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Table Of Contents:

Introduction - 3
- Proof - 5
Everything You Need To Know About Forex - 6
- What Is Forex? - 6
- How Is Money Made From Trading Forex? - 7
Forex Basics - 9
- “Long” and “Short” - 9
- What Is A “Pip” - 10
- The “Bid” and the “Ask” Prices - 11
- The “Spread” - 13
- Lot Sizes - 13
- Leverage and Margin - 14
- Swap Fee - 14
- Types Of Forex Orders - 14
- Types Of Forex Market Analysis - 16
- Types Of Forex Charts - 18
- Forex Trading Sessions - 21
MetaTrader 4 Basics - 23
- What Is MetaTrader 4? - 23
TradingView Basics - 25
Broker Basics - 28
- What Is A Broker - 28
- Setting Up Live/Demo Account - 38
- Depositing/Withdrawing Funds - 43
K.I.S.S. Strategy - 43
- Market Structure/Market Structure Breaks - 44
- Timeframes/Top Down Analysis - 47
- Indicators - 50
- Institutional Levels - 57
- Fibonacci/Fib Basics - 59
- What Is Fibonacci? - 59
- Fib Basics - 60
- News - 82
- Risk Management - 84
- Tying It All Together - 85
Final Notes - 86
- Trading Demo for 30 Days - 86

1
 - Backtesting - 86
Final Thoughts - 87

2
Introduction (Please Read)

Hey everybody, my name is Tai Odiase! Thank you very much for

buying my course! I am currently a 24-year old professional basketball

player. I have been trading on the Foreign Exchange Market for about 3

years and have learned (and unlearned) a lot of things in that timeframe.

There are a lot of teachers out there who try to incite students to buy their

overpriced course when they are really just in it for the money. There are

marketers that persuade people to “join their team” and take forex signals

when in reality, they just want you to help their team grow larger and larger

so they receive bigger weekly commissions. It is all about becoming

independent and being confident in taking trades wherever you are at. It is

also all about gaining freedom in life and getting out of that 9-5 with that

company who doesn’t have your best interest and that is exactly what I

want to help you do!

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 After you complete this course, you will be able to take profits from

the market daily with increased confidence. You will become a master of

your psychology and risk management to add greater value to your analysis

of the market and how to approach your everyday life. I created this course

for you to get the freedom you deserve. All the principles taught in this

course are based on all my experiences in the Forex market which I have

used to develop my personal trading style that I am now able to share with

you. One last thing to note, which is important: YOU WILL BE SUCCESSFUL

AND WILL MAKE MONEY IF YOU PUT IN THE WORK. Practice, practice,

practice. This course is designed to help decrease the learning curve so just

pay attention and take good notes. You will make money!

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Proof

Here is a screenshot from my account on the broker website I use to

trade forex. As you can see, forex can be very profitable and you are on your

own schedule. I took some time off due to an injury I endured in 2019 but I

came back making money and withdrawing like nothing happened. When

you learn the skill, you have it forever! Anyone can do it. You’ll learn the skill

with this course. Let’s continue.

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Everything You Need To Know About Forex

In this section, I will be going over all of the basics you need to know in

order to start trading forex. I learned all of the things I am going over in this

section on babypips.com, but I am just breaking it down for you in smaller,

more simpler segments. To get the full breakdown of everything from this

section, go to babypips.com! Always important to learn the basics first, so

that the transition into the more complicated stuff is way smoother. Please

take your time with this section!

What Is Forex?

The forex (foreign exchange) market is basically a huge marketplace

to buy and sell currencies against one another. All the world’s currencies

trade in this market. The foreign exchange market is the largest, most liquid

(liquidity refers to how active a market is) financial market in the world. The

forex market averages a whopping $5 trillion dollars daily in trades volume,

compared to the NYSE (New York Stock Exchange) which only averages

$22.4 billion dollars daily in trade volume. You could even combine the

volume of every stock market in the world and they still won’t come close to

the forex market. Out of that $5 trillion dollar figure, retail traders (that

would be us) make up about 5-6% of that volume, or about $300-400 billion.

On top of that, the market stays open 24 hours a day and 5 days a week, only

closing on the weekend. The stock and bond markets close at the end of

each business day.

