FOREX ADVANCE

FOREX ADVANCE

, ,

Forex
0

FOREX ADVANCE

FOREWORD










E-Book 2

23

Mr. Tanagool Kasemchoke

FOREX ADVANCE

CONTENT
1

HARMONIC TRADING

CANDLESTICK PATTERN

11

CHART PATTERN

17

FIBONACCI

27

ANATOMY

34

ELLIOTT WAVE

42

WOLFE WAVE

50

DIVERGENCE

55

VOLUME

60

10

RISK MANAGEMENT

63

11

TRENDLINE

66

FOREX ADVANCE

CONTENT
12

SWING TRADING

72

13

SCALPING TRADING

75

14

SNIPER TRADING

79

15

PSYCHOLOGY OF INVESTING

82

FOREX ADVANCE

1
HARMONIC TRADING

FOREX ADVANCE
Harmonic
Harmonic Fibonacci


Position

100% Position

Fibonacci
Position
Fibonacci
Harmonic Timeframe
H4
Position
Timeframe H4

FOREX ADVANCE
Invalid Harmonic Setups



Potential
Reversal Zone

- Blowouts
Potential Reversal Zone

Potential Reversal Zone Position

- Gaps
Potential Reversal Zone
Potential Reversal Zone

- Tail Closes
Potential
Reversal Zone

FOREX ADVANCE
- Extreme Price Ranges
Tower

FOREX ADVANCE
Harmonic Pattern
Harmonic

AB=CD
Harmonic AB=CD
161.8%

Butterfly

127.2%

FOREX ADVANCE
Crab
Potential Reversal Zone
161.8%

Shark

113%

FOREX ADVANCE
Bat
Harmonic
88.6%

Gartley
5 Pivot Point
Fibonacci
78.6%

10

FOREX ADVANCE

2
CANDLESTICK PATTERN

11

FOREX ADVANCE
Japanese Candlesticks


Bullish Candlesticks Bearish Candlesticks

Doji Candlesticks

Bullish Candlesticks Bearish Candlesticks

(Gap)

12

FOREX ADVANCE
Japanese Candlesticks
- Doji Candlesticks, Dragonfly Doji Gravestone Doji

Doji Candlesticks, Dragonfly Doji Gravestone Doji

Doji Doji
Doji
Dragonfly Doji Hammer
Gravestone Doji Shooting Star
- Spinning Top

Spinning Top
Spinning Top Candlestick Pattern

13

FOREX ADVANCE
- Hammer

Hammer
Hammer
Hammer Hammer Bullish
- Inverted Hammer

Inverted Hammer
Inverted Hammer
Hammer Bullish

14

FOREX ADVANCE
- Shooting Star Shooting Star with Spinning Top

Shooting Star Shooting Star with Spinning Top

Shooting Star Shooting Star with Spinning Top
Shooting Star
Shooting Star Bearish Shooting Star with Spinning Top

- Bullish Engulfing Bearish Engulfing

Bullish Engulfing Bearish Engulfing

Bullish Engulfing () Doji
()
2 3
Bearish Engulfing () Doji
()
2 3

15

FOREX ADVANCE
- Tweezer Top Tweezer Bottom

Tweezer Top Tweezer Bottom

Tweezer Top Tweezer Bottom 2 1
2 Doji Tweezer Top Bearish
Tweezer Bottom Bullish 2
- Morning Star Evening Star

Morning Star Evening Star

Morning Star 3
(, Doji )
50%
Morning Star Bullish
Evening Star 3
(, Doji )
50%
Evening Star Bearish
16

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3
CHART PATTERN

17

FOREX ADVANCE
Chart Patterns

Chart Pattern Japanese Candlesticks
Japanese Candlesticks
Chart Pattern 2 Reversal Patterns () Continuation
Patterns ()
Reversal Patterns
- Rising Wedge

