Preface: (3rd Edition - 09.04.2018)
Preface: (3rd Edition - 09.04.2018)
PREFACE
This ebook was created as additional educational material to the provided videos on BO Turbo Trader Youtube Channel.
This ebook is only to use in combination of those above mentioned videos to understand every concept provided on every
page of this ebook. At top of every page you find a link to the specific youtube video of the topic of the page.
If you need to get in touch with me you can find contact details at the last page of this ebook.
Further i want to thank all those who motivated me doing first of all the videos and further this ebook, my family, my dog,
my subscriber, my fanboys, my hater and all those from iq option chat, they know about who i’m talking.
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.
Consistent Profit
Practice
Money Consistent
Profits
Real
QUIT
© 2018 BO Turbo Trader, All Rights Reserved
Mindset: How to trade binary options for consistent profit & returns (Win Rate) the right way - BO Turbo Trader
watch the corresponding video here
LOW WIN RATE MEDIUM WIN RATE HIGH WIN RATE
Practice
Time +
Knowledge +
Discipline Real
Pro Trader
Newbie Trader Average Trader
+medium discipline because he already lost money +high discipline because lost lot of money
+low discipline because nothing loose and demo
+don't enters anymore so often early but he enters +enters at the right time because of skil
+enter to early into trades, because of reckless
sometimes more often lately +cares about market condition 50% of the win
+wanna be rich or millionaer
+care more or less about market condition +cares about news releases
+doesn't care market condition
+ care more or less about news releases +cares about payout percentage
+doesn't care about news releases
+ care more less about payout percentage +cares about bet size
+doesn't care payout percentage
+care about the bet size +strict money management
+doesn't care bet size
+has some kind of money management +cares about quantity as less as possible
+no money management
+care about quantity of trades +cares a lot of the quality trades
+doesn't care quantity of trades
+care more or less about quality of trades +avoid a lot of trades which are not good
+doesn't care quality of trades
+affected by emotions which leads sometimes to irrational +is not affected by emotions - cause he knows win ratio
+not affected by emotions
behavior +takes responsibility
+they have no fear of a trade
+has some fear of trade +has no fear
+spider trading - multiple bets
+don’t does multiple bets
Practice +do not more so often multiple bets
+ bet and then calm down do another
+ does avoid trading emotionally
Discipline
Consistent
Profits
Real QUIT
© 2018 BO Turbo Trader, All Rights Reserved
Mindset: How to trade binary options for consistent profit & returns (Money Management) - BO Turbo Trader
watch the corresponding video here
Pro Trader
Newbie Trader Average Trader
+amount of trades - don't know when to stop +knows when to stop exactly
+No or loose MM because of bad win rate
+bet size - don't know how much to bet +knows exactly the bet size
+win rate = discipline + skill
+balance - don’t care to blow his account when +to get as fast as necessary to his goal
+mm = win rate +discipline
under affect emotions + don't be affected by emotions
+ not the best win rate + great discipline
+ not the skills + great skill
+not the discipline + great win rate
Practice / Real
Time + Discipline Consistent profit
MM
QUIT
© 2018 BO Turbo Trader, All Rights Reserved
Mindset: How to trade binary options for consistent profit & returns (Money Management) - BO Turbo Trader
watch the corresponding video here
EMOTION
QUIT
© 2018 BO Turbo Trader, All Rights Reserved
Mindset: How to trade binary options for consistent profit & returns (Emotions) the right way - BO Turbo Trader
watch the corresponding video here
W = Win Rate
S = Skill
D = Discipline
E = Emotions
W =S+D
MM = W+ D
Consistent profit = w * mm
= (S+D)*(W+D)
= D² + [...........]
___________
E
CANDLESTICK PATTERNS
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.
