Forex Trading – How to trade Forex

all proper so simply to provide you an

overview of how the weeks been so a long way it is Thursday November 18th and so a ways this week we’ve got positioned seven qualities and produce almost a hundred pips of income ninety-six pips to be precise and

throughout this I’ll exhibit you precisely how we produce that ninety six pips the first pair we are going to appear at is the greenback cad the greenback cad gave us two one-of-a-kind buying and selling possibilities this week the first got here in way of a style continuation alternate and the 2nd used to be an advanced sample known as the cypher

pattern and I’ll exhibit you each of these now so I got here into the market this week and the first factor I seen on the greenback cad was once this smash of the preceding shape highs proper right here when I get a spoil above shut above the

previous shape highs my thought without delay goes to style continuation so now that I be aware of that I’m questioning vogue continuation what I’m ready for is some type of pull lower back due to the fact this

market is gonna do one of two matters it is both gonna come up damage via these preceding shape highs proper right here and simply proceed up on a rampage or it is going to come up ruin via the shape highs and pull again into

one of these preceding tiers whether or not it be this resistance stage this resistance stage this resistance degree or all the way down to this preceding aid so it’s what I’m searching for in a fashion continuation change nicely now that we have this wreck above shut above my next

step is to parent out the place I prefer to enter the market and for me I choose at least a one and a 1/2 to one for each vogue continuation alternate that I take due to the fact my triumphing proportion on vogue continuation trades is about 50 to 55

percent so I continually have to have higher than a 1 to 1 so now what you can do is take a container from the physique of these candles on the swing excessive that we broke thru and location that container from those

swing highs down to the most preceding swing lows the help that we rallied out of and now with this field thrown in as you can see if we enter the market pinnacle of this container at the pinnacle location round right here we’re no longer going to have anywhere

near a one to one so it’s k all you do is take the container and decrease it down to a function the place you can get at least a one to one out of it in this case I certainly added the field all the way down to these preceding resistance levels

right right here to provide myself higher than a one to one hazard reward on this alternate so now we have our vicinity that we’re looking

to purchase in this field right here all we want is a motive for entry and for me my cause for entry used to be these lengthy candle wicks that you see proper right here you see these

one two three 4 5 instances we examined this location and we rejected that offers me a clue that proper in right here is an place that the market may also flip round and head lower back up in vogue continuation after

seeing these wicks I simply waited for a retest of this equal help place and I informed myself if we come lower back down into the equal place right here and the market see guide once more then I will buy the market and what did we do rallied up here

pulled lower back down into the identical guide location we observed aid and I truly sold the market proper right here on this doji candle and I had a risk/reward setup that appeared some thing like this

and this greater than meets my risk/reward policies so I knew I was once ok to purchase the market proper right here on this doji candle nicely as soon as I did that after I’d already offered the market I realized that we had

just set up an superior sample known as the cypher sample and the way it looks

is X proper right here X to a a to b retracement B to C extension and C to D completion proper in this region I’ll draw on a Fibonacci to see if I was once shut with that D leg it appears like I used to be a

little bit excessive so C D completion proper right here at the 786 for cypher sample nicely the way i exchange cypher patterns is I simply put a restriction order proper at the D

leg with objectives down at a 382 retracement and a stop-loss above X and I understand from my again trying out and time in the market that if I exchange the cypher

pattern precisely like this with my objectives at 382 and my stops proper above X and if I alternate it on the equal pairs that I examined over time this will produce some thing between a 70 and 80

percent win fee so understanding that the market has a 70 to eighty percentage hazard of turning round at my D leg of my cypher sample proper right here I determined to take earnings from my fashion continuation alternate proper right here at the D leg of the cypher

pattern and end and reverse my orders from being a consumer from down here to a vendor proper right here to going brief at the D leg of this cypher sample and this is

how these trades performed out guys I suppose collectively we bagged about seventy eight pips on this one pair this week and guys if you are a establishing dealer or even an skilled dealer it’s having bother being persistently worthwhile and you are fascinated in mastering how to study the

markets like this and how to no longer be worried when setting trades due to the fact guys I’m gonna be sincere with you I used to be now not worried at all when I positioned both of these trades and it is no longer due to the fact I knew they had been both

gonna be winners it is due to the fact I have lots of hours in the market trying out these techniques and in real-time buying and selling these techniques and I understand that if I constantly location trades like this and observe all of my policies whilst placing

these trades that I will be worthwhile I may additionally now not be worthwhile each day I may additionally no longer be worthwhile each and every week however in the course of the route of a quarter all through the path of a yr over the lengthy run I will be worthwhile if I alternate constantly and stick to my sketch and if

that’s some thing you are fascinated in being capable to do then please simply go in advance and subscribe to this channel due to the fact I’m gonna be doing tutorials on all of my techniques I’ll be doing tutorials on superior patterns tutorials on how to examine a charge chart and

tutorials on all of the shape trades that I use in my techniques my complete intention is to attempt to attain out to any struggling dealer and assist them turn out to be constantly worthwhile and this is no longer the solely way to do it however this is the

way that I discovered works exceptional for me and with any luck it will work for you as nicely however anyway transferring on to the subsequent pair we are going to take a seem to be at the pound dollar

which gave us a very great cipher sample as properly right here and it got here in like X to a A to B B to C and C D completion

somewhere round that place see how correct I am must be at the 786 a little bit excessive C D completion proper there prophets acquired taken off at a