Rising Wedge

- Falling Wedge

Falling Wedge

18

FOREX ADVANCE
- Head and Shoulders

Head And Shoulders Neckline

- Double Top

Double Top

Double Top (Breakout)
Double Top

19

FOREX ADVANCE
- Double Bottom

Double Bottom Double Top

Double Bottom (Breakout)
Double Bottom

Continuation Patterns
- Rectangle

Rectangle

20

FOREX ADVANCE
- Ascending Triangle

Ascending Triangle

Ascending Triangle Chart Pattern

(A) (B)
(C) (D)
(Breakout) (E)
Volume A Position
B

21

FOREX ADVANCE
- Descending Triangle

Descending Triangle Ascending Triangle Bearish

Descending Triangle

Descending Triangle

Position

- Symmetrical Triangle

Symmetrical Triangle
75%
Position
22

FOREX ADVANCE
- Bull Flag

Bull Flag Bull Flag

Range Volume 4
(Breakout) Bull Flag
H4 Range
20 Bull Flag

Bull Flag
Bull Flag Flagpole (A)

(B)
(C) (D)

Volume
(Breakout) (E) Target Flagpole
Breakout Target Stop Loss Range 25

23

FOREX ADVANCE
- Bear Flag

Bear Flag
Flagpole
Bear Flag Flagpole (A)

(B)
(C) 2 (D)

Volume
(Breakout) (E) Target Flagpole
Breakout Target Stop Loss Range 25

24

FOREX ADVANCE
- Bullish Pennant

Bullish Pennant
Volume Bullish Pennant
Bull Flag 4
(Breakout) Bullish Pennant
20
Range
Bullish Pennant (A)

(B)
(D)
(C)

Volume
(Breakout) (E) Target Flagpole
Breakout Target Stop Loss Range 25

25

FOREX ADVANCE
- Bearish Pennant

Bearish Pennant
Volume Bearish Pennant
Bear Flag 4
(Breakout) Bearish Pennant
20
Range
Bearish Pennant (A)

(B)
(C) 2 (D)
Volume

(Breakout) (E) Target Flagpole Breakout
Target Stop Loss Range 25
False Breaks

Position Breakout

Fibonacci

26

FOREX ADVANCE

4
FIBONACCI

27

FOREX ADVANCE
Fibonacci (Leonardo Fibonacci) Fibonacci

Fn = Fn-1 + Fn-2
Fibonacci Ratio Series
Series Fibonacci 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89,
144, 233, 377, 610 0 + 1 = 1, 1 + 1 = 2, 1 + 2 = 3,
2 + 3 = 5, 3 + 5 = 8, 5 + 8 = 13, 8 + 13 = 2, 13 + 21 = 34, 21 + 34 = 55, 34 + 55 = 89,
55 + 89 = 144, 89 + 144 = 233 Golden Ratio
Retreat Fibonacci 0.618
34 / 55 = 0.618181818, 89 / 144 = 0.618055555 233 / 377 = 0.6180371353
Golden Ratio Retreat
Fibonacci MetaTrader 4
MetaTrader 4 Fibonacci Fibonacci
Fibonacci
Fibonacci -1, -0.618, -0.382, -0.272, 0, 0.236, 0.382
0.5, 0.618, 0.764 1 Fibonacci
Objects List Ctrl + B Fibonacci
Fibonacci
Fibonacci
Position
Harmonic
0.618, 0.786, 1.27, 1.618
Position

28

FOREX ADVANCE
Fibonacci Basics
Fibonacci Swing High Swing Low
Fibonacci Swing High Swing Low Fibonacci
Fibonacci Retracement Fibonacci
Fibonacci Swing High Swing Low
Uptrend Downtrend

Golden Ratio Retreat

Fibonacci Fibonacci
23.6, 38.2, 50.0, 61.8 100 50%
Fibonacci Retracement 61.8 Golden Ratio Retreat
38.2 61.8
38.2 Position
Bullish
Golden Ratio Retreat
0.618 Golden Ratio Retreat 0.382
0.382 0.382
0.236 1 0.236
0 Position 0.618
29

FOREX ADVANCE
The Divine Proportion Wiggle (DPW)
Fibonacci
The Divine Proportion Wiggle Fibonacci
0 2
0 38.2 0
-23.6 -27.2 Objects List Ctrl + B
Fibonacci
Fibonacci -27.2 Position
-23.6 -38.2 -61.8

