ULTIMATE

FOREX GUIDE
 Contents
- Introduction to Forex ............................................................. 4

- Broker and Platforms ............................................................. 24

- Introduction to Charts ............................................................. 33

- Market Management ............................................................. 43

- Introduction to Trendlines .............................................................. 59

- Key to Success .................................................................... 71

- Free Access .................................................................... 75

 BORN TO
TRADE

Welcome To
BORN TO TRADE
Where serious money is made.

Congratulations for taking the first step to becoming a successful trader

in Forex!

This eBook is not only an eBook. It can also be used as an ultimate guide
or point of reference for anyone who wants to learn more about the
Forex industry.

I have worked day and night to plan, produce and prepare this
ultimate guide so that it is easy to read and be understood by everyone!

My intention as shared in my Facebook page Born To Trade , is to help

as many people as possible to learn and succeed in this industry.

You all have a choice to make

1 You can read this ultimate guide and forget all about it. Hence, there
would be no changes. Or…

2 Take action, follow what we have prepared for you to garner knowledge
and success with us at Born To Trade

So, what will you do?

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WHAT IS
FOREX TRADING?
Forex is the biggest currency market in the world!

This market has been opened for everyone to trade since 1994 and its
trade volume can reach up to $5 Trillion every day.

Forex (FX) : Foreign Exchange

Similar to other businesses, Forex trading includes the process of buying

one currency at a low price and selling it back when the price has increased
to gain profit.

Forex happens to be a very popular investment because it has very high

returns.

Profits can reach up to 100% in a span of one day. Due to the market’s very
fast pace, it is undeniable that Forex can also be quite risky. Anyone can
experience losses when they do not have enough knowledge to trade.

That is where we can help

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HISTORY
OF FOREX
Foreign Exchange that we know today began in 1973, but the trading of
currencies has actually existed since the first coin was introduced in
ancient Egyptian times. Afer World War II ended, the US’ economy has
been solid compared to most European countries. The US Dollar was
very popular back then and was verified as the global currency.

In 1982 the currency pair was created for the first time and offered as a
purchase option to the United States, and more currencies appeared in
1983.

By 1987, both the United Kingdom and the United States were fully
traded in foreign exchange, but there were many more countries such as
China, South Korea and Iran (in 1991) that participated.

The first online trading of the currency took place in 1994, which in turn
led to the development of the Euro currency in Europe. The rise of the
Euro threatens the dominance of the US Dollar as a global reserve
currency. The euro is currently the official currency in 19 European
countries.

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WHAT MOVES THE

FOREX MARKET?
One of the reasons is 'supply and demand'.

The world needs more US dollars, so at the same time the value of the
dollar increases. When there are too many US dollars circulating in the
market, then the price of the currency goes down.

The forces that move the market can also reflect changes in the value
of a currency. In addition, other factors such as interest rates, new
economic data from the largest countries and geopolitical tensions can
also affect the price of a country's currency.

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STOC KS vs FOREX
STOCKS FOREX
1. Traders buy and sell stocks 1. Traders buy and sell currency

2. There are thousand of stocks 2. There are 6 main global currencies

3. Buyers and sellers are limited 3. Buyer and sellers are unlimited

4. Some stocks are harder to sell 4. Easy to buy and sell

5. Can only be traded during 5. Can be traded 24 hours a day,
working hours. 5 days a week
6. One way market 6. Two way market

To buy and sell stocks, investors must open an account and register with Bursa
Malaysia through a brokerage company, while for Forex, they only need to
register through an online Forex broker.

Investing in stocks involves companies listed on Bursa Malaysia. As for Forex, it

involves all the world's foreign currencies such as USD, EUR, JPY, GPB, WON and
so on.

There are two ways to transact money into and out of the account: -Through
'online banking'
-Through a registered stock remisier/dealer.

Therefore, Forex traders need to deposit through existing brokers and all deposit
or withdrawal maters only through online brokers.

Stock gains are through the performance of counters/companies purchased in

addition to a small influence on the economy and politics while Forex is based on
the performance of world currencies.

It always involves a number of political factors, the world economy, and others.
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PLAYERS IN THE
FOREX MARKET

TIER 1 Central Banks / Interbank (National Banks, BOJ, BOC, BOE)

TIER 2 Institutional Funds (CitiGroup, JP Morgan, Goldman Sachs &
other Hedge Funds)
TIER 3 Retail Traders (This is us!)

With every tier, there is a set narrative which includes its own roles.

All three tiers are dependent on one another when building the market.

