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| ForexSAM - About SAM | |||
S.A.M. of ForexSAM.com stands for the phrase of “staying ahead of market.” It is also a unique feature of this website’s market analysis, which epitomizes its author’s philosophy that without it any talk of market movement during or after the fact would be meaningless to those most affected by it. Hence, S.A.M. is in its own way a standard by which to judge the validity of any and all market forecast – state the reason (market technicals), set the reward (profit target), and settle the risk (loss tolerance). All must be given before going into the coming market. Without these three elements being unambiguously stated ahead of time, an expert’s opinion is as phony as can be. The chief author of Forex-SAM.com is a technical analyst who stumbled into Forex market in June of 1992 and became a baptized Forex trader three months later in the blood path of British pound devaluation, an event that made Mr. George Soros a household name in the community of forex trading. Like many of his colleagues, the author lost money during that dreadful summer. Unlike many, however, the author didn’t lose confidence and instead went on to discover for himself that contrary to popular belief, there are actually ways to technically predict many if not all market movements, sometimes even cornering them with shocking accuracy from direction to length to timing. The lure of this excitement and challenge has kept the author ever since in the field of Forex technical analysis. To boldly demonstrate this discovery, the author and his teammates began to openly post their brand of analysis to fellow traders in the cyber world. At the start of 1997, they half-heartedly tormented a Forex website’s after-fact analysis by sharing their own S.A.M.-style forecast with viewers for a month. At the successful conclusion, the author’s mailbox was flooded with endless viewer inquiries to please continue. To keep the correspondence going, a website was set up where the author’s own Forex monologue began for anyone who cared to listen. A sponsor then picked up the website and ran it for six years until disbandment in May of 2003. Viewers’ outcry against the website disruption is as heart-warming as it is supportive, both overwhelming. It injects into our heart a sense of duty, camaraderie, and determination to start a new website for as long as viewers need and support its existence. ForexSAM.com will therefore rely on its due diligence and technical know-how to make itself a website that is truly worth and deserving of viewers’ contributions. ForexSAM.com’s performance will start anew from ground up under viewers’ scrutiny as always since 1997. All trades will be guided in and out of market by our technician with the aid of computerized signals (to decide whether to buy or sell), charting analysis (to know where to enter or exit), and predetermined rules of engagements (to ensure when to take profit or cut loss). By the end of each trading day, viewers will be able to observe the signals, see the anticipated resistance/support levels for entry/exit, and read the updated strategies for the market next day. Before each weekend, a detailed weekly analysis and illustrations will be conducted to summarize key market events of the past week, while envisioning most likely scenarios for the coming week. Monthly charts are updated whenever it becomes necessary, or otherwise biannually. They are frequently referred to as a source for out-of-chart trend targets that sit outside the boundary of daily or weekly charts.
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