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Jumat, 25 Januari 2013

Trading Forex online? Disadvantages Using a Demo Account

I visited the website Article Base; a free article base allowing users to publish their articles on blogs, websites etc. I read the article “Importance of a Trading Demo Account by Jemsh Smith”. In the article is the advice to test different demo accounts and find the differences among these accounts.

During the last year I have read several articles describing the use of demo accounts. One of the disadvantages against demo accounts is that it is not real money and the trader has nothing to lose. If he instead opens a real account he will feel how it is to trade with real money. The trader will feel how his emotion will start to interfere with his decision.

Just to illustrate the thoughts in the articles I found a YouTube video where a fellow is telling about the disadvantages using a demo account.



Emotion in a trade is bad for the decision a trader makes and should be avoided. It could be done through trading rules. The purpose is to lower risk in a trade. The topic is further described in the article “Trading Forex Online? What Is Risk Management and Risk - RewardRatio? “

It is also possible to avoid emotion in a trade through visualization. The purpose is to get comfortable with the trading rules and learn to trust them. The topic is further described in the articles “ Online Trading? How Visualization Techniques Can Improve Skills To EnterA Trade “ and “Forex Online Trading? How toImprove Your Forex Trading With Visualization Techniques

In the video the fellow talked about opening a real account and start trading with a minimum amount and the risk would be minimized. Another solution is finding a trading platform that offers a sign up bonus and start trading with the bonus. In the article “Trading ForexOnline? Trade Smaller and Make More Money” is described how a smaller amounts could generate a better profit margin than larger amounts.

S&P500 H1 Update

This chart has been posted on VIP blog @ 1:30 pm.

Check where the price is now.

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Kamis, 24 Januari 2013

GBP/USD H1 Update

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Gold XAUUSD H4 Update

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Rabu, 23 Januari 2013

Introducing:EUR/GBP Elliott Wave Count

On Monthly chart we can see that the price is near to finish the wave 4 of the whole decline. Please notice that a break above 0.8645 will invalidate the count

On Weekly chart  wave 4 shows some kind of weakness as the Triple Zig-Zag makes final vertical leg to the upside as a wave 5.




Daily chart seems to be confirming all the assumptions as the wave 5 has ended with Ending Diagonal Triangle:



H4 chart provides the details about the count. Please notice that this structure might not be finished and the latest wave up could be only wave A of a final structure. Nevertheless, we can look for another clue to the Non-Linear Regression Modeal - the downward slope shows the direction















S&P500 Futures H4 Update

This is another chart form BEFORE and AFTER series.


Easy 30points could be made on that trade!

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Seb


Selasa, 22 Januari 2013

Introducing: Polish WIG20 Futures Elliott Wave Count

This count should be helpfull for anyone who is investing in Polish Stock Market.

Right now this market is on very interesting level: after breaking blue trend line in impulsive fashion this index is very close to finish wave 1 of wave 3.

Futher bullish  confirmation is breaking above 2941 level. Only break below  2451 would put my count into reconsideration.

Please notice the unfilled gap on 2825 - 2856 level ( red rectangle).


Take care,

Seb






Senin, 21 Januari 2013

USD/CAD H4 Update

This is Before and After charts.

This charts have been posted on VIP Service blog of mine on 2013.01.17 about 6pm
Over 100 pips for a grab was there.

If You want to receive chart like this with arrows, signals and explanation - JOIN VIP SERVICE NOW!

Seb



Introducing:CHF/PLN Elliott Wave Count

For the beginning this is a chart with all available data I have - back to 1984 ( quartely candles;courtesy of stooq.pl):

 As You can see this is pure impulsive wave in progress and after wave 2 bottom nice impulsive candles were developing. On Weekly chart the downside correction in wave 2 looks like this:





 Next part of the chart is wave 3 unfolding into nice 1-2,1-2,(1)-(2),(i)-(ii) pattern that has not been finished just yet: CHF/PLN is currently in wave 4 of impulsive advance and only breaking 3.17 level invalidated the count.























































Minggu, 20 Januari 2013

$DX Us Dollar Index Update



Signal Service Results Update 14-18January

Hello Traders,

Those are results for last  week for those of You who traded only signals issued on Twitter. This result is counted only by adding TP1 as a target (TP2 is  extra) and one take profit per trade only.

