PRICE ACTION WITH

S’PHELELE KAY
MGAGA
AKA KAY CEBISA
THIS eBOOK WILL HELP THOSE WHO WANT TO BETTER
THEIR FOREX AND BINARY OPTIONS SKILLS; IT IS ONE OF
THE BEST PRICE ACTION PDF. I SHARE MY JOURNEY AS A
TRADER. IF YOU PRACTICE EVERYTHING IN THIS BOOK I
PROMISE YOU PROFITS WITHOUT SPENDING
THOUSANDS FOR TRAINING.

MY NUMBER 065 9604 738

LUCKY “B” MGAGA

0716420713

CELAMANDLA “B” MGAGA

0823435020
TABLE OF CONTENT

Episode Topic
Episode 0 Table of content

Episode 0 My Identity

Episode 1 Trends

Episode 2 Support and resistance

Episode 3 Candlesticks pattern

Episode 4 Channels

Episode 5 Breakouts

Episode 6 Chart patterns

Episode 7 Fake breakouts

Episode 8 Fibonacci levels

Episode 9 Point of intersections

Episode 10 Binary options

Episode 11 Risk management

Episode 12 Trading plan

Episode 13 Motivation

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My about
My name is S’phelele K Mgaga, a South African which was born in UMsinga Tugela Ferry
(NF), I grew up in Newcastle, I went to Durban when I was 19 years old to further my
studies. That is where all the forex and binary thing started, I am 22 now meaning it is my
third year in the business. I spent like two years studying forex not trading full time but
trading it part-time because I was busy with my tertiary work, so I know a lot of things about
forex. In this eBook I will share only the things I found to be useful in my trading journey not
everything I know. I wrote it with my hands using my experience thus there’s no plagiarism.

I wrote it with passion, I gave myself enough time (I Started April 2017-March 2018). I was
not rushing, I had to balance my daily activities. By looking at the screenshots of the pictures
I used in this eBook you will see that it indeed took me time. The aim is not to make money
with it but it is to give people useful information about making money in forex. The system
shared in this eBook is what I am using; you will see the screenshots of the running trades,
my perfect analysis and my bad analysis. The aim is to make people traders in just one book
not from different books like I did; I even went through useless stuff. When you do
everything I say; I promise you, you will be a profitable trader.

Please read this eBook like you are watching a series because a new episode (chapter) will
force you to recall what is in the previous episodes (chapters).

Please note that this eBook is dominated with pictures, all of them coming from my
Metatrader 4, no stolen pictures even candlesticks, it took me time to complete it.

Before you even start reading it you must be aware that it is made for people with basics
of Forex. If you do not have any basics, you may kindly contact me on WhatsApp or
Telegram at 065 9604 738 (please do not call) if I am nowhere to be found, contact my
brothers they will direct you to me, I will give you anything you want about Forex for free,
including the videos and clarity on things that you will not understand in this eBook.

PLEASE NOTE THAT THE PERSON WHO IS ALLOWED TO SELL THIS eBOOK IS MY SELF AND
MY BROTHERS THAT I HAVE MENTIONED IN THE COVER PAGE, THEY ARE FUNDAMENTAL
TRADERS, THEY WERE HELPING ME WITH THE TYPING AND EDITING PROCESS AND THEY
ASSIST ME IN ANYTHING, IF THERE IS SOMEONE ELSE WHO SOLD IT TO YOU, YOU MUST
DEMAND YOUR MONEY BACK.

Signature: MgaKS Forex .

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Episode 1

Trends
A trend is a direction to which the market is moving. We have three types of trends:

1. Up trend, that is when the market is moving up. It is defined as the series of the
Higher Highs and Higher Lows (a new high created is higher than a previous one, a
new low created is higher than a previous low), you will understand that in the
picture I will attach.
2. Down trend, that is when the market is moving downwards. It is defined as the
series of the Lower Highs and Lower Lows (a new low created is lower than a
previous one, a new high created is lower than a previous high), a picture will explain
this to you.
3. Sideways market, which is when the market is moving horizontally.

When it is Trending Up we BUY the Market or we GO LONG.

BULLISH MARKET-TRENDING UP

When it is trending down we SELL the market or we GO SHORT.

BEARISH MARKET-TRENDING DOWN

We do not trade the sideways market, but other traders do, it only comes with experience. I
will give you an example of how to trade it.

Now like I said that this PDF will be a picture dominated one, just take a look at these
pictures and you will get a picture of what I am saying.

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A picture bellow represents a live chart of how a DOWN TREND looks like.

A picture bellow represents a live chart of how an UP TREND looks like.

You can predict that a trend is changing by using the highs and lows, but you should pay
attention to your analysis.

If you are in an uptrend, you must wait until the last higher low (HL) is breached by the
price.

Then enter the market with a short position (a position is a trade contact me for basics).

However, if you trade in a down trend, you should wait until the price breach the last
lower high (LH).

Then enter the market with a long position.

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But do not make the mistake to enter the market before the last HL or LH is breached.

Look at this example:

I hope you can see how the market move after breaking the Higher low or the lower high,
we therefore have to capitalise on this behaviour, I normally put a Sell Stop bellow Previous
Higher Low or Buy Stop above the Lower High to let my order be triggered even when I am
away. Put a stop loss above the previous low or high.

Episode 2

SUPPORT AND RESISTANCE

Support and resistance is one of the most widely used concepts in trading, approximately all
price action traders depends to it, I per self believes in support and resistance, if the market
may make them vanish that is the day I will decide leaving Forex
trading. Strangely enough, everyone seems to have their own idea on how you should meas
ure support and resistance.

Please note that this book will be dominated with pictures, I learnt Forex
trading using pictures and few theory so I believe it will work for you also.
Let’s just take a look at the basics first. What is support and resistance? You ask yourself.
Now like I said I will be explaining too much with pictures and I will use real charts and few
drawings, do not let the number of pages discourage you this is an awesome Book.

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Now the fog has vanished right? You must be smart if you answered yes to this question.

How about this picture bellow? Would you still say the same thing?

I know you get something now, think of support and resistance as you are playing a ball in a
garage, what happens if the ball hits the wall? It goes and hits opposite wall right, think of it
as a you’re playing pool and you see a white ball moving, it hits that side, it then comes back
and hit this side but if the applied force was too strong we see the white ball jump the walls
of the pool, this means that we cannot be in one range of support and resistance. To sum it
up S AND R ARE AREAS WHERE THE MARKET OR PRICE TURN, RESISTANCE IS A PEAK AND
SUPPORT IS A TROUGH.

Now look at the real example of the 1st sketch. You can see in a real world it is not as easy as
you think it is. I had to use that fake sketch to make it sink in your brains fast, but it is one
thing.

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The real world of the 2nd sketch, I hope you can see that things become a little different in
live charts. Knowing things will be a bit harder is the most important thing, but in my
experience as a price action forex trader I realised that it is okay not to be comfortable
when I am trading.

Now here is the most important thing why you have to know about this behaviour of the
market. The S and R are moving the market. The market tend to respect the previous
turning points, if it bounces once, we expect it to bounce once again. Look at the picture,
the rule to always remember is that the bigger the time frame-the stronger the
support and resistance levels. Ideally we should mark our S and R on D1 time frame
where 90% of the traders are.

