Louis Jnr Book

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Seven losing trades will cost you 1400 dollars, and 3 wining trades will make you 1800 dollars. As you see you lost seven trades, but you are still making money. This is the magic of money management. The entry and exit strategy Don’t try to be smarter than the rest of traders, keep it simple, you know what you are looking for, when you identify an engulfing bar pattern, and you think all conditions are in place to execute your trade. Take an order immediately after the price action signal forms, put your stop loss below the candlestick pattern, and look at simply the chart to find the next support or resistance level, this is going to be your profit target. See the illustration below: PAGE 176 OF 226
When you set your protective stop and your target, don’t never look back, let the market tell you if you are wrong or right. This will help you trade successfully out of your emotions. If the market goes against you, you will not feel good, it’s normal, losing money can be emotionally painful, it is our human nature, nobody wants to lose, especially when it is about money, in the trading environment, you have to think differently, and accept the fact that losing is a part of the game. Studies have shown that successful traders don’t risk more than 2% of their equity on each single trade. If you are beginner, don’t risk more than 1%. Don’t risk money you can’t afford on a single trade even if PAGE 177 OF 226
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DTFX MARKETING PRODUCTIONS, SOUTH A
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First Published: January 2019 For m
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PREFACE FOREX MILLIONAIRE IN 365 DA
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hearts desires and perpetual needs
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own resurrection. As best as I can,
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DIFFERENT WAYS TO TRADE FX Over the
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We use fundamental analysis in the
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3. PRACTICE The best way to get a f
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your leverage ratio in accordance w
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8. KEEP IT SLOW AND STEADY One key
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TECHNICAL ANALYSIS WHY CANDLESTICKS
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Using candlestick patterns will hel
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Long bodies refer to strong buying
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CANDLESTICK PATTERNS Candlestick pa
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find in the market, in this chapter
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When this pattern occurs at the end
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The bullish engulfing bar pattern T
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The example above shows us clearly
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Remember always that a Doji indicat
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In the chart above, the market was
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The image above illustrates a perfe
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As a trader, you will need addition
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The chart above helps us identify t
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But here, the Doji candle indicated
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Right now, everything is going all
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characterized by a long lower shado
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created, you will be able to predic
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When this candlestick forms near a
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In the next chapters, i will talk a
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As you see the smaller body is tota
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ottom of a downtrend, sellers were
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The tweezers top formation consists
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The chart above shows us a tweezers
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Let’s try to answer the questions
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4: Bullish engulfing bar Please, i
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What the crowds are doing? Who is i
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The example above shows a bearish m
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But the question is what is the rig
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The illustration above shows a down
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Support and resistance are proven a
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By drawing a support level in an up
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Don’t use smaller time frame to d
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The Ranging Market Ranging markets
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But ranging markets tend to move ho
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As you can see, the market is movin
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The pullback is another chance to j
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find a lot of noise, you can’t ev
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Time frames and top down analysis A
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try to find a way to follow them on
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The second information is the rejec
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Look at what happened next: As you
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from this level which indicates tha
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The example above shows that counte
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The second aspect is the level: you
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The area between the open and close
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How to identify pin bar candlestick
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trying to put the probabilities of
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-The anatomy of a pin bar is import
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If you understand the psychology be
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The formation of the pin bar indica
Page 125 and 126: The 4-hour chart above illustrates
Page 127 and 128: The chart above shows how an aggres
Page 129 and 130: entry method helps us decrease our
Page 131 and 132: The trend: it is one of the most im
Page 133 and 134: 1- The Trend: the market is trading
Page 135 and 136: trading setups to come to you, inst
Page 137 and 138: The second reason is the formation
Page 139 and 140: The same thing happens with the sec
Page 141 and 142: closes, or you wait for the market
Page 143 and 144: This is how professional traders tr
Page 145 and 146: What you have to do in this case is
Page 147 and 148: This reversal candlestick pattern c
Page 149 and 150: According to Steve Nison, the fathe
Page 151 and 152: The illustration above shows a clea
Page 153 and 154: Conversely, if prices test a resist
Page 155 and 156: Your ability to identify an engulfi
Page 157 and 158: Because you will get lot of false s
Page 159 and 160: How to trade the engulfing bar with
Page 161 and 162: In the example above, the engulfing
Page 163 and 164: By connecting the extreme highs, we
Page 165 and 166: One of the most difficult markets t
Page 167 and 168: ecause not all sideways markets are
Page 169 and 170: False breakouts are one of the most
Page 171 and 172: Pay more attention to the way the p
Page 173 and 174: If you can combine trading supply a
Page 175: As you can see all the conditions w
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Page 181 and 182: which is the opposite of the engulf
Page 183 and 184: The inside bar can be traded succes
Page 185 and 186: mother candle. Your profit target i
Page 187 and 188: chart, you will notice that the sup
Page 189 and 190: you will know that the safest entry
Page 191 and 192: i recommend you to stick with tradi
Page 193 and 194: Banks and financial institutions kn
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Page 197 and 198: This setup can be considered as a c
Page 199 and 200: As illustrated above, big players h
Page 201 and 202: how to use it in a simple and effic
Page 203 and 204: Fibonacci tool can be used to trade
Page 205 and 206: But if the market is ranging, you h
Page 207 and 208: interesting about it, is that the r
Page 209 and 210: The second signal was an engulfing
Page 211 and 212: As you can see in the chart above,
Page 213 and 214: trading 3 mini lots of CAD/USA, thi
Page 215 and 216: The importance of a Stop loss All g
Page 217 and 218: Because trading is all about emotio
Page 219 and 220: You have everything you need here,
Page 221 and 222: involved. I would make several chan
Page 223 and 224: ABOUT THE AUTHOR Have you ever wond
Page 225 and 226: youth from the previously disadvant
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Louis Jnr Book

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