FOREX For Beginners
FOREX For Beginners
FOREX For Beginners
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
First thing first, What are you?
Spender
Saver
Part-time/Passive Investor
Full-time/Active Investor/Trader
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FOREX for Beginners
Investment Psychology
Investing Get Rich Quick Scheme ႔ You got to be really a financial genius.
Realistic ႔ ႔ Investing ႔
/ ႕ ႔ ႕
႔ Apply ႔
Self-Confidence
Reason ႔
႔ Spending ႔ Saving
႔ ဝ Western Economy ႔ ႔
႔ Personal Debt ႔ Investment Debt Personal
Investment Debt ႔ Credit Card
Investment
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FOREX for Beginners
Isn't Investing same as Gambling
Plain ႔ ႔ ႔ Spouse/Partner
Educate ႔ ႔ ႔ Single
Invest ႔ ဝ ႔ ဝ
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FOREX for Beginners
Deriving Crowd Psychology from Bars
FA Active Investor
Trader ဝ FA ဝ Technical Analysis(TA)
TA Stock ႕ Price ႔ Volume Analysis
TA Price ႔ Volume Chart ႔ Represent ႔ CNBC ႔ Media Line Chart Line Chart
Generally close price Close Price ႔ ႔ Period
Open, High, Low, Close ႔ OHLC ႔ Open ႔ Close ႔
High ႔ Low Period ႔ OHLC Bar Chart
Type OHLC Represent
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
Technical Analysis Indicators Confirm Trend Line Generally Priority ႔ Trend Line
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FOREX for Beginners
Trend obviously Bull/Up Trend ႔ Up Trend Professional
Up Trend Analyse Period Lowest Low Low before the most recent Highest Low
႔
Up Trend Low Down Trend High Down Trend Rule Period Highest High High
before the most recent Lowest High downward slope line ႔ Apply
႔ Up Trend rule ဝ Up Trend ႔ Down Trend
Up Trend Reverse ႕
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FOREX for Beginners
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FOREX for Beginners
၂) Trend Hold ႔ Future Date ႔ Price ႔ Near Future
Price - - - - Pattern ႔
Price Support ႔ Resistance
႔
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FOREX for Beginners
႕ ႕ ႔ ႕ Support
ဝ Bull ဝ ႕ Cycle
႕ Resistance ႔ ႔
႔ ႕ Bearish Cycle Support ႔ Resistance
Drive Crowd Psychology
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FOREX for Beginners
Support ႔ Resistance Resistance High/Close ႔
Period Reliable Support Low/Close Stock Significant Support &
Resistance Event Support & Resistance Breakout
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FOREX for Beginners
3M Method ႔ ႔ Another M M
Mindset Method Basic ႕ 3M ႔
Management
၁) Trade Management
၂) Portfolio Management
၃) Tax Management
၁) Entry Price - ႔ဝ
၂) Profit-taking price -
၃) Stop-loss price -
၄) If Entry price is not achievable with initial bids, how far you would go chasing it? - Entry Price ဝ
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FOREX for Beginners
3M – Management Introduction
Preparation ဝ ႕
Plannig Investor Stock ဝ Trading Plan ႔
STOP!
