ALG's intraday FOREX strategy, FOREX FREE SIGNALS and Scalping FAQ

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Monday, May 11, 2009

Main rules:

I have couple new costumers. They do struggling to make Entries and Hold Trades. I'll remind main rules for my Strategy.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot levels. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 15 - 25 pips. Later after price moves 15 - 25 pips of Profit move Stops near Entry (This is new. Use to be 40 pips in old market conditions). Take some profit at 40 and 70-100 pips. Never close all trade 100%.
No one word more no one word less.

Sunday, March 15, 2009

When Market fits in My Strategy I do my Call. Thees Calls are + - 7 pips accuracy, and usually I do make it 2-5h before. "I will Sell" or "I will Buy". Stops usually are 7, but target I'm looking for about 170 pips. Every one my Demo account Entry I see like four quotes (4 x 1/4 = 1). If I did Buy or did Sell it means I'm able to close or add 1/4 of this all one unit.
My Strategy is based on strong levels of resistance and support where market makes reversion. When market makes reversion thees levels of support and resistance are Pivots. In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice verse. But if some level of resistance is broken it becomes level of support. Ex pivot no more exist like pivot. It became support. When you do watch just one pair it's could make you little confused, but if you have some possibility to watch some correlation between more relatively correlative pears it's much easy. So we have 7 popular USD pairs, EUR, GBP, AUD, NZD, JPY, CAD and CHF. It means we have good posiability to wach how acts USD in market per 7 pairs.
Everybody has lot different trading Strategies, and making lot different Entries. So, every 7-12 h I do My Intraday Strategy Update. It's my prediction where will market go. For this explanation I do Chats or writing "Sell near" or "Buy near" where will market make reversion. This way I do not make Calls, but if it fits in your Strategy you can make Entry for Demo account.
After you'll register at ALG Forex and you'll subscribe to at least one plan, you'll be allowed to see and hear My FOREX Intraday Startegy Signals.
Also you'll get Email Alerts for all posts made in "Signals" and "Lessons". Just make some settings in "Members" and "Email Alerts".
After you did read some "Lessons" or made some settings keep "Signals" page on. You are able to hear Sound Signal just on this one page. "Now you do not need to refresh or stare at the screen, before every important post I'll send a sound alert. Just keep this page on!"

Tuesday, December 09, 2008

Nerijus said...
I do study indicators, but I still don't understand how you do that ALG? Where I can find solutions?

My answer:
It's unite of lot factors and sometimes intuition.
My advice: Study everyday and study everything in Forex what you like and what you're interested.Some people study birds, danger animals, snakes. And they know when they are angry, when and how strong they will move.
I do study FOREX.

Wednesday, December 03, 2008

Guy asking:
Hi ALG, can you please tell me what you mean by breaking the pivots, is the entry prices considerd the pivots.
Guy

My answer:
My strategy is based on Pivots and correlation between all USD pairs. Entry is Pivot price.
In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Tuesday, December 02, 2008

How I can get learning about your trading System?

MY answer:

Yes, I do classes of my Trading Strategy, but in very small group. Some of you remember my Meeting Rooms. Finally I understood, that best group is 3-5 people. You can make good class and answer all questions. In 3-5 month they are able to trade buy self. And everything is 100% Free.
How I'm making choice?
At first I need time to understand which student is more active.
I taking people from FOREX Forums. They try to explain some Strategy. This way I can understand how active he or she is in Forex. How they are able to talk to people. There are hundreds FOREX forums around.
You can sand link of your Forum, and I'll check.
Everything takes time.
Other thing, after my classes people making money buy self,,,,,,and do not want to volunteer for FOREX community more.
But I can understand, after some huge amount of money they will be back to FOREX community. I hope.
I have confidence that in FOREX everything must be for FREE. If you making lot money, why to take money from others. And I'm looking for this kind people.

In FOREX just selfless and dedicated volunteer can be very rich in future.
Other thing, build your own name or nick name in Forex. Be much more independent from other people. It's treasure. You'll understand it later.

Tuesday, October 07, 2008

How can I get message as soon as possible?

Simply just paste and download the file from here: http://dl.getdropbox.com/u/211144/BlogAlertSetup.msi

Go through the setup process. Make sure you remember where you install the program, because you will have to start it from there. After installation, launch the .exe file and you should see the BlogAlert interface. Just type in the refresh interval (in minutes). The default is 1 min, so the software will check for changes every minute. You can change it to whatever you want. Then press the "start" button. In a couple of seconds, you will see ALG's webpage show up in the application. This means everything is ready and working. You can now minimize the application, and it will appear in the system tray (next to the clock). Whenever ALG updates his blog, this app will pop up a message box to alert you. Enjoy!

Thursday, October 02, 2008

People asking

"Good traders do not post free signals for long."