Fibonacci Thrust
Fibonacci
Fibonacci Thrust
Fibonacci Thrust 2
1. Clean Thrust

2. Sloppy Thrust

30

FOREX ADVANCE
Position Fibonacci Thrust
Swing Low 50.0 61.8 Bearish
61.8
38.2 Swing High
38.2 23.6 0
Stop Loss Target
Stop Loss Fibonacci Thrust 2 61.8
61.8 Stop Loss 61.8
Stop Loss

Fibonacci Thrust Volume

Volume (Tower)

ADX 20

31

FOREX ADVANCE
Fibonacci Extensions
Fibonacci Extensions Fibonacci
A, B, C, 0.618, 1.00 1.618 Fibonacci
Fibonacci Extensions
Fibonacci Swing High Swing Low
MetaTrader 4
Fibonacci Extensions

32

FOREX ADVANCE
Fibonacci Time Ratios
Fibonacci Time Ratios Fibonacci
-1, 0, 0.500, 1.000, 1.272, 1.618, 2.000, 2.272, 2.618 3.618
1
Fibonacci Time Ratios 15
Swing High Swing Low Fibonacci
Swing High Swing Low Fibonacci Retracement

33

FOREX ADVANCE

5
ANATOMY

34

FOREX ADVANCE
Anatomy of Bullish
Bullish
(Lower High) Bearish
(Panic Sell)
Herd Position

Bullish

Position

(Panic Sell)

Position

Position

Bullish Bearish

Position




Position
Position

35

FOREX ADVANCE
Position




Bullish Position

Supply ()


Supply Supply
Position
Position
Bullish
Bearish

36

FOREX ADVANCE
Up-Thrust

(Volume)
Up-Thrust
( High Low Low)
Bearish

37

FOREX ADVANCE
Reverse Up-Thrust

(A) (Volume)
Bearish (Volume)


Position
(A)
(B)
(A) (C) Range (D)
(Volume)
(E)
(F) ( (B) ) Range (G)
Supply Bullish

38

FOREX ADVANCE
Stops a Down-Move

(Sell)
Stops a Down-Move (Volume)

Market Bottom

(A) (Volume)
(B) (Volume)
Position
(C) (Volume)
Market Bottom Bullish
39

FOREX ADVANCE
Shake-Out

Shake-Out Bearish
(A) Position

Bearish
(B) (Volume)
Supply (C)
Shake-Out (Volume)
(D) (Volume)

40

FOREX ADVANCE
Falling Pressure

Anatomy Falling Pressure

(Volume) Bearish

Bearish Falling Pressure
(Volume) Falling Pressure

41

FOREX ADVANCE

6
ELLIOTT WAVE

42

FOREX ADVANCE
Elliott Wave
Elliott Wave Ralph Nelson Elliott
(DJIA)

Elliott Wave
Elliott Wave

5
Elliott Wave 5
1, 3 5 2 4
Elliott Wave
Motive Wave

43

FOREX ADVANCE
Elliott Wave
Elliott Wave 2 Motive Wave Corrective Wave
5 Motive Wave 3 Corrective Wave
Motive Wave Corrective Wave

Elliott Wave
5 3

Wave Degree
Elliott Wave Degree
9 Degree

- Grand Supercycle
- Supercycle
- Cycle
- Primary
- Intermediate
- Minor Minute
- Subminuette

44

FOREX ADVANCE
Motive Waves
Motive Waves 5
Degree
2 100% 1 4
100% 3 3
Motive Waves 2 Impulse Diagonal Triangles
Impulse
Motive Waves Impulse Impulse 1 4
1 1, 3 5
3 Impulse
(Extension) Impulse 3
- First Wave Extension
- Third Wave Extension
- Fifth Wave Extension

Bullish First Wave Extension Bearish First Wave Extension

Bullish Third Wave Extension Bearish Third Wave Extension

45

FOREX ADVANCE

Bullish Fifth Wave Extension Bearish Fifth Wave Extension

Impulse 5
3 3 Truncation
Impulse Motive Waves

Truncation
Diagonal Triangles
Motive Waves Diagonal Triangles Impulse
Impulse Diagonal Triangles 3
5 Motive Waves

