Media Partner
Live
Technical Analysis Workshop in
A unique fast track workshop
conducted by the Fibonacci expert ‘Sunil Mangwani’.
This intense workshop will
show the new and the experienced trader, a different perspective to analyze the
markets.
·
Learn to follow price, instead of trying to predict the
price direction.
·
Stop chasing trades
·
Stop reacting to price
I have learnt from
personal experience, that price movement is never random.
Price will always give
clues on where it’s going and one has to go beyond indicators to understand
that.
Concentrating on price
action, using the proper analytical tools & implementing the 3M’s - Money,
Mind & Method, will give you that edge to succeed.
The following topics
will lay the foundation of an effective trading plan -
- Advantages and drawbacks of the common indicators,
and identifying the proper situations in which to use them.
Study the MACD, RSI, Stochastic, Moving
Averages, Bollinger bands, ADX etc. in detail to understand the proper use.
(For example - use the RSI to determine breakout levels,
rather than look at the overbought/oversold situations.)
- The different Candlestick patterns.
Candlestick patterns
are quite commonly used, but once identified; do you know the conditions for
entering a trade, and getting the correct stop and exit levels?
(For example - a
candle has to satisfy 3 conditions to qualify for a “Reversal Bar” which also
define the entry and stop levels.)
- The effective way of using multiple time frames to
align the short term trend with the larger trend.
Learn how to
use different time frames with different indicators to understand the longer
term trend.
(For example - learn the thumb rule for using 3 time frames
to get the correct perspective of the trend.)
- Understanding and using the different Fibonacci
ratios and applying them correctly.
Price respects
the Fibonacci ratios to a large extent and they are an invaluable tool in price
analysis.
Each Fibonacci ratio is
effective in its own way, and one must understand which Fibonacci ratio to use
for that particular situation.
(For example - The Fib retracements & projections go
hand-in-glove with Elliot waves.)
- Introduction to the advanced setup of Divergence.
A change in trend is always preceded by a
change in the underlying momentum in price & the “Divergence” is one of the
most effective setups to determine the change.
(For
example - determine the precise entry, stop level and the price
objective for a divergence setup by using fib ratios.)
- Using ‘Stops’ correctly and how to calculate
potential target zones for profitable exits.
The stop level of any trade has to be
technically correct; otherwise the stops will get taken out more often than
not...thus defeating the very purpose of placing a stop.
Learn how to identify
the precise stop levels, which would be safe from ‘stop-running’.
(For example - For a triangle breakout, the apex of the
triangle is the ideal place to put the stop.)
- Understanding the Money Management concepts of
Risk-to-Reward ratio, Position sizing etc.
The difference between success and failure in trading
is often simply the “Trading Plan” or the lack of it.
If you don’t use the
3M’s, you cannot succeed. Learn to prepare the ideal trading plan around your
personal conditions.
(For example - learn to prepare a check list for analyzing
and managing a trade.)
- Preparing a Trading Plan by incorporating the 3M’s -
Money, Mind & Method.
Money management is the most important part of
a Trading plan...and ironically the most ignored.
The study of the
basic principles of money management will take your trading to a new level.
(For example - Calculate
the correct position size of the trading lots as per your capital.)
- Understanding the correlations between the
currencies, and between different markets.
A trader must
be aware of the different factors influencing the currencies and the
correlations can give excellent confirmations for a trade.
(For example - the ‘commodity currency’ AUD/USD has a very
strong correlation with Gold, and one can always use the 2 instruments to
confirm setups for each other.)
The Icing on the Cake - A proprietary trading strategy based on the “Weekly Pivot
levels”. A highly proven, successful trading technique, which can be used on
all markets, whether forex, commodities, equities, indices etc.
(A picture says a thousand words -)
SPECIAL OFFER:
Special discount for traders attending the FXstreet.com
International Traders Conference (Barcelona October 29 to 31)
Venue:
The University of Barcelona
Date:
1st November 2008
Time:
Cost:
€ 200.00 only
Discounted
price for traders registered with FXstreet.com International Traders Conference: € 150.00 only
The cost includes the entire day workshop with
lunch and a Tea/Coffee break.
The venue has got wireless internet connection and
you may bring your own laptop.
The workshop notes will be handed out in the PDF
format to all the subscribers.
Contact:
Sunil Mangwani.
Email: shellcon@eth.net sunil@fibforex123.com
Local Contact:
Carlos Jove Santisteban.
Email: cjscjs21@hotmail.es
Telephone numbers:
Mobile: 627461935 (from
Trading Office:
934853613 (from