WebSelf · Web viewHI WE ARE FOREX SNIPERS,WE CALL OURSELVES SNIPERS BECAUSE WE ARE MAKING IT BIG IN FOREX. A SUCCESSFUL TRADER IS NOT MEASURED BY HOW LONG HE TRADES, BUT BY HOW MANY

WELCOME TO FOREX SNIPERS

FOREX SNIPERS TONYLYNN LEE MABASA

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HI WE ARE FOREX SNIPERS,WE CALL OURSELVES SNIPERS BECAUSE WE ARE MAKING IT BIG IN FOREX.

A SUCCESSFUL TRADER IS NOT MEASURED BY HOW LONG HE TRADES, BUT BY HOW MANY SUCCESFUL TRADES HE TAKES IN A DAY.

I TAKE 10 TO 15 TRADES IN A MONTH,AS WAY TO ENHANCE RISK MANAGEMENT.

I MAY NOT TEACH YOU EVERYTHING IN FOREX BUT I WANT TO TEACH YOU HOW TO MAKE MONEY.SEE OUR PACKAGES BELOW

STANDARD PACKAGE INCLUDES [R300]: 1. [2 WEEKS SIGNALS]

2. LESSONS[LIMITED] [+R100]

PREMIUM PACKAGE [R500]: 1. [6 MONTHS SIGNALS INCLUDE NAS100]

2. LESSONS [MEDIUM LIMITED]

3. FULL YEAR MENTORSHIP

SUPER PACKAGE [R1000]: 1. 2 YEARS SIGNALS

2. LESSONS[UNLIMITED]

3. 2 YEARS MENTORSHIP

#not compulsory 4. + R500 FOR ACCOUNT MANAGEMENT

EXCLUSIVE PACKAGE [R2000]: 1. LIFETIME SIGNALS

2. LESSONS[UNLIMITED]

3. LIFETIME MENTORSHIP

4. ROBOT [IT OPEN AND CLOSE TRADES FOR U]

5. ACCOUNT MANAGEMENT IF YOU WANT

ROBOT PRICE ALONE: R1500

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CHART PATTERN TRADING WHY CHART PATTERNS OCCUR?

Regardless…a Technical Analyst always takes comfort in the fact that history does repeat itself as long as prices are always governed by supply and demand.

TYPES OF PATTERNS

1. LONG TERM PATTERNS [LT]

ARE THOSE PATTERNS THAT TAKE SEVERAL BARS OF DATA TO CREATE AND THEY ARE REFFERED TO AS WESTERN PATTERNS

THEY CAN BE SEEN OR IDENTIFIED ON ANY TIME FRAME.RULE OF THUMB SAY THE HIGHER THE TIMEFRAME YOU SEE A CHART PATTERN THE MORE CONSIDERED TO BE RELIABLE, AND THE LOWER TIMEFRAME TEND TO GENERATE MORE FALSE SIGNALS.

LT Patterns Provide---Structure (Once combined with trends and S/R)-- Future Direction‐-- Price Objectives (Targets)‐

EXAMAPLES OF LT PATTERNS--‐- Double Bottom

---Triple Bottom, Double Top, Triple Top.--Wedge,

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Head & Shoulders

--‐- Symmetrical Triangle, Ascending Triangle, Descending Triangle,--‐- Pennant, Flag.

STRUCTURE

IF WE ARE FAMILIAR WITH THIS PATTERNS AND WE CAN IDENTIFY THE POTENTIAL FOR ONE TO APPEAR, SO IT HELPS US TO KNOW AT WHAT STAGE OF THE PATTERN WE ARE AT. IN TURN THIS HELPS US TO ANTICIPATE THE BREAKOUT OF A PATTERN TO BUILD OUR TRADING PLAN, AVOID JUMPING IN TOO EARLY [KU HINGA HATLI HI PFULA TRADE]

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POTENTIAL FUTURE DIRECTION

ONCE A PATTERN IS CONFIRMED, ASWINA MHAKA KURI I REVERSAL OR CONTINUATION PATTERN, WE THEN HAVE A DIRECTIONAL BIAS FOR PRICE TO CONTINUE TRADING [SE AHISWI TIVA KUR KUYAVA SELL OR BUY]

PROFIT OBJECTIVES

ONCE WE HAVE TARGETS DEFINED, WE CAN THEN SEE IF THESE OVERLAP AREAS OF S/R TO BUILD A STRONGER CASE FOR PRICE REACHING OR REACTING AT THIS LEVELS

[LOKO HI SETE TI TARGETS SE HA CHEKA KURI TA HUNDZA TI S/R KU HITA VONA KURI PRICE YINGA FIKA KWIN (TP HINGA SETTA KWINI)]

2.SHORT TERM PATTERNS

CAN BE PRODUCED FROM A SINGLE BAR OF DATA OR MORE

For example,A ST pattern can be made up from 1-3 bars of data, and may form on any tradable timeframes such as 1 minute,1 hour, 1 day or 1 week etc.

