Forex, Foreign Exchange, Currency, Technical Analysis, Elliot Wave Theory, Trading Guide
Transcript of Forex, Foreign Exchange, Currency, Technical Analysis, Elliot Wave Theory, Trading Guide
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Background 'AceTrader' represents the Internet operations of Trendsetter
Financial Markets Ltd., one of the world's leading financialadvisory service providers. Since 1987, Trendsetter has itspremier online FX trading strategies on Reuters tointernational banks in over 60 countries.
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Our Services Standard Package:
Daily Trading Strategies: Aim for 80-150 profit points. Commentaries are updated at least 3times per day. Coverage on 2 Currencies groups: Dlr/Majors, Dlr/Minors and Cross currencies
that can be subscribed to separately. Weekly Outlook: Updated on every Monday giving the forecast for the week.
Medium-term Outlook: Provides forecast for the month and longer, updated in the first week ofevery month.
Premier Package: Intra-day Trading Strategies: Give 24 hours real-time intra-day strategies on Dlr/Majors for 30-
60 profit points. Daily Technical Outlook: Provides detailed explanation of the Trading Strategies.
Elliott Wave Analysis: Updated on every Tuesday and Thursday to give the "Wave"perspective.
Daily, Weekly and Medium Term Outlook: Provides forecasts from daily to a month and slightlonger.
Trading Model: Intra-day Trading Strategies: Give 24 hours real-time intra-day strategies on Dlr/Majors for 30-
60 profit points.
Daily Trading Strategies: Updated 3 times a day at fixed interval
A Special recommended trade which is our best of the best recommendation
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Additional Features1) Range Daily Highs and Lows for the week
2) Trade Record Comprehensive record of the profitability of our intra-day and daily
recommendations
3) Economic data forecast Timetable of important economic data to be released during the day
(Japan/EU/UK/US)
4) News Real-time financial news updates from external sources
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Glossary UsedABV above
B4 before
DLR dollarDWN/DN down
ESP especially
FM from
LONG buy
LTD limited
LVLS levels
MT medium term
N and
NR near
OBJ objective
O/BOT overbought
O/HEAD overhead
O/N overnight
O/SOLD oversold
PT point
RES resistanceRESP respectively
REV reverse
SHORT sell
SHUD should
ST short term
STRG strong
STG Sterling
SUPP/SUP support
TWD/S towards
VS versus
WK week
WUD would
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Daily Highs/Lows forlast 5 days
Check andchange yourpersonal data
Timetable of
economic data
Market review
24 hours Forex
market news fromexternal sourcesRenew your
subscriptionhere
Trading Recommendations andAnalysis
Records of recentrecommendations
Alerts onmembershipexpiry
LanguageOption
Setting my
favourites
Members Page
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Time Frame
Currency Group
DailyRecommendations
Currency Pairs
- click to go todetails Intraday
Recommendations
+...+ = Denotes a change has been made to
previous update i.e.(Position, Strategy,Entry Level, Target, Stop-loss, Rangeforecast)
Yellow cell denotes
that cell is JUST updated
Trading Strategies
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Recommendation isto buy USD/YEN at108.08
Last updated at2003/11/24 06:39GMT
We have no positionat the time of update
1st
Profit target at109.10/15
Stop order at 108.60
Short term range ofUSD/YEN isforecasted to bebetween 108.80 and109.05
Market Rate at lastupdated time, I.e., at
2003/11/24 06:39GMT
Strategy Example #1 - Intraday
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Hold our longposition
We have alreadylonged AUD/USD atthe time of thisupdate. That means,buyrecommendation is
given in previousupdate and orderfilled.
Stop level movedto 0.7225 in thisupdate
Strategy Example #2 - Intraday
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Long order inprevious updatesfilled already
Nearest 3 resistanceand support levels
Strategy Example #3 - Daily
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Back to summarytable Change
CurrencyPair
Commentary
Recommendation
Daily Outlook
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Case Study
When BOTH our intra-dayand
dailyrecommendations are bothlong (or short), this means ourview is strong and the probabilityto make money on both trades is
also high.
This happens when we anticipate a minor correction to occur initially in the magnitude of 30-50 points before theprevailing trend resumes later in the day (3-5 hours), therefore, for intra-day trade, one can take this counter-trendstrategy to benefit this situation. However, this is sometimes a high risk trade for intra-day trading, one must be quick
to exit this position as per our intraday recommendation.
Intra Intra-day recommendation is oppositeto Daily recommendation
Intra-day recommendation isthe same as Daily
recommendation
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Technical Outlook
Technical IndicatorsSummary
In-depth analysis of themarket-useful for bothintraday and daytraders
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Wave Analysis
Analysis based onElliott Wave Theory -includes both preferredand alternate counts
For wave followersinterested in a larger timescale
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Setting up yourfavourite currencypairs forconvenientviewing
Change orderof view byclicking the
arrow
My Favourite
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View MyFavourite
3 My Favourite
Pages available
My Favourite
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For EnquiriesPlease contact us at:
Trendsetter Financial Markets Ltd.
Address: Room 1201, 12/F., Harcourt House, 39
Gloucester Road, Wanchai, Hong Kong.
Tel : (852) 2866-4912, (852)2866-8216
Fax : (852) 2525-9443
E-Mail : [email protected]
URL: http://www.acetrader.com
mailto:[email protected]://www.acetrader.com/http://www.acetrader.com/mailto:[email protected]