My answer:

..., do no worry to much, I making some money from real FOREX trading,,,,,,
Why I do this, because when I trade in front of people like you, I must to concentrate much more, I must to trade fallow tough plan, I must to proof, it helps most me and some days just me, and I do benefit from that.
This BLOG is like my trading notes.

Wednesday, October 01, 2008

People asking:

how can you be so accurate? what strategy do you use? or you only give signals?

My answer:

If you want to teach people to trade, at first you must to make just Calls.
It means you must to proof that your Strategy works.
People must to double accounts 2,3 times with out loosing one pip.
Later when you have attention you can start to teach step buy step.

Thursday, September 25, 2008

People asking:

How to make lot money for living?

My answer:

Just make one million per 2 years and it's plenty.

How many times you need to double your 5K account to make million ?

5.000 x 2 = 10.000
10.000 x 2 = 20.000
20.000 x 2 = 40.000
40.000 x 2 = 80.000
80.000 x 2 = 160.000
160.000 x 2 = 320.000
320.000 x 2 = 640.000
640.000 x 2 = 1.280.00

To double your 5K you need just 8 times, so it's important Strategy "Do not loose no one pip"



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Wednesday, September 24, 2008

People asking:

When you post it gives a time. Is that Eastern Time or some other time zone? Thanks.

My answer:

Yes, it is ET (New Yourk)

If you move your mouse over time of postage you will notice additional information. There you will find the time for you to calculate .

Tuesday, September 23, 2008

People asking

I do understand "Volatility", but what does it mean "Volume %"

My answer:

Volume can indicate the strength of the current price change and reflect the emotional state of investors over a fixed period.

Friday, August 29, 2008

People asking:

Are you recommended stops and targets 15 and 40 pips respectively as the title of your blog or these are different with each trade depending on the volatility....

My answer:

You right...some trades are different depend on the volatility...., but if I do not do notes......Stops and Targets are 25 and 40 pips. It's like recomendation of my basic Intraday Strategy.

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Thursday, August 21, 2008

People asking:

Why so many differant pivot levels you can fined?

My answer:

It's nothing perfect in FOREX, but in a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.
You can toalk about one North and other one South
Differant time frames have differant pivots
It can be Standart, Fibonaaci, Camarilla , Woodie's, DeMark's and OHLC

Wednesday, August 20, 2008

People asking:

How often you update your blog, daily or coupe times a day?

My answer:

I do update my BLOG, when I see strong Daily Pivot. In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. No special time, moust I looking for special price and corealation beatween other USD,,,,,,,NZD,AUD,CHF,GBP,JPY and CAD.
People asking:

What is the black dotted line that you show?

My answer:

Black dotted line it means you can not see this exactly price on my Chart (my Chart sometimes is to small) and it's like future price.
People asking:

When exactly do we enter? You say at blue line (pivot), but the price has already bounced from the pivot and moved up. Do we wait for it to come back to pivot before we enter? Or do we enter as soon as possible?

My answer:

For now it's difficult to mannage exactly Entry, later I'll make instant Pop messange on you screen.....
People asking:

"How to manage your Signals?"

My answer:


Blue dotted - Live Price


Blue - Entry (Pivot Point) - In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Black Arrow - Intraday Trend

My Strategy: Take 1/2 profit 40 pips and move Stops to Entry. And you Safe. Just keep eye on BLOG for new (Chart Post) and you can take new Trade or manage old yours.

Friday, August 15, 2008

Remember - it is easier to ride the trend then to bet against it.

Wednesday, August 13, 2008

Daily Strategy

Now EUR/USD, GBP/USD Short, but later:
EUR/USD Buy intraday near 1.4819, but if breaks Buy Daily near 1.4787
USD/CAD Sell intraday near 1.0715 - 30 , much later we'll Buy near 1.0617
EUR/CHF Buy near 1.6163

Tuesday, August 12, 2008

USD/CAD loosing steem North


Now USD/CAD loosing steem Nort, We bouth at 1.0617, take profit now or wait until 1.0655, but good Sell I see at 1.0673

USD/CAD

I bouth at 1.0619, but if goes 23 pips lower I'll be looking to break even and I'll be looking for good Sell.
Very simple.
Thank you

Intraday Strategy:

Intraday Strategy:

EUR/USD Buy near 1.4783
USD/CHF Sell near 1.0927
AUD/USD Sell near 0.8849
USD/CAD Buy near 1.0617 and Sell near 1.0731
Plus: http://algsnotes.blogspot.com/

Thees prices are pivot levels. In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Monday, August 11, 2008

Friday, August 08, 2008

Very nice move.

Very nice move It's nice when market goe's fallow your direction, now wait until 10 am ET, and do not close Short positions since yesterday morning 1.5500

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