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C URR ENC IE S

There are many currencies that can be traded in Forex.

Everyone can start with major currencies which are mostly traded and
represent some of the world’s biggest economies.

7 currencies stated above are the main currencies.

CURRENCY PAIR TYPES

MAJOR MINOR EXOTIC

Main currencies Currencies excluding Currencies which has
include USD. USD which is known as some developed
Cross Pair. market qualities but
does not fulfil all the
necessary standards.

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TIME TO
TRADE FOREX
The Forex currency market runs 24/7 but can only be traded on Monday to
Friday only (5 days). This is because brokers close on Sundays including
general holidays.

In a day, not every time the market is full! There are brisk times, there are
slow times. The London and New York sessions were the most frequent. In
these two sessions, there is an overlap time.

Market sessions can be used as a guide to determine which currencies are

the most traded. Usually, Monday the market is slow due to the new
market opening.

In the middle of the week, the market is the most active. Friday is a better
time to close all positions or make a breakeven because it is the last day for
the week.

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FOREX
MARKET TIME ZONE OPENS CLOSES STATUS
Asia/Kuala Lumpur Asia/Kuala Lumpur
CENTER
Frankfurt Europe/Berlin 02:00 PM 10:00 PM Closed
Germany 02-October-2020 02-October-2020
London 03:00 PM 11:00 PM
Great Britain Europe/London 02-October-2020 02-October-2020 Closed

New York American/ 08:00 PM 04:00 AM Open

United States New York 01-October-2020 02-October-2020

Sydney Australia/ 06:00 AM 02:00 PM Closed

Australia Sydney 02-October-2020 02-October-2020

Tokyo 07:00 AM 03:00 PM

Japan Asia/Tokyo 02-October-2020 02-October-2020 Closed

Usually, traders will do their analysis in the morning and start trading around
12PM - 3PM UK time.

The most awaited trade is the European market which opens at 3 pm while
the US market, which opens at 7 pm. The market was brisk between these
two sessions.

Best Time To Trade Forex

MONDAY
Trading activity is
usually pretty slow
probably due to
people starting to
work.
TUESDAY, WEDNESDAY, FRIDAY
THURSDAY
Difficult to assume as
Most active trading most traders are prone
activity. to close their positions.

By acknowledging the main sessions on top and the specific currency pairs,
everyone can find the best time to trade and increase their trading
performance.
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TIME FRAMES
IN FOREX

Terdapat 8 time frames di If you were to choose H1, it means

dalam Forex :-
1. M5 ( 5 minutes )
2. M15 ( 15 minutes )
3. M30 ( 30 minutes )
4. H1 ( 1 hour )
5. H4 ( 4 hours )
6. D1 ( 1 day )
7. W1 ( 1 week )
8. MN ( 1 month )
the H1 candlestick graph will
represent graph patterns for a
period of 1 hour.
If you were to choose M5, it means
one candlestick graph will
represent graph patterns for a
period of 5 minutes.
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'BID, ASK, SPREAD'

Bid: The price you sell.

Ask: The price you buy, Value of ‘Ask’ is usually higher than ‘Bid’

Spread: Difference of Bid/ Ask (Broker Charge)

Every pair has different spreads set by the broker. There are brokers using
fixed spreads and there are also those who charge in the shape of floating
trades or both simultaneously. This changes from time to time.

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LEVERAG E IN FOREX

Leverage is a characteristic feature

that enables your trading strategy - 1:1 = 100%
by using loan money. The goal is to - 1:50 = 2%
get huge profit potential. - 1:100 = 1%
- 1:200 = 0.5%
- 1:500 = 0.2%
- 1:1000 = 0.1%
- 1:3000 = 0.3%

Chances of Margin High leverage,

Overlot Call (MC) is high higher risk

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PIP & SWAP

PIP : (Percentage in Points) is the value of the change in a pair. A pip is the
smallest price movement that can be made by an exchange rate based on the
Forex market. How to calculate pips:

1 PIP = 10 Points

Example:

SL 25 PIPS = 20 Points

Buy
SL = 64.869 Point
TP = 64.868 Point = 250 Point
= 65.118 Point = 65.118 Price.

Swap : Charges will be imposed by the broker if there is a position that has
not been closed or carried over to the next day. Positive or negative swaps
depend on the number of lots. Swap rates change from time to time. To avoid
swaps, you can open an Islamic account if you want (Swap Free).

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TYPES OF ORDERS
IN FOR EX
Buy STOP Sell STOP Buy LIMIT Sell LIMIT
Order placed Order placed Order placed Order placed
above current below current below current above current
price price price price

Market Order: 'BUY' or 'SELL' at the current price.

