By Bennybl www.bennybl.com 10 11 12 13 14 15 16 17 18 What is supply & demand Only Four Trading Patterns to identify How to identify and Draw supply demand Two Elements to consider in Any Trade – Location & Structure types of trade setup What is Trend? How to define a Trend? How to draw trendline consistently? How we know trend ending? How & when to trade Counter Trend (CT) How to know market top /bottom Supply/Demand in Control Types of Trade Entry & When & How to use them How to trade head & shoulder our way How & When to trade Continue Pattern CP What a Good Base should like How to Validate Supply demand Structure of trade How to trade with Multiple Time Frames Momentum breakout (MBO) Secret In Trading     When supply exceeds demand, there is going to be a turn in price Price is driven down due to the quantity of goods produced & lack of demand for those goods being produced Price move down due to more sell orders than buy orders (imbalance between sellers & buyers) The price ranging before it drop, we call this zone as supply We look to sell in the future when price retrace back to this supply(SZ) Reason: When there are strong imbalance, it also mean there are “unfilled” sell orders at the supply     When demand exceeds supply, there is going to be a turn in price Price is driven up due to the quantity of goods demand & lack of supply for those goods being demanded Price move higher due to more buyers than sellers (imbalance) The price raging before the rise, we call the zone “demand” We look to buy in the future if price retrace back to the demand Reason: Because of strong imbalance, there are unfilled buy orders at the demand waiting to be filled Drop-base-rally (RP) Rally-base-rally (CP) Rally-base-drop (RP) Drop-base-drop (CP)  When there is only one candle that form the base That single candle is the base  When there are more than one candle form the base, any candlestick that has a body less than 50% of its range is part of the base  When the candle’s body is less than 10%, L1 and L2 are drawn on the top & bottom of the candle, otherwise, the L1 is drawn on the open/closed of the candle & L2 draw on the end of the candle A failed mbo against trend     1st opportunity – mbo 2nd Supply demand retracement trade 3rd MBO/trend trending/mbo 4th Counter trend HTF supply CT mbo mbo Double bottom confirmed mbo SD retracement trade HTF demand Secret in Trading – All in Trading Psychology : Trading is a Probability Business What is Probability: How likely something is to happen Many events can't be predicted with total certainty The best we can say is how likely they are to happen, using the idea of probability For example, tossing a Coin When a coin is tossed, there are two possible outcomes: •heads (H) or tails (T) We say that the probability of the coin landing H is ½ And the probability of the coin landing T is ½ Money Management There are Parts in money management: •How Much to Risk Per Trade? •Risk vs Reward How Much To risk? You want to double your equity in a couple months, in months time, in a year? Are you happy with 10% account growth every month, 20%? What is it that you want from your trading? Most big investors and hedge funds are happy with a 5% monthly growth Why retailer traders want a 50% or even a monthly 100% account growth? Its not the question of how much money we want to make a month, money will come to you if you the things right If You Risk 1%, It will take 388 losing trades If You Risk 0.5%, you will blow up your account more than 700 losing trade If You Risk 5%, you can only allow to have 20 failed trade… Forward test the methodology for months under Forex Tester (You can download from my www.bennybl.com) You first need to your homework and learn and remember all the trading rules Next try the methods on a demo account until you can consistently profit 5% every month for month Open a live account and follow the money management to the core If you ever suffer the loss of 20% of your account, you STOP trading You should go back to demo and analyze all of your trades to figure out what went wrong You won't go back to live trading again until your demo has shown you what went wrong      Risk per trade: 1% of your account balance Number of open trades at the same time: That is a 4% risk Maximum loss per day: 4% Stop trading after consecutive losses Analyze your trades and learn what you did wrong, if you are not sure, please ask the community Maximum drawdown: 20% If you ever suffer the loss of 20 percent of your account, you stop trading You should go back to demo and analyze all of your trades to figure out what went wrong Analyze all the trades taken during the week at the end of Friday Turn off your trading platform and analyze your winners/losses, learn from them       Unlimited small group online mentoring via teamviewer + Skype Weekly webinar on weekly market analysis Exclusive Facebook invitation Exclusive Telegram invitation Unlimited refresh for free Yearly retreat ***