Anybody else who traded my charts as well ( Gold, Crude, EUR/USD to name a few) could made potentialy  thousends of  pips. Trades from Monday update cleary showed upside direction and my buy signals were missed by average 20pips.

Grand total since 20December 2012 is      +896 pips!

Congratulations to everyone!


Take care,
Sebastian Seliga

Week from 14.01.2013 - 21.01.2013:
Forex Signal No.44|Buy EUR/AUD@1.2535| SL:1.25150| TP1:1.2600| TP2:1.2700|2013.01.14 12:50 CET|Swing Buy | Invalidated
Forex Signal No.45|Buy GBP/JPY@142.65| SL:142.49| TP1:143.10| TP2:143.50|2013.01.15 10:00 CET|Agressive Scalp |Closed @ 114.95 +30pips
Forex Signal No.46|Buy GBP/JPY@141.88| SL:141.74| TP1:142.50| TP2:143.10|2013.01.15 10:15 CET| Scalp  Buy |Closed @ 114.20 +32pips | TP1 HIT +63pips              
Forex Signal No.47|Buy EUR/JPY@117.61| SL:117.41| TP1:118.00| TP2:118.49|2013.01.15 10:50 CET| Scalp Buy | Added due to chart analysys and SL never hit: +90pips. TP1 &2 HIT
 Forex Signal No.48|Sell USD/JPY@88.75 | SL:88.86| TP1:88.40 |TP2:88.14|2013.01.15 12.25 CET|Scalp -10pips
Forex Signal No.49|Buy EUR/USD@1.3285| SL:1.3246| TP1:1.3330| TP2:1.3380|2013.01.15 13:45 CET| Swing  Buy|SL=BE|Closed| 0 pips
Forex Signal No.50|Buy EUR/USD@1.3305| SL:1.3296| TP1:1.3330| TP2:1.3380|2013.01.15 13:55 CET| Agressive Scap|SL: -10pips
 Forex Signal No.51|Buy EUR/USD@1.3240| SL:1.3200| TP1:1.3280| TP2:1.3300|2013.01.16 14:15 CET| Swing Buy |Invalidated
Forex Signal No.52|Buy EUR/JPY@115.85| SL:115.31| TP1:116.71| TP2:118.00|2013.01.15 14:30 CET| Swing Buy| Invalidated
Forex Signal No.53|Buy GBP/USD@1.5988| SL:1.5972| TP1:1.6028||2013.01.15 15:30 CET| Scalp Buy|
Closed manually @ 1.6008 +20pips 
Forex Signal No.53|Sell EUR/AUD@1.2681| SL:1.2691| TP1:1.2651|2013.01.17 10:30 CET|Agressive Scalp| SL moved to 1.2685| SL: HIT -5pips
Forex Signal No.54|Buy USD/JPY@88.86 | SL:88.75| TP:89.50 |2013.01.17 12:25 CET|Agressive Scalp 
Forex Signal No.55|Sell Crude Oil@95.80| SL:95.91| TP:94.80 |2013.01.17 18.10 CET |Scalp Sell| SL HIT: -10pips
 Forex Signal No.56|Sell EUR/JPY@120.20 | SL:120.70| TP1:119:60 |TP2:119:30|2013.01.15 12.25 CET|Scalp| Add to short @ 120.50 |Closed -10pips
Forex Signal No.57|Sell GBP/JPY@144.15 | SL:144.25| TP1:143.65 |TP2:143.20|2013.01.17 19:45 CET|Agressive Scalp| Closed manually +15pips |TP1:Hit +50pips |TP2:Hit +45pips
Forex Signal No.58|Sell USD/JPY@90.00 | SL:90.20| TP1:89.50|TP2:89.00|2013.01.17 19:50 CET|Agressive Scalp | Closed manually  @ 89.70 | +30pips
Forex Signal No.59|Buy EUR/USD@1.3320| SL:1.3299| TP1:1.3370| TP2:1.3400|2013.01.18 12:40 CET| Scalp Buy| SL HIT -20pips

Week from  14Jan - 18 Jan                                             +208pips

Grand Total since 20th Dec 2012                                        +896pips!