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Casual Articles - Forex Secret - Using Slanted Channel Technique at Forex Market
Have you ever wondered how much money a credit card company makes? Have you ever wondered how much of that comes from late fees? Everyone has and if you haven’t you should because most likely you own a credit card, which means that these late fees has or could directly affect you.As you have probably taken notice, credit card late fees are on the rise and have been so for awhile. There is enormous competitive pressure on credit-card interest rates and annual fees, and this has given way to a fee frenzy. For credit card issuers, late fees now represent their third largest revenue stream, (interest revenues and merchant fees rank first and second, respectively). In essence, those who pay late are now covering the costs for those credit card users who do not carry a revolving balance and those who file for bankruptcy.So how much are credit card companies making from issuing late fees? Over the years we have watched the number of late fees charged to consumers jump to record-high levels. Late fees can range from $10 to as much as $40. The average late fee more than doubled since 1996 from $13.28 to $29.84. In fact, many major card issuers are now charging a $35 late fee. Let’s assume that 100,000 people made late payments for a particular month and they were charged a late fee of $30 for doing so. This would add up to $3 million in revenue. As you can see, credit card companies are making a lot of money off of card holders and there is no slow down in sight regarding the increase in late fees.Credit card companies are making a killing off the late fees they issue to their customers and they don’t mind doing it because their ultimate goal is to make money. They are like any other for-profit business in that they sell a product or service for revenue. In the case of credit card companies, the product happens to be credit. These companies aren’t just some “thing” sucking up as much money as they can. These “things” are run by man. And wherever man is involved, greed also becomes involved. These people are just like you and me. They may have a family to support, bills to pay, etc. Most people don’t work just for the pure enjoyment, but for money, a source of income. And the more income we achieve the easier and better our lives become, supposedly.Some of you may be asking, “So what do we do about the late fees?” Well there’s an article that I wrote awhile back that you may be
In a way, “classicists of Forex” make a kind of mistake. That is, they use the slanted channels technique just when they deal with a trend. This point issues (originates) from the problems unsolved before. The trader must learn to watch the correlation between various timeframes.
According to Masterforex-V Trading System, there exist at least four kinds of the trend:
· the intersession trend;
· the intraweek trend;
· the trend of duration to start from several weeks;
· the trend of duration to start from several months and longer.
Thus, one can see that special slanted channels are inherent in the intersession trend (M 1-15). In the timeframe of a longer trend (e.g., such as H 1-4), these slanted channels just play the role either of the trend correction or a flat.
Let us dwell on the value of this circumstance for the trade at Forex.
The
The After Sales market represents today one of the most promising and attracting sector, mainly due to the shift from a product-centric strategy - based on standard, low cost and high volume production - to a customer-centric strategy - based on complex mix of products and services devoted to enhance the experience of the customer in terms of satisfaction.Critical success factors previously oriented on internal efficiency in using the production factors are nowadays focused on "external" aspects, such as differentiation, service level and customers loyalty.The After Sales sector emerges today as a great business opportunity and companies start understand the criticality on having their fingers in the pie (or, at least, to try to).A McKinsey report (2005) stands that "aftermarket is a $400 billion business....many of those in the Fortune 100 rely on the aftermarket for up to 40 percent of their profits", while the ASAP Research (2004) highlight that "in the EU automotive industry, After Sales spare parts generate a turnover of ?44 billions with an operating profit of 20 to 25% in the U.S. After Sales service and parts account for more than 50 percent of the average dealer profit".Finally, a recent study by London Economics concluded that the value of the European After Sales market (considering spare parts sells) amount to about ?97 billions.As an example of the importance of the After Sales, the 95% of the turnover for the OEM (Original Equipment Manufacturer) in the automotive comes from car sales and the remaining 5% comes from the spare part sales. On the other sides, the profits are equally distributed within final product and spare part sales.Almost the same could be said for the OES (Original Equipment Spares), where the contribution to turnover given by the aftermarket sales account for 20% of the total, contributing for around 50% for the total profit.The After Sales service is subject to several competitive pressures, arising from many sides such as, for example, technology, customers or regulations, which in turn impact on the processes, the infrastructures and the management polic
For this purpose, the author recommends to study the problems unsolved by the “the classicists of Forex” – such as D. Murphy, T. DeMark, D. Swagger, E. Neiman, etc. (see the previous chapters).
