Posts Tagged ‘o’
Saturday, August 15th, 2009
by Ahmad Hassam
Forex markets are open 24 hours a day, five days a week except on weekends. You cannot sit in front of your computer screen all the day watching the markets move. Currency traders use market orders to catch market movements when they are not in front of their screens. A market move is just likely to happen while you are asleep or in the shower as while you are sitting in front of your computer screen.
There are many types of market orders. Proper use of market orders is very critical to your trading success. You should think of the different types of market orders as trades waiting to happen. You are in the market so be as careful as possible while playing with the market orders if you enter an order and the subsequent price action triggers its execution. Trading can be very difficult without these market orders.
Experienced currency traders routinely use orders to implement a trade strategy from entry to exit, capture sharp short term price fluctuations, limit risk in volatile or uncertain markets and preserve trading capital from unwanted loss. Market orders are essential for maintaining trading discipline.
Forex markets can be notoriously volatile and difficult to predict, using market orders can help you capitalize on short term price movements while limiting the impact of any adverse price movements.
If you dont use market orders, you probably dont have a well thought out trading plan. While there is no guarantee that the use of market orders will limit your losses and protect your profits in all market conditions, a disciplined use of market orders will help you quantify the risk that you are taking. It will also give you the peace of mind in trading.
A number of different types of market orders are available to currency traders in forex markets. You should add the market orders to the list of questions you need to ask the broker when you open an account with a forex broker because you should know that not all market orders are available at all online forex brokers.
Take Profit Orders: An old market saying, You cant go broke taking profits. Use the take profit order to lock in profits when you have an open position in the market. Suppose you are short EUR/USD at 1.2354. Your take profit order will be to buy back the position and be place somewhere below 1.2334 making a profit of 20 pips. If you are long GBP/USD at 1.8845, your take profit order will be to sell the position somewhere higher close to 1.8875.
Limit Orders: Dont forget the saying, Buy low and sell high. A limit order is any market order that triggers a trade at more favorable levels than the current market price. If the limit order is to sell then it must be placed somewhere above the current market price. If the limit order is to buy, it must be entered somewhere below the current market price.
About the Author:
Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Know
Forex Scalping. Learn
Forex Trading!
Tags: b, betting, business, business;finance, c, credit, currency trading, d, debt, e, f, finance, forex, g, gambling, i, investing, investment, mutual funds, n, o, p, poker, r, real estate, retirement, stock trades, stocks, trading, u, w, wealth building
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Friday, August 14th, 2009
by Ahmad Hassam
Moving Average Convergence Divergence (MACD), pronounced Mac Dee, is the difference between the 26 day exponential moving average and 12 day exponential moving average. On top of MACD, a 9 day exponential moving average called the signal line or a trigger line is plotted to show buy/sell opportunities.
You can use MACD in three ways: Crossover, overbought/oversold conditions and divergences. In wide swinging markets, MACD proves most effective. When MACD falls below the signal line, the basic rule is to sell. Similarly, when MACD rises above the signal line and cuts it from below, it is a buy signal.
MACD is also very useful in telling whether the market is overbought or oversold. When the shorter moving average pulls away from the longer moving average, it is likely the price has overextended itself and it will comeback to the realistic levels.
An indication that an end to the current trend may occur soon is when MACD diverges from the currency pair. A bullish divergence occurs when the MACD is making new highs but the currency price fails to reach those highs and a bearish divergence occurs when MACD is making new lows and the currency price fails to reach those lows.
Momentum is an oscillator that indicates the rate of price change not the actual price level and it is the net difference between the currency pair closing price and the oldest closing price from the predetermined period. The signal is triggered when the oscillator crosses the zero line. The more responsive the momentum oscillator will be to the short term price fluctuations, the shorter the number of days included in the calculations.
Another important technical indicator is the Relative Strength Index (RSI). It indicates a markets current strength or weaknesses depending on where the prices close during a given period. RSI is plotted on a scale of 01-100. A buy signal is triggered when RSI moves up from the lower band above 30. Similarly, a sell signal is triggered when RSI moves down from the upper band and comes down below a level usually set at 70.