Pending Order (PO)

- Limit Orders
Buy Limit: Buy below the current price.
Sell Limit: Sell above the current price.

Take Profit: Set a target and take profit.

Can be divided into 20 PIPS - 100 PIPS.

- Stop Orders
Buy Stops: Buy above the current price.
Sell Stops: Sell below the current price.

Stop Loss: Limit the loss. Can be used from entry 30 PIPS - 50 PIPS.

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PIP & SWAP

What are the ways to reduce risk in FOREX trading?

You need to set Stop Loss (SL) and Take Profit (TP) on each entry.

Take Profit: Set a target and take profit. Can be divided into 20 PIPS - 100
PIPS.

Stop Loss: Limit the loss. Can be used from entry 30 PIPS - 50 PIPS.

Use a step win ratio!

1: 2 = 10 PIPS (SL): 20 PIPS (TP)
1: 3 = 10 PIPS (SL): 30 PIPS (TP) and so on

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BALANCE, EQUITY,
MARGIN, FREE MARGIN
& MARGIN LEVEL

Balance is the amount of funds in your account.

Equity = Balance + Flowing Profit / Loss

If you do not have an open position then Equity = Balance

If you have an open position (open) with a temporary profit (floating

profit) USD 500, then:

Equity = Balance + USD 500

If you experienced a loss while floating USD 600 then:

Equity = Balance – USD 600

Margin is connected with Leverage. If you choose leverage 1:100 then

your promised fund is 1% of the contract value. If your leverage is 1:200
then the promised fund is 0.5% of the contract value.

If you open a regular account (standard) and trade EUR/USD, GBP/USD,

AUD/USD atau NZD/USD, then your contract value for 1 lot is USD
100,000.
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In this case, calculation for Margin is:

Margin : (USD 100,000) x (total lot or volume) x (margin percentage) x

(current market price)

Example: Open a standard account with leverage 1:200, buy 2 EUR/USD

lot at the price of 1.0885, then margin is: (USD 100,000) x 2 x 0.5% x
1.0885: USD 1,088.50

Free Margin is the difference between Equity and total Margin to open a
position (if there are several positions still open). If there is no position,
all funds in the account are Free.

Free Margin = Equity - Margin total

For example, the total fund is USD 5,000, and there are some positions
that are still open with a total margin of USD 1,750 and positions that
profit USD 870, which lose USD 240, then: Equity = USD 5,000 + USD 870
- USD 240 = USD 5,630.

Free Margin = USD 5,630 - USD 1,750 = USD 3,880 Margin Level is also
called 'Margin Call Level' or Level where you will be exposed to 'Margin
Call'. 'Margin Level' (in percent) is the comparison between Equity and
total Margin.

Margin Level = (Equity / Margin total) x 100%

Usually brokers set Margin Level = 80% - 100% to charge Margin Call ( ap
different brokers). Suppose you trade with a broker that applies the 100%
Margin Level rule for Margin Call, and you still have USD 5,000 with some
trading positions still open and a total loss (outside the margin), with a
total margin of USD 500.

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MARGIN CALL
& STOP OUT

Margin Call (MC) and Stop Out (SO) indicates the limit on the amount of
equity that is determined to experience a loss or a floating loss correction.

Balance: The amount of funds in the account.

Equity: Balance + Profit / Loss
Profit floating: Open a profitable position.
Loss floating: Open a position that has a loss.

MC and SO are determined from the Margin Level.

Margin Level: (Equity / Margin total) x 100%

MC: 100%, meaning if Margin Level: 100%, then it will be exposed to MC. In
this case, the MC will be affected when Equity: Total Margin.

SO: 30%, meaning that if Margin Level: 30%, then SO will be affected, and
trading will be stopped. In this case, it will be SO when Equity: 30% of the
total Margin.
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FO REX
BROKER
Forex brokers offer important services for the market, especially for
retail Forex traders.

Since they started operations in the retail market, brokers have helped
open up many opportunities that previously did not exist for individual
traders.

Brokers also offer valuable services to help traders understand price

movements that have the potential to generate profits.

With an internet connection and a computer or mobile phone, traders

can now open a Forex account and trade in a market that was previously
only accessible to banks, large corporations and financial institutions, as
well as very wealthy individuals.

