ULTIMATE

FOREX GUIDE
CONTENTS


- Introduc�on to Forex ............................................................. 4



- Broker and Pla�orms ............................................................. 24



- Introduc�on to Charts ............................................................. 33



- Market Management ............................................................. 43

 

- Introduc�on to Trendlines .............................................................. 59

 

- Key to Success .................................................................... 71

- Free Access .................................................................... 75
WELCOME TO
PIPS30!
Where serious money is made.

Congratula�ons for taking the first step to becoming a successful trader

in Forex!

This eBook is not only an eBook. It can also be used as an ul�mate guide
or point of reference for anyone who wants to learn more about the
Forex industry.

We have worked day and night to plan, produce and prepare this
ul�mate guide so that it is easy to read and be understood by everyone!

Our inten�on as shared in our telegram channel PIPS30, is to help as

many people as possible to learn and succeed in this industry especially
due to the current COVID situa�on.

  

1 You can read this ul�mate guide and forget all about it. Hence, there
would be no changes. Or…

2 Take ac�on, follow what we have prepared for you to garner knowledge
and success with us at PIPS30!

So, what will you do?

First Chapter

INTRODUCTION
TO FOREX
WHAT IS
FOREX TRADING?
Forex is the biggest currency market in the world!

This market has been opened for everyone to trade since 1994 and its
trade volume can reach up to $5 Trillion every day.

Forex (FX) : Foreign Exchange

Similar to other businesses, Forex trading includes the process of buying

one currency at a low price and selling it back when the price has increased
to gain profit.

Forex happens to be a very popular investment because it has very high

returns.

Profits can reach up to 100% in a span of one day. Due to the market’s very
fast pace, it is undeniable that Forex can also be quite risky. Anyone can
experience losses when they do not have enough knowledge to trade.

That is where we can help

© 2021 PIPS30
HISTORY
OF FOREX
Foreign Exchange that we know today began in 1973, but the trading of
currencies has actually existed since the first coin was introduced in
ancient Egyp�an �mes. A�er World War II ended, the US’ economy has
been solid compared to most European countries. The US Dollar was
very popular back then and was verified as the global currency.

In 1982 the currency pair was created for the first �me and offered as a
purchase op�on to the United States, and more currencies appeared in
1983.

By 1987, both the United Kingdom and the United States were fully
traded in foreign exchange, but there were many more countries such as
China, South Korea and Iran (in 1991) that par�cipated.

The first online trading of the currency took place in 1994, which in turn
led to the development of the Euro currency in Europe. The rise of the
Euro threatens the dominance of the US Dollar as a global reserve
currency. The euro is currently the official currency in 19 European
countries.

© 2021 PIPS30
FOREX
FOR MUSLIMS
Forex trading law in Islamic countries is one of the hot topics discussed.
There are those who say it is haram, some say it should be. The law of
forex trading is a must if there is an element of gambling, usury and an
element of SWAP.

If there is, it will con�nue to be illegal. When we trade, there is a need for
knowledge in the trade so that there is no element of gambling where
we only guess the price fluctua�ons without any analysis and basis
(fundamentals).

A swap -free account is an account that should be used by Muslim

traders if they want to trade forex.

Trade for the sake of knowledge. Forex is not a place to gamble!

© 2021 PIPS30
WHAT MOVES THE
FOREX MARKET?

One of the reasons is 'supply and demand'.

The world needs more US dollars, so at the same �me the value of the
dollar increases. When there are too many US dollars circula�ng in the
market, then the price of the currency goes down.

The forces that move the market can also reflect changes in the value
of a currency. In addi�on, other factors such as interest rates, new
economic data from the largest countries and geopoli�cal tensions can
also affect the price of a country's currency.

© 2021 PIPS30
STOCKS vs FOREX
STOCKS FOREX
1. Traders buy and sell stocks 1. Traders buy and sell currency

2. There are thousand of stocks 2. There are 6 main global currencies

3. Buyers and sellers are limited 3. Buyer and sellers are unlimited

4. Some stocks are harder to sell 4. Easy to buy and sell

5. Can only be traded during 5. Can be traded 24 hours a day,
working hours. 5 days a week
6. One way market 6. Two way market

To buy and sell stocks, investors must open an account and register with Bursa
Malaysia through a brokerage company, while for Forex, they only need to
register through an online Forex broker.

Inves�ng in stocks involves companies listed on Bursa Malaysia. As for Forex, it

involves all the world's foreign currencies such as USD, EUR, JPY, GPB, WON and
so on.

There are two ways to transact money into and out of the account: -Through
'online banking'
-Through a registered stock remisier/dealer.

Therefore, Forex traders need to deposit through exis�ng brokers and all deposit
or withdrawal ma�ers only through online brokers.

Stock gains are through the performance of counters/companies purchased in

addi�on to a small influence on the economy and poli�cs while Forex is based on
the performance of world currencies.

It always involves a number of poli�cal factors, the world economy, and others.