ST PROVIDE-SIGNS OF POTENTIAL STRENGTH OR WEAKNESS-ENTRY SIGNALS-EXIT SIGNALS-TRADE MANAGEMENT

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SIGNS OF POTENTIAL STRENGTH AND WEAKNESS

YOU MAY BE MONITORING A TREND AND TRYING TO IDENTIFY THE END OF PHASE 2 OR THE BEGINNING OF PHASE 1. SOME CANDLES TINGA SUGGESTA TURNING POINT. [MARA TI ST CANDLES TI LAVA KU TIRHISIWA KA TI TRENDS, R/S KU TI TA TIRHA KAHLE] ‘BLEND FROM TRENDS….’

ENTRY SIGNALSTI PATTERN TINWA SWA HLUPHA KU KUMA BUY OR SELL SIGNAL XA BEST IKU KUMA TREND NATI AREAS TA R/STRADE MANAGEMENTYOU MUST MAKE DEFENSIVE MOVES.

LOKO U VONA TI BIG CANDLES TI FAVOR TRADE YAWE TLAKULA STOP LOSS KUR SE HAMBI YO CHIKA UVA UR NA PROFIT.

LOKO KUVA NA CANDLE RAKU THREATENA TRADE HUNGUTA STOP LOSS

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SHORT TERM PATTERNS VS LONG TERM PATTERN

TI TRADER TO TALA VA TSAKELA KU TIRHISA NDLEYA YIN’WE YO ANALYSER.

KAMBE KU TIRHISA TIRI TI BIRHI SWI NGA PFUNA NGOPFU KU MUNHU A VONA XIFANISO XA KAHLE XA MARKET.

WHILST LT PATTERNS PROJECT FUTURE DIRECTION AND PRICE TARGETS, TINGAVA TRICKY KA LOKO U FANE U PFULA TI TRADES.

WHIST ST PATTERNS GENERATE GREAT TIMING FOR ENTRY SIGNALS, ATIKU

KOMBI KUR TARGET KUMBE PROFIT YIYA FIKA KWINI [PROFIT OBJECTIVE] OR MUCH FUTURE DIRECTION BEYOND THE CANDLES YOU ARE CURRENTLY LOOKING AT.

NB HI MHAKAYA YATI REASON LET NIRI HLANGANISA TI PATTERN LETI MBIRHI TO SEE A FULLER PICTURE OF WHAT THE PRICE IS TELLING YOU

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CONTINUATION, REVERSAL, BEARISH OR BULISH?

CONTINUATION PATTERNS- ASSUME A BREAKOUT OF A PATTERN IN THE SAME DIRECTION IN WHICH IT ENTERED THE PATTERN.

REVERSAL PATTERN- BREAKS OUT OF THE PATTERN IN THE OPPOSITE DIRECTION TO WHICH THE PATTERN ENTERED

BULLISH PATTERNS-TI HUMELELA LOKO KURI NA UP TREND

BEARISH PATTERNS-TI HUMELELA LOKO KURI NA DOWN TREND

HOWEVER A ‘BEARISH REVERSAL’ WILL APPEAR DURING A BULISH TREND,LESWI KOMBISAKU KURI HILAKU NCICA KA KU SUKA KA BULLISH HIYA KA BEARISH

SO A BULLISH REVERSAL WILL APPEAR DURING A DOWN TREND

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TRENDS AND PATTERNS

--ONCE A TREND HAS BESTABLISHED (OR A SUSPECTED TREND)

SWI KOTEKA NGOPFU KU KUMA CONTINUATION PATTERN KA TIMEFRAME LEYI NGA NTSONGO KA TIMEFRAME LEYI UNGA KUMA TREND.

--LOKO TREND YINWANI NA YINWANI YITAVA NA REVERSAL KA TI POINT TINWANI TSUNDZUKA KURI ASWI OLOVI KU KUMA LA YINGA TA HELA KONA TREND. [YOU ARE STATISTICALLY LESS LIKELY TO IDENTIFY THE END OF A TREND]

--LAVA TI REVERSAL SIGNALS KA TI TIMEFRAME LETI NTSONGO TI TRADAKU KA DIRECTION YA TIMEFRAME LEYI KULU.

PATTERN CONFIRMATION

THERE ARE MANY METHODS TO USE TO CONFIRM PATTERNS, SWO DEPENDA KA PERSONAL PREFERENCE.

