Candlestick charts Fibonacci

April 30th, 2011

When trading, the most important piece of information is: Where did the price action close relative to yesterday’s close? In the case of the red candle  left chart , it appears to be a red day. But in fact when compared to the previous session’s close, it was a green day. This is obvious in the case of the green candle  because the fact that the candle is green means that it closed higher than the previous day’s close, even though it is filled in signifying that it closed lower than its own open. See  for the explanation of how to read the candles on the candlesticks with trend charts. Many traders and analysts disregard fibs entirely, as there are many traders who keep redoing in their fibs until the chart shows them what they want to see. By redrawing I mean choosing different highs and lows to measure until magically, the fibonacci line up with the trader’s analysis.

While this complaint is valid, knowing that fibs indicator are only another indicator of many and that nothing works perfectly every time can give a trader enough confidence to use them effectively. There are many retail trading platforms that don’t give data for more than ten or twenty years back in time. When you see the AUD/USD at all-time highs on your platform  only able to see back to 1990 , be aware that this pair has traded much higher than now back in the 1980’s. In this case, using Fib extensions can be very helpful.

 Traders can use Fib retracements on larger time frames to determine supply and demand areas, and on smaller time frames to help see join a trend in progress. Using the Fib extensions can help traders determine targets for possible profit taking. While previous supply and demand will be more effective than mere Fib extensions to determine exits, when we don’t have/see previous supply and demand, these measurements are one of the only tools we have to set our targets. So what are the Fib extensions to use? Because I prefer the “Big 3” retracement percentages of 38.2, 50, and 61.8, use the 138.2, 150, 161.8, 200, 238.2, etc., just adding a 1,2,3,  to the Fib retracements to find the more common extensions. Are there more Fib levels available? It then comes down to a trader’s preference on how many lines you want to see on the chart. If you threw in every possible combination of retracements plus measurements from different price swings, it would be nearly impossible to see the actual price action!

Article Source: http://www.articlesbase.com/investing-articles/candlestick-charts-fibonacci-4704874.html

About the Author

Fibonacci retracement lines with extensions from the swing high of 1.4963 to the swing low of 1.4308. The extensions show up above the swing high.

Candlestick charts Fibonacci

Forex Trading Breakthrough | New Cluster Bomb Alerts

April 30th, 2011

First, did you get a chance to check out OptionsU Forex Trader’s new C4 Currency Trend Tracker? Pretty awesome wasn’t it?

You know, the new enhancement they made to Forex Trader Pro that legally “stalks” currency pairs and practically FORCES you to find big trades in the Forex markets.

If not, don’t worry…you can see all of the demonstration videos with this final video below.

In this latest video, you’ll be introduced to their new, easy to use C4 Currency Control Center, along with its most exciting feature they call the “Cluster Bomb Alerts.”

This “explosive” major new enhancement to Forex Trader Pro will indeed become your “Control Central” for expert Forex trading!

Again, to understand the actual benefits of these improvements, you’ll need to watch the video.

Go here to watch the video now:

==> Cluster Bomb Alerts Video

Of course, what you’ll see in these three demo videos is just the tip of the iceberg as far as the power of the new and improved Forex Trader Pro 2.0 system.

To give you the “Big Picture” of how the new software can take your Forex trading to the next level and beyond, there’s going to be two upcoming webinars. Don’t miss them!

They will take place on Thursday, May 5, 2011 at noon and 9:00
PM EDT.

If you’ve watched any of the past three video demos, you’re all set for the upcoming webinars. You’ve been automatically registered!

Be sure to see how the new “Cluster Bomb Alerts” can ‘explode’ your pip gains to the upside. You can discover that… along with how the new C4 Currency Control Center will help you become an expert trader… by watching the latest video here:

==> Cluster Bomb Alerts Video

What Is Included with Forex Trader Pro 2.0?

Forex Trader Pro 2.0 has some incredible NEW additions that make it better than ever! In addition to the existing package, our members will also receive:

  • C4 Sniper We are REALLY excited about this brand new addition to our FTP Suite!  The Sniper software allows users to trade directly from their chart with just a click of the mouse!  This allows the user to focus on their trading and NOT the platform.  Traders Instantly enter with automatic protective stops and maximize profits by using automated “Take Profit” exits.  Check out the product videos for more information.
  • Instant Access to the FTP Forum
  • Cluster Bomb Alert System
  • Trade Sizing Risk Calculator
  • Trade Analyzer Daskboard

Original Forex Trader Pro Package Includes:

==> Read Full Forex Trader Pro 2.0 Review Here

Article Source: http://www.articlesbase.com/currency-trading-articles/forex-trading-breakthrough-new-cluster-bomb-alerts-4704937.html

About the Author

Rob Trader – Forex Expert
http://forextraderpro.biz/

Weekly Income Trader System All Questions Answered

April 30th, 2011

Throughout this document you’ll find answers to all of the most commonly asked questions about the Weekly Income Trader system.

How profitable is the Weekly Income Trader system?

The Weekly Income Trader system has been traded on live accounts since 2007.  The system has averaged an 18.45% annual return with 99% accuracy!

What should I do to get started?