© 2021 PIPS30
PLAYERS IN THE
FOREX MARKET

TIER 1 Central Banks / Interbank (Na�onal Banks, BOJ, BOC, BOE)

TIER 2 Ins�tu�onal Funds (Ci�Group, JP Morgan, Goldman Sachs &
other Hedge Funds)
TIER 3 Retail Traders (This is us!)

With every �er, there is a set narra�ve which includes its own roles.

All three �ers are dependent on one another when building the market.

©©2021
2021OTAI OMA
PIPS30
CURRENCIES

There are many currencies that can be traded in Forex.

Everyone can start with major currencies which are mostly traded and
represent some of the world’s biggest economies.

7 currencies stated above are the main currencies.

  

MAJOR MINOR EXOTIC
Main currencies Currencies excluding Currencies which has
include USD. USD which is known as some developed
Cross Pair. market quali�es but
does not fulfil all the
necessary standards.

© 2021 PIPS30
© 2021 PIPS30
TIME TO
TRADE FOREX
The Forex currency market runs 24/7 but can only be traded on Monday to
Friday only (5 days). This is because brokers close on Sundays including
general holidays.

In a day, not every �me the market is full! There are brisk �mes, there are
slow �mes. The London and New York sessions were the most frequent. In
these two sessions, there is an overlap �me.

Market sessions can be used as a guide to determine which currencies are

the most traded. Usually, Monday the market is slow due to the new
market opening.

In the middle of the week, the market is the most ac�ve. Friday is a be�er
�me to close all posi�ons or make a breakeven because it is the last day for
the week.

© 2021 PIPS30
 FOREX
MARKET TIME ZONE OPENS CLOSES STATUS
Asia/Kuala Lumpur Asia/Kuala Lumpur
CENTER
Frankfurt Europe/Berlin 02:00 PM 10:00 PM Closed
Germany 02-October-2020 02-October-2020
London 03:00 PM 11:00 PM
Great Britain Europe/London 02-October-2020 02-October-2020 Closed

New York American/ 08:00 PM 04:00 AM Open

United States New York 01-October-2020 02-October-2020

Sydney Australia/ 06:00 AM 02:00 PM Closed

Australia Sydney 02-October-2020 02-October-2020

Tokyo 07:00 AM 03:00 PM

Japan Asia/Tokyo 02-October-2020 02-October-2020 Closed

Usually, traders will do their analysis in the morning and start trading around
12PM - 3PM UK �me.

The most awaited trade is the European market which opens at 3 pm while
the US market, which opens at 7 pm. The market was brisk between these
two sessions.

Best Time To Trade Forex

MONDAY TUESDAY, WEDNESDAY, FRIDAY
THURSDAY
Trading ac�vity is Difficult to assume as
usually pre�y slow Most ac�ve trading most traders are prone
probably due to ac�vity. to close their posi�ons.
people star�ng to
work.

By acknowledging the main sessions on top and the specific currency pairs,
everyone can find the best �me to trade and increase their trading
performance.

© 2021 PIPS30
TIME FRAMES
IN FOREX

Terdapat 8 �me frames di If you were to choose H1, it means

dalam Forex :- the H1 candles�ck graph will
represent graph pa�erns for a
1. M5 ( 5 minutes ) period of 1 hour.
2. M15 ( 15 minutes )
3. M30 ( 30 minutes ) If you were to choose M5, it means
4. H1 ( 1 hour ) one candles�ck graph will
5. H4 ( 4 hours ) represent graph pa�erns for a
6. D1 ( 1 day ) period of 5 minutes.
7. W1 ( 1 week )
8. MN ( 1 month )

© 2021 PIPS30
 'BID, ASK, SPREAD'

Bid: The price you sell.

Ask: The price you buy, Value of ‘Ask’ is usually higher than ‘Bid’

Spread: Difference of Bid/ Ask (Broker Charge)

Every pair has different spreads set by the broker. There are brokers using
fixed spreads and there are also those who charge in the shape of floa�ng
trades or both simultaneously. This changes from �me to �me.

© 2021 PIPS30
LEVERAGE
IN FOREX

Leverage is a characteris�c feature 
 

that enables your trading strategy - 1:1 = 100%
by using loan money. The goal is to - 1:50 = 2%
get huge profit poten�al. - 1:100 = 1%
- 1:200 = 0.5%
- 1:500 = 0.2%
- 1:1000 = 0.1%
- 1:3000 = 0.3%
 
Chances of Margin High leverage,
Overlot Call (MC) is high higher risk

© 2021 PIPS30
PIP & SWAP

PIP : (Percentage in Points) is the value of the change in a pair. A pip is the
smallest price movement that can be made by an exchange rate based on the
Forex market. How to calculate pips:

1 PIP = 10 Points

Example:

SL 25 PIPS = 20 Points

Buy
SL = 64.869 Point
TP = 64.868 Point = 250 Point
= 65.118 Point = 65.118 Price.

