Uploaded by iorhiinphilip

free-forex-strategies-that-pays-bills

advertisement
TABLE OF CONTENT
Chapter 01
Cheat Sheet ------------------------------------------------ 01
1.1 HOW TO GET AT LEAST 40+ PIPS WITH GOLD IN
EVERY TRADING DAY ------------------------------------- 01
1.2 Checklist ------------------------------------------------- 02
1.3 Definition ------------------------------------------------ 03
1.4 Detailed analysis ---------------------------------------- 05
Synopsis ----------------------------------------------------- 14
Chapter 2
Smart money Terminology --------------------------------- 15
2.1 Liquidity ------------------------------------------------- 15
2.2 Imbalance ----------------------------------------------- 16
2.3 Break of Structure -------------------------------------- 17
2.4 Order Block --------------------------------------------- 17
2.4.1 Bullish Order Block ---------------------------------- 18
2.4.2 Bearish Order Block --------------------------------- 19
2.5 Order Block Area ---------------------------------------20
2.6 Fibonacci Retracement -------------------------------- 20
2.7 Point of Interest ---------------------------------------- 21
Chapter 3
Market Structure --------------------------------------------22
3.1: Bullish Market Structure ----------------------------- 23
3.2: Bearish Market Structure -----------------------------25
3.3: Consolidation ------------------------------------------ 26
TABLE OF CONTENT
Chapter 4
Secret About Time ------------------------------------------27
4.1 Why Session is Important? -----------------------------27
4.2 How to Use Session Indicator ------------------------- 29
4.3 Session Trap or Grab ----------------------------------- 33
4.3.1 London Session Grab -------------------------------- 34
4.3.2 New York Session Grab ----------------------------- 35
4.3.3 NYSE Opening Trap ---------------------------------- 36
Chapter 5
Seasonality -------------------------------------------------- 37
5.1 Euro Seasonality ----------------------------------------38
5.2 Canadian Dollar Seasonality ---------------------------40
5.3 Great Britain Pound Seasonality --------------------- 42
5.4 US Dollar Index Futures Seasonality -----------------44
Chapter 6
Currency Future ------------------------------------------- 46
6.1 EUR and AUD Futures -------------------------------- 46
6.2 GBP and USD Futures -------------------------------- 49
6.3 USD and CAD Futures -------------------------------- 51
6.4 EUR and USD Future ---------------------------------- 53
TABLE OF CONTENT
Chapter 7
The Easiest Smart Money Strategy To Trade Gold ------ 55
Chapter 8
Advance Trading: Wyckoff Strategy --------------------- 59
8.1.1 DISTRIBUTION SCHEMATIC-1 ------------------- 60
8.1.2 DISTRIBUTION SCHEMATIC-2 ------------------- 60
8.2.1 ACCUMULATION SCHEMATIC-1 ---------------- 63
8.2.2 ACCUMULATION SCHEMATIC-2 ---------------- 63
8.0 Trading GOLD Based On Wyckoff Strategy --------- 66
Chapter 9
Mental Game of Trading ---------------------------------- 70
9.1 Definition Mental Game Range: ---------------------- 74
9.2 Defining Tactical Game Range: ------------------------77
Chapter 10
Mental Hand History -------------------------------------- 79
Chapter 11
Final Thought
----------------------------------------------81
CHAPTER 01: CHEAT SHEET
1.1 HOW TO GET AT LEAST 40+ PIPS WITH
GOLD IN EVERY TRADING DAY
STRATEGY 01:
Our core objective is to trade gold in a simple, easy-tounderstand method. We will rely on a simple, highly
accurate and newbie-friendly method.
Breakout → Retest → Execution
To get the best possible confirmation, we have to make
sure of every confluence for every major timeframe(W, D,
4H, 1H, 30M, 15M).
The high accuracy of this strategy is the outcome of years
of backtested gold data. Due to the best volume provided
by the market during the New York session, we highly
recommend you to trade in that period.
If you have any kind of query, our telegram platform
@pafx_subbot is always open for you.
01
1.2 CHECK LIST
#01: Are you having these 5 feelings before taking a
trade?
Try Relaxed
Decisive
Patient
Confident
Trusting Gut
Good To Trade
Anxious
Distress
Fear
Greed
Self-doubt
Do Not Trade
#02: Have you checked for any possible news for the day?
YES
#03: Have you removed all the previous drawings from
your chart?
YES
#04 Technical Cheatsheet: Make sure to tick all the boxes
below before taking a trade:
Identify Weekly Support & Resistance Zones
Identify Daily Support, Resistance Zones & Possible
Fakeouts
Identify 4H & 1H Support, Resistance Zones
Look for Breakouts in the 1H, 30M & 15M Timeframe
02
1.3 Definition
Figure 1.3: Support & resistance
Support & Resistance: Support describes a price level
where a downtrend pauses due to the demand for an
asset increasing, while resistance refers to a level where
an uptrend reverses as a sell-off happens. Price reacts
multiple times from support & resistance level and the
price usually changes its direction from here. But these
levels can be broken and when support breaks, it becomes
resistance and resistance becomes support. You can have
an idea from the chart above.
Supply & Demand Zones: Supply-demand is nothing but
the border area of support or resistance.
