Update on 2 Divergent Head and Shoulders Pattern Eur vs USD video blog 07

Now im waiting for pullback to take my 3rd trade.

          This strategy is Leveraging my capacity to double my trade size if my analysis i correct then I will also double my profit but if my analysis is wrong then I will only loose the allowable amount and pips for the day. currently I do have 82 pips reserve which I do have the choice to use its profit to trade again or keep it and risk another 50Pips completion did not go directly to the target as expected it consolidate during Asian Session yesterday and test back the previous low on Euro Session However during the start Us Session till this morning 7-26-17 which is Asian Session it completed the Head and Shoulders. created video on the update which will be embeded here.

          As for GBPUSD still on going good thing i prepared my Stop lost Higher than my allowable Risk which I strongly suggest not to do this. although it benefited me since it did not hit my stop lost but still I can get more pips if i just follow the rules.

The above trade plan was cancelled so the 3rd trade did not happen. as For GBPUSD Stop lost has been hit only earning 11 pips. although the it was cancel it was replace by more profitable success rate which is in GBPUSD 1 hr time frame

HEAD And Shoulder right shoulder forming. with so many potential patterns it can derive for now i just focus on the right should and complition of the head of shoulders. once complete lets see if there is another pattern that are much profitable

Divergent Head And Shoulders GBPUSD and EURAUD

GBPUSD

• Pattern Divergent: Head And Shoulders
• Advance and other Pattern forming

1. ABCD
2. Descending Triangle (waiting for break out)
3. Riseng Wedge (waiting for break out)
4. Gartley Pattern

• Time Frame : 4hrs
• Detected 7-24 Euro Session
• Traded 7-24 Us Session
• Ended = On going
• Votality 4hrs 40 Pips
• Stop Lost = allowable pips based on trades size
• Trade Size = $0.30/pip
• Take Profit = 78.8% Retracement of XA

EURAUD   

• Pattern: Divergent Head and Shoulders 
• Other Pattern Forming

1. Flag Pattern (4hrs)
2. Channel Down (4hrs)

• Time Frame: 4hrs
• Detected 7-23 Sunday Week end
• Traded 7-24 Us Session
• Ended = On going
• Votality 4hrs = 29 pips
• Stop Lost = 88% Retracement (above Head Point)
• Trade Size = $0.10/pip
• Take Profit = Upon completion of head and shoulders

Plan Application of Trading EurAud

     Fist trade = forming of Right shoulder trade size $0.10 Take profit  and stop lost is 1:1 Ratio. Once Take Profit is hit I will be having 100 pips equivalent amount is $7.94. This amount or pips i will use it for my second trade using Trade Size of $0.20 per pip. Point of entry will vary

• If MACD crossover going down I will wait to cross over going up or Get Fibo on the right shoulder

Point of entry proposal will be 61.8%  from neck line to Right shoulder
Stop lost will be the whole 100 pips ($7.94) profit I earn on the completion of right shoulder but i will record the votality on this time to confirm safe stop lost
Take Profit will be just below the Yearly major Pivot 

• If Price break through on the neck line ill wait for the pull back of candle then trade. Take profit will be thesame just below the yearly pivot. Stop lost will also be the same. (the 100 pips profit)
  
  For the Result on this Trade Plan click Link Below
  https://fxact.blogspot.com/2017/07/update-on-2-divergent-head-and.html

Actual Trading Experienced, Program and created a Database. All trades are supported by screenshots and Video

       For 2 years that I am now trading I have compiled series of Screenshots, Youtube Videos about all my trades. This include the Losses during my first 1 and half year. So I decide to Gather this raw valuable materials and create a Database. I really dont know why i have made videos including my losses and believe me its  hard to create one when you loose. As I have review all those raw materials, I began to evaluate on how I trade. I still remember the first 5 pips that I have won, seems I have won million on that time. and of course How painful also to remember the Biggest loose trade I made. 320 pips. For all I thought all of this Bad experiences about trading wont help me on my Trading Carrier.


       I guess I was wrong. I found out that those terrible experience made me a wiser trader, although people surrounds me began to doubt and loose faith about what I do and how this can help them. I even receive the most discouraging words of wisdom from my brother " LAHAT NG NEGOSYO MO PALUGI".

Its the very reason I created this Database, I program it myself. All data that is in this database are my trades that i have made. with LIVE ACCOUNT. Now how can this Help YOU??

Here are the List why I encourage You to use this Database and even have you own compiled Database by using this Program (Will be available soon when this can be Online)

Better Understanding about MONEY MANAGEMENT 

While I was developing my skills and find my self what kind of trader I am, Brother of mine showed me His result about trading. Gosh you will be amazed how Fast he can tripple his capital and how big he made in forex trading. With that result, I guess he believe that trading is not that hard. Probably Yes, for he is a man of brains with the virtue of discipline. But what he did not notice he has been trading $30 Dollars Per pip. a Trade size that every Experience Professional Trader wont do if you only have $10,000 Us Dollars on your account.

Having a database of your trades will keep you on track will remind you that Earning Big is Easy in Forex but Earning Consistently Big is the hardest part. Try to use this Program and you will see that your winning strategy or trade is only hitting 60%. The question is what if you have trade sky rocket high trade size for you have all the confidence on your work. only to found out your most trusted system or stragey Failed you. How do I know this Because I have experienced it thats why its better to keep track on your trade compile it. get screenshot you will be shock that your strategy work on 60% success rate.

The above Pic will show you the complete details for you to improve and know yourself as a trader

1. Pattern (if you are a pattern trader)
2. Date Detected
3. Date hit your Take Profit
4. Currecy Pair
5. Time Frame 
6. Pics of your trade
7. Video on your trade
8. Notes the key points that made your mind to trade.