Swap : Charges will be imposed by the broker if there is a posi�on that has
not been closed or carried over to the next day. Posi�ve or nega�ve swaps
depend on the number of lots. Swap rates change from �me to �me. To avoid
swaps, you can open an Islamic account if you want (Swap Free).

© 2021 PIPS30
TYPES OF ORDERS
IN FOREX

Buy STOP Sell STOP Buy LIMIT Sell LIMIT

Order placed Order placed Order placed Order placed
above current below current below current above current
price price price price

Market Order: 'BUY' or 'SELL' at the current price.

Pending Order (PO)

- Limit Orders
Buy Limit: Buy below the current price.
Sell Limit: Sell above the current price.

Take Profit: Set a target and take profit.

Can be divided into 20 PIPS - 100 PIPS.

- Stop Orders
Buy Stops: Buy above the current price.
Sell Stops: Sell below the current price.

Stop Loss: Limit the loss. Can be used from entry 30 PIPS - 50 PIPS.

© 2021 PIPS30
PIP & SWAP

What are the ways to reduce risk in FOREX trading?

You need to set Stop Loss (SL) and Take Profit (TP) on each entry.

Take Profit: Set a target and take profit. Can be divided into 20 PIPS - 100
PIPS.

Stop Loss: Limit the loss. Can be used from entry 30 PIPS - 50 PIPS.

Use a step win ra�o!

1: 2 = 10 PIPS (SL): 20 PIPS (TP)
1: 3 = 10 PIPS (SL): 30 PIPS (TP) and so on

© 2021 PIPS30
BALANCE, EQUITY,
MARGIN, FREE MARGIN
& MARGIN LEVEL

Balance is the amount of funds in your account.

Equity = Balance + Flowing Profit / Loss

If you do not have an open posi�on then Equity = Balance

If you have an open posi�on (open) with a temporary profit (floa )ng
profit) USD 500, then:

Equity = Balance + USD 500

If you experienced a loss while floa�ng USD 600 then:

Equity = Balance – USD 600

Margin is connected with Leverage. If you choose leverage 1:100 then

your promised fund is 1% of the contract value. If your leverage is 1:200
then the promised fund is 0.5% of the contract value.

If you open a regular account (standard) and trade EUR/USD, GBP/USD,

AUD/USD atau NZD/USD, then your contract value for 1 lot is USD
100,000.

© 2021 PIPS30
In this case, calcula�on for Margin is:

Margin : (USD 100,000) x (total lot or volume) x (margin percentage) x

(current market price)

Example: Open a standard account with leverage 1:200, buy 2 EUR/USD

lot at the price of 1.0885, then margin is: (USD 100,000) x 2 x 0.5% x
1.0885: USD 1,088.50

Free Margin is the difference between Equity and total Margin to open a
posi�on (if there are several posi�ons s�ll open). If there is no posi�on,
all funds in the account are Free.

Free Margin = Equity - Margin total

For example, the total fund is USD 5,000, and there are some posi�ons
that are s�ll open with a total margin of USD 1,750 and posi�ons that
profit USD 870, which lose USD 240, then: Equity = USD 5,000 + USD 870
- USD 240 = USD 5,630.

Free Margin = USD 5,630 - USD 1,750 = USD 3,880 Margin Level is also
called 'Margin Call Level' or Level where you will be exposed to 'Margin
Call'. 'Margin Level' (in percent) is the comparison between Equity and
total Margin.

Margin Level = (Equity / Margin total) x 100%

Usually brokers set Margin Level = 80% - 100% to charge Margin Call ( ap
different brokers). Suppose you trade with a broker that applies the 100%
Margin Level rule for Margin Call, and you s�ll have USD 5,000 with some
trading posi�ons s�ll open and a total loss (outside the margin), with a
total margin of USD 500.

© 2021 PIPS30
 MARGIN CALL
& STOP OUT

Margin Call (MC) and Stop Out (SO) indicates the limit on the amount of
equity that is determined to experience a loss or a floa�ng loss correc�on.

Balance: The amount of funds in the account.

Equity: Balance + Profit / Loss
Profit floang: Open a profitable posi�on.
Loss floa�ng: Open a posi�on that has a loss.

MC and SO are determined from the Margin Level.

Margin Level: (Equity / Margin total) x 100%

MC: 100%, meaning if Margin Level: 100%, then it will be exposed to MC. In
this case, the MC will be affected when Equity: Total Margin.

SO: 30%, meaning that if Margin Level: 30%, then SO will be affected, and
trading will be stopped. In this case, it will be SO when Equity: 30% of the
total Margin.

© 2021 PIPS30
 2
Second Chapter

BROKER &
PLATFORM
2
FOREX
BROKER
Forex brokers offer important services for the market, especially for
retail Forex traders.

Since they started opera�ons in the retail market, brokers have helped
open up many opportuni�es that previously did not exist for individual
traders.

Brokers also offer valuable services to help traders understand price

movements that have the poten�al to generate profits.

With an internet connec�on and a computer or mobile phone, traders

can now open a Forex account and trade in a market that was previously
only accessible to banks, large corpora�ons and financial ins�tu�ons, as
well as very wealthy individuals.