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 You’ve probably experienced foreign exchange in your life and didn’t

realize it. For example, when you travel internationally in order to spend

money in another country, you have to convert your country’s currency into

the currency of the country you are visiting. So if you are traveling from the

United States to Great Britain, you head to your local currency exchange and

give them US dollars (USD) and in return, they give you an equivalent

amount of Great Britain pounds (GBP) according to the exchange rate at the

time. While in Great Britain having the time of your life, let’s assume you did

not have to spend any money. It’s time to leave and the exchange rate for

USD to GBP increases. You give them the same amount of GBP you received

before your trip and to your surprise, you receive more USD than you

originally gave them! That is the basis of forex but you get to emulate this

process from the convenience of your home on your computer or phone.

How Is Money Made From Trading Forex?

In the forex market, currencies are bought and sold by placing trades.

The aim of forex trading is to exchange one currency for another, expecting

that price will change or more specifically, expecting that the currency you

bought will increase more than the one you sold. For example:

❏ I want to convert my US dollars into Euros (EUR/USD)

❏ I buy 1,000 euros at an exchange rate of 1.21 (or for $1,210)

❏ A few days later, I sell 1,000 euros at an exchange rate of 1.28 (I receive

$1,280)

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 ❏ I earned a profit of $70!

An exchange rate is basically the ratio of one currency’s value against

another. So for example, the EUR/USD exchange rate tells you how many

euros can purchase one US dollar, or how many US dollars you need to buy

one euro.

Currencies are quoted in pairs (USD/JPY, AUD/USD). The first currency

listed in a pair is called the “base currency” and the second currency listed is

the “quote currency”. For example, with the pair EUR/USD, EUR, or Euro,

would be the base currency and USD, or US dollar, would be the quote

currency. 1.18, in this case, would be the exchange rate.

Source

When buying, the exchange rate indicates how much of the quote currency

you have to pay in order to get one unit of the base currency. When selling,

the exchange rate indicates how much of the quote currency you will

receive for selling one unit of the base currency. With the example above,

you will receive 1.18 US dollars when you sell 1 euro. In forex, if you buy a

currency pair, you believe the base currency will increase in value while the

quote currency decreases in value. If you sell a currency pair, you believe the

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base currency will decrease in value and the quote currency will increase in

value.

Forex Basics

In the previous segment, I explained what it means to buy or sell a

pair, but now it is time to translate that into trader language and teach you

additional terminology.

“Long” and “Short”

So, when buying a currency pair (buying the base currency and selling

the quote currency), you want the base currency to increase in value and

the quote currency to decrease in value. In trader talk, “long” is the term

used when buying. So as a trader, you would say I’m “taking a long position”

or I’m “going long”. When selling a currency pair (selling the base currency

and buying the quote currency), you want the base currency to fall in value

and the quote currency to increase in value. The trader term for selling is

“short”. So as a trader, you would say I’m “taking a short position” or I’m

“going short”. Long = Buy, Short = Sell. Simple.

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What Is A “Pip”

SOURCE

A “pip”, short for “point in percentage”, is the smallest price

movement a currency pair makes and it is usually the last value after the

decimal place, as shown above. The objective is to make money in forex, but

the main goal and the thing you should focus on is making pips. The more

you focus on getting as many pips as you can, I promise the money will

follow. For a better understanding on how to count pips, refer to the

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following diagrams.

SOURCE

SOURCE

For most pairs like EUR/USD and USD/CAD, 1 pip is 4 decimal places away,

whereas for pairs like USD/JPY, 1 pip is counted 2 decimal places away.

The “Bid” and the “Ask” Prices

In your trading app, forex quotes are quoted with two prices, the “bid”

and the “ask”. The bid is usually lower than the ask price. The bid is the price

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at which the market is ready to buy a currency pair in the market. At this

price, you (the trader) can sell the base currency. On the MetaTrader 4 app

(which you will learn more about in the “MetaTrader 4 Basics” section of the

course), this price is shown on the left side. The ask price is the price at

which the market is ready to sell a currency pair in the market. At this price,

you can buy the base currency. It is shown on the right side on the

MetaTrader 4 app.

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The “Spread”

The “spread” is the difference in price between the bid and the ask

price. For example, the bid/ask price for EUR/USD might be 1.2245/1.2249. In

this case, the spread would be 4 pips.

