“RVI, no, that’s not an RV with a super charged Injection”

Hi there,

How’s things, I hope you’re keeping well and these videos are helping somewhat?

It would be nice to hear from you from time to time to let me know what you think and how I can be of better service to you.

Thanks

Okay.. Another MT4 Trading Indicator that comes standard with the Trading station provided free of charge by Metaquotes.

RVI – Relative Vigor Index

The Relative Vigor Index will measure the state of a previous price action, to determine the possibility that it will continue to go in the same direction.

RVI will compare the reference of a currency’s closing price that is relative to the price range. The end result is then smoothed out by performing a calculation using an exponential moving average of the values.

The relative vigor index is somewhat calculated in a method that the stochastic oscillator, however the RVI (Relative Vigor Index) will compare the close price relative to the open as apposed to the low.

Day traders would assume the RVI value to increase as the trend moves upwards and gains momentum due to the type of environment, a currency closing price is normally found at the top of a range while the open will reflect the low of the day.

Here’s video I made for you. And to be honest, I personally wouldn’t use this indicator, it’s very fiddly and lets off a lot of bad signals, or ones that your reaction to enter or exit will lead to more losses than gains.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

“Taking advantage of overbought and oversold levels”

Hi there,

I hope you’re well.

Today we’re going to talk about the RSI (Relative Strength Index)

The RSI is not something I use all the time, I’m more of a price action guy myself – jumping in when the momentum / market sentiment is there which involves Candle Stick Analysis.

Any howz…

The Relative Strength Index when used properly can be quite powerful, especially with other indicators added to the chart, which you will discover in other modules coming your way soon.

The RSI takes a look at the recent gains and compares them to the recent losses to try and determine overbought and oversold levels.

And from time to time you will see convergences and divergences giving you a good indication of a true overbought and oversold areas.

It’s also very power when used with other indicators as well, which we will get into in later modules.

Here’s a 7 minute video I made for you.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

“Dot dot dot – Morse code anyone?”

Hi there,

I hope you’re well

Parabolic SAR (Stop and Reverse).

Some might think that the SAR means Support and Resistance, when in fact it’s “Stop and Reverse”.

I think this is one of the lamest indicators out there, so I’m not going to talk about it much
here.. but in short:

Developed by Welles Wilder, the Parabolic SAR refers to a price and time based trading system. Wilder called this the “Parabolic Time/Price System”. SAR stands for “stop and reverse”, which is the actual indicator used in the system. Parabolic SAR trails price as the trend extends over time. The Parabolic SAR indicator is below prices when prices are rising and above prices when prices are falling. In this regard, the Parabolic SAR indicator stops and reverses when the price trend reverses and breaks above or below the Parabolic SAR.

Here’s a 3 minute video for you. Sorry.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

“The choice is yours”

Hey there,

I hope this post finds you well.

Today we’re going to talk about the Moving Average of Oscillator.

The Moving Average of Oscillator (OsMA) is not an indicator I would use all the time, if at all.

However, to use on its own is not advisable, other indicators are need to be used in conjunction with it to make signals more powerful.

The Moving Average of Oscillator is similar to the MACD (Moving Average Convergence Divergence), but it has more “Smoothing” properties applied to it, which in fact gives off signals before the MACD does.

Convergences and Divergences are also easily spotted here too which will give you a nice indication that the market is soon to change direction.

Here’s a strategy you can adopt right now.

Apply the MACD indicator to the forex chart as well.

BUY Signal:

When the Moving Average of Osillator histogram bar rises above the 0.00 line (Vertical Scale) for the first time, make sure that the MACD Histogram also rises above the 0.00 line at the same time. On the next bar Go LONG!

Exit the trade when the MACD signal line (red dotted line) exits out of the histogram.

SELL Signal:

When the Moving Average of Osillator histogram bar falls below the 0.00 line (Vertical Scale) for the first time, make sure that the MACD Histogram also falls below the 0.00 line at the same time. On the next bar Go SHORT!

Exit the trade when the MACD signal line (red dotted line) exits out of the histogram.

Here’s a 7 minute video I did for you.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com
Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: I’m fairly good at cherry picking, what do I need to do to get better at longer trades that give me lots of pips?

A: This is a pretty simple answer.

1) trade high time frames
2) do more analysis
3) have more patience and confidence in that you did the right analysis
4) Flip back and forth on other time frames to ensure that a lower time frame chart, ie, 15M, 30M almost look like the 1H time frame, if it doesn’t, but almost looks like it, this is a sign that it could possibly develop resulting in more gains.

note: trading for higher pip gains, it’s important not to freak out when you’re up by 80 pips then it comes down by 30 or so, assuming all the signals are in place on higher time frame charts or look as if they will develop, have patience, however, you also need to use a bit of common sense, self perseverance awareness when to close the trade too. Again this comes down to practice, keep at it and you’ll eventually weed out what works and what doesn’t for you. Not to say that if it doesn’t work out for you that there’s no way in chance for it to work, one has to think from another angle, and that’s why I am here, if you need help, you need to contact me so I can show you.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: How do you know if something is retracement or a true reversal of trend?

A: very good question. This is where I have totally freaked out some of my members on how and where exactly I now where a trade is going to end up.

The ADX will let you know if a trend reversal will appear.
Support and Resistance levels are another.
Macd Divergence / convergence is another.
Trend line break out systems I illustrate in the videos are another method

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: How do you know where to draw horizontal trend lines?

A: The General Rule of thumb is to draw these lines from Higher Highs to Higher Lows / Highs to Higher Highs, and another set to Lower Highs to Lower Lows. Once plotted they will give you a general direction of the overall trend to show you whether you’re in an uptrend or a downtrend.

It’s best to plot these on a 1H, 4H and definitely on the 1Daily chart.

Look at the higher time frames as a bird eyes view from above which will show you a larger picture of what is happening, while the smaller time frame charts are like a Plane on its way down to land, the closer you get to the ground, the more detail you can see as you come in closer.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: Which MAs should you have on your screen for best analysis? recently you’ve mentioned the 8MA, so how many should we use?

A: There really is no magic number, and one should really experiment with them, the ones I show in the videos are ones generally pretty good to start off with.

One thing though you should know is to have at least one higher Moving Average than the others, ie, 14MA & 50MA, the 14MA is the faster while the 50MA is the slower, the faster one will track the currency prices closer, while the other will be offset. Remember, that it’s an Average of previous data sets, the more data it has to calculate the farther apart from the currency price it will be plotted.

As you watch these on the chart, the higher Moving Average will always be hit, whether the currency price is above it by a significant amount, or below it by a significant amount. What’s good about this is if your trade has gone against you, you can see whether the trade will meet your opening price again. In some cases you wont get the chance to break even or even profit on the trade. But it’s all good, you can either just close the trade at a loss, or hedge the trade and cherry pick smaller trades to counter balance the loss.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: How do you know when exactly to jump in a trade when you see a golden cross?

A: Generally it’s a good idea to use this strategy along side other indicators so you can get another confirmation of the buy or sell signal. Though if you’re going to use it on its own, I would suggest to use higher time framed charts, ie, 30M, 1H, or 4H. These charts show less sporadicity.

As when to get in, this comes down to practice. The general rule of thumb is to wait for the two moving averages to get wider apart by a finger breadth apart. If you were to do this on the smaller time frames, ie, 1M, 5M, 15M time frames, this could be too late and could come back on you very quickly resulting in a loss on that trade.

You see, this course offers you the chance and the ability to trade for high pip gains. Although it’s ok to trade for small pip gains, over time you will notice trading on the smaller time frames will not only wear you out over time, known as “Burn out”, but will produce a lot of losses as well as positive gains. This can get extremely frustrating over a period of time, I know it was for me back in the early days learning Forex.

Learning to trade for the long term, ie, 100-300 pip moves is almost like learning to trade over again, however this time, one has to really put to use all the technical analysis they’ve learned together and execute each technique in turn to build that picture of what will happen next. And most of all, it will test your patience levels to the max. At first you’ll make some mistakes, we all do, so I wouldn’t get down and out about this, it happens, it’s all apart of trading, so never give up, and when ever in doubt, you should ALWAYS contact me for assistance.

You may want to check out my custom made indicator for MT4 trading stations below.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: If you had to use only one indicator, what would it be?

A: Good question. I’ve tried probably close to 100 indicators. The problem with MOST indicators is that they’re not very accurate, or create a lag; a lag whereby I mean it produces a signal after a fact of price movement.

One of my favorite indicators is the ADX (Average Directional Movement Index). I’ve found this indicator is probably one of the most advanced, accurate, forward signal generators there are out there.

What is the Average Movement Directional Index?

It’s a special tool that will evaluate the strength of a trend whether it’s going up, or down. Now this is very important to know whether or not the currency pair is trending in either of those directions. One false move and that could be the end of it all. It’s also not wise to jump into a trade half way through and this indicator will help you locate the beginning of an upward or downward trend movement.

The ADX will fluctuate anywhere between 0 and 100, these numbers are shown on the far right hand side of the indicator. However, it’s extremely rare to see these figures hit 60 or above, so at most you’ll see numbers between 3 and 56, give or take a few numbers here and there.

Low readings, below 20, indicate a weak trend, and high readings above 40 indicate a strong trend. The ADX doesn’t assess the trend as bullish, or bearish (upward or downward trends), BUT assesses the STRENGTH of the CURRENT trend. This is important to note. A Reading above 40 can indicate a strong trend downward, as well as a strong trend upward.

With the ADX you can also determine potential changes in the market from non-trending, to trending, as the ADX starts from below 20, and moves above 20, it’s merely a sign that a trading range is almost near ending, and a trend is starting to develop.

The ADX also has two accompanying indicators also developed by the same guy; J. Welles Wilder.
These are called the “Positive Directional Index”, which is written as +DI – I color these BLUE and the Negative Directional Indicator, written as -DI, and I color this one RED for easy visual representation. BLUE for an Upward movement of a trend, RED, for a downward movement of a trend. And the ADX, I color white, and this is the strength indicator.

The default setting for the ADX indicator is 14, you may change these around and experiment with them, but I have found that a setting of 14 does quite well, as with most default settings for any indicator you will find within your trading station / platform.

BUY & SELL signals can be generated by using the +DI & -DI as they cross over one another. ie, +DI crosses ABOVE the -DI = Upward Trend (BUY/LONG), vice versa, the -DI crosses ABOVE the +DI = Downward Trend (SELL/SHORT).

However one must approach this indicator with caution, the indicator is not very good at measuring whipsaws – large movements up and down over a short period of time; how short of a time? I mean, short, less than a minute or two. the ADX works best in a continuous upward or downward movement.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: Which time frame is best for smaller “cherry picking” trades, M15 perhaps?

A: First, let’s describe what Cherry Picking is.

Cherry Picking is almost on the borderline of Scalping. Scalping is where trades are either a) opened and closed within a 60 second period, or b) pip gains of 6 pips or under.

You have to be careful here, there are some places that do not allow Scalping, so you need to check the Forex Brokers terms before hand – and if you can’t find it, ask them before opening an account live with them. Some will allow them, but may not exceed 2% of the total trades you have done since inception of the Live Account creation.

Cherry Picking on the other hand, is jumping in and out for small pip gains, ie, 10-15-20-25 pip movement gains.

I tend to Cherry Pick should I come across the wrong end of a trade.

For instance. Let’s suppose I had a trade were I traded 100 lots per pip, this equates to $1,000 per pip.
If it goes against me by 100 pips, that’s $100,000 in the hole.

So what I would then do, is open new trades, either in the same direction or the other way, depending on which way it’s moving at the time, and choose to opt for 25-30 lot sized trades.