Topic ႔
- - - ႔ -
- - Finance Section Recommend
ဝ ဝ Buy-and-pray Model ႔ ႕
ဝ ႔ - - - ဝ ဝ
- - -
% ဝ ၅% ၁ % ( ႔) ၁၅%
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FOREX for Beginners
Risk ႔ Trader $100,000 capital ႔ ၂ ၃ ႔
Risk ႔ ဝ Plan
Main Idea behind this concept Trader ႔ Rule No.1 Profit ႔ Capital Preservation
၂% Risk ႔ ၄၉ Trade (၂% x ၅ =၁ %) ၃% ၃၂ St
% Amount Survival ႔ Market Loser
႔ Stock Price Risk
ဝ Capital ၁ ႔ Assume
Stock Price $ 30 30 30 30 30
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FOREX for Beginners
Conclusion ႔ Risk Amount Fixed ႔ ႔ Risk ဝ
႕ Stop-loss ဝ ႕
Candlesticks - Part I
Candlestick ႔ ႕ Candlestick
၁ ၅ Munehisa Homma ႔ Homma ႔ ႕
Financial ႔ ႔ Financial Consultant ႔ ဝ Samurai ႕
Candlestick Technique ႕ ၂ Steve Nison ဝ
႔ ႔ Homma
Refine Technical Analysis Wal-mart Store(WMT) Bar ႔
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
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FOREX for Beginners
Hanging Man Psychology Up Trend ႔ Hanging Man
Formation Bears Attack ႔ ႔ Hanging Man Bull
႔ Hanging Man Following Day
Candle Confirm Hanging Man Following Candle Black real body Hammer White real
body
Candlesticks - Part II
Shooting Star
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FOREX for Beginners
Belt-hold lines
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FOREX for Beginners
Down Trend ႔ Up Trend Belt-hold candle Bullish Belt-hold ႔ Bearish Belt-hold ႔
Belt-hold candle major characteristic
Bullish Belt-hold candle down trend Open Low ႔ Close High Bearish
Belt-hold candle up trend ႔ Open High ႔ Close Low ႔
Bullish Belt-hold White Opening Shaven Bottom ႔ Bearish Belt-hold Black Opening
Shaven Head ႔ Belt-hold candle Real body More reliable Up Trend/Down Trend
Same color, long real body candle Reliable Belt-hold candle ႔ Crowd Psychology
႔ Risk Trader Reversal Sign ႕ ႔ Action
Conservative Investor ႔ next day candle Signal
Candlestick Power ႔ Candlestick chart Bar chart ႔
Steve Nison Candlestick Techniques Reference Refer
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FOREX for Beginners
Powerful Candlestick - ႔
Candle Formation Candle -
႔ Trend Reversal
Confirm ႔ ဝ
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FOREX for Beginners
Piercing Pattern and Dark Cloud Cover Pattern - Good Reversal Signal
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FOREX for Beginners
White Candle Open ႔ Black Candle Close White Candle Close Black Candle Open
Strongest Reversal Signal Engulfing /ဝ Technical Analysis Outside Day ႔
႕ Volume ႔
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FOREX for Beginners
How to Stop
႔ ဝ Base ၅ ၁
Trend Line ႔ Support ႔ Resistance Professional Stop Loss
Technical Analysis(TA) Stop order
၂) Limit price – Market Sell Price ႔ ႔ Generally, it should be less than or equal to the Stop price. Market ႔ ႔
႔ ႔ ႔
၄) Order expiration – Trigger ႔ Market Order ? Generally, Day order or GTC (Good Till Cancel)
Day order ႔ Purge GTC Cancel (
normally )
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FOREX for Beginners
Horizontal Blue line at 8.95 Major Resistance Close Major Resistance ႕ 3/8/2009
Pull back ႕ Ford ႔
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FOREX for Beginners
႔ 8.95 Resistance Preferably, Close Original Primary Trend
Primary Trend Break out ႔ ႔ Minor Up Trend
Resistance ႔ ႔ Volume Improvement
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FOREX for Beginners
Linear Scale
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FOREX for Beginners
Semi-Log Scale
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FOREX for Beginners
Long Term Trend Semi-log ႔ ၅
Price Amount Gap ႕
႔ Semi-log Long Term Trend ဝ ႔
Charting Software Y-axis Scale Feature Yahoo website Chart Settings Scale
Link Chart Scale TA ႔
Moving Average
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FOREX for Beginners
Technical Indicator Bearish Signal ႔
Ready
Short-term ႔ Long-term Group (Traders & Investors) Overall Sentiment ႕ Short-term Long-
term Uptrend Momentum ႔ Downtrend ႔
Concept MA Crossovers Short Long Long
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FOREX for Beginners
Downtrend ဝ ႔ Reverse Short Long
Downward direction ႔ ႔
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FOREX for Beginners
MACD / Mac D
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FOREX for Beginners
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FOREX for Beginners
MACD Histogram (MACD_H) ႔
To buy
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FOREX for Beginners
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FOREX for Beginners
Triangle Breakout
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FOREX for Beginners
Triangle Breakout
Downtrend Uptrend ႔ Price Triangle
Obviously Bullish
Bearish
DJI EMA200
Near term market outlook Technique Market Direction
႔ ႔
Technical Analysis method Indicator Money Flow Index (MFI) ႔ Laszlo Birinyi, Jr.