Rate of Change (ROC) is another version of momentum oscillator is calculated by dividing the current closing price with the oldest closing price instead of subtracting the oldest closing price from the current closing price as in the momentum oscillator. It is sometimes used.
One of the most popular indictors is the Volume Indicator. It is used to show the strength of an up or down movement. A movement accompanied by an increasing volume is more likely to continue strongly than a movement accompanied with decreasing volume.
Many traders use volume indicator as their only technical indicator in trading. Other traders use it in conjunction with price charts and fundamental analysis like economic news and geopolitical news. It gives entry and exit signals and helps in overall trading. The Volume Indicator is a great source of confirmation. You should learn to use these technical indicators. You should become comfortable in using them. Every trader has his/her own favorite technical indicators. Use them to discern trends on different currency pairs and time intervals.
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading and swing trading stocks and currencies. Trade
Dow Futures. Learn
Forex Trading.
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Friday, August 14th, 2009
by Scott Edwards
To make a change to your life you have to plan to make the change or it won’t happen. Planning for a successful outcome is the basic requirement of any endeavour. When Sir Edmund Hillary conquered Mount Everest, he wasn’t out for a stroll and all of a sudden found himself at the summit!
Look at the target weight you want to hit, and set milestone goals along the way. Goals, or targets that stretch you somewhat are vital for consistent effort. An end goal, with mini-goals timed along the way will assist you greatly. Always specify your targets clearly.
Make a personal contract based on the following 5 D’s to immerse yourself in the positive outcome of your weight management. This contract should be written down, and signed. Define (what you want out of it) e.g. The exact figure, attitude, lifestyle etc. Be specific about the things you’re looking forward to, the kind of look you want, the sort of sports you’ll be able to play and the type of lifestyle you’ll have.
The thing that really moves us to action is desire. Find something that you really want to achieve from your weight loss. Is it to prove to yourself or others that you can do it, and that you deserve a better life? Perhaps you want to be fitter, or maybe it’s a personal challenge.
And so to Dedication; the commitment to your task… Set aside ‘official’ working-out times to help you commit to them. This prevents you from thinking about other things that you could be doing.
It helps to establish a routine, which in turn helps you to remain committed. Establishing your timetable helps you cope better mentally. It’s mentally easier for you too, because you don’t feel tempted to do other things.
The purpose of a contract is to have written evidence of your Determination. It helps having a physical document that is there for all to see. Finally, a Disciplined individual will have the strength to cope with set-backs. Obviously there will be knocks along the way, but a well planned regime will bring structure to your weight loss efforts.
Once you’ve done this, sign your contract and do not put it away in a drawer. Write down your goals in a specific and realistic manner, then work diligently and consistently to achieve them. Your successful weight loss regime will depend on it.
Tags: a, advice, b, business, d, diet, e, ecommerce, education, f, fitness, food, h, health, hobbies, home, m, marketing, n, o, online, p, personal, s, sale, self improvement, shop, store, t, u, Uncategorized, w, web
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Friday, August 14th, 2009
by Jason Kendall
CompTIA A+ computer training comprises of 4 specialised sectors - you’ll have to qualify in 2 different areas to be A+ competent. Because of this, many training establishments only offer two of the four in the syllabus. To us, this isn’t enough - yes you’ll have qualified, but knowing about the others will give you a distinct advantage in industry, where you’ll need a more comprehensive understanding. This is why you should train in all 4 specialities.
Passing the A+ exam by itself will allow you to repair and fix computers and Macs; ones that are generally not connected to a network - which means the home or small business market. If your ambition is taking care of computer networks, add the very comprehensive CompTIA Network+ to your training package. This qualification will mean you can get a higher paid position. You may also want to consider the Microsoft networking qualifications (MCP, MCSA and MCSE).
Quite often, students have issues with one area of their training which is often not even considered: The method used to ’segment’ the courseware before being physically delivered to you. Usually, you’ll join a programme requiring 1-3 years study and get sent one module each time you pass an exam. It seems to make sense on one level, but consider these issues: Many students find that their providers usual training route isn’t as suitable as another. Sometimes, varying the order of study will be far more suitable. Could it cause problems if you don’t get everything done in the allotted time?
To be honest, the best option is to have a copy of their prescribed order of study, but make sure you have all of your learning modules right from the beginning. Everything is then in your possession should you not complete it at their required pace.