If my trades that I execute to recover from the $100k deficit (the trade is still open), and I make say $30,000 via my cherry picking methods, I’ll then open the dialog box where my 100 lot size trade is, and enter 30 lots into the area of the volume size, and click close. This would then close off ONLY 30 lots of the 100 lot trade. So since I made $30k previously, my 100k lot which is now down to 70 lots, is sitting at $70k deficit.

This removes some of the risk allowing more margin – breathing room should the trade keep going against me. For several hours, even a day or two, I’ll spend my time to make as much as I can while each trade I make profit from, will be deducted as before to reduce the risk, eventually placing me back to break even so I can clear out all my trades and step back, get a reality check…lol and try again the next day.

Ok, the days it took me to recover may end up as a no profit day, or a no profit week, but at the end of the day, my balance still remains healthy.

Now the best time frame to use for these Cherry Picking Trade are either the 5 Minute Chart Time Frame, or the 15 Minute Time Frame Chart.

What I would do, is keep an eye on the 5 minute chart for a while, looking for an entry point. Then I would quickly switch over to the 1 minute time frame to perfect my entry point. Remember: Lower the time frame chart you’re on, the more movements you’ll see. On the 5 minute time frame chart, it’s basically a consolidation of 5 x 1 minute candle sticks, moreover, there’s 3 x 5 minute candle sticks being consolidated for every one 15 minute time frame candle stick, and so on.

Once the signals line up on BOTH the 1 minute and 5 minute time frame, I’ll jump in.
Then I’ll spend some time on the 5 minute time frame and occasionally flip over to the 15 minute time frame to see if there’s much juice left in the trade, then flip back to the 1 minute then 5 minute just to make sure there isn’t going to be a reversal, even if it’s 5-10-15 pips or so. Every pip counts here.

I wouldn’t recommend to keep trading like this though, 1) it’s very risky and can deplete your account quickly, 2) it’s very tiresome and can burn you out quickly over the months to a point, all you see is just lines on the chart that make no sense.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: What is the best time of day to trade the EURO/USD, and, are there other currency pairs best trading hours somewhat the same as the EURO/USD?

A: This all really depends on you. Do you want to trade UK, European & U.S.A Sessions? Or do you just want to trade UK or USA Trading sessions? Each session lasts approximately the same. Generally trading opens when the stock market opens in the US, but trading in the UK Starts at approximately 3AM EST (8AM GMT). European Sessions open 1 hour later, at 9AM GMT and close One Hour later after UK Session. UK closes around 5PM GMT. Some days earlier by an hour or two.

Which hours / sessions do I trade? Well, to be honest, when ever I’m at the PC, some days I try to trade the UK Session as this session seems to be the fastest session out both the UK & US Session.

As some of you may know, my hours are all messed up! Welcome to the world of trading Forex…lol
I’ll find myself awake at 2am ready to trade the UK Session, and I may trade all the way through or at least keep my eyes peeled on previous trades that were open for a day or so, all the way into the late evening. Then you might find me saying “Hello, Morning all” on Skype, at 4pm cos I’ve just woke up…lol

Now as in which currency pair is my preferred pair to trade?

Well, what’s good for the Gander is not necessarily good for the Goose.

However, I do recommend for the time being to just concentrate on the EUR/USD as this tends to move slower than GBP/USD and faster than USD/JPY and a fair amount of pips can be made on the EUR/USD and a perfect pair to practice on to get in early on a trade. Once you master how to get into the EUR/USD at the right time, you can be looking at around 120-200 pips for that day!

This takes time to master. I’m finding that my Students get in at the right time, make a nice amount, ie, 40-60 pips, but jump out too soon. But hey, one has to learn to crawl before one walks, right? When you feel you want to spend less time analyzing the markets, practice on finding those longer pip gains. Set your take profits and stop losses appropriately, and sit back and let it rip!

Study any reactions in the market, why, if at any time, your stop loss was triggered. Was it because you didn’t take all the aspects of Technical Analysis into consideration? Or did you set your Stop Loss too close to the opening price.

Personally, I set my Stop losses to around 150 pips. This will cater for any fundamental news that can cause a Whip-Saw / Spike, a whip-saw is a huge move the other way of the general anticipation of it’s current direction your trade is going in; down or up.

You can also try practicing using the Trailing stop too. I’d set this quite high, to around 650-750 points, which is equivalent to 65-75 pips. Once your trade is in profit by this amount, the stop loss will be raised for AUTOMATICALLY! So even if the trade did come down by approx 30 pips and hit your stop loss, there’s no worries cos it’s already booked in those 65-75 pips.

Moving on. Have you noticed the AUD/USD? This is one of my favorite pairs…
Why?

Well, spend a day or so, just flipping back to your trading chart windows with the Aussie Dollar in action. Don’t worry about trading it. Just watch it. Watch as the EUR/USD & GBP/USD goes up, yup, the AUD/USD goes up with it, but this is not what I’m asking. Notice something?

If you did notice this, then well done! Notice how the GBP/USD and EUR/USD goes up, or goes down and the AUD/USD follows it, but how there’s less sporadicity going on. When the AUD/USD goes up or goes down, it keeps going in that direction with hardly any pull back / retracement like you will see with other major currency pairs. It’s also a slow mover too, but once it goes in that direction by say, 50 pips from a previous low, or a previous high on its way back down… LOOK OUT! This puppy can pull in those dollars big time!

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: You recommend after closing a trade to rest or wait until you get the next signal to open another trade. Is this because it may be a false signal?

A: That’s one of the reasons, but not the main reason.
As time goes by and as you experiment with the moving averages to catch a buy or a sell trade, you’ll find on many occasions you’ll lose trades, resulting in a loss. Not to mention can burn you out over a period of time.

Flipping back and forth is not advisable after each consequential signal found. Why? Some you will miss and you’ll find yourself jumping in half way through a trend on a particular time frame, and this is a NO-NO! Never get in half way through a trade. This is why Forex Trading takes practice and a lot of patience and not to forget the determination to succeed. It can get frustrating, but just think of the huge rewards down the road. Don’t look up to me where I earn over $100k a week trading, I’ve had 9 years of practice. Even after 18 months of studies, I wasn’t making that much, it took a good 4 years before I started to pull in a regular income.

Any way, just be careful when you jump in on signals, take a breather after the first entry and exit of a trade. Re-evaluate the market before jumping in.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

Q: When using the 14 day moving average and penetration signal how many pips do you wait before getting in?

A: The 14 day moving average is just one of the many settings you can use. Note, when referring to the moving average, we’re being somewhat broad here in its terms. There are several types of moving averages;

Simple, Smooth, Exponential, and Linear Weighted. We can also set these to OPEN, CLOSE, LOW, HIGH, HL/2 (High Low), HLC/3 (High Low Close), and so on. Each of these settings will have a different visual presentation on the chart, these can sometimes be used to perfect an entry point to reduce the lag of a signal by refining the calculations so they produce a signal on, or just before a candle stick moves up or down before it continues to go in that direction for a number of pips. Generally you might find that these signals are produced after a move has been made in any direction; this is the lag that needs refining.

Before I move on to explain what these mean, it’s good to know, if you like to expand on ones knowledge that is, the Moving Average in the Forex World is also referred to as a Rolling Average, or if you will, a Running Average.

It’s generally used to calculate a series of data points of different averages of subnets (in this case, a candle stick) of the entire data that is shown over the course of the days. 14 Day Moving average calculates the the data set over those 14 days. 26 day Moving average calculates the data set over 26 days, and so on.

The lower the number entered into its parameter settings will allow it to follow the actual market prices more closely. The higher the number, the further away these lines are drawn from the actual currency prices. This can have a positive effect as well as a negative effect. Positive in that it can help find a sell or buy signal, the negative, it can produce false signals, or a considerable delay before a signal is found, which can result in potential pip gains.

Let’s move on to what Simple, Smooth, Exponential and Linear Weighted means.

Simple Moving Average:
A Simple Moving average, also known as SMA. Is the unweighted calculation of the previous set of data points of a candle sticks closing price.

Smooth Moving Average:
Will basically apply a weighted value, which will produce a lag in certain areas of the chart. Although the the visual representation are somewhat the same, it can help to pin point where you can jump in on a trade and when to get out to a point that it irons out any sporadic activity.

Exponential Moving Average:
The Exponential Moving Average is also known as EWMA (Exponential Weighted Moving Average)
It’s simliar to the simple moving average, however there is more weight applied to the last set of data it collects before it draws the line on the chart.
It reacts a lot faster to the most recent data price set that changes than a simple moving average.

You’ll find that the most common settings for the Exponential Moving Average, or any for that matter are 12 and 26 EMA’s, these are generally used for short-term trading. The higher the number, the longer the term trading. Which is better? That all depends on your trading style, personally, have tried Short Term, intermediate term, and long term. I find that long term works better simply because it means less time on the trading station and just as many if not more pips are made and less losses occurred. How so? Look at it like this, the more times you have your hand in the pot, the more risk you’re putting yourself at getting caught by your Mum with your hand in the cookie Jar. A quick swipe in and out, less chances there are of being found out.

Linear Weighted Moving Average:
The Linear Weighted Moving Average is a nice setting, in my opinion I’ve found that it does iron out some of the lag time Moving Averages are known for.
The LMA assigns a higher weighting factor to the recent price of a candle stick that it does to any of the other indicators described above. It takes the average calculated tick of each of the closing prices over a given time period and then multiplying them by it’s current position in the data set we explained above. As they are accounted for, the sum of them are added together and then divided by the time periods to produce a mean average.

Now getting back to the initial question, now that I have filled your head with loads of info, probably that you’re not going to want to know later down the road any way, all the same, it’s here for you to refer to.

How many pips do I generally wait before the candle stick goes above for a buy trade or below for a sell trade? This all really depends on what time frame chart I use. Most times I tend to use the 30M, 1HR, or 4HR time frames. Now knowing that the lower the time frame, more sporadic / volatility is noticed on the charts, the higher the time frame you use, the less of this volatility seen. In turn one has to wait more before a signal is generated then wait for the gates to fully open – surpass a particular point of no return. Once a price commits itself on a higher time framed chart, the less chances there are of it coming back quickly like you will notice on smaller time frames.

So, 30M Chart, I’d wait approx 25-30 pips.
1HR Chart, I’d wait approx 35-45 pips.
4HR Chart, I’d wait approx 50-70 pips.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://ForexSignalMentor.com/

“Making the most out of the lagging moving average”.

Hi everyone,

I hope you’re all keeping well.

And thank you for all the emails I have received with your nice comments. You’re all very welcome.

Ok, the Moving Average.

The moving average is probably jointly one of the most popular indicators out there known to man (or at least to traders; male or female), and its probably one that some hate to use.

However, setting the moving average to a period of 200 and a M.A Method set to Exponential, is a setting most professional traders use for longer term trades which can go on for days, even weeks.

A 200 moving average will take the previous 200 days of data and plot the M.A accordingly. It can be used on any time frame, though it’s commonly used on higher time frames for the longer term traders.

With this moving average setting applied, it will give you a good indication of a trend change (only on higher time frames). Granted, smaller time frames do also show trend changes, but these are short lived, i.e., a trade can go up 10-30 pips on smaller time frames then the candles (current price action) can fall under or rise above the 200 M.A in a very short period of time. And due to this sporadic nature on smaller time frames, larger ones are opted, OR more moving averages are plotted on the charts to weed out the bad trades and keep the good ones.

There’s a technique I use called “The penetration”. This means that when the candle, the current price action closes above or below the moving average, its a sign to either close out of your existing trade, or prepare to open a new one if you do not already have one open.

