WE WILL TRY OUR BEST TO MAKE THIS MANUAL HANDBOOK KEEP AS SIMPLE AS
POSSIBLE WITH THE CONTENT DIRECTLY TO THE POINT
Further question and discussion see end of this handbook for our contact info
We will provide daily market review and its FREE
1. Strategy (the reason behind why we took the trade)
2. Trading Management (Entry, SL, TP, Risk Reward and Money Management)
3. Create trading plan
4. Psychology and mindset (FOMO, Greedy, Fear of loss, Regret)
5. Goal Setting, Backtesting, Forecasting-watchlist
6. Trading without any indicators (price action, market structure, nature and phase is the KING)
7. Be self-thought market execution INSTEAD of follow any other signal
8. Rule of 90-90-90 (90% of retail traders will lose 90% of their money within 90 days)
9. Mistakes as a trader need to be avoided
10. Treat trading like a REAL BUSINESS
11. How to Find Opportunities in the Market
xx. Screenshot of some taken trades
1. STRATEGY
Most of explanation in this handbook we will be talking about Technical Analysis - market
structure, which as of our experience the Fundamental (news /GDP /NFP tec.) will be only
making volatility instead of market structure. Market structure will repeat itself year over the
years, the only one thing we need to understand is what kind of the pattern/structure it tries
to make and tell to us.
Please note: This kind of strategy will take the opportunity from IMPULSE direction instead of
correction phase, impulse will have benefit will gain more Pips and within the short time.
Impulse = Strong momentum
a. Continuation Pattern (Market Structure)
Very important to see where is the price will go once got impulse, that continuation we call
as confirmation, normally if we get impulse to downside so that we must have continuation
(correction) = confirmation to take SHORT/ SELL, or vice versa, below are the types of
Continuation Pattern.
Pict a. Bear Continuation Pattern
Pict b. Bull Continuation Pattern
b. Reversal Pattern
Price reverse which normally happened once created correction and failed to continue the
impulse process and commonly price action approaching the top/ bottom of the structure
Pict c. Bear Reversal Pattern
Pict d. Bull Reversal Pattern
Actually, still a lot of patterns which we can find in the market, but we need to keep on eye only for
above patterns (4 pictures) and based on that we can develop during our forecasting so that we will
have a plan to execute it. And please note that the actual market sometimes will not shows as perfect
like above as it a little bit messy but once we fully understand for above then it will be easier to see
the structure.
2. TRADING MANAGEMENT
The simple thing we need to understand in forex/stock industry is capitalize the profit as maximum as
the market may offer, and minimize the risk which normally around 2% - 2,5% per trade even lower
(1%), as we must choose this % and stick on it and never change for each open position, we
comfortable with 1%. The reason behind of this fix number is, say supposed we will be having 10
trades, WIN 5 and LOSS 5 trades, the good thing is we only open any position with minimum Risk Ratio
RR 1:3, so the calculation will be WIN = 5x3% = +15% and LOSS = 5x1%= - 5%, so at the end of
the day we still bank at +10% profit.
I can’t imagine if you play with the number and suggest never do that you may end with loss.
2.1 Entry Management
1. Risk entry
Risk entry is taking any position at key area (upport for Buy and Resistant for Sell) but still in respective
market pattern, the reason is to increase RR (Return ratio) to the TP area, normally will wait for price
rejection (engulfing/shooting star/wick/spike/tweezer) for confirmation
2. Reduce risk entry
Reduce risk entry is taking any position once the price breaks the pattern, this confirmation mostly
accurate so that we call it less of risk
3. Risk reward (1:3) as Quality over the Quantity
RR (Risk Reward = Return Ratio) is a key consideration before taking any trade, by evaluating where
the price will go if not in favor and where the price will go as we expected. RR (1:3) possibility to lose
at 1% and Probability to Win is min 3%, that is our responsibility to find best setup for this RR
2.2 SL (Stop Loss) Management
1. -1% Rule
Loss is unavoidable, but we need to keep is as minimum possible
Say if we have $100.000, still with good management but loss at 1% = USD -1000, may be is quite big
money for some people but it will not lead our account to have margin call directly in that single order,
even this roughly needs 100 trades to reach it. And with just 1 other Win trade it will cover this 1%
loss
2. -0.5% rule
Normally once the order executed and see the price after few hours still in a consolidation area and as
the price action there is possibility the price will against us, to keep the loss minimal so we move the
SL into -0.5%.
