Bank

Profits in
Forex
Trades
FY 2024
NOTE: Forex Trading is not a get rich quick scheme, hence this book will help
you to trade comfortably, compounding profits, at the end of couple of-weeks /
months / year or so – one would realise good profit yields.But Forex trading
may not be a suitable investment due to volatility of the market, thereby trade
responsibly and be aware of heavy loses that comes with volatile markets.

BY:JOEYFXKING
Cell +263 784 549 613 .
[email protected]
Omitted on purpose.
Pg. 01

Omitted on purpose.
Pg. 02

Contents
Profit & Lose Management _____________________________________________________
All About Market Structure _____________________________________________________
Introduction To The Price Action Strategy _______________________________________
Momentum Candles __________________________________________________________
Key Zones And Consolidations _________________________________________________
Types Of Entries _____________________________________________________________
Correlation Rule _____________________________________________________________
Stop Lose ___________________________________________________________________
3 Final Stages To Be A Real Trader ______________________________________________
Pg. 03 Per Trading interval as a beginner .

Promise yourself
that you will Per Trading interval as a beginner .
employ a military Expected Your Profits Expected Your Loses
discipline. Targets
(Days) From $20 Deposit Loses
1 $5 $1
2 $5 $1
3 $5 $1
4 $5 $1
5 $5 $1
6 $5 $1
7 $5 $1
8 $5 $1
9 $5 $1
10 $5 $1
11 $5 $1
12 $5 $1
13 $5 $1
14 $5 $1
15 $5 $1
16 $5 $1
17 $5 $1
18 $5 $1
19 $5 $1
20 $5 $1
Target $100 $20
Pg. 04 Per Trading interval as a beginner .

2nd Month Deposit $100 figure 1.1

Expected Your Profits Expected Your Loses
Profits
(Days) Loses
1 $10-15 $3
2 $10-15 $3
3 $10-15 $3
4 $10-15 $3

5 $10-15 $3
6 $10-15 $3
7 $10-15 $3
8 $10-15 $3
9 $10-15 $3
10 $10-15 $3
11 $10-15 $3
12 $10-15 $3
13 $10-15 $3
14 $10-15 $3
15 $10-15 $3
16 $10-15 $3
17 $10-15 $3
18 $10-15 $3
19 $10-15 $3
20 $10-15 $3
$200-300 $60
Target $150+ is enough
Pg. 05 Per Trading interval as a beginner .

Financial Summary
 After achieving the first $100 Profit. It will be much easier to make $200
per month which will be your monthly target until 11th month of the same
year. (“Following the risk management table”)
 Your monthly Target should be at-least 100usd with the initial deposit of
100usd.
 Your daily target should be $10+ until day 20 - whether or not you are
trading synthetics or currencies just use this table, meaning your month
is 20 days.
(“Am sure everybody want weekends as days off, off the chats right?”)
 Every month withdraw 100+usd consistently and use 100usd remaining
balance to trade with.
 With $100 initial deposit your expected loss per trade should be at most
$-5 but I recommend $-3, hence profits being $10 to $15+ per trade.

At the end of the year you are at $2200 or somewhere close because we are
aware that trading is not always 100% win streak .However ,there is a way to
maximize your wins per trade .rather expecting to get $10 per trade you might
get more than that ,which of course can buy your loses back .The goal is to
linger around long enough ; meaning we can lose but we should still have
more chances to look out for more opportunities so that once good
opportunities come ,we can maximize on them, than exposing your account a
lot and missing on good opportunities after blowing .We will look into how we
can archive that in other chapters - which we will focus on the strategy we use
to make profits with good risk to reward and good risk management, but for
now let’s throw away bad behaviors such as :using big lot sizes /opening
many positions “chocking your account” /Not putting your stop lose / using
Pg. 06 Per Trading interval as a beginner .

indicators “Note indicators should not be the kind of tools which tell you when
to open positions but they should be used as extra conformations -never
depend on them 100%” .

There is an everyday theory which happens all the time in forex trading. It is
called “The Coin Theory” .What happens is that whenever one opens he’s or
her positions there are only two outcomes ,its either the market goes up or
down , meaning its either you will see blue or red .Having that in mind ,this also
means whenever we place “a Buy” or “a Sell” we have 50% probability that we
win or lose ,the honest truth is that no one knows whether you will win or lose –
since you also stand a 50% chance of losing .

Suppose you toss a coin 10 times. Say Heads represents Win & Tails
represents loses.” Note you can try it with a real coin too”

Let’s say these were your outcomes: L, L, L, L, L, L, W, W, L, and W

Imagine having to trade from Monday to Friday but losing. Many of you “90% -
99% of traders” will be very emotional. Some would have blown their
accounts way before the 4th day. Many of you will quit, many will lose hope
though they might have a good strategy, but they won’t know that because they
are losing a lot. This simply means that trading is not only about having a good
strategy because none of your mentors or friends know the forex sequence,
that’s why I said “linger around long enough” You might be wondering and
thinking, but still, after trading 10x there are only 3 wins and 7 loses. You
might be thinking you would have lost big time, but if you employed a military
discipline and followed risk management plan we projected above you wouldn’t
have lost .Let’s look at it practically.
Pg. 07 Per Trading interval as a beginner .

