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GMEfx Study Guide

This document provides a guide to currency trading using the GMEfx BlueRed system. It includes: 1) An overview of the BlueRed system which analyzes 14 technical indicators and uses color coding (blue/red) to identify trend direction. 2) Details on how to use the system to make buy/sell decisions based on rules involving the color meter, moving averages, and stochastic indicators. Stop losses can be placed relative to blue/red dots. 3) Information on money management including calculating potential profits based on pips earned and lot size. Reference websites like ForexFactory are also discussed to research news impacts.

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Emil Tang
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
191 views

GMEfx Study Guide

This document provides a guide to currency trading using the GMEfx BlueRed system. It includes: 1) An overview of the BlueRed system which analyzes 14 technical indicators and uses color coding (blue/red) to identify trend direction. 2) Details on how to use the system to make buy/sell decisions based on rules involving the color meter, moving averages, and stochastic indicators. Stop losses can be placed relative to blue/red dots. 3) Information on money management including calculating potential profits based on pips earned and lot size. Reference websites like ForexFactory are also discussed to research news impacts.

Uploaded by

Emil Tang
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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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

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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 dont 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 !

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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

Lets 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 .

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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 .
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
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 .
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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] .

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What does lot size mean ?


Lot size
1
0.1
0.01

Standard lot
10 usd
1 usd
0.1 usd

Mini lot
1 usd
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
EUR/USD :1.0300

exp:5 digits platform


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
10
10
10

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Lot size
1
0.1
0.01

Standard lot
10 usd
1 usd
0.1 usd

Mini lot
1 usd
0.1 usd
0.01 usd

Return(USD)
100 or 10
10 or 1
1 or 0.1

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 urs stop loss level .Lets look at it !
Example1If you do SELL order .
TIPs:Stop loss set above the RED dots around 100-300pips .

Example2If you do BUY order .


TIPs:Stop loss set below the BLUE dots around 100-300pips .

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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

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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 zoneto +8.00 (Singapore) as well as off theDST.

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
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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 !

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Personal Information
H/P: 012-3182809 /010-8265930
E-MAIL: [email protected]
FB: forex kingsley

YOUR PROFIT OUR CONCERN

Brought to you by :
Kingsley Tan

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