XAU – Emas dan perak menguat tajam di sesi ke-dua, terbawa oleh kekhawatiran inflasi. Kecemasan mencuat karena rally pada harga biji-bijian dan minyak. Sentimen tambahan datang dari downgrade S&P terhadap kredit Yunani, mendorong pembelian safehaven. Perak mencatat koreksi terbesar pekan lalu sejak harga anjlok ke 1980. Perkiraan harga hari ini Emas cenderung untuk mencari support di level USD $ 1508,46 dan resistance pada level USD $ 1521,36
Hari ini Rabu, 11- 05 – 2011 Harga Emas dibuka pada posisi Level 1515.90
Resistance 3: 1534.26
Resistance 2: 1526.93
Resistance 1: 1521.36
Pivot Point: 1514.03
Support 1: 1508.46
Support 2: 1501.13
Support 3: 1495.56
Showing posts with label Strategy. Show all posts
Showing posts with label Strategy. Show all posts
Sunday, May 15, 2011
Tuesday, May 3, 2011
Gold can still achieve the level of USD $ 1,600 this year
XAU – Emas masih diperdagangkan dekat rekor dan bisa lanjutkan reli akibat terkaparnya dollar AS dan meningkatnya tekanan inflasi global. Jika dollar terus melemah, maka daya tarik emas akan terus bertambah sebagai aset safe-haven. Emas masih dapat capai level USD $1.600 tahun ini. Perkiraan harga hari ini cenderung untuk mencari support di level USD $ 1549,06 dan resistance pada level USD $ 1573,86
Hari ini Senin, 2- 05 – 2011 Harga Emas dibuka pada posisi Level 1563.80
Resistance 3: 1598.66
Resistance 2: 1584.03
Resistance 1: 1573.86
Pivot Point: 1559.23
Support 1: 1549.06
Support 2: 1534.43
Support 3: 1524.26
Hari ini Senin, 2- 05 – 2011 Harga Emas dibuka pada posisi Level 1563.80
Resistance 3: 1598.66
Resistance 2: 1584.03
Resistance 1: 1573.86
Pivot Point: 1559.23
Support 1: 1549.06
Support 2: 1534.43
Support 3: 1524.26
Saturday, April 9, 2011
Tips n Strategies for Forex Trading
1. Avoid the "Get Rich Quick" Mentality.
Forex newbies are often mislead by the idea that Forex trading is an easy way to make a lot of money in a little bit of time. Often, they do not recognize the potential for loss, nor do they understand the efforts of an experienced trader. Trading at larger volumes may often prove unsuccessful in terms of gaining more profit and should be approached with skill and strategy.
2. Develop a Strategy Before Trading.
When entering any market, traders often develop strategies to guide them in the opening and closing of positions. Establishing a concrete and developmental strategy before trading allows traders to maintain focus. Determining a strategy ahead of time helps traders to concentrate on their trading method and eliminate doubt. Traders should realize that the market does not always complement individual orders.
3. Set a Stop Loss or Found The Solution.
Many new traders hold on to losing positions far too long thinking, or hoping, in some cases that the market will turn around. They also tend to get out of winning positions far too quickly to lock in an immediate profit which eliminates the chance for greater gains. Although it is tempting to have this mind frame, you must have the patience to enter only those trades which you think are opportunistic and follow this up with the discipline to either cut this trade quickly if it turns against you or run with it because you believe in the trade. Please be advised that the placing of certain orders (e.g., "stop-loss" orders, where permitted under local law, or "stop-limit" orders), which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders.
4. Do Not Trade Based on Emotion.
It is important to remain rational when trading. Letting emotions take control of trading can result in a loss of concentration and careless decision making, which may prove to be unprofitable. Keep in mind that the market is not against you personally. Remember what you have learned, stick to your strategy and evaluate each situation with a confident state of mind.
5. Never Invest Money Into a Real Forex Account Until You Practice On a Forex Demo Account.
Disciplined traders who stick with a tested trading plan consistently will, more often than not, profit over those who trade inconsistently because constant second-guessing ruins the profitability and eliminates the benefits of having a trading plan in the first place. It is crucial that you plan your trades and trade your plan rather than randomly picking out trades on a whim because the latter is no more than punting with only the hope of winning as opposed to having an edge in the markets through the use of a solid, consistent trading system. It's important to maintain consistency with your trading system and follow it up with good analysis of your own processes in order to have a better gauge of where you are going wrong.
6. Choose The Time Frame That is Right for You.
Choose a frame which you are comfortable with and have enough time to analyze the market and open/close orders. Some people cannot wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 15-30 minutes can prove to be difficult.
7. Always Take a Look at The Time Frame Bigger Than the One You’ve Chosen to Trade In.
It gives the bigger picture of market price movement and so helps to clearly define the trend. For example, when trading in a 15 minute time frame, take a look at a 1 hour chart; trading hourly would require a picture of daily, weekly price movements.
8. Never Risk More Than 2-3% of The Total Trading Account.
One important difference between successful and unsuccessful traders is that the first is able to survive under unfavorable conditions in the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in a row. Don’t try to revenge after losing the trade. Don’t be greedy by adding lots of positions when winning. Overreaction blocks clear thinking and as a result, will cost you money. Over trading can shake your money management and dramatically increase trading risks.
