Amazing Forex Strategy Without Technical Indicators


Amazing Forex Strategy Without Technical Indicators
By Krisman Situmorang

Amazing Forex Strategy is one of the most important tools for all traders but most of the writers or traders said that only few traders can make money from trading. Is that true? How can you lose money while there are so many tools which can help you beat the trading!.

If you are still new to the trading there is still chance for you to make a lot of money after reading this article. I’ll try to explain here the strategy you as long as you follow the rule. I will explain How to win Forex Without Technical Indicators.

Technical Analysis is the biggest aspect that influences the trader’s mind and decision when start trading. Thousands of indicators even strategies and tricks can be easily found in many forex forums but only few make money? Right. Why do you fail using technical indicators? The answer is because technical indicators can not beat NEWS or Fundamental Analysis.

Fundamental news may cause all your technical indicators or strategy not work, this is what so many traders forget when begin trading. They use technical indicators by not considering fundamental analysis.

Herewith we will try to take a look at fundamental / news affects to your trading. So if you feel that you always lose your money, try just to follow this simple method Every week there are some NEWS that will affect the price that you must know. They are:

1. NON FARM PAYROLL
2. TRADE BALANCE
3. INTEREST RATE STATEMENTS
4. DURABLE GOOD
5. PRODUCER PRICE INDEX
6. PPI excl. FOOD AND ENERGY
7. CONSUMER PRICE INDEX
8. CPI excl. FOOD AND ENERGY
9. TRICHET, BERNANKE, & FUKUI SPEAKS
10. UNEMPLOYMENT RATE

1.NON FARM PAYROLL
Remarks :
# Pip : 100 – 200 pips
# Country :
USA
# Currencies : all USD pair

2. TRADE BALANCE
Remarks :
# Pip : 70 – 120 pips
# Country :
USA
# Currencies : all USD pair

3. INTEREST RATE STATEMENTS
Remarks :
# Pip : >100 pips
# Country : ALL
# Currencies : all pair

4. DURABLE GOOD
Remarks :
# Pip : 50 – 100 pips
# Country : ALL
# Currencies : all pair

5. PRODUCER PRICE INDEX
Remarks :
# Pip : 50 – 60 pips
# Country : ALL
# Currencies : all pair

6.PPI excl. FOOD AND ENERGY
Remarks :
# Pip : 50 – 100 pips
# Country : ALL
# Currencies : all pair

7.CONSUMER PRICE INDEX
Remarks :
# Pip : 50 – 100 pips
# Country : ALL
# Currencies : all pair

8.CPI excl. FOOD AND ENERGY
Remarks
# Pip : 50 – 100 pips
# Country : ALL
# Currencies : all pair

9.TRICHET, BERNANKE, & FUKUI SPEAKS
Remarks
# Pip : 30 – 100 pips
# Country : E-12,
USA, & JPN
# Currencies : EURO, USD, & JPY

10.UNEMPLOYMENT RATE
Remarks
# Pip : 30 – 50 pips
# Country : ALL
# Currencies : all pair

All the above news can be seen in this following site, It is clearly explained what news to be released in the week and we have to bookmark this page to make us easier to look at the News everyday. There are many sites now providing traders with News that we have to bookmark.

How can we start trading the news?

TIPS 1 : NON FARM PAYROLL (NFP)
The Great in Forex Trading

Check your calendar news this month, you don’t have to take care of what news to be released. Just remember that Every Friday of each month the above news will be released at 12.30 GMT.

The effect of this news is really big (100 -200 pis) only in a few minutes. So lets try to put the TRAP against the price direction.

Strategy

– Before the news released, do not trade, but just be prepared to trade on Brit / USD.

– 30 minutes before the news, open your
– Metatrader (Your chart station) with 30 minutes chart.
– Look at current price.
– BUY STOP at 20 pips above current price,
(example current price is 1.9050, so you put BUY STOP at 1.9070)

– At the same time SELL STOP at 20 pips below current price, (example current price is 1.9050, so you put SELL STOP at 1.9030)

– Cancel one of them it the price starts touching the charts.

– Set Take profit 100 pips
– Set trailing stop 15.

Trading on this news once a month will make you profit at least 100 pips without technical analysis. What you want to see is the schedule for that news on every month of the first Friday.

For the other news you can do the same thing, and I am sure that every week you will make good profit without technical analysis that usually make traders confused and finally loose the trade.

Happy trading.


Krisman Situmorang

Article Source: http://EzineArticles.com/?expert=Krisman_Situmorang

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