McDonalds Surprise Alarm App - forex trading youtube videos

McDonalds Surprise Alarm App ~ forex trading youtube videos

McDonalds Surprise Alarm App

Have you ever wondered why McDonalds are always the fast food restaurant with the longest queue?

I dont know about you, but the way i see it, its because of people

like me (cheapskate you would say...haha) using their free rewards app McDonalds Surprise Alarm App redeeming free food or food at discounted prices.

If its not about food, they
give you a quote of the day as consolation. 

But hey, whos complaining? 

Its an alarm, its a reward, its free!

How do you use the app?

You can download the app here.

After you have downloaded the app and created an account with them, you can set the time for your reward straightaway!

1) Tap on alarm

2) Tap on the hour, minute or am/pm and move the rim (yellow) to change the settings. You can also tap on the days you prefer the alarm to set off. (I just tap every day.)

Once you are done, tap save and you are 24 hours away from your next reward 

To redeem, just show your winning screen to the friendly McDonalds staff at the counter (you have 48 hours to claim your reward before it expires)

3) Tap on redeem once and in the next screen, tap redeem again until you see the 2 minute timer starts to count down

Congrats! You just saved yourself a few dollars. 

P.S - Ensure you have data connection when your alarm rings or you will not receive any prize. (by the way, it is very persistent and will continue to ring if you ignore it.) Also ensure you have data connection when you are redeeming your prize at the counter. 

PP.S - Reward works only once in 24 hours so do not attempt to set it for every minute. (coz ive tried it...)

Download from Google Playstore or Appstore

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Fibonacci basic tutorial - forex market hours gadget windows

Fibonacci basic tutorial ~ forex market hours gadget windows

My experience makes me a believer in the adage that there is a natural order in the markets that has more geometric symmetry than most traders realize or want to believe. This is a fact, not subjective, because almost all market turning points adhere to a certain numerical sequence that you can prove to yourself by looking at historical charts. This sequence applies to both price and time. The primary tool used for this trade analysis is Fibonacci relationships. They include Fibonacci retracements and extensions, as well as time measurement, pivot dates by ratio and numerical sequence.

There is no need to go into the history of Fibonacci, other than to know it is the force that rules the movement of about anything you can imagine, including the financial markets.

The Fibonacci series is a numerical sequence that expands by adding the previous numbers together as shown here:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, etc.

Fibonacci

The most interesting property of this numerical sequence is that as the series proceeds, any number is 1.618 times the preceding number, and 0.618 of the next number.

Example:

1.618 x 34 = 55 x 1.618 = 89 x 1.618 = 144.

.618 x 55 = 34, .618 x 89 = 55, .618 x 144 = 89.

The .618 and 1.618 numbers are what they call the Golden Numbers. You will also see the sequence root of .618, which is .786, and 1.272, the square root of 1.618, occur frequently in your trading.

Suffice to say, the Golden Numbers are dominant in math, nature and science. Planets revolve around the Golden Number, as does your heartbeat on an EKG, and even the index finger on your hand. Each section of your index finger, from the tip to the base of the wrist, is larger than the preceding one by about the Fibonacci ratio of 1.618. And lastly, they tell us that the Egyptian pyramids are based on the Golden Ratio/Numbers.

Key Point:  My source for all of this trivia is goldennumber.net, but you can just go to Google.com and find any number of sites that give you this background in volume. If you believe it, I can teach you how to use it in a pragmatic way trading and investing in the markets.

Key Point:  In spite of all the financial, economic and geopolitical events that affect the markets, you will see beyond any doubt that the up and down price fluctuations in all major markets are governed by the Fibonacci Golden Ratio.

Fibonacci is a sequence tool that is excellent by itself and that becomes very powerful when combined with volatility bands and standard deviation, let alone any of the other tools.

Fibonacci Retracement

I use the following Fib retracement ratios:

• .236
• .382
• .50
• .618
• .786
• 1.00
  

The minor ratio that will come into play sometimes is the .707 Fib retracement (square root of .50).

Retracements depict the potential reversal levels, support and resistance.

To calculate a retracement in an uptrend, which is when a stock rallies and then pulls back to some percentage ratio of the previous swing point low, you would do the following:

• High - Low x Fib Ratio, then subtract it from the High.
  

