Advanced Forex

Breakouts
 Welcome
Welcome friend to this premier series of
presentations on those aspects of trading
the forex that should be of paramount
interest to you.
I have been with the forex since its
inception.
I am going to share with you my very best
gems and pearls of wisdom.
 Agenda
Trendlines

The Top Guns

Quick Trades

Recurring Patterns
 Agenda
I am focussing on these four topics
because I believe them to be strategic to
your success as a forex trader. There’s
something in here for everybody.
Trendlines
The Top Guns
Quick Trades
Recurring Patterns
 In Sum
So friend, strap in and listen up closely for
you are in for one heck of a ride.
This is no BS, no holds barred stuff that
you won’t find anywhere else.
I can’t tell you the number of tribes I
befriended and the number of mountains I
climbed to get the information I am about
to share with you.
 In Sum
Put your ego in your hip pocket and forget
everything you have learned from other
sources.
At the conclusion of this four-part series,
you will know enough to be dangerous
with your forex trading.
Above all else, always practice good risk
management discipline.
 Trendlines
There is only one person I know of on this
planet who can draw trendlines correctly.
I will show you his technique in this
presentation.
The purpose of drawing trendlines in the
first place is to identify when a trend is
changing and how far price will go in the
other direction.
 My Objectives
To show you how to draw trendlines
correctly.
To show you what to look for when price
breaks through a trendline.
To show you how to prove that the break
is convincing.
To show you how far price will travel in the
other direction.
Courtesy Books.Google.ca
 How to Draw Trendlines
(a la Tom DeMark)
Any Timeframe

In an uptrend, connect the latest cycle low to

the last cycle low, which must be lower than
the first one, drawing from right to left.
In either case, look for price to penetrate
the trendline (down) in an uptrend, up in
a downtrend (2 or 3 closes to be sure).

In a downtrend, connect the latest cycle high to

the last cycle high, which must be higher than
the first one, drawing from right to left.
 How to Draw Trendlines
(a la Tom DeMark)
Any Timeframe

In an uptrend, connect the latest cycle low to

the last cycle low, which must be lower than
the first one, drawing from right to left.
In either case, look for price to penetrate
the trendline (down) in an uptrend, up in
a downtrend (2 or 3 closes to be sure).

In a downtrend, connect the latest cycle high to

the last cycle high, which must be higher than
the first one, drawing from right to left.
 How to Draw Trendlines
(a la Tom DeMark)
Any Timeframe

In an uptrend, connect the latest cycle low to

the last cycle low, which must be lower than
the first one, drawing from right to left.
In either case, look for price to penetrate
the trendline (down) in an uptrend, up in
a downtrend (2 or 3 closes to be sure).

In a downtrend, connect the latest cycle high to

the last cycle high, which must be higher than
the first one, drawing from right to left.
 How to Draw Trendlines
(a la Tom DeMark)
Any Timeframe

In an uptrend, connect the latest cycle low to

the last cycle low, which must be lower than
the first one, drawing from right to left.
In either case, look for price to penetrate
the trendline (down) in an uptrend, up in
a downtrend (2 or 3 closes to be sure).

In a downtrend, connect the latest cycle high to

the last cycle high, which must be higher than
the first one, drawing from right to left.
Don’t forget that you can hold the trade in accordance with the trendline price
measurement approach or by simply holding on as long as MACD is above its
tirgger line.
Don’t forget that you can hold the trade in accordance with the trendline price
measurement approach or by simply holding on as long as MACD is above its
tirgger line.
 How to Draw Trendlines
(a la Tom DeMark)
Any Timeframe

In an uptrend, connect the latest cycle low to

the last cycle low, which must be lower than
the first one, drawing from right to left.
In either case, look for price to penetrate
the trendline (down) in an uptrend, up in
a downtrend (2 or 3 closes to be sure).

In a downtrend, connect the latest cycle high to

the last cycle high, which must be higher than
the first one, drawing from right to left.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
An example of two lows to the right at the
same level. Connect to the rightmost low.
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Counter-Trend
Multiple Timeframes
Will be discussed in segment on ‘Quick
Trading.

Multiple timeframes: 1 hr., 15 min., 5 min.

(trading off the 5 min.)
 Scalping
Will be discussed in the segment on
‘Quick Trading.’
 Money Makers
Will be discussed in the segment on ‘Top
Guns.’
 Indicators
On all charts: MACD w/std. settings, 50
and 200 EMAs

For scalping off the 5 min.: Bollinger

bands and RSI
 Fibos and Pivots

Fibos will be discussed in the segment on

‘Recurring Patterns.’

Pivots will not be dealt with as not

everybody has access to automatically
plotted pivots.
Set Trades & Walk Away

Not recommended although can be done if

you know the 127% fibo extension level.

Will address in the segment on ‘Recurring

Patterns.’
Money Mgt. Techniques

Never risk more than 2% of your trading

capital on all of your trades combined.

Place your stop 20-30 pips on the other

side of your trade.
 Note
The strength of trading on a break-out is
further enhanced when you trade with the
prevailing trend.

This four-part series is designed with

avoiding false break-outs in mind.
 The Top Guns
They say that there is no such thing as the
Holy Grail in trading. Well, there just might
be.
In this presentation, I will show you how a
certain group of traders have a direct
influence over price direction.
They trade thousands of lots worth millions
of dollars.
 Quick Trades
In this presentation, I will show you how to
trade aggressively and quickly.

If you have a need for speed, this

presentation is for you.

It will rev up your trading mojo.

Recurring Patterns
There are patterns that repeat themselves
over and over again throughout a trading
session.
All a trader really wants to know is where
is price going and how far.
A trader also wants to know when to pull
the trigger and then how long to stay in a
trade.