Trade Forex: Fundamentals or Elliott Wave?

www.forextradingseminar.com



When we look at how financial markets move and the patterns that are formed sometimes we wonder what is causing the move and what should we really be paying a attention to. The people who use news and fundamental analysis only can often be seen to be trading "blind" and have no idea that a trend will end or how a correction will unfold.   At the same time we can hear the proponents of trading with fundamentals say the same thing about people using technical analysis.



In my experience using Elliott Wave analysis has always worked beautifully and I can always tell what the market is doing and sometimes amaze myself by how accurately the market can be read using just the visual clues.  It is like ready a road map or learning a new language.



However, fundamental analysis such as is used by Jarratt Davis, John Kicklighter of Daily FX, and Anton Kreil.  can also be crucial to help understand how pattens can form when there is more than one possibility and when there is uncertainty.



In this video I mention how I use these resources for Forex news and fundamental research and commentary.  Forex Factory, Daily FX, Bloomberg, Reuters, Financial Sense, Financial Juice, Trade The News, and Ransquawk.  With a few minutes of research you can often get a more clear picture of what is about to happen at the time of the next risk event or major news announcement.



This video shows how the market moved at the time of the FOMC statement release going back over the last 2 years on just one currency pair, the EUR vs. USD.  Once you see how the Forex market reacts to major news events and if you have seen my previous 3 videos that show How to Trade Forex Non Farm Payroll and FOMC you will have a lot more clarity and certainty about the next trade.



Pro Forex Trading Strategies - Fundamentals or Elliot Wave

Winning MT4 Forex Trading Indicators

The purpose of these indicators are not to go up and down. Instead, these indicators assist you to see the turn you needed to adjust the frequency by looking at multiple time frames. It can be used only in conjunction with price patterns that are seen without indicators. Hence, trading indicators can help make the process of trading very easy.

Trading Non Farm Payroll and FOMC Part 2

Here's the second part of my video "How To Trade Non Farm Payroll and FOMC". It's a follow up to show how FOMC statement worked.  Whether trading the non farm payroll Forex news or economic event from the Forex news calendar, or the FOMC or any other big news you are doing to find out that this really works month in and month out over and over.

I used to hide facts and try not to reveal some techniques.  But then I know that I could put the secrets on national TV and a lot of people would just yawn and change the channel and they will never see it.   In this video I show you so clearly that there is NO WAY that you could possibly NOT see it.

I hope you appreciate this and find it helpful. Be sure to check out my other videos for tips on how to trade in forex! Forex Trading Channel


Best of success in your trading!

How To Do a Non Farm Payroll Trading and FOMC?

This is my own video on How To Trade Non Farm Payroll and FOMC.

One particular difficulty is that a bunch of traders completely leave the whole principle of having a Forex trading method at the time of the news and simply attempt to get in simply because they see the market is starting to move. Later, they wonder why the market flipped against them and many people have the delusional paranoid belief that its the "big money" and the banks that are generating them drop by deceiving them and intentionally setting traps in the market.

As soon as you see how the market definitely operates you will be able to trade like the "big dogs" yourself because you will see that the majoriy of the traders are completely blind and lacking in common sense when it comes to trading Forex or currency trading.

Check out my video to find out more about trading non farm payrolls. And hey! There's a part 2 of this video which you can visit through this link: How To Trade a Non Farm Payroll Part 2

I hope you enjoy this and find it helpful. Remember to consider my other videos for tips on how to trade in forex!

Please take a look at my other videos for more tips on how to trade in forex!

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Stock Market Crash 2011 Creates Massive Profit Opportunity in Forex Trading

The signs have already formed that a major stock market crash possibly already started now in 2011 is very likely. Whenever a stock market crash occurs it is always perceived as a negative event. Recently in the May 2010 stock market crash it was reported that the entire crash was caused by human error when in fact the so called "crash" happened precisely on target at the top of a perfect Elliott Wave pattern when natural forces across financial markets were already poised for a sudden fall in price.

Is it possible for any financial market to go straight up forever without corrections? According to the history of all markets that have been charted there has always been a pattern and cycle of trends followed by corrections on all time frames long and short.

