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Uploaded on Mar 2, 2009
http://forextko.com ForexTKO always has a trading plan, and do not recommend trading at all without one. http://forextko.zulutrade.com We don't enter into a trade until we see a technical pattern something which conforms to our techniques, and lets us formulate a trading plan. Where to Enter, Where to Exit, Where to take partial profit and the amount of Risk we will accept. We use a Pivot Point System which is a technique developed by floor traders, to help ascertain where the price is relative to previous market action. We also use Fibonacci, Chart patterns and Divergence. But for us, as long as we don?t have any formed confirmations based on technical?s we don?t enter into at trade. We pay attention to the Fundamentals and trade accordingly. We pride ourselves on the low risk to high reward ratio we employ. Trading eur/usd, eur/jpy, gbp/jpy and gbp/usd. Forex Technical Knock Out