Now don’t always take this for granted if you’re using a single moving average, if you’re familiar with Support and resistance levels and or demand and supply levels which are more or less essentially the same, spotting a good entry will be easier to find.

Other ways to weed out the possible losses is to wait for a HUGE candle to penetrate the moving average, rather than a small candle. This will give you a better market intent perspective. Larger the candle, the more buyers or sellers are behind it. And there’s a good chance it will continue to go in that direction, providing there isn’t an immediate support / resistance, and or demand or supply level in its path.

For instance, you dont want to take a buy signal regardless if all the elements you’re looking for line up if its near a resistance level or a supply level, b’cos it’s just going to reverse, at least a majority of the time.

Here’s a 17 minute video you can watch, so get yourself a cuppa tea.

I hope this helps.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com
Need a Forex Mentor?
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“Does the money really flow in the direction we want it to – our pockets?”

Hi Everyone,

I hope this post finds you well.

You know, I’m really surprised that hardly any of you have made comments to these posts. Am I really explaining things well that each of you understand?

Cool! But would be nice if the 400+ daily visitors said hi, thanks, or asked questions.

Money Flow Index: What does it do?

Well, its a little like the CCI (Commodity Channel Index),Relative Strength Index (RSI), and others like it; it helps not only identify the trend, but shows you overbought and oversold levels.. as you know, from time to time these will show Bearish Divergences and Bullish Convergences.

The Money Flow Index (MFI) indicator is best used on 1HR or above time frames, smaller time frames are too sporadic to get a handle on what really is happening out there in the Market.

MFI, although should not be used on its own, is a more robust indicator in which it is volume weighted, and a good measure of its strength of “money flowing” in and out of a security.

What it does is, is it compares “positive money flow” to “negative money flow” to create an indicator which can be compared to price in order to work out the strength and or its weakness of a trend direction.

Similar to the RSI (Relative Strength Index), MFI uses levels of 0 to 100 and set to a 14 day period.

I would personally set the levels at 80 and 20.

80 to show overbought levels, 20 to show oversold levels.
I’d also place a level 55 and 45, these would act as triggers, along with confirmations of other indicators.

55 would tell us to BUY, 45 would tell us to SELL, and anything in between, we would not enter, and just wait.

Here’s a 9 minute video that explains how to use it.

I hope it helps

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
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“Don’t let fatigue get the better of you. Know when to walk away”

Hey there…

I hope this post finds you well.

You’re probably wondering what’s with the opening statement, what’s that have to do with trading?

You can hear it in my voice in this video; spent a while awake and dong these videos, 17 in a row with no break.

When you’re on a roll, no matter if you’re at the Casino or Trading Forex, or Playing Poker, spending too much time at the table can get the better of you, eventually.

Don’t fall victim to fatigue!

Al’righty…

The momentum indicator. Personally, I don’t use this any more, waste of my PC resources to be honest.

General idea here is pretty plain and simple. When the Momentum Drops, wait for a reversal, and vice versa.

Personally, I would skip this video (and I bet you watch it…lol)

See you soon in the next post,

All the best and happy trading

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
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Hi there,

Here’s an 8 minute video on the MACD: Moving Average Convergence Divergence.

A good indicator, but best used in conjunction with others, like ADX, RSI, etc, as from time to time the MACD lets off false signals.

There’s a better MACD indicator, called the I-MACD which produces better signals, we’ll talk more about that later.

So how do you use the MACD?

The main things you need to look at are:

The Histogram.
The signal line.

When you see the histogram above the 0.00 level (vertical scale), its suggested one is in bullish territory, or bearish territory is its under the 0.00 line.

The signal line; when it penetrates from below to the top, its a suggestion to go long – buy. Sell vice versa.

Bearish divergences appear when the MACD makes new lows, while the currency market is making new lows… eventually the market has to follow suit with the MACD and level off before continuing to go higher.

Bullish convergences is essentially the opposite of above.

Here’s a video that shows you how to use it properly…

Dont spend too much time on this one, cos the next lot of videos to come will have the Imacd indicator on it, which is far much better.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
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Hey there,

Here’s an indicator I had no idea how to use a couple years ago, which shows in this embarrassing video.

You’ll see why, this indicator is a little difficult to use, which is why I moved on and tried other strategies, until one day I found a more forums to read up on how to use the Ichimoku Kinko Hyo.

After some studies, I found it to be a very powerful indicator. In the months to come I’ll do a webinar showing you how to use it properly.

The Ichimoku Kinko Hyo was initially designed to spy on the Japanese Stocks, by studying the daily and weekly time frames.

There’s several ways you can find buy and sell signals. First the buy signals, the sell signals is just opposite of the buys.

1) Kijun Sen and Tenkan Sen cross over, the Tenkan Sen should cross above the Kijun Sen, and be above the cloud.

2) Chikou Span should be above cloud, and price action should be above cloud (current market price)

3) The cloud’s Senkou A and B should cross to form a bull cloud, and Chikou Span should be above the cloud.

4) Price action breaks top part of cloud, enter on new candle.

Take Profit levels are normally targeted towards the Equilibrium, these are the Kinju Sen lines which form a straight line, price 90% of time head back to this level.

Here’s the embarrassing video I made…

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
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Hey there,

Here’s a very interesting indicator and a trade setup.

You may remember me talking about how to make lagging indictors work for you.

In this video below, I mention that I have not tried this indicator before; note that these videos were done over 2 years ago.

But I have since then, and I’ll show you a pretty good set up that you can start using straight away!

The envelopes consist of 2 to 4 moving averages – depending on the set up, and positive and negative user defined percentage deviation.

1. Moving Average: A simple moving average needs to be applied to both the high and lows which uses the 20-period, though this can vary from one technical analysts to another; a person could just adopt one close when calculating the moving average rather than two.

2. Upper Band: The moving average of the HIGHS minus a user defined percentage. Typically between 1 & 10%

3. Lower Band: The moving average of the HIGHS minus a user defined percentage. Typically between 1 & 10%

When to buy:

If you notice you’ll have one set of moving averages on the chart by apply the Envelopes Indicator.. default setting is 0.20% deviation.

Trick here is to apply two sets of this Envelop Indicator.
Change the deviation percentage to 1.00, then open another, and change it to 2.00; make note of the colors and ensure they are different; ie, two whites for your first indicator, and two yellows for the 2nd.

Buy when the price action is below the 2% deviation indicator, but closes below the 1% deviation indicator.

Vice versa for a sell.

Here’s a video that shows you how to use the Envelopes indicator.

Looking for the ONLY Indicator to Produce 100% Wins
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Hey there,

Here’s another indicator, called: DeMarker.

It’s not something I would use all the time. If at all.

Its purpose is to measure the underlining demand by calculating previous price action to spot tops and bottoms in the markets.

a value of 0.7 suggests overbought areas, while 0.3 suggests oversold areas and a reversal is forthcoming.

If you’re going to use this indicator, use it along side a Stochastic Oscillator, ADX (Average Directional Movement Index), and perhaps even the RSI; all at the default settings.

Once you get an idea of how to spot these reversals on the
higher time frames, such as 4 hour and daily, you may want to move to lower time frames and ensure any of the other accompanying indicators all line up and say the same thing; buy or sell.

Here’s a short video, about 4 minutes long.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
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“Green light, Amber Light… still need to look left and right though…”

Hey there,

You’re probably wondering what the…

Green light, amber light? Look left and right?

heehee, what I mean by that is…

I look for triggers, hence green light, amber light.

The amber light is the trigger, green light the confirmation.

Although the Commodity Channel Index is pretty good at
locating areas for us to support a buy or a sell, its not
perfect as the video below reveals.

But it’s a good indicator to use along side another, like
the ADX (Average Movement Directional Index), RSI
Relative Strength Index, etc.

What we’re looking for here is for the CCI to hit 0.00
level and peirce above the 100.00 level to initiate a
buy, and vice versa for a sell.

You may also notice I was using the 30 MIN time frame.

Longer the time frame you use, the better the results
will be using this indicator on its own.

Here’s the video:

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

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“The bubble bust”

Hey there

I hope all is well, and you’re enjoying posts so far.

BTW, not getting many people replying back to the blog posts, I’m assuming that people are understanding everything so far.

Al’righty then, Bollinger Bands.

Pretty neat indicator, there’s so many different methods of trading, it’s hard to just stick to one.

Here’s the deal, in laymens terms on how to use it.

Use the Default settings, and once you get an understanding of how it helps us to make a buy or sell decision, by all means, experiment with the settings – that’s what makes a good trader; coming up with new ways to locate safer entry areas in the markets.

The Bollenger Bands is kinda like a volatility indicator.
By that I mean, when the market goes side ways after a large move; known as consolidation, the bands tighten up…

This is your cue to get ready and inspect the market a little more.

Decide when its time to enter.

Here’s some methods for buy signals – and vice versa for sells.

1) candle’s close price, closes above the upper band.
TP level will be at the previous upper bands high.
SL level will be at the previous lower bands low.

2) when the middle band has been broken.
TP immediate upper band.
SL immediate lower band.

3) when a hammer appears at the bottom of the band, enter on new candle.
TP either middle band or upper band.
SL below the low of the candle to the left of the entry candle.

4) two bars with almost same price, ie, bar one’s down bar and bar two’s bar have a low that’s pretty close to each other. Enter on new bar after break of the previous two when this happens at the bottom of the Bollinger Bands.

That’s just some of the methods, so many more. Hopefully one day I can invite you to a webinar and show you some more methods.

Until then, here’s a video I made for you on how to use the Bollinger Bands and if memory serves me correctly a strategy or two.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

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If there’s any time to trade with a keen eye, now would be the time.

Two slightly peculiar indicators that hardly make any sense when first looking at them on the charts, but what does stand out, when Bulls power heads into a positive, the market price increases. The Bear Power, as it falls into negative, would suggest a drop in market price.

But how do we find the signals to go long or short on the Bulls and Bears power indicator?

Well, the secret is, to use both of these together, along with a exponential moving average. Default 13 is fine.

The EMA 13 is used to determine the direction of the trend.

Then we focus on the Bulls and Bears Power bars.

We’re looking for an area in the market where the Bulls or Bears have been their most greediest, then jump on the wagon as it reverses.

BUY SIGNAL:
Locate the ascending area of the moving average (EMA 13).

The bears power is negative, but increasing at the same time; ie, the value of it is getting higher.

The last peak of the bull power is higher than the previous one.

And lastly, a bears power increases after the bulls divergence.

SELL SIGNAL: the opposite.

Here’s a video that explains the Bulls and Bears Power.

Confusing right?

Well, here’s something that will help you spot buy and sell signals.

Click here to download the Bulls and Bears Power Alert indicator

RIGHT CLICK and choose “SAVE AS”… unzip to desktop. And copy and paste the FXI_Bear_Bull_Power.mq4 into your indicators folder:
<drive path>\MetaTrader\experts\indicators

It doesn’t matter what time frame you place this on.

What we’re focusing on is the information in the top left hand corner.

When the time frames noted there, 5 min, 15 min, 30 min and 60 min, then their values are all positive = BUY SIGNAL
When all the time frames above show values of which are in negative = SELL SIGNAL

The only downside to this indicator, is there is no visual alert, so you have to be pinned to the charts.

Maybe you could have a friend code in a visual / audio alert

Hope this helps.

All the best

Loz

“Pikes, Twin Peaks, Saucer…What the…”

Hey there, hope all is well.

It was quite a few years ago I heard of some people using the Awesome Oscillator and how accurate they were using it to make buy and sell trades.

For the life of me, I was struggling to find some consistency in the winning trades.

With some perseverance I was able to find some hidden tricks that is not found anywhere else online; at least to my knowledge.