Now the golden rule is that the broken support becomes a new resistance and the
broken resistance become a new support. How? You ask yourself. The picture will
tell you everything.

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Now look at the real chart you will see it is not as smooth as I have shown you in the sketch.
I normally wait for candlesticks (to be found in the next episode) and take trades following
the trend.

Now that’s enough. The opposite is true for the down trend. Now let us go to the next
episode an see how you may trade support and resistance. I will try to be as simple as
possible; the aim is not to show y’all what I know it is to show you what is profitable.

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Episode 3

CANDLESTICKS PATTERNS
We have a large number of candlesticks in forex trading that you may go out there waste
your time by reading about them like I did, here I am going to show you only the ones that
are recommended and used by a large number of forex traders including myself.

MOST IMPORTANT CANDLESTICK IN FOREX TRADING

Please note that I am going to start by showing you the BEARISH CANDLESTICKS, therefore
these are the candlesticks we have to check at the RESISTANCE LEVELS in order to take
short positions in the market.

1. DOJI

(a) Dragonfly Doji (b) Doji (c)Gravestone Doji

(a) Is considered as Bullish depending on the location in which it forms, e.g we cannot
call it a Bullish if it forms at the middle of the market that is trending down, but we
must find it at the support level
(b) Is considered as a bullish and also a bearish depending if it forms on the support or
resistance
(c) Is considered as Bearish candlestick, therefore when the market is trending up, find a
resistance and the Gravestone doji appears, You must know that a reversal is
imminent

Now it is the time to let the picture speaks for itself;

In the picture bellow you can see that the market was climbing, it found a Resistance level
and we can see a doji appearing, what happened next? The market sold off, a larger number
of pips than you can see in the picture bellow, you may check the time in my attached chart
and go to check if it sold for how many pips using your chart.

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 N.B We target previous lows for take profit and stop loss few pips above the high of
the Doji to avoid being stopped out by market noise it must not be too close.

2. BEARISH ENGULFING PATTERN

Is a Reversal Pattern formed of two candlesticks, like the name imply the 1st candle is
completely Engulfed by the second candle in both bearish and bullish pattern. They
may be found in real charts as follows:

(a) Bearish Engulfing pattern (b) Bearish Engulfing pattern

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 3. SHOOTING STAR AND HANGING MAN

(a) Bearish Reversal Pattern, may be black or white, colour doesn’t matter but location
 A long upper shadow is at least twice of the real body.
 Has a small Lower shadow or not at all.
 A Shadow formed represent higher prices rejection.
 A Black or Red Shooting Star is more bearish than a White or Green one.
 The Price will usually trade bellow the real body, therefore it is important to
put our Stop Loss few pips above upper shadow.
 We look for them at Resistance Level to Sell.

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As I am still writing this eBook look at what I just found in my MT4,

The GOLD went down as anticipated; I did not take this trade because of money
management reasons (to be found in episode 11). This book is for helping traders to become
good anticipators and not just good in anticipation but in to become profitable as well.

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(b)Hanging man

(b) Bearish Reversal Pattern, may be black or white, colour doesn’t matter but
location
 It has a long lower shadow and small upper shadow or no Upper shadow at
all.
 Lower shadow is at least twice of the real body.
 A Black or Red Hanging man is more bearish than a white or green one.
 A Hanging man is not considered as bearish as Shooting star as it shows that
the bulls tried to drive the price up.
 We look for them at Resistance Level to Sell.

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N.B: Stop loss must be placed above Resistance line; it must not be too close
because the market noise will take the trades out at the loss if it is too close.

Target previous lows for take profit, or just trail your trades. We will learn
more about trailing at the end of this book.

4. Bearish Railway Track Pattern

 The Candlesticks are congruent, you may think of them as reflected candles.
 These candles represent higher prices rejection, what I noticed when these
candles happen on 4H Timeframe the Shooting Star forms on D1.
 If you trade on Binary options and they form on M1 Timeframe, usually a Doji
Happens on M2.
 We must look for them in the area of Resistance to go Short.

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A picture below shows how you can trade these types of patterns we do not just trade them
anywhere but we check them at R-Level for high probability trade. The trade below may be
confusing to the novice and indicator traders. It is simple in this case a broken support had
become a new resistance, that’s why I went short but the trade did not hit my profit target, I
got stopped out by trailing stop.

5. Spinning Tops

 Small bodied candlesticks with upper and lower shadows.

 Like a Doji, they signal indecision in the market .
 Spinning tops can be continuation candlestick patterns or reversal candlestick
patterns it depends on the location in which they are found.
 We must look for them at the area of Resistance to go short, and look for them at
the area of Support to go long. N.B I made their demonstration simultaneously
because they look alike.

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6. Bearish Harami/Inside Bar

 Bearish two candlestick pattern.

 1st candle is long and the 2nd is completely contained in the body of the 1st candle.
 I like calling it an Inside Bar, so do not be confused late in this book when you find a
term like an Inside Bar.
 This is the candle I have taken most of my trades based on, I find it powerful.
 We must consider them at the area of resistance, they tell us that the market is
about to sell short.
 When they appear in a trending market they tell us a trend may still continue.

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7. Evening Star

 Bearish three candle reversal pattern.

 1st candle has a long bullish candle.
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  Markets gabs up to the 2nd candle, a small candle or doji candle (either colour), it
basically shows a possible loss in momentum of an uptrend.
 3rd candle is a long bearish candle.
 We must look for them at the area of Resistance to go short.

8. DARK CLOUD

 Bearish two candle reversal pattern.

 1st candle is a bullish candle.
 2nd candle is a bearish candle, it opens above and closes in the lower half of the 1 st
candle real body (the close in the lower half is the important part).
 The open of the second candle does not always need to be above the 1st candle
close.
 The close in the lower part means the bears won the battle; we must expect the
price to continues dropping.
 But this is not as bearish as the Bearish engulfing pattern.
 The price tend to trade below the real body of the bearish candle.

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Now we are going to look at the Bullish candlesticks which are more less the same as
Bearish candlesticks, the only difference is that it is the opposite of the above. I know you
are tired of these confusing things now, just like me when I was still studying them, but
guess what? I was not profitable until I told myself to study them properly. My trading went
from zero to hundred real quick, so I started preaching candlesticks to my friends, realising
that their results changed after knowing candlesticks I felt like I should be preaching
candlesticks more. I would waste your time telling you about the history of them but that is
irrelevant to you and me too. I wasted my time studying every useless thing like studying
what each indicator does for about a year because I was doing it without a mentor. I must
not waste yours too. I have already wasted yours a little bit by being side tracked.
Now back to business 

BULLISH CANDLESTICKS

These are candlesticks that tell us that the market is about reverse long, when the market
was trending downwards and it finds an area of support, you must be expecting to see these
candlesticks for reversal. Once they appear you know it is time to BUY or GO LONG.
Therefore these are candlesticks we find at SUPPORT LEVEL to GO LONG. Please note that I
won’t be showing Stop loses and Take Profit in this section and also I won’t talk about the
Doji and Spinning top as they are covered above, you must go back and check them in case
you expected me to talk about them in the Bullish part.