Diagonal Triangles
46

FOREX ADVANCE
Corrective Waves
Corrective Waves Motive Waves
Motive Waves Corrective Waves
4 Zigzags, Flats, Horizontal Triangles Combinations
Zigzags
Zigzags A, B C
B A Bullish Zigzags
3

Flats
Flats

47

FOREX ADVANCE
Horizontal Triangles
Horizontal Triangles Corrective Waves

4
- Ascending
- Descending
- Contracting
- Expanding

Bullish Ascending Bearish Ascending

Bullish Descending Bearish Descending

Bullish Contracting Bearish Contracting

Bullish Expanding Bearish Expanding

48

FOREX ADVANCE
Combinations
Combinations Corrective Waves Combinations
Combinations
Combinations

49

FOREX ADVANCE

7
WOLFE WAVE

50

FOREX ADVANCE
Wolfe Wave
Wolfe Wave Bill Wolfe S&P 500
Bryan Wolfe Wolfe Wave
1
(Trendline)
Wolfe Wave 1, 2, 3 4
Wolfe Wave 5
Wolfe Wave Sell 3 1 Buy
3 1

51

FOREX ADVANCE
Wolfe Wave
Wolfe Wave 1
Wolfe Wave Wolfe Wave
2

Wolfe Wave
Wolfe Wave Swing

52

FOREX ADVANCE
1
3 1 4

53

FOREX ADVANCE
Stop Loss (S/L) 4 20 Target (T/P)

54

FOREX ADVANCE

8
DIVERGENCE

55

FOREX ADVANCE
Divergence
Divergence
Oscillator Divergence
Oscillator Oscillator
RSI, Stochastic, MACD, CCI Divergence
(Higher High HH) (Lower Low LL)
Divergence Divergence 2
Regular Divergence Hidden Divergence RSI 14 Divergence
Regular Divergence
Regular Divergence 2
Bullish Regular Divergence Bearish Regular Divergence Bullish Regular Divergence
(Lower Low LL)
(Higher Low HL) Bullish

56

FOREX ADVANCE
Bearish Regular Divergence (Higher High HH)
(Lower High LH) Bearish

57

FOREX ADVANCE
Hidden Divergence
Hidden Divergence
2 Bullish Hidden Divergence Bearish Hidden Divergence Bullish Hidden
Divergence (Higher Low HL)
(Lower Low LL) Bullish

58

FOREX ADVANCE
Bearish Hidden Divergence (Lower High LH)
(Higher High HH) Bearish

Divergence
Divergence
Divergence

Divergence
Regular Divergence
Regular Divergence
Hidden Divergence
Hidden Divergence

Higher High
Lower Low
Higher Low
Lower High

Lower High
Higher Low
Lower Low
Higher High

SELL
BUY
BUY
SELL

59

FOREX ADVANCE

9
VOLUME

60

FOREX ADVANCE
Volume

Volume (Panic Sell)
Bullish Bearish Volume
Volume

Volume



Volume

Volume

61

FOREX ADVANCE

Sideway

Volume Divergence
Divergence

Divergence

62

FOREX ADVANCE

10
RISK MANAGEMENT

63

FOREX ADVANCE

Micro
Macro

Dealers
Brokers
Other Financial Services
Non-Financial Corporations
Governments and Central Banks
Supranationals

Price Risk
Interest Rate Movements, Economic Activity Inflation Rates
Credit Risk
Counterparty Default Payments System
Political Risk Capital Controls, Expropriation, Trade Barriers Tax
Operational Risk IT systems
64

FOREX ADVANCE

2



3

65

FOREX ADVANCE

11
TRENDLINE

66

FOREX ADVANCE
Trendline
Trendline
Trendline

Trendline
Trendline
Trendline 2 3
Trendline
Trendline

Trendline
Trendline Trendline
Trendline
Trendline 2
1. Single-sided Trendline
2. Double-sided Trendline
Single-sided Trendline
Trendline Trendline

Trendline
Trendline
Double-sided Trendline
Trendline
Trendline Double-sided Trendline Single-sided Trendline
Trendline

