Forex Trading For Beginner

My previous posting show you how I can get profit 400 pips over in 1 day. Now, I share the method I use for the trade that copying from kenshi22 from indofx forum and forexfactory forum.

My technic is simple 123 with fibo and candle pattern (no indicator). So lets learn about my Methode.

Find swing high and swing low.

Draw fibonacci retracement, use swing high and swing low

Find Spinning Tops candle at 50% area

Find confirmation candle after that (BULL or BEAR)

Make PRICE PROJECTION with fibonacci expansion. Use Swing High and Swing Low. First PRICE PROJECTION in FE 100 and Second PRICE PROJECTION in FE 161.8

Take action After confirm candle (BUY or SELL)

Just that it; 3 thing you must remember as your rule to trade

• Don’t trade if not find reversal candle
• Open 2 trade with same SL and different TP
• If one position hit first TP then move SL the other one to BEP +or- 10 pips (depends the action …BUY or SELL) if BUY move SL to BEP+10, if SELL move SELL to BEP-10. and wait till TP2 is HIT

I can use this trade methode with any time frame and any trend (sideway or strongtrend). Bigger TF Bigger TP Bigger Risk. Smaller TF smaller TP smaller Risk

And below the sample of my trade apply this method: