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Here's what our members are saying ...
Real-Time Analysis Accelerates My Understanding
"I'm eagerly anticipating tomorrows Preview. Your analysis in real time has already started to accelerate my understanding of the coarse. Watching you at work brings out the points I need to work on while reinforcing those parts of the coarse I have learned correctly.
Thank you for the reply."
Leon
San Diego, CA
"Awesome
Last nights session was awesome. 71 pips! I owe it all to last night session. Thanks,"
Jeff S.
Newport Beach, CA
Excellent Results
"Just to let you know I have been using some of the stuff you showed us with excellent results. Thank you for taking the time to show us what you know. Its hard to find people like you.
Best wishs,"
Ralph
One Trade Paid My Tuition to the Show
"Seth,
Just wanted to give you a follow up THANKS. After listening to the recorded session from last night the very trade you discussed appeared shortly after I had finished typing my last email to you. This time thanks to your session I was prepared to take a position which I promptly took at 1.2874! Within 3 hours the Euro had dropped to 1.2770 which is where you had suggested it might go…my tuition to the Show is now paid for the year!"
Dirk ,
Menifee, CA
Solid Training
"I participated in Seth Gregory's Show last night and was very impressed with his presentation. I felt he was very thorough in his analysis and Seth clearly explained the process of top-down trading using a confluence of events. The real beauty of the Show is that it is live and in real time. He teaches the importance of patience and discipline required to be successful in this business. He offers several scenarios for the London open and points out both green lights and red flags. He is very detailed in his explanation and constantly reminds us what is necessary in making high probability trades. I also trade the London session and found that Seth's analysis helped my preparation and focus. I used his analysis for confirmation of my analysis and found that he pointed out factors that I may have missed or not even noticed. I feel this is a great service and will be a tremendous benefit for those who would like an understanding of the steps not only necessary but required in the planning and execution of trades. Thanks to you and your team, for making services such as this Show available. Regards,"
Dennis K.
Accurate and Instructive
"I've taken part in your presentation this morning. Though English is not my native tongue, I could enjoy your market analysis, which was accurate and instructive.
Thank You, and I look forward to watching the next session"
Laszlo
You Stay Up Late For Us
"Thanks Seth,
I enjoy your analysis and sessions very much but staying up until 1AM EST during the work week is tough. It would be great to be able to go over your calls with the recorded sessions. I know I will miss some trades but it is still a great learning experience to see how you do your top-down analysis and other things like MACD, Fibonacci etc. Thanks again and I look forward to continuing my subscription with you.
Can you please make sure my subscription continues "
Sheldon
Doing A Great Job
"Hello Seth, ...You do a great job and I greatly appreciate that you are holding the material presented to the levels of new people or someone who still needs help in mastering the basics. The continuity of basic knowledge cetainly helps with the learning process. KISS..keep it simple is sometimes best. Thanks to you and your team for all you work, patience and lack of sleep. It is very much appreciated."
Jorene
-Dallas, TX
Thanks for Your Diligence and Blog
"Thank you for your diligence and willingness to teach FX. I have been trading for several years now with varying degrees of success and failures but not any concrete reason for what was happening. I especially love the posts in the blog when some interesting trades are forming and like I mentioned in my email to you yesterday, I was able to spot the similar situation happening to the Euro/Yen as was happening in the EUR/USD pair.. at least technically before you posted it in the blog. It was nice to see that my recognition of the trade forming as confirmed by you and you pointed out some further clues to the trade as well that I had not seen. Let’s see how that one works out. Thank you for your guidance and posts in the blog as well as your efforts in the Show..They are greatly appreciated! Many thanks for making trading FX fun and profitable, I have been able to get my feet under me in trading. It’s great to be affiliated with a group of sincere traders that tell it like it is."
Duane E.,
-Egg Harbot Twp, NJ
Amazed at How Your Trade Play Worked
"Hi Seth, great class. on monday 8/28/06 at about 5pm est, i caculated my pivots on the eur/usd and saw the set up that you taught us. the rest is history, i bought at m2 which was 1.2779 and like clock work, i made my 30 pips. i was amazed on how accurate your trade play worked. thanks again."
