Warning: session_start() [function.session-start]: open(/home/content/08/5010208/tmp/sess_kjh4n3dv3dj7bkd95opkldg0t0, O_RDWR) failed: No such file or directory (2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/08/5010208/html/learning-to-invest/index.php:2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/08/5010208/html/learning-to-invest/index.php:2) in /home/content/08/5010208/html/learning-to-invest/index.php on line 2
Testing time, Day 2

 trading image

 forex journal graphic

Join my newsletter (learn more)       Forex Journal | forex    

About this site
Learn about investing in financial markets. I am trying to add new articles, information about inves...
Learn more

  • General
  •    » Technical analysis
       » Fundamental analysis
       » Intermarket analysis
       » Japanese Candlesticks
       » Money Management
  • Stock market
  • Foreign exchange
  •    » Forex strategies
       » Forex Journal
  • Options
  • PAPER trading
  • Platform reviews

  • Investing blogs

    + The Visual trader
    + Commodity Trader
    + Market Rider
    + Stock Insight
    + The Kirk Report
    + Long Term Investment Strategies
    + Short-term trading
    + Wily Trader

    Forex for beginners

    + Play/test with $25

    Entrepreneur blogs

    + Guy Kawasaki
    + Business Advice Pro

    Investing Games

    + Investing Experience

    Testing time, Day 2

    Tags -          

    Didn’t have time to update yesterday’s post so I’ll continue with this new one. I haven’t placed any trades yet but I have worked out 4 different chart templates with indicators on them to see if any of them work or could work after some changes.

    Template 1

    This chart template uses 50-period and 14-period EMA’s for trends. Due to my observations yesterday I will use Aroon to set my entry points. I am not sure about stop loss and exit yet, but I hope to get them in place soon as well. I have also added OBV to this chart to see if in anything special happens with volume during signals by Aroon.

    Template 2

    This chart template uses 50, 9 and 5 day simple moving averages. It also uses Bollinger bands and 14-period RSI. All of these indicators should help making better decisions.

    Template 3

    Here I’m using 50-period moving average, Parabolic SAR and Williams %R.

    Template 4

    This template uses Bollinger bands, Starc bands (see description below), CMO (Chande Momentum Oscillator) and also RSI. And also stochastic oscillator. Just for testing.

    Before going on, here’s the description of what Starc Bands are.  It is an indicator that is created by plotting two bands around short term moving average of an underlying asset's price. Upper band is created by adding a value of ATR (Average True Range) to moving averages. The lower band is created by taking the value of ATR off the short term moving average. When price moves towards the upper band it gives a signal that the price may pull back. Vice versa in case of lower band. Starc bands will tighten in steady markets and loosen in volatile markets. STARC Bands define upper and lower limits for normal price action..

    As a next thing I will be testing all those templats to see if any of them (or maybe altogether) is usable. But before that we need to get introduced to trading days and hours, most active trading hours (depending on time and currency).

    Firstly though, here’s a chart with trading sessions (GMT):














    8:00 am


    5:00 pm




    7:00 am


    4:00 pm




    New York


    1:00 pm


    10:00 pm




    2:00 pm


    11:00 pm








    9:00 am


    Hong    Kong


    1:00 am


    10:00 am






    10:00 pm


    7:00 am




    10:00 pm


    6:00 am


    During London & New York session more active currency pairs are EUR/USD, GBP/USD and USD/CHF. During Tokyo/Sydney sessions most active pairs are EUR/JPY, AUD/USD, USD/JPY, AUD/JPY and during Sydney session AUD/USD, EUR/USD. Nothing too difficult as you can see – just keep in mind which markets are open and you can logically see which pairs should be most active.

    What’s the easiest way to keep track of all the different times in different time zones? For myself I have found a website that offers this feature. Check the forex hours clocks here. It’s a basic page I made for myself there that included just the four main times. Feel free to use it.

    So it looks that my main times for making trades should be

    • 1 pm – 4pm GMT (for EUR/USD, GBP/USD, USD/CHF)
    • Midnight-7 am GMT (for EUR/JPY, AUD/USD, USD/JPY, AUD/JPY,      EUR/USD)

    There are different currency pairs that often move in the same direction. For example, paris that often (not always ) move in the same direction:

    · EUR/USD and GBP/USD

    · EUR/USD and NZD/USD

    · USD/CHF and USD/JPY

    · AUD/USD and GBP/USD

    · AUD/USD and EUR/USD

    And pairs that are often moving in a opposite direction:

    · EUR/USD and USD/CHF

    · BP/USD and USD/JPY

    · GBP/USD and USD/CHF

    · AUD/USD and USD/CAD

    · AUD/USD and USD/JPY

    Today I’m going to test my chart templates and try to use them to see if any of them are of any hope. Will update later or add a new post.