3. BE (Break Even) method
This is the kind of management we love so much in trading, Break Even method meaning is once the
price meet our favor and in running profit at least at 1% or more then move SL at order area/level, the
reason is to keep the chart plays out and off course we are in free risk incase price against us, further
after few hours say we have been in 3 or 4% profit then move SL into 1% level to lock our profit.
2.3 TP management
1. Plan for 3% TP
Once we define our trade, based on pattern which level will put an order, put SL and put TP (plan),
only plan to take with TP destination at minimal 3% area, considering to see the price react or develop
at this area, this is very important, normally we don’t put TP just manage in SL level to maximize the
profit, but in case the price pattern and structure have possibility to against us in next few hours/candle
just put TP as needful
2. 1% TP rule
basically every order start only for RR 1:3 and we agree on that, this 1% here mean not directly put
TP at 1% but to secure our profit this is very important, once the price plays as we predicted and have
been running at 2% or 3 %or more then better to locked it at 1% level, this concept remain the same
as put SL at +1%
3. 90% TP rule
As we experience for mostly pairs will have characteristic to have impulse into the early level of
corrective / consolidation level, good management style will have more focus in this level to put TP
level
4. Maximize profit for long term
PATIENT is very important for long term trade management, no one get rich by single day in this
industry, good traders will always look at long term base, just imagine the concept by risk only 1% at
our capital then by good management at the end of the week the same trade just banked at 5% 10%
even more, we know it already because we have been there, we feel it. Compare to just take out the
order once in 3% profit, nothing wrong with that but if we can find more opportunity on that trade why
we don’t keep it in the market and manage it as maximum as possible, as additional we will discuss
“Scale In”
2.4 Scale In
Scale in is additional position to recently open position with the same instrument / pair, the reason is if
we able to see new opportunity say we find continuation pattern then we put pending reduce risk entry
at the below of continuation pattern. by now we have 2 running order, what is next? don’t forget to
manage 2nd order as well same as 1st order, but please ensure that 1st order have been running at
free risk / locked in profit before Scale In
3. CREATE TRADING PLAN/TRADE SETUP
Sample
USDJPY - SHORT
Date: 09-June-2020
Win / loss: xx pips
Entry type: risk entry / reduce risk entry
Grade: valid / not valid / high probability
Status: Forecasted / Executed / Missed / Not take the trade
Was this trade forecasted before: yes / no?
THE SETUP MEET ALL MY CRITERIA AND PLAN
a. Pattern within the pattern, continuation, nature, bias
b. 3 touches or more
c. Double top/bottom (2 touched)
d. Arc formed with correction
e. Red/green reversal candle (engulf), ensure it closed in TF in 15 Min or 1H
f. Checking risk reward and order level with regards to ROI (min1:3)
g. No FOMO and No rush to place an order
h. Check for candlestick formation
i. Count 1-10 for calming before put order
TRADE ANALYSIS
Content: actual market now, prediction, probability, possibility, nature, trend, structure etc.