We’ll get to that later.

First thing you should know, this indicator should really only be used on 1 HR time frames or above… 30 minute is ok, but the amount of pips that can be made is not as great as the latter.

Sure, by all means practice on smaller time frames, then work on the larger ones later to aim for those larger moves.

Ok… there’s 3 different types of signals that’s generated off the Awesome Oscillator.

Signals To Buy:

1. Saucer:
   Keep in mind that the buy signal is only generated when the Bar is above the naught line, or what’s referred to as the ‘vertical scale’ or ’0.00 line’.
   ** A saucer signal is generated when the bar is above the 0.00 line, i.e., reversed from a downward bar, to an upward bar.
   ** The second column is column is lower than the first, and colored blue (in the video below).
   ** The third column is higher than the second, and is colored red.
   ** For the saucer to be generated, three columns must be present.
2. Naught Line Crossing:
   ** A signal to go long, arises when the bar goes from a negative value, to a positive value
3. Two Pikes:
   ** The signal is generated, when you have a pike pointing down (the lowest minimum) which is below the naught line and is followed by another down-pointing pike which is somewhat higher (a negative figure with a lesser absolute value, which is therefore closer to the naught line), than the previous down-looking pike.
   ** The bar chart is to be below the naught line between the two pikes. If the bar chart crosses the naught line in the section between the pikes, the signal to buy doesn’t function. However, a different signal to buy will be generated — naught line crossing.
   ** Each new pike of the bar chart is to be higher (a negative number of a lesser absolute value that is closer to the naught line) than the previous pike.
   ** If an additional higher pike is formed (that is closer to the naught line) and the bar chart has not crossed the naught line, an additional signal to buy will be generated.

Here’s a video that explains the Awesome Oscillator:

Phew, bit of a mouthful and totally confusing right?

You bet,

Why can’t people just simplify these things.

Ok, the naught line crossing sounds easier enough? Yup, but the consistency of winning trades is terrible.

So how can we find ‘another’ way, a way that the teachers of these indicators have neglected to tell us?
…(I’ll do another video in the weeks ahead that explains this)

but for now, here’s a textual explanation.

METHOD ONE:
Locate positive bars in the Awesome Oscillator. Then locate an area of consolidation. Take the break of the first Awesome Oscillators consolidated bar (for a buy signal – and opposite for a reverse)

METHOD TWO:
Apply a Fractal indicator, and take the break of the fractal high when the awesome oscillator’s positive bar is within a 3 count. vice versa for a sell signal.

Intrigued to see what how it works?

Until the next video…

All the best

Loz

“Was it worth the effort?”

Out of all the indicators I have studied, this probably has to be the lamest one. Excuse the tone, but seriously, it doesn’t really serve any purpose.

Its goal is to spot volatility in the Stock Markets 4 years after I was born, 1978.

Woohooo!

Ideally what you’re looking for are “Trend Changes”, who really cares what the volatility is if you’re on the right side of the markets. The Average Directional Movement Index Indicator, that comes standard with MT4 trading platforms will do this and more! It has a far better component than the volatility indicator; Average True Range. And that’s the “Strength”.

I believe the previous post refers how to use the Average Movement Directional Index indicator.

Any hows, here’s a short video about the ATR indicator.

Also you may find this page helpful with more information how to use the ATR – http://stockcharts.com

“If you ever wondered when the trend is going to change, this is the indicator you’re going to need…”

Hi there,

I hope all is well and you’re enjoying the information / videos. If you have any questions, as usual, reply to this post below.

If it’s one question I get asked a lot, it’s when should I exit a trade / enter a trade / how do I know the trend is going to finish and go the other way?

Answer: Average Movement Directional Index

To locate the ADX MT4 Indicator, locate the navigation panel, twirl open the indicators folder, and you should find it being the 3rd listed from the top.
Simply click to highlight, while holding down the mouse button, drag the indicator on to the chart, your cursor will look like a square box with an arrow on it.

Let go of your mouse and the indicators property box will appear.

You can change the colors if you wish. I color mine as the colors of the BUY and SELL order window buttons, Buy = Blue, Sell = Red.

In the colors section of the property window, you’ll see “DI+” and “DI-”.
color DI+ Blue, and color DI- red.

Now I tend to use a black background, and just recently I understand that color blind people are unable to tell what blue looks like, my apologise. These videos were done in year 2009. I just hope it’s a different color than the red so one can still follow along.

If you’re using a black background, white or yellow would be a suitable color for the ADX, that’s found via the first tab in the property window, if my memory serves me correctly.

You don’t need to edit any of the numbers, just the colors. Now the thickness of the lines you could change. Play around and see what suits you best.

Ok, once the adx is applied to the chart, what we are looking out for is to locate an instance where the DI+ and DI- are crossing.

If the DI+ crosses from below, up and over above the DI- line, its to say we are in pursuit of an upward move, reversal of previous move.
If the DI- crosses from below, up and over above the DI+ line, its to say we are also in pursuit of a move, but this time, a downward move, or reversal of the previous move.

Hope that makes sense, if not, don’t worry, the video below will help clear things up.

Then once we’ve found a point in the market that any of the above arises, focus on the ADX line, its the White one that we colored earlier (or yellow depending on your choice).

Ideally we need the ADX (the strength / signal line) to rise to a value 30, or be at a value of 30 or above before we enter the trade.

By doing it this way, we are minimizing the possibility of having more losing trades, by filtering out the noise so to speak so we can pocket 80-100% profitable trades as these set ups appear!

Here’s a video to explain more how to use the Average Directional Movement Index indicator.

There you have it.

Hope you enjoyed it, any questions, just hollar with a comment below.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“Chomp chomp, Look out, it’s the Alligator…”

Hi there,

Hope all is well.

Here’s a pretty good indicator, its called the Alligator.

Some people might look at this and say, hey Loz, this looks a lot like the Ultimate Golden Cross.

What Looks like, and what might smell like, doesn’t necessarily mean it’s one. (what ever that may be)

You see, yes indeed, Ultimate Golden Cross does use Moving averages, but it’s not what it only uses.
There’s hidden elements in there purposely left out!

Also, the Alligator works a little differently.

• The blue line (Alligator’s Jaw) is the Balance Line for the time frame that was used to build the chart (13-period Smoothed Moving Average, moved into the future by 8 bars);
• The red line (Alligator’s Teeth) is the Balance Line for the value time frame of one level lower (8-period Smoothed Moving Average, moved by 5 bars into the future);
• The green line (Alligator’s Lips) is the Balance Line for the value time frame, one more level lower (5-period Smoothed Moving Average, moved by 3 bars into the future).

However, some of the principles remain the same. It’s not what you would normally expect, most traders tend to take the indicator at it’s explained face value, rather than thinking outside the box, and you’re going to need to think out side the box if you want to remain in the top 5% of the traders out there.

General rule of thumb is when the red and green line cross under or above the blue line, its a sign to go short, or long.

However, this tends to a lot of losing trades. So what we’re going to have to do is add extra analysis to our decision making when we see a particular formation appearing.

What you’re going to need to do, is wait for all three of the alligators lines to line up and cross in the same direction, and take note of how far the cross is from the candle.

Now you’re going to need to experiment for a bit here, ignore the 1 and 5 minute time frames, concentrate on 30 minute, 1 hour and 4 hour time frames, 15 minute time frame is ok, but don’t expect to make as many pips as you would on higher time frames.

If you’re working off the 15 minute time frame, don’t be so anxious to jump out of the trade, it can take as long as 2 hours for your TP (Take Profit) level to be hit.
Work with 10-15-20 pip take profit targets on 15 minute time frames…

15-20-25 pip targets on 30 minute time frame, allow for at least 3-4 hours for TP to get hit
20-25-30 pip targets on 1 hr time frames, allow for at least 4-7 hours for TP to get hit
30-35-40 pip targets on 4 hr time frames, allow for at least 5-12 hours for TP to get hit.

As to the stop loss levels, use the previous high as your stop loss if you’re in a sell / short trade, and vice versa for a buy trade, find the previous low.

If your stop loss is fewer than 20 pips, find the next high/low and use that instead.

Now if you’re trading this manually, seeing the trade through, you don’t necessarily need to leave it til it hits the take profit targets, you can let the trade ride, moving your stop loss closer to your opening price to protect the trade as much as you can as gains are being made, then exit the trade when the candle closes back above or below the Alligators Jaw…

For instance: if you’re in a buy trade, you’re looking for the candle to close below the Alligators Jaw, if you’re in a sell trade, you’re looking for the candle to close above the Alligators Jaw…
However, you will notice that this exit strategy isn’t as profitable as the higher time frames, ie, 1hr and above.

Here’s a video that explains how to use it… also, in up and coming modules, we’re going to show you how to mix other indicators to come up with as many forex strategies as possible…

I hope this helps and you’re finding the posts so far helpful

Please feel free to pass on this link to your friends, or use the social bookmarking buttons below this post, or the tweet button at the top right of this post.
The more people we can help understand how the forex markets work and profit from it, the bigger and better our Forex Underground Signal Lab will be.

So help me, to help you and your friends become a force that the Brokers will not want to mess with!

Until the next post, take care and happy safe trading!

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“Accumulation/Distribution Technical Indicator”

Hi there

Hope all is well.

Ok, so how does the Accumulation/Distribution Technical Indicator work exactly?

Well, its a bit of a difficult indicator to muster, staring at the charts all day long to get a feel of things, tends to make you go blind after a while…lol

But seriously, it’s quite easy to mess up the signal, so you need to be careful.

The purpose of the Accumulation/Distribution Technical Indicator is to find areas in the market that have failed to meet the security prices.

When there is a disparity, the indicator peel away from the price action (the current market price of the currency pair).

Example:
If the currency price is going up… And the Accumulation/Distribution Technical Indicator is going down.
This is your alert to get ready and take on a Short trade.

And vice versa, just remember, the market price will follow the Accumulation/Distribution Technical Indicator, as to when, we don’t really know…. so what you’re going to have to do is use trend line analysis to determine an area to enter based on a break of the trend line entry.

Here’s a video explaining how to use the Accumulation/Distribution Technical Indicator:

Hope this helps, if you have any questions feel free to post them below…

And thanks for continuing to read the blog, more to come.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“Accelerator / Decelerator Oscillator – How Does it Work?”

Hi there,

Hope all is well

Ok, in the first module of four, we’re going to talk about how to use the Accelerator / Decelerator Oscillator.

It’s a little confusing to start off with. So don’t be afraid to ask questions – those who have, were able to improve on their skills.

Now I’m self-taught, I didn’t pass any exams whilst at Secondary School, other than my Art & Electronics.

So, you don’t need a huge IQ, or spell well.

To help me understand what an indicator is doing, i look for patterns that emerge for buy and sell signals.

I’m looking for an area in the market, lets say a buy signal:

I’m looking for a BULL CANDLE; a candle that represents an increase in the currency pairs’ market price. And I’m looking for the Accelerator / Decelerator Oscillator (AC for short) to be above the vertical scale, i.e., 0.00 level. (watch video for more information, below)…

You’ll notice that I changed my colors, and I was informed the other day about a gentleman who is color blind, unfortunately, all these videos were done in year 2009, so I do apologise for anyone who has difficulty in determining color sets.

But for future reference…. BLUE is my BUY / LONG / BULL Candles (which also represent the blue buy button on the order window), and RED is the SELL / SHORT / BEAR Candles (which also represent the red sell button on the order window).

Ok, now in laymen terms how to use the Acceleration/Deceleration Technical Indicator (AC) indicator, when you see the blue bars above the 0.00 level, its to indicate a move upwards, as the bars change color whilst still above the 0.00 level, its an indication of the current move upwards is stalling (it’s not an indication of a trend change)…

And visa versa if the bars are under the 0.00 level.

