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Average true range indicator for breakouts – video

November 28, 2009 By Raj Leave a Comment

This is a very interesting technique I learned from this video as I have never used ATR for forex trading. ATR measures the average true range of the top to bottom of what you can see in terms of that currency pairs range for that time frame.

The author of this video explains how to use this indicator for break outs. According the author of this video Average True Range indicator can be used to find healthy breakouts.

The author also explained an example of ATR for 2007 USDCAD currency pair.

The author explained the use of ATR on a daily chart. Since it is explained on a daily chart he also recommends staying in the position opened for a long time like a couple of weeks.

The author explained that if a break out occurs after a period of consolidation in daily chart and if the gain in the average daily range is more than 10% that means its a perfect breakout. That means the pair may move a large number of pips like 500 pips or 1000 pips in the same direction.

Check the following video.

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Average directional index video

November 28, 2009 By Raj 1 Comment

Average directional index(ADX) is also called average directional movement index(ADMX).

This is an indicator for determining the strength of a prevailing trend.

ADX is measured on a scale from 0 to 100.

There are three lines in this indicator. One line represents the positive directional index and another line represents the negative directional index and the third one represents the strength of the trend.

This video shows you how to use this indicator for forex trading.

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Alligator Indicator Videos

November 28, 2009 By Raj Leave a Comment

This is a video series consisting of two videos that shows you what is an alligator indicator and how to use it for forex trading.

This video also shows you What are the entry singnals and exit signals using this alligator indicator.

This video also explains how to apply this indicator to the metatrader.

Alligator indicator is made up of with three smooth moving averages and not exponential moving averages.

When these moving averages are together which means there is no trend. When the alligator moving averages are far apart that means there is a trend.

Alligator Indicator Video 1:

Alligator Indicator Video 2:

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Relative Strengh Index – RSI – video

November 22, 2009 By Raj Leave a Comment

This video shows you how to use Relative Strenght Index – RSI indicator. This video also shows you how to find out the false break out signals and genuine overbought signals. It also explains you how to look at the step parameters like 8, 14 etc and the percentage bands, if your are using 20 – 80 and 30 – 70 and the critical differences between them and using those to help you identify trade set ups.

The default step parameter for RSI is 14 and if you change it to a lower number you will get more overbought or oversold signals but this  involves higher risk. If you have a larger step parameter you will get less number of signals but with less risk. The author of this video recommends a higher step parameter for the RSI indicator and percentage bands of 20 and 80 because even if it results in lesser number of signals they are very strong and good signals. Check the RSI video.

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Commodity channel index video series

October 31, 2009 By Raj Leave a Comment

Commodity Channel Index also called CCI and is a momentum indicator. This can be used to find the overbought and oversold levels in forex trading or to identify conditions of a trend. This video shows the basics of Commodity Channel Index like what is CCI, what are the levels in CCI, how to use these levels to identify the overbought and oversold levels, how to find the conditions of a current trend etc.

CCI Part 1:

CCI Part 2:

CCI Part 3:

CCI Part 4:

CCI Part 5:

CCI Part 6:

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Pivot points basics in forex trading

October 31, 2009 By Raj Leave a Comment

Pivot points is a very important concept that a very few forex traders use to calculate current day’s support and resistance values using previous days trading range like high, low and close values. Not only for daily resistance and support lines but forex traders also use the weekly and monthly trading ranges (last weeks high, low and close values to calculate the weekly pivot points and last months high, low and close values to calculate the monthly pivot points). In this video the basics of pivot points like what are pivot points, how to calculate them, why to use pivot points, different methods of calculating pivot points, common method of calculating pivot points etc are shown. In this video a technical indicator is also shown to calculate pivot points dynamically instead of manually.

The most common method of calculating pivot points is using a 5 point system. The 5 points are pivot line, support 1, support 2, resistance 1 and resistance 2. This video shows how to use this method to calculate pivot points.

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Support and Resistance lines in Forex Trading

October 31, 2009 By Raj Leave a Comment

This is a basic video on how you can use support and resistance lines in forex trading. A forex technique called horizonal line approarch is explained in this video. No examples are given in this video but you can see how the author uses the technique. This video is explained on a paper.  When you want to enter forex trading, the author explained where you should enter the market using this technique. Watch to the end of the video to see about the candlestick formation called “pin bar” to enter the trading.

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How to use metatrader for forex trading

August 22, 2009 By Raj Leave a Comment

This is a video tutorial on how to use forex metatrader platform. This tutorial contains 3 videos which give you enough idea on how to use this forex platform.

These tutorials cover different features of the forex metatrader platform like all the controls, buttons, custom features, time frames, navigation bar, the trading terminal to trade and manage trades are explained.

Tutorial 1:

Tutorial 2:

Tutorial 3:

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Fibonacci Forex Trading – Forex Video

August 21, 2009 By Raj 4 Comments

This is a forex video collected from youtube. This video shows how to use Fibonacci methods to trade in forex market. Fibonacci levels are used by many traders in forex to find the entry points of the market. These levels can be used alone or they can be combined with any other techniques like candlesticks etc. This technique can be applied from 5 min chart to daily charts. This video shows how to drwa the retracements, when and where to enter the forex market, where to put the stoploss where to put the profit targets. A very good video.

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