Recent content by muraleedharan

A weekly chart of USD/JPY as on 31st January 2009 is posted below for the reference of the readers.The price closed below 20 SMA reading 95.76.The 20 SMA is slanting down.Hence the weekly down trend is intact.A Harami candlestick pattern is formed in the weekly chart.Since the trend is down we...

USD/JPY chart for the month of January 2009 is attached below for the ready reference of my readers.The reading for the month of this pair is HP 94.63 LP 87.20 CP 89.94 OP 90.73. The Pivot Point is 90.59 R1 is 93.98 and S1 is 86.55.This month the JPY was stronger by 79 pips against USD. A...

The USD/JPY Dealer chart is attached below.The price rallied up to 90.74.The price pierced the UB and closed inside the band.A harami candlestick pattern is formed.The LP of the pattern is 90.20. The price broken down the LP 90.20 and this is a good trigger for entry with a tight stop loss.The...

In the hourly chart also the price pierced the Upper Band and reversed forming a dark clod cover.On the break-down of the LP of the dark cloud cover is an entry trigger with 5 pips on the HP as the stop loss and LB price of the dealer chart as the profit target exit.This will give a good risk to...

The price pierced the Upper Band of the dealer chart on 27th January 2009 and made a HP of 90.06.The UB is 89.88.The price closed inside the UB making an engulfing bearish candle stick pattern.This is a good set-up to short.In the earlier posting weekly chart is given showing the primary trend...

The Weekly chart as on 24th January 2009 of USDJPY is attached below for the immediate reference of the readers.The trend on the weekly chart is showing down for the price is trading below 20 SMA and the slant of the 20 SMA is also down.The forthcoming weeks trading strategy is to "Sell or stand...

Given below is the hourly chart of USDJPY. You have to see the chart Weekly,Daily,4Hour and Hourly. Weekly and daily chart to be used to identify the trend. Dealer chart should be looked for the set-up.Following is one of the many set up using this method. Conditions 1 Price pierced the UB of...

Here also the annotation is given in the Dealer chart(4 Hour).:( :(

You have to see the lower time frame ie Daily chart and see where the price action is.Whether it is near the Upper Band,20 SMA.What is the trend in the daily chart. Here the trend is sideways with a down bias.Hence your strategy will be selling rallies.You have to see 4 hour and hourly chart...

This swing trading method is devised to trade in the direction of the primary trend using bollinger bands,20 SMA and slow stoch 8/3/3.You will buy or wait on sidelines in uptrend and sell or wait on side line in down trends. When there is no specific trend and the price is moving side ways you...

It is true that banking is the worst hit sector, having so many banks closed and some survived on the mercy of government, thousands of employees losing their jobs, it is one of the worst recession the world is facing.We will have to adjust according to the changing situations for our...

There are various components to trading ie Method, Money Management, Psychology. Then for the indicator part there are 101 indicators. Charts, there are bar charts, candlestick charts, line charts etc. I have been looking a couple of years ago to get good book in libraries, book shops.But...

You should not do what you don't understand.Here simplicity is the key.1 to 2 percent of your equity you can allocate per trade.You can still make a lot of money and you need not feel pressurised once you are triggered into a trade.You need to incorporate your MM into the method of your choice...

I remember the story of a researcher (Who was researching on habits of a particular species of fish).He went to his guide and asked 'Which book should start with' The guide replied 'You watch the fish ,you will learn a lot more than when you get reading'.You start demo trading and watch your...