Take note though, just because the bars are above the 0.00 level, it doesn’t mean we’re in an uptrend… we need to always be cautious of over-bought and over-sold levels in the market; these can skew ones analysis off a little if the trader is not being fully aware of what is happening around them.

HOW TO SPOT A LEGIT BUY OR SELL SIGNAL WITH HIGH REWARD, AND LOW RISK?

Ok, lets break this down a little so you can understand how we can come to a conclusion when its time to open a trade.

1) we know that BULL candles represent a price increase of the currency pair
2) we know that the AC indicator, if bars are above the 0.00 line, it’s an indication of a move higher
3) we know that when the AC bars change color, its time to get ready to exit the trade

Now we put all this together.

1) we look for a BULL Candle
2) we look for a Blue bar on the A/C indicator
3) we need the blue AC bar to be above 0.00
4) if all 3 above equal “YES”, go long (BUY)
5) if item 1 – 3 above do not equal “YES”, then NO TRADE
6) if item 1 – 3 above equal “NO”, then open SELL trade (this is basically saying, we see a BEAR Candle, red bar on AC indicator, and the red bar is below 0.00 level).

You can do this on any time frame, but I will warn you, you’ll get more discouraged using a lower time frame like 1 minute and 5 minute, and not as much success, but better than the formerly mentioned time frames, on the 15 minute…

For better results, use 30 minute time frames all the way up to say, 4 hour time frames.

Take note though, the lower the time frame, the less you will get out of the trade before it retraces. Higher the time frame, the more you will get out of it; additionally to note… if any of these signals appear towards a support level (for a sell signal), do not attempt to open trade, majority of the time it will respect the support level and bounce off it and head back the other way… same too for a buy signal, make sure the signal does not appear near a resistance area, as this too will end up bouncing off and heading back the other way…

It’s only when there’s hardly any congestion in any direction, will there be a nice move of around 30-200 pips.

Alrighty then, here’s the video intro on Acceleration/Deceleration Technical Indicator (AC):

I hope this helps, and thanks for sharing, tweeting, social bookmarking these pages

If you have any questions, feel free to reply back to this post.

See you soon in the next post,

All the best and happy trading

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“How do I open a new demo forex account?”

Hi there,

How’s things, all well I hope

OK, some basic stuff before we move on to the nitty gritty (how to use the indicators available)… How to open a forex demo account.

Video below explains how the process is done… one thing I would say is, if you’re using a demo, use a false email, name, etc; it’s all good.

Take note that FX PRO, doesn’t accept Canadians, or American’s… Only European’s, Australians, Asia, etc.

Try FXOPEN if you’re in the N & S USA and Canada

Hope this helps,
Thanks again for reading, and sharing the link to these blog posts to others, I’m sure they’ll find it helpful

All the best

Loz

“Understanding the MT4 Market Watch Window”.

Hey there,

I hope all is well.

Today we’re going to talk more about how to use the MT4 Metaquotes professional trading platform.

Last post we talked about the overview of all the areas in the trading station, now we’re going to focus more on the Currency pairs in the market watch window.

It’s important to understand this window in the terms of buying and selling a currency, note: I did not say sell a currency pair.

When you’re trading the forex markets, regardless of what currency pair, you’re buying and selling two different currencies.

The reason why this is important is, if you notice some fundamental news soon to be released, and when the data comes out, IF it supports the United States Economy, the United States Dollar increases in value.

With this in mind, any forex currency pair that has a USD symbol beside it, the other will drop in value if the US Economy is doing well, and vice versa if it was bad data.

Example:
Job Less Claims report, released every Thursday at 8:30am EST.
If there were fewer jobs lost, its good news for America, as that for any country who’s unemployment rate improves.

And if we were looking at the EUR/USD pair, what do you think will happen to its price?
Go up, or go down?

If you answered the EUR/USD Currency pair will drop in value, then you’re correct!

How about USD/CHF Currency pair, if the Job Less Claims report was a good one?
Will it go up, or go down?
If you answered go up, then you’re right.

NOTE: What I have noticed, especially more so since 9-11, speculation is not as bad as it once was; speculation is one of the many fears traders face (and what causes wipsaws / huge spikes: remember those Non-farm Payroll reports back in 1995 – 200-500 pip moves in a space of 20 minutes?), if they all get scared, people want to get out of their positions and cash in on their investments… when hordes of people do this in a short time, you’ll see a mass panic, and prices dropping rapidly…

When the stock market almost crashed recently, the US Gov, put in a quick law, that no selling is allowed during pressured times like a stock market crash.

Market Watch BID / ASK Price

There’s two columns with numbers in it, one is the ASK and the other is the BID.
The difference between these two, is referred to as the spread.

The spread is a fee you are automatically charged as you open a market order (buying or selling a currency pair at the current real time price).

Generally spreads are found between 0.5 pips, to 8 pips. Though the widely used (6 major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, GBP/JPY,AUD/USD) generally are 3 pips spread or less.

So if you want to buy the currency pair EUR/USD, you will be charged the ASK price (the lesser value: this invokes the spread / fee), and visa versa if you want to sell the EUR/USD pair, you’re locked in at the BID price.

One thing I would like to note: Since this new speculation law, people are keeping their thoughts more or less to themselves, or at least within a controlled environment so panic doesn’t spread like wild fire. Is that some of the data is not factored in until the next day, or the day after.

So be sure to make extra care that your analysis is correct…

PIPS: What is it?
=============

PIPS stands for: Percentage Index Point, Percentage Investment Point, correct term is the former.

A pip is like 1,000th of a cent. And since these pip values are so low, smaller than stocks, if you can believe that.
This is why we have huge amounts of leverage available to us, as high as 500:1, even some places, 1000:1.
This means we can borrow up to 500/1000 times our initial lot size.

Its not like we borrow the money from a bank, it’s automatically allocated to your position based on the leverage you chose when opening a forex account, to make the market move, other wise with low leverage like 1:1, 2:1 like you have with trading stocks and commodities, the Foreign Exchange Markets would hardly move at all.

It takes huge volumes to make the forex markets move, hence the leverage.

Did you know that the stock market only trades around $86-90 billion dollars globally, on a daily basis?
yup…
But did you that the forex has become more popular, as much as 33% in growth of trading volume in the past 2-3 yrs? Yup, hows $3.2 TRILLION… yup, $3.2 trillion dollars PER DAY!

This is what makes the forex markets such a profitable industry to be in, take a look at the previous posts I made, $261,000 in two days. It took ALL what I know in the forex to pull it off, took a while, but achievable.

Any ways, here’s a video I made you that explains more about the MT4 Meta Quotes trading Platform Market Watch Window.

Until the next video…

I hope you’ve enjoyed the posts so far and thanks for continuing to read the blog, retweeting, facebooking, review creations, etc, most appreciated

All the best and happy and safe trading

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“Understanding how to use the MT4 Metaquotes Trading Platform”.

Hey there,

I hope all is well.

Ok, I’ve decided to go another route on this course, initially I was going to make posts on the fly as well as the videos. But I figured that I might be a bit delayed some time in the future and putting me off the schedule outlined course I had in mind, so what I have done is taken a course that I made in 2009, re-rendered them, and crunched them down to size for easy viewing…

However, if you would like the full course for download, I’ll cut you a deal and you can have them for $879.00 – just let me know.

There’s about 100 videos in total on this blog.

So let’s get started…

This video explains how to use the Meta quotes trading platform that many traders around the world use. It’s a free download, normally downloaded from the Broker’s website that you use.

If you’re already familiar with how to use the meta quotes trading platform, you can skip this video.

I hope this helps, until the next video, take care and happy trading.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Smash and grab all you can!

Hey there

Hope all is well

In one of the previous videos I talked about jumping in on trades as they reach their full build-up of momentum.

Like, for instance, remember when I referred to the moving averages, the further away they are from the candle (current market price), the less you will see from it.

However, the closer the moving averages are to the price action (candles), at the point as they cross, more can be seen from the trade.

Same like wise for the I-macd, a strategy that I refer to as the POWER TRADE.

Closer the signal line and the macd is to the trigger line (virtical scale 0.00), the more powerful the trade will be.

So on that note, let me show you another nice way to pick up some EASY cash.

It has a pretty good win ratio, more than average.

It works like this.

We use the One Hour Time Frame ONLY!

Faster pairs are ok, like the GBP/USD & GBP/JPY, but this strategy is more suited towards slower pairs like EUR/USD, USD/JPY, AUD/USD, USD/CAD, etc.

The goal here is jumping in as the momentum is being built.

The momentum in this regard is depicted by the length of the body of the candle.

When the hourly candle finishes, we then look for a buy or sell opportunity 5 pips away from the close of the previous candle, and target 10-20 pips for our TP.

Best time to use this strategy is during the hours of 1am EST (6am GMT) to 1pm EST (6pm GMT), except fridays as they tend to be a little slow.

Here’s a video to show you what I mean.

I hope this helps and you’re enjoying the info thus far.

If you have any questions you would like me to answer in video form, please by all means submit your questions by replying this this post, or send me an email.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

You know, there’s so much money left on the table if we were to ignore ideas…

Hey there,

How’s things, all good I hope.

It was many years ago when I used to hang around forex forums trying to understand their strategies, mythologies, etc,.

I probably spent a lot of “wasted” time there…

I came up with this idea, about using the same moving averages that the MACD (Moving Average Convergence Divergence) uses…

One guy said after I had explained my idea, was it doesn’t matter just use one or the other…

He obviously hadn’t thought about the reasoning behind my newly found strategy / idea / method of finding those high reward trades.

Here’s my thought process on the idea:

You see, the Macd (Moving Average Divergence Convergence) uses Moving Averages 9,12 and 26…

Now I just use 12 and 26 and apply these to Exponential, Close.

And add another 26, but this time I just change “Exponential” to “Smoothed”.

If you take what the other guy said on the forex forum to use only one or the other because they mimic each other any way; which he was wrong to say so.

You’ll notice that this is NOT the case.

When you locate an area in which the moving averages, either all three, or just the two other “Exponential” 12 & 26 Moving Averages cross at the exact same time as the Macd.

It’s time to make an informed choice whether to open the trade or not…

Now, notice that the Macd I am using is not the original Macd, the one I am using is the I-Macd… It’s a more accurate indicator, and a very powerful one if used
correctly.

Here’s the video again just in case you missed it.

I hope this helps…

If you have any questions about any of the things I have shown you, feel free to reply to this email, or contact me at the forum or send a skype message or phone me.

As usual, thanks again for remaining a continued reader and if you know of any friends that you feel will benefit from these emails, by all means let them know:

http://UltimateGoldenCross.com

Cheers

All the very best and happy safe trading…

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

“I get my best ideas when I’m asleep, or at night”

Hey there,

I hope all is well.

Here’s something that you might be interested about, the story how I came about creating Ultimate Golden Cross.

It wasn’t long after the 9-11 tragedy in 2001, around mid 2002, I was watching TV, CNBC Europe, a very popular Finance / Investment / Stock & Commodities channel, where they give out awesome tips and reviews on new IPO’s, and discusses world wide economic affairs.

I forget the name now, but some Forex / Commodity analyst was drawing some moving averages on the chart. EMA (exponential moving averages) in fact. The settings where 50 & 100.

When the 50 and 100 EMA’s crossed, he’d go Long (buy) or go Short (sell) the commodity, or currency pair.

