Forex Strategy Without Indicators

What happens if trading without indicators?

Indicator is a tool to map the market conditions and the direction of the next market so that traders who use it can take a decision to carry out a transaction or wait.

There are three possibilities for a person trading without indicators.

First, he is a fundamentalist so he trades without using technical indicators, but predicted by analyzing the fundamental news.

Second, he is a blind trader. namely trading uses mathematical and statistical logic that does not require technical analysis to look for entry point.

Third, He is the trading teknikalis just by reading charts to predict market direction next.

Of the three possibilities above you may be one of them. But if not, and you want to be one of them, it is advisable to become the number 3 are trader teknikalis that only analyze the charts to determine entry pointnya.

How to predict just by reading the chart without other indicators?

Teknikalis believe that the market movement is repeated. So as to be able to see your next move should see movement in the past which is almost equal to the current conditions.

So, to do that you can try to pay attention to market movements in a small time frame, for example 15 minutes for at least 3 months without you trade.

Roughly try within three months you only so observers market movements. Thus you have the memory and rote market movements that could be used to predict the direction of the next market.

If it is used and can feel the flow of market movements, you can apply it in day-day trading. You can choose the entry pointnya just by reading the chart. That strategy forex without indicators easiest thing to do.

What if the predicted results without this indicator is not right ...? you have to remember that losses can be minimized or even eliminated with money management.

 

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Pyramid Forex Trading Strategy

 

 

Pyramid Forex Trading Strategy

Pyramiding Forex Strategy

Pyramiding in forex trading strategies aim to double the profit. the way it works is similar to the Anti-Martingale strategy, which add to the position when the previous position was profit with reason and hope that the market will continue to move in accordance with our predictions.

The advantage of using this pyramiding strategy is that in a period consisting of several transactions could generate more profit. Maybe in real life is called "Aji Mumpung". Because it is so favorable conditions, we do the transaction as much as his chance only comes one time.

The disadvantage is only when the market reverse direction or reversal, last opened position into a loss, thus reducing the total profit earned.

Differences between pyramiding strategy with anti-martingale strategy is simply a matter of capital used .At the capital pyramiding strategy used for each transaction equal .Sehingga magnitude of risk due to the opening of a new position at the risk of his previous position.

Example of use pyramiding strategies:

Currently the GBP / USD is worth 1.5500. I predict prices will rise, therefore I open a Buy position at the level of 1.5500 at 1 lot.
After 1 hour turned out to be market moving up to the level of 1.5525. Instead I closed position, I analyze the results .And I predict that there will be a long bullish trend.

Therefore, because current profit Seang and conditions are good, then I should not be menyi-nyikan this opportunity to open a new Buy position at the level of 1.5525 at 0.1 lot, then up again after I open a new buy position again at the 1.5550 level. Thus at this point I have 3 pieces Buy position.

After a while, now the price is at the level of 1.5600, meaning that all three of my long position profit .Then I mnutup third position because I predict prices will reverse direction.

From the above transaction profit I get is:

The first long position profit of 100 points or $ 100
The second long position profit by 75 points or $ 75
And the third position profit by 50 points or $ 50

So the total profit is $ 225.

Just imagine seeandainya I did pyramiding strategy, maybe I just profit of $ 100 only.

There are two key to success that must be considered in using these pyramiding strategy, namely:

1. Before doing pyramiding you must ensure that the next few moments will occur long trend
2. Immediately close the position when predicting prices will reverse direction.

 

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Forex Martingale Strategy

 

Forex Martingale Strategy

Martingale is a management theory of probability that allows future value of something specific in common with the previous period by using the principle of multiplication.

In forex trading, Martingale strategy is a strategy to make a profit while closing total losses of previous transactions through the doubling of capital.

Therefore, when using the martingale strategy on future risk is always increased with increasing losses. This rule is the martingale strategy when you perform a transaction so (n) lot and the result is a loss, then the next transaction using a lot two times that number (2n) .So next anyway. So that when the last transaction profit, then the advantage was able to cover all the losses of the previous transactions.

Examples:

One day you are planning a five-time transactions EUR / USD, stoplloss and target profit of 50 points, as well as the initial capital = $ 50,000.
Using multiple lots martingale strategy.
after the transaction, but the result 4 consecutive defeats and only 1 win in the transaction to five.

