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February 25th, 2019 @ 6:11 pm by Muhammad Azeem

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Finding the perfect trade with a high risk-reward ratio

When you will be trading in the market (it can be anyone), it will have to be suitable for the signals. It will decide whether you should get some profits or losses from the trades. That will require you to do some proper level of research on the signals. There will be a lot more statistics for the right selection of the trades. The traders will have to have some idea about the running time period of different markets. Then there will have to be some proper knowledge about the right analogy of the markets. With the Fibonacci retraction tool, the traders can manage some proper signals to trades with. That may seem a little bit difficult at the beginning of the trading business. With some proper dedications and concentration, the traders can learn about everything. We are going to talk about the necessary fundamental you will need to concentrate on for currency trading business of Forex.

Novice traders will not have proper control of their trades

From the beginning to the end of all of the trades, you will have to get proper control of everything. There will have to be good management of the trades with that. If any time the trends change in an improper way, the traders will have to close that. Well, there are tools for the right closing of the trades. That will depend on the right risk to profit margins. The traders will have to think about a decent profit target to get into the trades. From that, you will try to find the right signals to trade with. It will have to be strict for the safety of your trading business. When you will be able to make the right setup of the stop-loss and take-profit for the trade, the control will be strong over your trades. They are basically the limit for closing your trades. With proper market analysis, the traders can easily manage some good trades.

Using the daily time frame

You can’t make any real progress unless you learn to trade the higher time frame.  The higher timeframe always generates maximum profits for traders. If you ask the elite traders of the reputed Forex broker, you will be surprised to see the majority of them are position traders. Ignore the lower time frame trade setup and try to focus on the higher time frame data.

You will have to aim for a solid profit target all the time

What we mentioned in the last segment will be good for a decent performance. Your approaches to the trades can be effective. Then the right management of the trades will also be possible. But one thing you will have to have some concern about. We are talking about working with a profit target. It will be working for your trades as a reference. Using the targets, the traders can easily manage some proper trades in the markets. This is because the signals analysis will be done for satisfying the requirements for the trades. One more thing to remember is that the traders will have to maintain the right choice over the profit margins. If you think with too much greed and aim for a big profit, the system of trading can be difficult for you to handle. So, be the right guy for the right management of the trading business.

The right analysis is necessary for all of the proper executions

For the right selection of the signals, the traders will have to do the right analysis of the market. There are a lot of things you will have to do for that. Proper trend and key swing analysis will be good for all of the trades. Then the right usage of the support and resistance zones can help  traders a lot too. Make the right plan for it and then go for a trade.

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February 25th, 2019 @ 6:09 pm by Muhammad Azeem

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Think of Forex as if it is a day job for you

If you can think of the platform we mentioned in the title, there will be a good performance. This is because the trading process needs proper concentration on the plans. Then the traders will also need you to make the right executions of the trades. In the process of a trading execution, traders will have to think mostly about saving. It is necessary for the traders to make the right management to the trades. Because of the proper control of the risk per trades, the traders will be able to get rid of the tension. So, the losing trades will come very less for your business. Then the traders will also have to control their trades with risk to profit margins. It will help the traders with good control of the stop-losses and take-profits. All of the processes will be good when you can concentrate on them properly. That is why the motto of this article. If you can think of the trading business as being a job for you, there will be a good performance. Because the traders will perform their work like a sort of duty.

The business process has to be effective

All of the trading processes will have to be good for making proper executions. There are no rules of it being a profitable business. What we are trying to say is that the traders will not have to win all the time. There can be losing trades from the account. But you will have to control the losses in them. That way, the trading process will be losing less capital from your account. With some proper plans and cautions, the traders will be able to make their business superior like that. So, think of the right profit margin. Then do the proper market analysis for the signals. Work with technical studies and fundamental information about the markets. Then be a strict trader and find a signal for your trades. Then try to close the trades at the right positions. That will be good with proper management with stop-losses and take-profits.

Learning to trade with rational logic

According to recent statistics, more than 90% of retail traders are losing money on regular basis. If you do some research, you will understand options trading is one of the most difficult tasks in the world. You need to control your emotions and place a trade with managed risk. Always remember, emotions have no place in the investment industry. Focus on your trading skills and try to place a trade with rational logic.