I tried it out for a month or so, worked well, but not on lower time frames, like 5 min, 15 min, 30 min, 1 hr… but worked reasonably well on 4Hr and very well on Daily and Weekly (which is what most long term traders use any way, daily, weekly), in addition to monthly time frames.

While trying to find a 100% success rate on opening trades and closing out at a profit, i was almost on the verge of giving up, and trying to find something else that would help me read the markets better.

So I left it alone for a bit to relax cos i was getting quite frustrated; hearing people making good trade after good trade and here I was struggling to find a constant method of making money day in day out. So I went to bed.

I wake up half way through the night; you know when you stare at something for too long, like Arcade / Video Games, you tend to see the layout and the characters you played or fought against, retracing every step in the hope that you can beat the game on the next visit, well, it was like that, a bright picture of what I needed to do just hit me, and it woke me up.

Immediately I jumped on the PC, turned on the Trading station, and back tested my theory.

As the months went by, I found various methods to filter out a LOT of the losing trades. But none of this strategy would be possible if I hadn’t kept a level head, remained calm, and waited for the right time to get in.

I have been using this strategy for YEARS now and I have perfected it to a Science, that anyone can learn, and profit from.

HOWEVER, if the person who uses the Ultimate Golden Cross is impatient, who expects things to come their way in leaps and bounds within the first few hours or what have you, is not going to do well. Trust me.

If people treat this as an Investment, knowingly they will receive the support, all the support they need so it works for them every time, then they are the people who are going to reach their financial goals quicker!

Here’s an image of two trades I made, with the final end balance in.

Click image to open in new window:

A cool $250,000 and some change, made in two trades in two days, in a LIVE account.

This is not to boast, but to prove it does work! And if you let me show you how it’s done, hopefully in a couple of years you’ll be at this level too, or close to it.

Here’s a video explaining a little more about the strategy. Please note, there’s been a lot of changes since my strategy was devised, with the initial idea from that guy on the TV. My strategy isn’t as plain cut as enter a trade based on a cross over… there’s a few more variables we need to consider, these will be talked about later and perhaps in a free webinar.

Hope this helps,

As usual, thanks for continuing to read the blog, I hope you’re finding it useful, and if you would like to tell your friends, mention the URL, or give them your affiliate link, and or bookmark, tweet, facebook the urls, using the links below.

Cheers

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

It’s true, there are a lot of the indicators we use on a daily basis, lag. Nevertheless, they still help…

Hey there,

I hope all is well.

As illustrated the other day, I proved that using moving averages do help in a BIG way…

Sure they lag, but they have a special component in there that I like, but it involves having patience to see it work…

Another Moving Average I’m going to show you is the same, but has a different set parameters…

It uses the Period: 200
And it’s set to “Exponential” and applied to “Close”.

If you’re not using the 200 EMA, then you’re missing out on a lot of information…

ALL of the professional traders use this!!!

How many times have you been caught in a trade that was going the wrong way after you opened it and you kept saying to yourself it will come back to your open price?

After some weeks or days even hoping that it will, it does almost go to your open price… you decide to close it for a small loss, then several hours later, guess what…

Yep, you guessed it… it kept going in the direction that you had hoped it to before…

Murphy’s Law, eh?

It’s so frustrating…

But now you don’t need to be frustrated…

Now you will be fully aware and have a much more informed decision whether to fight the trend on a good signal…

Personally speaking, regardless of how good the signal was that said to go against the trend… I’ll ignore it.

This way, I increase my back end result; more pips, more money… higher success rate.

Woohoo

If you do find yourself in the wrong trade… consider this as an option to help get yourself out the mess…

Now presuming you used the correct money management…
And the trade you opened was via the 1 hour time frame…

Move to a lower time frame, but before you do, take note of where the 200 EMA is at the time… this will be an area in which the market will rebound off, it may from
time to time just go above it, but many a time it will resume the previous direction…

Only until all the moving averages line up and start to cross over will you see the start of a trend reversal….

Once the reversal has been fully established, by acting based on a break of wave one, then you should attempt to open a trade in that direction…

Now as you move to a lower time frame, try to scalp your way back to break even…

As you make like 10 pips, and lets presume your negative trade is at -$1000.00

The good trade you made for 10 pips yields $100.00.

Now take that off your negative trade… work out how much your profit goes into the floating loss.

In this case, its $100.00 after we divide our $100 into the $1000 floating loss… this means that we can afford to reduce our 1 lot floating negative trade by 0.1 lot (if broker allows it)… so now we have 0.9 lots riding and a negative floating balance of ($900).

“Cheery Pick” your way to even, a good way is to hedge the trade, but be careful when you do…

I did a video for you to show you what I mean…

Hope it helps

Thanks again for being a continued reader and if you would like to tell your friends feel free to let them know:

http://UltimateGoldenCross.com

All the best and happy trading…

Loz

You may of heard, if you throw a Boomerang it should come back…

Hey there,
Hope this post finds you well, and the previous posts have helped…

You know… I’m not sure about you, but I can’t seem to get the Boomerang to come back… LOL

And I’m Australian by birth too.

What’s this got to do with Forex you might ask?

When I was studying Candle Formations, there was one that I came across called the “Abandoned Baby”…

Kinda like the Boomerang really, “abandoned” somewhere in the Bush…
N.B: I don’t physically mean abandon a baby in the bush, not sure if that’s how it sounded, pls note that’s not what i mean…phew!

Check this video out to see how this nice little earner can help add to your back end…

These do not happen often, but when they do, approx 8 out of 10 of them turn out to be winners!

Just set your appropriate Take Profit (TP’s) and Stop Losses (SL’s) in the right place…

Works on all time frames, but one is best to experiment with 15 minute, 30 minute and 1 hour time frames…

Take note: The higher the time frame you use, the larger the Stop Loss needs to be to allow the trade to breath, if you smoother it, she’ll be closed out prematurely at
a loss.

Your take profit levels on higher time frames do not need to be that high…

Try this table:

15 minute time frame = 20 TP … SL at previous low.
30 minute time frame = 25-30 TP … SL at previous low.
1 hour time frame = 30-60 TP … SL at previous low.

NOTE: if the previous low is too low from the market open price (price at which the trade was purchased)… then move to the next previous low to place your stop loss at.

btw, that’s for buy trades, do the opposite for sells.

Play around with that for a while as they appear…

So far I have showed you about 5 strategies… and there’s heaps more to come…

There’s about 100 strategies that I know, out of the 400+ I have tried and most of these 100 or so I know are good ones, but only a small percentage of them are
even better…

Nonetheless, it’s good to have as many strategies under your belt as you can possibly muster…

Reason is, the more information you can get out of the market, the more of an informed decision you will make, and most of the time, it will be the right decision…

It’s a little like playing Poker to a degree…

The more information you can get out of your opponent, whether that be by testing his or her nerve level when it comes to calling a rather large bet and seeing where their tolerance level is.

So, there you have it

Enjoy the video… if you have any questions feel free to contact me via my forum, email, phone, and or skype.

All the best and thanks once again for continuing to read the blog

Until the next post… happy trading…

P.S
Never trade on emotion… be clear minded before acting…

P.P.S
If you ever get to the point you do not have 100% information about making your choice… contact me (reply to this post), send me a screen shot of your trading station… make some notes and upload it to imageshacks.us

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Using the correct money management, acting at the right time despite how many hours you have waited, or days you have waited, is the answer to your prayers!

There is a silver lining behind the cloud!

Hey there, hope all is well.

In the previous post I talked about how important it is to stick to a laid out plan… after all, if a plan is created, it should be sucked to, right?

Unfortunately many of us do not follow the laid out plans.

Frustrations from their day to day life, like bills, anything financially related gets the better of their good judgment…

Thought for the day:

How do multi-million / billion dollar companies manage to make so much money year in year out?

Answer:

They stick to a plan!

So if you want to do well, listen to what i have to say and ask questions any time you have any…

Don’t bust your brains to work it out yourself…

Out of all of those of my students who have asked questions have made a huge improvement, than those who thought they would work it out themselves, or thought they didn’t want to bother me with so many questions…

listen… im here to help…

what’s in it for me?

well, yes, i may make some money by sharing the tools i use to help you make money…

I may from time to time refer you to other forex services that I think will help you out, free or paid…

I’m extremely fussy when it comes to those who say they can do things with the forex, so if I do share any resources, they’ll be scrutinized to the fullest…

but more importantly, not only do i help you to find an alternative to steady income, it helps improve my trading.

With that said… let’s show you another video…

This video I call the strategy, the “Cash Cloud”

It uses the Ichimoku indicator that’s taken from the “customer indicator” list in your meta trader account.

Its a very simple strategy and should ONLY be used on 1 hour time frames… don’t fight it with lower ones, just listen to what i say, and you’ll do just fine.

You may also wait for the signals to appear on the 4 hour, daily and weekly… but note one thing, anything higher than the 1 hour time frame, you’re going to restrict your money management to 2%…

what i mean by this, your floating losses should NEVER exceed this percentage…

If your money management at 2% equates to $5000 for example and you’re trading at $50 per pip, you can only allocate for 100 pips of losses…

These larger time frames will tend to retrace before continuing the direction in which the signal was given…

You’ll need to allocate at least 400 pips breathing room and leave the trade open for as long as 3-7 business / trading days and set your TP’s to around 150-400 pips or to the next support level, in fact, above the support level to compensate for any close calls for another retracement back the other way…

IDENTIFYING THE SIGNAL:

The signal appears when the Kijun sen and tenkan sen lines cross each other…

When they cross, they must cross above the Kumo (Cloud) or below… the price action (candles) need to be above and or below…

When they cross above and the candles are above the cloud (kumo), its a good signal to go LONG – BUY…

When they cross BELOW and the candles are below the cloud its a good signal to go SHORT – SELL…

Here’s a video example to let you know exactly what I mean.

If you have any questions after watching the video feel free to reply this post or head to my forum here:

Forex Signal Mentor Forum

Or phone me at:

1-336-432-2145 between the hours of 3pm EST – 8pm EST monday to friday… please allow me to have the weekend to myself… thanks

Until the next post … thanks for remaining a continued reader of my blog and dont forget to tell your friends… social bookmark, retweet, facebook.

http://UltimateGoldenCross.com

Wishing you all the very best and happy trading…

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Have you been in a position where you spent a lot of time studying the forex, made perfect trade after perfect trade then the next trade blows your account out of the water?

Hey there, hope you’re well.

If I can be honest, I was in the same boat a long time ago…

I did my best to stay under control, act when I should act on a buy or sell signal. Did well for a couple of months…

Confidence was at a all time high… my thoughts were if I can produce 80%-300% profit on deposit balance each week, why not try increasing the lot size…

The idea sounded well, on paper, but practically?

It wasn’t long before my ego got the better of me and before long, all the hard work I had put in was gone in a space of a hour…

NOT GOOD!

It would not surprise me that many other people run into the same problem…

Trading is not just about the analysis and fundamentals, it’s about controlling yourself.

The best advice I can give you is this, and it will take some work to practice, it doesn’t come easy… one has to keep on reminding themselves not to step over the edge and fall off.

STICK TO A PLAN!!!

There you have it… the secret that most will not share…

Huh? that it you ask?

Ok, little vague…

If you know how to spot a buy or sell signal and when to exit out of a trade once you’ve entered into one…

stick to the same lot size, and only increase the lot size when one is able…

This is what I do… a $1,000 balance can reach $158,500 in 40 trading weeks if 5% of previous balance was used on the next trade…

If you only perfected 60% of winning trades you’ll still come out a head by over 1000% over the course of a year…

NOTE: just because you have 5% available to you to open a trade with does not mean you can use it all.

As your balance increases, the more of this 5% in $dollars will become available to you…

As your balance increases, pay more attention to the $dollar size more rather than the %.

