Because I'm big fan of woodie... I must post woodies cci indicator for Metatrader platform.

You can download it here .

Also you can try woodie based scalping system for Metatrader. You can download it here .

Enjoy the trading !

What is scalping ? Scalping is trading method. The trader (scalper) touch the market for few minutes or less and takes relatively very small profit.

Scalping system requirements ( proof of concept - public version ) :

• Entry the market when the prize is moving ( high volume ). Other traders are trading. Wake up !
• Recognize the trend.
• Look at the price few minutes ago.
  • Compute trend line. Bull / Bear / Stay away
  • Moving average. Bull / Bear / Stay away
  • MACD. Bull / Bear / Stay away
  • Woodies CCI , chop zone . Bull / Bear / Stay away
  • and RSI
  • ... and William R%
  • ........and so on
  • .... in other words, use technical analysis to define the trend
• Use fuzzy logic to figure out the result. ( if rule1 is strong bull and rule2 is medium bull and rule3 is strong bull and ....rule N is then go short)
• Compute position risk. Dynamic or fixed profit target. (Fuzzy logic too).
• Compute stop loss zone according to risk.

I really like these systems ! Are you scalping too ?

You can usually trade all day from Monday till Friday depend on your broker. But the prices are moving when other traders are trading (not sleeping).

 Forex market hours

New York opens 8:00 am to 5:00 pm EST

Tokyo opens 7:00 pm to 4:00 am EST

Sydney opens 5:00 pm to 2:00 am EST

London opens 3:00 am to 12:00 noon EST

Forex market hours best performance

There are hours when market sessions are overlapped:

New York and London — 8:00 am — 12:00 noon EST

EUR/USD , GBP/USD

Sydney and Tokyo — 7:00 pm — 2:00 am EST

AUD/JPY

London and Tokyo — 3:00 am — 4:00am EST

GBP/JPY

At those overlapping trading hours you'll find the highest volume of trades (bigger rate of change) and therefore more chances to win in the foreign currency exchange market. It's very interesting to change automated strategy for trading only at overlapping sessions. 

Enjoy the trading !

.................

............. flip the coin...... head, tail, head, tail , head .....

The best combination was 19 and 24. That combination made $15,000.
The combination of 17 and 24 made only $3,000.
The combination 16 and 24 lost $3,000.
The combination 19 and 25 made $5,000, while 26 and higher lost money.

31 combinations made money, while 465 lost money.

Popular indicator from Alexander Elder.

Download link.(ELDERRAY.ELD)

... or read more theory... here and here

Elder Ray Buy signals

• Moving average rises and Bullish Force indicator is below zero. The best time to buy is when the Bearish Force first falls below zero and then immediately rises.
• If new price highs are confirmed by new Bullish Force indicator highs, then it is a good confirmation of the bullish trend.
• Bearish convergence is another strong signal.

Elder Ray Sell signals

• Moving average moves downward and Bullish Force is above zero.
• Bearish trend is confirmed if the price lows and Bearish Force indicator lows move downward in parallel.
• Bullish divergence is another strong signal.

Enjoy the trading !

"Every note, ever written - at any time, in any place"

World of currency market trading,development, hobbies,family,friends,events - lot of information. Agree ? I'm still thinking about using and storing information effectively. Two weeks ago I have found great piece of software - EverNote.

At the first look I have been confused about complexity, but after spending two hours playing with them...

I was really surprised. It's easy. It's works. And the web clips feature... (clap)

Web clips allows saving whole web page from your favorite browser into EverNote and then edit them in same environment as MS Word.

I would like recommend EverNote freeware to anyone.

http://www.evernote.com/en/products/evernote/