Pattern Guide 

If you have experience trading How many times you chase the market?? With error like this you may not know this is killing your confidence and confusing your self to find what kind or trader you are. With the Pattern Guide you will be more cautious on calculation adopt how market run. you can compare what pattern is performing well in

Specific Time frame

Specific Currency Pair
With data you have you compile you  will never take same mistakes about point of entry. You can Calculate Risk that you are going to take. because chart pattern give clues and guides.

Currency Pair Awareness

Did you know retail trader like us have high potential loosing on EUR/USD pair? currently Im still encoding all my data but with the date already been saved on this database I could see my performance that I loose much on EUR/USD and earn more on GBP/USD. 

 With this data you will have Percentage of Success rate. You will boost your Confidence in trading. 

IMAGES on Your head 

By saving different images of your trade later as you always do this your brain can see faster how market moves. Remember You can not achieve what your brain cant see. Power of law of attraction. As I have always getting my win and loose trade Pic I could easily Identify my previous Mistakes and could easily make a plan of action if market move strangely. this will boost your stock knowledge experiences.

Time Frame Monitoring

How many 1 minute in 1 Hr.
How many 5 minutes in 1 Hr.

This alone you will develop an advance plan action based on number of candle stick that is remaining. If you love using MACD tools time frame will really give you realistic direction of the market. Remember if trend of 4hrs is going up Trend on 1 hour will not always go up. there will be 1 or 2 candles 1 hour candle that go on oposite Direction. If you monitor on your time frame it will be easy for you to Identify Support and Resitance, the Higher High, Lower Low directions.

NOTES:

Do i have to elaborate this??? even Einsteins have notes.... every analysis have notes

this are some of the benefits of this database, and why is this different on the brocker or any other database? because you yourself created this. and Experience is the Best teacher. On will be talking more on videos which i have not covered How to derive Success Rate on your trade on a Given Pattern, on A given Currency and on a given time frame with the data that you experienced.

For New on trading which you dont have not yet compiled you may use my given Data for all of this is supported with video and screenshot.

If you want to take a look on this Database Program your self this will be available soon i have encoded all my recorded trades. 

Broker or any other guru are not telling you

Target for Beginners

100 Pips week

Example trade 500 pesos per pip

Potential Gain 100 pips x 500 = 50,000 per week profit


Does that look promising?? i just saw this on facebook in which I am going to tell you the whole truth. Not half or not just showing the potential. But first is that Possible? definitely YES! it is possible. getting 100 pips per week is easy but trading 500 per pip, are the most missed part and not explain in details. As for me I was hook in this kind of marketing strategy in which it led me to gambling not trading. They might show you some trades with actual pips earn and equivalent trade size. But what you are not seeing as a totally stranger to forex is the process in trading 500 per pip with confidence. Some not All have showed you how it was done and because you are new and because you see how it was made common mistake is you have seen it cured then you thought it is a cure. Since you have seen it you thought that is how to do it. since they gave you answer then you thought that will be the answer. Remember its not like common business that there is cause and effect. Its not like farming if crops are dying because of pest you spray insecticide.  its never about if this is the problem this is the solution. It will never be that way.

Since they knew people think that way they will entice you of the potential but limiting or even not explaining the type of solution to use and why. they might say the reason but not explain how it is affecting a person with different attitude and personality. Now let me rephrase the above statement

Target for Beginners

100 pips per week

Example trade 500 pesos per pip

Potential Gain 100 pips x 500 = 50,000 per week profit (very nice)

Potential Lost 100 pips x 500 = 50,000 per week Lost (will this entice you?)


Normally they will say, that is why we will teach you how and what strategy, Boom!!!  another marketing Strategy. There is nothing wrong with this because you will learn but the question is are they teaching you to trade like them or trade the way you are comfortable. How can you be comfortable? Ill give you a concrete example Your Boss  want you to do something which you know you can do it well and perfect. But the problem is the way your boss want it done is far more difficult to your ways. Take note doing it the way your boss want it done, normally you will have errors on the process.  and errors in trading can be devastating.

Then again they will say that is why you need practice and try demo, My friend I am not against on those learning what I am against is the way how they present it and the way how they teach you. So does that mean they wrong? NO they are not wrong yet they are not also right. then what seems the problem? pls be aware that in trading there is no right or wrong. Yes what they are teaching is a proven strategy, but the question there is how much will it cost you to perfectly and consistently follow it? Once you have mastered it will it give you assurance this this will work forever? For how long can you keep up on following coz for all you know there will be changes every now and then.

Even me I discourage you to follow my strategy unless we have common personality and attitude. So how can you learn forex? May i suggest to ask yourself first why do you want to learn forex?Pls dont give me the answer to earn to profit you must have deeper reason. The deeper your reason is, will also reflect how committed you are. coz slight error you will make will burn you down. If you dont have deep and right foundation after wiping out your account or after testing few tools you will quit. Believe me technicality is the easiest part, getting 100 pip is the easiest part. But applying all those technicality takes time to understand. putting them in right formation will need experience. and tremendous effort.

Dont be discourage but rather be encourage why because forex have the ultimate potential than can be the solution to your situation. I am just showing you the two side of the coin for you to prepare yourself for the better. coz in trading you will only loose if you quit.

Focus on knowing yourself coz if you knew who you are 
then its easy to know what kind of trader you will be. 

if you  know what kind of trader you are then its easy for you to pic the right tools for you to use. 
and if you have the right tools that is tailored fit for you 
then its easier for you to understand the characteristics of the market. 

 if you will understand the characteristics of the market you will not chase it but rather wait for it.

 Its good to try other people strategy for learning sake but it will be worst if follow it because it will give you profit. why? because sooner or later you will snap, you will explore.  Explore to learn not to profit. Explore to establish your skill coz once you got that skill profit will follow.