MASTER THE ART

O F T E C H N I C A L A N A LY S I S

LEARN THE SECRETS TO

PROFITABLE TRADING
Chapter 1- price action ...................................................................................4

The Bullish Engulfing candle .......................................................................................5

Test .........................................................................................................................6
Answer .....................................................................................................................7
BEARISH ENGULFING CANDLE ................................................................................8
Test ..........................................................................................................................9
Top wick .................................................................................................................11
test .........................................................................................................................12
answer ...................................................................................................................13
Low wick ................................................................................................................14
Flat candle stick ......................................................................................................15
example .................................................................................................................16
Chapter 2- patterns.......................................................................................17

Double top .............................................................................................................18

Explanation 1.1 .......................................................................................................19
explanation 1.2 ......................................................................................................20
explanation 1.3 .......................................................................................................21
REVERSAL PATTERN................................................................................................22
Explanation 1.1.......................................................................................................23
Explanation 1.2 ......................................................................................................24
Chapter 3- Market cycles .........................................................................................25
Accumulation phase ................................................................................................26
Mark up phase .......................................................................................................27
distribution .............................................................................................................28
Mark down phase ...................................................................................................29
Identifying different cycles .......................................................................................30
Chapter 4 - real analysis ...............................................................................31

Monthly chart .........................................................................................................32

Weekly chart ..........................................................................................................33
Daily chart 1.1 ........................................................................................................34
Daily chart 1.2........................................................................................................35
Daily chart 1.3........................................................................................................36
Daily chart 1.4 ........................................................................................................37
 4 hour chart ...........................................................................................................39
15 minute/ 5 minute chart / 1 minute chart ..............................................................40
Summary ......................................................................................................41

Chart time experience ..................................................................................42

How to perform a proper analysis ...........................................................................45

Finding the key levels ..............................................................................................46
Finding the key levels 1.2 ........................................................................................47
Finding the key levels 1.3 ........................................................................................48
Finding the key levels 1.4 ........................................................................................49
How we find the best trades ....................................................................................50
How we find the best trades 1.2 ..............................................................................51
How we find the best trades 1.3 ..............................................................................52
How we find the best trades 1.4 ..............................................................................53
How we find the best trades 1.5 ...............................................................................54
How we find the best trades 1.6 ...............................................................................55
Summary ......................................................................................................56

Copyright 2019 .............................................................................................57

 C HAPTER 1- PRICE ACTION

Price action is the second most important to the market structure that is
explained in chapter 4.
It is the language that I am going to teach you today that will tell you
everything that is going around in the markets and help you build your
trade report.

There are different kinds of price action but I am only going to tell you
the most important ones that I use ever time to place a trade and build
my report of.

We will talk about the following in this chapter.

⁃ Bullish Engulfing Candle

⁃ Bearish Engulfing Candle
⁃ Top wick
⁃ Low wick
⁃ Flat candlestick
⁃ Wicks in general
 THE BULLISH ENGULFING CANDLE

This type of candlestick print is very important. It dictates big

volume in a particular session and tells us that one side is being in
control at the moment. A bullish candle simply overshadows the
previous candlestick. The higher the time frame it is being printed
on, the more important this piece of information becomes in
building our report that we will talk about in chapter 4.

It should not be used on lower time frames than the daily.

 TEST

Can you identify the bullish engulfing candles?

 ANSWER

These are the right answers.

As you can tell, each candle overshadows the previous candle

highlighted with the red arrows. That is how you identify a bullish
engulfing candle. It is never perfect like you might have red in
previous trading books. That is why I show you live charts, and to
follow one simple rule.

It is the following:

To be classed as a bullish engulfing candle, it has to overshadow the

previous one as it does in the example above.
 BEARISH ENGULFING CANDLE

Same with this candle stick, it is exactly like the bullish engulfing
one, besides is gives us the opposite information. The market is
being in charge of sellers instead of buyers.

Identified by overshadowing previous candlestick.

 TEST

Can you identify the bearish engulfing candles?

 ANSWER

These are the right answers.

As you can see on the picture above, there is actually only one
candlestick that hits our checkbox. It is the only candle that
overshadows the previous candlestick with a strong close.
 TOP WICK

This candle stick is very important because it tells us that price is

reaching a point of exhaustion and we should keep that in mind
and look at the different time frames for key levels. If we identify a
key level combined with this price pattern, we will have a strong
chance of a reversal coming up. This is one of my favourite trade
set ups. Everything I am explaining will be taught later in this
chapter so just hang tight. I just want to hold your hand and walk
you through the fundamentals of my thought process and how I
build my report from start to Finnish. Each small detail is so
important because it will build a super strong trade potential.
 TEST

Can you identify the top wick candlesticks?

