Adam khootf2019
- 1. High Probability Forex Trading The Key to Achieving Consistent Profitability By Adam Khoo www.piranhaprofits.com
- 3. 10% 30% 60% 1) TRADING SYSTEM What Makes A Profitable Forex Trader? • Trading System with a Positive Profit Expectancy • Specific set of entry and exit rules based on a sound methodology that gives a statistical edge • Average wins > Average Losses • Over a large sample of trades, will always be profitable • 90% of traders do not have a trading system! • Losing traders trade based on listening to opinions, emotions, making predictions, ‘luck' etc… • In the long run, will always lose money • The 10% of Traders Use a Proven Trading System… These Are the Profitable Traders
- 4. Trading Strategies that Exploit Repeatable Patterns Gives Us an ‘Edge’ Trend Trading (Continuation) Reversals (Mean Reversion) Retracements Breakouts Buy Sell Buy Sell Sell Buy Divergence + Oscillator Divergence + Oscillator
- 5. Know WHEN to Trade Know WHAT STRATEGY to Trade CHOPPY- CONSOLIDATING
- 6. Know WHEN to Trade Know WHAT STRATEGY to Trade (SYNC) TRENDING
- 7. Trend Retracements TRADE TREND RETRACEMENTS Price Action + Moving Averages + Candlesticks
- 12. It is NOT that Simple!!!!
- 13. My Secret Weapon …. The Currency Strength Meter The Most Powerful Indicator Used By Professional Bank Traders!
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- 15. Trade live with Us in Our Chatgroup
- 16. Day Trading Strategy Bull Flag Surfing (Long Trade) Entry Buy stop 84.09 Stop Loss 84.01 Take Profit 84.25 1R = 8 pips 2R = 16 pips Entry Rules • Currency Strength Aligned • Moving Averages Aligned Up • Candles are ‘surfing’ EMA • After Strong Impulse, Corrective candles making lower highs • Buy Stop Order above high of last corrective candle Exit Rules • Stop loss just below candle • Entry to Stop Loss = 1R Distance • Take profit at 2R above entry
- 17. 10% 30% 60% TRADING SYSTEM POSITION SIZING • How many lots to trade long/short • Consistent Small (1%-3%) Risk per trade • Never adjust size based on ‘feelings’ • Preserve capital in the event of losing streaks (inevitable) What Makes A Profitable Trader?
- 18. Position Sizing • Risk a fixed percentage % of your capital for every trade (i.e. 1%-3%) • Example: Risk per trade = 1R = 1%
- 19. Bull Flag Surf Long Trade Entry Buy stop 84.09 Stop Loss 84.01 Take Profit 84.25 1R = 8 pips 2R = 16 pips Capital $3,000 Risk per trade R = 2% No. of Lots =. $3,000 x 2% = 0.75 lots 8 pips x $10 Winning trade = $3,000 x 4% = $120 Losing trade = $3,000 x 2% = $60 No. of Lots = Capital x %Risk Per Trade Stop loss Distance x $Value-per-pip
- 20. Profitable and Powerful Trading Business Plan Entry price Profit Target Stop Loss Risk: 1%-3% of capital Potential return: 1.5%-4.5% of Capital 50%-60% Probability 40%-50% Probability 1R 1.5R To 2R
- 21. 20 trades a month 12 wins 8 losses 60% average win rate 12 x 3% = 36 % 8 x (-2%) = -16% +16% Return Per Month Risk per trade = 2% Potential Profit = 3%
- 22. 20 trades a month 11 wins 9 losses 55% average win rate 11 x 3% = 33 % 9 x (-2%) = -18% +15% Return Per Month Risk per trade = 2% Potential Profit = 3%
- 23. 20 trades a month 10 wins 10 losses 50% average win rate 10 x 3% = 30% 10 x (-2%) = -20% +10% Return Per Month Risk per trade = 2% Potential Profit = 3%
- 24. Consistent Profits When Trading System is Followed
- 25. 10% 30% 60% PSYCHOLOGY TRADING SYSTEM POSITION SIZING What Makes A Successful Trader? • Discipline to follow the Trading System consistently (no deviation) • Takes Psychological/Emotional Mastery • Reason why many people learn trading systems but unable to replicate the profits of the winning trader
- 26. Trading is the only Skill that Can Guarantee You An Income for the Rest of Your Life www.piranhaprofits.com
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- 28. https://offer.piranhaprofits.com/traderfest Valid For First 30 Enrolments until 15th August 2019 23:59 PST.