In Forex trading every movement in either direction of any currency pair is a profit opportunity and it makes no difference which direction the market is moving. However, in the stock market the emotional bias is always toward buying and when the price falls it is perceived as a tragedy rather than a part of natural cycles.

Fortunately, when the stock market goes down the value of the U.S. dollar tends to go up in inverse correlation. Right now there is a lot of evidence that the U.S. dollar could strengthen against other currencies. And ironically some currency analysts are predicting another big drop for the Euro over the next year. Therefore the Euro vs. the dollar (EUR/USD) could produce an extremely lucrative shorting opportunity for long term trading.

The Australian dollar also somewhat follows the U.S. stock market in direct correlation and Forex traders now see the possibility of a long term downtrend starting now for the Aussie. Yen pairs somewhat follow the value of the dollar so that if the USD/JPY is going up other Yen pairs may also be going up.

What is most important about this video is the suggestion that there is a missing piece of the picture not totally revealed by mainstream technical analysis and Elliott Wave Theory analysis that can enable traders of stocks, commodities, futures and Forex to develop a powerful and lucrative skill of entering and exiting trades on all time frames long and short with a high probability of winning consistently over time and maintaining consistent increase in capital.

Harmonic Trading Made Easy

Have you heard any recent “buzz” about something called Harmonic Trading or Elemental Trading? Until recently not many people in the investment and trading world were familiar with these techniques. Fortunately, you don’t need to be a mathematician or engineer from employing these highly probably chart patterns as part of your overall technical analysis.in order to get results in your trading

Part of the knowledge now known as harmonic trading began with H.M. Gartley who published a book in 1935 called Profits in the Stock Market. This video illustrates what the original Gartley pattern is and how this pattern as well as the more recent discoveries can be easily employed in your trading business in Forex, stocks, commodities, and futures.

When a pattern forms with specific high and low proportions that are measured with fiboncacci ratios it has been discovered that these patterns will be followed by a “potential reversal zone” which creates a highly probably trading opportunity. Besides the original Gartley pattern including the bullish Gartley and bearish Gartley, there are patterns discovered more recently by Scott Carney in 2000 and 2001. Carney is credited with discovering and researching these patterns including the bullish bat, bearish bat, bullish crab, bearish crab, Traders who are familiar with Elliott Wave will also see how these patterns correspond to Elliott Wave patterns but are a specific type of pattern that is known to be highly probably for producing a turning point and a trade entry that is likely to work out as a profitable trade.

The structure of the Butterfly pattern was discovered by Bryce Gilmore. The butterfly includes a 78.6 Fibonacci retracement of the XA leg as the B point. The CD leg is extended to 127% or 161.8% of AB.

These patterns have now been incorporated into an indicator for Metatrader 4 which draws the pattern clearly on the chart when it forms and produces a trading alert which can be emailed or sent as SMS text to a cell phone. At least one company other than Scott Carney’s company is now selling the indicator with some training and support while a Russian developer has been making a free version available. For information on what really works in Forex trading go to www.forextradingseminar.com

Mind Your Thoughts and Language: Neuro-Linguistic Programming

Ever heard of the slip of the tongue theory? It means that out of the blue words or phrases that a person suddenly blurts out provide a clue as to what really goes on in one’s inner mind.

Do you remember the law of attraction which promotes affirmative thinking and encourages people to write down what they want to happen in their lives and claim it by saying it to themselves repeatedly for a certain period until the goal or dream is realized? This is the technique taught by Napolean Hill in the book, Think and Grow Rich in the 1920’s.

Do you believe that a lie told repeatedly becomes the truth? Consider this piece of fiction: a young woman can’t accept the fact that her husband has died so she went to another town where no one knew her and there she spread the lie that her husband is still alive. She spread the rumor that her husband is not with her because he has to work somewhere far. Would you believe that after some time of spreading these lies and with all the townspeople believing her, signs that her husband is indeed alive starts to manifest. The story may sound impossible but it simply demonstrates the power of the mind and language in shaping peoples thoughts and creating their reality.

