Stay tuned for our summer series announcements, you will feel very well educated or reviewed by the end of this summer 2012, guaronteed...
Mark teaches basic chart reading skills, Peter teaches the finite art or nuances of chart reading, comprising an trading EDGE.... the Big Lights Strategy that will best manage the RISK of trading the forex. So depending on what level of trader you are, determines who's class you need to attend. How I blueprint trading plans, using D1 and W1 charts for anchors, according to what the market has to give. As single currency drivers change from strong to weak applying pressure to the parallel and inverse Majors and Yen, I look at the charts for pairs with best angle and separation, patterns, easy to read waves and BO signals as to what their next direction will be. The market always telegraphs it's next moves, and it pays to listen to what the charts are saying.
Nuances of the BL strategy: pairs telegraphing their next moves on the D1 and W1charts with good headroom, that's what I am all about... Looking at the market going forward for my next trade, hindsight is BS. Mark teaches basic chart reading skills. Peter teaches the finite art or nuances of chart reading, both basic and advanced chart reading comprise my trading EDGE to offset the RISKS of trading the forex. Keep your powder dry, let the ducks come into full view before bagging your catch, instead of chasing the market like a scalded dog. By recognizing what the market has to give each day, you can enter D1 trades on a proper signal, or if the D1 charts are flat and going nowhere, go down to the intra day charts to catch the fresh moves that meet my criteria or probabilities, using the Big Lights Method for trading as my EDGE.
Can you relate to what the market is saying???? Next question I ask is, which currency has the best resistance against the USD it that is the driver, and what is the River saying on the D1 and W1, to assess the energy flowing into each pair... Energy represents - Supply and Demand pressure, or a Buying and Selling pressure gauge. So in essence the River tells me which pair has the best probabilities for a successful trade, or as Mark use to say, Angle and Separation, Angle and Separation, Angle and diverging Separation. Learn to speak the forex language fluently, then trading will become second nature and very comfortable. Let us not forget from whence we came.... I remember Mark saying, if only two charts were available, I would choose the Mid Term and a Short Term timeframe to do an analysis, it will be obvious what the smaller timeframes are doing. A lesson, as Mark use to teach it. Look at the overall trend on the Mid Term, determine the direction of the trade on the Short Term, drill down to a smaller minute chart for a entry on a break of support or resistance, respectively. Learning to understand what the charts are saying will unleash bocu pips into your life. With that said....
Peter showed us how to drill the charts to examine the embedded trends and how they fit into the long term trends in his webinar last week. How valuable it is to know how to plan a trade using the information on the chart we are looking at, and how to drill the charts through the embedded trends magnifying the longer term trends. Then it is a matter of which pond do you want to fish in????
Aud/Cad W1 chart shows the pair respecting a four year trend line. Question on the Aud/Cad pair is: will the trend line be respected or broken? On Aussie dollar weakness across the board the W1 chart did break a 4 year trendline, with angle and separation. Next pip target is 9618 on the W1 chart, because the D1 chart pip target is < 100 pips.
If you check out the Aud/Cad D1 chart, you will see a flat river, and the pair has oscillated down to support, what do we need for a trade entry into this pair???? Then if you drill down to the Aud/Cad 4 hr. to have a better look, you will see the pair is just crisscrossing back and forth across the river, so I put this pair on a watch list until I get an affirmative river BO with respect. Or trade the 4 hr. 100 to 150 pip oscillation if you want to fish in that pond, your choice.
Lesson: if the pair just retraced to the river then resumed the downtrend, the entry would be on Aussie weakness across the board. But I always hang my hat on the long term trends and trade accordingly.....
As market dynamics change, I want to be first in line for the next party. FASCINATING as chart dynamics unfold, telling a story. Learn Chart Dynamics, listening to what the market is saying. We trade in a Supply and Demand market, that dictate the all important Support and Resistance levels used to monitor our entries and exits.
Let's see if the Yen cross pairs have anything in common, or the domino effect going on???
Gbp/Jpy D1 chart, first yen cross pairs to give a D1 entry on a RBO. The Gbp/Jpy 4 hr. chart shows a break out of the river with momentum, indicating a good entry and a fresh cross on the D1 chart is eminent.
What is the rest of the Pound group doing... Gbp/Aud D1 chart tells a story allowing those that read charts to trade looking forward with some degree of accuracy, keeping losses to a minimum. There is always a change the pound could weaken causing the pair to double top and the fresh cross on the 512 and the river to collapse, but with two pound pairs doing the same thing, chances become greater the predicted pip target will be fulfilled.
The Gbp/Usd D1chart shows the pair at a critical resistance level the pair will need to BO of to reach the next predictable pip target. Learned my lesson well in Mark's afternoon Big Lights class, no pip target no trade it's as simple as that, lol ask me how I know. My analysis got canned many times for being deficient. Then Peter comes along saying the speaking the same language, just a different dialect, teaching us to trade looking forward using our chart reading skills to see if there is enough headroom after entry protecting our accounts from a loss.