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1. BULLISH ENGULFING PATTERN
(a) Bullish engulfing (b) Bullish engulfing

 Bullish two candle reversal pattern.

 1st candle has a smaller real body.
 2nd candle completely engulf the 1st candle body.
 It can be found in two appearances like I have showed you above.
 According to my two years’ experience, this is the most strong and prevailing
pattern, I have taken so many trades based on, dojis, Haramis and a hammer others
are just seldom appearing, but they are there and working.
 We must look for them in the area of SUPPORT to go LONG.

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2. HAMMER AND INVERTED HAMMER

(a) HAMMER

 Bullish single candle reversal pattern.

 Market ideally gaps down to a hammer candle.
 Colour may be either red or green.
 Lower shadow is at least twice of the real body.
 It has a small upper shadow or no shadow at all.
 A white hammer is more bullish than a black one, due to the bulls ability to force
price close above the opening.
 The price usually trade above the hammer making us put our stop a few pips bellow
the tail or wick.
 We must look for it in the area of SUPPORT to go LONG.

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(b) INVERTED HAMMER

 Bullish single candle reversal pattern.

 Market ideally gaps down to an inverted hammer candle.
 Colour may be either red or green.
 Upper shadow is at least twice of the real body.
 It has a small lower shadow or no shadow at all.
 A white inverted hammer is more bullish than a black one, due to the bull’s ability to
force price close above the opening.
 The price usually trade above the hammer making us put our stop a few pips bellow
the tail or wick.
 It is not considered as bullish as the hammer.
 We must look for it in the area of SUPPORT to go LONG.

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3. BULLISH RAILWAY TRACK

 The Candlesticks are congruent, you may think of them as reflected candles.
 These candles represent lower prices rejection, what I noticed when these
candles happen on 4H TF the Shooting Star forms on D1.
 If you trade on Binary options and they form on M1 Timeframe, usually a Doji
Happens on M2.
 We must look for them in the area of SUPPORT to go LONG.

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4. BULLISH HARAMI/INSIDE BAR

 Bullish two candlestick pattern.

 1st candle is long and the 2nd is completely contained in the body of the 1st candle.
 I like calling it an Inside Bar, so do not be confused late in this PDF when you find a
term like an Inside Bar.
 This is the candle I have taken most of my trades based to on, I find it powerful.
 We must consider them at the area of SUPPORT; they tell us that the market is
about to GO LONG.

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5. MORNING STAR

 Bullish three candle reversal pattern.

 1st candle has a long bearish candle.
 Markets gabs up to the 2nd candle, a small candle or doji candle (either colour), it
basically shows a possible loss in momentum of a downtrend.
 3rd candle is a long bullish candle.
 We must look for them at the area of SUPPORT to GO LONG.

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6. PIERCING BULLISH PATTERN

 Bullish two candle reversal pattern.

 1st candle has a black real body.
 2nd candle opens bellow and closes in the upper half of the 1st candle body.
 This is not as bullish as Bullish engulfing pattern.
 We must look for them at the area of SUPPORT to GO LONG.

Now here are some couple of pictures I made while I was

indicating the importance of candlesticks to my friends, they may
be beneficial to you. Look at them with the knowledge that you’ve
just learnt about candlesticks. Once you noticed how powerful
what I am sharing is PLEASE GO TO YOUR MT4 AND MARK
SUPPORT AND RESISTANCE LEVELS THEN BE ON THE HUNT OF
THESE CANDLESTICK PATTERNS. THAT’S THE ONLY WAY YOU
WILL BE CONFIDENT ABOUT THIS TECHNIQUE, PRACTICE IT ON
DEMO.
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 PICTURE 1

PICTURE 2

NOW THAT’S ENOUGH SO PLEASE GO TO YOUR MT4 AND MARK

SUPPORT AND RESISTANCE LEVELS THEN BE ON THE HUNT OF
THESE CANDLESTICK PATTERNS. THAT’S THE ONLY WAY YOU
WILL BE CONFIDENT ABOUT THIS TECHNIQUE, PRACTICE ON
DEMO BEFORE GOING LIVE.

ALWAYS REMEMBER THAT WE CHECK FOR THEM AT S-R LEVEL.

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Episode 4

CHANNELS
Channels are more less the same as support and resistance, the only difference here is that
channels are the path that the price follows. When I was still a beginner I used to call them a
road in which the price is moving. Imagine you are driving a car and you are still an amateur,
what happens? You drive a car left and right and your concentration is to move within the
road and continue moving forward. That’s how the price behaves in channels.

We have three types of channels

1. Up channel
2. Down channel
3. Sideways channel

Now let’s look at the pictures below, I believe they are like action because they speak louder
than words.

We are going to start by looking at an Up channel.

Just like I tried to explain with an example of an amateur driving a car in a road, look at what
the price is doing. It hits left and right, so we capitalise on this behaviour, if the price has
respected an area twice, we assume it will respond to that area again.

This is a support and a resistance on a diagonal basis. This is how channels are created, you
must click on a trend line, connect two points low and high, the lines must extend so it will
guide you to anticipate what will happen next (It is not necessary for them to be parallel).

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#Rules to trade channels
 When the price reach your bottom line you must expect it to go up = BUY/GO LONG.
 When the price reach your top line you must expect it to go down =SELL/GO SHORT.
 Stop loss few pips outside of the channel lines or few pips below reversal candle.
 Take profit must be on an opposite line.
 It is important that you wait for the price to reach the line before trading.
 Now back to episode three YOU MUST ALWAYS WAIT FOR REVERSAL
CANDLESTICKS TO BUY OR SELL. 

Check at what happened after. The price formed a Bullish engulfing pattern and rallied up
without going back below it.

 I know you are smiling right now like “Wow this is really working I am going to escape
my losing streak” this is just the beginning, anyway indeed it is powerful you will also see it
for yourself as you practice on your demo account or back testing.

2. Down channel

This is just an opposite of the above; with a channel like this you must be careful with your
Buy trades as you can see it is a sharp down trend or channel.

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Now look at this channel below, compare it with the one above. You will notice that it gives
good opportunities both sides, the market was moving up and down at a range of 200-260
Pips (those who doesn’t know what are pips must contact me for free Basics’ eBook). This
channel is slightly a sideway channel but for the fact that the trend line was drawn at an
angle, it is a down channel.

Look at the lines I’ve drawn inside the channel, I was not analysing properly, I was just
making an example of how you may anticipate of what will happen in the future and this is
how it is done actually. ALWAYS WAIT FOR REVERSAL CANDLESTICKS TO TAKE TRADES.

#RULES

 When the price reaches your upper line you SELL.

 When the price reaches your bottom line you BUY.
 Put a stop loss outside the line preferably few pips above the bearish/Bullish pattern.
 Take profit must be on an opposite line.
 It is very important that you wait for the price to reach the line before trading.
 WAIT FOR REVERSAL CANDLESTICKS FOR CONFIRMATION.

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Now here is my golden rule about trading channels. In a down channel you must be hunting
for sell signals even though you may buy and be profitable, just remember one thing, a
down channel symbolise a downtrend. Up channel for uptrend, we do not want to be in
trades where we trade against the trend, therefore to turn the odds in our favour, we must
BUY for Up channels and SELL for Down channels.