All the above examples emphasize the relationship between the mind and language. Language and mind are two entities that cannot be separated because what one thinks comes out in the form of communication and what one say affects one’s mindset or attitude. This basic truth is the principle behind the Neuro-linguistic programming (NLP) theory.

What is Neuro-Linguistic Programming (NLP)

The Neuro-Linguistic Programming (NLP) is a method developed during the 70’s by an information scientist, John Grinder and a linguist, Richard Bandler in an attempt to offer a way for people to get rid of unwanted behaviors and achieve success in life. They did this by observing the way successful people communicates verbally and non-verbally.

According to NLP, the nerve cells in the human brain sends information to the brain and language which moves through the nerve cells has a big influence in these pathways. As the name of this principle suggests, we can program our minds to generate desired action by manipulating our words and way of thinking.

The NLP said that the way a person reacts to a certain situation is affected by his or her experiences. That is the reason why different people react to similar situations differently. For example a person may look at the idea of public speaking a scary one because he had suffered embarrassment while speaking in front of a crowd as a child. On the other hand, the other person may look at public speaking a rewarding experience because he received an award on speech before.

How Can NLP Help People Reach Success

Based on their study of successful people’s behavior and communication patterns, Grinder and Bandler were able to identify patterns of thinking that contributes to ones success. They found out that successful people share similarities in the way they think, speak, act and respond to certain events.

Using the neuro-lingustic programming, the developers believe that they can help an individual learn healthy behaviors and thinking that would pave the way to greatness.

They explained that this is possible since the experiences of humans are stored in the brain, it can be manipulated to change thoughts that are stunting one’s growth and development. These can be done by closely looking at the words and feelings that one use and associates with a certain situations, people events, etc. Apparently a person’s subconscious or inner feelings can be revealed by studying ones facial expressions, body movements and the words or phrases he used to describe a situation. A trained neuro-linguist therapist is needed to guide the individual in this goal.

Once the trained therapist saw the problem that needs to be fixed and its underlying cause, the individual would then be guided to understand it. By using various tools such as Milton model, meta model, sensory acuity, submodalities and system representation, the therapist would then try to remodel one’s thoughts and mental associations to gradually erase preconceived notions that are causing the problems in one’s life. These can be then replaced by healthy attitudes and behaviors that would help one overcome fears and reach their dreams.

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Master the Markets with the Forex Training Enrollment Kick-off for December

Thanks to everyone who shared their results from the trades sent out the last few weeks. I appreciate all the Forex traders who have expressed interest in learning to apply these techniques every day, identifying the best trades on all time frames without even knowing which way the pattern on the next higher time frame is going. Some of you are just getting started in Forex and some have been trading for years and are already well trained in many systems.

For all of you who have been waiting for an opportunity to learn what really works in Forex trading without having to shell out a lot of dough for expensive courses this is your week. I heard your request and I really feel like I will be doing something worthwhile if I can help you to finally master this business once and for all over the next few months.

This is the last Forex training you will ever need and it will take you from step one all the way through to how to master the markets on all time frames including the subtle distortions of pattern that occur every day in the Forex market. You will never need to buy another proprietary indicator, software, robot, etc because you will possess the real skill yourself and no one can take it away once you have it.

For this month, we have opened the doors for new members to take advantage of the easiest payment equal to one and a half Starbucks lattes.

If you have ever wanted to look over the shoulders of several professional Forex traders who now earn their sole source of income from trading, this is exactly what you have been looking for. No more hype. No B.S. Just pure trading insight and skill.

During this brief opening for 2011, you will receive 3 months of free daily live training in the Platinum Trading Group. Currently 1500 people have requested information on membership in the Platinum Trading Group and membership is strictly reserved for those who have purchased the course. The 100 openings that are available for 2011 are only available for free as part of the training system purchased with the Yin Yang Forex Trading Course.

