My Check list

This are the combination of the strategy and tools that I learn for a year. Which I have combine them and use them in accordance of need and settings.  a little reminder if you have use even single tool or strategy aginst the trade the result is bad. So trend is your Friend alway trade on trend for your safety.

here is my check list

PART 1

1. delete all drawing tools 
2. Identify trend  use moving average 
3. Create a pukot 
4. Confirm trend  on 4hrs 
5.  Identify  major support and ressistance 
6. Confirm 1 day trend 
7. identify major support and resistance 
8. Confirm pukot using Pivot    
9. Identify direction using stochistics  
10. confirm direction of stochastic using 4hrs 
11. confirm direction of stochastic using 1Day
12. identify point of entry  using  

• Higher - higher high and low higher low - for uptrend 
• High - Lower high and Low - lower low - for downtrend   

SPECIFIC INSTRUCTION

after you have done all those 12 steps in part 1 its time to analyze the chart combine your chart using 1hr time frame , 5 min time frame, 1min time frame... Analyze the possible direction to go combine your chart 1hr time frame, 4hrs time frame and 1 Day time frame. 

In this part it is critical for you to see what is not obvious that is why this is the right time to pray. Pray not just to win but rather pray that you will see the unseen or misslook. (this step I use to fight the  fear and the greed that is inside me)   

Then proceed to Part 2

1. Identify entry need to ignore  - oposite trend - use moving average  and stochastic 
2. When we have point of entry Identify how many pips  to get using support resistance  
3. identify piont of turn or stop using previous pivot or support and resistance  
4. identify stop lost (be carefull with this )       
5. if no piont of entry to take or malayo pa  identify pattern 
6. Head shoulder  pattern
7. double tap   
8. Consolidation (if 4hrs expect long trending next up or down)
9. Over sold or over bought (boilenger and RSI) 
10. Check Fundamental and identify market movers 

• GDP 
• CPI
• JOBLESS CLAIMS
• NON FARM PAYROL (check previous data )
• FOMC
• 3 red star NEWS

If you dont have major trade switch to scalping

• Candle Stick Engulfing pattern (trade on first 3 candles only 1hr)
• Overbought or Oversold (stochastic)(be watchful on fake direction dont panic)     

You may use this checklist improve it in accordance to your personality.

(video about this checklist will be uploaded soon)
                                              

How to start Forex trading with out capital

Before im going to answer this I must state clearly the reason why many people give up on forex trading even though they know, they see the potential on earning 10x faster than any other legitimate money making system.

Even the skill ones dont last for a year as they always say 90% fail on this kind business. It may have lot of reasons but im gonna state 1 that hurt most. and that is availability of CASH to support stable cash flow in forex trading. Fund is always the problem

Start learning
you tend to invest for your studies which I was one of this, although you really dont need this coz everything can be found online but in order to save time, you invest in education. So you need FUNDS. (this is the scamming part of most of the people)

Start Trading
Newbie mistake, Others call it loose trade. As you are going to implement the things you learn eventually you found out that what you learn is not applicable in a certain market. and to identify market face cant be learn from things you have studied but only through experience. Although some are good at this but some are not.

Start For Longterm
now in this part its either you have gain or just break even. this are the longterm trade plan that involves your personality. As you are going to defeat your demon inside this will eat much of your funds and even some give up in this level.

OVERALL as you continue to be a trader eventually you will pass those stage. some are good at it but some are stock as they pass each level their funds are depleting. Situation will call for necessity and you have no choice but to abide or you will sacrifice much bigger.

Conclusion if we could have flowing of funds and we have develop our trading skills surely this could help you push and be part of the 10% that will continue to trade. The question is where we can get this fund??  with minimal or less out of pocket money.

the ANSWER will be MINING of Crypto currencies

Before you pull out your negativity hear this idea first. If you could find a way to mine and what ever you minc you could make it grow faster by trading.  will you need large amount of money to start forex trading?? NO....

Yes, i know it will take time however look at the bright side you dont spend a peso but just a regular electric consumption, internet bill and your computer. Since you have been learning or spending much time online then why not use it to mine in such a way it will give profit for you.

Through this you could develop your skill with less loose trade. observe the market and learn from experience.  We all know trading with live than demo is really different. See in cryptocurrencies they also have trading system which what you learn on forex strategies can be applied to cryptocurrencies trading.

so the concept is simple if you dont want to spend Money to start forex trading then here is what you are going to do

1. Learn to Mine cyptocurrencies (zcash is the current profitable currency)
2. If you have enough then use your skill in trade to double your cryptocurrencies (in your wallet they have the option there like forex  when to buy when to sell and as to how much you are going to sell or buy
3. if you have enough BTC or anyother coins you could encash or directly send to forex broker that accept bitcoin payment. from there you could engage in Forex Trading

Important - this is an idea yet, which I am currently doing Im still learning to mine efficiently. soon i have result im gonna post it here for you to see the flow. Frankly if i knew this earlier i should have mine and mine until i gather funds. since i spend most of the time in front of the computer and often times i dont turn it of then its better to earn from it. while doing my daily studies. 

Since im also new on this if you continue to visit my blog im sure im going to make videos about this as to how and what to do but for now let me first try it para pag kayo sumubok pantsado na.

US Election Result

This what the previous  data during election was telling, although we dont know the direction but the big spike will happen. I have to document this for future purpose and a study of the characteristics of the market. As i have observe when there is a major movement of the market due to news like non farm payrol and this us election the market is giving you signs and so for the most reliable is the Bollinger bands, stoch and volume Normally when the market is to shift on a major direction what it does it will make you believe that the current path is the path  that is going but then again the exact way is the opposite way.

ON the pic below before election you could see that the market is going down but after wards it just went all the way up breaking major pivot lines.  but before that Bollinger bands just indicate that it is over sold so its time to buy.

This what make trading hard to profit for you have to keen and accurate for we do not really now what will happen. Lets learn from this picture and practice our skill to identify market charactarestics