The Strategy in this book is 1:3/4 minimum to 1:7 normally & 1:10, others
(++depends) Risk to Reward Ratio.

TRADING DAYS OR TIMES figure 1.2

MON TUE WED THU FRI MON TUE WED THU FRI

L L L L L L W W L W

1 2 3 4 5 6 7 8 9 10

$3 $3 $3 $3 $3 $3 $9 $9 $3 $9

As you can see that it was hectic trading by the first week , We made couple of
loses which totalled to $21 lose ,and we did not win a single trade .Professional
traders know that this is very common and very normal ,hence we shall trade
next week with good risk to reward ratio and good mentality .”We don’t revenge
we trade the market” .Coming to week 2 .We were again surprised by another
lose .Should we lose hope? , blame our mentors? Or blame the strategy? Nahh

Now coming to the following day or the next trading interval depending on how
you trade you would have walked away with $9 profit. Clap hands for yourself if
you would have kept on trading with good risk management and same
mentality of best composure even after experiencing a hard previous week.
Again, you won on Wednesday $9, then -$3lose, followed by $9profit.The
summary to this is, per total of 10X trading intervals, it was very hectic. Our
total loses where $-21 But according to our good
Pg. 08 Per Trading interval as a beginner .

((Risk to reward ratio & patience)) We managed to get Gross profit of $18.
Our Total Profit however was $8. Which means there are loses in Forex trading
but we have to manage and be disciplined. Now you have seen how hard it is
to blow your account.

Let’s look at figure 1.3

TRADING DAYS OR INTERVALS figure 1.3

MON TUE WED THU FRI MON TUE WED THU FRI

W L W W L W L W L W

1 2 3 4 5 6 7 8 9 10

$9 $3 $9 $9 $3 $9 $3 $9 $3 $9

As you can see that both weeks were profitable and we managed to secure
profits, the good thing is we maximized (our good risk to reward helped us a
lot).Our total loses per 10X trading is $12 and our Gross profit is $54; and our
Net Profit is $42.the wonderful part is that, this calculation is based on the
minimum risk to reward 1:3. Imagine if in this very same table you managed to
catch normal risk to reward - your Net was going to be at $144. What if ++?
hmm...am sure you got the idea by now. The next chapter shall be focusing on
the introduction to our trading strategy, but to make sure that we are all on
the same page or level, we shall first look at the Market structure, then apply
the strategy. The Market Structure helps us to know where we are in the
market and that will keep us safe from Trading blindly. The above information
teaches us to treat forex trading as a business and manage loses.
Pg. 09 The Market Structure

The Market Structure

This chapter will help us understand how the market moves and how as traders we should look
at it and understand which phase the market is trading in.
We always start
from a higher time
frame going
Figure
down. This
market is on up
trend, in short, we
like to trade in the
direction of where
the market is
going, thereby we
look for more
buying
opportunities in
this instance to
tell that this is an
up Trend or
Bullish trend we
notice that by
seeing the Higher
Tips or Higher
Highs and Higher
Lows.”

The process is the

same for a down By now you can tell where the market is headed ,it is on an up Trend ,meaning its Bullish or
trend, we want the moving up wards .
lesson to be quick
and brief yet very
informative.
Pg. 10 Drawing channel lines

Drawing channel lines

The channel lines will help “us” the technical analizers to just give us that clean stracture or
where the market is going and where to take trades from.As you can see that the last Higher
Low did not touch the lower channel line, this is because the market doesn’t always move in
the way we think, hence many people would have missed the third touch hoping to place a
Buy position .It would not be a bad thing to waiting for the third touch of the Higher Low to
touch the bottom channel line before placing a buy position as it’s part of our strategy too,
however as a professional trader you must know that it’s not always the case-where the market
bounces exactly on the channel lines. A factor which could have made us not to miss entering
by that Higher Low is where it bounced. It Bounced at a soft KEY ZONE or a Resistance
Zone. I will explain that in the following page
Pg. 11 KEY ZONES /RESISTANCE LEVELS/ZONES

