Forex Research & AnalysisCurrency Pairs
JEURIUSD = 1.0818
Base Valun is always 1.
Which means 1 EURO =
.0818 USD.
Pips
Example:
GBPJPY moves
$51220 fo 191150 100 polis o 10 Ps
EURUSD moves from
1.08400 to 1.08180 = 250 polis of 25 Pips
GOLD mavea aro calculats In Dollars
Eg: Gold mavea from
1715.50 to 1717.50=$2= 20 Pps
USD/JPY=Leverage gives you tha abiity to determina
how much you can rlsk at any glven tine,
omen ean
aa
Micro Lot
How to Choose Currency Pairs:
Mejor Currencles Minor Currancies | How'are currencies correlated in:
Aslan Session: JPY-AUD-NZD-GOLD
[EURUSD = EURIGEP ok fm ens ae DY SPLPY UP las led Vpn
a er
- GBP/USD - AUD/NZD camrency are leew active and JPY are more active 90 we select pale In tome of ective/inective seasion
veepuen Aung | CER eneeeecee ere
- USDYCAD - CHFAIPY
- AUD/USD - NZD/JPY London Sesion: GBP-EUR-CHF-GOLD
~ NZDAISD ~ GBPICAD fap aa For wample GBFLUFY, GBP/USD, EURMPY, EUR!
NewYork Session; USD-GAD-GBP-EUR-GHF-GOLD
Esample: USDNPY, GADUPY, AUDAUBD oteRisk Management 1.0
Caluulate Lot Size = $Risk /SL(polnta)
Example: If want to risk $80 and staploss is 200 paints
then Lat Size = $50/ 200 = 0.25,
‘There are two types of Risk
4) Stats Rlak (Pre-determined risk)
2) Dynamic Risk (Variable Riek)Anatomy of Candlestick
yA ay
Range Liquidity Wiek
Clee Open
Inbearish candle, liquidity wick
Is at top, Bearish candle tled to
go up, It grabbed some
liquidityttue)} to continue down
and make range
(Candos wt wis basally moane thre en RANGE forthe next cand to . Usual
sen eo now on he Gene, Bs nS. chances to pn wl neve whee ou
‘Sant kurmane.
Licquktity Wick. Range
Lew
In bufleh candle, Liquldlty wick Is at
the bottom. Bulllah candle ted to go
down, it grabbed some (iquidity us!
to continue up and make range.
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re ina uppsr wick wo. en wee wick 0 probaly fo
Dreboniy t ave Up 50-50, ‘mae dou 50-50
ie bulla conte Hore in da bead casio thre
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probably ghar hat tlt ghar ht ln ear ee
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‘When thre ano Jowar wen tha befor bulls candle means a eet
ix price opened It never aifempted is go down which be a vary
Dull on and in suey appar when Ure bs en von
frecing maaan.
Wr pm wh anc rae eo,
iighshive moc eal,
‘fla uaunly happens wten Bl4
Ham there fa no lower wiok range) whloh
sane charies of price gong tirher
donb SSD,
ee
eerHow does the market Move ?Support and Resistance (20 min and above time ttame provide higher confirmation}
‘See exhaustion of results near support and
realstance If potential counter reaction or Breakout
Is there or not.Retranement, Consolidation, Breakout, Risk Management and Reward
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feats
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feta bap ear awe
bralout i osteng nore cand tgp ample prion
‘and gt low, OR Lac at Eres cane,
eae | yerImpulse Retracements !
Wait for candis closure in Impules retracement
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Toor
Candle Closure Matters!—sBreakout Gonfirmations with new LL candle.
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The theory of Engulf
¥ Engulf is a concept where the price closes above or below the SR lines.
v The CLOSE above the key resistance or support point is a MUST.
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The Major SR