#beginner forex

you so in this presentation brought to you by a Forex predator we're going to be going over some of the most powerful effects chod patterns these chart or price patterns I don't like to refer to charters chops which I explain further on down the line because I think if you really want to understand forex it's better to understand and look at the market as a price action market but anyway that's another discussion but basically we're going to be looking at powerful effects chart patterns if you're new to the Forex predator videos you can download the full three hour course which is on my site I explained the whole basics of forex and how to get into forex and done let's get on with the presentation so chaud patterns these are the most powerful chart patterns at them if you can find them it's just a matter of waiting for them to get to the end of the pattern before the powerful moves to the upside or to the downside so and also in a legitimate the sub actual presentation is going to be in two parts we're going to have the theoretical side which I'll show you you with all the patterns a few images of them and then we're going to actually go into the lab market and have to look at them and the actual market is closed today as i'm recording this on a sunday i do aim to have other videos in the future where we're looking at a lot market it will always be obviously be a time lag and when i show you with the actual market but let's get into it so the most powerful pattern saw the ascending triangle descending triangle double bottom double top flags head and shoulders parents rectangle symmetrical triangle trouble top triple bottom volume and wedges the ascending triangle which is a first one an ascending triangle is a chart pattern using technical analysis it appears when an uptrend it's a level of resistance and begins a period of consolidation so what does it look like so this is what usually happens with am a sending triangle right the characteristics of an ascending triangle is that it has been a relatively flat level of resistance in an upward sloping level of support as depicted in the figure above so as you can see they're usually your forex pair hits the top of resistance comes back down tests the support but the support level seems to get higher up each time and then hits the resistance comes back down but each time your support level is getting lower and lower until eventually the price just hits it out the way the way that I look at these is always like a doorstop if you imagine like you get these door stoppers they further method or the ascending triangle sort of it's a picture so he has another example a real-world example the thing is but this is a textbook classic example of how sending triangle should look and this is more or less water will actually look like in your brokerage a software so we've got a descending triangle so all of these have the

hi everybody and explore from expert Forex I hope you enjoyed today's forex trading video in this lecture we're going to address the question where do I put bus stops and my target swing channel trading unfortunately is not only one answer for that particular question so I'm going to present you with a number of alternatives and you can decide which alternative suits you based on your level of trading expertise and confidence so let's have a look at a general guideline with put your stops and targets first general guideline is based on a calculation so let's have a look out this one works let's look at the chart there is a particular trade that's just been activated it's bounced on the top of the channel it's and we're going to be trading it in the direction of the trend so a pretty good entry it has bounced a number of times and we now need to decide where to put our stops on target so the first one is to calculate the width of the channel now the channel size cut is very easy to calculate you calculate the size of the channel not up vertically but but based on square corners as you can see I'm doing on the screen so this channel appears to be around about 160 that's wide so that's the width of the channel and years where the calculation comes in you would go for 80% of the channel width so 80% of a hundred and sixty is roughly a hundred and fifty foot so you would then put your target at a hundred and thirty person let's see what happens if I do that 130 pips and that's actually a very good target because it's it's before the previous low so that is actually a good place to put your target so you put your target and a hundred and thirty round about where I have it there let's market and then your stop would be 40% of the channel width or 40% of 160 is 64 so you would put your you'll stop 64 puffs above the entry that you've had so we just do that and it would be more or less in this particular area so again our market for it for you okay so your stop would be there your target would be there on that particular strain son section using the general guide the general guide is use 80% of the channel width for your target and use 40% of the channel width for your stop so when in doubt apply the general guide now let's have a look at a channel trading based method of determining stops and targets so the idea of channel trading is actually to catch 100% of the move so if the price was to bounce on that channel line that we looking at right now it will come it's expected to come down to the lower channel line so our target can now move right down here and we can put our target round about the area with the lower channel line is now that improves our targets tremendously if you look at this and this is 200 plus a 200 per potential move here so that's the alternative target that you can set for this particular trade and if you sitting this kind of target you can also then set your stop and the channel width the channel width would be and you could do this visually you would probably put your set your stop roundabout there remember remember the pricing guy goes straight up or straight down so it will take a while to reach your target and you'll stop so your stop would be more or less Li which is also quite a big stop it's 150 pips that's fine so you have 150 per stock and a 250 target and that is fine so that's the alternative method which is a visual method so you would visually see how the price should go down there if the price breaks out it could go over there now the beauty of channel trading is that often when there's a breakout it comes and retest the breakout point so it is unlikely that they'll reach the