Any program that you’re going to undertake must provide a nationally (or globally) recognised accreditation as an end-goal - and not some unimportant ‘in-house’ printed certificate to hang in your hallway. All the major commercial players like Microsoft, Adobe, CompTIA or Cisco all have nationally renowned skills courses. Huge conglomerates such as these will make sure you’re employable.
You’ll come across courses which guarantee examination passes - inevitably that means paying for the exams before you’ve even made a start on the course. Before you jump at guaranteed exams, be aware of the facts:
Thankfully, today we tend to be a little more ‘marketing-savvy’ - and most of us realise that of course we’re actually paying for it - they’re not just being charitable and doling out freebies! Students who take each progressive exam, paying for them just before taking them are much better placed to get through first time. They’re conscious of their spending and revise more thoroughly to be ready for the task.
Go for the best offer you can find at the time, and keep hold of your own money. In addition, it’s then your choice where to sit the exam - so you can find somewhere local. Buying a course that includes payments for examinations (and interest charges if you’re borrowing money) is madness. It’s not your job to boost the training company’s account with additional funds only to please their Bank Manager! Many will hope you won’t get round to taking them - but they won’t refund the cash. The majority of organisations will insist that you take mock exams first and prohibit you from re-taking an exam until you’ve completely proven that you’re likely to pass - which actually leaves you with no guarantee at all.
On average, exams cost around the 112 pounds mark twelve months or so ago through Prometric or VUE centres around the United Kingdom. So don’t be talked into shelling out hundreds or thousands of pounds more to have ‘an Exam Guarantee’, when any student knows that the best guarantee is a regular, committed, study programme, with an accredited exam preparation system.
We can guess that you’re a practical sort of person - a ‘hands-on’ personality type. Usually, the painful task of reading endless manuals is something you’ll make yourself do if you have to, but it’s not ideal. So look for on-screen interactive learning packages if books just don’t do it for you. Memory is vastly improved when we use multiple senses - educational experts have expounded on this for decades now.
The latest home-based training features interactive discs. Instructor-led tutorials will mean you’ll take everything in through the expert demonstrations. Knowledge can then be tested by practicing and interacting with the software. Every company that you look at should willingly take you through some simple examples of the type of training materials they provide. You’re looking for evidence of tutorial videos and demonstrations and a variety of interactive modules.
It’s unwise to opt for on-line only training. Because of the variable quality and reliability of all internet service providers, it makes sense to have actual CD or DVD ROM’s.
Looking at the myriad of choice out there, is it any wonder that most potential career changers don’t really understand the best career path they will enjoy. As without any commercial skills in IT, how should we possibly understand what a particular job actually consists of? Ultimately, an informed answer will only come via a thorough analysis of many varying factors:
* Personality factors as well as your interests - which work-oriented areas you enjoy or dislike.
* What length of time can you allocate for your training?
* Where do you stand on salary vs job satisfaction?
* Considering the huge variation that computing encapsulates, you’ll need to be able to absorb what’s different.
* What effort, commitment and time you’ll put into the training program.
Ultimately, your only chance of understanding everything necessary is through a long chat with an advisor or professional who has enough background to provide solid advice.
Tags: a, advice, b, business, c, career, computer, e, ecommerce, education, g, games, h, hobbies, home, m, marketing, money, n, o, s, sale, self improvement, shop, software, t, technology, u, Uncategorized, w, web, work
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Friday, August 14th, 2009
by Ahmad Hassam
Cross currency pairs are as important as the major currency pairs that involve USD on either side of the transaction. The most active traded crosses focus on the three non USD currencies namely EUR, GBP and JPY. These crosses are known as the euro crosses, sterling crosses and the yen crosses. The most actively traded cross currency pairs are: EUR/GBP, EUR/JPY, GBP/JPY, AUD/JPY, EUR/CHF, and NZD/JPY. Sometimes you will find more action in the cross currency pairs. Crosses enable currency traders to directly target trades to specific individual currencies to take advantage of news or events.
