1 | P a g e GMEfx Study Guide Contents: A) how to do Trading ? how to make ord
1 | P a g e GMEfx Study Guide Contents: A) how to do Trading ? how to make order ? BlueRed System B)Money Management -what is the earning per pip ? - How to calculate pips ? -how to set stop loss (SL) C)Reference Websites ForexFactory D)Personal Information 2 | P a g e HOW TO Do TRADING ? Normally how do we make an order is just based on fundamental or technical analysis .But however ,there are few thing that we have to concerned are : 1)if without any indicators to help us analyze the trend ,we hardly to make an decision 【the chart below】 2)if we put in some indicators to help us analyze the market ,but u understand to theory or the use of the indicators ? So that ,many newbies hard to start trading because of don’t know how to analyze the trend . GMEfx founder Mr.jimmy had invented so called “BLUERED” system which combined 14 indicators and just based on two colours to make a decision whether you want to buy (Blue color )or sell (RED color)? So lets us find out what is bluered system all about and how useful the system is ! 3 | P a g e BLUERED SYSTEM GUIDE What's GME BlueRed System?? BlueRed is designed to provide trader with combination of more than 14 technical indicators together to allow easy-trading. It allows you to start on trading without to know these complicated theories of each of the indicators . What're you waiting for? Let's download BlueRed from our official website and enjoy the trading in demo acc now!! It's free!!www.gmefx.com Let’s talk what is BlueRed System all about ! The first thing we have to see before entering into the market is to look at the Meter at the right hand side .The function for the meter is to help us understand the trends . Each of the functions : 1) The number (7) They are 10 numbers from 0 to 9 . 7 ,8 & 9 are uptrends (9 is at the upper ,not encourage to do BUY order .Strong resistance ) 2 ,1 &0 are uptrends (0 is at the lowest ,not encourage to do SELL order .Strong support ) 6 ,5 ,4 & 3 are entering into consolidate after uptrend or downtrend . 2)BULLS or BEARS power BULLS means uptrend BEARS means downtrend 75% and above means entry point 3)Multi-timeframe Blue colour means uptrend Red colour means downtrend monitor the trend from M1 to M30 . 4 | P a g e Just now we use three functions [number ,bulls or bears & multi-timeframe] in order to know the trend .Now ,we use another few functions to know whether to do BUY or SELL and how much is the potential PIPS we can get . How do we Make a decision based on the information above ? 1) After we read the meter ,we will understand the trend . 2)Compared the daily average [2496] and today range [2648] ,we will know how much the room left and this can be use as potential take profit (TP). 3)you must follow the rules (1,2&3 ) above to make decision: a)if SELL :1 &2 must be Red color and (3) cross over at 80 . b) if BUY :1 &2 must be Blue color and (3) cross over at 20 . DAILY AVERAGE :it is the average for the past 30days (2496 above) .It means this currency pair may goes up or down around 2496 a day . TODAY RANGE : Means the Highest and the Lowest point for today .Easy words ,it is the range for today . [today high minus today low ] BLUE area Zone : Means the trend more on uptrends ,so u MUST more concern with the BUY . RED area Zone : Means the trend more on downtrends ,so u MUST more concern with the SELL . rule (2) moving average:if candlesticks goes below the line means down ,vice versa . rule (3) ,stochastic: If two lines cross over at 80 ,means downtrend : If two lines cross over at 20 ,means uptrend 5 | P a g e Example (A): Explaination : 1) look at the rule 1 [Red dot is appear ]. 2) look at the rule 2 [candle starting to or below the moving average ] . 3)loot at the rule 3 [stochastic is cross over at 80 ,means downtrend] . Example (B): Money Management What is the earning per pip ? In the forex market ,what is your profit is based on the pips that you earned times the lot size you set (pips x lot size) . Explaination : 1) look at the rule 1 [Red dot is appear ]. 2) look at the rule 2 [candle starting to or below the moving average ] . 3)loot at the rule 3 [stochastic is cross over at 80 ,means downtrend] . 6 | P a g e What does lot size mean ? Lot size Standard lot Mini lot 1 10 usd 1 usd 0.1 1 usd 0.1 usd 0.01 0.1 usd 0.01 usd How to calculate pips ? They are two types of platform :4 digits and 5 digits after the decimal . exp:4 digits platform exp:5 digits platform EUR/USD :1.0300 EUR/USD :1.03000 If I made a BUY order ,entry price is at 1.0300 ,Now the price is going up at 1.0310 .That means I earn 10 pips(4 digits platform) or 100 pips (5digits platform). * All calculation should be based on 4digits after decimal . conclusion : Pips Lot size Standard lot Mini lot Return(USD) 10 1 10 usd 1 usd 100 or 10 10 0.1 1 usd 0.1 usd 10 or 1 10 0.01 0.1 usd 0.01 usd 1 or 0.1 7 | P a g e How to setting STOP LOSS (SL)? Normally newbies or some traders may concerned how do they setting their Stop loss ?Are you ? Usually traders may put it by proportion with 1:1 / 2:1 or even 3:1 .but the question is which is the best ?The answer is all are correct and it is depends ! However ,the easiest way is to using the indicator inside the BlueRed system to setting ur’s stop loss level .Lets look at it ! Example1:If you do SELL order . TIPs:Stop loss set above the RED dots around 100-300pips . Example2:If you do BUY order . TIPs:Stop loss set below the BLUE dots around 100-300pips . 8 | P a g e Reference Websites http://gmefx.com (GME official website) *Free BlueRed system available Babypips (only for newbies) Facebook * www.facebook.com/gmefx(JB) * www.facebook.com/gmefxgroup.sg(SG) * www.facebook.com/gmefxkl(KL) For Analysis and Fundamental news *http://forexkingsley.blogspot.com (Kingsley Forex blog) *www.dailyfx.com.hk (Chinese) *www.forexfactory.com (English) 【Free monthly magazine available】 www.GMEfx.com 9 | P a g e ForexFactory ForexFactory is the top reference website for Forex traders. ForexFactory provides high quality and timely information to allow traders to pursue profit. Its unique color code system shows how severe the news situation is. Traders can immediately adjust their position after knowing the market behavior. Before you start using this website as a reference , You have to click the “time zone” at the top . REMEMBER change the “time zone”to +8.00 (Singapore) as well as off the“DST”. How can I understand it ? 1)Currency: look at the currency which you investing (exp:EUR/USD ,so just focus on EUR and USD ) 2)Impact : there are four types of impact A:white color NON-ECONOMIC impact B:yellow color LOW impact C:orange color MIDDLE impact D:red color HIGH impact 10 | P a g e 3)Result : There are three kind of results Actual ,Forecast and Previous . *if you unable to understand all the details then we just focus on ACTUAL . Actual Results: RED color :equals to BAD news (which currency may depreciates) Green color : equals to GOOD news (which currency may appreciates) Black color : no different or predicted as economics (no big movement) 4)Wht will be the impact ? If the GDP for USA is weaker than previous :actual Red color result That means :USD will becomes weak (it may goes down) ,and GBP may become stronger due to the weakening of USD . For easy words :as the weakening of USD ,then we can change more GBP . So that GBP/USD will goes up ! 11 | P a g e Personal Information H/P: 012-3182809 /010-8265930 E-MAIL: ecm.kingsley@gmail.com FB: forex kingsley 【YOUR PROFIT OUR CONCERN】 Brought to you by : Kingsley Tan uploads/Finance/ gmefx-study-guide.pdf
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- Publié le Mai 23, 2022
- Catégorie Business / Finance
- Langue French
- Taille du fichier 1.3806MB