Channel just another tool in technical analysis that can be used to determine a good place to buy or sell. Both the upper and lower channels are potential areas of support and resistance.

To create a channel (up) to the top, simply draw a line parallel to the same angle as the uptrend line and then move to a position where the line touches the most recent peak. This should be done at the same time when you make a trend line.

To create a channel (down) to the bottom, simple draw a parallel line at the same angle as the downtrend line and then move to a position where the line touches the most recent valley. This should be done at the same time you make a trend line.

When the price touches the lower trend line, this can be used as a buy area. When the price touches the upper trend line, this can be used as a sell area.

There are three types of channels:
Ascending channel (the higher and lower higher)
Descending channel (upper lower and lower down)
Horizontal channel (sideway)
Important things to remember about the trend line:
When creating a channel, the trend line should be parallel to each other.
Generally, the bottom of the channel is considered as a buy zone while the channel is considered as a selling zone.
As in drawing trend lines, NEVER force the price at which your image channel!

Parabolic SAR is an indicator that was originally used to know when the trend will stop (stop) and reverse direction (reverse). But often in its use, it is also widely used parabolic SAR as an entry point.

Interpretation Parabolic SAR and usability  Parabolic SAR exact same trend with moving averages or other indicators of his. It’s just that Wilder created this indicator to eliminate the shortage of MA is its curved so often happens mis interpretation. With a SAR point, trend up or down to look more defined and no longer cause misinterpretations.

As mentioned above, the excess Parabolic SAR is its appearance in the form of points and thus allows a person to read the state of the market. Trader quite see where the position of the SAR point whether below or above the bar to know the trend is going.

The things you need to know from the Parabolic SAR is:
- This indicator was made to determine the trend reversal, then called Stop And Reverse (SAR).
- This is the easiest indicator to interpret because only give bullish and bearish signals.
- When the points are above the candle, it is a sell signal.
- When the points are below the candles, it is a buy signal.
- This indicator is best used in trending market that consists of a long rally or plunge.

Use parabolic SAR to determine trends that will happen very powerful when combined with Bollinger bands. Its entry point is when the Bollinger band breakout and SAR dot appears below the graph.

Bruce Stanley Kovner was born in 1945 in Bronx, New York is an American businessman. Bruce Kovner is the founder and Chairman of Caxton Associates, a hedge fund that trades a global macro strategy and is considered amongst the world over and include being able to manage the 10 largest hedge funds with approximately $ 14 billion under management.

In March 2011, Bruce Kovner has an estimated net worth of around $ 4.5 billion. Described he has a secret even by family and friends, he was probably one of the most famous New York City as an exceptional billionaires among professionals.

Bruce Kovner actually did not complete his Ph.D. at school. Over the next few years, he worked on a political campaign, learn piano, being a writer, and a taxi driver, then became a commodities trader.

Bruce Kovner trading with initial funding of $ 3,000 MasterCard credit cards in early 1977. In early trade, Bruce Kovner profit of $ 1,000. $ 4,000 to fund the company traded futures in six weeks and managed a $ 45 thousand. Next he suffered trading losses of $ 23 thousand. Bruce Kovner and do introspection and make him understand the risks and creating a structure to control risk in investing.

In the eventual role as a trader under Michael Marcus at Commodities Corporation (now part of Goldman Sachs), he purportedly able to make millions of dollars and is widely respected as an objective and sober trader. This eventually led to the formation of the company at Caxton Associates, in 1983 which at its peak managed more than $ 10 billion in capital and has been closed to new investors since 1992.

Research / analytical technique by Bruce Kovner
* Spend a significant amount of time to follow and analyze the economies of the different countries (albeit complicated) and integrate this analysis into a single image.
* It is important to have the ability to have alternative scenarios and truly believe could happen. Also, remain rational and disciplined under pressure.
* To make money, you have to hold your beliefs. Difficult to do when you follow others.
* He focused trading when the prime minister resigned.
* If you have a fundamental view before the great piece of news, wait until this news came out, and see how the market reacts.
* If you enter the market, always plug the Stop Loss.

Bruce Kovner close friends with U.S. president George Bush and was in position 106 in the list of the richest people in America according to Forbes magazine.

Contrary to the Falling Wedge, Rising Wedge chart pattern indicating a reversal of the trend, which prior to the reversal of resistance and support lines indicate narrowing or consolidation pattern. This is a consolidation pattern signaled the beginning of the possibility of reversal pattern.

Here, the slope is steeper than the support line of resistance. With prices consolidating, we know that the big bang is coming, so we can expect the price to be run, either upward or downward.

The occurrence of this new rising wedge pattern can be confirmed after his breakout in support break down. And hence a trend reversal pattern of bullish to bearish. Rising Wedge pattern is one of the patterns that are difficult to identify accurately.

This chart pattern is named rising wedge because of the resistance and support lines are drawn showing narrowing of pattern that moves up.