KEY ZONES /RESISTANCE LEVELS/ZONES

Can you see how the previous peak or Higher High became the resistance level .Basically in
all the higher time frames there are resistance zones per peek .to keep our chats clean we
focus mainly on the current peeks so to anticipate the current move we want to predict and be
In .in this instance this is how you should always analyze your chats start from a higher time
frame, check to see where the trend is going In this case its Bullish-so you draw your channel
lines ,then draw your resistance zones .It’s either the market will bounce on the resistance
zones or by the channel lines. So, we now know that sometimes resistance zones are
respected and sometimes the channel lines are respected. You might be wondering why we
are still on D1 time frame. don’t worry we shall move on to the lower time frame(s) and show
you where to expect our strategy as you may now have an idea of where we could expect the
strategy to happen.
Pg. 12 Market structure Continuation ……

Market structure Continuation ……

We can vividly see that the market plays like this all the time .It sometimes respects our
Channel lines and sometimes not. In this case those who waited for the third touch by the
bottom Channel line to come so to place BUYs would have lost big time, We would have been
safe due to we wait for our strategy to play on H4 if it doesn’t happen it means the market
might pass through so we rather wait, if our strategy doesn’t show on H4 we rather walk away
than trying to catch a moving train because we don’t know when it is going to stop. We again
draw our Resistance Zones or what we call a key zone referenced by the previous peeks. If
the market has reached that level then we look for the strategy. Now Having that mindset
means you don’t just take trades everywhere or all the times.
Pg. 13 Evolving with the structure

Evolving with the structure

Every time we analyze the market we have to always evolve with the structure .Figure
[previous peak] revealed to us that the market can just pass through our Channel lines easily
,in that note as a trader just know it want to look for a place to bounce on , meaning just know
that it might bounce on the Key zone .Now redraw your channel lines like this .This is to still tell
you that we are still on a type of a structure in this case we are still in an Up Trend, since the
Channel or the Structure is still facing up wards .
Pg. 14

As you can see that even if the steep Up Trend on Figure [] was broken down, we missed a
BUY position because the strategy might not have played on H4, then we redrew the channel
line then we had another option which is the KEY ZONE(S). Now it’s becoming clear isn’t .look
at where we would have took an entry for our Buy position .this position was analyzed from a
bigger time frame, in this case D1 (Uptrend structure).then we draw key zones [by Lower
Highs] referenced by the previous peeks .Note Higher Highs/ Higher Tips are also key
zones depending on how you are trading and where you are going .in this case we want to Buy
so what is relevant to us is the previous [Higher Lows] as our Key zones.
Pg. 15 The strategy (W or M set up)

The strategy (W or M set up)

We basically trade reversal patterns, we look for “W” set ups when wanting to buy or an “M” set
up when we want to sell. For a recap, 1) we started by Drawing Channel lines on D1. 2) we
drew a Key resistance Zone.3) we move to a lower time frame in this case H4, that’s where we
look for the Reversal patterns –which is the (W set up). With that being said, we then open Buy
position represented by that green box.

The strategy got laws though. We don’t just use any W or M set ups; those laws are called
Strategy Principles which grades the strength of the strategy in percentages. Not all the M or
W set ups that play or happen on our favorite places like Key Zones or Channel lines would
give us an expected move. Some reversal patterns just don’t work at all be informed.
Pg. 16 The Strategy

The Strategy
These are the Types of reversals we look out for. The Tips should not be of the same size. The
third diagram on this image can arguably called the Head and Shoulders pattern, but it can
also be an M set up because there is an M still - depending on how you look at it.

The Green Box projected above Marks the place where we expect to see the 2nd Principle of
our strategy. we expect to see Momentum Candles ,I will explain why I said the second
principle later on .But for now the candles we expect by the last leg of the reversal patterns are
named as follows : either we look for Harames, Engulfing Candles or Rail Way Track
Patterns .Our reversal pattern must have any of the momentum candles .These .Momentum
Candles have proved to be the most reliable and consistent over many years of my trading
,some traders have more than 5 or 7 momentum candles but it’s risky and not recommended
.These three Momentum Candles are very powerful .Momentum candles from the word
Pg. 17 The Strategy

momentum mean there is going to come a big move ahead or coming. That’s the language of
Forex markets .They can be used as warnings to those who trade blindly and as an alert to
those who know what they are doing and they will be happy to know that In couple of few time
intervals they would be swimming in profits ,definitely .

Note, Train your eyes to see those candles by our strategy ,if they don’t play walk away unless
you just want to gamble with your account .We do not tolerate gambling in this business .

Let’s look at our most reliable candles in the page below.

Pg. 18 Momentum Candles Close Up

Momentum Candles Close Up

Colors don’t matter and they these candles signify a Momentum. They represent a possible
bearish momentum or Bullish momentum.