John Powell
"
Hello,Seth,
Just wanted to let you know, I really like your class.I first started trading the Stock market about 25 years ago I knew a good trader who could take a couple thousand dollars and turn it into large amounts of money,but we met in a alcohol rehab program ,he decided to go back to drinking and died from it.I never learned enough to keep trading.......In the 90s I met a broker who was trading a computerized system,I thought that would be great..He was trading for me,$8000 turned into $27,000 in just two months,wow....o-ya ,I lost $30,000 in just one day.....NO MONEY MANAGEMENT on a futures account.....That one hurt.I was never going to trade again..I have been off work for 10 years with my back so,decided to learn to trade.....$12,000 to learn to trade stocks at Invest Tools what a waste of money...It's ok if you want to make about 13% a year,not what I'm looking for....This is a 25 year dream for me...... I will be trading on a real account soon......Your class is the finish touches for me, I know I have a ways to go but ,I know I will be a trader soon!!!!!!! Thank You So Much !!!!"
Gerald
Not Taking the Losses I Took Before
"Seth,
Thanks for a great set up on the USD! I paid for a few months of my membership! With more trades like this I will be
able to go full time. I didn't get as high as you told us to because I missed the hit after I went to bed. But the
drop was still in a good short. Next time I will set the trigger on my trade station for sure! But I am not kicking
myself and working with what the market has given me. Your trade calls are very reliable. I stuck with my trade even
when the market was whipsawing. News is terrible! It was only a little on the table and I am working with a new
system to work with less but allow the market to make its move-even when I make a bad move and work with it. This is
how I am not taking the losses I took before because I am accepting the risk with each trade and the consequences
with bad calls. You don't know how I am so thankful for these trainings!
Thanks!"
Zoe R.
West Covina, CA
"
Thanks for the Many Opportunites to Increase Our knowledge Base.
I just applied some new techniques from the first session of the Show. I captured 65 pips at the New York open - trading one lot. Thanks for the many opportunities to increase our knowledge base. My net results from the first session was 65 pips.The biggest tip that helped me the most was changing the colors on Stochastics to the Red and Green lines.
Looking forward to future sessions."
Craig ,
Kirkland, WA |
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Forex Chart Analysis
Posted by Ivan Boyle
Forex chart analysis involves four basic elements:
recognizing the major trend; recognizing the minor trend;
spotting the support levels; and spotting the resistance
levels.
The major trend is the trend that is going to continue
for a long term. The minor trend is the short term trend
that will be subsumed by the major trend. A support
level is a price level which, once it is reached on
a downward trend, a currency "has difficulty"
going below historically. On the other hand, a resistance
level is the ceiling price of the currency historically.
Support levels and resistance levels can have their
barriers broken (and therefore reset), but there will
be a strong tendency against this happening, and knowledge
of this can be used to a forex trader's advantage.
Buyers have a tendency to enter a position in the currency
when the support level is reached. On the other hand,
sellers have a tendency to sell at the resistance level.
Trends are what forex investors are looking for to guide
their decisions on entering a position, closing a position,
entering stop-loss orders, and holding on to a currency
pair or closing out their position on one and taking
on a new one. Trends are patterns in the midst of the
seeming chaos.
Forex chart analysis is important for the investor to
recognize all of these elements, but it's equally important
for the investor not to fall into what's known as "analysis
paralysis". With that in mind, there are some basic,
elemental methods for effective forex chart analysis.
You need to find yourself a mentor of some kind, even
if it's a computerized one, to first learn charting
and analysis. Once you do this, you can apply these
basic methods of making your forex chart analysis as
effective and helpful to yourself as possible.
For one thing, don't make your chart analysis complex.
Keep it as simple as you possibly can. The fewer indicators,
trendlines, etc that you can recognize or use, the better.
Simplicity is the key to success here.
