ECONOMIC CALENDAR IS VERY USEFULL!!

Economic Calendars For Forex Traders

Links to good economic calendars for the forex market.

It is best to compare the figures on a few calendars as substantial differences can occur in consensus.

Daily FX Economic Calendar

Forex News

Today FX

Forex Factory

The London Forex Blog

You need technical analysis and fundamentals to trade currencies profitably.There is a need to understand the basics of economics so you can think for yourself and learn who the market participants are and which reports and statements drive the market.

It is important to know exactly when these announcements will be made so you can take advantage of the big moves that follow or avoid losing through a sudden surprise reaction.Economic calendars show in advance what time the economic data release will take place.Before a trade is taken, we look at an economic calendar for opportunities and threats.

If traders are expecting an interest rate to rise and it does,there usually will not be much of a movement because the information will already have been discounted by the market.However, if the interest rate does not rise as expected, then the market may react violently.

IN10TION NewsReader v09.84

Auto updates: every 30 minutes! When there is news it will update every 30 seconds till it retrieves the news actual value. Very easy rite??

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MT4 DASHBOARD

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SPUTNIK SYSTEM

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GOLD MINOR EASY INDICATOR!

Once you set up the goldminer1 & goldminer2 like above on the 1 hour chart or above you are looking for the signals which are as follows :

RED + PURPLE ARROW = SELL
BLUE + YELLOW ARROW = BUY

How you exit will be determined by which timeframe you are using, I suggest using the same TP and SL i.e 30 pips TP 30 pips SL

Goldminer1 Goldminer2 Link download

TRO METERS

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GOLD SYSTEM

Conditions for opening Trade:

For Buy

1. price above buy zone fib, blue rsi chart bar

2. William's percent range indicator gold line entering or inside blue area
above -25.00

3. RSIOMA clearly crossed up

For Sell

1. Price below sell zone fib, red rsi chart bar

2. William's Percent Range Indicator gold line entering or inside red area
below -75.00

3. RSIOMA clerly crossed down


Exceptions for opening a Trade when above conditions are met:

1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.


Conditions for closing Trade:

Safest

1. When price hits next pivot point line in direction of trade.

Moderately Safe

1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.
Attached Files

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Vynner Swing Technique

This is another 4H technique i used before I’ve found my own swing technique. This technique and tlatomi trading method had gave valuable contribution to the development of my own swing technique.

I take “Vynner” from the name of the person who originally created and published this technique. Since June 2006 it gives 250 pips a month in average. Since this is a swing technique, it will only give one or two trade a month.

What interesting me at the first time i read this technique was that it use 50 pips stop. While each trade potentially gives more than 100 pips profit. What a good risk-reward ratio.

Below are Vynner Swing Technique details:

Things you need:
1) Daily Chart on GBP/USD
2) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart

Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.

For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart

This technique work best on GBP/USD.

Below picture showing valid Long Entry

Below picture showing valid Short Entry