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Established in 2011, Regulated by CySEC, FCA and IFSCA

Micro Trading Accounts, Cent, Standard, ECN & ECN ProDe-
posit minimum $ 5, high leverage of 1: 1000, FXTM-Invest
Platform Trading MetaTrader 4 and 5, WebTrader, Mobile
and Social

Established in 2009, Regulated by CySEC, FCA, ASIC and

IFSCA Micro Trading Account, Standard, Zero Spread Mini-
mum deposit $5, leverage up to 1: 888MetaTrader 4 and 5
Trading Platforms, WebTrader and Mobile

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Established in 2010, Regulated by CySEC, FCA and FSCA

Micro Trading Accounts, Premium, Fixed, Zero Spread, VIP
Deposit minimum $5, high leverage of 1: 3000, HF Copy
Platform Trading MetaTrader 4 and 5, WebTrader, Mobile
and Social

Established in 2011, Regulated by CySEC, IBCA Micro Trad-

ing Account, Pro, ECN Minimum deposit $5, high leverage
of 1: 500 Platform Trading MetaTrader 4 and 5, WebTrader,
Mobile and cTrader

All listed Forex brokers are fully regulated by financial regu-

latory bodies, and have earned a high level of satisfaction
and a good reputation among traders around the world.

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BROKER TYPES

Market Maker (Dealing Desk)

The currency price in the broker is man -made. That is, the price you see
in the chart comes from an internal broker and not from an interbank or
liquidity provider (LP).

Due to fierce competition from brokers to attract customers, the price

they offer is almost the same as the interbank. Market makers make a
profit from spreads and hedging with their customers.

There are 2 types of No Dealing Desk (NDD):

1. Straight Through Processing (STP)

Most STP brokers offer variable spreads. If the spread between liquidity
providers increases, the spread that reaches the trader also increases.
There are also brokers offering fixed spreads.

2. Electronic Communication Network (ECN)

ECN brokers charge a commission and there is a markup on the spread.
Pricing comes from LPs and other ECN traders.

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IMPORTANT ASPECTS
IN CHOOSING
A BROKER
Type of Account
Usually brokers will offer account types according to capital
requirements (Standard, Mini, Micro).

Customer Service
Any important matters that you want to be asked can directly contact
the live chat broker of your choice. Make sure they respond quickly.

Deposit & Withdrawal

Quick and easy deposit and withdrawal services.

No Restrictions
They allow all strategies, there are no strange rules. They are also fast
when ordering each pair and there are no obstacles given.

Security Fund
Choose a broker that is regulated and serves to protect the trader's
interests. Make sure there is a regulator that helps the broker.

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TRADING PLATFORM

Download the trading platform on the website of any broker of your

choice for free. Easier and better than before.

There are 2 types of platform, Metatrade 4 and Metatrade5. A popular

platform used by traders is Metatrade 4.

This platform is popular because:

1. User friendly.
2. Can open many charts at one time.
3. Can open several MetaTraders at one time though different brokers.
4. Easy to download.
5. Supports multi frames.
6. Supports many other currencies and pairs.
7. Available in Mobile and PC versions.

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REQUIREMENTS TO
OPEN A TRADING
ACCOUNT
Identification Card/License/Passport
Register your information and make sure your details are consistent
with your Identification Card, License or Passport.

Utility Bills
Verification of the current residential address. Make sure the name
and address are the same as on the bill.

Bank Account
Have an online bank account to make transactions and facilitate
Deposit/Withdrawal.

Phone
For security safety. Some brokers use an online banking system
(Two-factor authentification). Each time a Deposit/ Withdrawal, a
confirmation code will be sent via the owner's phone first.

Capital
Set enough capital to start a trade before trading because the choice of
account type depends on your capital.

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TYPE OF ACCOUNT,
UNIT & LOT

If you are really new to the field of Forex, I recommend to start trading
with virtual money (there is a risk involved) in an account commonly
known as a Forex demo account.

Once you’ve gained experience in demo accounts, you may continue to

open a micro Forex account (suitable for beginners, low deposit) or a
penny (cent) Forex account (account balance in cents, trade in cents) to
start trading in the real market with a small deposit.

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TYPE OF CHARTS

Line Chart
The chart is in the form of a simple
line, in which the line connects
from one previous closing price to
the next closing price. By looking
at the series of lines, we can see
the general price movement of a
currency pair over a period of
time.

Candlestick Chart
Shows the same price info as the
Bar Chart, but in a more perfect
graphical format. The Candlestick
Chart also shows the range of the
highest price to the lowest price,
not with a vertical line, but in the
form of a rod. However, in a
candlestick chart, the stem (or
body) shows the range between
the opening and closing prices.