Beginners should use the famous candlestick charts for
their analysis. But there are other kinds of charts
for the forex market and you need to find one that you
think suits you best. But once you do, stay with it.
Don't switch between different charting systems once
you've found the one you want. Doing that can confuse
you and give you data overload. Another aspect of this
charting choice is knowing your investment style and
goals. There are very short-term charts that show hour
by hour market changes in high detail, whereas long
term charts go out for weeks, months, or a few years.
The one you choose depends upon your trading technique
and financial objectives within the market.
Finally, when you buy your charting software, know all
of these things in advance and pick the best for yourself.
You can use free temporary demo accounts to figure out
not only what you want, but what the best software is.
Remember, forex chart analysis is very important to
your success--so be careful with all of these elements.
If you would like to be noticed when this page is updated and / or would like to receive very informative Trading alerts, News alerts, Training Videos, Tips and Charts with notations and more... download TradeComm, it is FREE!. TradeComm is a customized program that allows us to send important information right to your Desktop from our Server usually in less than 2 minutes. You'll receive very informative Trading information as we see them from Sunday-Friday* You will also get the opportunity to receive invitation(s) to our Live trading session and Special Events.
Click
here to download TradeComm
(Small file (600 to 700 Kb) )
If your system does not allow you to download "exe"
file then use this zip file
Click Here instead.
Our intention is not to overwhelm you with information but send you
what we feel is the most significant content You need to know. - Runs with all versions of windows (98, NT4, 2000, ME, XP, Vista)
- Small file (600 to 700 Kb)
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Please contact us here http://www.forexactivetrader.com/public/department6.cfm if you require assistance or have any question. ForexActiveTrader
Insight Into The Forex Market
Live Trading Sessions, Free News, Education, Analysis & Forecasts
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Here's what our members are saying
...
"Dear Seth, I am so thrilled to have joined the Show. I have been trading
commodities and stock for the last fifteen or so years with sketchy result.
Since I joined your Show things are really clicking for me. I have recently
set up my eight 19” monitors and have paid for the whole system this week
using the things I have learned from you. My biggest faults used to be,
trading too many lots, and trying for the home run when I had a 40 or 50 pip
profit only to see it all go back and get stopped out for a loss. Your
methodologies have saved my butt so many times in the last three weeks I feel
like I have a new lease on trading. I just never had anyone to explain the
smart trader concept to me the way you have done. I have made a lot of money
trading but have lost even more because of bad trade and money management, NO
MORE thanks to you. I’m certain I would have eventually washed out. I thank
God you crossed my path before then because I have such a passion for trading,
that I don’t know what I would do if I couldn’t. Regards,"
Charles,
Naples, FL
Just What the Dr. Ordered
"WOW!!!, you guys have hit the nail on the head,,,,,just what the doctor's
ordered, Keep up the good work,,,,,This was a brilliant idea , this Live Show,
I am looking forward to learn at the feet of the masters!!!!
"
Member
Real-Time Analysis Accelerates My Understanding
"I'm eagerly anticipating tomorrows Preview. Your analysis in real time has
already started to accelerate my understanding of the coarse. Watching you at
work brings out the points I need to work on while reinforcing those parts of
the coarse I have learned correctly.
Thank you for the reply."
Leon
San Diego, CA
Excellent Training
"The Live trading Show is well worth the money. Last nights preview was
excellent. Seth, broke down and explained all the components of MACD. The MACD
line, the signal line, the histogram, what each one is indicating based on its
current position as well as its position to each other, its position to price,
or MACD itself. It was MACD uncovered. This was the best teaching I have ever
received on MACD. Seth is going to do the same for Stochastics. I have gained
so much knowledge from this Show Preview. Seth provides many other valuable
nuggets regarding price movement, indicators and the market, information you
probably would not have known otherwise. The Preview also gives insight into
the upcoming trading session. This is one subscription I will definitely
keep."
R.,
-NYC, NY
You Changed My Methods
"Hi Seth, The clarity I got from your open house prompted me to enroll in the
Show. Very helpful in understanding how a more experienced trader thinks,
especially the part about placing a number of barriers between entry and stop.