3. Sideways Channels

This is a channel that we have already covered in episode three but I have to repeat it
because in this section I talk specifically about channels. This channel is slightly different
from the above mentioned channels; we do not need two points to make this channel. One
point is enough; we simply draw a horizontal line on that point, when the price reaches that
line expect it to bounce off, wait for reversal candlesticks and take trades. Pictures Speaks
louder than words.

#RULES

 When price reaches the upper line we sell, putting our stop loss above that line.
 When the price reaches the bottom line we buy putting our stop loss few pips bellow
the line.
 It is important that we wait for reversal candlesticks to take trades; they serve as
confirmation of what we are anticipating.

Episode 5

Breakouts
Episode 5 is a continuation of episode 4.

So we were talking about an amateur driving a car in a road right, who said he was driving in
a tunnel? No one, so there are no walls or concrete that forces the car to stay on the road.

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Look if someone is a bad driver they lose control and the car loses the road, the same for
price. The price will trade in a channel and eventually lose control and break from that
channel. So this episode will give us the heads up on what to do if the price has breached a
curtain channel.

Once the price breaks the channel you do not know what to do? This section will help us
know what to do. This is a technique used by most of winning traders; I believe it will work
for you too.

Look at these pictures below and apply what I have told you, then be ready to add
something new again in your tools box, the price eventually lose/break its road. This is a
trade I took, I closed early for different number of reasons that we will be aware of as soon
as we finish reading this eBook.

As a trader you must be aware that not all trades will go on your direction even if you follow
the rules properly.

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Look at the picture above you will know why I bought if you were not just reading the
previous episodes, but the trade was against me, I saw this coming I closed at profit of less
than 10 pips.

Now let’s look at what to do if the price breaks the channel. This section will help you
maximise your profits without waiting for the market to create another channel again.

The basic rule is that the price will keep away from the channel after it breaks it, meaning
if it breaks it downward it will keep falling, if it broke it above it will keep rising.

We have two type of breakouts.

1. Breakout and Retest

2. Immediate Breakout

Breakout and Retest (Pullback Set Up)

Breakout and retest is when the price breaks the trend line or channel line and come back
before it continues going down or up. Here are some examples of how it looks like:

1. 2.

Now look at the picture bellow it represent sketch number 1. As you can see the price
breaks the channel and comes back to it before it trades low and low.

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Here is a picture of a price breaking out a trend line not a channel, so far I hope you can see
how the secretes I am revealing are so powerful.

Now look at a clearer one and a bit different one, it is still a breakout and retest. Always
remember that the more the formation of candles after a breakout, the higher the chances
that it is a true breakout. You should be writing everything that I bold down in your note
pad this is serious business that I am bolding.

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#RULES FOR BEARISH

 Wait for candlestick that is very close to or almost touches or touches or break the
broken trend line and may close above it during its temporal upward pullback.
 Place your Sell Stop order a few pips under the low of the candlestick that intersect
the upward trend line for added confirmation.
 Place your stop loss a few pips above the high of the candlestick which you have
placed your pending order.
 You must ideally use reversal candlesticks for even more added confirmation.
 Target previous troughs for take profit.

Breakout and retest running trade.  With price action banking pips is not
a problem. I do not like speaking amount of profit in dollars because people
who will be reading this eBook have different account sizes.

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Bullish Retest (Sketch Number 2)

Now let us look at Bullish Breakout and retest. I put so many pictures because I want you to
go back to this eBook when you see that you are doing something wrong.

Here is a picture of a price breaking out a trend line not a channel, so far I hope you can see
how the secretes I am revealing are so powerful.

#RULES FOR BULLISH

 Wait for candlestick that is very close to or almost touches or touches or break the
broken trend line and may close below it during its temporal downward pullback.
 Place your Buy Stop order a few pips above the high of the candlestick that intersect
the downward trend line for added confirmation.
 Place your stop loss a few pips below the low of the candlestick which you have
placed your pending order.

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  You must ideally use reversal candlesticks for even more added confirmation.
 Target previous peaks for take profit.
2. Breakout (Immediate Set Up)

This is where a price just breaks and immediately continues trading lower or higher without
coming to re-test the broken trend line. Look at some examples bellow.

1. 2.

Let us look at the breakout to the downside, as you can see that the price broke the
channel and kept on falling without coming back to the channel again, the opposite is true
for breaking of channel to the upside, but you will see an image bellow.

Here is a picture of a price breaking out a trend line not a channel, so far I hope you can see
how the secretes I am revealing are so powerful.

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#RULES FOR BEARISH
 Wait for the candlestick that intersect or breaks the upward trend line to close below
the trend line (it must not be too long).
 Place a Sell Stop order a few pips below the low of that candlesticks.
 Set your take profit target within the previous significant troughs.
 Set your stop loss a few pips above the high of that candlestick.

Now look at a break of a channel to the upside, the price keep on going high and high
without coming back to the to the channel. When we see behaviour like this it is important
that we capitalise on it.

Now here is what important, breakout does not only qualifies in channels, even if you draw
a single trend line when that trend line is breached we must know that the price will keep
falling or rising here is an example of what I am talking about.

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#RULES FOR BULLISH
 Wait for the candlestick that intersect or breaks the downward trend line to close
above the trend line (it must not be too long).
 Place a Buy Stop order a few pips above the high of that candlesticks.
 Set your take profit target within the previous significant peaks.
 Set your stop loss a few pips below the low of that candlestick.
Do you notice a flipped Head and shoulder (next episode) on a picture above? Just look at
how the price moved  if you do not see it train yourself to spot it and thank me later.

You can see now that the breakout strategy is powerful. You can see that if it happens the
price goes away from the area it was trading and not come back for days, even months.
Look at the last example here on breakouts;

Notice in the picture above it is written D1 but it is 30 minutes chart? You must always do
this: when you see a set up on D1 visit H4,H1 and go down until M1. Reason being; we must
look at the time frame with a good entry and enter a trade in that time frame. D1 timeframe

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is stressful if you just open a trade on it. You must enter on a smaller time frame but analyse
on bigger time frame. With this being said I come to a point on which time frame is good for
breakouts, all are good but I love H1 Breakouts. Always open trades on smaller time frame
for bigger time frame set ups.

There are 2 problems with breakouts; WE DO NOT KNOW WHEN IT WILL BE A FAKE
BREAKOUT AND WE DO NOT KNOW IF IT IS AN IMMEDIATE SET UP OR A RETEST SET UP.
The solution here is a stop loss that is being placed at a right place; do not be scared to
enter on retest set up after you were stopped out trying to take an immediate trade set up.

Episode 6

Chart Patterns (Signals that breakout is about to happen)

(a) Reversal Chart Patterns

These are not candlesticks patterns but they are chart patterns, we have studied a lot of
things, now that we have introduced a topic about breakouts let us look at these following
chart patterns you may capitalise on using a breakout. When you see such patterns you
must know that a breakout is imminent. We keep on getting deeper; I hope you were
reading with understanding the previous episodes. This will be a long episode I made it
comprehensive and simple one do not worry about capturing on long episodes.