Bar Chart
it is a combination of all lines (vertical and
horizontal) formed in one component. A bar is just a
segment of time, whether it's a day, a week, or an
hour. So we can combine the bar chart according to
the Time Frame used.

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OHLC
If CLOSE is above OPEN, it can be said that the CANDLE will be BULLISH which
means the stock market is going up.

Bullish Candle can be seen with BLUE CANDLESTICK. Most platforms will use
BLUE CANDLE as a sign of BULLISH MARKET but it is not always in blue. Some
also use other colors. Follow what suits you best.

Also, if CLOSE is below OPEN, we can say that the CANDLE will be BEARISH
which means the stock market is declining.

Candlesticks are shaped from

OPEN , HIGH , LOW & CLOSE
following the time frame that we
use.

Body length refers to STRONG BUYING or SELLING PRESSURE. If there is a

candle that is CLOSE above the OPEN with a long body, it means the bottom
of the BUYER is stronger and they will take over control of the Market in that
time.

On the other hand if the BEARISH candle which is OPEN above CLOSE with a
long body, it means SELLING PRESSURE controls the Market in that time. The
short and small body, on the other hand, shows little activity of buying or
selling.
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CANDLESTICK
PATTERNS

One of the most powerful trading concepts, easy to recognize and is a

profitable Trading Setup.

Studies have confirmed that this PATTERN has a high predictive value.
Candlestick pattern is like a language for us to understand about the
market that has taken place.

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Bearish Engulfing

This is how the Engulfing Bar looks like on the chart. If Bearish Engulfing
Bar, it tells us that the seller is controlling the market.

When this pattern occurs at the end of an uptrend, it tells us that the
Buyer is swallowed or dominated by the Seller which indicates a reversal
trend signal.

As in the picture, we can see when 'Bearish Engulfing' occurs at the end
of the uptrend.

So from here we can expect that the market is a REVERSAL TREND be-
cause the buyer still does not control the market and the seller is trying
to push the market down.

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Bullish Engulfing

Bullish Engulfing Bar tells us the market is no longer under the control
of the Seller and the Buyer will dominate the market.

When a Bullish Engulfing candle is formed during an UPTREND, it indi-

cates a signal continuation and when a Bullish Engulfing candle is
formed during a DOWNTREND, it is very likely that a change of trend to
an UPTREND can happen.

The picture above shows us how the market changed direction after
the formation of the Bullish Engulfing Bar pattern.

A small body indicates selling power is protected by a second body that

represents buying power.

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The Hammer (Pin Bar)

This pair is created when the open high and close are almost the same
price.

Another feature is the long lower shadow which indicates bullish rejec-
tion from buyers and they want to push the market higher.

Hammer is a candlestick reversal that occurs at the end of a

down-trend.

This candle is formed when the seller forces the market to a low price
after opening but the buyer pushes the price so that the market closes
higher.

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The Shooting Star (Bearish Pin Bar)

Happens when OPEN is low and CLOSE is almost the same as OPEN.

This candle is a small body and a long upper shadow. It is the ‘Bearish
Hammer’ version.

When this pair occurs in an uptrend, it indicates a ‘Bearish Reversal

Signal’.

The formation of this pair marks the end of the uptrend and the begin-
ning of the downtrend.

This panel can be used with support & resistance, supply & demand.

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Morning Star

Morning Star pattern is considered a Bullish Reversal Pattern, it always

happens at the bottom of the downtrend and has 3 candlestcks:

First candle is a decline that indicates that the seller is still in the
market.

A small second candle indicates the seller is in control, but they are not
pushing the market down.

Third candle is a bullish candlesick that gaps up when OPEN and CLOSE
above the dot/ middle price level on the first day, this candlestick gives
a trend reversal signal.

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The Evening Star

Considered a 'Bearish Reversal Pattern' which usually occurs above the

uptrend. This pattern has 3 candlestick patterns:

First candle is a bullish candle. (Bulls are still pushing the market higher)

Second candle is a small candle, it can be bullish, bearish, doji or other

candlestick. It's uncertain. (Buyers are still in control but they are not as
powerful as they were)

Third candle is a large bearish candle. In general, this evening star pat-
tern is a bearish version of the morning star pattern. (Buyer’s domina-
tion is over, and a possible bearish trend reversal is likely to happen)

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MARKET CYCLE
One of the strategies is to
buy after the price moves
away from the resistance
level (Buy/Sell on breakout).
This is Wyckoff’s market
cycle theory.