 ANSWER

These are the right answers.

There are only two picks on this chart. Simply because they are the
only ones having a big upper wick and a small body. The close has
to be below 50% of the candle stick body. The further down the
close is, the stronger the confirmation of this particular candlestick
pattern. Both of these examples are considered strong because they
are more than 70% below the candlestick.
 LOW WICK

Same as the top wick but the opposite information. The market is
making a potential reversal.
 FL AT C ANDLE STIC K

A flat candle stick is a candle stick that is just giving us bad information, why?
Because it is telling us that the markets are not moving in a particular direction.

It is usually being shown during low trading hours where the volume is almost non
existent or that the market is setting up for a big move or news event.

It is a great candle stick to stick around the charts for a while more, because it is
setting up for a big push in either direction.

WICKS IN GENERAL

Wicks are so important in our trading report. Because it gives us previous

information about where the market has tried to get too, but failed to close at that
level. So if we see long wicks from the past, being approached later, it could give us
a great indication where we can have our take profits, because they will most of the
times get filled. As you know the market moves up and down, and it likes to crush
previous levels it has not been able to breach before.

Wicks should only be used on the most higher time frames.

Monthly, weekly and in some cases can be used on the daily. Especially for sniper
scalps that I talk about in my other E-book.
 EXAMPLE

Here you can see the best example of a Flat Candle Stick.

The close of the body is close to 50% and it is a very small close.
Showing that market moved up and down the last day but it failed
to close in momentum, as you can see the next candle then dictated
the direction of the market for the next 2 days.
 C HAPTER 2- PATTERNS

IMPORTANT PATTERNS

In this chapter we will be covering important patterns that will

occur frequently in your trading journey. I want you to
remember these patterns as these have the highest probability
when it comes to patterns trading. It is important that we utilise
every single tool when it comes to price action trading and
building our trading report.
There are many ways to trade different patterns but these are
my top favourite ones that I always use.

The ones we will cover are the following:

⁃ Double top
⁃ Reversal Pattern
 DOUBLE TOP

The double top is one of the best patterns to identify in your trading.
It tells you that a potential reversal or break out is about to happen.

Double top are created when prices reaches a strong key level and a lot of
orders are being placed in that area. It will be a battle between the buyers and
sellers and once the move happens, there will be a strong break out to either
directions.

This trade is best using the higher time frames. I prefer to trade it on the
Weekly and Daily time frames.
 E X P L A N AT I O N 1.1

Here we can see that price is ranging between two strong key
levels.

The past movement has given us the information that there are two
major key levels here. The support and the resistance, we plot
them out and can see that the market has been ranging in this box
for days.
 EXPL ANATION 1.2

Here we can see the break out.

We can see that a strong bullish candle has formed with a big
wick to the downside showing momentum.

We will place the buy and place our stop loss at 50% of our
entry candle. The red line shows where our stop loss will be.
 EXPL ANATION 1.3

Our take profit will be on the next key level that is identified on the
higher time frames. This will be shown in the market structure
chapter later in the E-book.

The take profit is the green bar shown in the picture.

The red line is showing our stop loss.

 REVERSAL PATTERN

This is another one of my favourite set ups. We have a previous

level that has been taken out but later price returned to that area
and closed in between it.
 E X P L A N AT I O N 1.1

Here we can see that price failed to break out from the support. And
priced continued to break out to the upside. When this happens we
identify the reversal pattern, because price is simply reversing. The
break out was false but that does not mean that we can not trade it. It
simply means that price might want to move to the other direction.
The way we identify it is by using the previous support as support
again. We wait for price to return to that area and we proceed to enter
our trades. Let’s see what happen in the next picture.
 EXPL ANATION 1.2

Once price returns to our support we wait for our first confirmation
candle to close in the direction we are looking to trade. In this report
we are looking for a bullish close. Once that candle appears we enter
the trade and place our stop loss below the previous bearish candle.
Reversal trades are more aggressive and should be used with a bigger
stop loss.

Our take profit will be the next key level identified on the higher time
frames.
 C H A P T E R 3 - M A R K E T C YC L E S

In this chapter we will talk about the importance of understanding

the different market cycles that occurs during different periods.