MFI ႔ Price Volume MFI ႔ Charting Software Web
Site Standard ႔
MFI Formula
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FOREX for Beginners
၄ Positive Money Flow = ၃ No. of Periods Average Price Previous Average Price
Average Price (Cumulative Total, in other word)
၅ Negative Money Flow = ၃ No. of Periods Average Price Previous Average Price
Average Price (Cumulative Total, in other word)
MFI Formula Step 7 MFI Value -၁ Range Bound Design MFI value 20 Oversold (Bullish) ႔
MFI value 80 ႔ MFI 20 Stock
႔ 80 ဝ ႔ Trader Profit-taking ႔ ႔
႔ Oversold/Overbought Stock Fundamental Data Oversold/
Overbought Technical Analysis Technique Trading Decision Common sense
Stock ႔
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FOREX for Beginners
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FOREX for Beginners
Trader ႔ Divergence Indicator Divergence Signal
Stock Trading ဝ Market Washed Out Long-term investing mindset Trading area
႔ Trading ႔ Totally different mindset 3M (mindset, method, management)
Technical Analysis(TA) ႔ Fundamental Analysis(FA) TA ႔ FA ႔
mindset ႔ management ႔ ႔
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FOREX for Beginners
Mythbusting
Analysis Entry ဝ
႔ ဝ ႔
ဝ
Trading ႔ Chance ႔ ႔
႔ ႔ Market Trade Professionals Institutions
" ႔ "
Net balance Positive
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FOREX for Beginners
Technical Analysis ႔ Trend line, Support, Resistance Stop-loss, Profit-taking point Define ႔
႔ Trade
Support ႔
Trade Open
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FOREX for Beginners
Mindset
Stock Trading ဝ
Mindset Trader Realistic decision
႕ ႔ ႔
႔ ႕
(Realised Loss) ႔ Trading Bad
Feeling Perspective ႔
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FOREX for Beginners
Trade Sack Technical Analysis Analysis
႔ Resume ႔ ႔ ႔ ႔
Professional trader ႔ ႔
Closing Price Stock Major Support ႔ Resistance Analysis Technique Point & Figure
(P&F) ႔ Bank of America (BAC) Chart
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FOREX for Beginners
BAC ႔ ၄ Range Box size 40c x 1.5 = 60c BAC P&F chart Cross/Circle
Cross Circle, Circle Cross ႔ Column
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FOREX for Beginners
႕ ႔
Reversal ႔ reversal box amount Rule of Thumb 3 boxes Chart
BAC ၁ / Symbol
Box size = Average daily movement range of a stock price x multiplier (multiplier is personal choice and mine is 1.5) ႔ ၁.၅
Daily Range Price action Capture ႔
Mainly used to identify long term major support and resistance. Resistance Cross (X) Support
Circle(O)
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FOREX for Beginners
P&F Price Major resistance/support Verify ႔
Psychology of Losing
Casualty of War
Helmat
Trading Stop-loss Helmat
Trader Trading Millionaire
႕
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FOREX for Beginners
Learn from Beckham
႕ ဝ ႔ Defense
႕ ဝ ႔ ႔ ႔ ႔
ဝ ႔ .....
On Sale
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FOREX for Beginners
Short with me
trading ဝ
Analyse Method ႔
Method Software ႔ Data (၁) Trader Method ႔
႔ ႔ Topic
႔
Knowledge Apply Professional trader ႔
Fact No. 1
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FOREX for Beginners
Fact No. 2
Dr. Van Tharp R-multiple management system money management R-multiple system
R Risk Trader Trade ဝ Define
Trade ၂% ၅% ၂%-၅% Market Amount
Trade total cost Professional ၂% ႔
၂% Practical ၂%-၅% ႔
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FOREX for Beginners
NET 11000
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FOREX for Beginners
၅ % System Probability ႔ ၅ % Trade ၅ ၅
Key R amount 2R
R total equity/cash
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FOREX for Beginners
NET 9000
"Cut your losses fast and Let your profit run". R-multiple system Trade Probability system
Different money management trader ႔ Concept
Professional Trader ႔ Happy Trading!
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