How To Trade Forex With The "Rhythm Of Profit" By Doing The Opposite Of The Herd

Today I was walking along a gray weathered wooden pier looking at old
fishing boats and I caught a whiff of some pungent fresh grouper that
a leather faced old man held up to me in a bucket. “Did you catch
that yourself?” I asked but he just smiled and said something
incomprehensible in native tongue. My companion spoke to him in his
language and then he smiled proudly and pointed out over the
sparkling sapphire blue water toward the nearby island lined with
tall coconut trees gently waving in the breeze.

He explained that his family owned the claim to a fishing area where
they sat under the hot sun in a covered bamboo thatched raft and that
this morning a school of the bright red speckled fish had passed
through and they had hauled in this bucket full. The family always
caught the fish between 5 and 7 AM and sold them between 8 and 10 AM
in order to keep the proper “rhythm” for a profitable business.
Then there was another round in the afternoon to supply the afternoon
fish market customers.

In Forex Trading most traders choose to enter and exit trades in a
way that is not in the “rhythm of profit” This rhythm is partly a
How To Trade Forex With The "Rhythm Of Profit" By Doing The Opposite Of The Herd


psychological mindset that is different from what is “normal”
behavior. But it is also a very specific technical analysis method to
enter and exit trades at the points that tend to give maximum profit
and high probability for consistent winning.

Once you see how this works and experience it for yourself it can
transform your Forex trading business quickly and empower you to
finally get the results that you always knew were possible but just
could not achieve consistently. Even many “professional” Forex
traders end up scratching their heads in confusion as they look for
many different reasons to enter and exit trades which fail to put
them into this natural rhythm.

You can see right on the charts that this rhythm has been working as
far back as you care to test on any time frame. Why isn’t everyone
doing this? Maybe the same reason everyone isn’t forming the world’s
most successful companies like Microsoft, Facebook, or Google. This
is for the few people whose eyes are open to opportunity and
transformation.

Here's the Rhythm of Profit Video I made for you: http://www.youtube.com/watch?v=R4XOe38VRt8

Live deliberately, trade deliberately.

Scott Shubert

P.S. Here’s the video again: http://www.youtube.com/watch?v=R4XOe38VRt8

There are still some positions open for the 2011 Platinum Trading
Group. We will be ending this enrollment period for the Yin Yang
Forex Trading System on the last day of December. For now we will
be sending out your video training system asap so you can start
during December and be ready to participate in the live trading
sessions in January.

10 of the Most Expensive Private Islands You Must See!

Want to know how the rich and famous live? Well, there is nothing that spells success than owning your own personal island paradise. We can just imagine how private islands, with their bare beaches, spectacular 360-degree views and delirious isolation, are coveted by billionaires and celebrities alike.

The main objective here in owning an entire island is the word "private." It gives one a feeling of seclusion, isolation, away from the prying eyes with a huge body of water serving an effective barrier to the outside world. However, owning a private island is now getting scarce. Most have been turned into resorts and others into government conservation areas.

Nonetheless, there are still private islands which one can rent, for a considerable sum of course. So just to give you a fair idea of how much a nigt on these islands could cost, here's a list:

*The Soneva Fushi in the Maldives (about $600-$3,000 a night), each guest has only a small patch of beach, but it is truly private, with dense vegetation between residences.

*The half-mile beach of Little Dix Bay ($300-$3,600 a night), Virgin Gorda, British Virgin Islands, is reserved for the resort's guests. And guests staying in one of the 12 villas at Le Taha'a (about $900-$2,500 a night), Society Islands Archipelago, get a patch of beach entirely concealed by rock walls.

*Then there's Richard Branson's Necker Island, in the British Virgin Islands, is a 74-acre paradise that can be rented for about $46,000 a night. The entire Guana Island can also be rented for around $19,000 to $26,000 a night.

*Las Alamandas, Mexico has only six villas on this 1,500-acre estate owned by Isabella Goldsmith on Mexico's Pacific Coast. The Las Alamandas landing strip is accessible from either Puerto Vallarta or Manzanillo airport. For total beach privacy, pick up a lunch packed by the staff and hike to one of the secluded surrounding beaches. Too relaxed to hike back? Use the walkie-talkie you're provided and a staff member will give you a ride. About $400 to $2,000 a night.