    Now what? Digg it  |  Add to My Yahoo  |  Add to Google Reader  |  Add to Del.ICIO  
    Comments (0) / Link to this topic - http://www.learning-to-invest.com/

    investment advisory
    www.thedtscorp.com -

    Forex trading systems

    #1 Time-tested Forex trading system, with DOCUMENTED PROOF, that has the potential to turn $1,000 into $1,000,000 in just 24 months. Limited-Time Offer Price: $97

    #2 Powerfully Effective Forex Trading System That's Shocking Professional Traders Around The World......Completely Guaranteed To Generate 83-114-157 Pips A Week! Price: $97

    #3 Two Forex trading methods which have been hidden for years, known to only a small group of Wealthy Trading Elite! Grab 100's of pips weekly by spending only a few minutes a day at your computer! Price: $97

    #4 These Ruthless Trading Tricks And Tactics Instantly Transform You Into A Profit-Making Machine Scoring Wining Trades After Winning Trades. Price: $97

    #5 The AWARD WINNING "work from home" solution by someone who used to work for the Deutsche Bank as a forex advisor. Price: $198 (50% coupon available)

    latest submissions
          » Volatility is your friend

          » Tips from successful day traders, Part 3

          » Tips from successful day traders, Part 2

          » Tips from successful day traders, Part 1

          » Make money not debt

          » Make money not debt

          » No skills? Free online trading school is there to help you

          » End of month and need a loan?

          » M&T e-Money Market

          » 5 Traits of Highly Effective Financiers

          » Great forex product reviews

          » It's all about money management

          » What is going to happen next?

          » Brutally honest analysis of yesterday

          » USD at its lowest levels of 2 years

          » Testing time, Day 3

          » Testing time, Day 2 UPDATE

          » Testing time, Day 2

          » Testing time, Day 1

          » My own trading plan

          » Technical indicators - Aroon, ATR, CMO, ADX

          » Creating a trading plan

          » Results of the trading competitions and next week

          » Trading rules - something new to think about

          » Forex strategies: Short term strategy

          » The game of probabilities

          » What can you learn from poker?

          » Elliot wave - guidelines for wave framework

          » Introduction Elliot Wave Principle & Fibonacci ratios

          » What does Straddle mean?

          » Forex platform review: Easy Forex

          » How to find and confirm a trend?

          » Different look into trading and life in general

          » Introduction to Swing Trading

          » Introduction to 1-2-3 Trading Method

          » More trading rules

          » Candlesticks – the importance of Gaps

          » Sakata’s Method / method of Munehisa Honma

          » Money Management

          » Candlestick Continuation Patterns

          » Forex and intermarket analysis

          » Candlestick Reversal Patterns III

          » Forex strategies: The Sidus Method (EUR/GBP and EUR/USD)

          » Forex strategies: Big Ben Strategy (GBP/USD)

          » Foreign Exchange: Carry Trades

          » Candlestick Reversal Patterns II

          » Candlestick Reversal Patterns I

          » Introduction to Japanese Candlestick Charting

          » MACD histogram

          » The Three Moving Average system

          » Technical indicators: Williams %R indicator

          » Technical indicators: Parabolic SAR (Stop & Reverse)

          » Common sense trading rules (Michael Jenkins)

          » Geometry for predicting market behaviour (Michael Jenkins)

          » Emotional vs rational trading

          » Competition: First Day’s thoughts

          » Trading competition, 4 weeks

          » Bollinger bands

          » Relative strengh indicator - RSI

          » Introduction to Intermaket analysis III - global markets

          » Introduction to Intermaket analysis II – related markets

          » Learn to do your maths

          » Introduction to intermarket analysis

          » Introduction to technical indicators II

          » Introduction to Technical indicators I

          » Recognizing chart patterns II

          » Recognizing chart patterns I

          » More on volume & OBV

          » Introduction to charts

          » Learning from winnings AND losses

          » What are sideways movements?

          » Importance of volume

          » Introduction to Dow’s Market trends

          » Bull Market and bear market

          » Who is Charles Dow and why should you know him?

          » Stock background search

          » Introduction to stock options

          » Forex - pips, spread, margin, leverage

          » Basic introduction to Forex trading

          » What is Pattern Day Trading

          » Signs a company is going bankrupt

          » How to analyse stocks and forex?

          » Which online trading platform to choose?

          » How do I set my financial goals

          » Investing basics - think before you act

          » Learning to invest

    Buy Silver
    goldmoney.com - why buy silver from goldmoney? all customer silver is insured and audited. open a free account to buy silver.
    buy future payments
    investment advisory

    Privacy Policy | All rights reserved © Learning To Invest 2006, Email: / forex

    Warning: Unknown: open(/home/content/08/5010208/tmp/sess_kjh4n3dv3dj7bkd95opkldg0t0, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

    Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0