Tracking the forex market together Part I Jul 24, :00-10:45 GMT

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Sandra Benson
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1 Tracking the forex market together Part I Jul 24, :00-10:45 GMT Simple market tracking techniques Click the above link to open the live market quote page You can use live market quote page as the simple tool to track the market The high and low shown against each pair are important Read the operators intentions before taking positions during their market moves 1

2 Forex market sessions (during day light saving timing) Japanese session - 00:30-07:00 GMT Gap time - 07:00-07:30 GMT European session - 07:30-13:00 GMT Gap time - 13:00-13:30 GMT US session - 13:30-20:30 GMT Gap time - 20:30 00:30 GMT Gap time moves are false moves opposite of next session move 2

3 Basic trading strategy Watch the forex market in all the 6 pairs (4 majors & 2 commodity pairs) 30 min from start of the session Take sell position if a pair is near high and not cut the high during 30 min watching or Take buy position if a pair is near low and not cut the low during 30 min watch Keep 30 pips stop or hedging order (entry stop) to limit the risk.once the position makes more than pips profit keep stop at entry and remove the hedging order to reduce the risk to Nil. Keep pips limit and trail the stop to maximize the profit 3

4 Expected moves in this session and remaining day - forecast In this session EURO/USD,GBP/USD are expected swing and slide and firm up again Let us review this call during US session start during 2 nd part of tracking the market together webinar 4

5 Live trading decision during European session and review during US session EURO/USD sell limit order buy limit order Each ES 30 pips not filled GBP/USD sell limit order ES 30 pips not filled USD/CHF buy limit order ES 30 pips not filled USD/YEN buy limit order ES 30 pips not filled AUD/USD sell limit order ES 30 pips not filled USD/CAD buy limit order ES 30 pips not filled Crosses GBP/YEN sell limit order 215 ES 50 pips not filled EURO/YEN sell position 169 ES 50 pips closed EURO/GBP sell limit order ES 30 pips not filled 5

6 Live market trading decision review by 14:00 GMT We will meet again today at 14:00 GMT and review our calls and also the trades Since it will be 30 min after the start of US session we will deside on basic swing trade. Use demo trading platform to understand the concept well You can choose any pair of the 4 majors and 2 commodities Crosses need more focus to trade..they are not tradable all the time we will review crosses also - see you again by 14:00 GMT 6

7 Tracking the forex market together part II Jul 24, :00 14:45 GMT Our live trading decisions during 10:00-10:45 GMT review now What positions we decided and what happened to our trades? What happened to the highs and lows in each pair we watched? Now we are watching 14:00 GMT 30 min after start of US session. 7

8 Forex market sessions (during day light saving timing) Japanese session - 00:30-07:00 GMT Gap time - 07:00-07:30 GMT European session - 07:30-13:00 GMT Gap time - 13:00-13:30 GMT US session - 13:30-20:30 GMT Gap time - 20:30 00:30 GMT Gap time moves are false moves opposite of next session move 8

9 Basic trading strategy Watch the forex market in all the 6 pairs (4 majors & 2 commodity pairs) 30 min from start of the session Take sell position if a pair is near high and not cut the high during 30 min watching or Take buy position if a pair is near low and not cut the low during 30 min watch Keep 30 pips stop or hedging order (entry stop) to limit the risk.once the position makes more than pips profit keep stop at entry and remove the hedging order to reduce the risk to Nil. Keep pips limit and trail the stop to maximize the profit 9

10 Expected moves in this session and remaining days in this week -forecast In this session EURO/USD,GBP/USD are expected to make slide and firm up moves 10

11 Our US session positions EURO/USD sell position ES 30 pips GBP/USD sell limit ES 30 pips USD/CHF buy position ES 30 pips USD/YEN buy position ES 30 pips AUD/USD sell limit order ES 30 pips USD/CAD buy position ES 30 pips Crosses EURO/GBP sell limit order ES 50 pips EURO/YEN sell position ES 50 pips GBP/YEN - buy position ES 50 pips 11

12 My sincere thanks to Fxstreet for the opportunity and you for the patient listening The Webinar presentation can be viewed in under the link Fxstreet.com event and Webinar presentation? Any questions please My contact Dr.S.Sivaraman MSN chat 12

13 We will meet again during next Webinar on 14 &21 Aug, 2008 double webinar 10 &13 GMT Tracking the Forex market together- live trading advise and review of the trades during 2 sessions on the same day to understand basic trading Take Professional Trader Training from us to make perfect earning trading. - see you again 13

This strategy is suitable for all currency pairs listed on the broker s platform, especially the seven major currency pairs of:

This strategy is suitable for all currency pairs listed on the broker s platform, especially the seven major currency pairs of: STRATEGY 6: BALK THE TALK Fear is a greater driving force than pleasure. Humans tend to react more drastically in times of fear, or when they are presented with bad news. Fear is also the emotion that