9. Try Using an Expert Advisor on a Demo Account.
Make sure you back test the EA on a demo platform before going live with any Advisor.
10. Good Luck !!!
The Component of a Complete System
A Complete Trading System covers each of the decisions required for successful trading:
• Market – What to Buy or Sell
• Position Sizing – How much to Buy or Sell
• Entries – When to Buy or Sell
• Stops – When to get out of a losing position
• Exits – When to get out of a winning position
• Tactics – How to Buy or Sell
Market – What to Buy or Sell
The first decision is what to buy and sell, or essentially, what market to trade. If you trade too few markets you greatly reduce your chances of getting aboard a trend. At the same time, you don’t want to trade markets that have too low a trading volume, or that don’t trend well.
Position Sizing – How much to Buy or Sell
The decision about how much to buy or sell is absolutely fundamental, and yet is often glossed over handled improperly by most traders.
How much to buy or sell affects both diversification and money management. Diversification is an attempt to spread risk across many instruments, and to increase the opportunity for profit by increasing the opportunities for catching successful trades. Proper diversification requires making similar, if not identical bets on many different instruments. Money management is really about controlling risk by not betting so much than you run out of money before the good trends come.
How much to buy or sell is the single most important aspect of trading. Most beginning traders risk far too much on each trade, and greatly increase their chances of going bust, even if they have an otherwise valid trading style.
Entries – When to Buy or Sell
The decision of when to buy or sell is often called the entry decision. Automated systems generate entry signals which define the exact price and market conditions to enter the market, whether by buying or selling.
Stops – When to get out of a losing position
Traders who do not cut their losses will not be successful in the long term. The most important thing about your losses is to predefine the point where you will get out before you enter a position.
Exits – When to get out of a winning position
Many “Trading Systems” that are sold as complete trading system do not specifically address the exit of winning positions. Yet the question of when to get out of a winning position is crucial to the profitability of the system. Any trading system that does not address the exit of winning position is not a Complete Trading System.
Tactics – How to Buy or Sell
Once s signal has been generated, tactical considerations regarding the mechanics of execution become important. This is especially true for large account, where the entry and exit of positions can result in significant adverse price movement, or market impact.
• Market – What to Buy or Sell
• Position Sizing – How much to Buy or Sell
• Entries – When to Buy or Sell
• Stops – When to get out of a losing position
• Exits – When to get out of a winning position
• Tactics – How to Buy or Sell
Market – What to Buy or Sell
The first decision is what to buy and sell, or essentially, what market to trade. If you trade too few markets you greatly reduce your chances of getting aboard a trend. At the same time, you don’t want to trade markets that have too low a trading volume, or that don’t trend well.
Position Sizing – How much to Buy or Sell
The decision about how much to buy or sell is absolutely fundamental, and yet is often glossed over handled improperly by most traders.
How much to buy or sell affects both diversification and money management. Diversification is an attempt to spread risk across many instruments, and to increase the opportunity for profit by increasing the opportunities for catching successful trades. Proper diversification requires making similar, if not identical bets on many different instruments. Money management is really about controlling risk by not betting so much than you run out of money before the good trends come.
How much to buy or sell is the single most important aspect of trading. Most beginning traders risk far too much on each trade, and greatly increase their chances of going bust, even if they have an otherwise valid trading style.
Entries – When to Buy or Sell
The decision of when to buy or sell is often called the entry decision. Automated systems generate entry signals which define the exact price and market conditions to enter the market, whether by buying or selling.
Stops – When to get out of a losing position
Traders who do not cut their losses will not be successful in the long term. The most important thing about your losses is to predefine the point where you will get out before you enter a position.
Exits – When to get out of a winning position
Many “Trading Systems” that are sold as complete trading system do not specifically address the exit of winning positions. Yet the question of when to get out of a winning position is crucial to the profitability of the system. Any trading system that does not address the exit of winning position is not a Complete Trading System.
Tactics – How to Buy or Sell
Once s signal has been generated, tactical considerations regarding the mechanics of execution become important. This is especially true for large account, where the entry and exit of positions can result in significant adverse price movement, or market impact.
The 22 Rules of Trading
Master Trader Dennis Gartman's 22 Rules of Trading, many of which you can apply to all sorts of life situations, as well as the markets, he publishes his "Rules of Trading," adding to them as wisdom increases. Here is “The 22 Rules of Trading” list:
1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technical’s. When we do, then, and only then, can us or should we, trade.
11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.
13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.
14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.
15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.
16. Bear markets are more violent than are bull markets and so also are their retracements.
17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.
19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.
20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.
21. There is never one cockroach! This is the "winning" new rule submitted by our friend, Tom Powell.
22. All rules are meant to be broken: The trick knows when... and how infrequently this rule may be invoked!
1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technical’s. When we do, then, and only then, can us or should we, trade.
11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.
13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.
14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.
15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.
16. Bear markets are more violent than are bull markets and so also are their retracements.
17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.
19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.
20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.
21. There is never one cockroach! This is the "winning" new rule submitted by our friend, Tom Powell.
22. All rules are meant to be broken: The trick knows when... and how infrequently this rule may be invoked!
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