Stages in Learning Forex

Know Your Identity

• Very Important Stage before anything else 
• this will develop your skill in profiting 
• Its where you get your foundation to be a consistent profiting trader
• Base Point where your System is build
• Its where you will understand what kind of trader and who you are as a trader

System

• The thing you do over and over
• It answers What to trade, Where to trade, Why to trade
• Where you create your trade plan
• Where you get bored
• Where your Consistency and uniformity is needed
• Develop a process in what to do next
• It’s where you will understand the characteristics of the market
• It’s where learning in your mistakes will take place
• Hardship/ Process and Patience is tested Its where 90% of people will fail

Strategy

• A discrete plan to put your system into work
• Can be learned and Copy
• This answer the how questions
• 20% success rate in trading
• Its where people thought they must give or invest more in both money and time
• Its the only way I as your coach can give you

July 2 trade plan

Priority

UsdJpy Divergent head and shoulders 1hr
GbpJpy Divergent Head and shoulders 4hrs
AudJpy Divergent Head and shoulders 4hrs
AudUsd Head and shoulders 1hr
EurAud Divergent Head and shoulders 1D

Non Prio

EurNzd Head and shoulders  4hrs
GbpAud Head and shoulders 4hrs
AudNzd Head and shoulders 4hrs


UsdJpy

Timeframe = 1hrs
Divergent = Yes
.618 rule = Still on neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =

GbpJpy

Timeframe = 4hrs
Divergent = Yes
.618 rule = Still on neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =

AudJpy

Timeframe = 4hrs
Divergent = Yes
.618 rule = Still above neckline
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =

AudUsd

Timeframe = 1hr

Divergent = No
.618 rule = Yes
Reject = yes
Retest = yes
15min = yes
MACD support = yes
Stop lost = 21 pips

At 10:45 Am July 2 I took the trade
Done at 11:30 pm hiting $65 and $20 for other account
Did not exit the 2nd trade for chance to swing trade target = $100 for 30 cents per pip

EurAud

Timeframe = 1day

Divergent = yes
.618 rule = almost on the mark
Reject =
Retest =
15min =
MACD support =
Stop Lost > 35 pips =

This is one day so reject and retest is required in 1 day time frame

Non prio pics but potential

Trade Plan 6-25

EurJpy Divergent Head and shoulders 1hr
EurChf Divergent Head and shoulders 1hr
EurNzd head and shoulders 4hrs
Audchf Divergent head and shoulders 1hr


Eur Jpy

Rejection = Done
Retest = Done
15min crossover =
MACD =

EurChf

Rejection
Retest
15 min crossover
MACD

EurNZD

Rejection = Done
Retest = Done
15min crossover =
MACD =

AudChf

Rejection = Done
Retest = Done
15min crossover =
MACD = 

This what learning can do

I strongly believe by know your identity will lead you to consistency. that is why Learning is the key essential in trading. Better know who you are and what you are as a trader. you can try other strategy for you to see if it fits your personality but you can never copy it even though it bring a lot of money to them.