A rising wedge is formed after an uptrend usually causes reversal (trend), while the rising wedge is usually formed during a downtrend continuation (downtrend). Simply put, a rising wedge leads to a tendency to decrease, which means that it is a bearish chart pattern continues!

Falling wedge can be categorized as continuation patterns (continuation). As a continuation pattern, falling wedge will move narrows it down, thus forming a slope which push prices lower. But if this pattern identified as a reversal pattern (reversal), Falling wedge moves are then narrowed down but failed to continue it through the resistance.

As a reversal signal, which is formed at the bottom tends to decrease, indicating that the uptrend is coming next.

As a continuation signal, it is formed during an uptrend, implying that the upward price action will return. In contrast to the rising wedge, falling wedge is a bullish chart pattern.

Falling wedge pattern is designed to measure the pattern of decline has narrowed and is a potential signal that experienced price reversal. Although the selling pressure is still not diminished, the demand is still not experiencing victory until rupture resistance. In these conditions we should wait the other shows confirmation signal.

Most new traders get caught up in it to make money fast in forex and they began to use an extreme way. Yet how extreme it only for those who have high flying hours and is not immune to bombs aka upheaval price.

Element in the simple strategy of analysis using custom indicator. So one simple strategy usually focuses his strength on money management.

Well now I will explain how to deal with the use of a simple custom indicator called ASCTrend indicator, how does it work?

When Trend Bullish:
- Exit asctrend (arrows) in white
- Wait until the turn of charting (charting to 2 after the arrow out), since the turn of charting indicates that valid buy.

When Bearish trend:
-Exit asctrend (arrows) in yellow
-Wait until the turn of charting (charting to 2 after the arrow out), because it indicates that a valid change of charting sell.

It could have been called as a simple trading style, so do not bother trying to perfect the art of trading and do not forget to wear your SL, it was a costly learning experience, one of the reasons that most people fail is because they do not use SL. How to win at forex is to accept that you could be wrong, and put a limit on it.

George Soros is a radical capitalists, business finance and economics, stock investor, and political activist American citizen. George Soros is a Jew and never imprisoned during World War I. George Soros (Shorosh) was born on August 12, 1930 in Budapest, Hungary. George Soros is a Jewish ethnic descent.

In 1956, he immigrated to the United States. Worked as a trader and analyst until 1963. During this period, George Soros studied Karl Popper’s philosophy and develop a “theory of reflexivity”, an idea sought to explain the relationship between the mind with reality, which is used as a basis for predicting the outbreak of the economic bubble (economic bubbles). Then he began to apply his theory to investing activities. In 1973, he founded an investment firm that would later be known as the Quantum Fund.

George Soros ability to predict the outbreak of economic bubbles is the main capital for the wealth. He will invest in the region whose economy is growing. When development was started unnatural anomaly alias, then he immediately withdraw its investment funds before the burst of economic growth.

So normal that George Soros is often accused of being the cause of the crisis. In fact, what actually happens is that Soros knows that there is a crisis, and he had previously anticipated. So, although George Soros did not do anything, it’s still a crisis occurs because weve ‘is destiny’.

In Asia, George Soros was accused by Mahathir Muhammad as the cause of the Asian economic crisis. According to Mahathir, some of the most affected countries are South Korea, Malaysia, Indonesia, and Thailand, which led to the country’s currency to be low even to this day feel the effect. Hong Kong, Malaysia, and the Philippines are also affected. Mahathir Muhammad also bring up Soros lineage as Jewish and anti-Semitic sentiment brought. This accusation leaves a negative image for the Indonesian layman.

In England, George Soros is famous for his action shook the Bank of England, which is known for the events of “Black Wednesday” in 1992. Yes, he did. With the money of 8.5 billion U.S. dollars and was finally able to bombard the financial economy. He entered Forbes magazine as the 80th richest man in the world.

Chairman of the FED (Federal Reserve Department) first, Paul Volcker, in 2003 wrote a foreword to the book by George Soros, entitled The Alchemy (which is defined as a philosophical and spiritual discipline) of Finance thus:

“George Soros has managed to make himself the most successful speculators in the world, where he also managed to earn a lot of money from the investment. The biggest part of the success that makes people become aware of the world to “open the eyes” of the trading world and also more importantly is willing to accept new ideas from all the thinking and practice of investing that continues to grow rapidly. “

Pennants formed during a downtrend, it will usually occur in steep and almost vertical. After a sharp decline, several sellers will cover their positions while other sellers decide to enter the market which ultimately makes the price consolidates.

As you can see, the price falls to the bottom. To trade this chart pattern, we will put in the bottom of the pennants sell with stop loss above the pennants.

Unlike the other chart patterns where the next step is to measure approximately the height of formation. Typically, before the height of the previous pennants (also known as poles) is used to calculate how many pips to be the intended target.

So many sellers jumped into the market, the price will break below the bottom of pennants and continue moving down.

After going Pennants, usually in accordance with the direction of market movement before long. called as a form of trend continuation. So Pennants pattern is said to be continuation patterns.