Proper management of the risk is necessary

Besides the trades, the traders will also have to concentrate on risk management. It is necessary for the right performance in the business. We have already stated in the introduction of this article that, the trading business is much more tensed for the traders. When the volatility is much more uncertain than any other platforms, there will be losing trades. This thought only makes the traders a lot more worried for to do business. This is not good for proper planning for the trades. If you want to maintain consistent performance with the trades, there will have to be good management. That will have to be with the risk per trades. As the tension will come mostly from the investment, the traders will have to reduce that to do proper business.

You will have to make the right planning

All the things in the trading process will have to be planned. From the right management of the risks, then the good control of the position sizing, even the right management of the risk to profit margin will have to b planned. This way, the traders will be able to save a significant amount of time. That is good for proper placement of the trades. Even the way of doing the market analysis must be planned by the traders.

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November 3rd, 2016 @ 6:13 am by Muhammad Azeem

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eur-usdTrend is up in EUR/USD currency pair, fifteen minutes time frame. Short term support is present at 1.1084 price level.

Using standard MACD settings, (12,26,9) we could easily notice bearish divergence. This means price has printed higher swing highs and higher swing lows. Where as, MACD historgram bars have printed lower highs and lower lows.

I would suggest traders to look for a possible top in price of EUR/USD currency pair in coming trading hours. However; a good idea is to first wait for the market action to drop below 1.1084 support level to confirm a top before going short.

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September 14th, 2015 @ 2:54 pm by Muhammad Azeem

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aud-usd-4hDown trend in AUD/USD has changed into an Up trend in 4 hours time frame. I have opened a buy trade in AUD/USD currency pair and price moved up so far in my favor. Based on Elliott wave analysis, price is most likely going to hit 0.7275 price level in coming trading days. However; if price is going to drop below 0.6911 support level then up trend is going to end. In such case I will re-analyze the price action of AUD/USD currency pair.

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November 9th, 2014 @ 4:51 am by William Gilday

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Screen Shot 2014-11-09 at 11.17.56

Hello traders this is a subject that everybody talks about all the time, however I am sure you have not heard this one. I am reading this book and I love reading about what I do and the chapter was support and resistance. It goes like this you have you chart on the screen and doing analysis for a possible trade and you can not find support or resistance. So as you all know we are taught to go to a higher time frame and get it from there. The higher time frame gives you no help. Sorry about the all green chart tried to fix have to work on that. I learned that if we stop using support and resistance as a price on the chart and more like a zone we have the solution. Go to a line chart, I would not use anything smaller than a 1 hour chart as you see here. I have marked where you can see on the left nice resistance on this EURNZD chart. If you look back you see more touches to this zone. The next issue was where is support and as you look to the right you see where I marked off a support zone with a double tap meaning it hit it one time and came back and hit again and move long. Take a look at some charts and check this out I think you will be surprised how this can help you with finding support and resistance. Thanks William….

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October 14th, 2011 @ 5:54 pm by Michael Radkay

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BY <a href=”http://www.rdstrader.com”>STEPHANIE RADKAY</a>

<div style=”float: right;”><img src=”http://www.rdstrader.com/castle.jpg”></div>Long ago in the ancient land of Tradeopolis there lived a king, King Libra.  This king was a very kind, intelligent, giving, sharing soul.  The thing that was most unique about King Libra compared to any other king was he was more like a God.  His people and the surrounding kingdoms often prayed to him and bowed to him in his presence for he had such great intelligence and knew everything there was to know.  The people in Tradeopolis respected him greatly and when anyone was in need they would go to him to help solve all their problems.

One day one of his people, Fast Market Freddy, came to King Libra and told him he wanted to trade Foreign Currency.  “Ah, yes,” said the King,  “what a brilliant idea.  You know you must have money in your pocket and in the bank to do this, Freddy.”  Fast Market Freddy answered, “Yes, I have that covered, King.”  King Libra said, “You must have the emotional and physical endurance to be successful because not everyone can do this.  You will learn more about yourself than you might ever care to know.”  “I understand,” replied Freddy, “I take care of myself physically by working out and eating right.  I meditate and understand my emotions.  I don’t let them get the best of me.  I am a model citizen in our kingdom, giving to others and respecting my family.” “Perfect”, King Libra replied, “so what is it you need from me?”  “Well”, Fast Market Freddy said,” I want to know how long this will take me to learn.”  “Ah, yes,” replied the King, “to answer your question, you must go to see the three Wise Wizards, TOLI, TOLI-O and TOLI-O-O, in that order.”