Below the author enumerates the problems concerning the slanted channel technique, unexplained by “classicists of Forex”. In addition, the author demonstrates how these problems are solved within Masterforex-V Trading System.
The first difference between the approaches of “Forex classicists” and Masterforex-V Trading System to the slanted channel technique consists in applying different timeframes.
*T. DeMark prefers to work with D1-charts.
* In Masterforex-V Trading System, it is recommended to work within the timeframes to start from M1 and up to W1. This approach permits us to settle down certain contradiction. The latter is mentioned by E. Neiman. According to this specialist, trend lines and models examined in various timeframes can differ. For instance, the weekly trade can look as the “bull’s one. At the same time, the daily trend can be regarded as “bear”.
In addition, the author of this book would like to emphasize the following. Within H4-chart timeframe a flat can occur. Within H1-chart timeframe, a trend is possible – and so on – up to M1.
That is, the reader must see that a lot of tricks can be played by rulers of the game of Forex with an individual - particularly, due to the difference in timeframes (M1?W1, etc).
Thus, the reader must understand that there exits a certain correlation between trends of different kinds (within M1?W1). An individual who works within the only timeframe does lose his game for sure. As it had happened before, at least 19 of 20 traders had lost their money. Such traders had confidence in basic plots of Forex – in D1, or H1, or M1.
Below there is given an example of the slanted channel behavior within M1-timeframe.
(For view the picture see notes in end of article)
In addition, there are plots that depict the slanted channel behavior in M5 timeframe.
Examining such an example of a heavy “bear” trend (GBP/USD pair movement), one can make the following conclusions.
· The session trend can play the role of the correction of a heavy “bull” trend in the H1-timeframe.
· The session trend is going on until the price is still remaining on the left of the slanted channel, turned downward.
Thus, in practice, each trader who works with 3 screens (according to A. Elder’s technique) - or with four screens (according to Masterforex-V trading system) – gets the better of an individual who opens just a single screen in his terminal. A chart can be plotted in any timeframe – whether it is M1, M5, H1, H4, D1, etc. – it does not matter.
· The slanted channel technique is one of the ways of comprehending the essence of the trend development.
· For watching the charts, the quantity of 3 or 4 screens is optimal. So to say, in this way it becomes easier to trace out the correlation between trends examined in different timeframes.
For instance, a trader can prefer working with H1-charts (see the figures submitted above). In this case, an individual can detect the “bull” trend correction tending downwards in H1- timeframe charts presented.
The second difference between the approaches of “Forex classicists” and Masterforex-V Trading System to the slanted channel technique consists in the fact that the slanted channels do indicate different important levels.
· “Classicists of Forex” (D. Murphy, T. DeMark, D. Swagger, E. Neiman, etc.) pay attention just to the trend levels.
· According to Masterforex-V Trading System, a trend, its correction and a flat must be taken into account.
In a way, “classicists of Forex” make a kind of mistake. That is, they use the slanted channels technique just when they deal with a trend. This point issues (originates) from the problems unsolved before. The trader must learn to watch the correlation between various timeframes.
According to Masterforex-V Trading System, there exist at least four kinds of the trend:
· the intersession trend;
· the intraweek trend;
· the trend of duration to start from several weeks;
· the trend of duration to start from several months and longer.
Thus, one can see that special slanted channels are inherent in the intersession trend (M 1-15). In the timeframe of a longer trend (e.g., such as H 1-4), these slanted channels just play the role either of the trend correction or a flat.
Let us dwell on the value of this circumstance for the trade at Forex.