Accumulation Phase
Smart Money (SM) has recognized the low/ cheap price market and
started collecting in large quantities. Usually the price will be in a state of
"sideways" (horizontal) and this phase takes a long time, it may even
reach many years.

Mark-Up Phase
At this point, the stocks collected by SM have started to move up after
passing the resistance level of a price. During this phase SM will let the
market rise neutrally.

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Distribution Phase
At this phase, SM will find the price that is already at its peak price and
start releasing their holdings.

The bullish momentum will decrease/ disappear due to the active release
of shares by them. Usually buyers who pass by will be stuck here.

Mark Down Phase

Once SM gives up all their shareholdings, the share price will start to fall
due to more interest in buying shares on a large scale.

SM will wait for prices to fall at what they consider low to regroup. The
collection process will take a long time.

Using this theory, the volume bar indicator is very important to confirm
the price movement because it is closely related to "demand" and
"supply".

Price movement compared to volume is very important to know the

direction of stock price movement.

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MARKET TYPES

BEARISH MARKET BULLISH MARKET

The market declined in a When the Bulls are powerful in
downward trend as investors sold the market, people are looking to
riskier assets. invest money, high confidence and
risk acceptance generally increase.

Traders can take advantage of both because of the two-way Forex

market.

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HH, HL, LL, LH

Price movements are based on two types of trends, namely Bullish

(uptrend), Bearish (downtrend) and Sideways. This trend analysis is a way
to determine the trend of a price movement.

Before determining the trend of a price, the trader must know what is
meant by the terms below.

Higher High (HH) Lower Low (LL)

Peak price point that exceeds the The lowest point is the lowest of all
previous peak. before.

Lower High (LH) Higher Low (HL)

Peak from a price lower than the Higher than the previous point.
previous peak.

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BUY LOW SELL HIGH

We can make a profit when we Buy/ Sell currency.

Buy at a low price.

Sell at a high price.

Sell when the price is high, you will get a profit if the price decreases. Will
lose if the price goes up.

Buy when the price is low, you will get a profit if the price goes up. Will
lose if the price goes down.

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BULLISH MARKET

You need to find a LOW price to BUY. To avoid the opposite trend.

BULLISH MARKET

You need to find a HIGH price to SELL. To avoid the opposite trend.
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SUPPORT & RESISTANCE

Support & Resistance (SNR) is a zone.

The simple language is Roof (Resistance) and Floor (Support). The

strength of SNR can be seen through the frequency of price return
(retest) in the zone.

If it happens, it means that the breakout zone is not strong. Make sure it
is in a fresh zone. Can try to do a back test to see the previous SNR level.

Support = Zone below the market price (Low). Buy at Support!

Resistance = Zone above the market price (High). Sell at Resistance!

NOTE: ALWAYS LOOK LEFT FOR THE NEAREST SNR!

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Price Bounce

The red circle indicates a price that bounces or changes direction at that
level, and a blue circle indicates that whenever the price returns to that
level it will hold on to Support.

Price Hold

The red circle indicates the price that remained at that level for quite
some time before the market went down. Then every time the price
returns to that level it will survive as Resistance.
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IDENTIFYING SUPPORT
& RESISTANCE

What do we see from the image above to determine Support &

Resistance?

If the Support or Resistance area is always tested, and the price is not
successfully penetrated (break), then the stronger the area, it can be said
to be a major Support/ Resistance area.

Price is currently in the area between major Support/ Resistance. There

must be an area that will also be a point back which can be said as a
minor Support/minor Resistance area.

If the Resistance area is successfully penetrated (break), then the area

has the potential to become a Support area. Vice versa.

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STRONG OR
WEAK SUPPORT
& RESISTANCE
How To Identify STRONG Or WEAK SNR?
1. There is a lot of rejection at the price you are trying to achieve. LOW
or HIGH. (Rejection means there is a long tail/shadow on the price)

2. Available on LARGE Time Frames namely H1, H4, Daily, Weekly or

Monthly.

3. The larger the time frame, the stronger the SNR.

4. STRONG SNR is available on large time frame H1 and above.

5. WEAK SNR is available on time frame M30 down.

6. Price needs a breakout (Tembus) areas of SNR and CLOSE body, then
SNR will break. If only the shadow comes out, it is not a breakout but is
called a "SHADOW KILLER" which puts a SELL or BUY trader position.

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Strong Support Daily

Strong Resistance Daily

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Weak Support M15

Weak Resistance M15

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SUPPORT &
RESISTANCE FLIP
Resistance Becomes
Support
The trend changes from sell to
buy. RBS is a resistance level
that turns into support when
the price manages to break
that level.