Again, color coding does not matter as long you can spot those candles. They represent a big
move either bullish or bearish.
Pg. 19 Principles

Principles
1) Locate a Reversal Pattern

2) Locate Momentum candles

3) Draw a slanting trend line, (it should not be violated, we shall dive deep into violations)
Pg. 20 Strategy Overview / 6 Principles

Strategy Overview / 6 Principles

Principle 1 =Reversal Patterns 20%

Principle 2= Momentum Candles 20%

Principle 3 =Slanty Trendline 20%

Principle 4 = Key Zone/Resistance Zone or Channel line 20%

Break Out (5) ……Retest (6) …. 20%

Then Open Position (Shall be explained in next chapters using MT4/5 Chats)
Pg. 21 Market structure variation

Market structure variation

This is a Down Trend as we can all see.” Note. Two Top tips (peeks) and two Bottom Tips
makes a Channel “.

Look at how some people trade blindly .The green Box shows you where we have to take our
trades but if we go to H4 we would not see any reversal patterns there because the market will
be pass the Top Channel line quickly .Hence we would have not Traded and we would have
been saved by price action from that big spike or Fake Out ,Those who trade solely on
Channels would be damaged because its either they don’t wait for Reversal patterns or the
reversal patterns would be there but with one or more principles not mate ,leading to pushing
up a bit before selling. That fake out acted as if the market wanted to change direction to go up
but bounced once again on the Key Zone. So, if our Strategy did not play on Top Channel
line, we would have waited until it plays by the key zone, then we make sure that all our
strategy Laws are mate, if they are not all mate, we leave the chats and look at other pairs or
opportunities.” it’s better to miss a trade than forcing trades”
Pg. 22 Market structure variation

That’s a perfect Entry, if there is our strategy on H4 and all 6 principles mate. That’s what
makes our analysis [100%]

Sometimes I take 70% analysis of trades for early entries, meaning some principles would
have not been mate to make it a 100% analysis. But there is a perfect to hop in the trades early
with better certainty which I will discuss later on.
Pg. 23 Strategy Overview / Principles

Strategy Overview / Principles

All the green boxes reveal where we should open our position for either a Sell or Buy.

You can see that you don’t need an indicator to analyze the chats. By now you have leaned
great knowledge that will change your trading perspective big time. Everything is becoming
more professional now don’t you think.

There by 1 and 2 possible entry positions, that’s where we look for opportunities with dual
perspectives in mind .Thus if the strategy does not play on 1 we wait for it to play there by 2
otherwise we walk away.
Pg. 24 Continuation on Market Structure

Continuation on Market Structure

From Page 18 up to 20, It won’t be a brainer that if we would have Started from W1 time
frame to analyze, we would be on temporarily down move of this chat. Hence, we have to know
that selling is okay, Channel lines of bigger time frames are Very powerful. We can Sell
anywhere from that down move but we don’t Sell anywhere close to the Bottom Channel Line.
Since we are price action analyzers, we know that Channel lines can be respected and can get
the market to bounce really hard to follow its bullish structure.

But if we Move to D1 we realise that we are at a Down Structure. Hence look for the
opportunities according to the structure and principles.
Pg. 25 Consolidating Market Structure

Consolidating Market Structure

It is also known as sideways structure, there is none fancy about this structure, it is just that the
market keeps on finding Key zones and failing to break out. With our strategy we take
advantage of that. We move to H4 and see if our strategy is there and All Its Principles, if “Yes
“then we open positions. So simple. Trading is about simplicity, consistency and discipline no
matter the outcome. Repeating the same thing over and over again without diverting will result
in us Banking profits in a long run.” Remember the “Coin Theory” always risk well
Pg. 26 Key Zones on Consolidating Structure

Key Zones on Consolidating Structure

Our Next lesson shall be focusing on real Trading Chats scenarios using MT4/5 platform, and
recapping everything we leant so far but in more practically and covering all other aspects that
I couldn’t explain in the simplicity format of Sample drawn diagrams. All the “I will be explain
this and that in the next chapter” and “I will explain violations”, shall be covered fully.

” Don’t forget to Bank More Profits in Forex Trading”

Pg. 27 The Strategy on Real Chats

The Strategy on Real Chats

It’s a must. You have to look for these.

Resistance Zone (Check 20%) / W set up (Check20%) / Trendline (Check20%) / Momentum

Candles on the last leg (Check20%) /Break out Candle (Check10%) / Retest Candle
(Check10%), Finally Open a position. You open a position as soon as the Retest Candle
Closes.

A Break out Candle: it is the candle which merely breaks the slanty Trend Line successfully.
Its body should start below the Trend Line or exactly at the Trend Line and Close above the
Trendline.

Retest Candle: It is the Second Candle from a breaking candle; hence its main purpose is to
ensure us that the market has no intensions to reverse. Its Body should start above the
trendline and close above the Trend Line (its color doesn’t matter). If it closes below the
trendline the principle would have been violated or disrespected we rather disregard and walk
away.
Pg. 28 The Strategy on Real Chats

Money Candle: It is also called the Execution Candle or Entry Candle. It is self-explanatory.
We open a position as soon as it starts.
Pg. 29 Trendline

Trendline
The Trendline Should start from any point,” yes really, any point “projected below then touch
the Neckline, then pass through the other leg.

