The Blade Forex Strategies (e-book)

[bramjnet]

The Blade Forex Strategies

 

 

 

http://www.4shared.com/file/83272460/b7453997/The_Blade_Forex_Strategies.html

[Gee Dee]

Currency exchanges must be completed as per your trading strategy. Trading strategy is the guideline which can help a foreign currency exchange trader to perform transactions according to his trading goals. For example: as a risk adverse investor I want to close my trades within short term period so that I can take advantage of smaller price fluctuations. In this process, my trading profit is moderate yet my risk is lower.

[free forex]

Cup with Handle and buy trading signals

Cup with Handle and generate buy trading signals

Cup with Handle is Looks like a cup profile with the handle on the right

brief review of the guidelines I found important.

Rise before cup is at least 30%. As I was selecting cup-with-handle patterns, it became apparent that

locating cups during an uptrend was important.

So I used O’Neil’s minimum rise to the left cup lip of 30%. To measure this, I applied the same method as

for finding the trend start and reviewed those that fell short of 30%. If the trend start using

the mechanical method was shy (usually by just a few percentage points) of the

required 30% but the price trend appeared longer on examination, I accepted

the pattern. Just 15 of 471 patterns (3%) were in this category.

U-shaped cup, handle duration. I removed all V-shaped cups and kept

the U-shaped ones. I am not sure about the performance effect of this. Also

removed were those cups with handles shorter than 7 days (5 trading days). A

cup without a handle is a rounding bottom. I considered the handle length as

the distance from the right cup lip to the breakout.

Cup duration. I used a strict interpretation of O’Neil’s cup duration.

Removed were short cups (fewer than 7 weeks) and overly long ones (over

65 weeks).

Handles form in upper half of cup. I used a more lax interpretation of

where the handle forms on the cup. In other words, I visually inspected the

cups to be sure prices in the handle drifted no lower than halfway down the

cup. I removed those drifting lower (include all with downward breakouts).

When measuring distance, use an arithmetic chart

Cup lips near same price. Finally, I selected cups with lips (tops) at

approximately the same price level. Cups with uneven lips are better classified

as scallops.

determine take profit of forex trading signals

Measure rule Compute the formation height by subtracting the lowest low

reached in the cup from the high at the right cup lip. Add the

difference to the high at the right cup lip and the result is the

target price to which prices will climb, at a minimum. Only 50% of

the formations rise that far in a bull market; 27% hit the target in a

bear market. Use half the cup height to get a more realistic price

target (met 76% of the time in a bull market; 55% in a bear market).