<div style=”float: right;”><img src=”http://www.rdstrader.com/tol1.jpg”></div>So off Fast Market Freddy went to first seek the advice of TOLI.  He approached TOLI’s beautiful castle and knocked on the door. “What is it you wish to know?” bellowed the voice behind the door. “It is I, Fast Market Freddy, and King Libra sent me to seek the advise of the Wise Wizard TOLI.  I want to start trading Foreign Currency and I want to know how long it will take me.” The Wise Wizard, TOLI, opened the door, touched Freddy on the chin with his pointer finger and answered, “Six months.”  “Six months?” anxiously replied Freddy, “I don’t have six months to wait.  I have bills to pay, children to feed and a wife who overspends.” “I see. Since you do not appreciate my wise answer, I advise you to go see the Wise Wizard, TOLI-O.”

<div style=”float: right;”><img src=”http://www.rdstrader.com/tol10.jpg”></div>And, off Fast Market Freddy went to seek the advice of Wise Wizard, TOLI-O. He quickly approached TOLI-O’s beautiful castle and knocked heavily on the door. “What is it you wish to know?” bellowed the voice behind the door. “It is I, Fast Market Freddy, and the Wise Wizard TOLI sent me here.  I want to start trading Foreign Currency and I really want to know how long it will take me.” The Wise Wizard, TOLI-O, slowly opened the door, touched Freddy on his forehead with his pointer finger and answered, “One year.”  “One year?” Freddy started to yell, “What’s the matter with you?  One year is ridiculous!  I don’t have the time for this and you are crazy!”   “I see. Since you do not appreciate my wise answer, I advise you to go see the Wise Wizard, TOLI-O-O.”

<div style=”float: right;”><img src=”http://www.rdstrader.com/tol100.jpg”></div>Stomping his feet, Fast Market Freddy marched over to the even more beautiful castle of the Wise Wizard, TOLI-O-O.  He knocked heavily on the door. “What is it you wish to know?” softly questioned the voice behind the door. “It is I, Fast Market Freddy, and the Wise Wizard TOLI-O sent me here.  I want to start trading Foreign Currency and I demand to know how long it will take me.  Now give me the answer I want to hear!” The all-knowing wizard opened the door, touched Freddy gently on the forehead with her closed fist and quietly replied, “A lifetime.”  “Oh, you are out of your mind, TOLI-O-O!  That’s so unreasonable and no one would ever do this!  I am out of here!”  Fast Market Freddy almost put his fist through the Wise Wizard TOLI-O-O’s beautiful Golden Doors and stormed off in a huge huff.

There is a hidden message in this trader’s fable and the hint is knowing the hand signals on the trading floor. If you can figure it out, send an e-mail to info@rdstrader.com

If you are the first “new client” to respond, you will receive a free 45 minute consultation with 20 year professional trader and mentor, Michael Radkay.

Trade Strong!! Trade Smart!!and Always Have Enough to Trade Tomorrow!!

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September 16th, 2011 @ 4:45 pm by Michael Radkay

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BY MICHAEL RADKAY

Euro zone officials are in talks to implement or withhold a sixth bailout to Greece because of its financial policies and over-spending. Overall it seems they are willing to go the extra mile to save Greece, but currently are not getting enough in commitments back from Bank of Greece Governor George Provopoulos. It seems the world bank heads are giving a lot of rope to Greece with the latest round of default threats to a country that claims they were the first to start the democratic system that we all enjoy. Maybe the bank heads are waiting for a pinky swear and a nice Mediterranean side salad and a life time supply of Gyro platters before they send more financial aid.

