Wms orlando bt

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Battle Tested Forex Trading Strategies Kathy Lien www.bkforexadvisors.com

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Transcript of Wms orlando bt

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Battle Tested Forex Trading Strategies

Kathy Lienwww.bkforexadvisors.com

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*Past performance is not indicative of future results. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.  Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.   Kathy Lien and Boris Schlossberg are employed as Director of Currency Research for Global Forex Trading, a division of Global Futures & Forex, Ltd. (GFT). However,  BKForex Advisor, which is a company owned and operated by Kathy and Boris separately and independently from their employment with GFT. GFT does not control the content of the BKTraderFX.com web site, and opinions expressed by Boris and Kathy on the BKTraderFX.com web site are not necessarily the opinions of GFT. FX 360® is either a registered trademark or a trademark of Global Futures & Forex, Ltd., in the United States and/or other countries. This information should not be relied on as a substitute for extensive independent research before making your investment decisions. BKForexAdvisor is merely providing this for your general information. The views of this author are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided may not prove to be accurate. Global Forex Trading will not be responsible for any losses incurred on investments made as a result of any information contained in this presentation. Global Forex Trading and BKForexAdvisor do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

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B

Source: http://toddballenger.typepad.com/.a/6a00d8341d94e353ef015393ca934e970b-500wi

Volatility

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B

Source: captaincurrency.blogspot.com

Do you ever feel like this?

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Technical Analysis

Only Two Types of Markets

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Source: DealBook® 360

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Why do some people like to trade trend and others like to trade range?

What do you like?

Which is better?

K

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Source: DealBook® 360

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What is it - trend or range?

How do you define it?

20 SMA

ADX

B

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Technical Analysis

Source: DealBook® 360

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Source: DealBook® 360

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Using double Bollinger Bands to trade trend and range

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What is the standard way to trade Bollinger Bands?

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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What are double Bollinger Bands?

20 Period, 2 Standard Deviation20 Period, 1 Standard Deviation

2 BB = Outer Lines1 BB = Inner Lines

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1. Using BB to determine trend or range

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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2. Using BB to pick tops and bottoms

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Source: DealBook® 360

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Source: DealBook® 360

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3. Using BB to buy at value

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Source: DealBook® 360

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Source: DealBook® 360

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4. Using BB to enter new trend

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Source: DealBook® 360

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Source: DealBook® 360

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Increase your chance of success by keeping an eye on data.

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Increase your chance of success by using the T1-T2 Method

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Trading two lots allows you to let profits run.

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What is the perfect order?

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Up Trend

10 SMA

20 SMA

50 SMA

100 SMA

200 SMA

Down Trend

200 SMA

100 SMA

50 SMA

20 SMA

10 SMA

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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Source: DealBook® 360

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Short Term Trading

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Strategies

BK Flow

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ParametersLong Trade

1. Long at 50

2. Stop 00 (Round Number)

3. Target 35 Pips (1.3085)

Short Trade

1. Short at 50

2. Stop 00 (Round Number)

3. Target 35 Pips (1.3015)

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BK Flow

Source: DealBook® 360

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BK Flow

Source: DealBook® 360

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BK Flow

Source: DealBook® 360

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BK Flow

Source: DealBook® 360

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Strategies

X-Treme Fade

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X-Treme FadeIndicators

1. Bollinger Bands

20, period, 3 standard deviation

20 period, 2 standard deviation

2. ADX < 25

3. 15 Minute charts

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X-Treme FadeStep # 1

Watch the currency pair

Close at or above the 3 SD BB

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X-Treme Fade

Source: DealBook® 360

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X-Treme FadeStep # 2

Wait for the pair to move from 3SD to the 2SD – look for a close*

*Below for 2 SD Long

*Above for 2 SD Short

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X-Treme Fade

Source: DealBook® 360

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X-Treme FadeStep # 3

Check to see ifADX is less than 25

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X-Treme Fade

Source: DealBook® 360

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X-Treme FadeStep # 4

Long trade: Buy at open of next candleShort trade: Sell at open of next candle

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Source: DealBook® 360

X-Treme Fade

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X-Treme FadeStep # 5

Stop – Swing high or lowApprox 15-20 pips

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X-Treme Fade

Source: DealBook® 360

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X-Treme FadeStep # 6

Target 1x Risk and trail

OR 2x Risk

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X-Treme Fade

Source: DealBook® 360

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X-Treme Fade

Source: DealBook® 360

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At BKForex, we trade offer Short and Swing Trading Signals

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Let’s Get Down To Business…..

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Trading Plan = Business Plan

If you don’t write it, you won’t do it.

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1. How will you trade?

2. What will you trade?

3. What risk control will you use?

Updates along the way

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Questions

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*Past performance is not indicative of future results. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.  Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.   Kathy Lien and Boris Schlossberg are employed as Director of Currency Research for Global Forex Trading, a division of Global Futures & Forex, Ltd. (GFT). However,  BKForex Advisor, which is a company owned and operated by Kathy and Boris separately and independently from their employment with GFT. GFT does not control the content of the BKTraderFX.com web site, and opinions expressed by Boris and Kathy on the BKTraderFX.com web site are not necessarily the opinions of GFT. FX 360® is either a registered trademark or a trademark of Global Futures & Forex, Ltd., in the United States and/or other countries. This information should not be relied on as a substitute for extensive independent research before making your investment decisions. BKForexAdvisor is merely providing this for your general information. The views of this author are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided may not prove to be accurate. Global Forex Trading will not be responsible for any losses incurred on investments made as a result of any information contained in this presentation. Global Forex Trading and BKForexAdvisor do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.