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.
The information you need is on the chart you are looking at, and I am looking for the market's next move going forward, like Peter says, hindsight is BS. Learn more about these nuances and intricacies of trading the forex at Peter's Boot Camp in no other than Viva Las Vegas. You will come away with an all new traders EDGE.
Start the new year by monitoring these pairs with price alarms and you will know what the whole forex market is doing....
Nzd/Usd Breaking all resistance levels on the D1 chart and respecting the BOs.... and headed for the next pip target. But are we getting long in the tooth here, and can we expect the pair to at least consolidate????
These two Pairs travel in tandem...
Aud/Usd doing the same thing, nicely maintained trend on the D1, at the same time the 240 is consolidating for a Swing trade setup to add on lots. NOTE: the decreasing amplitude of the wave cycles as Mark use to teach. Now as Peter puts the same concept: when a pair reaches 5 cycles out on a move, look to take profit as the move gets over extended.
Aud/Cad D1 pip target projection into virgin territory. There are two previous bull cycles with about the same amplitude, this is not an exact science but I calculate a 170 future pip target.
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 and you can trade looking forward, trading in hind-sight is BS.
Everything Euro going south, maybe for the whole winter...
Eur/Nzd D1 had consolidation zone BO, with a 593 pip target into virgin territory... Cool observation: love the disparity between the river and the creek on this pair, Energized textbook illustration of Angle and Separation.
Eur/Aud D1 doing the same thing, consolidating while the long term trend remains in tact. Again look at the disparity between the river and the creek.
Eur/Jpy broke out of a significant support level into virgin territory, and retraced to previous resistance and resting between two levels, set straddle alarms for next entry.
Eur/Usd D1 chart is counter-cycling against the long term trend. Watch for drivers to change and heatmap confirm across the board before entering a fresh new cycle.
Eur/Usd 240 magnified zone of consolidation
More Market clues Usd/Cad D1 with an impending fresh River BO.....And the Usd/Chf D1 with a break of consolidation headed for the next Support level and a 75 day BO.
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 CAN AND WILL DO 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 THE CHANCE FOR A SUCCESSFUL TRADE. AFTER THE TRIGGER IS PULLED OUR FATE TRAVERSES INTO THE MARKETS HANDS.
MY TRADING PLANS AND JOURNALS ARE RIGHT ON THE CHARTS I AM TRADING, WITH NEXT POINT OF ENTRY, PIP TARGETS AND ANY RISKS TO TAKING THE TRADE. PUTTING THE WHOLE PUZZLE TOGETHER FOR THE TOTAL CHART READING PICTURE IS GOLD... CHART READING SKILLS CUT THE MEN FROM THE BOYS, OR THE HAVE'S FROM THE HAVE NOT'S, ALWAYS REMEMBERING, TRADERS GET PIPS, PIGS GET SLAUGHTERED.
TRADING THE MID TERM, IS TAKEN FROM THE BIG LIGHT DVDS, THEN REFINED BY USING THE INTRA DAY CHARTS TO MICRO TIME AN ENTRY. I WILL BE SHOWING MORE ABOUT THIS AS I PROGRESS WITH MY LEARNING FOR THOSE THAT WANT TO TRADE SMARTER NOT HARDER FOR LARGER PIP GAINS
RECOGNIZING IF THE MARKET IS TRENDING OR OSCILLATING WAS THE VERY FIRST QUESTION I WAS TAUGHT TO ASK WHEN ANALYZING THE MARKET FOR TRADES, THEN FIND THE MAIN OSCILLATOR OR BEST TRENDING CHART, THEN YOU KNOW THE DRILL. MASTER THIS SIMPLE CHART READING CONCEPT (NO GUESSING, EITHER IT IS OR IT ISN'T) YOU ARE ONE STEP CLOSER TO ACHIEVING A PHD IN CHART DYNAMICS....
KNOWING WHAT A TREND IS, AND WHEN A RETRACEMENT CYCLE BEGINS AND ENDS IS GOLD. JUST LIKE KNOWING WHEN A PAIR IS OSCILLATING AND NEARING THE BOTTOM OR TOP OF AN OSCILLATION IS GOLD. SWING TRADING - TAKING WHAT THE MARKET HAS TO GIVE ON A SHORT TERM 50 TO 100 PIPS, USING MARKET INTRA DAY TRENDS OR OSCILLATIONS AS A GUIDE TO ENTER SHORT TERM DAY TRADES WHEN THE LONGER TERM TREND HAVE FLATTENED OUT.
SO IN ESSENCE THAT IS WHY WE DRILL THE CHARTS, TAKING WHAT THE MARKET HAS TO GIVE, USING WHATEVER TIME FRAME HAS THE BEST PIP POTENTIAL ADDING PIPS TO YOUR BOTTOM LINE, AND THE MORAL OF THIS EXERCISE IS: KNOW WHEN THE MARKET IS TRENDING AND HOW BEST TAKE WHAT IT HAS TO GIVE.
I LIKE TO SEE THE CURRENCY GROUPS MOVING IN TANDEM FOR QUALITY TRADES, PRODUCING NICE PIP TARGETS. BUT ALL WE CAN DO IS TAKE WHAT THE MARKET HAS TO GIVE FROM A SWING TRADE TO A POSITION TRADE AND IF MOMENTUM PERSISTS LT TRADES IN THE DIRECTION OF THE TREND OR OSCILLATION ADJUSTING PIP EXPECTATIONS ACCORDINGLY.
IMPORTANT TO KNOW WHEN TO HOLD EM', KNOW WHEN TO FOLD EM', KNOW WHEN TO WALK AWAY, THEN COUNT YOUR BLESSING WHEN THE PIP GODS SMILE AT YOU TAKING WHAT THE MARKET HAS TO OFFER ON ANY GIVEN DAY.....
NOTHING OSCILLATES FOREVER. WHEN BREAKOUTS OCCUR ON THE LARGER TIME FRAMES AND S AND R LEVELS ARE BROKEN BUILDING OUT THE ST CHARTS. TRADING DYNAMICS CHANGE AS THE MT AND LT TIME FRAMES BREAK OUT INTO DECISIVE TRENDS, TRADING BECOMES A DIFFERENT BALLGAME AND PIP TARGETS WIDEN.
WHEN CURRENCY DRIVERS CHANGE, INTRA DAY CHARTS CONVERGE FORMING FRESH CROSSES IN THE OPPOSITE DIRECTION, BUILDING MOMENTUM INFLUENCING LONG TERM TRENDS. RECOGNIZING THE BEGINNING OF A FRESH NEW LONG TERM MOVE CAN BE VERY REWARDING.
HOLDING TRADES FOR 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
ONLY TRADING THE BEST OF THE BEST PROBABILITIES BY WATCHING CHART DYNAMICS UNFOLD IS NOTHING LESS THAN FASCINATING, ALONG WITH THE TAKING WHAT THE MARKET HAS TO GIVE, JUSTIFIES TIME SPENT LEARNING THE BASICS. PIPS ARE A NATURAL EFFORTLESS BY-PRODUCT 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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