Malacca

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Transcript of Malacca

Page 1: Malacca

•• Learn to trade 003 [abstract]• Tpsl analysis-- clear view before trade[scalper + intra day tool]• probability you get to your stop loss before your take profit.[habit before u trade]• Hedging [lower risks.higher profit]both sides. Buy price does not reach target so if going

sell side[hedge at particular time] do not close trade until it reaches target] 27 pips on up. New hedge 27 pips down. No need stop loss 4 hedge.[accumulation and profit release phase]?

• Long term for leading indicators• set up entry and exit based on clear view. Exit is automatic• if u set up for 100 pips, your fall back is 20 pips. If rise chaser does the work. If down u

then need to set up your fallback correctly• you u double up your trade or hedge.can we squeeze more profits• if your call is closing target, use clearview to make on the otherside.• Jive technical with news conditions• channels range trading /breakouts[use bar density analysis• skewness• if market does not know where it is going, do range trading• fibonacci and elliot waves oscillators. But the main ones mean average, support resistance,

candle sticks and pivot points and price indicator he uses.fibal levels?• relationship of indicators with different currencies are important• Trading 104

market timing • is the breathing of each instrument a segment of the market or th• what to look for in timing--- instrument conditions, pair correlations, market conditions

market to instrument correlation, market sychronisation•

• currency correlation. Eg nz/aus• market to instrument correlation

Instrument conditions

clear view shows friction levels—easier to go up[12pips from current level as less friction than down for example?[all based on historical data]tradability. Risk/reward ratio. Is it worth the tradesleeping beauties/saucer formation. Doji, testing support, no brainer riser.Formation deltas between pairs. -delta is difference between the two and predict patterncross currency hedging cross currency arbitrage when currency pairs not synchronised.Dont trade weekendsformation deltas[difference between pairsnews that may affect that currency vs tradable currencylook for unsynchronised pairs. Look for the hole between the pairs

market correlation /synch overall synchronisation between pairsmarket conditions are things movingmarket favours your currency of choice for tradinggenerally used for scalping and intraday onlybefore entering a trade, view current spread.[11 pips] so scalping 16 pips not worthwhile,

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though idea is right, u must consider spread[quick order] so u were going to do 15 pips for 15 pips---not worth it.When looking to uptrend, why a sudden reversal, are there any news?

Trading 105 hedging part 1 a master of hedging will not lose over time

hedging comes from the stock market, where a sell order[short is a sell in stocks] can be opened while the original buy order remainsin essence the buy and sell cancel each other. For every pip the buy is losing money, the sell is winning the amount lost [and the other way]the idea of hedging is simply an insurance policy in case things go against the trade you make. So if you buy and the rate went down, you would hedge with a sell and u minimise any further losses since each pip movement cancels -outin us. U cannot hedgepractice hedging on demo. I imagine a clear understanding of the dynamic of the marketfinancial institutions use hedging on a regular basis to minimise risk and stabilise portfoliostiming of closing one side of the hedge is most important aspectwhen time properly hedging can produce better resultsbinary profits are possible its all about timing and money managementlower riskbreakout spikes and falling knives yield profits in most casesone side hits the stop loss while this is the profitthe cancelled profits are only those until the breakouttpsl the tighter you profit stop loss ratio, the more money u makehedging only way to remain in positivehedging should compound wins over time against losses to a substantial margin.Make sure instrument provides volatility to at least one direction triangles breakous support resistance formation and indicatorsby timing trades properly u can minimise original stops and dramatically cut the lossesbuy two lots of e/u 100 pips [2:1 TP/SL] sell 1 lot of e/u/ 100 pips [2:1 tp/sl]in ranges you can hedge and win of spikes on both ends. Entry is the mid point of the range [allow for actual trend] . Can win if there is a breakout [due to good tp/sl]signal services does not give a time frame and strategy behind signal. It is long term.

Forex trading strategies profit chaser basics and setup Profit chaser is when u have a stop loss then as we go up always remain within the boundary of the pip difference. Start 94 and for every 10 pips, and get closer to that new high by one pip . Trailing stop 93. 94 we want profit chaser to chase new high. Every 10 pips go up, the trailing stop will become higher and higher. Goes 97. is 300 pips worth. We capture 1 pip for every 10 pip movement,. Or u can can command that the stop does not go within 30 pips from the price position