© 2021 PIPS30
Established in 2011, Regulated by CySEC, FCA and IFSCA
Micro Trading Accounts, Cent, Standard, ECN & ECN ProDe-
posit minimum $ 5, high leverage of 1: 1000, FXTM-Invest
Platorm Trading MetaTrader 4 and 5, WebTrader, Mobile
and Social

Established in 2009, Regulated by CySEC, FCA, ASIC and

IFSCA Micro Trading Account, Standard, Zero Spread Mini-
mum deposit $5, leverage up to 1: 888MetaTrader 4 and 5
Trading Pla�orms, WebTrader and Mobile

© 2021 PIPS30
Established in 2010, Regulated by CySEC, FCA and FSCA
Micro Trading Accounts, Premium, Fixed, Zero Spread, VIP
Deposit minimum $5, high leverage of 1: 3000, HF Copy
Pla�orm Trading MetaTrader 4 and 5, WebTrader, Mobile
and Social

Established in 2011, Regulated by CySEC, IBCA Micro Trad-

ing Account, Pro, ECN Minimum deposit $5, high leverage
of 1: 500 Pla�orm Trading MetaTrader 4 and 5, WebTrader,
Mobile and cTrader

All listed Forex brokers are fully regulated by financial regu-

latory bodies, and have earned a high level of sa�sfac�on
and a good reputa�on among traders around the world.

© 2021 PIPS30
BROKER TYPES

Market Maker (Dealing Desk)

The currency price in the broker is man -made. That is, the price you see
in the chart comes from an internal broker and not from an interbank or
liquidity provider (LP).

Due to fierce compe��on from brokers to a�ract customers, the price

they offer is almost the same as the interbank. Market makers make a
profit from spreads and hedging with their customers.

There are 2 types of No Dealing Desk (NDD):

1. Straight Through Processing (STP)

Most STP brokers offer variable spreads. If the spread between liquidity
providers increases, the spread that reaches the trader also increases.
There are also brokers offering fixed spreads.

2. Electronic Communica�on Network (ECN)

ECN brokers charge a commission and there is a markup on the spread.
Pricing comes from LPs and other ECN traders.

© 2021 PIPS30
IMPORTANT ASPECTS
IN CHOOSING
A BROKER
Type of Account
Usually brokers will offer account types according to capital
requirements (Standard, Mini, Micro).

Customer Service
Any important ma�ers that you want to be asked can directly contact
the live chat broker of your choice. Make sure they respond quickly.

Deposit & Withdrawal

Quick and easy deposit and withdrawal services.

No Restrictions
They allow all strategies, there are no strange rules. They are also fast
when ordering each pair and there are no obstacles given.

Security Fund
Choose a broker that is regulated and serves to protect the trader's
interests. Make sure there is a regulator that helps the broker.

© 2021 PIPS30
TRADING PLATFORM

Download the trading pla�orm on the website of any broker of your

choice for free. Easier and be�er than before.

There are 2 types of pla�orm, Metatrade 4 and Metatrade5. A popular

pla�orm used by traders is Metatrade 4.

This pla�orm is popular because:

1. User friendly.
2. Can open many charts at one �me.
3. Can open several MetaTraders at one �me though different brokers.
4. Easy to download.
5. Supports mul� frames.
6. Supports many other currencies and pairs.
7. Available in Mobile and PC versions.

© 2021 PIPS30
REQUIREMENTS TO
OPEN A TRADING
ACCOUNT
Identification Card/License/Passport
Register your informa�on and make sure your details are consistent
with your Iden�fica�on Card, License or Passport.

Utility Bills
Verifica�on of the current residen�al address. Make sure the name
and address are the same as on the bill.

Bank Account
Have an online bank account to make transac�ons and facilitate
Deposit/Withdrawal.

Phone
For security safety. Some brokers use an online banking system
(Two-factor authen�fica�on). Each �me a Deposit/ Withdrawal, a
confirma�on code will be sent via the owner's phone first.

Capital
Set enough capital to start a trade before trading because the choice of
account type depends on your capital.

© 2021 PIPS30
TYPE OF ACCOUNT,
UNIT & LOT

If you are really new to the field of Forex, I recommend to start trading
with virtual money (there is a risk involved) in an account commonly
known as a Forex demo account.

Once you’ve gained experience in demo accounts, you may con�nue to

open a micro Forex account (suitable for beginners, low deposit) or a
penny (cent) Forex account (account balance in cents, trade in cents) to
start trading in the real market with a small deposit.

© 2021 PIPS30
CHART

3
Third Chapter

INTRODUCTION
3
TYPE OF CHARTS

  

The chart is in the form of a simple Shows the same price info as the
line, in which the line connects Bar Chart, but in a more perfect
from one previous closing price to graphical format. The Candles�ck
the next closing price. By looking Chart also shows the range of the
at the series of lines, we can see highest price to the lowest price,
the general price movement of a not with a ver�cal line, but in the
currency pair over a period of form of a rod. However, in a
�me. candles�ck chart, the stem (or
body) shows the range between
the opening and closing prices.


