FREE Mentorship programme Certification! starts 22nd march 2016
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Transcript of FREE Mentorship programme Certification! starts 22nd march 2016
Currency Markets
(FX) BASICS
ABOUT MYSELF:
• Business Development Manager (Asian Regions)
• Trader & Trainer for more than 8 years
• Trading Methodology:
- Geometric Trading & Price Patterns- P.R.I.C.E Trade Plan - Geometric Analysis- Strategic Trader Mindset- Set & Go – Be at peace & enjoy trading /Life
What Is Forex ? • History• Difference between Currency & Money
• Terminologies – the FX Glossary- Brokers - Trading Platform – Orbex MT4- Lot Size / Volume - Spreads- Order Types - New Orders – Pending Order , TP’s , SL- Technical Indicators
• Market Analysis - Technical Analysis
- Fundamental Analysis- Sentiments Analysis
• Today’s Market – What’s really going on ?
TREND
Visual Technique :
Clock Angle
Trend Indicator we use :
Exponential Moving Average (EMA)
• 50 EMA
• 100 EMA
• 200 EMA
MENTORSHIP PROGRAMMEWEBINAR SERIES
March – April 2016
By : Kenny Simon
Your 360° Approach to Analyzing the Financial Markets VIA THE P.R.I.C.E TRADE PLAN
PART 1 – 22nd March 2016By : Kenny Simon
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
ABOUT THE
Scientific FX - 4 Parts‘ Mentorship Series’
Orbex’s Certification Structure?Using The ‘P.R.I.C.E’ Model’ as your Trade Plan
PART 1- P – Potential Trades & Psychology
PART 2- R - Risk : Reward ( Mathematics )
PART 3- I - Insights & Intermarket Analysis
PART 4- C - Convergence (Technical + Fundamentals + MMM)
E - Execution ( Trading decision)• QUIZ
• E-Certificate via email
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
STEP 1 : P• Potential Opportunities (MARKET)
- Currency Heat Maps- TREND* Tools - Various Time
Frames- Geopolitics
- Economic/Political Events- Price Patterns (Geometric)
• Psychology of Markets (Sentiments)- Risks On / Risks Off ?- Greed , Fear or Uncertainty
Bank Daily Commentaries/Reports
Autochartist by Trading Central @ Orbex
PRICE PATTERNS ?
Trade Opportunities this week….( EXAMPLE: As of week from 21/03 – 25/03)
• Brussels Terrorist Attack – 22nd March 2016
• Emerging-market stocks fell -20 emerging-market currencies slipped 0.1 percent
• EUR & Sterling in focus
• Easter beginning – Slow markets end of March onwards
• EUR/USD: Bullish: Above 1.1375 would open up the way for 1.1495
• GBP/USD: Bullish: Diminished odds for a move to 1.4570.
• AUD/USD: Bullish: Target 0.7740
• USD/JPY: Bearish: Bearish aiming at 110.00
• Gold price weakened amid broad USD recovery and low liquidity
• Oil price picked up on renewed optimism that the supply glut may ease
• Copper price formed an inside-day as Chinese stocks snapped gains
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
STEP 2 : R• RISKS : REWARD ( Mathematics)
- Capitalization & Lot Sizing- Support / Resistance Levels- Psychological Numbers- Trend Check Vs. Pattern Check- Stop Loss (Risk Reward Ratio)- Probability of Pattern
- Take Profit ( Risk reward Ratio)
LOT SIZING
1) How much you willing to Risk ( $) ?
2) How much you willing to Risk (Pips) ?