full stop you have to watch it and if it does come out and retest the breakout point you can then get out at a very small stop okay so that's the second method we could call this the alternative method and then there are variations on the two methods that I've just shown use for instance the alternative method instead of going for hundred percent of the move you could go for 80 percent of the move and that would that would be a bit more conservative and your stop could be 80 percent of of what we calculated before so you could turn it into a slightly more conservative way the other way which is a third way or fourth way of putting your stops and targeting is to look at the support and resistance that actually exists on the chart so for instance I have drawn in some support and resistance lines on the chart the little green or the thin green lines and you could then say okay if I'm going to trade down to this level I'm going to put my stop just above the previous support and resistance level so you could actually go with a very small stop your stop could be over there for instance and your target could be either down here or or over here and it still would be a fantastic risk-return ratio so you could use support and resistance to determine your target areas this what this particular trade would be a very good high probability trade if you very consider if you'd put your stop behind the the next level of support and resistance that would create a very big stock and but if you keep your target where it will be it's expected to be it could still be a good trade when determining your stopping times use your trading logic you could use the general guideline which is a calculation or you could use support or resistance based on what is happening on the chart right now and that's the method that I like using I like using the current support resistance levels to determine that now the same logic applies to break out the trades so I'm not going to repeat the formulas but you use exactly the same logic on break out trades remember it when there's a break out the breaker is likely to move the width of the channel so there's the guideline to where you expect the break are to move too and you can use the same logic those three guidelines that I've just mentioned you can use for breakout tracks I hope that helped you there is no perfect answer you have to determine what reach your needs best and and what your experience teaches you so let's move on into the next lecture thanks for watching this video you can find links and more information about the video in the description if you found it interesting please like it and share it with your friends also remember to subscribe to our channel so that you don't miss any future forex trading videos so for me Alex to play cheerio

hi everybody and explore from expert Forex I hope you enjoy today's products trading video in this lecture we're going to be covering the rules of channel trading really simple rules and that's why I like general trading no complicated rules so on this screen you can see a perfect example of a channel and it also helps me explain the rules quite nicely as you see in a previous lecture what you would do is you would establish a channel with only three turning points so at number one we've got our first rejection or turning points point at number two we've got another rejection and turning point and at number three we have another rejection and turning points so by drawing a line over one and two you create a channel a reference and then and all you then do is you draw a parallel line over twenty points number two so once you've done that the rules are quite simple we are going to assume that the price will bounce at number four so if you know number three and the price is dueling downwards you can already anticipate that number four will be a bouncing point and in fact that's what happened here which which makes it a really nice good example there's our bouncing point sir and once you stablish one two and three you can already put your pending order down here at number four for a Buy and the target for this buy will be the other side of the channel so you could actually put a pending order with a target on the other side of the channel and go to sleep wake up the next morning the pending order would have activated and the price would be hopefully on its way to the other side of the channel and that's another thing I like about channel trading you can trade into the future and you can sleep through the deals right so the first rule is once you've established the first three bouncing points assume that the fourth balancing point will be a bounce and and so on so you also assume that the first point will be a dancing point so we can even put a pending order up here for a cell and the target naturally would be the other side of the channel at number 6 here and at number 6 you can again put a pending order by in because we assuming the a balance over here so those are the rules basically just assume down to once that you've established a channel assume that there will be dances on the channel lines now what it's also Illustrated quite nicely here is what I call a fail swing so and at point six we assuming that the price will go up here and we can put in a number seven in there quickly let me do that we assuming that the price will go up to number seven but good things don't always last forever and what happens is the price made an effort to go to number seven didn't make great progress got about a third of the way or a quarter of the way to number seven and they've started turning around and going back what I call that is a failed swing and once a failed swing breaks out of the channel like it has over over here you can safely enter a break out transaction in this case it would be a break out cell and your target would normally be the width of the channel because the currency tends to go to break out by the width of the channel and here's a good example it eventually did exactly that and then it moved on we won't cover that that aspect as yet but so the second rule of channel trading is when you see a failed swing assume that it's going to break out of the channel put your pinning order outside of the channel not inside the channel outside of the channel to catch the breakout and when it happens write it for Maurice the words of the previous channel so those are the two basic rules or channel trading a third guideline is that when a channel is trading very sharply in a trend this one isn't too bad it's a soft ring but it is a sharp trend be wary of training against the trends and the trade from number five to six is a relatively dangerous one because it's against the trend I'm not saying that you can't do it but just be wary of those trades don't trade against the trend if you don't have to this one is a male trend if your channels are much steeper than the one shown here then you should be worried about trading against the trend so channel trading is relatively simple and that's again why I like it so much so let's move on to the next lecture thanks for watching this video you can find links and more information about the video in the description if you found it interesting please like it and share it with your friends also remember to subscribe to our channel so that you don't miss any future forex trading videos so from me Alex we play cheerio