In trading we have four different cycles

- Accumulation phase
- Mark up phase
- Distribution
- Mark down phase

We will dive deep in to each topic to get an in depth understanding

of what each means and how it can be used in your investing and
trading overall.
 ACCUMUL ATION PHASE

Accumulation phased can be explained the following ways.

It begins with big corporations and investors who starts invest
heavily in to the markets. It could be when an underlying asset is
being sold at a great price and many investors are looking to get a
piece of that cake. The rich always enters the markets before the
poor does. Meaning they have inside information and get to be the
first ones to enter. Now it is up to us to identify this as quickly as
possible and jump on the train with them. The accumulation phase
is when the market is setting up for a movement. We Identify it by
using our key levels and our patterns that we have talked about in
the previous chapters.

There will be a lot of sellers selling their shares because they

believe the market has stopped moving in their favour. The smart
investors sees the discount and enters the trade because he knows
the market is about to reverse.
 MARK UP PHASE

When you see markets moving sideways a lot, meaning they are
not having major moves in a particular direction and just stays
within 2 key levels. The market is waiting to set up for a big move.
It could be a major news event coming out, or a new price earnings
report from a company. When this is about to happen the markets
will behave uncertain because they do not know the potential
outcome of the information that will be released. So the market
will put on “hold” as we say.

When this happens it is very simple. We plot out our key levels and
wait for the market to announce the news. If the news are positive
we would like to see a resistance being broken, if it breaks a
support we are not interested in a trade because it is simply not
moving in a healthy matter.

And vice versa if the news are bad.

 DISTRIBUTION

Our next phase is the distribution. This usually happens once a big
moved has appeared. The market broke a major level and started
trending in a particular direction. But it can only do it for a short
period of time, because as you know, everything that comes up
must come down and vice versa. This is when the price moves
down to re-test previous broken levels and gathers more orders to
then continue with volume to trend. Without volume the price will
have a hard time moving and will continue to move side ways, this
is why it is important that you understand the language of the
markets and why it is moving in certain patterns. The different
patterns and price action confirmations we use is to make it simple
for us to understand the market cycles. But I want to give you and
in-depth understand of what is happening behind the charts and
candlesticks so you understand the basic foundation each strategy
has been built on. There is a fundamental reason for each strategy.
 MARK DOWN PHASE

The mark down phase is the last phase in a market cycle. This is
when the markets wants to correct the major move it has had. It
will drop or rise very hard in order to return to balance. The mark
down phase is a big reversal that will happen in the market and it
will break several levels. This is when the market trends in the
opposite direction and the trader should take caution and be aware
of the situation and wait for price to start consolidating and stop
the aggressive movements.
 I D E N T I F Y I N G D I F F E R E N T C YC L E S

We look at each time frame separately to identify the different

cycles. The higher the time frame, the slower the market will move
through it cycles.

A 5 minute chart can go through the market cycles several times in

a day, while the daily will take months to years to complete a full
cycle.

That is why it is important to have a strategy to identify these

different cycles. We use price action and patterns to identify the
movements and the behaviours of the markets. Even if we are in an
accumulation phase on the monthly, the daily might be in a mark
up phase. So it is all about identifying the closest phase to your
trading. We will particularly keep an eye on the different phases on
the daily chart.
 C H A P T E R 4 - R E A L A N A LY S I S

Let us begin with the most important aspect of our trading, which
is going to be our report building aspect that we spoke about
before.

I will show you step by step how to identify trades with high
probability and good set ups
 M O N T H LY C H A R T

First we begin with identifying the key levels. To determine key

levels we look at our chart and look for multiple touches in a
specific area. As you can see on my levels above, price has touched
them multiple times and changed direction or re-tested them.
 W E E K LY C H A R T

We continue with going on to the weekly and continue finding our

key levels and re adjusting them for more accuracy using the
previous monthly zones as a guideline.
 D A I LY C H A R T 1.1

Here we can now see the daily chart. As you can see the blue
zones are the Monthly/Weekly zones, the Red zones are the
Daily ones. Now we have created a great confluence. But where
and when do we enter the trades? We will take a look at that in
the next page.

