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Sorry to say that i'm one of the victim of the KuasaForex Scamm . Hopefully people will realise that Isakas by our Bro Zeman is free and will stop buying that good for nothing book .
Better for me to take the money and treat you guys to some Nasi Kandar here ....
Salam Ramadhan to all and regards ,
Me too...
When I asked more thru email... the end statement "please attend our seminar"!!!
But, at least we learned thru mistake & it shows that we're keen to learn, right? So, not to "nyesal" too much!
that indicator is different one with other pivot indicator..
actually I also use fibo_piv2 with isakas..
maybe zeman can help to attach that indicator here..
Exactly...
because there are many variant of pivot Pivot indicators
It's makes me confused
And until now,
I still have a little trouble
How to set the SL and TP...
According to my experience,
my trade often touched the SL (but when I saw the chart, the trend didn't go to the reverse side)...
So, please tell me the right way how to set the SL and TP.
__________________
Still Learning....
Need your guidance...
Hello all in this forum
This forum seems to be very efficient and influencial
and this thread seems very useful
I am new in forex
and I am oscillating inside its waves
The overbought territory is BreakEven
The oversold territory is Losses
I am going to use ISAKAS ASHI
But I need to know some thing Can I apply it on 4 hours chart?
Wish some one replies me..
Thank U
Beforehand
because there are many variant of pivot Pivot indicators
It's makes me confused
And until now,
I still have a little trouble
How to set the SL and TP...
According to my experience,
my trade often touched the SL (but when I saw the chart, the trend didn't go to the reverse side)...
So, please tell me the right way how to set the SL and TP.
Bro Zeman,
To my understanding, one should wait to make any position when arrow up/down starts displaying. Wait for the second bar appears & matching colors with FTMCAD and deal.
What happen when we open any chart and it looks like the arrow was started earlier & to wait for the new arrow, it may take long times.
When can we make a position for example in the attach image? (NZDUSD)
because there are many variant of pivot Pivot indicators
It's makes me confused
And until now,
I still have a little trouble
How to set the SL and TP...
According to my experience,
my trade often touched the SL (but when I saw the chart, the trend didn't go to the reverse side)...
So, please tell me the right way how to set the SL and TP.
Hiya WizBiz !
Bro , i fully understand your issues as i'm exactly like you 2 months back . When i set my stop loss ( usually 20 pips below my entry price ) it always hit and after hitting my stop loss the **toot** price went back up again ...
And i think the other seniors didn't answer this type of questions is because its an open ended question with many ramifications . The best that i can offer you is just my own personal tips ...
1 - You MUST have a Money Management System (MM) !! Know how much you can risk in every single trade . This way , you can embed your own Risk / Reward Ratio and know how much you can risk in a single trade .
Example :
You have a risk capital (deposit) of USD 1,000.00 and your own MM is that you are prepared to risk 5% of your capital . If you enter a contract of 0.1 Lots ( 1 pips = 1 USD ) , that means you are prepared to risk a maximum of 50 pips .
So , lets say you're entering 0.1 Lots for Euro/USD Long at 1.4075 that means you will set your SL at 1.4025 ( 50 pips difference ) . For T.P , its the same , TP should be built-in into your MM System . For this example lets say we set a TP of 15 pips ( as recommended by Bro Zeman ) , and using the TF30 as our Main Screen . ( Using Isakas 2 as entry indi of course !! )
And because you have did your research beforehand, you know that the USD will be weak after the Fed Rates cut of 50bps and a Discount Rate cut of 50bps and after some time , you hit your TP target . The price did fluctuate but because you have set your SL a reasonable distance away ( as per your MM ) , it did not touch your SL . So a big smile with a profit of 15 USD !
This is just a simple example . You should incoporate Support and Resistance Values , Fibonacci Retracement Values and Fundamental Analysis forecast at the very least to have a good MM in place . There are so many other variables that you can put in place to make your MM as excellent as possible . I'm also still learning and the more i learn about FX , the more i realise that there is so much more to learn ....
Anyways , all the above means that the SL and TP values is not set in stone . Its a dynamic value and it depends on YOU and your MM to make it into a "meaningful" value ...
Hello all in this forum
This forum seems to be very efficient and influencial
and this thread seems very useful
I am new in forex
and I am oscillating inside its waves
The overbought territory is BreakEven
The oversold territory is Losses
I am going to use ISAKAS ASHI
But I need to know some thing Can I apply it on 4 hours chart?
Wish some one replies me..
Thank U
Beforehand
Hello bro ,
If you're planning on using a longer TF , i think you should use Isakas CS and not Isakas 2 . CS stands for Candle Sticks . ( Not Creative Suite !! )
But in order to do so , your CS knowledge should be up to par . ( hanging man , shooting star , marobuzo , harami , the 4 main doji , engulfing patterns , 3 inside up , inverted this and that , the evening stars etc etc etc ... well u know , the whole CS Jazz .. )
But if you want to , i'm sure you can do it . Get your Isakas CS at Bro Zeman Main Posts . All the best bro !!