Rules : The Trendline should start from a point which is anywhere above or below the
candle’s body if the body has a wick - we respect wicks ,so we draw from the Tip end of the
wick to the tip of the Neckline (cutting wicks or bodies is violations) .If the Neckline has a
wick(s) , we again respect and make sure that whenever we draw our Trendline we have to
touch the Tip on the Neckline .Failure to draw a Trendline it means the analysis would be
violated ,we would abort the Trade ,
Pg. 30 Let’s Start To Implement Everything

Let’s Start To Implement Everything

There are two places we look for our Strategy. Either on the Key Resistance Zones or on the
Channel Lines of the structure. We use multiple time frames to analyze Starting from a bigger
time frame to smaller ones. D1 is ideal to see the overview of the market structure .H4 is ideal
for looking out for the strategy .so is H1, M30 and M15 for an early entry. We can even go
lower than that to M5/M1 but only on very volatile instruments, avoid M5/M1 because these are
very “noisy” or inconsistence, use M15 as your minimum rather. When you are now a pro that’s
when you can start to shift to even M5/M1. Even if you won’t use those smallest times frames,
it doesn’t mean you won’t make money.

In this case I Analsyed from D1 ,I found out that there was a strong Resistance Zone .When I
shifted to H4 I saw the strategy .i Drew my trendline perfectly (It respcted all the points/Tips of
the NeckLine etc).I waited for a Perfect Breach/Break out ,a Retest .then took a BUY .
Pg. 31 Your Stop Lose

Your Stop Lose

Your Stop Lose should be Few Pips below the Last Leg of your W or M setup.

As you can see that this strategy paid up and gave us a Risk to Reward Ratio of 1:3.5 to 1:4.
This means that trading from H4 is not tricky as how people think. You just use small lot sizes
and refer back to your account size for this time frame. For those who think it’s hard to trade on
H4 don’t worry, more lessons shall follow up on how to Sniper Enter by the Tip End of the
bottom last leg of the strategy - so to maximize your Risk to Reward Ratio. With a good sniper
Entry this very same trade would be 1:8 to 1:9, but it’s also an advanced way to take Trades
since it requires multiple time frames. For now, practice to open positions on H4 time frame .H4
setups are slow to come through ….” Yes” that’s the point, you need to learn to be very patient.
Then after you have gained more experience you can then learn to be an early enter. Trading
on H4 is not bad. Many traders in my community don’t even go lower than that. Because they
trust this strategy 90% of the times it plays well, so they are content with how it pays and they
don’t have to trade every day or all the time which is a good thing anyways.
Pg. 32 AUDUSD H4 ENTRY

AUDUSD H4 ENTRY

The strategy is simple and straight forward when you have been practicing. It should be your
Second nature to never miss these good opportunities. As you can see, the previous strategy
we took is now a Key resistance Zone for our current strategy. All Principles are mate, and the
Trade gave us a good Risk to Reward ratio of 1:5. Bear in mind that for the advanced traders
or early entries the reward would be more because the stop lose would be tighter.

I have multiple Forex Brokers but I do recommend you to Trade with my most reliable broker
Click HERE  DERIV

Click DERIV or the images above to open your Demo and Real Trading Account in few
minutes and start trading right away. For those who like to trade Synthetics, well, use the
smallest lot sizes when you are a beginner, for those who Trade currencies, use Micro
currency pairs which move much slower than standard currency pairs, But if you have gained
more skill you can change your risk appetite. Safe trades ladies and gentlemen.
Pg. 33 Take Profits

Take Profits
You might have been wondering, where do we place the Take Profits, well it’s easy,

Previous Peeks become our Take Profits Levels. Even Bottom Peeks will work as Take Profit
levels depending on are you “Buying” or “Selling”. The Channel Lines are also Take Profit
levels since they are drawn from a bigger time frame than the one, we trade in. “bigger time
frame lines should be taken seriously they are much stronger than smaller time frames”
Pg. 34 Take Profits

AUDUSD

As you can see that history is used to tell the future. That’s what Price Action Traders do. If you
use all of the Technics in this book, before you know it, you will be a Price Action Analyst. The
Type of a Trader who do not need any indictor to interpret the Market. As you can see that we
have 5 Tps and 4Tps got hit .Before the 5th Tp was about to get hit ,we already knew that the
Market had gotten Exhausted and Might go down .Since it has found Our 4th Tp which is acting
as the Resistance Zone ,We can tell because it kind of wanting to form an M set up .but if any
of our principles get disregarded we do not sell .It can also mean it will then go up and
hopefully Bounce at our Most favorite Exhaustion Level or Key Zone by that last top blue Zone
(On the Chat).
Pg. 35 Early Entry / Sniper Entry NZDUSD

