Video Card Comparison

Changes on difficulty and price of Bitcoin will greatly affect the below Calculation




You can visit the google doc to have better view of the comparison
https://docs.google.com/spreadsheets/d/1qwoBjVLGitR4jKhO6djwGjVueLnO5_DXapZXWUmjtKY/edit?usp=sharing

Trade Plan Nover 12 - 17

EurGbp

Tools
1. RSI,

2. Fibonacci,

3. Support and Resistance,

4. Divergent

5. Pattern

Why EurGBP? For the reason I spotted Divergent Head and Shoulders pattern which it has not failed me. Given that the Risk is on 25 pips its a descent number of pis that you can loose without hurting much of your capital. In which the Take profit is 50 pips bringing the ration of 1:2. My ideal point of entry is on 0.618 to form another Pattern that is AB=CD. If the market allow that the retracement is precisely on 0.618 then it will add up to my confidence that the take profit will be the exact support on 1 day chart.  

Divergent is the plus factor on this trade which supported by the pattern of Head and shoulders so meaning the best entry will be the formation of right shoulder.

Consider also the Power of the bearish candle of 4hrs chart. We can see that its power is on our side. Which the fundamentals are strongly suggesting that GBP is getting strong

Ideal number of pips to get is ONLY 30 but the full potential is 50 pips This is the reason Im going to split my trade the other is hitting 30pips the other is hitting 50 pips.

GBPJPY

Tools
1. Pivot
2. MACD
3. Pattern

To start my trade on this pattern I need to see slight pull back forming a letter M. if market will not pullback Im not gona take the trade. The best i could see on this is this can be a pottential reversal pattern. Yet because of fundamental doesent fully support the pattern that is why I rely on MACD to start trade once i saw slight pull back.

Where To Start?

Learn the Terms (Step 1)

(A) Learn the Terms 

(B) Leverage Spread and Margin call

Create a Trading Account (Step 2)

(A) Create a Trading Account

(B) Setup your account

Verify Your Account (Step 3)

(A) How much Money do we need to trade Forex

Fund Your Account (Step 4)

For Funding I use Paypal for security reasons

(A) Fund Forex using Bitcoin

Practice and Identify Basic Trading (Step 5)

(A) Identify Market Structure

(B) Identify Market Direction

(C) Money Management Strategy

(D) Money Management

(E) Identify Point of Entry

(F) Identify Support and Ressistance

(G) Time Frame Relationship

(H) Trading is a skill

Practice and Identify Advance Trading (Step 6)

(A) ABCD Pattern

(B) Head and Shoulders

(C) Bat, Gartley and Butterfly Pattern

(D)Relationship between 2 pattern

(E)Live Explanation of How I trade

(F) How not to chase the Market

(G) How to Plot Butterfly Pattern

(H) Bat Pattern and Measurements

My Tailor Fit Strategy

Important You must know who you are and create your own tailor fit strategy

Day 6 and 7 Support and Ressistance

Recommended Sites to learn about Support and Resistance

Support and Resistance 

How to trade Support and Resistance

http://www.tradingstrategyguides.com/support-and-resistance-strategy
http://www.profitf.com/articles/trading-methods/support-resistance/

What Kind of Trader uses Support and Resistance

 1. Scalper - The identify the roof and floor after that they will see if its gonna bounce or break if you are scalper you need to have specific measurement where your point of entry, stop lost and take Profit. again this will depend how confident you are in key points so in order to develop this skill you need tons of practice. usually stop lost will be direct proportion on time frame

 2. Structure - this will help them identify Higher High and Lower Low, identify trends

 3. Day trader - Price action comes on day trading where the market is open

 4. Pattern trader - it is crucial for patttern trader to identify Support and Resistance so that their starting Point of their pattern will be accurate.

 My Job to you is to show how it is done, but to know how are you going to use it with confidence, it has to be yourself to develop it here are strategy that uses support and ressistance
1. Candle stick
2. Pattern

  MUST TO DO

1.Dont just copy what the link told you try to find your most confident way to identify Support and Resistance.
2. identify Multiple time frame support and resistance and figure out their relevance
3. Figure out the best location for your stop Lost, Point of entry and Take Profit
4. Make a number of pips goal to reach example 100Pips in 1 week Try to reach this goal using only Support and Resistance trading you can combine with strategy untill you have not hit the amount of pips never proceed to the next level.


 Video will be available soon