382 tres mint and this specific sample was once a 32 pip winner

coming in like so take my ruler yep 32 pips subsequent up we’re gonna take a appear at one of the patterns that definitely misplaced this week and that got here on the greenback Swiss sorry guys I received restriction orders in all over the vicinity for these other

patterns that are going on however anyway right here was once the bat sample that took away

some of our earnings it comes in like x2 a day to be above the 50% retracement be2c did no longer smash via a and C D

completion at the 886 retracement stops have been about 20 pips above X on this specific exchange and we have been stopped out over right here this appears like it aims however I used to be truely slipped on this change yeah we received tremendously shut and I got

slipped on it so nothing you can do this is gonna show up subsequent up let’s take a appear at the Aussie CAD which also

produced a cipher sample for us this week searching like X to a A to B B to C C D completion someplace in that region this sample produced 21 pips in earnings next

we’ll seem to be at the pound Swiss which had a dropping war as properly zoom in right here make it a little simpler to see this bat

pattern got here in x2 a day to B B to C C D completion round the 886 and as you can see we did not even get shut to goals right here I’ll go beforehand and draw in the 382 retracement and this one simply blew us proper out of the water hitting stops

before it even got here shut to goals at the 382 retracement the ultimate pair we will seem at these days is going to be the greenback yen

the greenback yen had a cipher sample in the past these days it comes in like X to a A to B B to C and a CD completion proper in

there and it got here up to hit aims for about 25 pips as you can see we went previous our 382 retracement and hit goals for 25 pips now I’ll go thru the charts and exhibit you a couple of matters that I’m searching at going into subsequent week

so the first pair that we’re going to appear at going in the subsequent week is the euro greenback as you can see I’m already quick the euro greenback however I assume that this would be a excellent alternate even if the market comes up a little greater as lengthy as we do not ruin above these last

previous shape highs then this is nevertheless a suitable buying and selling probability in my opinion so I desired to provide you guys a appear at it simply in case your buying and selling graph lets in you to take a exchange comparable to this one so the motive I offered the

market right here is due to the fact it gave me a fantastic 1 to 1 danger reward and additionally it lined up best with a 6 1 eight Fibonacci retracement and this is without a doubt a

trading method that I use and that I will be instructing in a later as you can see the euro greenback is been placing in decrease highs breaking shape to the draw back extra decrease highs breaking shape to the draw back and greater lower

highs so this leads me to consider that this market will proceed in the downward path subsequent up we are going to take a seem to be at the pound greenback right here on the

pound greenback we honestly have an superior sample placing up and you may additionally already see this if you are extra superior dealer however simply in case I’ll draw in the Fibonacci’s and deliver in my triangle

tool we have x2a a to be coming above the 50% retracement here

B to C and CD completion at the 886 so I’ll have restriction order sitting right here at the 886 with a earnings goal at the 382 and end losses simply above eggs the Euro

Pound additionally has a shape exchange that I’m searching at going to the subsequent week we have been developing decrease lows and decrease highs on this pair as nicely however we’ve

come down right here to this degree and created form of a triple backside right here and additionally if we seem to be left we are going to see that this is a area the market has determined assist earlier than a few instances here is one time then

it observed resistance right here then it discovered aid once more then it determined resistance once more so we recognize that this is a location the place the market makes choices and thinking about what we see on the chart

here what do you suppose that selection can also be my thinking after placing in all these lengthy candle wicks once more right here at this region and this small rally we have gotten

out of this place earlier than is that we ought to see some thing like this out of this vicinity and that is what I would be ready on I do not prefer to purchase but due to the fact I’m no longer positive if this degree is going to preserve however if we smash above these shape highs and then pull lower back into them into these

structure highs or even a little decrease it truly is when I would be involved in shopping for the market in anticipation for at least a retest of these preceding highs

and that would supply you a wrist reward that would appear some thing like this and this appears quite suitable to me and it may additionally now not do this we’re a lengthy ways

away this market ought to proceed straight down like this however we’re making an attempt to assume in advance of the market and it’s why we’re drawing all this out and finally we are going to seem at the Aussie CAD

here we have an superior sample it’s already in development and this is no longer what I’m searching at going into subsequent week what I’m searching at going into subsequent week it is gonna be a fashion continuation change coming lower back down in to this structure

level proper right here and this is gonna set me up with a sincerely great threat reward if we get lower back down right here it have to appear some thing like this

and I may additionally wait till it comes a little bit decrease simply to provide myself a little higher chance reward on this change and some thing like it is what I’m searching at going into subsequent week we’ve got just

recently broke above these shape highs proper right here and got here up to check this preceding resistance stage which is the place my bat sample entry used to be beforehand which we’re down $50 on proper now however we got here up to this preceding resistance

level we’re searching for a retracement returned down in to this preceding somewhere between these preceding resistance degrees and this preceding aid if we get down there then we’re gonna anticipate the market to at least come up and retest this resistance

level proper right here and that will carry us any other first rate buying and selling possibility subsequent week all proper guys it’s gonna do it for these days thank you for observing I hope you

said earlier than I’ll be doing different tutorials on shape trades and superior patterns later on in the

those come out thanks once more for observing and correct success buying and selling see you you