The
As Google shows that internet surfing has overtaken the TV as a pleasure activity, mums (and house dads) living in suburbia are revealed as the new audience for websites.In the UK the Government’s aim is to put public services online. The increased availability of broadband is allowing families tied to the house at home to make more use of the internet, and the term ‘mousewife’ has been coined for these folks. Planning applications and making payments are the most popular services, and council websites are receiving 13 million visits a month.Research is showing that more and more families are using these online services, finding it easy to access government and local authority services at times and places convenient to them. Some councils are finding that the internet is starting to take over from the telephone as the most popular communication channel.The UK Government is delighted with the success of its e-government venture, as it enables savings to be made on services – as ‘mousewives’ self-serve information costs can be cut by lowering staffing levels, or money can be diverted into those services which need more cash.Older people, ‘Silver Surfers’ are also finding they like to contact their councils in this way.So what does the emergence of the Mousewife mean to the commercial webmaster? Internet usage during the day is becoming serious competition for day time television. People at home during the day are as likely to spend their time surfing the internet as watching repeats and chat shows.Internet shopping has increased considerably over the last few years, and people are used to finding information on line rather than going to the local library: in fact this is one area where the world wide web really does have one over on local authority services – the book you want is never out! (Although you do have to be able to find it!)If you have a business getting an internet presence is an absolute must as people change their behaviour. No longer will they want to pick up the phone to see if that holiday cottage is available – they want instantaneous information. If they want information about an area they won’t want to buy a travel book, but look around at the different information available on the ‘net!In the next few months the UK Government is going to undertake a vast advertising campaign promoting online services and encouragin
In addition, the author of this book would like to emphasize the following. Within H4-chart timeframe a flat can occur. Within H1-chart timeframe, a trend is possible – and so on – up to M1.
That is, the reader must see that a lot of tricks can be played by rulers of the game of Forex with an individual - particularly, due to the difference in timeframes (M1?W1, etc).
Thus, the reader must understand that there exits a certain correlation between trends of different kinds (within M1?W1). An individual who works within the only timeframe does lose his game for sure. As it had happened before, at least 19 of 20 traders had lost their money. Such traders had confidence in basic plots of Forex – in D1, or H1, or M1.
Below there is given an example of the slanted channel behavior within M1-timeframe.
(For view the picture see notes in end of article)
In addition, there are plots that depict the slanted channel behavior in M5 timeframe.
Examining such an example of a heavy “bear” trend (GBP/USD pair movement), one can make the following conclusions.
· The session trend can play the role of the correction of a heavy “bull” trend in the H1-timeframe.
· The session trend is going on until the price is still remaining on the left of the slanted channel, turned downward.
Thus, in practice, each trader who works with 3 screens (according to A. Elder’s technique) - or with four screens (according to Masterforex-V trading system) – gets the better of an individual who opens just a single screen in his terminal. A chart can be plotted in any timeframe – whether it is M1, M5, H1, H4, D1, etc. – it does not matter.
· The slanted channel technique is one of the ways of comprehending the essence of the trend development.
· For watching the charts, the quantity of 3 or 4 screens is optimal. So to say, in this way it becomes easier to trace out the correlation between trends examined in different timeframes.
For instance, a trader can prefer working with H1-charts (see the figures submitted above). In this case, an individual can detect the “bull” trend correction tending downwards in H1- timeframe charts presented.
The second difference between the approaches of “Forex classicists” and Masterforex-V Trading System to the slanted channel technique consists in the fact that the slanted channels do indicate different important levels.
· “Classicists of Forex” (D. Murphy, T. DeMark, D. Swagger, E. Neiman, etc.) pay attention just to the trend levels.
· According to Masterforex-V Trading System, a trend, its correction and a flat must be taken into account.
In a way, “classicists of Forex” make a kind of mistake. That is, they use the slanted channels technique just when they deal with a trend. This point issues (originates) from the problems unsolved before. The trader must learn to watch the correlation between various timeframes.