It is a combina�on of all lines (ver�cal and
horizontal) formed in one component. A bar is just a
segment of �me, whether it's a day, a week, or an
hour. So we can combine the bar chart according to
the Time Frame used.

© 2021 PIPS30
OHLC
If CLOSE is above OPEN, it can be said that the CANDLE will be BULLISH which
means the stock market is going up.

Bullish Candle can be seen with BLUE CANDLESTICK. Most pla�orms will use
BLUE CANDLE as a sign of BULLISH MARKET but it is not always in blue. Some
also use other colors. Follow what suits you best.

Also, if CLOSE is below OPEN, we can say that the CANDLE will be BEARISH
which means the stock market is declining.

Candles�cks are shaped from

OPEN , HIGH , LOW & CLOSE
following the �me frame that we
use.

Body length refers to STRONG BUYING or SELLING PRESSURE. If there is a

candle that is CLOSE above the OPEN with a long body, it means the bo�om
of the BUYER is stronger and they will take over control of the Market in that
�me.

On the other hand if the BEARISH candle which is OPEN above CLOSE with a
long body, it means SELLING PRESSURE controls the Market in that �me. The
short and small body, on the other hand, shows li�le ac�vity of buying or
selling.

© 2021 PIPS30
CANDLESTICK
PATTERNS

One of the most powerful trading concepts, easy to recognize and is a

profitable Trading Setup.

Studies have confirmed that this PATTERN has a high predic�ve value.
Candles�ck pa�ern is like a language for us to understand about the
market that has taken place.

© 2021 PIPS30
  

This is how the Engulfing Bar looks like on the chart. If Bearish Engulfing
Bar, it tells us that the seller is controlling the market.

When this pa�ern occurs at the end of an uptrend, it tells us that the
Buyer is swallowed or dominated by the Seller which indicates a reversal
trend signal.

As in the picture, we can see when 'Bearish Engulfing' occurs at the end
of the uptrend.

So from here we can expect that the market is a REVERSAL TREND be-
cause the buyer s�ll does not control the market and the seller is trying
to push the market down.

© 2021 PIPS30
   

Bullish Engulfing Bar tells us the market is no longer under the control
of the Seller and the Buyer will dominate the market.

When a Bullish Engulfing candle is formed during an UPTREND, it indi-

cates a signal con�nua�on and when a Bullish Engulfing candle is
formed during a DOWNTREND, it is very likely that a change of trend to
an UPTREND can happen.

The picture above shows us how the market changed direc�on a�er
the forma�on of the Bullish Engulfing Bar pa�ern.

A small body indicates selling power is protected by a second body that

represents buying power.

© 2021 PIPS30
  ­

This pair is created when the open high and close are almost the same
price.

Another feature is the long lower shadow which indicates bullish rejec-
�on from buyers and they want to push the market higher.

Hammer is a candles�ck reversal that occurs at the end of a

down-trend.

This candle is formed when the seller forces the market to a low price
a�er opening but the buyer pushes the price so that the market closes
higher.

© 2021 PIPS30
  ­

Happens when OPEN is low and CLOSE is almost the same as OPEN.

This candle is a small body and a long upper shadow. It is the ‘Bearish
Hammer’ version.

When this pair occurs in an uptrend, it indicates a ‘Bearish Reversal

Signal’.

The forma�on of this pair marks the end of the uptrend and the begin-
ning of the downtrend.

This panel can be used with support & resistance, supply & demand.

© 2021 PIPS30
 €

Morning Star pa�ern is considered a Bullish Reversal Pa�ern, it always

happens at the bo�om of the downtrend and has 3 candles�cks:

First candle is a decline that indicates that the seller is s�ll in the
market.

A small second candle indicates the seller is in control, but they are not
pushing the market down.

Third candle is a bullish candles�ck that gaps up when OPEN and CLOSE
above the dot/ middle price level on the first day, this candles�ck gives
a trend reversal signal.

© 2021 PIPS30
 

Considered a 'Bearish Reversal Pa�ern' which usually occurs above the

uptrend. This pa�ern has 3 candles�ck pa�erns:

First candle is a bullish candle. (Bulls are s�ll pushing the market higher)

Second candle is a small candle, it can be bullish, bearish, doji or other

candles�ck. It's uncertain. (Buyers are s�ll in control but they are not as
powerful as they were)

Third candle is a large bearish candle. In general, this evening star pat-
tern is a bearish version of the morning star pa�ern. (Buyer’s domina-
�on is over, and a possible bearish trend reversal is likely to happen)

© 2021 PIPS30
4
Fourth Chapter

MARKET
MANAGEMENT
4
MARKET CYCLE
One of the strategies is to
buy a�er the price moves
away from the resistance
level (Buy/Sell on breakout).
This is Wyckoff’s market
cycle theory.