• 
  

  Calculation of .618RT level    

  
  

      60 - 40 = 20 x .618RT = 12.36

      60 - 12.36 = 47.64 (.618RT level)
• Complete the other ratios for practice.
  
• To calculate a retracement in a downtrend, which is when a stock declines and then pulls back to some percentage ratio of the previous swing point high, you would do the following:
  
  • High - Low x Fib Ratio, then add it to the Low.
    
  • Calculation of .382 level
    
        50 - 30 = 20 x .382 = 7.64
        30 + 7.64 = 37.64 (.382RT level)
     mplete other ratios for practice
  • 
    
    
  • Fibonacci Extensions
    I use the following Fib extensions ratios:
    
    • 1.272
    • 1.618
    • 2.00
    • 2.24
    • 2.618
    • 3.14 (Pi -- Key ratio)
    • 4.236 
    These extensions occur after price exceeds the 1.00 level and makes new lows or new highs beyond the last leg.
    A minor extensions ratio that will come into play sometimes is the 1.414.
    To calculate a Fib extension after price exceeds the low or high of the last leg, you would:
    Extension down
    
    • High - Low x Ratio, then subtract from the High.
      
    Calculation of 1.272 extension down
    
        90 - 80 = 10 x 1.272 = 12.72
        90 - 12.72 = 77.28
    
     Extension Up
    
    • High - Low x Ratio, then add to Low.
      
    • Calculation of 1.618 extension up
      
          90 - 80 = 10 x 1.618 = 16.18
          80 + 16.18 = 96.18
      
      
       
      
    • We have given you some Fibonacci background, and the basics of calculating the retracements and extensions, in addition to the ratios that I suggest you use. Now we will build on that.
      Key Point:  When you look at retracements and extensions in terms of price, you should also look for symmetry of time using the same ratios. It is not mandatory that you have both, but it is much better symmetry when you do, which builds your case for higher probability.
      Key Point:  Once you have identified a high-probability zone, it is the price action at that zone that determines what you will do.
      The following SPX charts will demonstrate retracement, extension, time and price action at different zones.

      

      Fibonacci Tutorial 

  • This SPX weekly chart frames the Fibonacci retracement levels between the 1553 top and 769 bottom. You can see that the .236RT to 1553 of 954 was a major obstacle. The first rally from 776 reached 965, but didnt close above it.
    From 965, the SPX declined to the 769 bottom (A) and then rallied to 954, right at the .236RT level, but failed to close above 954. The next leg down (BC) made a 789 low, then reversed to the upside and approached the .236RT level for the third time.
    Key Point:  The more price trades at resistance or support, the weaker the line is and the probability of penetration increases.
    Price breaks above 954 and trades to the 1015 level. The 1.272 Fib extension of the BC leg is 999, and for 12 weeks, the SPX traded sideways with a high close of 998.
    Key Point:  If price breaks out of a range at a Fib level, the highest probability is that it will seek the next level.
    
  • The .382RT to 1553 is 1068, and that is exactly where the SPX traded and went sideways for four weeks (more detail on next chart) before breaking out and trading to the next Fib zone, which is the .50RT to 1553 of 1161. Notice also that there is a confluence with the 2.24 Fib extension of the BC leg at 1159. At the completion of this course on Jan. 29, 2004, 1155 is the rally high on Jan. 27, the SPX had traded down to 1122.38.
    This chart demonstrates the natural order that the SPX has traded just using Fib retracements, extensions and time, which you will see better on the next chart. You have anticipated the key zones in advance.
    
  • On this chart, we will start with the time symmetry that is present in this move.
  • The BC leg from 954 - 789 was 14 weeks to the low and 13 weeks (Fib number) to the low close. Any reversal bar setup right there had to be taken. The 789 low week was a reversal bar (Hammer) with a high of 841.39. Sequence traders took entry.
    Now it gets more interesting. Once price broke out above 954, you had anticipated the 1.272 zone, but on this chart, you also see that the last low in that zone was week 21 following the 789 low week. 21 is the 1.618 Fib extension of 13. Price then rallied, breaking out of the 1.272 zone range.
    Key Point:  When looking for time symmetry, you can use the low close or low, and measure it with a high close or high. That will all be considered symmetry.
    