For your convenience we have put together several documents and videos to help you get started with the Weekly Income Trader system.  This information can all be found in the member’s section.  We recommend that you follow these steps in order to get started:

  1. Read the account setup tutorial
  2. Setup your options trading account
  3. Read the Signal Following guide
  4. Read the strategy guide
  5. Start executing the trades that you receive in your trade alert emails
  6. Start earning your weekly income!
  7. Join us for a complimentary weekly webinar to discuss the strategy

==> Visit Weekly Income Trader System Official Website

What brokers should I use to trade with the Weekly Income Trader system?

After careful analysis we have found that Interactive Brokers and ThinkorSwim are two ideal brokers to use for this strategy.  For your convenience we’ve created documents and videos that will detail exactly how to set up your account with either of these brokers.

How many trades will I get per week?

You will receive 1-2 trades per week that should be executed in your account.

How will I get the trade alerts?

Trade alerts are emailed to you every week.  These alerts will come from mikhail@wealthinsideralliance.com, so make sure to add that email address to your list of safe senders.  This will ensure that the alert emails are not sent to your spam box.

How do I execute the trade alerts?

In order to help you with this process we’ve created a document and video that detail exactly how you should place your trade orders.  Please review these documents in the “Signal Following Guide” section of the members section.

What should I do if my orders are not executed in my account?

Since the Weekly Income Trader system uses limit orders, occasionally the trades that you place may not get executed.  For this reason we’ve put together a document all about following the trade alert emails and what to do if your orders do not get executed.  Please check out the “Signal Following Guide” section of the members section.

How does the strategy work?

This is a great questions and we appreciate your curiosity!  In order to teach you the ins and outs of the Weekly Income Trader system we have put together a detailed document called the Strategy Guide, which can be found in the member’s section.  Simply click the link below to review this guide:

How should I keep track and document my trades?

In order to simplify your trading and make it easy for you to document your trades we’ve created a trade spreadsheet that you can update with all of your new trades.  This will help you to keep track of your trades and see your overall profitability.  This trade sheet can be found in the “My Trade Sheet” area of the member’s section.

When are the webinars broadcasted live?

The webinars are held once per week.  To see the upcoming webinar schedule please visit the “Webinar Schedule” area of the member’s section.

Are the webinars recorded?

Yes, the webinars are all recorded and placed in “Webinar Recordings” area of the members section.

==> Visit Weekly Income Trader System Official Website

For the past four years the Weekly Income Trader strategy has consistently earned a weekly income from selling options on the major U.S. stock indexes. Our goal is to provide you with a strategy where you can easily make a weekly income with less than 10 minutes of trading.

To give you some background on the power of this strategy, let’s take a look at the historical performance of this system.

The Weekly Income Trader system has been utilized on live trading accounts since 2007 and has delivered more than 18% profit on average. Here are the incredible annual returns of the strategy since 2007:

Read Full Weekly Income Trader System Review Here:

==> Weekly Income Trader System Review

Article Source: http://www.articlesbase.com/day-trading-articles/weekly-income-trader-system-all-questions-answered-4704421.html

About the Author

Rob Trader – Forex Expert
http://forexprofitmultiplier.info/

How to Work Out Loan Modification with American Home Mortgage

April 30th, 2011

If you find yourself in a tight position and are falling behind payments, you might want to try getting a loan modification with American home mortgage. A loan modification is an agreement between a borrower and lender to change the terms of the loan. This change gives the borrower the flexibility to pay lower amounts of the monthly mortgage installments. Loan modification with American home mortgage also allows the borrower and lender to change the terms of agreement if they choose to.

Under the loan modification with American home mortgage system, the government of America has developed a Make Home Affordable Program. This program comprises of two sections. One features loan modification while the other features the refinancing of the loan. The loan modification plan will allow you to reduce the mortgage payments which you struggle to pay every month. The Home Affordable Modification Program (HAMP) is a part of the loan modification plan.

Eligibility for HAMP Loan

In order to be eligible to receive HAMP loan you need to have:

  • A mortgage before January 1st,2009
  • Should be an owner or resident of the house
  • For a single family home have an unpaid balance of $ 729,750
  • Unable to pay mortgage due to financial conditions such as medical expenses. In such a case, you need to present an affidavit of financial hardship.
  • Monthly mortgage payment should be more than 31% of your gross monthly income exclusive of taxes.

Under the system of loan modification with American home mortgage, if your current mortgage value is greater than your income you can also receive this loan to help you get back on your feet.

If however, you bought the house as an investment and do not live in it, you cannot apply for this loan. Financial hardship might also include the death of a family member or a divorce.

How to get Loan Modification

If you are planning to apply for loan modification you need to keep certain things in mind. The most essential thing is to collect the following data and document it.

  • The household’s monthly gross income.
  • Recent income tax return.
  • Data regarding your assets.
  • The mortgage rate of any other house you own.
  • Account balance and payments on credit cards.
  • A document explaining the reason for asking for the loan such as illness.

After all these documents are collected, you need to contact your mortgage provider to put your name on the list for the loan modification program.

 

Article Source: http://www.articlesbase.com/mortgage-articles/how-to-work-out-loan-modification-with-american-home-mortgage-4705467.html

About the Author