hi guys Nicholas here and today I'm going to tell you how a personal analyst can help you I get it you're new to forex really know what you want yet it's okay because we have a solution your very own personal analyst so how does it work unlike other brokers we don't just give you a live chat link to a call set when you upgrade your account you get your very own analyst assigned to you and dedicate it to your trading account forget the call center your analyst has a name a direct line number and he's ready to work with you benefit from our years of market knowledge and work closely with your analysts to maximize your success so what can you personal analysts do your personalities can show you how our platforms work with a virtual tour he can also provide expert insights and on-demand market updates 24 hours a day enjoy telephone trading too because with a personal analyst you can open-close or modify deals over the phone wherever you are once I'm one-to-one training yep we got you covered there too and you know I save the best news to last our award-winning training programs and personal analysts are completely free you you

this is the euro/usd very remarkable drop to the downside I traded this one last week and it was one of the best trades I've had in a while but I booked through the end of this past week and decided I did not want to hold it over the weekend because there was a strong probability that we can actually see a potential correction to the upside alright a similar situation can be established with the pound USD another really remarkable move to the downside in fact you can see from this consecutive bar indicator that we haven't had a move of this magnitude since back here in January alright so a very significant consecutive move down and we are seeing a possible correction opportunity but it could also turn into a follow-through event so it depends on what the catalysts are behind this and a third that has a lot of interest to me and the one I'm more closer to actually trading is the Euro yen a very sharp correction there for days down we covered from up here at about 120 350 all the way down to 1 30 to 50 so we had a really remarkable 300-point move in the span of four days and it falls within nicely here a broader congestion pattern holding this technical floor very nicely so what makes this a scenario where we can say that this is a good idea or even a decent idea to try to trade against a very remarkable momentum event like this all right there are a number of things we need to take into consideration but from the standard perspective we should at the very least sees some level of correction or at least a hold you can see when we did hold this trend line and we are seeing a little bit of a pullback that is going to be a first approach that is a first requirement a technical requirement we have a similar scenario here on the euro USD and we have the pound USD offering of the same we have technical levels that have tentatively held and we are seeing a little bit of pull back however that tentative hold could very easily turn into continuation to call your attention back to this pound dollar move where we had previously a sixth consecutive down day it actually continued on to a more prolific bearish trend so what is that telling me that this is going to be a situation where we can see a rebound like we had on this particular six-day decline turn into a reversal rather than this a continuation because prevailing momentum the prevailing trend is inherently the more probable outcome I think a lot of this determination comes from timing and event risk alright so the people that are on my cat and my distribution lists actually get this every Friday the man a crisis calendar but you can see very much the same thing in the daily effects calendar itself knowing that there is major event risk ahead which we do with very certain pairs can be a curb on economic activity all right so looking through the first couple of days monday tuesday we have notable pieces of vent risk including this EU economic forecasts all right RBA rate decision is em set and service sector report for the u.s. a number of policy officials speaking from the Fed all right notable event risk but the big stuff the things that can tap into the underlying themes of the market come starting thursday we have the ECB rate decision the u.s. third quarter GDP report and then of course Friday's non-farm payrolls those are very important theme attic pieces of event risk they tap into the kind of considerations that have proven themselves time and time again to move the market for the u.s. GDP and october non-farm payrolls we know that this is exceptionally important for the US dollar in fact last week when we had the Federal Reserve decision come out their decision to maintain a more hawkish bearing in their commentary a more hawkish tone there was a reaction from the market the dollar was getting a pretty significant boost so we have shifted the taper timetable from March which is the leading consensus to now something that is more evenly distributed to potentially a December or January taper all right that has been a big dollar based pick up all right a shift in expectations that in turn has led to the dollar rallying which gave a lot of the momentum or contributed a lot to the momentum of the euro USD and pound dollar are two examples or two of our three examples however continuation and building up on that particular theme really depends on the bleeding consensus will we continue to see those expectations for a nearer term taper build or will they kind of adjust to whatever the information the data is that we have on hand and then stop in their tracks that's the kind of concern that