  • After the 1.272 breakout, the SPX traded right up to the .382RT zone at 1088. The first weekly bar in that range was the 34th week, and price went sideways for four to five weeks with a high of 1064. Once again, there was price and time symmetry, as 34 (Fib number) is the 2.618 Fib extension of 13.
    The advance above the .782RT level means anticipation of the next Fib RT zone, which would be the .50RT to 1553 at 1160. There is also a .50RT to the 1530 secondary high of 1150, and then the 2.24 Fib extension of the BC leg at 1159. The 1530 high was the 1,2,3 lower top to the 1553 all-time high after the initial decline to below 1350 from 1553. That would make it a significant high to measure a retracement.
    From a time perspective, the 1155 high is Week 46 and the high close is Week 45. The 3.14 Fib extension of 14 is 44.
    Review these two charts several times so you gain a good idea of the structured way a market trades most of the time and enables you to anticipate high-probability zones where you will take some kind of action, either buy or sell, but it is never nothing.

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Renko Chart Tutorial - forex market open hours indicator mt4

Renko Chart Tutorial ~ forex market open hours indicator mt4

How trade with renko chart

Box Renko

How is a 10 pip renko bar formed?

1. A new green (UP) renko bar forms only after the current price surpasses the top of the previous

renko bar by 10 pips.

2. Green renko bars open on the bottom of the bar and close on the top of the bar. Green renko bars display the closing price which is also the HIGH price for this green renko bar.

3. A new red (DOWN) renko bar forms only after the current price surpasses the bottom of the

previous renko bar by 10 pips.

4. Red renko bars open on the top of the bar and close on the bottom of the bar. Red renko bars display closing price which is also the LOW price for this red renko bars.

Advantages

Renko Bar Charts offer the following advantages:

1. Visual Appeal

2. Zero Indicators

3. Objective Decision-Making Process

4. Filters Out Market Noise, i.e. “whipsaws”

5. Displays Areas Of Support And Resistance

6. Based On Price Action (movement of prices)

Renko bars remove the “distractions” seen on typical bar or candlestick charts. These distractions include “whipsaws” such as long wicks, false breakouts and price volatility.

Renko bars clearly define current trend and key price levels such as support & resistance and trend reversals.

Buy Setup

A #1 Buy Setup represents a pullback in a current trend. Look for the following:

1. A trend (x-y) or sequence of green renko bars followed by a pullback (y-z) of red renko bars.

2. Wait patiently for the 1st green renko bar (Trigger Bar) to close immediately following the pullback. Enter trade here.

Renko Chart

3. Make sure the last red renko bar (z) on the chart is higher than the last red renko bar in the previous pullback (x).

4. This setup is a higher swing low. Place your stop loss underneath this higher swing low (z) or the previous swing low (x).

Sell Setup

A #1 Sell Setup represents a pullback in a current trend. Look for the following:

1. A trend (x-y) or sequence of red renko bars followed by a pullback (y-z) of green renko bars.

2. Wait patiently for the 1st red renko bar (Trigger Bar) to close immediately following the

pullback. Enter trade here.

3. Make sure the last green renko bar (z) on the chart is lower than the last green renko bar in

the previous pullback (x).

4. This setup is a lower swing high. Place your stop loss above this lower swing high (z) or

above the previous swing high (x)

Scalping setup with renko chart

1. Determine How Much Risk: Money Management

2. Identify a FX trade setup (Buy or Sell Setup)

3. Enter trade

4. Manage trade/exits

Renko Bar Chart Parameters:

1. 2 or 5 PIP renko bars

2. Use a 10 TICK chart (Look for CLOCK icon)

3. EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/CHF,

USD/JPY, NZD/USD, CAD/JPY, EUR/JPY and GBP/JPY

Trade Exits:

1. 3 Renko Bars Reversal:

3 renko bars of opposite color appear and close on charts. Use a 6 to 15 pip trailing stop if you want to “automate” this type of Trade Exit.

2 Fixed Amount:

100% exit at 1st profit target. Use a fixed take profit to “automate” this type of trade exit.