Understanding MACD segment also brought a lot of clarity to its usefulness as
an indicator. Thanks for the great work."
David U.,
-Encinitas, CA
"Awesome
Last nights session was awesome. 71 pips! I owe it all to last night session.
Thanks,"
Jeff S.
Newport Beach, CA
Extremely Helpful Training
"I also wish to let you know that your Live trading sessions are extremely
helpful. I have been able to improve my trading a lot due to the Show. The
single most important factor has been that you have helped me to see the "big
picture" and move beyond the M-paradigm. I look forward to the forthcoming PM
sessions.
Best Wishes"
John B.
Bangkok
Great Beyond Words
"Hi Seth,
Thank you so much for allowing me to be at your last Live Show, it was great,
beyond words. I learned quite a bit. It has helped me in my trading, I'm
praying for a little more patience. The set up was wonderful, it worked every
time I saw it, and it usually goes to the next pivot. Thanks again I really
appreciate the time you took with your visual aids, and your explanations. It
made things clearer in my mind, especially the part about sitting on your
hands until you see a trade, the problem was I did'nt know what I was looking
at, most of the time I thought I did see a trade. again Thanks a million.
God Bless You,"
Charmaine
Camden, TN
Eye Opener
"Seth ..Your Show are an eye-opener for novices like me. Thanks a lot for the
wonderful previews.
Regards,"
Satish,
LA
Accurate and Instructive
"I've taken part in your presentation this morning. Though English is not my
native tongue, I could enjoy your market analysis, which was accurate and
instructive.
Thank You, and I look forward to watching the next session"
Laszlo
Confidence Builder
"Hi Seth
My confidence has already improved in the week or so's pm sessions, thank you
very much for your efforts. Seems simple but patience was one of the things I
have improved on. I had worked out the multiple time frames for trading. I
like the 1 hour and 5 min to coincide or the 15 min and 5 min to coincide, of
course if all 3 do even better. I also load Williams % R in addition to
stochastics and when these are going overbought/sold together they give
jointly a very strong visual signal.
Thanks again."
David
You Stay Up Late For Us
"Thanks Seth,
I enjoy your analysis and sessions very much but staying up until 1AM EST
during the work week is tough. It would be great to be able to go over your
calls with the recorded sessions. I know I will miss some trades but it is
still a great learning experience to see how you do your top-down analysis and
other things like MACD, Fibonacci etc. Thanks again and I look forward to
continuing my subscription with you.
Can you please make sure my subscription continues "
Sheldon
Validation
"Seth,
On the Taking Profit example on the USD/CAD Thanks that really confirmed some
things for me! No need to reply…
Leaned A Lot
I have really enjoyed your Show. I have learned a lot and think I want to step
out on my own for a while. Thanks for all the great info.
"
Randy
Thanks for Your Diligence and Blog
"Thank you for your diligence and willingness to teach FX. I have been trading
for several years now with varying degrees of success and failures but not any
concrete reason for what was happening. I especially love the posts in the
blog when some interesting trades are forming and like I mentioned in my email
to you yesterday, I was able to spot the similar situation happening to the
Euro/Yen as was happening in the EUR/USD pair.. at least technically before
you posted it in the blog. It was nice to see that my recognition of the trade
forming as confirmed by you and you pointed out some further clues to the
trade as well that I had not seen. Let’s see how that one works out. Thank you
for your guidance and posts in the blog as well as your efforts in the
Show..They are greatly appreciated! Many thanks for making trading FX fun and
profitable, I have been able to get my feet under me in trading. It’s great to
be affiliated with a group of sincere traders that tell it like it
is."
Duane E.,
-Egg Harbot Twp, NJ
You Are A Gem!
"Hey Seth, last night was excellent, just what I was looking for! ... I am not
interested in someone spoon feeding me what my moves should be, I am more
interested in your expertise in putting all the different trame frames &
indicatiors together... Again, thanks for hanging in there with us, you are a
gem!! "
Geraldine
- Olympia, WA |
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