Like this:

The first transaction: 1 lot transaction loss x 50 points = - $ 500
The second transaction: 2 lots loss transactions x 50 points = - $ 1,000
The third transaction: 4 lots transaction loss x 50 points = - $ 2,000
The fourth transaction: 8 loss transaction lot x 50 points = - $ 4,000
Fifth transaction: 16 lots of transactions profit x 50 points = + $ 8,000

So that at the end of the transaction the result is:

Total Loss = - $ 7.500
Total Profit = + $ 8,000
Net Profit / Loss = $ 500
Final capital = $ 50.500

Excess use martingale strategy:
Only needs one win in so (n) transactions, to cover all losses from the previous transaction and simultaneously reap the benefits.

Weakness use martingale strategy:
When you are no longer sufficient capital to perform subsequent transaction, your loss is huge.

There is also a mention of this martingale strategy as the system of 99: 1. This means that if we use this strategy then 99% market conditions could make us a profit. but if one day we meet conditions 1%, drop our money.

Therefore, when you want to use martingale strategy, then you have to calculate your capital until resistance keberapa.Dengan transaction so we can better exploit the victory before the final transaction.

Averaging Strategy In Forex

 

 

Averaging Strategy In Forex

To minimize losses when the position we are in the opposite direction to the trend, as well as to maximize profits while our position in line with the trend, we could use Averaging Strategy.

Averaging based on the meaning he is averaging. In the case of open positions, averaging strategy is useful for averaging the position opening price. Where at a certain level, regardless of the condition of its market value is the position that we open IMPAS.

In trading, meaning Averaging is opened again a new position in accordance with long positions although this time the price moves against, in the belief that the market will soon move in accordance with our predictions.

Judging from goal, averaging strategy used for:

1. Enlarge profits

For example:

I predict the market will go up, so I open a buy position.
Moments later it turned the market is going up, but I see the market will rise even higher. So I open a buy position again.
Because I still think the market is very strong to go up again, I open a buy position again.

When the market rises, now I have three long positions that are profit It so if I close the third position, I profit more when compared to not perform averaging.

2. Accelerate Breakeven at a loss.

For example:

I predict the market will go up, then I open a buy position.
Moments later turned out to market declines, meaning that contrary to predictions However as I'm sure the market will soon rise, then my second membukaposisi ie buy again.

So now my position open price is the average of the two prices of open positions were open.

When the market turning upside, and hitting the average opening price of second position, the position I had nothing to lose anymore, but even.
If the market continues to rise then of course my position greater profit.

Tips in performing averaging:

- For a market that moves according to predictions, averaging before the market did see the point of saturation.

- To market moves against predictions, do averaging when the market enters the saturated zone.

Averaging forex strategy is very helpful to minimize losses and maximize profits. In use we have to keep an eye on the condition of market saturation.

 

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Strategy Profit By Switching

There are times when the market moves do not fit our predictions, so we have open positions become rugi.Namun in such conditions we can still turn out to be profitable to strive for is to do the switching.

Switching based on the meaning of the word is replacing. In forex trading, the switching strategy is to change the direction by closing losing positions and opened a new position in the opposite direction of the positions that have been closed in the hope of gain second position will be greater than the loss in the first position was closed.

For example:

Currently the price of GBP / USD is 1.5500. I predict BGP / USD will rise towards 1.5600. Therefore I opened a buy position.
Hose how many hours it turns GBP / USD moves against my predictions, GBP / USD Down and is currently at the level of 1.5450 buy position .Artinya I lose 50 points.

After re-analyzed, it turns GBP / USD will fall towards the 1.5350 level.

So that today I do not lose, I decided to close my long positions with a loss of 50 points and opening new short positions.

After a few hours it is true that the market moves according to the results of analysis both are down, and now stands at the level of 1.5375

Finally after feeling the profit obtained enough, then I closed my short positions with a profit of 75 points.

Of the accumulated 2 above transaction by performing switching, today I profit by 25 points ie 75 points deducted from profit loss of 50 points.

 

Tips to perform the switching strategy:

- Perform switching to open a second position which is opposite to the first position only if the prediction gain second position exceeds the first loss position will be closed.
- Should do switching when big trend will be formed, namely when the breakout band.

