This is a trade setup that is designed for trading Foreign Exchange markets. The live stream is intended to educate new traders and give market insights backed by artificial intelligence. The stream supports upto 1080p. Change your video settings on youtube for better view.
If you are very new to Forex trading then please first educate yourself. You can start learning from these sites which are free resources: order to be able to trade you need to find a reliable and trustworthy broker that offer both demo and real account. There is a crucial fact that 95% traders lose money. Among the 95% losing traders a major portion of the traders lose money due to choosing wrong brokers or dishonest brokers. Below some of the recommended brokers that are you start trading make sure to follow these rules:
--Be disciplined. Always stay mindfulness.
--Find out exactly which time you are free and how much time you can spend on each session.
--Build your strategy based on your trading time frame.
--Trade as less as possible. If you are beginner then 1-2 trades per day.
--Keep track of your progress. Maintain a trading journal.
--Learn from your mistakes and never repeat the same mistake.
--Manage your risks well. Never risk more than 2% of your equity and leverage not more than 1:200
--Only use money that you can effort.
--Take trading as a challenge as if you are here to beat the market not necessarily for earning
money.
Trade mostly on demo account during the first year. You should look at the market and see how market reacts to different economic events, understanding the market psychology as well as learn each market specific behaviors. In the end you should be able to find your own strategy and apply the strategy again and again.
The setup is equipped with most precise and leading indicators in order to carry out a proper price action strategy.The indicators are Fibonacci Retracement, Fibonacci Extension, Support and Resistance, Pin bar, Moving averages, RSI Divergence, Stochastic Divergence, MACD, Parabolic SAR, ADX, Bollinger Band, Regression channels, Heikin-Ashi Chart, Renko Chart, and Market Sessions. If you want to know what indicators has been placed in each chart then type these commands in to the chat box: !w1indicators, !d1indicators, !h4indicators, !h1indicators, !m15indicators, !m5indicators, !m1indicators .
How to follow alerts: You will hear a voice that will give different kinds of alerts from different time frames. Most of the alerts are pretty self explanatory. List of alerts you will hear are as follows:
Scalping buy position
Scalping Sell position
Two minute call option
Two minute Put Option
Five minute Buy Option
Five minute Sell Option
Fifteen minute Buy Option
Fifteen minute Sell option
One minute Stochastic overbought
One minute Stochastic oversold
Five minute Stochastic overbought
Five minute Stochastic oversold
Fifteen minute RSI overbought
Fifteen minute RSI oversold
Stochastic Classical Bullish Divergence
Stochastic Classical Bearish Divergence
Stochastic Hidden Bullish Divergence
Stochastic Hidden Bearish Divergence
RSI Bullish Divergence
RSI Bearish Divergence
Its news time
New channel formed
Channel Breakout
Renko is rocking up
Renko is rocking down
EMA 10 reached
EMA 20 reached
SMA 50 reached
Bullish Pin bar
Bearish Pin bar
ADX Buy signal
ADX sell signal
Upper Bollinger Band crossed
Lower Bollinger band crossed
Five minute support reached
Five minute resistance reached
Fifteen minute support reached
Fifteen minute resistance reached
Thirty minute support reached
Thirty minute resistance reached
One hour minute support reached
One hour minute resistance reached
Four hour minute support reached
Four hour minute resistance reached
Daily support reached
Daily resistance reached
Weekly support reached
Weekly resistance reached
Monyhly support reached
Monthly resistance reached
Fibonacci 0% reached
Fibonacci 13% reached
Fibonacci 23% reached
Fibonacci 38% reached
Fibonacci 50% reached
Fibonacci 61% reached
Fibonacci 78% reached
Fibonacci 88% reached
Fibonacci 100% reached
Start your analysis starting from the Weekly Chart. On the weekly chart check the weekly and monthly support and resistance to get a broader price range. You can easily identify the current trend on each chart just by noticing the Fibonacci level colors. If Fibonacci level colors are Green then the trend is up for that specific chart. If the level colors are Red then the trend is down.
On the daily chart there is a Heikin-Ashi chart. A Renko chart can be found on the four minutes chart with a market session indicators. Each Renko Box represents 7.5 Pips. Three market sessions have been plotted with three different colors. There is an economic calender beside renko chart, Link to news source Disclaimer: Your capital is at risk.