Set 20 pip TP levels, these levels are hit most of the time more than any other TP level I have used…

Give it a try… give yourself about 2-3 months of practice and see how you get on…

Incorporate my strategies that have helped many hundreds of people, over 70% of them not even knowing what forex was.

I only up my lot size from 0.1 to 0.2 lots once i have doubled my balance…

for instance…

Balance Size:

$1000.00 = 0.1 lots ($1 per pip)
$2000.00 = 0.2 lots ($2 per pip)
$4000.00 = 0.3 lots ($3 per pip)
$8000.00 = 0.4 lots ($4 per pip)
$16000.00 = 0.5 lots ($5 per pip)
$32000.00 = 0.6 lots ($6 per pip)
$64000.00 = 0.7 lots ($7 per pip)
$128000.00 = 0.8 lots ($8 per pip)
$256000.00 = 0.9 lots ($9 per pip)
$521000.00 = 1.0 lots ($10.00 per pip)

and so on…

OK, the numbers look big right?

and its VERY possible to do this…

My Custom made indicator is possible to make 1500 pips per month EASY!

If you have no experience with forex or just a little, it may take you about 1-3 months to study, then you’re set to give it a try…

Now take the above chart, at $1 per pip using my indicator, will yield you about $1500, taking your balance to $2500.00 now…

Allowing you to move up the chart to $2 per pip trades… the following month you should make another 1500 pips, minimum taking the $3000 profit and moving your balance to $5500.00 now and moving you to a $3 per pip trade for another month.

$4500 to be made on the 1500 pips, taking your balance to $10,000 in just 4 months and moving you to $4 per pip…

5th month, $6000 to be added to your $10000 giving you a new balance of $16000
Now we can hit the $5 per pip trades…

The following month you should make $7500 taking your new balance to $23500

Next month we can not move to a higher lot size as the chart above says we can only hit the $6 per pip trades when we’ve hit the $32000 balance size…

The following month we’ll be close with $31000, $1000 shy… and this is where your discipline comes in… just because we’re $1000 shy of the next lot size increase does not mean we should try it…

If you want to be successful, you have to quieten your temptations to opt for higher risk…

The following month your balance will hit $38500, this time allowing us to hit the $6 per pip trades….

Following month you should make $9000 more, pushing your balance to $47500

It’ll take you about 18-24 months at this level…

It may seem a lot of time…

But when you compare it with the 9-5 most do for a lousy wage, one would be spending more time at a 9-5 than spending time at home for a couple of hours a day 4-5 days a week, to yield $500000.00 or more 1-2 years down the road…

If your job can pay you those type of wages, then you dont need the forex to supplement your life style…

The choice is yours at the end of the day…

I know what I would rather do…

I took action, retired at the age of 21 years of age, traveled the world 5 times, and spend less than 90 minutes during the entire day looking at the charts…

5 minutes here, 5 minutes there, check my iphone forex app if away from PC while I continue to have fun at all the places I go to on a daily basis… as of late I’m hardly at home…

Always out eating at restaurants, and those who have tried know that this tends to be quite expensive when you add the figures up over a period of a month…

I probably spend as much as $1200-$2500 a month on food alone at the nice restaurants with friends…

The rest of the time I travel around, play poker at all the resorts available to me.

The list goes on…

I could only do this ONLY AFTER I was able to control my emotions and STICK TO A PLAN!!!

Let the plan work for you, dont ever become desperate for funds, or you will make mistakes out of the desperation – trust me!

It’s harder to get back to the level you was at due to being burnt before… so do it right the first time round…

If you have any queries about opening a trade LET ME KNOW and I will help you by giving my input on the trade as to whether or not you should enter the trade or not…

Do you promise?

Do you want to make like $100k or so in your first 12-24 months?

Then stick around, my expertise will rub off on you like it as on many hundreds of my students…

Until the next email, take care, have fun and trade on a clear mind…

Wishing you all the success in the world and thank you for continuing to read this blog…

and don’t forget to tell your friends to join this free forex training newsletter valued at $4997.00

ask them to visit:

http://UltimateGoldenCross.com

Cheers

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

So when is the right time to exit out of a trade?

Hey they,

Hope you’re well.

If it’s one question I get asked a lot, it’s “When is the right time to get out of a trade?”

Good question…

It really depends on what type of trading style you choose to adopt.

Personally, I’m a bit of a mid to long term trader where trades will tend to be open for as long as 4 to 5 days…

Here’s one I did the other week:

click image to open in a new window to see better view.

Some trades I leave open for just 12 hours or so…

That trade above, was comprised of using Ultimate Golden Cross Custom Alert Indicator, Awesome Trader & Power Trader Custom Alert Indicators, which is pulling out a monster of a pay check each time, if patient allows.

Overall, it really depends on the markets at the time…

Note: just because you have a trade open, it doesn’t mean one should close it in 30 minutes or an hour later… Most trades tend to hit their profit targets in about 4-7 hours, depending of course how well one did their analysis, and or what type of news event came out to make it hit your target within the 7 hours or so…

Other people prefer to jump in and jump out within 10 minutes and this is referred to as “Scalping”…

Not a very mature way to trade if you ask me and if you know of anyone that is doing it and claiming to make money… take them with a pinch of salt…

Truth is they lose more money they make due to being burnt out… Scalping will definitely ruin your social life…

Speaking of which, you’re not trading to ruin your social life, you’re trading to make it better, am I right?

More money you can make, the more things you set out to do will become possible than before…

Keep that to mind as you try out the different trading styles open to you…

Scalping is ok for the short term and can help get some money in your pocket over the short term, but long term money making with scalping is not a good idea…

Over the course of the weeks and months ahead, you will hopefully appreciate my CAREFUL approach to the forex markets that tend to have a high reward…

Some trades will yield around 40 pips, others will yield as much as 700 pips…

Ok…

When to close that trade once it’s open?

First it will depend when exactly you opened the trade, like was it at the beginning of the trend, half way through, almost to the end?

These are factors that you need to work out and try to get in on a trade at the beginning, as it doesn’t take much working out, more money can be made…

First I tend to look at the higher time frames, like 30 min, 1 hour, 4 hour, and daily…

Anything lower than that tends to be on the borderline scalping…

For the bigger pip gains, you need to be on at least 1 hour time frames…

The strategies I use, use this time frame 90% of the time, the rest of the time higher time frames, such as the 4 hour and Daily time frames…

Trading on the Hourly time frame, one has to be real patient… but you will be rewarded if you did your work correctly.

A strategy that I use every trading day, except Friday’s as I don’t trade these days as they tend to be real quiet; yield around 100 pips per trade…

Note: Trade opportunities come by like every 6-12 hours, which is perfect for my trading style; my social life is in need of rebuilding after neglecting it for 11 years, its time to start enjoying myself without spending all those many hours and hours waiting for a signal…

Waiting for these type of signals to arise every 6-12 hours or so, is perfect for anyone… however one problem that many of us face is not having the time to be at the PC all that time, or was doing something else on the PC and missed the signal you’ve been waiting for, for like the past 1-2 days…

I hate those times… so I did something about it…

A good friend of mine and excellent programmer whipped up this Custom Made Alert Indicator, a strategy that I have been using for a very long time, so long 4 years ago it’s helped pay off a 800,000 British pound, house.

The price tag… $147.00

It also comes with a weekly Webinar showing you how I use it…

Over 60 units have been sold, before Ultimate Golden Cross website was developed…

The webinar’s are worth at least $497.00 per hour.

I know $147 is a lot of money, however I assure you it will more than pay for itself within a week. And you’ll only get better the more you use it.

This indicator will give me the signals that I am looking for which takes an extra piece of analysis, and its real easy to spot too…

Understand the basics of this strategy and you’ll soon come to appreciate the accuracy of doing this manually.

Plus this thing will even send you emails, so if you have gmail hooked up to your iphone, you can now have emails sent to you via the meta trader platform… we had to do some tweaking with the email delivery since there wasn’t a way to send emails via a SSL port, and works like a treat.

We also plan to create an Iphone app, the very first to have indicators on the charts… so be on the look out for that too.

So once you’ve identified the correct trade to go in on, your next step is to check the 4 hour time frame and start plotting some support and resistance levels down…

then switch to the 1 hour time frame and do the same again…

If a signal appears at the support level and its a buy signal, aim your take profit levels just under the next immediate resistance….

Generally 50 pips is a level in which is hit a lot, not all the time, but a lot none the same, so you still need to keep an eye out for this…

Any ways, watch this video below to get a better understanding of what I mean in this post…

Until the next video, have fun, and once again, thanks for continuing to read the blog, retweet, bookmark, etc…

If you have any questions, feel free to drop me a line, or call me: 336-432-2145

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Hey there,

Hope you’re well.

Let’s take a recap of what we have accomplished thus far…

First… we took a look at the candle formations, commonly known as “Japanese Candles”… and how we can identify the market sentiment to supply us with the overall feeling of the currency pair as to which direction it will proceed towards; up or down.

Second… we also took a look at the Heiken Ashi Candle formations… we know now that the traditional Japanese Candles only show current movement and the market sentiment per candle or group of candles.

As much as an ideal solution, to many will become confused or make a mistake, overtime and misjudge the analysis.

I refer this to as “Candle Blindness“.

With such candle formations, we have to take them with a pinch of salt; for example:

We need to be aware of the overall situation of the trend and if it’s been overbought or oversold to create the divergence or convergences that arise from time to time
to give us the entries we’ve been so patient for.

PAUSE: Here’s a video to show you what I mean, it’s about 10 minutes long…

CONTINUED…

If we ignore this notion that Candle Formations are not 100% perfect, your trades will not be perfect either.

I try to teach my students the art of patience, or in other words, wait for your pay check…

Consider each trade as a pay check, but one that is guaranteed… not a trade where one clocks in at 9am and clocks out at 5pm…

What I mean by this is, 9-5 is not something that one would apply all their hard energy on…

Example…

If your Boss asked you to work during a 9-5 and do any trade you “felt” was a right trade to enter in on, and your commission was to be $100, regardless of how
much you made your Boss…

Would you prefer that type of pay?

Just so you know, if you’re not already aware, $100 per day, for 5 days a week is a LOT of money for many people who reside in the USA…

For some I can predict that this would be also considered as “guaranteed” income, it’s written in stone… your Boss has just signed you a Check, that’s waiting for you as you clock out on Friday, for $100 a day…

NICE…

HOWEVER, what if you were to be put into a position where you were asked to check your PC every chance you get… live your normal day life, do the things you wanted to do, but you had to at least devote 2 hours a day to making your Boss’s company money…

And they’ll pay you 30% of what you make…

(that’s kinda what we’re doing)

OK, so now I would be thinking, two hours a day, minimum.

And the Boss says “I’ll pay you 30% per positive trade and nothing on any losses… your total per trade will fluctuate based on your performance… We’ll start you out at 30%, should you have more than 2 losses in any consecutive week, your commission will drop by 7.5%…”

What would you choose?

$500 per week, or $5,000 per week with possibility of variable income?

Your answer should be to take on the chance to earn based on what you make, and not $100 a day regardless, as appealing as it sounds…

Take my word for it… making $500 a week is nothing to write home about…

Making $1,000.00 a day, well, that’s another matter entirely, wouldn’t you agree.

This is where one tunes in on their patience to wait for that guaranteed income that would pay more than $500 a week.

Before we can reach this tidy sum of $1,000 a day, we need to understand that some days you may not even have a trade opportunity to go after… some days you will, and on that note, some days will return you $1,000 or more…

Some trading weeks will net you $5,000 even up to $20,000.00 per week.