This switching forex strategy requires a convincing analysis, because if it is not convinced by the second prediction, you should only do the first cut loss position without having passed with switching. If we are still forced to be tossed around by the market and even suffer a loss of 2 fold.

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Feeling Stud Forex Market Predictions? Beware!

When a trader felt he had enough experience in the world of forex trading, it will be susceptible to "a disease arrogant". He began to believe that he really could predict exactly where price will move. He felt jumawa, feel on top of the world. "Disease" is indeed very vulnerable to attack anyone who has been in the world of forex trading for many years. Moreover, it turns out the majority of the analyzes he made ​​turned out to be valid, so there are some institutions such as forex broker and / or service providers interested in trading analysis utilizing the services of her analysis. Never mind that "veteran forex" and success, the starters and despondent are often attacked by "disease" is; even more severe. Ironic indeed.

Disease "feel great" like this often lead a trader to think that he has really knows every inch of the market movement. Assumptions like this - unfortunately - is dangerous because it can create a forex trader feels like "Gods Trading". People with "Syndrome Gods Trading" has a kind of confidence that he could actually predict where the price moves without ever misses. In his mind he DEFINITELY WILL PROFIT. In these circumstances, it has really felt I could nullify the possibility that he could have made a mistake.

But unfortunately in reality not a trader can eliminate the element of uncertainty in the forex market. Uncertainty has become the character of any form of business; that's called risk. No one can give a 100% accurate prediction about what will happen in the next market. Once again: NO.

100% Accurate prediction? Ah, do not dream!

Attempting to predict market movements is like trying to predict the future. I am sure you will agree with me: no one can know exactly what will happen in the future, even in the next five minutes.

Still fresh in my memory, when I spoke at a forum about the inability of humans to predict exactly what will happen next. A few minutes later "minor accident" occurred: a glass of water drip on my laptop. Obviously, I previously did not know it would happen. Such is the risk.

As a trader, if you insist on having "supernatural talents" who can predict the direction of the next market and stubbornly ruled out any possibility that there is, then be prepared to face adversity.

Of course we are not talking about the ability of a seasoned trader in recognizing market behavior. In technical analysis we believe that "history repeats itself". History always repeats itself, in terms of market behavior has proved historically recurring. That is why we are able to learn and take advantage of - for example - candlestick patterns, price action and behavior of technical indicators. From studies and observations as we then could predict where the price will likely move.

Possibility Not Certainty

Well, this is the key word: "possibilities". Estimating the potential price movement different to feel jumawa can predict where the price will move. Model approach "possibility" is then that makes a forex trader to take steps carefully and anticipation by putting a stop loss. He will also arrange capital with position sizing. Even if he had a loss, he would accept it gracefully and then will evaluate trading strategies that he uses. It is never going to be done by a trader who suffer "syndrome Gods Trading".

People with "Syndrome Gods Trading" very likely not going to act in anticipation of risk. For what, if he feels will always be true? Even if it turns out he is losing, he would stubbornly blame the market (this part is always the most ridiculous) and did not want to do an evaluation of trading strategies that he has.

Focus on Process

As a trader, you should not attempt to predict, but "read". What to read? Sure is behavior and current market situation, to then take the steps necessary strategic and anticipatory.

Like driving a car, when you want to overtake the car in front, you should not assume "certainly no vehicles from the opposite direction". Instead, you should do is to observe whether there is a vehicle in the opposite direction which is running? If not, please runway to precede your car. If it turns out there is, observe again: whether the vehicle was speeding? If yes, you should postpone the intention to overtake. Ridiculous and silly if you insist "not going to happen" and reckless overtaking, while many factors that it is possible to "happen".

In trading, thinking pattern as above is a process of minimizing the risk. Whether there was a valid trading signal? Is the position to be taken are in accordance with the trend? Do lots that will be traded in accordance with the capital strength? Is the stop loss limits is not too big? Is the profit targets are realistic? Etc.

Processes such as these, most likely ignored by the Gods Trading Syndrome. "Ah, do not need, will also certainly be profitable," so perhaps he had in mind. If you've been thinking like that - sorry to say - your forex trading career will not seem long.