You may notice that the currencies are combined in a seemingly strange way when you look up at the currency pairs. For instance, if sterling-yen (GBP/JPY) is a yen cross, why it is not being also referred to as yen-sterling (JPY/GBP)? The answer is that those quoting conventions were evolved over the years. These conventions have been designed to reflect traditionally strong currencies versus traditionally weak currencies with the strong currency coming first.
The most basic convention that you need to understand is that the first currency in the currency pair is known as the base currency. For example in EUR/JPY, Euro is the base currency. Suppose you buy or sell a currency pair. It is the base currency that you are buying or selling when you buy or sell a currency pair. The second currency in the pair is known as the counter or secondary currency. In the above currency pair, Japanese Yen (JPY) is the counter or secondary currency. So if you buy 100,000 EUR/USD. You have just bought 100,000 Euros and sold the equivalent amount in dollars.
Therefore you can say currency trading involves simultaneously buying and selling. Going long in currency trading means having bought a currency pair! When you are long, you are looking for the prices to go higher. You want to sell at a higher price from that where you bought. It will make you a profit. If you are long and the price goes down, you will make a capital loss.
In currency trading, going short means selling a currency pair! In other words, you have sold the currency pair, meaning you have sold the base currency and bought the counter or secondary currency. You go short in anticipation of the price going further down when you anticipate the price of a currency pair going down. This will make you a profit later when you exit your position by going long. Unlike stock trading where you had to observe the up tick rule before you could go short. In currency trading there is no such rule. In currency trading going short is as common as going long.
If you have an open position and you want to close it, its called squaring up. If you are short, you need to buy to square up. If you are long, you need to sell to go flat. Selling high and buying low is the standard currency trading strategy. Having no position in the market is known as being square or flat.
Profit and Loss is how traders measure success and failure. A clear understanding of how P&L works is especially critical to online margin trading. When you open an online currency trading account, you will need to pony up cash as collateral to support the margin requirements established by your broker.
Profit and Loss calculations are pretty straight forward and are based on position size and the number of pips you make or lose. A pip is the smallest increment of price fluctuation in currency pairs. Pips are also referred to as points. Most of the currency pairs are quoted up to four decimal places. Suppose EUR/USD quote is 1.2853. If the price moves from 1.2853 to 1.2873, it has gone up by 20 pips. Pip is the increase or decrease in the fourth decimal digit.
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Learn
Currency Trading. First Trade Your
Forex Demo Account!
Tags: b, betting, business, business;finance, c, credit, currency trading, d, debt, e, f, finance, forex, g, gambling, i, investing, investment, mutual funds, n, o, p, poker, r, real estate, retirement, stock trades, stocks, trading, u, w, wealth building
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Thursday, August 13th, 2009
by Scott Edwards
We all know people who appear to sail through life, happily moving from one success to the next. By contrast, there are others who never quite make it, and always have a reason why life has dealt them a hard blow. Society is made up of victors and victims, and the difference can very often be boiled down to one key factor - attitude.
When embarking on a slimming regime, it’s critical to take on the outlook of the victor to get your result. Victims attempt actions over-cautiously, hoping for good things, but never really feeling they’re worthy of great results. However a victor has already visualised his or her success mentally before the reality catches up.
Picture two sportsmen preparing for the final match: The first says “It’s my final chance - I’ll give it what I can,” but the second says “It is my Destiny to WIN.” Guess who’ll win the tournament?
The definition of a victor is someone who has taken ownership of their undertaking, and is accountable and responsible for carrying it out - ‘O-A-R’. The definition of a victim on the other hand is a person who always blames others, makes excuses and denies any responsibility ‘B-E-D’.
Not relying on others, but taking ownership of the job is a strong characteristic of a victor. He’s liable for his actions, and so he takes account of them (seeing things through by dealing with problems not making problems). He’s responsible for the results of his actions, and so doesn’t take excuses from himself.
However, as far as the victim is concerned, it’s never his fault when he doesn’t achieve. He can always find fault with another person - as if that person was in control, not him. He always makes excuse for his lack of performance, but the only person he’s persuading is himself. After repeating this cycle of excuses and blame for a while, the victim is in denial. He’s absolutely convinced that there isn’t anything he can do to change things.
Individuals who are considering starting a new diet regime should first address their attitude. Anybody whose thinking is in line with the attitude of the victim must address their issues before they get going, to fully take hold of their weight loss possibilities.