So we use one colour zones for the monthly and weekly zones,
we start of by plotting the monthly
 D A I LY C H A R T 1. 2

1) Here we can see that price came down to our strong monthly/
weekly zone. And it started accumulating for some time. As we can
see we are also seeing a pattern occuring, which is the reversal
pattern if you remember from the previous chapter.
This means that we are having multiple indications of price being in a
reversal state and we should be looking to go for buys right? Well…. It
is not that simple. This is just one of many answers we are looking for
before we make a decision. But first mission is now completed. We saw
that price has tapped a major key level from the higher time frames, it
is now making a reversal pattern. But now we need to know where
price will go and how it will go there and when it will go there.
 D A I LY C H A R T 1. 3

2) We see that price is currently at a major weekly zone so we need to wait

for our confirmation. At this stage before taking the trade in any direction,
we want to know how the price action is looking. If we are looking to take
buys we are looking for bullish price action, if we are looking to take sells,
we want to see bearish price action. If you red the previous chapters and
wrote down notes you should know by now what confirmations we are
looking for, if not I advice you to go back and read the previous chapters
again.

Right now we can see that the most resent candlestick ( Highlighted on the
picture), is closing with a big wick on top. For us that means rejection.
Why? Because we are at a key level where price can potentially reverse. So
if It indicates bearish momentum we are not being shocked right? Because
it makes sense.
We look at two things:
Where price is currently and is it setting up correctly for a planned trade?
 D A I LY C H A R T 1. 4

3)

We can now see that the next candle closed bearish and this is
giving us a confirmation of rejection on the higher key levels from
the monthly/weekly areas. So we will now enter the sell and place
our stop loss where the green line is. Just above our entry candle.

Our take profit should be at the next key level. Which is

highlighted with an arrow on the picture. That is the next daily
zone. This is where we want to take partial or all profits depending
on how the market moves. If it breaks that area easily we can close
half of our positions and let the rest ride at break even until the
next key level is hit.
 4

4)

But we also have another scenario, as you probably know, live trading is
very different to just looking at chart, since there is never a
straightforward trading set up, it is more about having the experience and
gut feeling of sensing the markets. This you get by practising for at least 4
hours a day.

Here we can see that the next candle closed bullish instead of bearish,
meaning that we got a confirmation that this key level is being broken, so
we can not enter sells because that would simply be stupid, we would go
against the key fundamental rules of price action and big institutions.
Instead we are going to enter buys to the next zone which is highlighted
with an arrow on the picture. Our stop loss will be just below our entry
candle highlighted with a green line on the picture.

We will take partial or all profits at the first key level, depending on how
the market is moving. If it is an aggressive break with no sign of
exhaustion we only take half profits and keep the rest at break even to the
next zone.
 4 HOUR CHART

The 4 hour chart should not be used as a beginner trader and I advice
you to first learn how to trade this way before attempting to trade the
lower time frames. There is a big miss conception out there, that lower
time frames are better and you can earn bigger profits trading that way.
But only the top 1% traders in the world are able to trade the lower time
frames so make sure you start somewhere. And that somewhere should be
here, trading this way.
 15 M I N U T E / 5 M I N U T E C H A R T / 1 M I N U T E C H A R T

You should definitely now trade these time frames what so ever. You
should always look at all time frames to learn how to understand them,
but you should never, ever base a trading decision on what you are seeing
on these time frames if you still have not become a profitable trader yet. I
recommend getting my E-book about scalping the lower time frames if
you are serious about learning how to trade them.
 SUMMARY

1) Start by mapping out the major key levels on the Monthly.

2) When that is done, adjust and add more on the weekly time
frame.

3) To find great zones, drag from right to the left, meaning use
resent price action to dictate your levels by looking at multiple
touches in the past.

4) Go down to the daily and find the smaller key levels for intraday
trading.

5) Wait for price to reach those areas and wait for price to react in
your favour.

6) Wait for a bullish or bearish close

7) Enter the trade and keep the stop loss below/above your entry
candle.

8) Always take profit at first key level, if you want to continue

riding the wave, take half profit and let the other half run at
break even.

9) Letting profits run is a great way to build compound wealth over

time

10) Remember to always listen to the highest time frame first.

 CHART TIME EXPERIENCE

Ok so let’s get serious now…. This is something that nobody is talking

about and it is incredibly important for your success to ever become a
profitable trader and that comes down to one thing and one thing only….
Can you guess?