Maybe this time out there was a person with "Syndrome Gods Trading" laughing at this paper and threw all sorts of apology and justification. It is okay. I just remind task. Hopefully accepted.

 

Fit body: Capital Successful Forex Trader

Did you know that almost all professional singer away from the cold water (ice) to keep their voices, especially before staging? Did you know that professional athletes undergo a strict diet (in the sense that regulate nutrient intake) as well as a fitness exercise exceeds the layman to maintain their body condition? They did all of that in order to become the best in their field. Then how about you as a forex trader?

Did you know that the forex trader also needs to maintain health? Oh, you do not know? Maybe because you consider that the profession as a forex trader does not need stamina as well as swimming or soccer athletes. Hm ... if you think like that: one. A trader - forex especially the "live" 24 hours a day, 5 days a week - absolutely have a fit body to support brain fresh.

Why Need To Maintain Stamina?

Yes, it is true that forex trading activities do not involve high physical activity such as playing football or weightlifting. Even a forex trader can trade comfortably on top of a soft mattress.

In fact trading requires concentration, focus and alertness is high. True that the brain plays a role, but did you know that physical fitness can affect the performance of the brain? That is, without a fit body, it will be difficult for you to concentrate, focus and have a high level of vigilance.

Professor Art Kramer, director of the Beckman Institute for Advanced Science and Technology of the University of Illinois, as quoted by Fitnessformen.co.id revealed that moderate exercise such as walking or cycling regularly will improve your memory and your ability to solve problems. Apparently, physical exercise as it can increase the size of certain parts of our brain. That is just a small sample and benefits alone. Please're looking for on Google, there are numerous references to the close relationship between physical fitness with a person's brain ability.

Fatigue, lethargy and fatigue can limit your ability to pay attention to the details. You will tend to make mistakes such as not obey trading plan, miscalculated the amount of the position (lot) when trading, or even one click on your trading platform! Suppose you want to "buy" but precisely clicking the "sell". Unfortunately, it turns out the price continues to move up. Oh, no!

Body that does not fit can also lead to laziness. You become lazy to sit in front of your computer or laptop for analysis and seek opportunities from price movements. Finally, many missed opportunities, but should be fairly easy for you can use.

It sucks, does not it?

So, How To Maintain Fitness?

Being fit does not mean having to have a huge body and sekekar Ade Rai, or Vin Diesel and Dwayne "The Rock" Johnson is well-known from the movie "Fast and Furious". No.

Being fit it simple, keep it as simple as just health.

Eat nutritious foods in moderation and do light exercise for improving blood circulation and stamina so you do not prone to fatigue. Even a simple exercise you can do your home will rise up from the chair and walked out of the house. Need not be too heavy. Walking or running a small, or cycling for 30 minutes per day was enough actually. If you are able and willing, be the one taking the time to the gym once or twice a week.

Swimming is also good for maintaining fitness. When swimming, all the muscles of your body moves. Need not be too long, just 30 minutes once exercise. But to be consistent, do not get up in the pool you only use 10 minutes for swimming and 20 minutes for "eye wash" ....

Body & Soul

Maintain mental health is also important. Sleep with enough, it's a must. Avoid consumption of alcohol, especially drugs (this also includes cannabis, Bro! Marijuana just makes the brain slow).

Stop also fill your mind with things that are not important. Come on, stop watch or read gossip about the artist A divorced by artist and as an artist and an affair with artist C then B and C were married while artist A later courtship with artist D ....

If you have a personal problem, finish as fast as possible before the start of forex trading activity. Mix with people who can give a positive value for you.

Reading a book or playing music in his spare time can also recharge your mind. Oh yes, forex traders should also have time to spare. Do not let your whole day hanging out in front of the monitor pricing.

You can also follow the breathing exercises such as yoga, Chi Kung, or the like. Nice to practice concentration. And of course: worship is the most effective way to fill the soul. Profession as a forex trader is very stressful, just to Him where we pitted.

Relax

It's easy to lose control emotionally when you are trading forex . Remember, trading is like running a marathon, long distance. Marathon runners have never run fast as a sprinter. Which dinomorsatukan is not speed, but high stamina to get to the finish. In the marathon, the speed becomes diminished.

So, relax. There is still plenty of time left.

Congratulations exercise. Mens there in corpore sano.