Continual positive repetition will change a victim’s attitude to that of a victor. Listen to the voice inside your head - if it sounds like a victim, then stop it and verbalise why you can succeed. Nobody else is superior to you - some have just conquered their victimisation thinking and achieved their success.
We’re not victors from the day we’re born - we become a victor by working on our attitude. By adopting a positive ‘can-do’ attitude, any weight-loss goals we set ourselves are achievable.
Tags: a, advice, b, business, d, diet, e, ecommerce, education, f, fitness, food, h, health, hobbies, home, m, marketing, n, o, online, p, personal, s, sale, self improvement, shop, store, t, u, Uncategorized, w, web
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Thursday, August 13th, 2009
by Jason Kendall
You should feel pleased that you’ve made it this far! A small number of workers claim contentment with their job, but most of us complain to each other and take no action. By looking for this it’s probable that you’re finding out about training, so you’ve already stood out from the crowd. Now you just need to research and follow-through.
On the subject of training, it’s important that you have in mind your expectations from the position you’d like to train for. Be sure that you would be more satisfied before you put a lot of energy into changing the direction of your life. So much better to look at the destination you’re hoping for, to avoid disappointment:
* Would you like lots of contact with people? If so, do you want a team or do you want to meet lots of new people? Or are you better working in isolation?
* What criteria are important to you with regard to the industry you’ll be employed in?
* How long a career do you hope to have once retrained, and will the industry give you the confidence that will happen?
* Will this new qualification allow you to find new work easily, and stay employable until you wish to retire?
It’s important that you consider IT - it’s no secret that it’s developing all the time. IT isn’t all techie geeks gazing at their PC’s the whole time - of course those jobs exist, but the majority of roles are carried out by ordinary people who earn considerably more than most.
Consider only study courses that lead to commercially accepted exams. There are loads of trainers pushing unknown ‘in-house’ certificates which aren’t worth the paper they’re printed on in the real world. Only properly recognised examinations from the major players like Microsoft, CompTIA, Cisco and Adobe will have any meaning to employers.
We can guess that you’ve always enjoyed practical work - the ‘hands-on’ person. If you’re like us, the unfortunate chore of reading reference guides can be just about bared when essential, but you’d hate it. So look for on-screen interactive learning packages if you’d really rather not use books. Many studies have proved that we remember much more when we involve as many senses as possible, and we get practically involved in what we’re studying.
Learning is now available on CD and DVD discs, so everything is learned directly from your own PC. Video streaming means you are able to see your instructors showing you how it’s all done, with some practice time to follow - with interactive lab sessions. It’s very important to see some example materials from each company you’re contemplating. It’s essential they incorporate video demo’s and interactive elements such as practice lab’s.
Purely on-line training should be avoided. You want physical CD/DVD ROM course materials where offered, so you can use them wherever and whenever you want - it’s not wise to be held hostage to a good broadband connection all the time.
A useful feature offered by some training providers is a Job Placement Assistance program. It’s intention is to steer you into your first IT role. Don’t get caught up in this feature - it isn’t unusual for their marketing department to overstate it’s need. At the end of the day, the still growing need for IT personnel in Britain is what will enable you to get a job.
Help with your CV and interview techniques is sometimes offered (if not, see one of our sites for help). Be sure to you work on your old CV immediately - don’t wait until you’ve finished your exams! Quite frequently, you’ll land your initial role whilst you’re still studying (sometimes when you’ve only just got going). If your course details aren’t on your CV (and it’s not being looked at by employers) then you aren’t even in the running! The most efficient companies to help you land that job are normally specialist locally based employment services. Because they only get paid when they place you, they have more incentive to get on with it.
Certainly make sure you don’t spend hundreds of hours on your training and studies, just to give up and leave it up to everyone else to sort out your employment. Stand up for yourself and start looking for yourself. Channel as much energy and enthusiasm into securing a good job as you did to gain the skills.
At times people don’t comprehend what IT means. It’s stimulating, innovative, and means you’re doing your bit in the gigantic wave of technology affecting everyones lives in the 21st century. We are really only just starting to understand how this will truly impact our way of life. The way we communicate and interact with everyone around us will be inordinately affected by technology and the web.