we have right now but knowing that we have major event risk like the u.s. GDP figure and like the non-farm payrolls which can further illustrate or further define those expectations that is going to be something of a curb on momentum in other words we think of the bigger players in the market the people that have to manage billions upon billions of investors and deposits capital holdings do they want to expose themselves to major risk with the dollar in its exchange rate knowing that there is going to be these kind of event risks in the near future they don't trade for short-term scalping games they place their positions more for medium term swings knowing that this event risk is here is going to curb their interest in fact a lot of investors are likely to unwind risk unwind the recent build-up and exposure that they may have adopted notably here a possible dollar rally so seeing that we're in a correction seeing that unwinding of short-term dollar exposure and inherently lead to a rebound from the pound dollar in the euro dollar as well as other dollar base pairs all right now the euro dollar is an interesting one and this is where am i interested ee significant for the euro USD but it also illustrates very clearly what I'm looking at for the euro yen is the euro individually has its own exposure so this is applicable to all euro base pairs but it is certainly stronger for the risk themes on the euro yen and the Euro risk and fed themes of the euro USD because you have to remember that with the taper speculation we have a a band flow and risk-taking in general but from the Euro side of things we're looking at an ECB rate decision on Thursday and last week one of the big contributors for the euros rapid descent was a significant downturn and inflation data alright so the eurozone inflation figures came out to a substantial 0.7% annualized growth previously it was one point once is well below the ecb's target and offers them plenty of room to adjust monetary policy in order to accommodate other problems that they're having in the region like greases ongoing recession like Portugal still on shaky ground when it's supposed to soon re-enter the market all right they can answer a number of problems should they introduced a new stimulus program this is a risk it's not realized it's only a probability however knowing that that probability could be quite significant has led the Euro to a significant downturn but do you want to position yourself for let's say a rate cut from the ECB or a significant stimulus upgrade when it's still not be permanently common approach that they have taken over the past months there's potentially some correction to do here all right so when we're talking about to picking short-term bottoms top there is inherently a lower probability of success however when we're talking about major event risk that is naturally going to curb these kind of moves curb this momentum momentum that is necessary to reverse prevailing trends and to see risk aversion or to see the dollar really pick up and rally those are counter trends they need support they need momentum to really overcome those uncertainties all right so in turn we're just picking we're actually going along with prevailing beams not necessarily for the medium to long term we're just putting pull backs and dominant trends that are taking advantage of known event risk that much of the market is likely to respond to they're going to remove themselves from that risk and that can naturally feed into those dominant trends now of course this is not a sure thing nothing is in the market but this is the kind of circumstance that we can put together between technicals and fundamentals to know that there is a higher probability that these trades can actually work in our favor now as for how much we look for that's always going to be a consideration a concern we have major event risk on Thursday and Friday so inherently we would say from when the Monday evening where we're at right now into Tuesday and Wednesday we have considerable amount of time let's say we have approximately 48 hours maybe up to 72 but will we not necessarily find significant follow through on a bounce from the pound dollar or find follow through on a bounce from the cable will find a strong bounce from the Euro yen surely target the entire range one of the most famous sayings and one of the most accurate Bulls make money bears make money pigs get slaughtered right looking for the entire range is probably not going to work with the timeframe we have in the level of conviction this is probably going to be a move that is more associated to Ada leveraging of short-term exposure trying to those people that took advantage of the move to the downside like we did last week so it doesn't necessarily confer a strong follow through to the reversal a lot of people are not just going to build up long euro yen or long pound dollar positions because it's counter trend because that too will be curbed by the knowledge of the event risk ahead right so we're looking for more corrective moves which don't necessarily cover the entire range now of course all of these pairs all three euro dollar pound dollar and euro yen can all be undermined by a single fundamental theme if it 10 if it decides it wants to rear its head and that's risk trends if for some reason we see a meaningful risk aversion theme where the markets are simply de leveraging exposure because of something that was unforeseen the downdraft we would have in risk aversion would easily spill over into the US dollar sending dollar rallying as a safe haven currency and the yen crosses as expensive carry trades you can see how high the Euro yen is here will unwind as well along with all the other yen crosses so there is certainly exposure but seeing a market-wide risk risk reversal under the precepts that we do have major event risks that can tap into those wrists trends namely the feds taper timetable it will be a lower scenario probability this is why we talked about these concerns yet we have to plan for the most probable scenario all right so that was a little breakdown of picking tops or bottoms as we can see it on one hand but really what we're talking about is taking advantage of market conditions and technicals when they combine so take a look at these pairs take a look at the event risk and absolutely be aware of all the major event risk and themes that we have to that week good luck trading out there guys will do another fork strategy video tomorrow

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