The red lines are representing your trend lines, by looking at the sketches you can see that
we actually supposed to be buying or selling at breakout but I do sell or buy. before
breakouts it comes with experience.

1. Double Top

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Usually when the price forms this chart pattern it drops greatly, it usually break a trend line
and horizontal lines, we should be careful when we are trading this kind of set up because
there is still a triple top. The price may go back to the tops before it drops drastically.

2. Head and Shoulder

The red perpendicular lines show us how we may target profits in head and shoulder
pattern. The distance from the head to the neckline is measured and used to anticipate the
distance that the price may still trade. We sell at breakout of neckline and use the distance
from Head to Neckline to set our take profit.

3. Triple Top
Now look at what I was just telling you, the price may reverse and go to re-test the top for
the third time to form a triple top. The price drops drastically after a triple top or double
top. But with that being said it is important to know that it is not important to hold the
whole move, hence the exits are more important than entries if you want to hold as big

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move as you can you may just use the trailing stop, the goal in trading is to protect an
account and make money on easy trades.

Look at the screenshot below; you can see that the price dropped greatly after the
formation of a triple top. Always expect large pips after a double top and a triple top.

Look at how episode three at work performs  plus a triple bottom.

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Look at the pictures above recall everything we have done, Breakout and
retest, candlesticks, support and resistance, triple bottom/top wedges etc.

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4. Flipped Head and Shoulder

5. Wedge Patterns

We all can see clearly that the price indeed make these patterns before
moving drastically, as price action traders (including you) we have to position
ourselves and capitalise on these reversal chart patterns and make some
pips.

(b) Continuation Chart Patterns (Breakout patterns)

I won’t talk too much about these patterns I will show you the pictures only; the rest is your
work as a trader to work it out on your own. I have grown you up enough now. Remember
that the profitable traders were not helped by their mentors to be profitable but they were
helped by their mentors on how they may help themselves. This eBook is your mentor to

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teach you help yourself, You actually do not need a mentor in forex you just need to study
the right information and this eBook is the compilation of information you always needed.
Remember that we are still dealing with breakouts. You would ideally look for these chart
patterns at Support or Resistance (Diagonal or Horizontal) for high probability trades.

Now look at the picture bellow you can see how you may apply everything that we have
done all together.

1. We see a trend line

2. We see a breakout
3. We see triple top
4. We see a wedge

Do you notice how does the market move after each of it forms? Recall everything we have
studied above and you will see you would’ve made some dollars if you already knew about
these things.

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THE OPPOSITE IS TRUE FOR BEARISH FLAG AND RISING WEDGE, WE MUST
IDEALLY BUY AT BREAKOUT FOR CONFIRMATION.

(c) Bilateral Chart Patterns (Breakout Chart Patterns)

These chart patterns means a price may go either way, when you see them you must be
ready to take breakout trades, other books recommended that we must set Sell Stop and
Buy Stop 10 pips away from current price on both sides. I usually know where the price will
go, therefore sometimes I sell or buy before breakout, there’s no magic behind it, I just read
what candlesticks are telling me and take trades for better risk reward ratio.

Triangles means a market consolidation therefore price usually shoot after these set ups. I
like them because I have never got any trade wrong trading them.

This was the trade I took earlier this year, look at how the price formed a triangle, and then
it broke out and rallied up and gave me a new entry for more profit . So you see with price
action you may grow an account no matter how small it is because you actually know what
the price is going to do, it is better than just waiting for some indicators to crossover, the

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market gives you set ups all the times. With this being said, it doesn’t mean it is a holy grail,
if you’re looking for one, you better quit Forex, there is no 100% strategy in Forex Trading.

The following was the trade I took based on Symmetrical triangle; I like this one for no
reason maybe it is because I have made profitable trades based to it a lot more times
compared to other triangles. I hope you also see that the price was trading in a channel, so
you see how channels are broken? You better always put that stop loss; it must not be too
tight because you will be stopped by fake breakouts (to be found in the next episode).

It is also important to hold trades, do not rush to close because of profit. You must learn
closing because of technical analysis or wait until your trailing stop is hit. We will talk more
about trailing stop in episode 11 if you want to understand it now you may jump to episode
11 and read under trade management, then come back here and continue watching your
series.

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Breakout will save you from fake set up or traps, I always wait for them, horizontally or
diagonally. If you feel impatient to wait for a breakout on bigger timeframe just switch to
smaller time, preferably M15 and M30 you will see something and shoot there.

Look at the pictures below and tell me why you will not wait for breakout for confirmation.

By looking at the things, this was a sell signal, recall what you studied above so you will
agree with me.

Look at the picture below, things went north. I hope you can now see how important it is to
wait for breakouts instead of just shooting immediately after anticipating a sell or buy. I
found all of these pictures in my trading record. Make sure you create yours, the progress
will be amazing. Write why you take a trade (before) and write why you close a trade
(after), you may also write why you did not take a trade you were willing to take, even if you
have years of experience. This is a business and there is no successful business without
Record Keeping, make a research why are logistics truck drivers always carry a paper with
them and you will know why supermarkets are so consistent in profitability and not falling
even during their loses. I hope you can see the reason why I sold in the image bellow.

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Episode 7

Fake breakouts
N.B THIS EPISODE IS WTRITTEN BASED ON MY EXPERIENCE, I DID NOT STUDY IT FROM ANY BOOK,
SO USE THIS INFORMATION AT YOUR OWN RISK. I NOTICED BECAUSE I AM A BREAKOUT TRADER,
WHENEVER I GET STOPPED OUT, THE PRICE WOULD KEEP ON GOING AGAINST MY ANTICIPATION
WITH A LARGE NUMBER OF PIPS. I ALSO NOTICED THAT WHEN A FAKE HAPPENED, USUALLY
THERE’S A REVERSAL CANDLE ON BIGGER TIME FRAME, LIKE THE HAMMER, DOJI, RAILWAY etc.

The fake breakout is there and we won’t be able to tell if the market will make a fake
breakout or not. Here is a thing about them; a fake breakout on H4 may be a reversal
candlestick pattern on D1, so when it happens you have to switch around between
timeframes you will see something. Let’s say maybe you are on H4 and you see a price
breaks below support line like in the image below, and you notice that the price come back
and trade to its range, what will you do, I personally see an opportunity and trade because if
the price make a fake breakout it continue with its original move.

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Look at what happened after; the price continued going north even though it broke the
support line. Another thing that made me take this trade was because I saw a bullish
engulfing pattern; this was a great day for me because even GBPCAD blessed me that day.
There were fundamentals that were highly volatile; I didn’t know anything about them I was
just surprised that all the GBP pair’s trades hit the target in a short period of time and my
brother who is a fundamental trader actually told me why. That is the power of Price Action,
we analyse put our stop loss at the right place, if there are news coming they do not affect
us badly if they are against us they stop us out, being stopped out is not a problem a proper
risk management is necessary (to be found on episode 11). It is very important that we
must check the news before trading to position ourselves we do not trade them.

Now look at what I was saying; this is the same currency pair just that the screenshot were
made in different times.