*Le Taha'a, Society Islands Archipelago
About 380 miles west of Tahiti in the Society Islands Archipelago, Le Taha'a is a privately owned island that is a five-minute boat ride from the main island of Taha'a. The resort offers 48 over-water suites and 12 beach villas where rock walls surround private sections of beach. About $900 to $2,500 a night.

*Kamalame Cay/ Kamalame Cove, Andros, Bahamas

Only 20 beach villas dot this mile of private beach that makes up Kamalame Cay resort off the coast of Andros Island, protected by the third longest barrier reef in the world. Accessible only by private ferry or seaplane, the beaches of Kamalame Cay are shared only with other guests of the resort. For total solitude, book a week in the villa at Kamalame Cove, a 7,500-square-foot private peninsular on four acres attached to the mainland of Andros Island by a narrow strip of beach. The villa holds up to eight guests. About $800 to $3,500 a night.

*Guana Island, British Virgin Islands- With no more than 30 guests sharing the private 850-acre island of tropical forests, mountains, valleys, and, of course, beaches, you won't have to try very hard to find yourself alone on the sandy shore. Fly into the Virgin Islands Beef airport (which also accommodates chartered planes), where a boatman will be waiting to whisk you off to the iguana-shaped island that gave Guana its name. The entire island rents for between $19,000 and $26,000 for up to 32 people. A guest room or bungalow? About $700 to $3,000 a night.

*The Beach House, Barbuda - With only 20 suites on this virtually private island in the Caribbean, you'll get the attention (when you want it) and privacy, with your own personal butler service. Horseback ride, snorkel or just sit in silence on this practically deserted stretch of Barbuda beach. About $750 to $1,300 a night.

*Evason Hideaway at Ana Mandara, Nha Trang, Vietnam- Extensive, private tropical gardens overlooking the Nha Trang Bay are the highlight of this peaceful resort. Boasting about 250 days of sun a year and soft, white sand, Evason, accessible only by boat, owns a stretch of beach reserved just for guests. About $650 to $2,500 a night.

*Little Dix Bay, Virgin Gorda, British Virgin Islands- Little Dix Bay was established by Laurance Rockefeller in 1964, and the resort stays true to its founder's vision of escape from the ordinary. The half-mile of soft, white-sand beach is reserved for guests. For an even more private experience, take a water taxi to one of the surrounding hidden beaches. About $300 to $3,600 a night.

So did we whet your appetite yet? Go for it now.

Learn forex online

By: Natasha Silverman

Think, Transmit, Reality

These are the basics steps of the law of attraction.

I’m sure you have heard about it one way or another and have encountered it guise in another name like positive thinking, optimism and the likes.

If you don't dig into reading one of the many books on the subject, you might want to try viewing the documentary video, The Secret. It really helps to demonstrate these ancient principles and show how deliberately exercising this skill can put a person into the tiny percentage of people on the planet who create the results in life that they want.

So, what do you really want to happen in your life? What do you really want in life? What is it that you want to happen and achieve? Close your eyes and think about it. Really! Close your eyes and count your breath from 1 to 10 then let your mind wander into the realm of imagination. Visualize yourself in what you would like to happen in let’s say 5 days, think happily that you are transmitting this image to the universe. Hold on to that image for at least 10minutes. Feel the feelings associated with having that result.

Practice makes perfect so the cliché goes, so do the meditation and visualization routine as often as possible so you get to strongly transmit your visions for it to become a reality. What most people don’t realize is that they are practicing the law of attraction all the time but unfortunately we are often thinking about all the things that we DON”T want and therefore creating more of the same. The negative application of the law of attraction has become an unconscious habit for many people and that is why even a small shift of reaching for a positive thought as a new habit can produce immediate substantial results.

The law of attraction is an understanding of how the secret of success unfolds for all to learn and discover. Think only of positive thoughts, never of negative things that will just put you to shambles. Feel gratitude and appreciation for what you have and for what you are creating. The feeling of gratitude attracts more abundance while feelings of complaint repel positive results and attract more of what you complain about.

