me by my successes, judge me by now many
times I fell down and got back up again."
By Nelson Mandela.
"The most authentic thing about us is our capacity to
create, to overcome, to endure, to transform, to love and to be greater than
our suffering."
By Ben Okri.
Bollinger Bands in a Trending
Market
One tool that is often used for
range-bound strategies can also be helpful in trend discovery. We’re talking
about Bollinger bands or just Bands.
One thing you should know about
trends is that they are actually quite rare. Contrary to what you might think,
prices really range 70-80 percent of the time. In other words, it is the norm
for price to range.
So, if prices deviate from the
“norm” then they must be in a trend right? What is one of the best technical
tools we have mentioned in the previous grades that measure deviation?
If you said a ruler, we give you
mad props for effort.
If you said Bollinger bands, we’ll
give you cyber milk and cookies! Here, take some.
"We all have two lives. The second one starts when we
realize that we only have one."
By Tom Hiddleton.
Moving Averages in a Trending Market
If you’re not a fan of the ADX, you can also make use of
simple moving averages. Check this out!
Place a 7 period, a 20 period, and a 65 period Simple Moving
Average on your chart. Then, wait until the three SMA’s compress together and
begin to fan out.
If the 7 period SMA fans out on top of the 20 period SMA,
and the 20 SMA on top of the 65 SMA, then price is trending up.
On the other hand, if the 7 period SMA fans out below the 20
period SMA, and the 20 SMA is below the 65 SMA, then price is trending down.
"The root of suffering is attachement."
By The Buddha.
WHY SSL FXGURU SERVICES?
This is a real time 100% MONEY BACK GUARANTEE SYSTEM for
Serious Traders who want to generate consistent profits with the guidance of
strategies and signals given by Dr.Hari
& Dr.Vani through SMS. SSL FXGURU started its services and published its
website, blogs and social media pages and groups with only ONE AIM for ALL and that is:
SSL FXGURU will create 1 Million Millionaires Around The
World by 2020 by trading FOREX and each Millionaire will donate 10% of the
Profits to Charity.
"You have made some mistakes, and you may not be where
you want to be, but that ha nothing to do with your future."
By Zig Ziglar
"If people aren’t laughing at your dreams, your dreams
aren’t big enough."
By Robin Sharma.
"What you allow is what will continue."
By Unknown Author.
ADX in a Trending Market
A way to determine if the market
is trending is through the use of the Average Directional Index indicator or
ADX for short.
Developed by J. Welles Wilder,
this indicator uses values ranging from 0-100 to determine if price is moving
strongly in one direction, i.e. trending, or simply ranging.
Values more than 25 usually
indicate that price is trending or is already in a strong trend.
The higher the number is, the
stronger the trend.
However, the ADX is a lagging
indicator which means that it doesn’t necessarily predict the future. It also
is a non-directional indicator, which means it will report a positive figure
whether price is trending up or down.
Take a look at this example. Price
is clearly trending downwards even though ADX is greater than 25.
"Letting go of the need for everyone to like us will
bring a fabulous feeling of freedom and give us the confidence to be ourselves."
By Lynda Field.
What is a Trending Market?
A trending market is one in which
price is generally moving in one direction.
Sure, price may go against the
trend every now and then, but looking at the longer time frames would show that
those were just retracements.
Trends are usually noted by “higher
highs” and “higher lows” in an uptrend and “lower highs” and “lower lows” in a
downtrend.
When trading a trend-based
strategy, traders usually pick the major currencies as well as any other
currency utilizing the dollar because these pairs tend to trend and be more
liquid than other pairs.
Liquidity is important in
trend-based strategies. The more liquid a currency pair, the more movement (a.
k. a. volatility) we can expect.
Check out Huck’s EUR/USD win from
following the trend.
The more movement a currency
exhibits, the more opportunities there are for price to move strongly in one
direction as opposed to bouncing around within small ranges.
Other than eyeballing price action,
you can also make use of technical tools you have learned in previous sections
to determine whether a currency pair is trending or not.
"One’s dignity may be assaulted, vandalized and cruelly
mocked, but it can never be taken away unless it is surrendered."