Support & Resistance Flip (SNR FLIP) is a change in the level of Support
into Resistance caused by breakout sellers so that it successfully forms a
new Support or change the level of Resistance into Support because of a
breakout by buyers so that it successfully forms a new Resistance.

Support Becomes
Resistance
The trend changes from buy to
sell. SBR is a support level that
turns into resistance when the
price manages to break that
level.

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BREAKOUT

False Breakout Breakout

BREAKOUT can only occur after the body candlestick close passes the
previous highest or lowest price.

If you want to use shadow as a BREAKOUT signal, you need to go to a

lower ti me frame until it finds a candlestick that successfully closes
above the previous highest or lowest price.

However, this method is very risky because the smaller the time frame
used, the more risk of a "false signal"
Important pointsin identifying BREAKOUT:

BREAKOUT occurs after BREAKOUT previous BREAKOUT of previous

the body candlestick highest price = SIGNAL lowest price = SIGNAL
successfully closes past BUY SELL
the previous highest or
lowest price.

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Why is BREAKOUT important?

It is the initial signal of the next price direction. When a breakout

occurs, the market is telling where the price is going to go after this.

But, keep in mind that a breakout is not a confirmation for the

market to follow the breakout signal.

Several other things need to be taken into account as confirma on to

determine whether the breakout is valid or doesn't depend on the
techniques used to analyze the market.

Can you BREAKOUT only with shadows or no?

The answer is NO.

Breakouts can occur by means of body candlestick close above the

highest price before or the lowest price before.

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TRENDLINE

Trendline is the line where we mark the formation of a trend. Either to

predict an uptrend (Uptrend) or a downtrend (Downtrend). It includes
the market’s journey.

There are 3 Types of Trends!

UPTREND DOWNTREND SIDEWAYS
The upward direction Downward direction of The direction of market
of the market market movement, also movement is horizontal
movement, also known known as ‘Bearish’ (sideways), also known
as ‘Bullish’ as ‘ranging’ or ‘flat’

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TYPE OF
TRENDLINES
Trendline + SNR is divided into 4 types:

1. Trendline SNR
i. Trendline Support (TLS)
ii. Trendline Resistance (TLR)

2. Trendline SNR
i. Trendline Support become Resistance (TLSR)

3. Trendline RBS
i. Trendline Resistance become Support (TLRS)

4. Trendline Breakout
i. Breakout trend is either in the TL Support area or in the TL Resistance
area

To identify trends and entry zones, it is necessary to understand that

trendlines are divided into 2 types:

a) Major Trendline b) Minor Trendline

- Pulled on the Big TF to see the - Pulled on the TF used to find the
trend. For example: entry. For example:

i. M30 for scalping i. M1, M5 and M15 for scalping

ii. D1 for intraday ii. H1 and H4 for intraday
iii. MN for swing iii. D1 and Weekly for Swing

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HOW TO DRAW &

ENTRY TRENDLINES + SNR
Timeline SUPPORT = Biru R
Timeline RESISTANT = Merah
R

R
R S

S
S
S
S

How to Draw a Trendline: Marking zone - specific zones.

We need to pull from HIGH to The entry method is to wait for the
HIGH for Resistance. price to touch the trendline:
We need to pull from LOW to LOW
for Support. In Trendline Resistance for SELL
In Trendline Support for BUY
Body to Body On Trendline SBR to SELL
- This way high risk and floang will On Trendline RBS to BUY
be more.
But candlestick cannot go out of
Shadow to Shadow trendline.
- This way low risk and floating will If you go out (breakout) you need
be less. to cutloss/ close order.
NOTE: Valid for all pairs. ALWAYS LOOK LEFT FOR THE NEAREST SNR!

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MAJOR, MINOR
TRENDLINE
Step by Step to pull the Trendline!

Step 1 (Major Trendline) Step 2 (Minor Trendline)

- Pull the trendline on a large - Drag the trendline on a small
Timeframe according to the Timeframe to find entries
Scalping, Intraday or Swing entry according to the Scalping, Intraday
method. or Swing entry method.

Example:- Examples:-

Scalping: Drag on the Timeframe Scalping: Pull on Timeframe M1 or

M30 or M15. M5
Intraday: Pull on the Daily Intraday: Pull on H1.
Timeframe. Swing: Pull on Daily.
Swing: Pull on Weekly or Monthly

Step 3 (SNR)
- Once you’ve pulled everything, wait in the Trendline and SNR zone to
enter.

a) Major Trendline b) Minor Trendline

Major Trendline is a trendline Minor Trendline is a trendline
drawn on a large Timeframe- drawn on a small Timeframe to
Timeframe to see the original trip. find a sharp entry and less
floating.