What you sow, you will reap. The law of attraction puts us above and beyond and those who obey the rules gets to reap the benefits. It is a mind game that is set to those who have faith and believe that your net worth depends on your inner worth. It is a law of magnetism that attracts or repels things, people or circumstances towards or away from you. What is not made up on your mind reflects the things that do not come into reality.

Five things you should follow in the law of attraction. Focus! Avoid being a scattered brain, thinking of too many things all at the same time, you might not transmit to the universe what you really want. You have to contemplate and think of one task at a time and diversify when you get the hang of it.

Subtract! Get rid of those fussy overly negative frustrations and unnecessary thoughts that block your vision. Don’t under estimate yourself, don’t be indecisive and insecure.

Attract what you desire! You are pulled towards what you desire in your heart and mind. You must think of what you want so that the thing that you want will be pulled towards you.

Action! Do something about it, take baby steps toward achieving your goal because faith without action is pointless and brings you zilch. Act with faith, because nothing will happen unless you do something about it.

Show your satisfaction! That is when you’ve learned to manipulate the law of attraction that you get others to see the marvels of this wonderful secret.

When it comes to financial success and business the practice of the law of attraction has become universally acknowledged as the essential key to getting desired results. After immersing yourself in these simple techniques you will see your results transform and begin to align with your higher vision and purpose.

By: Natasha Silverman
http://www.tradingmastermind.com

Philanthropy: The Secret Key to Lasting Wealth and Achievement

In these desperate and trying times, who do you turn to when things go wrong? A world that sometimes seems so cruel and unkind with no one reaching out to help you through your deepest and darkest black hole. You are alone and hollow. Your tears have run dry.
How horrendous this is when this happens to you and your life becomes a desperate nightmare!
Fortunately for people who have lost hope, there are hands that reach out and make it their advocacy to give back the love for life. These are the philanthropists whose desire is to make this world a better place to live in by supporting charitable causes or creating a charitable foundation themselves.
Philanthropy is an innate desire to improve the social, economic and spiritual wellbeing of humankind.
Philanthropy is not only for the rich and powerful, it’s for everyone to learn and master, this is becoming and truly being a person who is selfless and has known his purpose in life. Everyone has the ability to help someone even in a small way such as letting an old woman go to the front of the line in the bank or giving a coin to a street child who stands hungrily watching people entering a fast food franchise.
Men and women differ in their perspective when it comes to giving or donating. Studies shows that men tend to give to have a building named after them, pressure from office or peers or get a seat on a board of directors and women on the other hand give to make a difference, pass on family tradition and give back to community. Well, it might seem that the women have humanitarian reasons while the men have utilitarian views.
Whatever reason we might have in giving doesn’t really matter as long as we give and try to make a difference to alleviate the plight of the world.
Just put in mind the principles of powerful philanthropy which are: financially educate yourself, put your finances in order (spend less, save more, invest wisely and give generously), right mind set (you are a philanthropist!), think of your legacy you will leave in this world, consult professionals when giving donations and make it a family affair to teach your kids the values of giving and helping make this world a better place to live in.
Being a philanthropist does not necessarily mean you are a big spender, so better be thrifty and be wise in making buying decisions so you could save more. Most importantly is how to invest wisely and create wealth and affluence that offer an ideal lifestyle for yourself as well as enabling you to make contributions to worthy causes. In our Forex trading community many entrepreneurs have expressed the desire to use their knowledge and skill in currency trading to contribute something worthwhile and meaningful to others less fortunate. Having a strong vision and reason “why” behind your business activity gives tangible life and power to your efforts. Many success gurus insist that tithing and giving to charity is the secret key to long term success and wealth.
Having read this article, you may want to become a part of the ranks of top philanthropists (named by Chronicle of Phlanthropy in 2009) like Stanley and Fiona Druckenmiller (donated $705 million), John Templeton ( donated $573 million), Bill and Melinda Gates ($350 million), Michael Bloomberg ($254 million donated), and Louise Dieterle Nippert ($158 million donated). One thing is for certain. And that is that when you give you will feel like your life has a greater purpose and you will definitely feel happier, uplifted and inspired.