Early Entry / Sniper Entry NZDUSD

Having had came from D1 and H4. then you see this

Beginners of the Strategy will have to wait until all the principles are mate (100%)so that they
can Open a Buy Position. But early Birds Use the Key Zone .and check closely how the
market is reacting on the Key Zone. If it is showing signs of Trying to form the last leg of the
W set up, that’s when we move to H1. Definitely there will be our Strategy there, if not we
go to M30 if not we move to M15 our minimum time frame. Once we locate our strategy, we
Check all the Principles from that particular small-time frame. W setup (check), Momentum
Candles (Check), Trendline Not violated and drawn properly (Check), Break Out (Check),
Retest (Check) =Finally We “BUY”. Stop Lose placed just below the last leg of W. You will
realise that by the time you move back to H4 the market would be still painting the Momentum
candles of the H4 ,but you would be already in the trade and your SL would be smaller.by the
time the H4 candles breaks the H4 slanty Trendline ,Retest then open a Money candle ,you
would have Banked more and risked almost to nothing in comparison to where the market
would be going .A minimum Risk to Reward Ratio of H4 which is 1:3 would be 1:8/9++ from H1
or smaller time frames .It will be clearer very soon if you are still puzzled .
Pg. 36 Early Birds Entry EURJPY M30

Early Birds Entry EURJPY M30

Check to see how small the SL would be ,and so far so good with this type of risk to reward
ratio its almost 1:7 and it would definitely go even furthure because this is M30 .by the time it
hits the first Tp of the H4 time frame you would be on 1:14 or more possibly .That’s what we
call maximising .

Don’t forget we are still consistent, we make sure all principles are mate on all W or M setups
regardless of which time frame we are in, IT SHOULD BE YOUR SECOND NATURE! For now,
I just want to congratulate you for keeping on reading this book up to this stage. Feel free to
get in touch if you want to join our community or if you want one on one clarity explanations,
knowledge is power, don’t forget to “Bank Profits in Forex Trades” .Destroy those broker’s
“soldier”.

Next Chapters shall be for motivation purpose. I will show you some trades I took on one of my
accounts. [Rand Account] 1usd = 18.84zar that was the exchange rate then.
Pg. 37 Early Entry on NASDAQ/US100

Early Entry on NASDAQ/US100

Please note ,Nasdaq is a very volatile instrument ,and is not suitable for those who don’t know
what they are doing, therefore since you have read up until this level ,am sure it’s a matter of
just practicing which will get you to trade US100 also known as Nasdaq effortlessly .Since
Nasdaq is very volatile, we can’t afford to trade on big time frames unless of course our
accounts can withstand the big SL .But why do we worry while we have leant how to be early
Birds .This means we can Trade big time frames like H4 on Nasdaq but entering very early to
Maximize our profits from its volatility .

Time [20:53]

I had finished analyzing from D1, H4, H1, because its Nasdaq. I
had to look for entry points on smaller time frames, I went to M30, then on M15, that’s when I
saw a perfect opportunity. on M15 the retest Candle was still active. Which means I would
have had to wait for it to close so to open a position if I want to use solely M15 for entries .
Pg. 38

Time [20:53]

But This is how it looked on M5. The money candle had already opened and closed, but
luckily the market was still around the money candle area .so I opened a Sell Position.
Pg. 39

20:53 20:54 20:56 Harvesting Time

As you can see that you can quickly make quick bucks if you know what you are doing even
with fast moving Markets. For those who Trade Synthetics ,the Strategy is the same ,You
have to be an early enter because almost all the instruments in synthetics move like Nasdaq or
way faster,either you enter pretty early or use the smallest lot sizes. So Multi-time frame
analysis is very importamt though holding and checking your H4 is ideal for Tps so to destroy
the brokers with an overview perspective .
Pg. 40 Recap

Recap
Check to see how far your stop lose and entry would be if you wait for H4 principles.

But if you have been following through and read everything without jumping a single lesson .it
won’t be a brainer that if you were trading this part above, you would have long been in the
trade. somewhere by that green rectangle - in comparison to those who wait for H4 money
Candle which is by that purple rectangle. We shall see on the next page how it would have
been if we took the trade using M30 as we are early birds.
Pg. 41 Recap Continuation.