Swing with renko chart (setup)

1. Determine How Much Risk: Money Management

2. Identify a FX trade setup

3. Enter trade

4. Manage trade/exits

Renko Bar Chart Parameters:

1. 10 PIP renko bars

2. 1 minute time frame

3. EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/CHF,

USD/JPY, NZD/USD, CAD/JPY, EUR/JPY and GBP/JPY

Trade Exits:

1. 3 Renko Bars Reversal:

3 renko bars of opposite color appear and close on charts. Use a 30 to 50 pip trailing stop if you want to “automate” this type of Trade Exit.

2 Fixed Amount:

100% exit at 1st profit target. Use a fixed take profit to “automate” this type of trade exit.

Position Trader

1. Determine How Much Risk: Money Management

2. Identify a FX trade setup

3. Enter trade

4. Manage trade/exits

Renko Bar Chart Parameters:

1. 25 PIP renko bars

2. 1 minute time frame

3. EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/CHF,

USD/JPY, NZD/USD, CAD/JPY, EUR/JPY and GBP/JPY

Trade Exits:

1. 3 Renko Bars Reversal:

3 renko bars of opposite color appear and close on charts. Use a 75 to 125 pip trailing stop if you want to “automate” this type of Trade Exit.

2 Fixed Amount:

100% exit at 1st profit target. Use a fixed take profit to “automate” this type of trade exit.

Trade exits

Trade Exits are a very important function of a trader’s profit/loss performance. Ideally each individual forex trader needs to find an exit strategy which fits his/her trading personality and trading objectives.

Whether you are a Scalper, Swing or Position trader, you need to experiment with your trade

exits in an effort to maximize your profits.

Scalping: I suggest starting with 3 to 5 Renko Bars or a 10 to 15 pip stop loss and using a

1:1 take profit or use a 10 pip trailing stop loss set on initial 15 pip stop loss.

Swing: I suggest starting with a 3 Renko Bar or 30 pip stop loss and using a 1:1 or 2:1 take

profit or use a 10 pip trailing stop loss set on initial 30 pip stop loss.

Position: I suggest starting with a 3 Renko Bar or

75 pip stop loss and using a 1:1 or 2:1 take profit or use a 10 pip trailing stop loss set on initial 75 pip stop loss.

Money Management

Keep your % risk the same for each trade.

1. Conservative: 0.5 % - 1.0 %

2. Moderate: 1.0 % – 3.0 %

3. Aggressive: 3.0 % - 5.0 %

Start conservative until you develop the discipline to recognize the 4 FX

trade setups and execute them without making any mistakes.

Adjust your % Risk each Week. This approach will protect your trading capital when you are losing trades, and allow you to grow your capital faster when you are winning trades.

Always keep your % Risk where you decide it needs to be. Adjust your position

size if you need to use a larger stop loss. Do not use a larger % Risk with larger stop loss.

Renko Chart tutorial Quiz

How to trade with renko chart Quiz

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Support and Resistance with candles - forex market hours clock widget

Support and Resistance with candles ~ forex market hours clock widget

Price action strategy

Support and Resistance with candles is a price action strategy.

Buy/Sell Trade rules:

#1 correct time to trade:

(A) UK Session 2:00AM 3:00AM 4:00AM.

(B) US Session 8:00AM 9:00AM 10:00AM.

We always start to look for a potential trade setup at the start of each

hour in either the UK session or the US session.

The best entry time is always within the first 30 minutes from the open of

the hour candle; however, we never enter a trade near the close of the

hour candle because price may reverse in the opposite direction.

After 40 – 45 minutes have past it is best to wait for the next hour candle

to open to look for another setup but it is ok to look for trades from say

9:00AM to 9:40AM.

#2 support & resistance:

You need price to open at the start of the hour and bounce off of a major

S&R level then reverse back up/down to buy or sell.

#3 entries:

Once the candle changes from red to blue by 1 pip you will buy.

Once the candle changes from blue to red by 1 pip you will sell as long as

it just bounced off of a major S&R level using the tools explained above.

#4 stops and profit targets:

Your stop loss will be 1 to 5 pips below the swing low of the current hour

candle you are trading.