Looking at USDJPY, price form ascending within ascending channel and go to the green ray
line, at least to touch it, then have probability to downside as the price is look like very tired
(over bought) then plan to short it see TF 1H -candle by candle only move slowly, D TF shown
as strong upside need to be careful here, as the time wise start this trade in Monday, so will
have quite different market condition vs last week, in case last week is bullish has chance to
reverse it self
PSYCHOLOGY
Good overall psychology, please no hurry to make any trade, not much deal with time base,
start order now or start order tomorrow, no guarantee today open will always win, better to
wait best entry
REASON FOR FORECASTED / EXECUTED / MISSED / NOT TO TAKE THE TRADE
Price formed Ascending channel which currently in resistant area, need to be aware due to in
TF D is Green, there are 3 confirmation, channel between channel, waiting last 3 touch and last
double top at green ray line and continuation formed
Reason lost: Nature of the price still go up, see the body of previous candlestick shown strong
bullish, in case take order only able to take profit of retracement instead of big impulse
TRADE MANAGEMENT
Content: How to take the trade, jump into the market and close the trade
Waiting for best entry at pending order below continuation pattern formed in TF 1H
Risk: about 1%
EMOTION AND LESSON
I will keep on mind for this plan, need to be patient at this key level, since sofar my mistake on
missed trade is not able to be in the market at the key level, even though my forecast is correct
Don’t take order if TF 1D shown nature bullish, again if want to take the order just applicable
for short term basis, and again it’s not for my criteria anymore
See the 4H TF also for continuation pattern and do more forecasting, even if in 1H TF shown
continuation pattern to downside but the realistic it’s just part of retracement
SCREENSHOTS FORECASTING
https://www.tradingview.com/x/EMEHYzXZ/
SCREENSHOTS BEFORE TRADE
https://www.tradingview.com/x/KdVba70y/
SCREENSHOTS AFTER TRADE
Picture at TF 1H or 4H or 1D
https://www.tradingview.com/x/9uH7uwbm/
SEE ONGOING CHART AT TRADINGVIEW WEBSITE
4. PSYCHOLOGY AND MINDSET (FOMO, Greedy, Fear of Loss, Regret)
Most of successfully traders said that, the strategy, taking order buy or sell, trading setup and analysis
only about 10-20% part which influence to be a profitable and professional trader, rest of that about
70-80% is Psychology and Mindset and rest 10% is routines and activity
4.1 FOMO (Fear of Missing Out)
New trades normally react and take the order directly due to they think it will be going up/down and
fear missing big trade or big price movement, by doing just as that simple what will they do if the price
against them for next few minutes/hours which lead to big loss, they will put order with big volume
and if price against them, they believe and assume price will turn back and get profit, again they add
one more layer position, but unfortunately they hold that loss and even the loss keep bigger, and finally
MC (Margin Call). Trading like this we need to avoid and never do that.
4.2 Greedy
New traders even experience trades feel empowered and too much confident due to recently always
closing the order with profit, ya wow..
Now what happen, they will increase lot size say previously order at 0.01 lot at 10 orders, and now
they increase to 0.1 lot size due to over confident, if they win it will be OK, but if they lose just with
single order market just take all their profit and end with BE (Break Even) or loss
Can’t imagine due to loss they again increase lot size into 1 lot, because they need to take back their
money from the market, Boom only few minutes / hours they just made a big mistake and super big
loss
4.3 Fear of Loss
At the same day they think that Forex market not for them, no way to make money here, but again
tomorrow day they deposit and put small lot order i.e. 0.01 due to fear of loss.
ya sometimes they said that recently strategy is not working, may be need to change and find new
strategy
So there is no benefit of greedy and plays with the lot size (risk)
4.4 Regret
In many cases they still monitoring and see the chart plays out, and again if find new setup they said
“ohh not possible, let see, ohh no open now” due to they afraid of loss, but what happen price will
move as per their prediction and that is big move, if they jump into market previously then that is big
WIN, and now what will they say, “ F**K… while punching their screen”
That is big regret what we mean here and if they still want to jump its been late already
that’s why we said that trade management is only small piece of trading, and psychology plays a big
role, who one able to manage their Psychology and Mindset that is a big WIN
So now how to manage it, ya Prepare well for Goal Setting, Backtesting, and Forecasting to increase
the level of mindset and confident.