Recap Continuation.
AUDUSD H1

As you can see early entry is a “Must Have Skill”. Learn the skill quick. this is your “Diamond”.
The next topic shall focus on an important skill that all currency traders should have. Synthetic
Trades can take the notes too but its optional for they won’t be affected by it even if they don’t
learn it, because there isn’t anything called (base and quote currency) in Derivatives or
Synthetics .
Pg. 42 CORRELATION

“Feel free to get in

touch if you wish CORRELATION
to join our In order to Bank more profits, we need to understand how currency pairs operate. Take
community and so [GBPUSD] as an example, if you place a Buy on this pair, the first currency in the square
to understand brackets would be the one you will be Buying. Which means you are Buying GBP and saying
topics you did not it will appreciate against USD. Since you placed a Buy on this pair, it also means that USD is
comprehend weak against GBP, hence you will be Selling USD automatically.
well”. Since currencies are based on the economy of a particular country. If that particular country’s
economy gets weak i.e., USA while other countries are doing just fine, this means USD pairs
would be weak against many pairs. i.e., when Russian Ukrainian war started, American
economy was weakened a bit due to the fact that it was pumping more “bucks” through
artillery and Billions of loans in order to help Ukraine. However, the members of European
Union did not suffer that much from the Russian/Ukraine war. This meant that at some point
[EURUSD] was Buying or strong. Roughly all the pairs with [###.USD] on the right will be
Buying and all the pairs with [USD.###] on the left will be selling, since USD is weak. But Price
Action Traders can trade without having to look at what the daily news is saying, we simply
know how the market movers project the chats, News only gives us volatility and our strategy
works on any condition “thank Heavens”.

Correlation is, what happens on another pair is also happening on other pairs only if there is a
connecting currency. If you take a Buy position on [EURUSD] EUR Is strong so you are hoping
that your trades will be bullish. However, since you already know that USD is weak, it also
means that all the pairs with [USD.###] on the right side should be selling .

In short if you take a Buy on [EURUSD], also take a Sell on [USDCHF] [USDJPY][USDCAD]
etc. if they all show similar chats- because we know that USD will be weak across many pairs.

If you take a Buy on currency pairs with USD on the right side [USD###] maybe because the
economy of USA is re strengthening , this means USD will be bullish .So for example if we
BUY on [USDCHF] pair , we can also buy [USDJPY] ,[USDCAD] etc. ,but we Sell other pairs
with [###USD] on the right side. SELL [EURUSD] ,SELL [GBPUSD] SELL [NZDUSD] ,this
means am selling EUR,GBP,NZD but Buying USD -which primarily was my main objective
.This also means after you analyze a particular pair and seen all principles ,Please do check
other pairs with the same connection of a currency they might show you exactly the same
Pg. 43 CORRELATION

strategy ,which means you will have many trades across many pairs But not forgetting that we
need to see the W or M setups .

Quick Tip

READ THIS BOOK THREE TIMES .

1 Read it for the first time but do not take any notes just try to understand .

2. Read for the second time, but now you need to jot down key points .

3.Read it for the third time, by now you would have had more understanding of this book
and you will jot down other points that you missed and just did not realise .

Our brains just forget things sometimes even after an intensive learning ,but repetition reminds
our brains and keep the essential knowledge.

Note If you treat trading like any of school modules you will likely pass. To pass any Module
just like you already know from high school or college, students revise – That’s what am talking
about revise or repeat so that all the concepts become your second nature to you. Don’t just
rush to sit for an exam, preseason is important, prepare! prepare! prepare! then Trade.
Pg. 44 Correlation on Real Chats EURAUD

Correlation on Real Chats EURAUD

As you can see that EUR is about to be weak, we check all the analysis and principles and
take a Sell after Breach and Retest Candle on H4. For those who are early enters, this will be
the right time to shift to lower time frames and look for a perfect M set up on the last leg ^ of
H4 “M “so to get in early.

Automatically this means AUD is Strong, so all the pairs with AUD at the right side [AUD###]
are going to be bullish, look for Buying opportunities following solely the strategy.

Check the similarity of the strategy with the connection pair [AUD]
Pg. 45 Correlation on Real chats AUDJPY

Correlation on Real chats AUDJPY

As you can see that [AUDJPY] is going to be bullish any time soon. this fulfils that AUD is
going to be Bullish soon against many pairs. As you can see, we can either go to a smaller
time frame and get early entries, or wait for H4 Trendline to be Breached, Retested then we
open a Buy Position. The Choice is yours.
Pg. 46 Correlation on Real Chats AUDCHF

Correlation on Real Chats AUDCHF

[AUDCHF], AUD is going to be strong against many pairs and our strategy keeps on
happening.” How Amazing”, now this my “friend” is the professional way to look at the market,
so we would not make silly mistakes. we simply wait for correlation then open many positions
in different pairs Only those correlating pairs that show our strategy are the ones we shall
Trade the most.

Again, it’s either we wait for H4 Break, Retest then we Buy, or we just shift to the smaller time
frames so we get in early.” am sure you got the hang of it by now”.
Pg. 47 Correlation on Real Chats [AUDCAD]

Correlation on Real Chats [AUDCAD]

Same thing applies. How convenient that is.