Should lifestyle be high on your list of priorities, you’ll be pleasantly surprised to hear that the regular income for the majority of IT staff is much higher than with other market sectors. Apparently there is no end in sight for IT industry development throughout this country. The sector is still growing enormously, and as we have a significant shortage of skilled professionals, it’s highly unlikely that it will even slow down for years to come.
A lot of training companies will only offer support available from 9-6 (office hours) and sometimes later on specific days; most won’t answer after 8-9pm at the latest and frequently never at the weekends. Avoid, like the plague, any organisations who use call-centres ‘out-of-hours’ - with the call-back coming in during office hours. It’s not a lot of help when you’ve got study issues and need an answer now.
Top training companies have many support offices across multiple time-zones. An online system provides an interactive interface to join them all seamlessly, at any time you choose, help is at hand, without any problems or delays. You can’t afford to accept anything less. Direct-access 24×7 support is really your only option when it comes to computer-based courses. Perhaps you don’t intend to study during the evenings; but for the majority of us however, we’re at work when traditional support if offered.
Tags: a, advice, b, business, c, career, computer, e, ecommerce, education, g, games, h, hobbies, home, m, marketing, money, n, o, s, sale, self improvement, shop, software, t, technology, u, Uncategorized, w, web, work
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Thursday, August 13th, 2009
by Sheryl Bocelli
Trading is the focal point of the business and learning how to read the stock market signals and symbols are very important for one to understand the lingo of the industry. It may involve buying or selling of stocks to be executed in a certain sector of a marketplace where products offered come in the form of stocks, bonds, securities, and many more which are usually intangibles. For a simplistic view, all these goods or products offered in the marketplace are popularly referred to as stocks, actually refers to ownership rights in a company. The exchange market covers various sectors and has various commodities to consider and be familiar with.
Stocks play a vital role and produces considerable impact to the status of the company owning them. In reality, the stock market is the physical representation and reflection of the recent condition of the economy. Whatever is the status of the economy always affects the exchange business. The industry is one kind that is among the first to be affected always in any economic change due to price fluctuations of commodities at stake.
The valuable indicators that can influence players of the exchange in executing their trade moves are reflected on these trading tools. The techniques which are involved in charting vary for each trader or investors ease and convenience which is always relative to any trader or investor. Any trader or investor in this business is presumed to understand and know how to read the stock market charts, the most important trading tools.
Any type of chart is important for technical analysis and very influential in creating execution strategies on the trade floor. It is of utmost necessity for a trader or investor to learn how to read the stock market chart in order to understand the dramatic changes of the exchange. Charting is an art that can be developed into a skill by any good trader.
Charting is an opportunity you can avail to practice and learn online. If you want to perfect your charting skills, you can check on websites that provide free charts for your practice online and analysis. You will be confronted with the names, numbers, codes, signals and symbols of the stock screens for in that way you learn how to read the stock market.
About the Author:
How to Read the Stock Market? This is a question anyone should know about to be able to gain more profits and lesser losses in the Stock Market. As you can see the stock market is variable, or say, changeable and would need an expert to be able to distinguish when it is the right time to trade. Simply visit this site at
www.tradestocksamerica.com to know more about it.
Tags: a, b, brokerages, business, business;finance, c, commodities and futures, e, h, how to read the stock market, investing, m, marketing, o, r, research and analysis, s, sale, stocks and bonds, t, technical analysis, trading systems
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Wednesday, August 12th, 2009
by Ahmad Hassam
Hanging Man & the Hammer: The hammer or the hanging man is identified by the small candle that appears at the very top of the pattern! There is usually a pretty long wick at the bottom. If you see this pattern at the bottom of a downtrend, you are looking at a hammer. If it appears at the top of the uptrend, it is considered a hanging man.
You wouldnt trade on it if the opening price on the next trading day is higher than the hammers close if a hammer appears in a downtrend. Similarly, you wouldnt trade on it unless it is confirmed the next day with an opening price lower than the previous close, if you think you have a hanging man appearing in an uptrend.
Double stick patterns depend on two days. The first day is called the set up day. The second day is called the signal day. If you put in the time and effort to monitor them, these patterns can be very powerful and profitable. Compared to single stick patterns, double stick patterns are difficult to come by and rarely appear.