 

Smart Money (SM) has recognized the low/ cheap price market and
started collec�ng in large quan��es. Usually the price will be in a state of
"sideways" (horizontal) and this phase takes a long �me, it may even
reach many years.

€‚ƒ

At this point, the stocks collected by SM have started to move up a�er

passing the resistance level of a price. During this phase SM will let the
market rise neutrally.

© 2021 PIPS30
„

At this phase, SM will find the price that is already at its peak price and
start releasing their holdings.

The bullish momentum will decrease/ disappear due to the ac�ve release
of shares by them. Usually buyers who pass by will be stuck here.

€

Once SM gives up all their shareholdings, the share price will start to fall
due to more interest in buying shares on a large scale.

SM will wait for prices to fall at what they consider low to regroup. The
collec�on process will take a long �me.

Using this theory, the volume bar indicator is very important to confirm
the price movement because it is closely related to "demand" and
"supply".

Price movement compared to volume is very important to know the

direc�on of stock price movement.

© 2021 PIPS30
MARKET TYPES

 †  ƒ 

The market declined in a When the Bulls are powerful in
downward trend as investors sold the market, people are looking to
riskier assets. invest money, high confidence and
risk acceptance generally increase.

Traders can take advantage of both because of the two-way Forex

market.

© 2021 PIPS30
 HH, HL, LL, LH

Price movements are based on two types of trends, namely Bullish

(uptrend), Bearish (downtrend) and Sideways. This trend analysis is a way
to determine the trend of a price movement.

Before determining the trend of a price, the trader must know what is
meant by the terms below.

 ­  ­

Peak price point that exceeds the The lowest point is the lowest of all
previous peak. before.

 ­  ­

Peak from a price lower than the Higher than the previous point.
previous peak.

© 2021 PIPS30
 BUY LOW SELL HIGH

We can make a profit when we Buy/ Sell currency.

Buy at a low price.

Sell at a high price.

Sell when the price is high, you will get a profit if the price decreases. Will
lose if the price goes up.

Buy when the price is low, you will get a profit if the price goes up. Will
lose if the price goes down.

© 2021 PIPS30
  €

You need to find a LOW price to BUY. To avoid the opposite trend.

€

You need to find a HIGH price to SELL. To avoid the opposite trend.

© 2021 PIPS30
SUPPORT &
RESISTANCE

Support & Resistance (SNR) is a zone.

The simple language is Roof (Resistance) and Floor (Support). The

strength of SNR can be seen through the frequency of price return
(retest) in the zone.

If it happens, it means that the breakout zone is not strong. Make sure it
is in a fresh zone. Can try to do a back test to see the previous SNR level.

Support = Zone below the market price (Low). Buy at Support!

Resistance = Zone above the market price (High). Sell at Resistance!

NOTE: ALWAYS LOOK LEFT FOR THE NEAREST SNR!

© 2021 PIPS30
 

The red circle indicates a price that bounces or changes direc�on at that
level, and a blue circle indicates that whenever the price returns to that
level it will hold on to Support.

 

The red circle indicates the price that remained at that level for quite
some �me before the market went down. Then every �me the price
returns to that level it will survive as Resistance.

© 2021 PIPS30
IDENTIFYING SUPPORT
& RESISTANCE

What do we see from the image above to determine Support &

Resistance?

If the Support or Resistance area is always tested, and the price is not
successfully penetrated (break), then the stronger the area, it can be said
to be a major Support/ Resistance area.

Price is currently in the area between major Support/ Resistance. There

must be an area that will also be a point back which can be said as a
minor Support/minor Resistance area.

If the Resistance area is successfully penetrated (break), then the area

has the poten�al to become a Support area. Vice versa.

© 2021 PIPS30
STRONG OR
WEAK SUPPORT
& RESISTANCE
 †‡ˆ‰Š ‹ˆ†Œ

1. There is a lot of rejec�on at the price you are trying to achieve. LOW
or HIGH. (Rejec�on means there is a long tail/shadow on the price)

2. Available on LARGE Time Frames namely H1, H4, Daily, Weekly or

Monthly.

3. The larger the meframe, the stronger the SNR.

4. STRONG SNR is available on large meframe H1 and above.

5. WEAK SNR is available on meframe M30 down.

6. Price needs a breakout (Tembus) areas of SNR and CLOSE body, then
SNR will break. If only the shadow comes out, it is not a breakout but is
called a "SHADOW KILLER" which puts a SELL or BUY trader posi�on.

© 2021 PIPS30
 

†

© 2021 PIPS30
 Š€Ž‘

Š†€Ž‘

© 2021 PIPS30
SUPPORT &
RESISTANCE FLIP
†


The trend changes from sell to

buy. RBS is a resistance level
that turns into support when
the price manages to break
that level.

Support & Resistance Flip (SNR FLIP) is a change in the level of Support
into Resistance caused by breakout sellers so that it successfully forms a
new Support or change the level of Resistance into Support because of a
breakout by buyers so that it successfully forms a new Resistance.