67

FOREX ADVANCE

68

FOREX ADVANCE
Trendline
Trendline 2
1. Major Trendline
2. Minor Trendline
Major Trendline
Trendline Major Trendline
Trendline
Major Trendline
Minor Trendline
Minor Trendline
Trendline Minor Trendline
Minor
Trendline
Major Trendline

69

FOREX ADVANCE
Trendline
Trendline Trendline

Trendline Trendline Zones
Major Trendline Minor Trendline
3 2 Trendline Trendline
2 Trendline Zones
Trendline Zones Zone 1 Zone 2
Zone 2
Zone 1 Zone 3 Zone 3
Zone 2

Entry Point Exit Point Trendline

Entry Point Major Trendline Minor Trendline
Trendline Zone 1 Zone 2 Exit Point Trendline
Zone 2 Zone 3 Stop Loss (S/L)
Swing Zone 1 10 Pips
70

FOREX ADVANCE

Trendline Zone 2 Zone 3 Entry Point

Target Position Swing Zone 1
71

FOREX ADVANCE

12
SWING TRADING

72

FOREX ADVANCE
Swing Trading
Swing Trading
Position

Zigzags


Swing Trading
1
2

3
4 Stop Loss (S/L) Target (T/P)
Recognize Swing Trading Patterns
Recognize Swing Trading Patterns 2
Moving Average Average Directional Index (ADX)
- Moving Average 10, 20 50 10, 2 50
- Average Directional Index (ADX) 14
Average Directional Index (ADX) 14 30
+DI DI
Moving Average
Moving Average 3 Position Swing Trading
Position
Position Recognize Swing Trading Patterns
-
-
73

FOREX ADVANCE
Swing Trading Gap
Gap
4
1. Common Gap
Sideway
2. Breakaway Gap Breakout

Gap
Gap
3. Runaway Gap
Gap
4. Exhaustion Gap
Position

Swing Trading
Position
Swing Trading

74

FOREX ADVANCE

13
SCALPING TRADING

75

FOREX ADVANCE
Scalping Trading
Scalping
Scalping Scalpers

Scalping Trading
Scalpers 1
Scalpers 5 1
Scalpers Moving Averages
Relative Strange Index (RSI)
Scalpers Divergence
Moving Averages 10 Relative Strange Index (RSI) 14
Scalping Trading Relative Strange Index (RSI) 14 35-65
Scalpers

76

FOREX ADVANCE

M30 D1 H1 Scalpers
Scalpers Moving Averages 10
Relative Strange Index (RSI) 14 A, B, C D
77

FOREX ADVANCE
Position Scalping Trading
Scalping 1%
Scalping Position
Scalpers Position 1.00 0.10 10 Position
Scalpers Buy Relative Strange Index (RSI) 14 35
Sell Relative Strange Index (RSI) 14 65 Scalpers Oversold
Overbought 3 Relative Strange Index (RSI) 14

Relative Strange Index (RSI) 14 Scalpers Position

Position 1 Position
Scalpers Position 1 Position
Oversold Overbought Scalping 1%
Scalpers Scalping 40
Scalping Trading
Position Scalping Trading
Scalpers Position RSI 50 Position
Stop Loss (S/L) Target (T/P)
Scalpers Stop Loss (S/L) Position
Scalpers Divergence
Position 150 Scalpers Position

78

FOREX ADVANCE

14
SNIPER TRADING

79

FOREX ADVANCE
Sniper Trading
Sniper Trading

Sniper Trading
Sniper Gun

Sniper Trading
Sniper Trading
Sniper Trading
Hedge Fund
Sniper Trading
Sniper Trading
Sniper Trading
3 Sniper Trading
1.
2.

3.

Time Frame Sniper Trading

Sniper Trading 1

Price Action
Sniper Trading
Position

80

FOREX ADVANCE
Sniper Trading
Sniper Trading


Position
Sniper Trading

81

FOREX ADVANCE

15
PSYCHOLOGY OF INVESTING

82

FOREX ADVANCE

Position

83

FOREX ADVANCE
Position


Position

Stop Loss (S/L)

Position

84

FOREX ADVANCE

85