We will probably never truly know the deal but it might not be as far fetched as it sounds since they really don’t have much else to offer other than “I promise” and a nice meal. Greece may have delivered recently as the European Central Bank in conjunction with the Federal Reserve (U.S.), the Bank of England (BOE), the Bank of Japan (BOJ) and the Swiss National Bank (SNB) announced on September 15th to provide as much U.S. dollar liquidity as necessary in three different phases with a maturity of approximately three months that will keep things afloat until the end of the year.

Word of the 6th bail-out without calling it a bailout has given some life to the euro which has been getting hit pretty hard this month against the U.S. dollar and the Yen. The latest round of rescue help has given Euro investors a bit of a breather but whether it is enough remains to be seen. In the meantime you may see a bit more life to the Euro for the remainder of the year with this latest stimulus package unless anything unforeseen hits the airwaves.

EURUSD and EURJPY Daily Chart:


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The Rotating Directional System (RDS) is a rule based discretionary strategy that establishes risk management first. Our style offers the trader a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits and overall worth of the trade.

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September 2nd, 2011 @ 4:53 pm by Michael Radkay

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BY MICHAEL RADKAY

We always say to the exponential smoothers or those that filter out tops and bottoms to “save it for the board room and keep it away from the trading arena. If we can’t smooth the losses from our account, we will not smooth the wicks and shadows out of our level calculations.”

We prefer to use the exact information because it paints the most accurate picture. Let’s send a nice dose of reality to any of you who are thinking about smoothing your results. Our politicians are the best data smoothers we know. Do you think they would be in office today, if they included the food and energy cost in the Consumer Price Index and the Producer Price Index Data? The U.S. Department of Labor, filters out this data because they claim it’s too volatile of a component to get a true read of inflation. This is a politician’s way to brush under the rug the fact that since 2006, the cost of gas has fluctuated from about $2.50 to $5.00 per gallon and it is holding above $4.00 where it has been sitting for the most part from 2008 – 2011. At one point there was a 100% increase in prices and today resting at and never below a 60% increase from 2006 prices.

The U.S. Department of Labor and Federal Reserve all hired and appointed by our Government peg inflation to only rise about 2% – 3% per year. They have been saying that we have been holding in line with that figure for the most part. Using the high end 3% figure; if gas prices were to climb 3% each year, and we started from $2.50 per gallon, that would mean the price of gas should have been $2.57 in 2007 (actual was well over $3), $2.65 in 2008 (never below $4), $2.73 in 2009 (never below $4), $2.81 per gallon in 2010 (never below $4) and $2.89 in 2011 (never below $4). Maybe the next time we fill our car up we should only pay the rate that it should be. See how well that goes over with the gas station attendant….

If you cant get it our of your gas station attendant, maybe our government will give some of the money back. Gas prices in our neighborhood for the most part over the last 4 years has been holding above $4.00 per gallon where at worst prices should have been $2.89, if we were maintaining the 3% pace our nation’s officials tells us things are.

We figure we spend approximately on the low end $70 per week (1 car) on gas over the last 4 years. Even if we used the 2011 price of $2.89 (3% pace) it should have been no more than $50 to fill our car with gas. $20 difference x 52 weeks a year comes to $1040 per year. Over the last 4 years we have been over-charged an extremely conservative estimate of $4160 on gas alone. Do you think they would be kind enough to send us a check right quick? Oh, wait a minute; they filter out energy cost data, I forgot!

I would hate to include the extra food costs we have spent over the last 4 years as well, but lets cut them a break; they have had to work a few more hours this year because they couldn’t figure out how to balance their spending. Oh, I forgot again; they don’t use food data either to calculate inflation, so I’m sure they will have no idea of what I am talking about. None of us need to eat or drive I guess…

I’m not even complaining; this is what just happened to come out of my mouth when somebody told me an exponentially smoothing indicator was better. No, thanks! Sorry to get off on a tangent here but when I see somebody smooth out a high or low that was made, and dismiss it as if it never happened, I quickly know they do not live in reality and most certainly do not trade live money for a living.

Data smoothers beware when you enter the trading arena! Make sure you use these indicators as a guidance source not as something that is full-proof or factual.

Whatever you decide to try; you can’t expect to win, if you don’t have a plan in place.
Trade Strong!! Trade Smart!! and Always Have Enough to Trade Tomorrow!!

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