KAMBE RITO CONFIRM ARI VULI KU SWI 100% ,CONFIRMATION KOVA POINT A CHARTIN LA HI ASSUMAKU KURI LOKO YO CROSSIWA PATTERN YA HINA YINGA FIKELELA TARGET.

PATTERN YI CONFIRMIWA KU VONA PRICE REVERSE AND TRADE BACK KU YI ENDLA PATTERN YO FAILA.

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EACH PATTERN HAS A BREAKOUT LINE SIMILAR TO DRAWING TREND LINE OR S/R LEVEL.

BREAKOUT- PRICE YO FANE YI CROSSA BREAKOUT LINE NTSENA.

HOWEVER PRICE CAN RETURN BACK TO INVALIDATE THE PATTERN.

CLOSE-HILAKU VONA PRICE YI PFALA BAR A HANSI KA LAYINI, KU TIYISISA SIGNAL LEYI YA BREAKOUT[YA SELL]

THIS PROVIDES EXTRA CONFIDENCE, AND REDUCES THE CHANCES OF IT BEING A FAILED SIGNAL.

YOU ALSO RISK THE MOVE AND FOR PRICE TO TAKE OFF WITHOUT YOU.

MULTIPLE CLOSES-SOME ANALYSTS RISK 2 OR 3 CLOSES TO CONFIRM THE PATTERN.THIS GIVES YOU MORE CONFIDENCE.

THROWBACK STYLE

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THIS [BELOW LINE] IS WHERE THE PRICE BREAK OUTS.

PRICE YITLHE TI TLHELELA KA BREAKOUT LINE, LOKO LEVEL LEYI YO HOLDER AS SUPPORT OR RESISTANCE, IT PROVIDES AN EXCELLENT ENTRY WITH GREATER CONFIDENCE AND MUCH PRECISIONS TO ACHIEVE MUCH BETTER REWARD/RISK RATIO [TARGETS].

TIPS

NINGE VULI NIKU ONE TRADING METHOD IS PARTICULARLY BETTER THAN THE OTHER, BUT IT IS IMPORTATNT KU TIRHISA METHOD LOWU FAMBELANAKU NA TRADING STYLE XA WENA NAKU U MUNHU WA PATIENCE KUMBE NJHANI[PERSONALITY]

FOR EXAMPLE, AN AGGRESSIVE DAY TRADER LOYI A FANELAKU KUVA KA MARKET AS MUCH AS POSSIBLE [NKARHI WO LEHA] SWANDLA ANGA SWI KOTI KU YIMELA THROWBACK HIKU CHAVA KU MISSA OUT [ATAVA A PFULE TI TRADES TO TALA BY SCALPPING]. SE BREAKOUT APPROACH YINGAVA KAHLE FOR LOYI.

SE LOYI ANGA NA PATIENCE ANGA LUNGHA FOR THROWBACK.

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LONG TERM PATTERNS

CONTINUATION PATTERNS

WITH LT PATTERNS

LT PATTERNS LOOK SIMPLE IN TEXTBOOKS BUT THEY ARE NOT EASY TO TRADE.WE USE CHARTS PATTERNS TO PROJECT PATTERNS.WE USE THEM TO OBSERVE SWING PIONT RALTIONSHIP ON THE CHARTS.

IN AN UP TREND YOU’D SEE HH AND HL BUT IN REALITY [CHARTS] YOU’LL SEE THIS SWING POINTS GETTING CLOSE TOGETHER OVER TIME.

THE KEY TO CONTUNUATION PATTERNS IS TO USE HIGHER TIMEFRAMES TO IDENTIFY THE TREND. AND SEEK CONTINUATION PATTERNS FROM LOWER TIMEFRAME.

BREAKOUTS CAN… -BE CLEAN AND SWIFT (NO LOOKING BACK)

-RETRACE TO THE BREAKOUT AREA (THROWBACK)

-COMPLETELY FAIL AND TRADE BACK INSIDE OF THE . BREAKOUT LINE TO INVALIDATE THE PATTERN.

TARGETS-USUALLY THE SAME DISTANCE FROM THE DEPTH OF THE PATTERN . ITSELF

-PRICE DOESNT HAVE TO HAVE TO GET THERE IN A STRAIGHT LINE

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TRIANGLES

PENNENTS OR FLAGS

REVERSAL PATTERNS

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Documents

WebSelf · Web viewHI WE ARE FOREX SNIPERS,WE CALL OURSELVES SNIPERS BECAUSE WE ARE MAKING IT BIG IN FOREX. A SUCCESSFUL TRADER IS NOT MEASURED BY HOW LONG HE TRADES, BUT BY HOW MANY