Need to be considered if there is a flag fluttering on a stick usually are. Trading in the so-called movement of the stick is long before the pennant. And after the pennant, the market will move back along the stick before.

Utilization of trading: Open position when the direction of the previous trend pennants successfully penetrated.

John Meriwether was born on August 10, 1947 in Chicago. He is the inventor of the concept of “fixed income arbitrage” or fixed income from trading with two opposite positions (cross Hedge) with the purpose of obtaining a positive interest rate premium. He graduated from Northwestern University (Bachelor of Economics) and earned an MBA at the University of Chicago Graduate School of Business. When attending the University of Chicago, John friendship with Jon Corzine (an executive at Goldman Sachs today).

Of thousands of accounts of a company bankruptcy, LTCM was a unique story because the people behind it (John Meriwether, Myron Scholes and Robert C. Merton), has a finance principles underlying the theory of operation, involvement and LTCM in speculative transactions derivatives, resulting in losses suffered nearly U.S. $ 1.3 trillion.

Please note LTCM itself is an institution which manages hedge fund of fund investors to be managed. This institution was founded by John Meriwether. John Meriwether known for always recruit academics (professors, PhD in the field of finance, computer, or physics) and exclusivity group he founded to join the hedge fund business.

LTCM was found in 1994 by John Meriwether, the former vice chairman and head of bond trading Brother Solomon, member Board of Directors including scoles Myron and Robert C. Merton who shared the 1997 Nobel prize.

John Meriwether believed that they had the ability, So also borrow a lot of money without any control to gain huge profits. But in times of crisis when his company became destroyed.

With a capital of $ 4.8 billion dollars, John Meriwether manage to put U.S. $ 160 million in investments in equities and bonds coupled with other derivative investments worth U.S. $ 1 trillion. Something that is not reasonable and also highly speculative.

LTCM initially gained huge success with an income of 40% (after fees) in the first year, but in 1998 lost $ 4.6 billion in less than four months following the Russian financial crisis and a striking example of the potential risks in hedge fund industry. LTCM was closed in 2000.

And what about the story of John Meriwether? Whether he was desperate and bankrupt? Oh no, in a book When Genius Failed: The Rise and Fall of Long-Term Capital Management explains in detail about the collapse of Long-Term Capital Managements. After all the failures, John Meriwether run Integration JWM Partners LLC, in Greenwich, Connecticut, hedge based business unit that manages a fund of 400 million dollars in 1999. Then in 2007, the funds have reached $ 3 billion. And on March 19, 2008 and the results of JWM Partners fund management given to customers reached 24% per month.

Only hampered his career early in the year 1997/1998. Since graduation from the university, John Meriwether actually moved to New York City, where he worked as a bond trader at Salomon Brothers, Inc. At the company’s head of fixed income division Meriwether arbitrage totaling 80 people. After that John Meriwether was vice president director of the company in 1988. Unfortunately, John Meriwether stock trading scandal, ordered to pay $ 50,000 and was fired from the company. After being fired, he eventually founded the firm Long-Term Capital Management (trading with Hedging) in Greenwich, Connecticut in 1994. End of story the company went bankrupt in 1998.

Jim Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama. He started his business at the age of five by selling peanuts. Also he often took the empty bottles left by spectators at a baseball stadium. He got his first job on Wall Street, part of Dominick, after graduating with a bachelor’s degree from Yale University in 1964. Jim Rogers then received a BA in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.

In the investment world, Jim Rogers saw the world markets that may be full of uncertainty, but billionaire investor Jim Rogers anticipates profits in one sector for years to come, namely commodities.

“If I were going to buy something, I’ll buy the agricultural commodities sector,” he said. “I think to buy anything, including agriculture, we will have a major drawback. Sector but I think it would be a great investment in the next 10-20 years,” he said.

A lot of experience Jim Rogers have done as an investor most successful in the world. He had said the commodities likely will be the highest investment sector in the coming years, and investors should consider taking a portion of their investment funds and put it into investment priorities.

And if you’re wondering about the gold, Jim Rogers would say, “It does not surprise me to see gold will be at $ 1,200. But if the price drops, I’ll put my funds there. Gold has gone up in 11 years and it was worth it happened substantial correction. “

Jim Rogers has served as chairman of  Rogers Holdings and Beeland Interests, Inc.. He is also a former leader of the Quantum Fund and is also the founder of the Rogers International Commodities Index (RICI). Jim Rogers was one of the supporters of the free market.

In 1970, Jim Rogers joined Arnhold and S. companies Bleichroder. In 1973, Jim Rogers co-founded the Quantum Fund with George Soros. Over the next 10 years, the portfolio managed up 4200% while the S & P rose 47%. Quantum Fund is a major international financial firms first ever.

In 1980, Jim Rogers decided to “retire”, and spent much of his time to travel by bike around the world. Since then, he has been a guest professor of finance fields of study at Columbia University’s Graduate School of Business.