Fourth Pound pair doing the same thing.... The Eur/Gbp D1 chart shows great energy on the river and A & S on the 512. Must be, the pound currency is strong against at least four other major currencies. This method of analyzing a currency group is called stacking probabilities. Although this is not a pair I would be interested in trading, not enough pip target for me.
Usd/Jpy D1 chart with current bearish cycles oscillating in a bearish regression channel. For a D1 entry we need a BO of the channel... This is a great illustration of how a regression channel is formed, creating lower highs and lower lows forming the current D1 trend. Just fascinates me, how the market cycles oscillate between two lines day after day creating these regression channels....
For a 4 hr entry into the Usd/Jpy pair we look for the Yen to weaken along and a RBO on the 4 hr. with conviction or follow through.
Aud/Usd D1 chart is a great illustration of the hand drawn picture Mark gave us at the bottom of this page, only in real market time, showing how a FC is formed.
Aud/Jpy W1 chart showing the 1600 pip oscillation this pair has been in. On the D1 chart we see the pair consolidating in the river, so we wait for a RBO in either direction for our next entry, along with heatmap conformation the yen strength group will drive this pair south, or Aud strength will drive this pair north.
The Aud/Jpy 4 hr chart shows how the bearish regression channel was formed, pair bottomed out and is oscillating between the trend line and the river, basically going nowhere until S or R is broken.
A lesson, as Mark use to teach it. Look at the overall trend on the Mid Term, determine the direction of the trade on the Short Term, drill down to a smaller minute chart for a entry on a break of support or resistance, respectively.
Learning to understand what the charts are saying will unleash bocu pips into your life. I'm a little bit Mark and a little bit Peter.....
Key to trading these two Euro exotic pairs, is to recognize what the charts are saying, and watch for heatmap conformation when drivers are switching it up.
This is called surfing the little waves into the big waves, while carefully applying probabilities to eliminate as much RISK as possible to protect your investment capital..... Let the market tip it's hand, giving direction to the trade, then all you need to do is time the entry... Read the charts, do the math, extract the best pair to trade, with best probabilities for best outcomes. Mark teaches basic chart reading skills. Peter teaches the finite art or nuances of chart reading, both basic and advanced chart reading comprise my trading EDGE to offset the Risks of trading the forex.
The market does what it wants on any given day. We place best probabilities on our side for a successful trade before pulling the trigger, using a market analysis and trading plan to increase our chances for a successful trade. After the trigger is pulled, our fate traverses into market hands. My trading plan and journals are right on the charts I use, with price alarms, next point of entry, pip targets and risks to taking the trade. Putting the whole puzzle together for the total chart reading is gold. Chart reading skills, cut the men from the boys, or the have's from the have not's, remembering traders get jpips, pigs get slaughtered.
Trading the Mid Term chart is taken from the Big Light dvds, then refined by using the intra day charts to mocro time the entry. I will be showing more about this as I progress with my learning for thost that want to trade smarter not harder for larger pip gains.
Recognizing if the market is trending or oscillating was the first question I was taught to ask when analyzing the market for trades, then find the main oscillator or best clearest easiest to read trending charts, then you know the drill..... Mastering these simple chart reading concepts (no guessing, either it is or it isn't), you are one step closer to achieving your PHD in chart dynamics.
Knowing what a trending chart looks like and when a retracement cycle begins and ends, is gold. Just like knowing when a pair is oscillating and how to find the mail oscillator and nearing the bottom or top of an oscillation is gold. Swing trading is taking what the market has to give on a short term 50 to 100 pips, usinc the intra day trends or oscillations as a guide to enter short term day trades when the longer term trends have flattened out. So in essence, that is why we drill the charts, taking what the market has to give, using whater time frame has the best pip potential, adding pips to our bottom line. The moral of this exercise is: know when the market is trending and how best to take what is has to give.
I like to see a currency group moving in tandem for quality trades, producing nice pip targets. All we can do is take what the market has to give from swing trading to position trading and if momentum persists,, LT tradesin the direction of the trend or oscillation adjusting pip expectations accordingly. Nothing oscillates forever. When breakouts occur on the smaller timeframes and S and R levels are broken, building out the ST charts, trading dynamics change as the MT and LT timeframes B O into decisive trends, trading becomes a new balgame and pip targets widen. Important to know when to hold e'm , know when to fold e'm, know when to walk away, and count your blessings when the pip Gods smile at you taking what the marker has to offer on any given day....
When currency drivers change, and intra day charts converge forming a new fresh crosses going in the opposite direction, building momentum, influencing the long term trends.
Holding trades over long periods of time, showed me how to work smarter not harder, and like Mark says, the answer my friends is blowing in the charts..... How true, how true.
· DTH Forex documents for begining Big Lights Students
· 2012 Forex Wed. Evening DTH Webinar Classes
· DTH Forex Training Audio clips
· 4X Option training for Advanced BL students
· Trading Platforms and News Resources
· Learning Materials for Advanced Big Lights Students
Trading the best of the best probabilities by watching chart dynamics unfold, is nothing less than fascinating, along with taking what the market has to give, justifies time spent learning the basics. PIPS are a natural effortless by-produce of knowledge. |
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This page is dedicated to all those people aspiring to trade the 4x market using the Big Lights Methodology, established in 2005.
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