Imagine getting 30% of that each week…

$1,500 to $6,000 per week sure does sound a lot better than $500 per week wouldn’t you agree?

So, baby steps first…

Study the candle formations…

Then study the Heiken Ashi Custom Indicator…

In case you’re not familiar with Candle formations here’s a video I’ve done for you that took a while to put together…

This information is also freely available online to study from… I hope the video helps aid the learning process faster in the hopes you’ll get started as soon as you are able.

click below to view the video…

Candle formations: Hammers, bearish engulfing patterns, rising stars, Video

Once again, thank you for continuing to read the blog and I trust these videos thus far are helping…

IF you’re already familiar with forex, some of these videos may be a little boring…

However, if you continue to remain a reader / subscriber, more advance techniques will be shown…

I hope this is ok, I would prefer to take everyone up at one page at a time until we are all on the same page…

Wishing you all the very best,

And happy, profitable trading

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Why fight the chance to make money?

Hey they

I hope this post finds you well.

I trust so far the recent posts and videos have helped…

Every day I see people shouting out their trades on forums, and I’m just thinking to myself…

“Why are you fighting the trend?”

It’s nice to catch those pullbacks / retracements after a large move one way or the other…

But you have to be careful when approaching a trade opportunity if the said direction is going in the opposite direction to the main trend…

Over the years, I found that although good trades can come from catching retracements, its not the ideal way to trade…

Ideally one should only take sell signals when the trend is a downward trend, and vice versa if a buy signal comes in via an uptrend.

I know, this all sounds very logical however, its rare people listen to themselves – I’m guilty of that also…

This is why I like teaching people how to trade, it sharpens up my game too.

Trading isn’t just about finding that right signal to jump in on, its also about remaining 110% disciplined… And that comes with practice…

Hopefully, when we get to the time of showing you some really awesome strategies, you’ll have no choice but to listen to yourself when you see these type of trade set ups that I will share with you over the weeks and months ahead… 12 months in fact!!!

Though in the mean time, here’s a fairly good method to work out which way the trend is going, plus some great indicators to analyze when then trend is over and the new reversal trend has been established.

I trust you will find this helpful and if you have any questions, feel free to let me know by posting below…

And as usual, thank you for nice comments, social bookmarking, retweeting posts, etc, most appreciated.

If you know of anyone who you feel could benefit from this forex newsletter / mini training course let them know of this link:
http://UltimateGoldenCross.com

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Understanding Market sentiment is probably one of the hardest things to do…

Hey there, I trust you’re doing well

Market sentiment… Hmmm…

Personally I’m a technical analyst, and love it!

Fundamental analysis, I’m not too shabby at, but I do understand enough to be dangerous and when the News Data comes out is just full of fluff or not…

In short… the trading charts do not lie!

Now just a word to the wise… don’t follow the News Data Releases to the full extent, take them with a pinch of salt…

I can not tell you how many times when $USD did bad and the currency still increased in value..

One word…

MANIPULATION

These are your typical margin caller hunters, looking for those who have over stressed their account not using the proper money management, etc…

Ok, don’t get me wrong, just because a currency does bad, and continues to strengthen is not necessarily a bunch of guys trying to ruin your day…

But it’s pretty much close to it by way of feeling at least…

As I say, I’m no fundamental analyst.

However, here’s a few tips I can help you with…

Watch the video I made for you about some of the things I look out for when a news data release is about to come out to see if I can get in the front end of the momentum of its move to capture as much as of it as possible.

If you have any questions, feel free to let me know by replying to this post, below.

And once again, thank you for continuing to read, retweet, social bookmark the posts.

I hope these posts and videos help and once again, hollar (shout) if you need any help.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Ultimate Golden Cross Giveaway

We’re giving away 20 copies to 20 lucky people of the Ultimate Golden Cross,  Real World Value: $997.00, discounted Pre-launch Value: $147.00

Here’s how to claim your prize. Winner will be announced end of July, by 5pm EST.

1) reply back to this post why you want to have UGC, how you feel it can help you, etc. More detailed you can be, the more likely you’ll be chosen.

2) Create a review website, explaining how UGC works, how it can help others, what’s included (like the free course here). Those with the best review websites will win a prize.
N.B: try aiming for keyword like: Free forex Course, Ultimate Golden Cross Review, MT4 custom Alert Indicator, Forex Signals, MT4 custom indicator,

So who wants one?

I look forward to the submissions,

Best of luck,

All the best

Loz

Hey there,

Hope all is well.

Candle formations are forgotten by a lot of people. It’s crazy, in fact absolutely stupid not to take these into consideration.

No offense, I’m stupid for not realizing how powerful this tiny piece of analysis can help so much… I wish I had studied it earlier…

So, if studying candle patterns is boring… let me introduce you to an awesome alternative…

Heiken Ashi Candle formations

huh?… what?… pardon?…

Previously we talked about the traditional candles; Japanese Candles…

Heiken Ashi, puts some more thought into the analysis…

Rather than the indicator giving you a series of patterns to muster, it just consists of two colored candles, with smoothing properties applied to it by default…

These smoothing abilities allow it to give you accurate information on the downtrend is a true downtrend… and vice versa

For instance… when have you been in a trade, made like 80 pips, and wondered whether or not to stay in the trade, or exit it because the candles changed color
or another indicator suggested that you should exit your trade…

Then when exiting, you found that the trade position you had open continued to keep going in the direction you already initially had open.

Frustrating right?

You bet!!!

OK, your frustrations over…

Apply this puppy to your charts, and use some other indicators to strengthen your exit and entry points…

Here’s a video to show you what I mean. BTW, below that is another video I put up on YouTube a while back.

Source: Youtube – Heiken Ashi Candle Strategy

Heiken Ashi Candle Strategy
I hope this helps…

Keep a look out for another post in the next day or so…

And as usual, thanks once more for reading the site…

And more importantly, if you have any questions, videos you would like me to do, please don’t hesitate to contact me via email and I’ll see what I can do to help you…

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Hey there

I hope you’re keeping well.

The previous two posts were merely intro posts… so let’s get right down to it.

If you’re already familiar with the forex then I trust most of what I will show you in the  weeks and months ahead you may already know, or mastered or even to brush up on.

So please forgive me if some of the info contained in this newsletter come off a little boring.

CANDLE FORMATIONS
=================

As you may remember, I had absolutely no clue what these candles mean.

So I took it upon myself to understand what the real story was behind these, minus the history… (never was a fan of history). lol

But if you are interested in some of the history, basically the Japanese used Candles way back in the 1600′s (17th century) to analyze rice prices.
The Rising Star formation is just one of MANY, each having their own reliability of accuracy.

After taking a close look and studying these formations for about 3 months, I was pretty much blown away.

I was thinking like I had found the holy grail of all trading. Never was I to lose another trade.

Well, that thought was short lived. Though after some more split testing; when to act and  not to act based on these candle formations would set the path to more securer trade open positions, and hopefully more profits.

Check out this video I made for you, these show some of the easiest ones to learn, and act on… and most importantly the time frame one should really read these entries and exit signals from.

There’s about 20 minutes of content here so be sure to grab a coffee before watching…
Yup, remember, I said this could be boring so having a cuppa coffee could be what the  doctor ordered…lol

Bearish Engulfing Pattern
==================

Hammer Formations:
===============

Two Bar Reversal Trade Set up: trading strategy.
=====================================

Here’s a strategy for you… simply look for two candles of the same color, and wait for the 3rd candle to change color and pass either the open price of the previous candle (2nd candle of same color), or the low, then enter in the direction of the 3rd candle.

Watch the video below for more information.

Hope this helps, until the next video,

Take care, and thanks for reading, if you have any questions feel free to post them below, and or retweet the message so more can learn.

BTW, if you feel this newsletter is worth sharing, please by all means share this subscription link to your friends…

http://UltimateGoldenCross.com

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Are you burning the candles from both ends and finding you’re winning, losing, but never coming out ahead?

I think we would all be lieing to ourselves if we didn’t admit this.

I find that a lot of people, especially on forums boasting how they make this or that each day or per week, bash people if they don’t perform as well, or say the wrong technical  saying, or whatever…

Then a few days later, they lose the lot.

Basically, they don’t know what they are doing.

Then newbies get a drift of that info and they repeat the same mistakes.
Granted, they’ll do well for a little while, but since the analysis was so bad, they’re mainly playing with luck…

Many people give up because, well, at least I think is because they ran out of patience to keep working on ones self.

What I mean is learning to understand how to control your mind. It’s harder than what most think.

If you can bear the frustrations of trying to work out your instincts, you’ll stand a good chance identifying market sentiment.

One ultimate tip I can give you in this regard is… DON’T BE GREEDY!

This is one of the many things I never took into account, I knew absolutely nothing about what these candles mean, what they really were saying.

I just figured they were all a bunch of white and black rectangles that just showed which direction it was going in at the time.

And hoped for the best when I opened a trade.

Some I’d win, many I’d lose. Finding myself back on the Demo trading platform to work out what I was doing wrong.

Then back for another try in a Live Account.

I’ve probably repeated and spun this many times over to a point I’m going around in circles getting dizzy, whilst emptying my pockets to learn a new Industry where so much money  can be made from anywhere in the world.

It’s been a costly adventure, one I will never forget, and one I have everything I owe to, to get me where I am today.

I’ve probably lost something in the tune of $3,000,000.00 during the first 4-5 years of  trying to master the forex.

Losing those kind of sums, takes a strong stomach… however, making bigger sums to the tune of over $100,000,000.00 over the course of the next 7 years until present, working  for over 40 clients at time of writing for a small commission on balances of $1 million and above on 50:1 to 100:1 leverage is sure nice.

One thing that set the path to success, is understanding the market sentiment.

If one ignores this, you’ll have some luck from time to time, but its not going to help if you  choose not to understand what the market is saying to you.

It’s pretty simple and over the coming days I will show you a video that explains how to   understand the market sentiment to give us an idea of where it could possibly head  towards.

They will be multi-part videos, released over a period of days before we move on to other  areas in the forex market and use what we have learned in new approaches to technical analysis.

Until then,
Thanks for reading and I hope the content coming along your way in a few days or so helps you.

Let me know your thoughts, any questions, videos you would like me to make and I’ll get straight on to them.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

Some say it’s hard trading the forex, some say it’s easy.

What do you think?

What are your main struggles trading the forex?

Let me know your thoughts by letting me know here, by replying to the blog post, thx.

As the weeks and months go by, I’ll be providing you with unique, free, unhashed content, including videos.

Some of the stuff I’m going to show you will illustrate MANY different strategies you can try.

I’m not sure how many I will show you, but there will be a LOT of them. All you have to do is study them all and chose the one that you like best.

And from time to time I’ll issue out some forex trading signals – long term, low risk with high reward.

In the 12 years I have been trading foreign currency exchange markets, I’ve heard many different views, opinions on what’s best and what’s not.

Some prefer short term, scalping trades.

I prefer long term, holding on to trades for as long as a week.

Short term trading is ok, holding on to a trade for an hour or so, but this will burn you out over time. It’s burnt me out several times during my course of trading. Spending far too much time hunting out small pip gains, trade after trade, as many as 40 trades or so a day.

Just far too stressful for my liking…

I found that spending less time, as much as 1-2 hours a day looking for signals that will produce what 40 trades would yield in just a few trades.

Leaving me with plenty of time to do other stuff. And more importantly, keeping my social life in tact.

Any ways, every 2-3 days, keep a look out for my posts.

And of course, you can always contact me if you have any questions about anything including any video illustrations you would like me to make for you.

Until then, thanks for reading, I hope this forex training blog will help you make better informed trading decisions.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/