Technical Analysis from Kaboom

Technical Analysis from Kaboom

Programs used: Metatrader 4
Indicator is used:

• Ang autochannel HL-V1 with setting hours: 72
• Dolly trading 3 times (from dolly system)
• B-clock modified
• Period converter
• Wolfwave
• Pivot
• Gmacd signal (from the dolly system, if not mistaken)
• RSI with setting 14
• Stochastic oscillator with setting 5,3,3, MA exponential method, field price: low / high

The function of each indicator that kaboom know:

• Ang autochannel: make a line between high and low on the charts. The top line on autochannel ang projecting the highest price of currency movements. If the price is approaching the line then it is likely the price will go down, and vice versa. At this indi picture a line of red and blue colors.
• Dolly trading 3 times: shows the international market opening time, from London, USA, and Europe. In the picture in the form of vertical lines of color other than white.
• B-clock modified: show time toward the next bar
• Period converter: indi that I like, indi to make tf tf offline by reference. I am currently using tf h1 as a reference (online), with tf offline on h8 and H16. Indi settings in the (open wears MetaEditor). The advantage ^^ conserve bandwidth.
• Wolfwave: shows the currency movements with zigzag method. Quite useful in determining whether the price movement will go down or up. In the form of a line drawing zig zag yellow.
• Pivot: indicates the position of R, S, and the pivot point. Kaboom enable middle as well so there is a line between R, S and pivot to analyze the position that may be used for op. pivot will be valid for one day. So every day there is a change of position r, s, and pivot. In the picture -warni colored horizontal lines.
• GMACD: trend display of all existing tf. Kaboom usually look at the major trend to see the trend in the group's largest tf. Smaller Tf is used to wait for the moment op.
• RSI: almost similar to the stochastic possible, until now kaboom not know the real sense of RSI ^^
• Stochastic: useful to determine the most ideal time to determine the op because it shows whether the market conditions overbought or oversell.

Analysis:
Pair: gbp / chf at the close last Friday, 4 January 2008.

1. Look at gmacd that time, the major trend is still showing the red (down trend). Therefore kaboom avoid long positions, and only look for opportunities to sell positions.
2. Look at the history of the analyzed pair. For GBP / CHF lowest prices on the position 1.73xx (year to forget). Because the price is getting closer to its lowest position, the quantity should be limited below 5% of the margin for each op, to anticipate when prices turned sharply.
3. Analysis of the price positioning of the stochastic and RSI. Usually in the current downtrend, the stochastic and RSI approaching 80 values ​​above 50, the price increase only slightly compared to when prices fall. Moment as it is ideal for making op sell. Vice versa when the uptrend.
4. Conflict timeframe. It is usually confusing and very often the case. When m1, m5, m15 until the green h4 (uptrend), sometimes we are tempted to open op buy, whereas in larger tf still downtrend. You should still follow the trend in larger tf.
5. If one of the major trend is different from the others, is likely to change the trend, it will usually be marked if the downtrend can not reach a point lower than before for several days, and vice versa if it is in an uptrend. Be - careful when this happens.
6. Use the zigzag for ease of movement every day. Zigzag arise by connecting the lowest price point at the highest price point. If the price has already reached the lowest prices, zigzag will search for the next highest price point, or will seek a lower price point. Combine all the above analysis results to obtain a correct position - a profitable with minimal risk.

Note:

1. Selidki lowest and highest prices in history with reference to the TF monthly.
2. If you are a beginner should start with real money but with a small quantity (less than 5% of your margin). Kaboom advice should avoid virtual money, because trading with real money and virtual greatly affect a person's mental. Emotions will be very influential when you use real money, this is sometimes not the case if you are using virtual money.
3. Do not forget to learn to use money management.
4. Kaboom way written above may not be suitable for a more active pair, because kaboom only one pair was trading at all. Each trader has a trading way each - each. Use this method to learn, then find your own way of trading, as well as indi that you like and you understand.
5. Tf smaller (m1 to H4) can be changed in one or two days, while the larger tf can take days and - days, sometimes weeks and weeks, even months - months. That is why kaboom advised to follow the trend of larger tf.
6. Try to avoid loss trading patiently when you do not pursue profit targets. Reduce your loss of once a day to once a week, then to 2 weeks, and so on. Keeping the loss is not as important as the search for profit.