By Michael J.Fox.
ABOUT SSL FXGURU
1. WHO ARE WE?
Welcome to SSL FXGURU. Our mission is to provide the highest
quality Forex services for traders. We pride ourselves with excellence in Forex
education and as providers of Forex signals and mobile alerts. We will help you
to make your money but you must promise to do 3 things:
Trade only with our signal following our money management
and risk management techniques.
Send in your monthly statement to us to help you monitor
your account to avoid over trading and margin call.
Donate 10% of your profit with every withdrawal you make and
mail us your receipts as we will help you make at least USD300,000.00 in 10
years.
"Keep following your dreams and one day they will lead
you where you dreamed to be."
By Marinela Reka
Trendspotting (PART 2)
Is it time to bust out those Fibs and look for retracements?
Or are ranges holding?
Just as the coach comes up with different plays for
particular situations or opponents, you should also be able to decide which
strategy to use depending on market environment.
By knowing what market environment we are trading in, we can
choose a trend-based strategy in a trending market or a range-bound strategy in
a ranging market.
Are you worried about not getting to use your beastly
range-bound strategy? How about your Bring-Home-Da-Bacon trend-based system?
Have no fear!
The forex market provides many trending and ranging
opportunities across different time frames wherein
these strategies can be
implemented.
By knowing which strategies are appropriate, you will find
it easier to figure out which indicators to pull out from your toolbox.
For instance, Fibs and trend lines are useful in trending
markets while pivot points, support and resistance levels are helpful when the
market is ranging.
Before spotting those opportunities, you have to be able to
determine the market environment. The state of the market can be classified
into three scenarios:
-Trending up
-Trending down
-Ranging
"People do not wander around and then find themselves
at the top Mount Everest. You hit what you aim at, and if you aim at nothing
you will hit it every time."
By Zig Ziglar.
"When we help others, we are helping ourselves. Every
single time you help somebody stand up, you are helping humanity rise."
By Dr. Steve Maraboli.
Trendspotting
When two people go to war, the
foolish man always rushes blindly into battle without a plan, much like a
starving man at his favorite buffet spot.
The wise man, on the other hand,
will always get a situation report first to know the surrounding conditions that
could affect how the battle plays out.
Like in warfare, we must also get
a situation report on the market we are trading. This means we need to know
what kind of market environment we are actually in. Some traders cry saying
that their system sucks.
Sometimes the system does in fact,
suck. Other times, the system is potentially profitable, but it is being
utilized in the wrong environment.
Seasoned traders try to figure out
the appropriate strategy for the current market environment they are trading in.
"If a train doesn’t stop at your station, then it’s not
your train."
By Marianne Williamson.
Summary: Divergences
Divergences don’t appear that often, but when they do
appear, it’d behoove you to pay attention.
Regular divergences can help you collect a big chunk of
profit because you’re able to get in right when the trend changes.
Hidden divergences can help you ride a trade longer
resulting in bigger-than-expected profits by keeping you on the correct side of
a trend.
The trick is to train your eye to spot divergences when they
appear AND choose the proper divergences to trade.
Just because you see a divergence, it doesn’t necessarily
mean you should automatically jump in with a position. Cherry pick your setups
and you’ll do well.
"You never know how strong you are, until being strong
is your only choice."
By Bob Marley.
ABOUT SSL FXGURU
SSL FXGURU allows you to set and forget forex signals
Set and forget forex signals. Trading with set and forget
forex signals has many advantages:
I.
Trade the Forex Market without spending more
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II.
Trading with set and forget Forex Signals allows
you to trade the Forex Market while keeping your daily job. You just need to
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III.
Keep out the emotional stress
IV.
Trading with set and forget forex signals helps
take out the emotional pressure that leads usually to over trading.
V.
Our Forex Trading System gives you a Money Back
Guarantee Policy (Terms & Conditions apply)
"It’s your road, and yours alone. Others may walk it
with you, but no one can walk it for you."
By Rumi
"Hope is the power that gives a person the confidence
to step out and try."
By Zig Ziglar.
"Surround yourself with people who are going to take
you higher."
By Oprah Winfrey.