Your take profit target will be the closest level of support or resistance

using either the Whole Numbers or Pivot Points or where price itself hit

in the past.

Financial Market: Indicies and Forex.

Time Frame 30 min or 60 min.

Whole Numbers or Pivot Points are lines of Support and Resistance.

Entry & Exit & SL & TP

Here is a sell trade example selling off of a major resistance “reversal

point” using 1 or more of the tools and experience you just learned from

watching the videos above:

Buy Trade Example

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Donchian Channels with 50 Simple Moving Average - forex trading 1 hour chart

Donchian Channels with 50 Simple Moving Average ~ forex trading 1 hour chart

Designed to Trade Quick Momentum Moves

Best Suited for Day-Trading Forex

Select Time Frames / Any Market / Any Direction

Best Time Frames: 20, 30, 45, 60, 90, 120 min.

Learn the Strategy – Paper Trade First!

The Specialist’s Edge – Consistency

Indicators:

50-period Simple Moving Average (sma),

14-Donchian Channels.

Rules - Buys

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be above the 50-period sma.

2. Look to buy when the close is either at, or 1 pip below the high of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

4. Enter to buy on the next bar only, if the price trades 1 pip above the SET UP bar’s high. (If price does NOT trade 1 pip higher on next bar, then negate the trade).

5. Place protective stop 1 pip below the low of the SET UP bar.

6. Sell (exit) on Range Extension of 200% and/or 300%.

Step 1

Price must be above the 50-period sma.

Step 2

Look to buy when the close is either at,or 1 pip below the high of the price bar. (SET UP BAR)

Step 3

Either the SET UP BAR or the previous bar is the lowest low of the last 5 bars.

Step 4

Enter to buy on the next bar only, if the price trades 1 pip above the SET UP BAR’S high.

(If price does NOT trade 1 pip higher on next bar, then negate trade).

Step 5

Place protective stop 1 pip below the low of the SET UP BAR.

Step 6

Sell (exit) on Range Extension of 200% and/or 300%.

Rules - Sells

TIME FRAMES: (Works best on 20, 30, 45, 60, 90, 120 min bars).

STRATEGY RULES:

1. Price must be below the 50-period sma.

2. Look to sell short when the close is either at, or 1 pip above the low of the price bar. (SET UP BAR)

3. Either the SET UP BAR or the previous bar is the highest high of the last 5 bars.

4. Enter to sell short on the next bar only, if price trades 1 pip below

the SET UP bar’s low. (If price does NOT trade 1 pip lower on next bar, then negate the trade).

5. Place protective stop 1 pip above the high of the SET UP bar.

6. Buy to cover (exit) on Range Extension of 200% and/or 300%.

Donchian Channels with 50 Simple Moving Average Sell

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Forex Trading Strategy 1 - forex trading yang aman

Forex Trading Strategy 1 ~ forex trading yang aman

3 x 21

Conditions required:
1) Moving average 3
2) Moving average 21
3) H1, H4 and D1 charts

As the name suggest, this strategy has something to do with 3 and 21. And the reason being
to set 2 moving average lines as 3(blue line) and 21 (green line). These 2 lines will follow the trend of the market and moves up and down with the market.

Once they cross each other, it gives us the signal to start firing!
As shown in the chart above, the blue line (3) crosses the green line (21) indicating a possible down trend coming. But we cannot confirm that this is actually happening until we see the next bar in the next hour, therefore we need to wait for the confirm bar to come out before firing our trade as there is always a chance that it may go against our direction. Though you may by all means fire if you are confident. :)

Another example is show on the right of the chart indicating an up trend. Are you able to spot without any explanation?

However, to be certain of the trend, you will need to look at the H4 and D1 charts. Generally if the trend is going our way, we can take a 20 to 30 pip profit.

If at this point, you are still unsure of the 3 line and 21 line thingy, no worries. Let me put it this way, imagine a person carrying a 3 kg load versus 21 kg. It is definitely easier to lift up the 3 kg than 21 kg load, therefore indicating up trend when 3 is higher than 21.

On the reverse, it is more difficult to carry 21 kg load over a 3 kg, therefore indicating a down trend.

More examples below. Can you spot the up trends and down trends? The crossovers and confirm?
Blue line = 3
Green line =21

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