5. GOAL SETTING, BACKTESTING, FORECASTING-WATCHLIST
5.1 Goal Setting
Goal setting is additional activity to support our trading knowledge and performance, goal setting is a
kind of planning, normally we will be having daily, weekly, monthly, quarterly and yearly basic.
As simple sample for daily, list any important activity to be completed at that day, take 5 as priority
and write it down, and tick it one by one for which has completed, i.e read forex book at 9-11 am, gym
at 3-6 pm etc and lastly sign it up
As of our team, weekly basis
Monday to Friday → trading activity - trading management
Wednesday → biweekly market review
Saturday → ASR (advance self-review) for the week, trading journaling, backtesting (rewind the chart
to see pair characteristic)
Sunday → Forecasting for week ahead, which pair in key level area (plan to take new order)
5.2 Backtesting
Backtesting is very important to see the characteristic of a pair, backtesting is rewind the chart to the
certain time and apply our analysis, see price pattern, take simulation order and then forward the
candlestick to see what happened next, we will see where the price will go and what is our action
afterward, this purpose to increase the level of confident during offline market even we can apply the
same in real time market
5.3 Forecasting
Forecasting is a kind of activity to see the possibility and probability, as a trader we need to be in
Neutral position, don’t get mad if the price will go up and will go down, that only how the price move,
but the key thing is where the maximum level if price go up and where is the minimum level if price go
down.
Probability is a chance the price will move as our favor
Possibility is a condition which may be price will against us with low percentage
So before take any trade plan wisely 2 or 3 scenario directions so that we will not be surprised by the
market it self and last what is our action after that, shall we open position or not.
Forecasting normally we do for 28 Pairs, others like indices, commodities, shares, CFD/Futures are kind
of bonus, for those 28 Pairs will do filtration about 10 pairs for which the high probability, and again go
deeply and detail until get 6 pairs for a week ahead which we are confident on it.
This 6 Pairs will become our strong Watchlist
Suggestion: Forecast DXY (Dollar Index) first to have better clarification on any USD related pairs
6. TRADING WITHOUT ANY INDICATORS (PRICE ACTION, MARKET STRUCTURE, NATURE
AND PHASE IS THE KING)
Indicators are only lag indication as of our experienced and sometimes the signal is late, confirmation
to go down example but it has been late as the price already at downside, and sometimes multiple
indicators only make really confuse, one indicator confirm to go down and another confirm go up, so
which one need to follow, our recommendation is just focus on Price action and Candlestick
pattern/structure because that is king, every market, every pair, not only in forex, but in the stock,
commodity, futures etc. which has the movement price will react on the same, price will respect to the
structure, Why, because that is human psychology.
This strategy only REQUIRED TREND LINE AND RAY LINE to define what kind of market structure
which we have at the moment and once fully understand about it then by subconscious mind we will
be able to see the probability and possibility just in few minutes, is that wonderful...?
7. BE SELF-THOUGHT MARKET EXECUTION INSTEAD OF FOLLOW ANY OTHER SIGNAL
Highly recommended to trade only by our self, if we win we will be Happy, if we lose we will be
Wise.
Follow any others signal we never know why they took the trade, what is the process and reason behind
it, sometimes the signal only for certain time and we have been in late position entry due to just
expected master or signal provider to share the signal, its not good man, what about if they in
misfortune or just passed away (we don’t know) what can we expected anymore, nothing, if the signal
have high profit percentage then it will be ok, but incase not, shall we accept the loss, even we don’t
know why we lose, just wait for any other signal again…?
8. RULE OF 90-90-90 (90% OF RETAIL TRADERS WILL LOSE 90% OF THEIR MONEY
WITHIN 90 DAYS)
If you guys go detail for any broker and find what those brokers stated is 75% into almost 95% of
registered retail trader lose their capital in this forex and CFD market, what does it mean,
only 5% of them who success on it. Based on that shall we still keep doing on this trading which low
percentage of WIN. What we realize is those 95% are new traders who just blindly take the order,
expecting get profit within a short time and put aside the important process behind of it, so extremely
recommended to increase the level of psychology and mindset and keep consistent on it and don’t
forget to treat this trading as real business and think as long term basis.