†

The trend changes from buy to

sell. SBR is a support level that
turns into resistance when the
price manages to break that
level.

© 2021 PIPS30
BREAKOUT

  

BREAKOUT can only occur a�er the body candles�ck close passes the
previous highest or lowest price.

If you want to use shadow as a BREAKOUT signal, you need to go to a

lower �me frame un�l it finds a candles�ck that successfully closes
above the previous highest or lowest price.

However, this method is very risky because the smaller the �me frame
used, the more risk of a "false signal"

 † ‹‡ƒ‚

BREAKOUT occurs a�er BREAKOUT previous BREAKOUT of previous

the body candles�ck highest price = SIGNAL lowest price = SIGNAL
successfully closes past BUY SELL
the previous highest or
lowest price.

© 2021 PIPS30
Why is BREAKOUT important?

It is the ini�al signal of the next price direc�on. When a breakout

occurs, the market is telling where the price is going to go a�er this.

But, keep in mind that a breakout is not a confirma�on for the

market to follow the breakout signal.

Several other things need to be taken into account as confirma on to

determine whether the breakout is valid or doesn't depend on the
techniques used to analyze the market.

Can you BREAKOUT only with shadows or no?

The answer is NO.

Breakouts can occur by means of body candles�ck close above the

highest price before or the lowest price before.

© 2021 PIPS30
 5
Fifth Chapter

INTRODUCTION
TO TREADLINES
5
TRENDLINE

Trendline is the line where we mark the forma�on of a trend. Either to

predict an uptrend (Uptrend) or a downtrend (Downtrend). It includes
the market’s journey.

’  “

UPTREND DOWNTREND SIDEWAYS

The upward direc�on Downward direc�on of The direc�on of market
of the market market movement, also movement is horizontal
movement, also known known as ‘Bearish’ (sideways), also known
as ‘Bullish’ as ‘ranging’ or ‘flat’

© 2021 PIPS30
TYPE OF
TRENDLINES
Trendline + SNR is divided into 4 types:

1. Trendline SNR
i. Trendline Support (TLS)
ii. Trendline Resistance (TLR)

2. Trendline SNR
i. Trendline Support become Resistance (TLSR)

3. Trendline RBS
i. Trendline Resistance become Support (TLRS)

4. Trendline Breakout
i. Breakout trend is either in the TL Support area or in the TL Resistance
area

To iden�fy trends and entry zones, it is necessary to understand that

trendlines are divided into 2 types:

­€”  „­€ 

- Pulled on the Big TF to see the - Pulled on the TF used to find the
trend. For example: entry. For example:

i. M30 for scalping i. M1, M5 and M15 for scalping

ii. D1 for intraday ii. H1 and H4 for intraday
iii. MN for swing iii. D1 and Weekly for Swing

© 2021 PIPS30
HOW TO DRAW &
ENTRY TRENDLINES + SNR
Timeline SUPPORT = Biru R
Timeline RESISTANT = Merah
R

R
R S

S
S
S
S

How to Draw a Trendline: Marking zone - specific zones.

We need to pull from HIGH to The entry method is to wait for the
HIGH for Resistance. price to touch the trendline:
We need to pull from LOW to LOW
for Support. In Trendline Resistance for SELL
In Trendline Support for BUY
Body to Body On Trendline SBR to SELL
- This way high risk and floang will On Trendline RBS to BUY
be more.
But candles�ck cannot go out of
Shadow to Shadow trendline.
- This way low risk and floa�ng will If you go out (breakout) you need
be less. to cutloss/ close order.
NOTE: Valid for all pairs. ALWAYS LOOK LEFT FOR THE NEAREST SNR!

© 2021 PIPS30
MAJOR, MINOR
TRENDLINE
Step by Step to pull the Trendline!

Step 1 (Major Trendline) Step 2 (Minor Trendline)

- Pull the trendline on a large - Drag the trendline on a small
Timeframe according to the Timeframe to find entries
Scalping, Intraday or Swing entry according to the Scalping, Intraday
method. or Swing entry method.

Example:- Examples:-

Scalping: Drag on the Timeframe Scalping: Pull on Timeframe M1 or

M30 or M15. M5
Intraday: Pull on the Daily Intraday: Pull on H1.
Timeframe. Swing: Pull on Daily.
Swing: Pull on Weekly or Monthly

Step 3 (SNR)
- Once you’ve pulled everything, wait in the Trendline and SNR zone to
enter.
­€”  „­€ 

Major Trendline is a trendline Minor Trendline is a trendline

drawn on a large Timeframe- drawn on a small Timeframe to
Timeframe to see the original trip. find a sharp entry and less
floa�ng.

© 2021 PIPS30
TRENDLINES + SnR
FLIP

The RBS trendline is a trendline for price retest/retrace a�er a breakout.

How to draw this trendline?

You need to pull from HIGH to HIGH

1. RED Line Trendline Resistance

2. BLUE box Retest/Retrace area
3. The RED Line is the Resistance Trendline that turns into Support a�er
price breakout.
4. Entry area is in the BLUE Box where the price touches again Trendline.