It is called…… Chart time. When I first started trading I was lucky

having a relative showing me the inside and outside of this business, but I
have seen more traders fail than succeed in my years of experience and
that is because they give up too soon, they try too many things because
one thing is not working quick enough, and they do all of this using real
money to which is the worst thing of it all. This is something that can
easily avoided by anyone who is starting to trade. Start using a demo
account until you become profitable consistently for a long period of time,
and no we are not talking a week or two, more like 3 months to 6 months
profitable at least, before you even consider touching your real money
and putting that to work.

Instead what you should focus on is practising, saving money on the side
to build your wealth and when you are confident and ready to start
investing your money in to the markets, you will be first of all, ready to do
it, and second of all you will start with a bigger pile of cash, instead of
blowing all your savings over and over again. And if you have blown your
money multiple times trading, it is ok. You can recover it all, just break
your bad habit, stop chasing the money and rewards, instead focus on
become the best at it. Merge yourselves in to the markets and just try and
learn a lot. That is how I become great at it, but it took me YEARS to get
to this point, not days, weeks or months, YEARS. You have to put
everything you learn in to practise, that is the only way you will ever
become successful in anything, there is not a single manual out there that
just let’s you become a pro at something. Become a pro Artist by reading
a book? Or become a pro tennis player by reading a book about it? Yeah
right….. Will not happen right? No but if you put the skills to practise,
you can achieve it with time.

Start of with understanding the charts, I want you to most of all put
everything in this book to practise over and over again, for hours.
Because you will practise to perfect your skills. You will program your
subconscious mind to be confident and secure when you are placing
trades which eliminates the emotional side of trading which is the leading
cause of traders failing. It is not their strategy or how they trade, it is
their emotions making them to stupid things.

And when you have seen how price is behaving in real time and real
scenarios. You will have a much easier way entering and exiting trades at
different key levels. But this again must be practised for a long period of
time to be perfected.

If you are OVER TRADING, meaning you take multiple positions a day
trying to recover losses or just being addicted I recommend you to stop
RIGHT AWAY. This pattern will not only destroy your capital but can
also destroy your family life and everything around you. If you become
addicted to something you have to be aware and understand what you are
doing to yourself and the people around you and stop right away. OVER
TRADING is not a way to get rich quick or get wealthy, in fact the only
way to get rich quick in life is by taking massive risk, meaning you can
get rich quick sure, the possibility is there, but the risk is also huge and
can be fatal at times. Remember that. Risk-reward is it really worth it? Is
it worth going full margin when you trade just to have a 10% chance of
making a few millions? But the risk is that you will blow 5 years worth of
savings? To me that is not worth it, because that means I will have to try
10x to make it and that means 50 years worth of being a slave to my own
addiction. You should think the same. Family, personal well being and
limited stress is the best things in life and this should be your biggest
focus in your life, not the money, the glamour or anything like that. That
should come second and should be done in a smart and perfected way,
not in a gambling type of way, or trying to find shortcuts, there are no
shortcuts in life.
 HOW TO PERFORM A PROPER
A N A LY S I S

Down below we can see a picture of a daily chart. We are going to break
it down step by step on each page and I will explain exactly how you can
break down the charts.
 FINDING THE KEY LEVELS

Ok, so first of all let us break down the zones. We are looking for multiple
touches to find the best key levels and we will always start from the right
side and then move to the left no the other way around. If we did it that
way, we would get past data and try to predict the future. That is a bad
idea. It is better to let the future match the past.

As you can see, price has moved

several times away from these
areas or stalled at them, they are
great key levels
FINDIN G THE KEY LEVEL S 1.2

So now we will add the zones

and plot them on to our chart.
 FINDIN G THE KEY LEVEL S 1.3

As you can see on the picture down below we have plotted our key levels
(assuming these are the correct ones confirmed on the higher time frames
in the first place which they are). We want to see a bullish confirmation in
this example and this is how we would have traded that set up. We wait
for a bullish confirmation, in this case a strong bullish candle or a break
out and re-test of the zone with a bullish confirm. When that happens we
will place our stop loss below that candle and proceed to enter the trade.
Our take profit will be the nearest key level on the chart. “Price always
does a break out. And when it does it 80% of the time would like to test
the previous resistance and see if it will act as a support. This is great to
wait for in many cases where the break out is either weak or if it is during
low volume hours in the markets. Then you can wait for a re-test to occur
because it will set up for the next upcoming push during peak hours.”