Rejection
Rejection
Hammer / Hanging man Inverted
Hammer
Rejection
spinning top - long-legged doji and the high wave
high wave
spinning top long-legged doji
doji
EMA, Fibonacci Level,
Bollinger Band and SnR
bullish pinbar
bearish pinbar
Rejection
Tweezer top
EMA, Fibonacci Level,
Bollinger Band and SnR
Tweezer bottom
breakout
EMA, Fibonacci complex pullback
Level, Bollinger Band
and SnR, Trendlines Neckline
Neckline
EMA, Fibonacci Level, complex pullback
Bollinger Band and SnR, Trendlines simple pullback
EMA,
Fibonacci Level,
Bollinger Band and SnR,
Trendlines Neckline
7 candles or more
Gap UP 50%
50%
Gap DOWN
EMA, Fibonacci Level,
Bollinger Band and SnR, Trendlines
50%
Breakaway Gaps
Common Gaps
Rejection
Opening Price Closing Price
Low Low
Evening Doji Star Evening Star Morning Doji Star Morning Star
Rejection
CHART PATTERNS
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.
Higher High
ascending channel trendline (higher highs) Higher High
RESISTANCE Higher High
UPTREND
Swing High
High
Higher Low
Swing High
ascending channel trendline (higher lows)
Swing High SUPPORT Higher Low
Higher Low
Swing Lows
>60° strong trend Low
>45° healthy trend 10 min 1 min
DOWNTREND Swing Lows <30° weak trend High
<15° ranging market
descending channel trendline (lower highs) Lower High
RESISTANCE
Lower High
Swing High
Swing High
Lower High
Low
Base
Apex
Apex
Base
Ascending Triangle
SnR, Trendline, Fibonacci Level, EMA etc.
Apex
Base
Descending Triangle
Apex
flagpole
base
flagpole
descending trendline (lower highs)
descending trendline (lower highs)
base
ascending trendline (higher lows)
base
flagpole
ascending trendline (higher lows)
base
base
base
base base
profit target = height of the base
base
ascending trendline (higher lows)
confirmation line
base
ascending trendline (higher highs)
partial rise
partial decline
base
confirmation line
descending trendline (lower lows)
descending trendline (lower lows)
breakout
base pullback
base
base
trendline (s&r, fibo, ema)
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.
= =
=
© 2018 BO Turbo Trader, All Rights Reserved
Price Action: How to distinguish rejection from a market move the right way - IQ Option - BO Turbo Trader
watch the corresponding video here
1. Major Trend and Minor Trend in your favor Rejection
healthy market
(uptrend) EMA, SnR, Fibonacci Levels, Bollinger Bands, Trendlines
consolidation area
strong uptrend
strong downtrend
Minor Trend 200 EMA (purple) below the 100 EMA (red)
100 EMA (red) below the 50 EMA (orange)
50 EMA (orange) below the 20 EMA(yellow)
20 EMA (yellow) below the PRICE
Downtrend
Rejection
Three White Soldiers
Three Black Crows
1.Identify the trade opportunity Weigh risk to reward 1.Identify the trade opportunity Choose best payout asset >80%
2. Create a trading plan Follow trading system rules 2. Follow trading system rules
3. Enter the trade 3. Enter the trade
4. Manage the trade Use Market Biofeedback to 4. Manage the trade - > Sell option
5. Exit the trade adapt 5. - Expiry time
6. Learn from the trade Make money from the trade 6. Learn from the trade Identify weakness in stages 1-5
Identify weakness in stages 1-5
20% - Strong Support & Resistance Level ( Major Key Level) - REDIRECTIONS
20% - Rejection
80%
EMA, Fibonacci,
Trendline, S&R -> Resistance
Double Bottom
EMA, Fibonacci, BB
railway tracks Trendline, S&R -> Resistance
spinning top evening star
inside bar outside bar doji hammer
distance
EMA, Fibonacci, BB
Trendline, S&R -> Resistance
weak candles
weak candles
distance
inside bar outside bar doji spinning top EMA, Fibonacci, BB,
