Hi all!

Hope my six rules of self-preparation of investment tactics are useful to you. Before I explain my strategies in forex market,  let me recap again on my six rules.

They are:

1. KNOW YOUR STRENGTH
2. UNDERSTAND YOUR OPPONENT
3. KNOW YOUR TERRAIN
4. CALCULATION OF RISK
5. DISCIPLINE                 
6. LOGISTIC          

Very often when come to investment, most of us will depart our army (CAPITAL) & let the general (BROKER) that you engaged to fight the war. Hopefully they'll come back with victory. "STOP DREAMING! WAKE-UP-YOUR-IDEA! SOLDIERS!" That's my husband always say to me. He said investment is like a war, you have to lead your army personally. The  lives of the army is in your hands, you are responsible for it. So he summarized into 5 different strategies that the generals (TRADERS) are using.
These are:



1.) WAIT FOR OPPORTUNITIES
The most common tactic that most traders are using. There are predefine price range that had been calculated base on daily, weekly and monthly charts. Depending on what kind of investors you are. For intraday trader like me, I do calculation base on daily & weekly charts, so that I would roughly know where the price ranges are and where to enter a position for my war. (I'm not a long-term war fighter, do not want to worry about my army's safety while I'm sleeping. So I retreat everyday.)
Traders will set a targeted price after they have it calculated, when price cross the line. (Where your opponent comes into your territory.)  
Traders start to enter position. (Whether this ambush tactic works very often depend on how far your opponent had travelled. If price have been going up too much, even though the line is cross, it normally won't go too far, a retracement would occur.) 
Of course there are weapons ( INDICATORS) used where you can attack your opponent while they retreat. Do bear in mind that great patient are needed while waiting for opportunities. (Just FYI, in forex market, you are not just enter the market where price is moving up. You can enter the market when price is moving down as well.)

2.) FOLLOW THE FLOW OF STRENGTH
Imagine you are rowing a boat in a river, will you go against the current or follow it. In currency market, it happen to work in the same way. This is what we call a trend market, where price go towards one direction. It will be very dangerous to go against the trend! A lot of boat got capsize & a lot of traders who try to fight it, ended up seriously injured. ( There are a lot of ways to detect the trend, for more detail please visit http://forexoceanview.blogspot.com/) 
When things are in your opponent favour, befriend him! Join force with him & he will make you stronger! (Please note that not everyday you can encounter a trend in forex market if you are a intraday trader!)


3.) SPY WORKS
Using spy to keep track of your opponent movement & progress are one of the complex work. If you are not well train in analyse the information's, you may find yourselves get into the market too early, which may exposed to yourselves to a higher risk even though you maybe right on it's move! (Traders use technical tools to identify whether the trend is coming to an end or if it is a starting of a trend! And there is time where you got non-trend situation. Different indicators will be cater for it. For more info please visit http://forexoceanview.blogspot.com/) 
It may not be easy, but you will love it when you know the tactics and when to use it. So, learn to spy your target! Your target will pay you everyday even in a non-trend market condition. 



4.) ATTACK WHEN YOUR TARGET ARE WEAK
Isn't it easy to take down your opponent when they are weak or exhausted? In forex market, currency fall into prey when there are important news or data are release. In today's world, all news and data are easily available instantly. All you have to do is to identify & understand which data & news will create an impact to your target. (Do be careful when using fundamental analysis tactic, the respond from the market may react differently at time. It would still be advised to learn about technical analyzing if you are serious about investment.)

5.) FIGHT A SEASONAL WAR
In the past, countries go into war at spring & autumn season. This is at these time where weather are at it's best and soldiers are more in condition to fight! (Do not get mistaken that I advised you to trade only at spring or autumn.) 
In forex market, there are these seasonal traders who trade & hold their position for months. These people normally come into war with huge army strength. (But that doesn't mean they will not get injure! Very often they either get great victory or suffer great loss!) 
These tactic are base on historical price range where investors believe that the price will not go up any further and will reverse around the range. They enter position to sell the targeted currency & exit the market until it reach a point where they believe a reversal will occur base on historical price range and vise-versa.


The above mention tactics greater depend on situation of different market condition. It would be good to know the execution of different methods so as to avoid risk whether you are in forex, stock or commodities markets, they works in the similar ways! Remember, the more strategies you know, the more easier for you to deploy your army! Do feel free to share your opinion at my comments column. On my next post, I'll be discussed on attitudes of most retail traders should be prepared before entering a war!