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TRENDLINES + SnR
FLIP

The RBS trendline is a trendline for price retest/retrace after a breakout.

How to draw this trendline?

You need to pull from HIGH to HIGH

1. RED Line Trendline Resistance

2. BLUE box Retest/Retrace area
3. The RED Line is the Resistance Trendline that turns into Support after
price breakout.
4. Entry area is in the BLUE Box where the price touches again Trendline.

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SBR trendline is a trendline for price retest/retrace after breakout.

How to draw this trendline?

You need to pull from LOW to LOW

BLUE Line Trendline Support

BLUE box Retest/Retrace area
The BLUE line is the Trendline Support changed to Resistance after the
price breakout.
Entry area is in the BLUE Box where the price touches the Trendline again.

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TRENDLINE
BREAKOUTS

Trendline breakout occurs

when the trendline is
outlined, broken by the
market price when a
breakout occurs, then the
market will change trend.

If the market is UPTREND and there is a breakout, the market will change
to DOWNTREND.

If the market is DOWNTREND and there is a breakout, the market will

change to UPTREND.

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There are 3 instance of Trendline Breakout:

Clean Breakout

Breakout & Retest

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CHART PATTERNS

Pattern charts are an important element in analytical techniques. Every

investor and trader must know the knowledge of Chart Pattern as a guide for
them to analyze market price movements.

Pattern chart is a pattern formed from price movements and can help us to
determine which direction the next price will go. This price pattern is guided
by the previous market price.

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Raising Wedge

Stopless

Entry

Target

CONTINUATION PATTERN gives a signal where the market price will

continue to rise according to the current price trend.

For example, when a company's stock price moves in an uptrend, it will

rest to make a correction/retracement.

During this retracement, the Pattern Chart will be formed.

If what is formed is a Continuation Pattern, then the market price will

continue to rise according to the previous trend.

Falling Wedge

Target

Entry

Stopless

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Head

Shoulder
Shoulder
Head Shoulder

Stopless
Entry

Uptrend
Target

REVERSAL PATTERN gives a signal that can tell us that the market is
slow or the momentum is not strong and may change direction from
uptrend to downtrend or vice versa.

For pattern reversal, the best way to use it is with a combination of

Support & Resistance.

Downtrend
Inverse
Head & Shoulder

Target

Entry

Stopless

Shoulder
Shoulder

Head

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TYPES OF
FOREX TRADERS
STYLE SCALPING INTRADAY SWING POSITION

Timeline Very short Short Long Very Long

(1 minute - 1 hour) (In the same day) (Daily/ Weekly) (Monthly/ Yearly)

Timeframe M1,M5,M15 M5, M15, M30 M30, H1, M4, Daily, Weekly
H1 & H4 Daily, Weekly & Monthly

Pros • Very fast to get • More relaxed than • More relaxed than • Very relaxed
prot scalping intraday • Very suitable for
• Can be done • Suitable for part • Suitable for part part time trader
repeatedly in 1 time traders time traders • Can reach up to
day • More pips versus • Can reach up to thousands of pips
• The risk of loss is scalping hundreds of pips
small

Cons • A few pips • It is dicult to • Have to wait a • Have to wait a

• Need to always get a suitable long time to make very long time to
look at the chart entry position a prot make a prot.
• Stress • Not too many • Requires high • Requires higher
• Loss can pips compared margins margins.
become large if to swing and • High risk of loss • Very high risk of
too many position trading. loss.
positions and lot
sizes are not
controlled

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MONEY
MANAGEMENT

Emotional care is also an important thing to do in Forex trading. Many

things can happen at once and give us high mental stress.

Follow the guide:

- Do not enter an order if the trend is moving.
- Do not enter orders against the trend.
- Be aware and accurately check the analysis before entering order. - Do
not trade Forex if you have a lot of personal problems and when the
mood is unstable.
- Put value on Stop Loss and Take Profit with risk reward the right one.

If you still do not follow the guidelines given, you will only face huge
losses.

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RISK MANAGEMENT
Drawdown

In Forex, a loss is often known as a Drawdown (DD) say you have a

capital of $ 10,000 and have lost 5,000.

What percentage did you lose?

50%. That's called a Drawdown

TRADE BALANCE 2% TRADE BALANCE 10%

HIGH RISK HIGH RETURN!

Risk per trade 2% vs 10%
Look above.
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