railway tracks hammer morning star Trendline, S&R -> Support
Reversal
1 Minute 5 Minute
Reversal
Retracement
Retracement
Retracement
Retracement
Retracement
EMA, Fibonacci, BB
Trendline, S&R
-> Resistance
EMA, Fibonacci, BB
Trendline, S&R
-> Support
EMA, Fibonacci, BB
Trendline, S&R
-> Support EMA, Fibonacci, BB
Trendline, S&R
-> Support
© 2018 BO Turbo Trader, All Rights Reserved
Price Action: How to trade BO trading setups without rejection as confirmation Part 4 - BO Turbo Trader
EMA, Fibonacci, BB watch the corresponding video here
Trendline, S&R
-> Resistance
EMA, Fibonacci, BB
Trendline, S&R
-> Support
© 2018 BO Turbo Trader, All Rights Reserved
Price Action: How to trade BO trading setups without rejection as confirmation Part 5 - BO Turbo Trader
watch the corresponding video here
EMA, Fibonacci, BB
EMA, Fibonacci, BB Trendline, S&R
Trendline, S&R -> Resistance
-> Resistance
EMA, Fibonacci, BB
Trendline, S&R
-> Support
EMA, Fibonacci, BB
Trendline, S&R
-> Support
© 2018 BO Turbo Trader, All Rights Reserved
Price Action: How to trade multiple time frame trading concept, system, methodology, strategy - BO Turbo Trader
watch the corresponding video here
:14 :29 :44 :59 :04 :09 :14 :19 … :49 :54 :59
Start of Wave 1
10 min 1 min
Impulse Cycle - Motives Waves High
Corrective Cycle - Corrective Waves
Start of Wave 1
Lower High
P2 Lower High
W1
News
❌ avoid trending EMA’s with greater flat EMA’s
avoid consolidation areas
avoid narrow bollinger bands
avoid narrow EMA’s
avoid ultra tiny candles on 5 sec chart
https://www.investing.com/economic-calendar/
✅
seek direction using trendlines
check for MEDIUM and HIGH Impact NEWS seek direction using chart patterns
- avoid those for at least 1 hour seek direction using ema alignment
great distance between EMA’s
check for SPEECH or SPEAK great distance between Bollinger Bands
- avoid those for at least 1 hour - 2 hours
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.
NO Price Action
on the left Rejection distance
entry candle
20 EMA
NO Price Action above the half of the previous candle
100 EMA on the left
NO Price Action
on the left above the half of the previous candle
50 EMA 50 EMA
distance distance
100 EMA
Minor Trend 20 EMA
distance
entry candle
200 EMA
Price
200 EMA 20 EMA
TRENDING EMA’s 200 100 50 20
100 EMA 50 EMA
major trend = strong trending
50 EMA 100 EMA
20 EMA minor trend = trending opposite 200 EMA
Price
20 EMA
100 EMA NO Price Action
NO Price Action above the EMA you gonna trade
above the EMA you gonna trade on the left
on the left
50 EMA 50 EMA
distance
distance
100 EMA
Minor Trend 20 EMA
distance
entry candle
200 EMA
healthy trend - not strong trend
distance
50 EMA Price Action on
the left Rejection distance
healthy trend - strong trend
above the s&r
Minor Trend distance
Rejection
100 EMA
Minor Trend
100 EMA distance
below the s&r healthy trend - strong trend
Price Action on 50 EMA
distance
the left
distance
200 EMA
entry candle
There is a reason why i choose to make this ebook and the youtube videos, i have seen so many trader struggling
and doing wrong trades only because of not understand the basics about price action.
If you like this ebook and you decide to write me something, do not forget to like my videos on youtube, comment
below those and if you want to contact me - you will find contact details below. Thanks, stay safe and keep itm.
CONTACTS
[email protected] Facebook boturbotrader (blogspot) boturbotrader(youtube)
DISCLAIMER
This ebook is not an investment advice.
Your invested capital may be at risk and don’t trade with money you can’t afford to lose.