Formula : Risks in $ / Risks in Pips = How much per pip you should be risking
Support & Resistance Zones
1) Identify ‘Price concentration’ areas
2) Plot a line Based on ‘Body’ of candle
3) Plot 2nd line Based on ‘ Tail/ Wick’ of candle
4) Check ‘zone’ plotted for ‘Price Action’
Psychological Numbers
• 00
• 50
• 20
• 80
Major Psyche Numbers
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
STEP 3 : I• Insiders Info ( Geopolitics)
- Current Global Risks / Events- Impact to which Assets- News Mismatches- Threats Opportunities
Probable EWS of a Financial Collapse :
1- INFLATION
2- DEFLATION
3- MARKET COLLAPSE
4- FINANCIAL WARFARE
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
STEP 4 : C• Convergence & Confirmation
• Revisiting P.R.I & summing it up
Orbex’s Certification Structure?Using The ‘P.R.I.C.E’ Model’ as your Trade Plan
PART 1- P – Potential Trades & Psychology
PART 2- R - Risk : Reward ( Mathematics )
PART 3- I - Insights & Intermarket Analysis
PART 4- C - Convergence (Technical + Fundamentals + MM)
E - Execution ( Trading decision)• QUIZ
• E-Certificate via email
ABOUT THIS TRAINING SESSION:• Topic brief
• Why this topic?
• Who for ?
• What are the benefits to you ?
STEP 5 : E• Execution of Trade
- Summarise PRICE Model - Final Trade decision- Trade Log
GEOMETRIC PATTERNS
BASICS
Understand the Differences
• Price / Chart Patterns
• Harmonic Patterns
• Geometric Patterns
CHARTPATTERNS
HARMONICPATTERNS
GEOMETRIC PATTERNS
FIBONACCI BASICS
Who is Fibonacci ?
Leonardo Bonacci (c. 1170 – c. 1250)—known as Fibonacci (Italian), and Leonardo of Pisa, Leonardo Pisano Bigollo, Leonardo Fibonacci—was an Italian Mathematician, considered to be "the most talented Western mathematician of the Middle Ages.
Major achievements: • Arabic numerals as a substitute for Roman numerals• Fibonacci summation series : 1,1,2,3,5,8,13,21,34,55,89,144…..• Incorporation of the PHI – 0.618
Fibonacci Tool in Trading FX
• Identifying Corrective & Impulsive waves onto the charts
• Fibonacci numbers used thru Technical Indicators
• Confirmation of Support & Resistance levels
• Marking of Prize Reversal Zones (PRZ)
• Confirmation of Harmonic / Geometric patterns
• To Better decide on entries & exits points by marking ‘Risks’ areas.
Are we looking too hard ???
Note: If we look hard enough, will we find the pattern we are looking for all around us?
Study : EUR /USD
TF : 4HrPattern: ABCD / Lightning BoltDate : 24-08-
2015
Spotting & Drawing it:
‘ABCD Pattern’
STEP 1:
All Visual – ‘Low –High- Low’
Analysis as of 24th August 2015
------ ZOOM OUT ------
VISUAL
Current Price : 1.1426
STEP 2:
Rough Sketch of the ABCD Pattern
Analysis as of 24th August 2015MIND’s EYE --- Projection
STEP 3:
Drawing the 1st Leg (AB)
Analysis as of 24th August 2015
STEP 4:
Drawing the 2nd Leg (BC)
Analysis as of 24th August 2015
STEP 5:
Drawing/Projecting the 3rd Leg (CD)
Analysis as of 24th August 2015
STEP 6:
Probable D Projection
STEP 7:
Converting ‘ABCD’ Pattern toGeometric Patterns
onto the charts
FORECASTING ‘POINT D’ USING FIBONACCI RATIOS
Completed Geometric Patterns(latest Live Examples)
GOLD
AUD/CHF
USD/JPY
Case Study(Live Charts)
FIBONACCI RATIOS(Geometric Trading PART 2)
Where did the ‘C Point’ Land? (Which Fibonacci Ratio?)
D Projection:
D = Fib% of BC
SCIENTIFIC FX –Masters Of FibonacciSERIESPART 3 – 1st March 2016
By : Kenny Simon
NOW, IT’S TIME FOR SOMELIVE TRADE ANALYSIS
Where to start from ?
Example as of 1st March 2016
Example as of 1st March 2016Yahoo News – Finance – Market Data - Currencies
ECONOMIC CALENDAR
USD/CADBefore &
After
Before BEFORE
EUR/JPYBefore &
After
Analysis as of 31st August 2015
Price was at the 135,50 region
Price was at the 135,50 region
Price was at the 135,50 region
ORBEX EDUCATIONAL COURSES:
• Foundations course
• Strategy Course (Geometric) • Mentorship Program (Coaching)
• Partner’s Training (For IB’s or IB network)
TERIMA KASIH