H4 CHART

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D1 CHART

Weekly Chart
By looking at the weekly chart and daily chart you may see that these things work together,
what is happening on smaller timeframes build what is in bigger times. Therefore it is very
important that we do not trade against the trend on D1. You must always remember that as
a Price Action Forex Trader. N.B. WE DO NOT LOOK FOR A TRADE ON INTRADAY CHARTS
UNLESS IT IS TRADING ON A BIGGER TIME FRAME SUPPORT OR RESISTANCE LEVEL.

Look at this fake breakout below, you can now tell that indeed the price rise strongly after a
fake breakout. I do trade fake breakout, and put stop loss below the Swing low or high.

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Anyway why did I buy here?  1st reason is a fake breakout (The price will keep on trading
higher-Away from fake breakout point). I hope you can see that this is actually working but
you must buy as close as possible when the price break coming from fake breakout to trade
in its original range [BE MINDFUL OF BIGGER TIME FRAME BEHAVIOUR]

Here are some few reasons for Revision.

1.Change of polarity Resistance becomes new Support

2. Hammer At a support level
3.Higher Highs and Higher Lows Meaning it is an uptrend

Now here is how I trade fake breakouts, if the price breakout, it means it will continue
falling or rising when it fails to rise or fall after channel or trend line breakout, it comes
back to the channel in which it was trading, once it does so; always know that it is normal
that the price will continue trade within that channel. A fake from the lower side will keep
on rising; a fake from the upper side will continue to drop. Look at the picture below to see
what I am talking about.

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#RULES

 Wait for the market to form a fake breakout, in case you sold or bought
a breakout: your stop loss will be hit.
 Wait for the market to form at least 3 to four candles inside a line that
was broken (it might happen that is it is a temporal pullback or retest).
 Buy when you realise it is a fake breakout.
 Put Stop Loss bellow the breakout swing point.
 Sell when you realise it is a fake breakout.
 Put Stop Loss above breakout swing point.
 Ensure that there are reversals candlesticks outside a channel line do
not just trade, this strategy is against a breakout strategy so be careful.

Episode 8

Fibonacci with PA
What Is The Fibonacci Retracement Tool?

This tool is a series or sequence of numbers identified by a guy called Leonardo Fibonacci in
the 13th Century. I could waste your time by telling you how the numbers in the fib tool are
derived but it is not important. So what actually is a Fibonacci Retracement? In technical
analysis Fibonacci retracement is created by taking two extreme points (usually a major
peak and trough) on your forex chart and dividing the vertical distance by the key Fibonacci
ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal
lines are drawn and used to identify possible support and resistance levels. The two fib
levels I use the most are the 50% and the 61.8%. I really do not focus at all on the others. If
you are using metetrader4 Trading platform, the Fibonacci tool has an icon as shown on the
chart below:

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Anyway would you tell yourself why I bought here? I won’t tell you. One reason was bullish
engulfing pattern. Find yourself for the rest of the reasons.

How to Use the Fibonacci Tool On Metatrader4

It is actually a very simple 3 step process:

Step1: find a peak (upswing point/resistance level) and a trough (downswing point/support
level)

Step2: Click on the Fibonacci tool icon on your chart. For the next steps, it is all click and
drag process…

Step 3a: In a downtrend market, you click first on the previous peak where you want to
analyse from and drag down to the trough where price reversed from and release.

Step 3b: In an uptrend market, click and drag first on the trough up to the peak and release.
That’s how simple it is to draw Fibonacci retracement levels on your charts. On the chart
below notice that price formed a peak and then moved down, found support and formed a
trough, and price went back up:

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At around the 61.8 fib level, it starts to slow sign of losing the upward steam. You can also
see the bearish hanging man and harami candlesticks which could have been used as a
signal to go short (sell). Can you buy or sell just based entirely on the fib numbers like 50%
or 61.8% as soon as price reaches these levels without price action? Well, I think that there
are traders out there that do that and you can do that. But personally, I do not like that
approach. I’d rather combine Fibonacci with reversal candlesticks, trend lines, support &
resistance levels etc. for trade entries. Let’s study the past… here’s an example of how to
trade Fibonacci with price action in an uptrend. Notice the Harami and Hammer candlestick
right at the 61.8% level which could have been used as a buy signal:

Now you can see it for yourself that these secretes I divulge here are actually working, I
usually like to show picture where I have taken a trade based to a curtain episode look at
the picture bellow and look at the reasons to sell here, there were plenty of them. I
normally state all the reasons why I take a trade so that when it turns out to be against me

I chill and wait for the Stop Loss hit instead of panicking and worrying for defying the rules.

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Look at how the price failed to push through the area I marked with a Red circle, this means
that higher prices were rejected in that intersection and the price is respecting the trend
line. Noticed how the doji candle formed between 50% and 61.8% levels. These reasons
meant a short trade and just look bellow. I closed early here because USDCAD started to
show me Buy Reasons.

Episode 9

Point of intersection (Confluence Point)

Levels or point of intersection is where two or more levels intersect, e.g. a Diagonal Support
line intersects a Horizontal Resistance or Support line. When the price trade at this level it is
most likely that it will fail to break them. The picture below shows how intersections of
levels (support or resistance) are affecting the price. This is a trade I took earlier this year
and I made a larger number of pips from it; that is the power of Price Action, we make pips
effortlessly-we just apply the rules and chill without waiting for fancy and also lagging
indicators to tell us something late. I used to call these set ups a “SURE SHORT” when I was
explaining them to my friends until I blew an account with one set up like this because
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I risked it all, the pair was NZDUSD, but they are still powerful set ups that I like trading. I
NORMALLY WAIT FOR CANDLESTICKS BEFORE I TAKE TRADES FOR CONFIRMATION.

I did not hold the whole move, hence I have entry and exit rules and I do not worry if the
price keeps on trading on my direction, look at what happened, the price ran away from the
intersection of trend lines for months. I hope you can see how powerful this secrete is.

Here is another picture of the trade I took and made 150 Pip from. Pardon me for non-
uniform pictures I used to use black charts because I was still a student I used to trade
mostly in the night, therefore I was trying to protect my eyes from any possible damages. I
like demonstrating with a picture where I took a trade to make you realise that I use and
trust these techniques.

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Look at the picture bellow and just see how to play around with price action and
intersection of levels.

1. Double top would give you the signal that something is about to happen.
2. Breakout of the Higher Low would tell you something is happening.
3. Breakout of a trend line would tell you something is still happening.
4. Retest would tell you something will continue happening.
5. 61.8 fib levels would tell you that this “something” is indeed happening.

This is how I look for high probability trades I do not just trade, I follow the rules strictly. My
results are always blue for these reasons; I am a patient price action forex trader.

FOR MORE CLARITY IN FOREX KINDLY CONTACT ME ON MY

NUMBER (DO NOT CALL ME) I WILL HELP YOU BECAUSE A
BOOK ONLY SOMETIMES IS NOT CLEAR ENOUGH.

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Episode 10

BINARY OPTIONS
Binary Option is exactly like Forex in terms of price, Bulls, Bears (Bullish and Bearish
Candlesticks) etc., etc. and etc. The only difference is that we do not hold just like in forex
trading.

Here we do not buy when we anticipate that the price will go up but we CALL

To maximise my profits I trade the same currency pair with two of my strategies at the same
time, they can be used and mixed together like I did below, I only trade when they give me a
signal at the same time. When I get a signal from one strategy I do not take it because it is a
low probability trade.