9. COMMON MISTAKES NEED TO BE AVOIDED
- Blindly open any position, just open the chart and make assume
- Put stop loss too tight
- Close the order early
- never of doing forecasting, suggest: once doing forecast let the chart plays out and then after
few hours see again
- Think get rich quickly
- Add more layer position if loss, even it will gain more loss
- Play with volume/ lot size
- Don’t know the market hours
- Not focus for trading, only profit wise
- Much of excuses
- Always in front of screen
10. TREAT TRADING LIKE A REAL BUSINESS
Trading not just a simple activity to buy or sell any certain pair, most of profitable, successfully,
consistent, and professional trader will discuss more only about life goals, vision, activities, routines.
We all know the business man will always have different side of view while doing its own business, say
a guy wants to open Sneaker Shop, he has to think and prepare well before start it, where is the place
or location, the shop capacity, market probability, resources, employees, internal design, long term
basis, plan to check YoY return, when the prediction time to have money return, initial money required,
shop permission, tax, documentation, and so many more. Even trading is not as complex like that, but
with the correct management style and activities we must able to treat our trading like a business too.
In trading there is not daily spending / money expense for operation but we can say loss is part of that,
and profit only side effect of our consistent activity as we happy on that, love the job not the company
ya.
Below is the sample of life style:
- Plan for goal setting
- Read books to boost trading mood
- Healthy food and drink
- Healthy activity, sports, jogging, massage, meditation, music
- Surround self by successful people
- Forecasting more before taking any trade
- Backtesting all pairs
- Make a trading journal (daily book/ personal blog)
- Taken order review (win and loss)
- Read news and world economy, happy to see economic calendar
- Understand the market hours-time management
- Take rest for trading sometimes -vacation
- Etc
11. HOW TO FIND OPPORTUNITIES IN THE MARKET
Below are few simple steps to find opportunities as per trading plan:
1. Basically, do analysis for major pair (28 pairs), do first for DXY dollar index
2. Go one by one pair, from the high time frame (HTF) into Low Time Frame (LTF), see the market
how it develops, find structure for clarity
3. Use Weekly time frame for market overall structure, bias, nature, and trend
4. Use Daily time frame for better clarity on market structure, and direction
5. Use 4H TF to see low point and high point, see if any higher high or lower low
6. Check confirmation on 1H TF, by provide forecast probability and possibility, see for some
scenarios
7. Entry at 1H TF
8. 15Min TF for better market clarity and entry point, see the price reaction at high point (sell
opportunities) and low point (buy opportunities)
9. Sometimes at the time we open the chart but the price still in waiting moment, so we have
option to put pending order (Buy Stop/Buy Limit or Sell Stop/Sell Limit) depend on market
situation.
10. Once one pair done, do analysis for next 27 left pairs
11. Find and filter at least 10 pairs for good plan
12. Again, filter and do detail forecasting to get 6 pairs for week ahead
13. Once market open and running keep on eye so that we can focus on this 6 pairs which we have
XX. SCREENSHOT OF SOME TAKEN TRADES
EURGBP (11-Sept-2020)
JPY Basket (1-Sept-2020)
DXY (1-Sept-2020)
ESPORTS (3-Sept-2020)
XAUUSD (14-Sept-2020)
WIIM (Wismilak Cigarette IDX Stock Market) (8-July-2020) → corona case
GBPCHF (Missed SELL trade)
OUTRO
By read above all concepts we hope you guys able to have the clarity of the market, even our team will
keep re-read this manual handbook, and hope you can re-read as well to have more understanding
We are happy to share more and expected more questions and suggestions at below:
Telegram Channel → https://t.me/nasdaq_killer
Instagram → @nasdaq_killer
