Journal April 13 - 17

Problem with Consistency??? you manage to boost your account 100% however on the next trade you lost more than you boosted??

The solution for that is Journal..
Why??

how can you assess your way of trading if you dont have data to look at.? Through journal you will be aware on what to do for the next week trade or next day trade. ON my experience trading without journal I always repeat the mortal sins of trading

1. Over trading
2. Trading without Plan
3. Trade Size.  and etc

below are the example of Journal that you might want to pattern



comment Below to so that i could give you the spreadsheet of this journal

Head and Shoulders Point of entry

I do have 4 point of entry which all must be in sequence and at least supported by each sequence

Point entry 1

Advance entry which only be true if
1. Divergent Head and shoulders or
2. head and 618 which start of right shoulder is = 35 pips or less

Point entry 2

5confirmation entry which strictly follow the rules of five
1. must be 618 retrace
2. have rejection after 618 and have opposite retest
3. rejection and retest must be 35pips or less
4 Moving average 20 and 50 cross over on 15min chart which support by MACD
5. break on the rejection point.

Point entry 3

Fractal 1hr entry this entry will only be possible
1. if it pass the 5 confirmation and
2. In between forming right shoulder and neckline

Point entry 4 Neckline

Needed 5 confirmation entry however the trade size must depend on how high the right shoulder if not posible then use 15min fractal which the second fractal will be the stop lost and equivalent to 35 Pips

1hr candle or preferible 4hrs candle must cross neckline to continue to trade to 127 or 161 fibo.

Trading Head and Shoulders to its full Potential

Strategy Used

1. 5 Confirmation 
2. 786 or 618 advance trade
3. Fractal 
4. Neckline  
5. Convert Pattern           

System and Rules Used

1. When Spotted Potential Head and shoulders. identify if it is divergent (divergent have hish success rate on forming  HS pattern)
2. Spot Potential HS on 4hrs and 1hr since 5 confirmation strategy works best on that time frame
3. Identify if it does have Parallel Channel common you can see it on 1day or 4hrs time frame
4. Use 786 or 618 advance trade with Lowest trade size if you have spotted Parallel Chanel and Divergent. it has to have at least 1 of this requirements.
5. Advance Trade Stop lost must not be higher than Head or having more than 35 pips. 
6. Advance Trade TP is in Neckline or 1:2 ration on risk. 
7. 5 Confirmation Strategy always trust this since it is proven supported with data. Remember to follow rules and requirements (watch video on this 5 confirmation) tp is on 168 or beyond. 
8. Fractal Strategy is Placed between right shoulder to neckline. Use 1hr time frame Fractal if it has passed the 5 Confirmation. NO 5 Confirmation no Fractal Strategy. (Fractal is double sword so we have to rely on the accuracy on 5 Confirmation) TP is in 127 if bar closed above or below Neckline. if not Tp is on Neck line
9. Neckline trading is used if the last bar closing below or above neckline to have high probability on reaching 127 tp. Stop lost must be on the 2nd fractal on 15min time frame or on right shoulder level. Trendline is break and or have a parallel channel on higher time frame. 
10. Common rules to all this strategy is moving Stop lost to break even if 25 pips is reach after entry and allowable losses is only 15% per trade. 
11. Be Carefull on Fundamental since this will create abnormality movement on the market that affect all our strategy exept for the Convert pattern Strategy. 

Characteristic and weakness of the strategy

A. 5 Confirmation 

• this will take hours just to have the 5 Confirmation 
• Betlog on my Forehead Sometime it retest previouse high or previouse Low before it go to the Neckline price. That is why I always remind myself to trust this system
• Major Weakness Drawdown 2 Months if consecutive lost 3 trades even passed in Confirmation better stop trade

B. Advance Trade 

• High probability of losses when used without Parallel Channel and Divergent. 
• False Break out is common watch out for this. 

C. Fractal 

• Double Sword since SL is on the oposit of Fractal More than 30 pips if SL is place in wrong price you will be in loosing money
• First Fractal from the 5 confirmation Entry is more reliable if used on the 2nd fractal make sure back up or confrim with a pattern usually a Flag Pattern
• lessen trade size. or entry few pips away from the fractal since this is 1hr time frame chances of false break out is high. that is why stop lost must be in proper place.
• It can make your money grow fast but it can also make you capital bleed fast if it is not in your favor. 

D.Neckline

• SL must not be higher than the right shoulder so adjust trade size making sure you will not violate the 15% allowable losses. 
• If SL placement is not possible on right shoulder use fractal 15 min which the second fractal from the entry point is your stop lost. This will detect false reversal of head and shoulders in early stage. 
• Parallel Channel on higher time frame must be vissible or It has break the trend line (pick above with yellow line is the trend line)

E. Convert Pattern

• If in case pattern Fail identify 
• Parallel Channel or Disjoint angle upon break out 1hr time frame safest stop lost will be on the end of the channel and TP will be on the highest previose high 
• break out often causes consolidation so make sure SL is place properly. One example is on the pic below

Key Factors and Requirements

Parallel Channel and Divergent is required in

• 786 and 618 advance trading strategy
• TP is beyond Neckline
• Convert Pattern strategy   
• Neckline trading Strategy 

5 Confiramation Pass is required in 

• Fractal Strategy

Flag Pattern with in right to necline is required in

• Fractal Strategy 2nd entry

SL Move to Break Even is required

• strategy upon reaching 25 pips away from entry

Betlog on My Head

• 5 confirmation Strategy

Fundamental Can best serve to Our Strategy and also can ruin everthing we Plan 

• Use Fundamental as whistle blower to all strategy if no supporting fact it is best not to trade

Disclaimer and Conclusion

This System and Strategy is created through my 4 years of experience on trading Forex. It is tailor fit design to my own Personality. which the combination of indicators, Time Frame  and Pattern are used to best serve and cater every weakness of individual strategy. Documentation in regards with this combination is still On Going which started on Aug this year however documentation on the 5 confirmation strategy which i can recomend are posted my youtube where you can see months of data from analysis down to making a trade in Head and Shoulders. This May not or May work on you. Guarantee on this creation is not 100% since time to time there will be updates and enhancement, and due to the nature of the Market that is forever changing. But as far as the Data and Documentation is concern it gives more than number of pips compare to my Proven system. (the 5 Confirmation).

Use this at your own Risk, but the way to deal with my creation is to enhance it according to your strength and weakness in trading. if by any case 

1. you dont know yet your specific skills in trading,
2.  If you dont know yet your strength and weakness in trading,
3.  if you dont know what kind of trader are you then 

DO NOT USE this strategy for i am very sure you will loose money 100%

Documentation on specific Analysis and Currency traded with this  System
Click link Below...

MONITORING

PDF format

How often You see Head and Shoulders Pattern