03
Figure 1.3: Fakeout, Breakout & Retest
Fakeout: In technical analysis, Fakeout explains a state in
which a trader enters into a position, anticipating a future
transaction signal or price movement, but the signal or
movement never develops and the asset moves in the
opposite direction.
Retest: It refers to the price reversing in a certain
direction after a breakout and returning to the breakout
level to see if it will hold.
Breakout: Price moving outside a defined support or
resistance level with increased volume is called the
breakout.
04
1.4 DETAILED ANALYSIS
Required timeframes: W, D, 4H, 1H, 30M, 15M
#01: Identify Weekly Support & Resistance Zones
Figure 1.4.1: Weekly Support & Resistance Zones
You can see the significant supply and demand zone in
the weekly time frame. Now if you just pay close
attention, the weekly support zone was around 1785 and
the opening price for that week was around 1850.
Moreover, we have identified 1870 as the weekly major
resistance level.
05
#02: Identify Daily Support, Resistance Zones & Possible
Fakeouts
Figure 1.4.2: Daily support & resistance zones & possible fakeouts
When it comes to the daily time frame, we have identified
weekly resistance and possible daily resistance zone along
with, our recent daily resistance zone which is around
1811. You can see a significant fakeout market in the
daily time frame as well.
06
#03: Identify 4H Support, Resistance Zones
Figure 1.4.3: 4H support & resistance zones
This 4H Candle represents the move that we are about to
show.
Now, as we saw in the picture just above that the daily
and the 4-hour resistance zones are perfectly aligned with
each other, let's jump into the other 3 time frames. We’ll
let you know in 4 pages, how you could have gained from
these moves.
07
#04: Identify 1H Support, Resistance Zones
Figure 1.4.4: 1H support & resistance zones
Let's just jump right into the 1-hour time frame.
After paying closer attention, we can easily identify the
support and resistance zones in this Timeframe. For more
confirmation, we need to observe certain things. There
are,
1. The Daily & The 4H Resistance area perfectly align
with the 1H Resistance area. As the price had a
significant rejection from The Daily & The 4H
Resistance area.
2. The Weekly support area perfectly aligns with the 1H
support area because the price has already tested the
zone twice. Therefore, we can consider the weekly
support area as our sell-side target.
08
#05: Look for Breakouts in 1H Timeframe
Figure 1.4.5: Breakout in 1H Time Frame
During the opening of the NY session (Red region of the
chart), the 1-hour candle had a significant rejection from
the low of the London session. The next 1-hour candle
closed below the previous 1-hour candle. NYSE (New
York Stock Exchange) is going to open after 30M. This
illustrates, there has been a selling opportunity incoming
with the volume of the NYSE (New York Stock Exchange).
Whenever we see something like this in the chart, we
surely need to have the proper retest (When Price returns
to breakout level) before execution. Let's drive into the
lower timeframe (30M).
09
#06: Look for Breakouts in the 30M Timeframe:
Figure 1.4.6: Breakouts in 30M Timeframe
This 30-Minute candle breaks below the support area. As
we already had a breakout (Price moving outside a defined
support or resistance level with increased volume), the next
thing we needed was to wait for a retest (When Price
returns to breakout level).
Let's look for this retest at 15M Timeframe, for the best
possible Entry.
10
#07: Look for The Entry in The 15M Timeframe:
Figure 1.4.7: Entry in 15M Timeframe
We zoomed in to the 15M Timeframe to provide you with
a clear idea. This 15M candle provides us with the Perfect
Entry (When An Entry Ensures Minimal Drawdown & High
Risk to Reward Ratio) as:
It failed to close above the previous 15M candle
It closed below the previous 15M candle.
Had a strong rejection from the wick of the previous
15M Candle
11
BEFORE
AFTER
This trading setup works best in the NY session, as most
of the market volume gets generated here.
12
Some important notes:
Focus on the price gaps over the weekends. (Gaps are
sharp breaks in price with no trading occurring in
between. Gaps may take place either moving up or
moving down. In the forex market, gaps primarily
occur over the weekend because it is the only time
the forex market closes. It as well takes place on a
very short timeframe such as a one-minute chart or
immediately following a major news announcement)
Trading time: 6 AM to 10 AM EST.
If a candle closes with no wick on the top or bottom,
that means a possible rejection from the nearby
support and resistance zone is incoming. This is
applicable for the Daily to 5M timeframe.
You need to identify the bias. The easiest way to
identify this, is by spotting the higher Time Frame
bias. (Determining if the higher timeframe is bullish or
bearish)
The good buys will always be above a strong
resistance level at a higher time frame (1H, 4H, D, W)
& vice versa.
After the break of a strong support and resistance
level, the price fills wick/ fills imbalance in most of the
cases.
Whenever the price moves, look for the place where
the last support/resistance was formed.
13
Synopsis
Banks ensure the safety and security of our money. And
the people around the globe do their savings in the banks.
That's why banks/institutions have more money than
common people. They use this money to compensate
their employees.
But how do they manage to do all of these? They trade in
order to make more money. They have the best algorithm
and strategies for trading in the financial market, and they
always win.
We have heard about the smart money concept over the
internet more or less. Banks/institutions/ hedge funds
refer to the smart money. In this book, we are going to
share with you about how banks/institutions trade in the
forex market and make money. Also, you will get an
example of how to trade by following their smart money
strategy.
Want full access to secret trading
strategies and earn 10X MORE?
YES! SHOW ME HOW!
14
Download