© 2021 PIPS30
SBR trendline is a trendline for price retest/retrace a�er breakout.

How to draw this trendline?

You need to pull from LOW to LOW

BLUE Line Trendline Support

BLUE box Retest/Retrace area
The BLUE line is the Trendline Support changed to Resistance a�er the
price breakout.
Entry area is in the BLUE Box where the price touches the Trendline again.

© 2021 PIPS30
TRENDLINE
BREAKOUTS

Trendline breakout occurs

when the trendline is
outlined, broken by the
market price when a
breakout occurs, then the
market will change trend.

If the market is UPTREND and there is a breakout, the market will change
to DOWNTREND.

If the market is DOWNTREND and there is a breakout, the market will

change to UPTREND.

© 2021 PIPS30
 ’  ‚

Clean Breakout

Breakout & Retest

Fakey (Fake Breakout)

© 2021 PIPS30
CHART PATTERNS

Pa�ern charts are an important element in analy�cal techniques. Every

investor and trader must know the knowledge of Chart Pa�ern as a guide for
them to analyze market price movements.

Pa�ern chart is a pa�ern formed from price movements and can help us to
determine which direc�on the next price will go. This price pa�ern is guided
by the previous market price.

© 2021 PIPS30
 Raising Wedge

Stopless

Entry

Target

CONTINUATION PATTERN gives a signal where the market price will

con�nue to rise according to the current price trend.

For example, when a company's stock price moves in an uptrend, it will

rest to make a correc�on/retracement.

During this retracement, the Pa�ern Chart will be formed.

If what is formed is a Con�nua�on Pa�ern, then the market price will

con�nue to rise according to the previous trend.

Falling Wedge

Target

Entry

Stopless

© 2021 PIPS30
 Head

Shoulder
Shoulder
Head Shoulder

Stopless
Entry

Uptrend
Target

REVERSAL PATTERN gives a signal that can tell us that the market is
slow or the momentum is not strong and may change direc�on from
uptrend to downtrend or vice versa.

For pa�ern reversal, the best way to use it is with a combina�on of

Support & Resistance.

Downtrend
Inverse
Head & Shoulder

Target

Entry

Stopless

Shoulder
Shoulder

Head

© 2021 PIPS30
KEY TO
SUCCESS

6
Final Chapter
6
TYPES OF
FOREX TRADERS
STYLE SCALPING INTRADAY SWING POSITION

Timeline Very short Short Long Very Long

(1 minute - 1 hour) (In the same day) (Daily/ Weekly) (Monthly/ Yearly)

Timeframe M1,M5,M15 M5, M15, M30 M30, H1, M4, Daily, Weekly
H1 & H4 Daily, Weekly & Monthly

Pros • Very fast to get • More relaxed than • More relaxed than • Very relaxed
profit scalping intraday • Very suitable for
• Can be done • Suitable for part • Suitable for part part time trader
repeatedly in 1 time traders time traders • Can reach up to
day • More pips versus • Can reach up to thousands of pips
• The risk of loss is scalping hundreds of pips
small

Cons • A few pips • It is difficult to • Have to wait a • Have to wait a

• Need to always get a suitable long time to make very long time to
look at the chart entry position a profit make a profit.
• Stress • Not too many • Requires high • Requires higher
• Loss can pips compared margins margins.
become large if to swing and • High risk of loss • Very high risk of
too many position trading. loss.
positions and lot
sizes are not
controlled

© 2021 PIPS30
MONEY
MANAGEMENT

Emo�onal care is also an important thing to do in Forex trading. Many

things can happen at once and give us high mental stress.

Follow the guide:

- Do not enter an order if the trend is moving.
- Do not enter orders against the trend.
- Be aware and accurately check the analysis before entering order. - Do
not trade Forex if you have a lot of personal problems and when the
mood is unstable.
- Put value on Stop Loss and Take Profit with risk reward the right one.

If you s�ll do not follow the guidelines given, you will only face huge
losses.

© 2021 PIPS30
 RISK MANAGEMENT
Drawdown

In Forex, a loss is o�en known as a Drawdown (DD) say you have a

capital of $ 10,000 and have lost 5,000.

What percentage did you lose?

50%. That's called a Drawdown

TRADE BALANCE 2% TRADE BALANCE 10%

HIGH RISK HIGH RETURN!

Risk per trade 2% vs 10%
Look above.

© 2021 PIPS30
 FREE ACCESS
Congratula�ons for finishing the ul�mate guide to Forex Trading that
we have developed!

Don’t only read this one, make sure that you go through the guide
every �me you are unsure and looking for a reliable source of
informa�on.

We are sure that most will want to learn more, so stay tuned for �ps
and knowledge that we drop daily in our Telegram channel, PIPS30!

We hope you have all read and garnered the knowledge you need to
succeed in the industry.

All the best everyone!

• “
Click the telegram icon below

© 2021 PIPS30