According to Masterforex-V Trading System, there exist at least four kinds of the trend:
· the intersession trend;
· the intraweek trend;
· the trend of duration to start from several weeks;
· the trend of duration to start from several months and longer.
Thus, one can see that special slanted channels are inherent in the intersession trend (M 1-15). In the timeframe of a longer trend (e.g., such as H 1-4), these slanted channels just play the role either of the trend correction or a flat.
Let us dwell on the value of this circumstance for the trade at Forex.
The
If marketing is the life blood of business, then testimonials are the oxygen. Testimonials are sincere satisfied customers praising your product or service to the world. They are better than any advertisement you could buy or any interview you can take part in. If you think about it, most people are pretty skeptical about businesses anyway. They are bombarded with big dollar ads all around them. Whether it’s some catchy commercial on television or radio or something they’ve read in a magazine or newspaper. Some companies have gone on to hire famous celebrities to endorse their products because it works. But we don’t have the million dollar budgets to pay celebrities to lie about our service.Yes, Americans are on information overload. It is hard for today’s customer to see true value in anything that is being offered for sale. In comes the gloating customer who has testified to anyone who will listen that your service is world class. They explain how your company has made a difference in their lives or business. In short testimonials add a kind of credibility to your business that no amount of money can buy.I want you to appreciate the power of testimonials and how they can positively influence the bottom line of your business. As a Mobile Notary trying to attract more customers, you need every edge available to help you to succeed. I promise that if you solicit written testimonials from your current customer about how good of a job you do, it will pay handsome dividends in the end. In fact, the use of testimonials will give you an unfair advantage over you competition, because they don’t understand its power.Once you have some testimonials, you then include reproductions of them in every piece of marketing material that leaves your desk. Whether it is a simple letter or post card to your potential customers, show them what others are saying about you. You should also put them on your website if you have one and you should. Make your testimonials easy to verify. Get permission from those customers who have written testimonial for you to include contact information for them. This adds more credibility because your potential customers may want to check to see if they are real.Our customers are just like us. They want great service and we want to provide that. Without the use of testimonials in your marketing materials “never the twain shall meet!”
Below there is given an example of the slanted channel behavior within M1-timeframe.
(For view the picture see notes in end of article)
In addition, there are plots that depict the slanted channel behavior in M5 timeframe.
Examining such an example of a heavy “bear” trend (GBP/USD pair movement), one can make the following conclusions.
· The session trend can play the role of the correction of a heavy “bull” trend in the H1-timeframe.
· The session trend is going on until the price is still remaining on the left of the slanted channel, turned downward.
Thus, in practice, each trader who works with 3 screens (according to A. Elder’s technique) - or with four screens (according to Masterforex-V trading system) – gets the better of an individual who opens just a single screen in his terminal. A chart can be plotted in any timeframe – whether it is M1, M5, H1, H4, D1, etc. – it does not matter.
· The slanted channel technique is one of the ways of comprehending the essence of the trend development.
· For watching the charts, the quantity of 3 or 4 screens is optimal. So to say, in this way it becomes easier to trace out the correlation between trends examined in different timeframes.
For instance, a trader can prefer working with H1-charts (see the figures submitted above). In this case, an individual can detect the “bull” trend correction tending downwards in H1- timeframe charts presented.
The second difference between the approaches of “Forex classicists” and Masterforex-V Trading System to the slanted channel technique consists in the fact that the slanted channels do indicate different important levels.
· “Classicists of Forex” (D. Murphy, T. DeMark, D. Swagger, E. Neiman, etc.) pay attention just to the trend levels.
· According to Masterforex-V Trading System, a trend, its correction and a flat must be taken into account.
In a way, “classicists of Forex” make a kind of mistake. That is, they use the slanted channels technique just when they deal with a trend. This point issues (originates) from the problems unsolved before. The trader must learn to watch the correlation between various timeframes.