In this picture I explain how we enter the trade if we are getting a bullish confirmation
And want to know where to place our stop loss and where to take profit

Take profit

Stop loss
 FINDIN G THE KEY LEVEL S 1.4

Here I am going to teach you the other way around, if we would have
gotten a bearish break out the trade would be different. On the example
down below we can see how the next candle closed as a bearish engulfing
candle meaning that it is respecting the resistance. So we place our sell
and stop loss just a bit above the trigger candle highlighted with the black
line. "We then take our first profit at the nearest key level which is Take
profit 1 in this example, we will take out 50% of our orders. The
remaining 50% we will keep at break even.”
In this picture I explain how we enter the trade if we are getting a bearish confirmation
and want to know where to place our stop loss and take profit.

Stop loss

Take profit 1

Take profit 2
 HOW WE FIND THE BEST TRADES

1) This is the monthly chart. We have now a zoomed in picture to get

more in-depth on how to perform the analysis from start to finish. As
you can see at arrow number 1 the monthly candle closed bearish and
it has started to create a small wick on a key level.

2) We need to take a look at the previous monthly candle to get a good

understanding if they rejected this zone as well in the past which they
did. But because this recent candle closed bearish it does not look like
a rejection this time so far

3) We are now done with the monthly chart and we need to find more
information on the weekly time frame.
 HOW WE FIND THE BES T TRADES 1.2

1) Here we can see the weekly chart. We can see that the previous weekly
candle was big and bearish. Meaning that it is showing a big rejection.
Also take a look at that wick it created further increasing that
decision.

2) The present weekly candle is showing indecision because it is having

wicks on both sides.

3) The other weekly candles in the past have been rejecting the zone.
And we can see multiple wicks being created in that area. But so far
the price action is showing us indecision we need more information so
let’s dig deeper.
 HOW WE FIND THE BES T TRADES 1.3

1) We are now zooming in even more on to the weekly chart to see if we

can identify more information out of the chart. We have identified a
resistance as well that is holding well, giving us another important
piece of information, meaning that price can actually break to the
downside because of the hard pressure created. So if price will respect
this support, we have a resistance to use for take profits if we are
going to buy or we can use this information to further increase our sell
bias from the higher time frame. But we need more information.

2) At arrow number 2 you can see that recent price action is reacting to
that resistance and that is why we are dropping for now. But we need
to dig deeper and gather much more information before we know
weather to look for buys or sells.
 HOW WE FIND THE BES T TRADES 1.4

MONTHLY

MONTHLY

MONTHLY

Here we can see a picture of the daily chart keeping the zones from the
monthly and weekly. So we need more understanding if the price is
moving up or down. Where are we going to enter our trade? When will
the market going to turn bullish or bearish.
 HOW WE FIND THE BES T TRADES 1.5

Daily chart

1) Here can see that the recent daily candle closed bearish meaning it is
following the same pattern and information we received from the
higher time frames. That is a great sign for a sell first of all. But the
problem is, we are reacting of a monthly support zone which can
work as a treat to our sells. But so far we can see that daily is
indicating bearish momentum and we are at resistance. Let’s dig
deeper

2) The day before we had a strong bullish close. It bounced of the

monthly support and went up. But it never took out the weekly
resistance.
 HOW WE FIND THE BES T TRADES 1.6

So how do we trade this set up then? Well it is not as hard as it seems. All
we do is we wait for a break out to either side and then we proceed to
enter our trades. The highlighted blue zones are the key levels we want to
see break to either side to take our trade. See how I removed all the
complications in trading for you? Very simple, if you do not understand
what the chart or price action is telling you just as we did this time, we
did not understand if we should buy or sell because one time frame
looked great for sells, but another looked great for buys, that is now
GOOD. Because we want to call for a high probability trade. And to do
that during cloudy charts like these. We simply let price tell us where it
wants to go by letting it move and create a break out.
 SUMMARY

• Perfect your strategy

•Practise makes perfect - do it over and over again

•If trading is making you excited, you should not do it.

•Never try new things with a live account

•Never trade a live account before being consistently profitable on a

demo account for a minimum period of 3 months.

•Remember that losses are normal in trading

•Never enter a trade based on what someone else is telling you, or

that you are seeing somebody else take. You will never learn to be an
independent thinker this way.

• Do not risk more than 1% per trade

•Do not take more than 2 trades maximum a day

•Always take trades that are at key levels showing you great signs of
reversals or continuations.

•Stay away from the lower time frames

•Rinse and repeat every day.

 C O P Y R I G H T 2 019

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