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When we anticipate that the price will be falling we do not SELL but we PUT

To maximise my profits I trade the same currency pair with two of my strategies at the same
time, they can be used and mixed together like I did below, I only trade when they give me a
signal at the same time. When I get a signal from one strategy I do not take it because it is a
low probability trade

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Look at this entry here. 

Look at this entry. 

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Look at this entry. 

Look at this entry. 

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Look at this entry. 

Look at this entry. 

Heard and shoulder pattern also work in binary actually all chart patterns, but you have to
know your story. My indicators know the story I wait for them to tell me when it is the right
time for the story to happen. That’s enough showing of history. If you still doubt my strategy
go and buy the one you trust for $200 or simply buy this eBook at a cheaper price and
qualify for free binary mentorship and strategy.

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Compilation of the History

I trade real and verified accounts (Dollar and Pounds) but I do visit demo after reaching my
daily goal on real. Patience and risk managent is very important in binary and forex.

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I trade like this and I win 90% of my trades. I traded demo for 5 months in IQ Options,
everyday including the weekends, I was trying different strategies I got online, they were
not working for like 2 months, when I made a research as to why they do not work, I was
told that those strategies are manipulated they do not make consistent wins, I then started
working on creating my own strategy, it took me three months. Therefore it will be stupid of
me to make my strategy fly on PDFs online. It will be manipulated like the one I shared for
free online around 2016, it never worked again I created a new one that would back it up.

Please note that there is no eBook I made for the strategy. I know I will be weak and share
it because I am generous, but if you bought this eBook from me I will be prepared to give
you two strategies that I use together and mentor you in Binary Options until you are
capable of trading on your own. If you took it from a friend DO IT FOR YOUR SELF
GOODLUCK. IT IS EASY JUST PLAY ARROUND WITH SETTINGS OF INDICATORS IT WILL BE
ACCURATE ONE DAY TRUST ME OR WAIT FOR A FRIEND TO TAKE THE ONE I USE AND
SHARE WITH YOU LIKE HE SHARED THIS EBOOK WITH YOU.

I recommend that you start with a minimum of $50-$75 to trade and Use only 5% or less of
your account as a risk. It is easy to grow an account with this approach. Every time you make
enough profit you must withdraw it unless you follow a strict money management plan.
Binary is not difficult it is just the money management that makes traders that lose money,
ask you self why you are profitable on demo and a loser on live account.

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This is what you must know; I am not a scammer so I will tell you the truth. I have made so
much money in binary using this system but there is no holy grail in the market. I have seen
people selling holy grails that will give red results like crazy. If you lose three times in a raw
with my system you must stop trading for that day because that means it not a good day for
the strategy. I will give you the good hours to trade this system and make enough profit
then stop trading for the day provided you follow the rules. In the picture below I made
three loses and one draw with this system.

I did not trade my real that day because I knew as I was losing on demo it was not a good
day for it (I take few trades on demo to check market behaviour for that period before I
trade my live and I win for that), so you must know that it is not a holy grail but you must
learn to position yourself and stop when it is necessary, This was my demo I trade it like my
real account when I am testing systems and when I have achieved my daily target but
allocated more time to trade. THEY KEY TO WINNING IN BINARY IS TO KNOW WHEN TO
STOP IF YOU ARE LOSING OR WINNING.

Demo is what I trade the most in binary, it is very important to trade it if you are like me,
that is how I develop strategies. I trade demo any hour of the day, make time and day
records in my Microsoft word record file, but with my real account I know when it is the
right time to make less losing trades and more winning one. I am just not rushing anywhere.
If your forex account sometimes takes a week to achieve 10% of it why would you want to
make a 1000% in one day when you are trading binary? Ask yourself, train your mind that
this is an investment like any other and be patient. DO NOT BE GREEDY, DO NOT ACT CRAZY
AND CONTRAVENE THE RULES BECAUSE YOU WANT FAST CASH.

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It is indeed fast cash, I funded my forex account with binary profits but you must know what
you are doing. When I need fast cash I can fund my account with $10 and risk it without
following my plan sometimes I risk 50% of the account like in the image below. N.B. ONLY
DO IT WHEN YOU KNOW WHAT YOU ARE DOING (100% SURE-RARE THOUGH) AND YOU
AFFORD LOSING THAT $10 DO NO JUST RISK YOUR FUNDS.

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Episode 11

Money Management (Risk Management)

FOREX
This section is the most important in forex trading because without it you will never be a
profitable trader. Many traders think a good trader is a good anticipator, it is good being a
good trend anticipator but that skill without good money management a trader is dead. I
have helped you strategically now it is time I teach you a business.

A successfully business is the one that has risk and loss management plan. Every business
experience loses it is not just traders. Think of Coca-Cola truck crushing and have all of their
crates in a load stolen by community, what happens? They experience a loss but that is
something they were aware it may happen, it was therefore covered for. A good trader is a
trader that accept a loss with ease and continue being profitable with that loss. A bad trader
is a trader that is destroyed by one loss and start thinking of refunding an account after a
loss, I am 100% sure every trader wish to just fund an account once and make withdrawals
after, with secretes I have shared with you and good money management you will archive
that, do not be greedy by wanting to be a millionaire in a short period of time that will
happen in its time.

Please use the risk management below.

Leverage 1:500

$100-0.01 lot size per trade and run the maximum of 3 trades from different currency pairs

$200-0.02 lot size per trade and run the maximum of 3 trades from different currency pairs

$1000-0.12 lot size per trade and run the maximum of 3 trades from different currency pairs

As your account grows you may be wondering what lot to use, here is how to calculate it.

Formula: account size/8333

E.g.

(a) X=$100/8333

=0.01 lot per trade

(b) X=$200/8333

X=0.02 lot per trade

Do not be greedy. Use a same lot for a defined period no matter how good is your set up.

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Trade Management
A lot of traders make a mistake in trade management by being glued to the screen of their
computers, as if watching each candlestick forming will change the direction to which the
market is moving. Do not do that, the thing you may do is to check for an economic calendar
to check if there are no fundamentals related to the currency pairs that you are willing to
trade (NB We do not check the news to trade them, we check them to position ourselves).
Should it come to be clear, if you saw a set up on 60 minutes chart you may check your
trade after an hour. You do not have to worry watching every tick, which will stress you,
with this being said a Stop Loss must always be there.

You heard me several times saying “I trail my trades” this is what I meant; I set a trailing
stop by using the Lower Highs and Higher Lows. Another approach would be; if you usually
take 50 pips profit, instead of taking it you must move your stop loss (lock your profit) to
+30 pips a trade may still give you a profit of perhaps 100+ pips. If it hits a stop loss of + 30
pips, you must accept that +20 pips loss that you have already counted as your profit. The
market will be open again tomorrow and give you more than that. Check the picture below
for added explanation; I do not do trade management with a computer, I do it with a phone
so I couldn’t provide a picture with a real example of how it is done.

My objective goal as a trader is to grow an account, not to avoid loses but I manage loses
because we cannot actually avoid it, if we try to avoid it means we won’t trade at all. With
these strategies I have shared here you will grow an account provided you follow the rules
and you have a good risk reward ratio (to be explained next).