According to Masterforex-V Trading System, there exist at least four kinds of the trend:
· the intersession trend;
· the intraweek trend;
· the trend of duration to start from several weeks;
· the trend of duration to start from several months and longer.
Thus, one can see that special slanted channels are inherent in the intersession trend (M 1-15). In the timeframe of a longer trend (e.g., such as H 1-4), these slanted channels just play the role either of the trend correction or a flat.
Let us dwell on the value of this circumstance for the trade at Forex.
The
Super-Affiliates!What are they?Do you see this term often online and end up confused to what it means and the purpose they serve online?It sounded really mysterious to me when I first came across the term which peeked my curiosity and led me to research the term further to find out exactly what the term meant and more importantly what there roll was in the Internet marketing world.The information I discovered was Astonishing!What I'm about to reveal to you in this article will blow your mind and hopefully take away the mystery and answer the questions you once had about what a 'Super-Affiliate' is and why they ARE your......"Ticket To Online Success!"Let's first take away the mystery behind what a 'Super-Affiliate' is so that you'll have a clear picture inside your head of how they'll benefit your online business for years to come.A 'Super-Affiliate' is simply either or both a High Traffic website and/or a eZine/Newsletter owner with a HUGE targeted opt-in mailing list that are able to sell more in a given day then you could in a month.As you will learn, the internet is nothing more then a numbers game and the super-affiliate's are simply the one's who have already put in the time and have the highest numbers when it comes to 'Website Traffic' and targeted 'Opt-In' mailing lists.Are you starting to see the BIG picture yet?Now, lets move on and break this down a little with some rough numbers so you'll be able to have better idea of what to look for when it comes to locating an 'Super-Affiliate' via search engines and/or eZine/Newsletter directories.Let's first start with the Search Engines.When your searching the web for super-affiliate's with high traffic website's this is the general guideline I use to gauge their importance.But, in order for me to do a proper traffic analysis of there website I need to use a special webmaster toolbar offered through Alexa.com.This toolbar is essential and a must have when it comes to locating super-affiliates and the reason why is because it reveals the 'Traffic Ranking' for that particular website you are viewing making it easier for you to tell the difference between the super-affiliates and the other websites that are just getting by.Here's the link to where you can download your own free Alexa toolbar if you choose: Did Wal-Mart Kill JJ or Was It Suicide?
The City of Bristol is very unique in that it is one very few American cities whose borders transgress a state line. Some of the city is in the state of Tennessee while the rest of the city is located in the state of Virginia. What is not unique about Bristol, TN/VA, is that the local newspaper, The Bristol Herald Courier, quoted store manager Leon Peters as blaming the business failure on Kmart and Wal-Mart.In an interview with Peters, Multicultural Business Council’s Together News discovered that although he did mention to national retail chains, he emphasized it was only part of the problem. The root problem, according to Peters, is that competition of the major chains and Internet businesses caused deterioration in JJ’s sales volume.Once known for offering custom guitars and other musical instruments, the store eliminated those items from their merchandise mix about a year ago. They were finding it difficult to sell these items while the chain stores offered opening price points at mass-production retails as opposed to JJ’s higher-priced handmade products.People tend to want to believe discounters like Wal-Mart are detrimental to local businesses. This view fails to understand guiding principles behind the Wal-Mart merchandise philosophy. The secret behind Wal-Mart is very simple -- sell only items they create tremendous volume. Each merchandise category consists of the best-selling items that can be ordered in bulk. This creates tremendous efficiencies throughout their entire distribution network.Their philosophy requires Wal-Mart to carry only those items appealing to broad demographics. This leaves local businesses with the outstanding opportunity to reach out to sub-demographics. These sub-demographics include unique local cultures, ethnic diversity, and other categories not reported by the U.S. Census Bureau or Nielsen.In the case of Bristol, opportunities existed by reaching out to the South American, Latin American, and African students attending the local colleges. Creating a cultural experience for these customers along with the local instrument-making and grass roots musical talent would have resulted in a differentiated marketing plan -- one that Wal-Mart would not even attempt to compete against.Local communities will continue to suffer the loss of local businesses if they do not realize that local demographics are changing faster b
In a way, “classicists of Forex” make a kind of mistake. That is, they use the slanted channels technique just when they deal with a trend. This point issues (originates) from the problems unsolved before. The trader must learn to watch the correlation between various timeframes.