Summary: We choose any pair to analyze from a bigger time frame. We shift to H4 to wait for
the principles or use early entry techniques. To have many opportunities, we look for
correlating pairs. They more likely to show the same thing. Correlating pairs need to have one
currency as the connector (connection), meaning (EURUSD) and (GBPJPY) can never
correlate for these have got different currencies with no connecting currency or relation. Even if
they project the same structure, it would just been a random occurrence. [USDJPY],
[GBPUSD], [USDCHF] etc. can correlate -since USD is the connector.
Pg. 48 POWER OF CORRELATION

POWER OF CORRELATION
As you can see that I took more than 3 pairs at the same time and they all paid up .
Pg. 49 The Chats of My Trades (XM Broker)

“Please Note
,always trade with The Chats of My Trades (XM Broker)
a SL ,the reason Same thing over and over ,this book is titiled “Bank Profits In Forex Trades” this is what we
why I removed my mean .But please start small .and get used of the strategy .always put a SL .
SL(s) is so that I
warn people who
Trade like this
,this would be
considered as
rhetoric trading by
professional
Traders. DO NOT
EXPOSE YOUR
ACCOUNTS ,The
market is not your
friend my friend,
all those profits
can easily go if
you are not
disciplined
enough to put
your things in
order (Stop Lose
please) .”.
Pg. 50 Your Stop Lose (SL)

Your Stop Lose (SL)

Every Entry you place please! Put a stop lose.
Our SL are based on the time frame you use to execute your trades. For example if you
execute your trades (opening positions on H4), your SL should be 5 pips below your last leg of
W set up when going long, or 5 pips above your last leg of M set up when going short. Usually
it should be about 50-60 pips depending with the pair. But since you now know how to sniper
your entries, you can have a SL of 15 to 20 pips by utilizing smaller time frames for your
entries. I recommend not to make your SL lower than 15pips no matter who tells you to get it
tighter .Do not be stopped out prematurely.

Congratulations on making it this far, I really hope you will find this
book to be very helpful.

My recommended forex brokers are as follows:

FOR CURRENCIES USE XM BROKER

 You also get a 50% -100% deposit bonus, Meaning if you deposit
$50 you can get $75 -$100 In your trading account.
 Your initial deposit can be withdrawn at any time, You cannot
withdraw the bonus right away buddy come on, but once you trade
and make profits of off it, you can withdraw the profits.

FOR SYNTHETICS USE DERIV BROKER .

 They have tight spreads, good leverage even when using

small deposits.
 1.888 & 1.1000 maximum good leverage respectively.
Pg. 51 (Exercise 3 Stages to be a real Trader)

(Exercise 3 Stages to be a real Trader)

Stage 1

Open the demo accounts, Test the strategy for the whole month or maximum of two months,
do back testing. Put in hard work. Refer to the book for any misconceptions. (Primary level)

Stage 2

Activate a Real account, Deposit funds that you are willing to lose, yes you read it correctly. I
recommend depositing anything from $20. The reason is that – back testing and Demo trading
does not involve emotions hence 95% of everyone reading this book will flip their Demo
accounts extremely in good profits using the same strategy. But will find it hard to flip their real
accounts because every tick of the market move counts in that condition. Flip your account
5x before moving to the next stage, Do not skip this Stage because that’s the one which
shapes who you are, whether you are disciplined or not, good trader or not. (Secondary level)

Stage 3

Now that you have passed stage 2 .You are now a real trader. Go ahead and deposit $100 or
more .Trade it with good risk management as I have been emphasizing all over this book. You
will be ready to make good profit yields. In God we trust, have a good trading journey.
Pg. 52 (Exercise 3 Stages to be a real Trader)

(Exercise 3 Stages to be a real Trader)

Stage 1

Open the demo accounts, Test the strategy for the whole month or maximum of two months,
do back testing. Put in hard work. Refer to the book for any misconceptions. (Primary level)

Stage 2

Activate a Real account, Deposit funds that you are willing to lose, yes you read it correctly. I
recommend depositing anything from $20. The reason is that – back testing and Demo trading
does not involve emotions hence 95% of everyone reading this book will flip their Demo
accounts extremely in good profits using the same strategy. But will find it hard to flip their real
accounts because every tick of the market move counts in that condition. Flip your account
5x before moving to the next stage, Do not skip this Stage because that’s the one which
shapes who you are, whether you are disciplined or not, good trader or not. (Secondary level)

Stage 3

Now that you have passed stage 2 .You are now a real trader. Go ahead and deposit $100 or
more .Trade it with good risk management as I have been emphasizing all over this book. You
will be ready to make good profit yields. In God we trust, have a good trading journey.
Pg. 53 JOEYFXKING

JOEYFXKING
ALL COPY RIGHTS RESRVED .THIS BOOK IS A PROPERTY OF JOEYFXKING. This book
should not be reproduced, or sold without the author’s concern.

Tel +263 784 549 613

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