Risk Reward Ratio (I call it Triple R)

The first thing that comes to my mind when I see “triple R” is Lotto. Everyone knows lotto it
a game where we predict numbers and pay less than $0.50 to enter a competition but the
returns are tremendous. I mean who doesn’t want to risk a pen for a car as reward, but no

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one wants to risk a car for a pen. Now think of your trading account as a lotto gambling. You
do not risk $100 000 to get $0.50 return but you would like to risk $0.50 for $100 000. With
this being said I am trying to show you that you must risk less for bigger profits. A good RRR
is 1:2 RRR. This is how it works, if you risk $200 of your account you target to $400. Should
you lose $200 and win the next trade this means a next trade that you win will cover your
loss and give a profit of $200. It should be kept that simple but traders tend to ignore this.

I normally do not trade like that exactly but it is modified, this is how I do it; I risk 5% of my
account and target any possible profit using the trailing stop but I always make sure I move
my stop loss to lock profit as soon as possible preferably +20 pips profit. Look at the pictures
below;

 The Crimson colour (Reddish) is an amount of pips we are risking.

 The cornflower Blue colour is an amount of gain we are expecting.

Now look at the picture below, you will see clearly that we would be profitable and the
trade did hit the target, it is just that the screenshot below is something that I found in my
trading record. By looking at the things in this case our stop loss would be safe.

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Binary Options
Binary is a difficult way to make easy money. That is how I define it, do you know why? I
may teach you today I won’t even finish 30 minutes showing you how to do it. But you will
trade like I have never trained you. Reason is money in binary comes fast and you see an
account growing fast at a day. The faster the growth, the faster the fall. If it was that easy
no one would trade other markets. Binary is easy to trade but difficult to manage funds. If
you manage to make 10% of an account a day you should stop trading binary for that day.

I know you think I am crazy but it is what it is if you think you are smarter than me go there
and make 1000% you will see why I am warning you. I had someone I was teaching March
2017, after seeing what I shared was powerful he said he will buy a Golf 7 in June starting
from $10. Guess what he blew more than 10 accounts, so I want you to be disciplined and
respect binary like forex. I am not trying to say it is impossible. They do it I have seen most
of traders doing it, I once did it, it only comes with experience and the fact that you have a
backup in your bank account in case you lose, so you trade freely without panicking which is
also advantageous in trading.

Now take a look at what I did last year planning for a year in which I will be a full time
trader.

(a) MONTH 1 (b) MONTH 2 (c) MONTH 3

I had 12 months in this money management plan; I gave you three months for example. You
may use this plan also it is a good plan. No greed!!! at a long run you can see that you can
make serious money. Making cents a day is better than Blowing an account. Blowing an
account is better than having an account funded and scared of taking trades, I do not mean
you must blow accounts, I mean “trade fearlessly do not be scared of losing money”,
approach Binary with a positive mind-set, no high hopes and expectation but follow the
rules and the plan.

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Episode 12

Trading Plan
A good trader is a trader that trades with a plan, the truth is that you may study this eBook
up until you sing it but if you do not have a plan you will not grow in the trading business.

Every trader needs a trading plan here are some reasons why you need it.

1. Your trading System

 Your strategy, Price Action of course (stick to it like your spouse).
 You favourite currency pairs and pairs you do not like trading.
 The type of trader that you are.
 Pips or percentage you risk per trade.
2. Your trading routine
 When you will analyse the market and plan your trades.
 When you actually watch the market to take trades.
 When you will evaluate your actions during your trading day.
3. Your mind-set
 How you handle loses, learn to accept loses.
 How do you handle set ups, learn to shoot do not overthink.
 Try not to overtrade.
 Try not to hate yourself after a loss, forgive yourself.
 Try not to pay revenge on the market, wait for good trade set up.
4. Your weakness

List your entire problems here as a trader that you need to improve e.g.

 I overtrade when I have just lost a trade.

 I close trade according to profit not to technical analysis and regret later.
 I tend to chase the trades and forget my rules.
 I have a problem of risk management and RRR.
5. Your goals

A goal is to make money at last but this is not good at all in trading.

 A goal must be to stick to our rules.

 To develop a good response to losing trades.
 To trade what we see, not what we think.
 To be among the population that does not lose money in forex.

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 6. Your trading journal
You heard me taking about a trading record; keep records and screenshots of your
trades it really helps at the long run.
 Record why you buy or sell.
 Record why you are closing.
 Record at what of state of mind were you when you were trading.

Important Stuff
1. Do not put money in all trades.
2. Use the same lot size for a defined period.
3. Do not use 1 standard lot in 1 trade but use 0.20 lots in 5 trades (different pairs).
4. Stick to one system even if you are having a bad month.
5. Know that there is no perfect set up and manage risk properly.
6. Know that you will never know a trade that will make you lose money and risk less.
7. 3 loses a day requires a stop until the next day.
8. If you are winning do not think you know everything and risk big.
9. Be disciplined, approach trade number 3 with a same mind-set as trade number 1.
10. Know stop loss and target before executing a new trade.
11. Do not risk more than 5% of your account at 1 particular trade.
12. A stop loss must be 30 pips or less (It depends on risk tolerance).
13. Before trading always check the news to position yourself.
14. Learn to buy low and sell high and then hold (depends on exit rules and strategy).
15. Less is more; learn to close small profits if the market tells you that you are wrong.
16. Accept to be wrong early than late, move to the next trade with a healthy account.
17. Keep an eye on D1 if you trade intraday charts.
18. Use D1, H4 and H1 preferably (Depending on what type of trader are you).
19. Do not trade the news (do not execute), but its fine holding during the news.
20. Do not think twice, follow the rules, trade what you see not what you think.
21. Manage trades; exits are far more important than entries.
22. Learn to lock profits as soon as possible, give enough trade a room to breathe.
23. Play it safe do not be afraid to take small profit, accept what you are given.
24. Do not buy or sell on hear says, trust your own analysis.
25. Always wait for confirmation, do not gamble in the market.
26. Make sure that you know what you are doing.
27. A bad trade is not a trade that will make you lose money; a bad trade is a trade
that was taken not following your rules.
28. A good trade is not a trade that will give you profit; a good trade is a trade that
was taken following your rules.

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Episode 13

Motivation
I just added this section as a conclusion of this eBook I could write the whole book pushing
you to strive for performance excellence but this is not the aim of this book. The aim was to
make you a better trader. There are people who will just read this eBook and be successful
without contacting me, there are few who will read and contact me for some help and
become profitable and there are those who will read it and continue losing with it. Do not
be a loser read it and apply on demo like I have told you and revisit it, you do not have to
make a summary of this eBook. You cannot summarise the summary. Put your hard up in to
it, what you will become in a process is more powerful than a struggle you going to
experience as you working on becoming profitable.

Successful forex trading is possible without having an institution you just have to install
what I was sharing with you and you will be alright at a long run. Do not give up, if it was
easy everyone would be making money sleeping in his/ her bed but it is not so I need you to
endure. A winner is a loser that did not quit, be it.

REMEMBER THAT “AN EXPERT IN ANYTHING WAS ONCE A BEGGINER” AND NEVER GIVE UP

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