According to Masterforex-V Trading System, there exist at least four kinds of the trend:
· the intersession trend;
· the intraweek trend;
· the trend of duration to start from several weeks;
· the trend of duration to start from several months and longer.
Thus, one can see that special slanted channels are inherent in the intersession trend (M 1-15). In the timeframe of a longer trend (e.g., such as H 1-4), these slanted channels just play the role either of the trend correction or a flat.
Let us dwell on the value of this circumstance for the trade at Forex.
The trader must trace out when the correction (recoil) will come to the end in the H (1-4) charts. After this a new wave of the trend starts within the H 1-4 chart timeframe.
In fact, this happens when there occurs the true breaking through the slanted channel correction H1-4 chart – it is equal to (the equivalent of) the trend slanted channel within M 5-30 chart timeframe.
Taking this circumstance into account, the reader can see the problem of slanted channels in its essence. This problem is formulated by E. Neiman in the following way. This author emphasizes that the direction of the real trend and the direction prognosticated analytically don’t coincide. This contradiction becomes especially important under the condition of the trade reversal.
Briefly, to say, the conclusions are the following.
· The trend reversal in a small timeframe makes the start of the chart correction in a larger-scale timeframe at Forex.
· The trend correction reversal in a smaller timeframe can indicate the possibility of the beginning of a trend in a larger timeframe. The possibilities of the trend existence – or its absence – are analyzed with the help of other instruments of the work at Forex.
There exists the third difference in the approaches of “the classicists” and Masterforex-V Trading System. The problem is to detect whether the breaking through slanted channels is true or false.
This is the keystone problem – i.e., one must detect whether there becomes the end of a given trend or its continuation.
· The true breaking through slanted channel borders is the tendency reversal within a given timeframe.
For instance, the development of such events is illustrated in the chart presented above. On July 25, 2006 one can see a heavy “bear” session trend M5 within the heavy “bull” trend. The downward-turned M5-trend is the exact equivalent of the downward-turned H1-trend. The true breaking through the slanted channel upwards in M5-trend is one of the criteria of opening a deal on “buy” – before there can start a heavy trend recoil within H1-timeframe.
· The false breaking through slanted channel borders is just the trend correction. After such false breaking through slanted channel borders, the given trend tendency starts to continue to evolve again.
Any “classicist” of Forex has not resolved the given contradiction. Anyone of them has not submitted clear criteria of the difference between the true and false breaking through slanted channels.
Let us examine a series of examples.
J. Murphy could not understand the “enigma” of false breaking. The corresponding chart is depicted in his book.
J. Murphy emphasizes that within a day the prices can break through the trend line. However, up to the moment of the closing the situation can be restored. Consequently, the analyst must be sure whether the breaking does have happened. For pity, in this case, there are no certain advices. As in many other areas of the market, the intuition “gains the all”.
However, E. Neiman has not explained why the downward-directed slanted channel breaking was false at the chart presented below.
One must admit that E. Neiman has not submitted any logical pattern of the chart behavior. Instead of this, E. Neiman just recommends to traders just the following – not to search for trend figures where they are absent. It can be just your fancy.
T. DeMark has confessed that he doesn’t understand these contradictions in the slanted channel aspects. To illustrate, his viewpoint, he submits the following chart.
T. DeMark recommended paying attention to the following fact. In the chart 1.30, the price guide post is prescribed by the projector #1. After the breaking of TD-line of demand A-B downwards, this price guide post has no time to be realized (to come true, to be put into effect). This is conditioned by the upward-directed breaking through the descending TD-line of supply C-D. As the result, t
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