Engulfing Pattern: Engulfing candlestick pattern can be bullish or bearish! The name comes from the fact that the signal day engulfs the pattern day. Both the wick and the body of the second day completely cover the same ground as the first day. The first double candlestick pattern is the bullish engulfing pattern. The setup day candle should be bearish. The signal day candle should be bullish bigger than the last day bearish candle. Likewise the bearish engulfing pattern signals the end of an uptrend.
Harami: A Harami is a two day candlestick pattern with the candle of the setup day longer than the candle of the signal day. Harami pattern can also be bullish or bearish. The first day is very bearish and occurring in a downtrend in case of a bullish Harami. However, on the second day bulls take over. This signals reversals of a downtrend that culminated in a downtrend. Likewise, a bearish Harami signals end of an uptrend.
Bullish Harami Cross: Bullish Harami Cross is a special variant of the Harami. It involves a Doji pattern and should always be considered an indicator of the potential reversal. Bullish Harami Cross appears during a downtrend. Its setup date is a black long candle. Its signal day is a Doji.
Inverted Hammer: A bullish inverted hammer pattern occurs in a downtrend. The first day is a bearish candle. The signal day is an inverted hammer. The inverted hammer is a fairly rare pattern. Inverted hammer can be bullish or bearish.
Doji Star: A Doji Star can be bullish or bearish. The bullish doji star is very similar to a bullish inverted hammer. It occurs in a downtrend and signals that the bulls have had enough. A bullish doji pattern is a two day pattern with the doji appearing on the signal day during a downtrend. Likewise, a bearish doji star indicates end of an uptrend.
Meeting Line: This pattern is another signal that a trend reversal is about to take place. In case of a bullish meeting line, the setup day is a long black candle and the signal day is a long white candle.
Piercing Line: A piercing line can be bullish or bearish! The bullish piercing line consists of a long black candle on the setup day followed by a long white candle on the signal day. The open of the signal day should be lower than the low of the setup day. Likewise, in case of a bearish piercing line a white candle is followed by a black candle.
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies. Know The
Candlestick Patterns. Learn
Forex Trading!
Tags: b, betting, business, business;finance, c, credit, currency trading, d, debt, e, f, finance, forex, g, gambling, i, investing, investment, mutual funds, n, o, p, poker, r, real estate, retirement, stock trades, stocks, trading, u, w, wealth building
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Wednesday, August 12th, 2009
by Scott Edwards
We love to read books and magazine articles about how the rich acquired their wealth. We learn that it’s not that they didn’t experience tough times, but that they didn’t allow the tough times to dominate their thought processes. Positive belief is paramount - there are no two ways about it!
Adopting this focus whilst working on a slimming regime will make all the difference. You’ll reach your goal so much sooner with the right attitude. An optimistic outlook introduces all sorts of achievement-oriented circumstances. But being down-beat and uncertain won’t reap the rewards.
We all have an automatic ‘device’ in our brains, known as our reticular activation system. This system is responsible for everything we focus on. Over time, a myriad of thoughts and experiences have shifted from the front to the back of our minds - as we store all our previous experiences in the sub conscious bit, or the back so to speak.
The reticular activation system trawls the subconscious each time we need to retrieve information. It presents our conscious mind with relevant thoughts and experiences from our past.
As a result, when we’ve fed our sub conscious with buoyant, optimistic communications, we can expect those to be reciprocated. And yet the reverse is true when our sub conscious has been bombarded with negative.
Achievers, it would appear, are able to manipulate the messages streaming through to their sub-conscious minds. They do this by choosing exactly what the conscious mind sends, thereby programming their RAS. This makes it an essential instrument for achieving goals, as the sub-conscious mind can’t distinguish between what’s real and what isn’t.
As a result, we should build a precise illustration in our head of the results we want to achieve. This will then pass on to our subconscious via the RAS - and help us to achieve our goal. All because the positive, meaningful material is brought into focus, and not left ‘lost’ in the background.
According to the author Napoleon Hill, if we focus positively on any practical goal, we can achieve it. Conversely, our subconscious will help us not to achieve a goal if we keep having pessimistic thoughts about it.
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