Lot Sizes

A “lot” is basically the numbers of currency units you will buy or sell.

There are 4 lot sizes: standard, mini, micro, and nano. T

​ he standard size for a

lot is 100,000 units of currency. A mini lot is 10,000 units, a micro lot is 1,000

units, and a nano lot is 100 units. With a pair like EUR/USD, a standard lot is

$10 per pip, a mini lot is $1 per pip, a micro lot is $0.1 per pip, and a nano lot is

$0.01 per pip. Pairs like USD/JPY are calculated a little differently. Refer to

the diagram below for clarification.

SOURCE

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Leverage and Margin

Leverage, in the trader’s world, gives you access to a larger portion of

the market with a smaller deposit on your part. For example, let’s say you

deposit $1,000. With a leverage of 1:100, that $1,000 deposit gives you control

of a $100,000 position. This gives you an opportunity to make a larger profit

with a smaller up-front investment but leverage is a double-edged sword

when not used properly. Leverage can also cause you to lose your full

investment very fast. Beginners should use a leverage between 1:50-1:200.

“Margin” is the deposit you give your broker in order to control a certain

amount of money when you open a position, depending on your leverage.

Swap Fee

A “swap” fee is an interest fee that is either paid or charged to you by

the end of the trading day. In forex, is it calculated by taking the interest

rates between the two currencies you are trading and the amount charged

is determined whether your position is long or short.

Types Of Forex Orders

An “order” in forex refers to how you will enter a trade. There are quite

a few types of order but these are the four orders you need to know: Market

order, limit entry order, stop entry order, and a stop loss order. A market

order is an order to buy or sell at the best available price. For example, let’s

say the bid price for USD/JPY is 122.456 and the ask price is 122.459. If you

wanted to buy USD/JPY, it would be sold to you at 122.459. A limit entry

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order is an order you place to either buy below the market or sell above the

market at a certain price you indicate. For example, the price for AUD/USD is

at 0.5950, but you want to sell at 0.5970. Instead of waiting at your computer

or on your phone for price to get to that level, you would set a sell limit order

for 0.5970 and tend to your other business. The same is done for a buy limit

order but only at a price that is BELOW current market price. Refer to the

diagram below.

SOURCE

A stop entry order is an order placed to buy above the current market price

or to sell below current market price. For example, the price for EUR/USD is

at 1.1426 and you believe that price will continue upwards only if it hits 1.1436.

You can either sit and wait for price to hit 1.1436 or you can set a buy stop

entry at 1.1436. Refer to the diagram below.

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SOURCE

A stop loss order is an order you set to prevent you from taking any

additional loss in case your trade doesn’t go your way. For example, you

enter a short on GBP/USD at 1.4538. You set a stop loss at 1.4338. News come

out about the interest rates on the GBP and price shoots down. Instead of

blowing your whole account, you get stopped out at 1.4338.

Three Types Of Forex Market Analysis

In forex, there are three types of market analysis: fundamental,

sentiment, and technical analysis. This course is based mostly on technical

analysis but it is good to know how other types of forex analysis apply to the

way people trade and why the charts move the way they do. F
​ undamental

analysis is the act of analyzing past economic data and news events to

determine a market bias. Fundamental traders utilize websites such as ​My

FX Book​ or ​Forex Factory​ for daily news updates.

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Technical Analysis is the act of analyzing past price data on charts to

determine a bias. Charts provide a visual receipt of buyer and seller

transactions in the market as well as economic and sentiment data.

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Sentiment Analysis is the act of analyzing the tone of the market, or its

crowd psychology, based on buyer or seller strength. Rising price would

indicate bullish sentiment while falling price would indicate bearish

sentiment.

Types Of Forex Charts

There are 3 types of charts, bar charts, candlestick charts and line

charts. However, our strategy focuses on candlestick charts for our analysis.

Bar charts are a visual representation of open, high, low and closing price in

the form of bars.

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Line charts are a visual representation of open and closing price in the form

of a line. A line chart literally draws a line from one closing price to the next

closing price.

Candlestick charts are a visual representation of open, high, low and closing

price. I will go more in depth on the candlestick chart since this is the chart

we will use the most.

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Candlestick charts show the same price info as the bar chart, but in a nicer

format. Candlestick bars still indicate the high-to-low range with a vertical

line. However, in candlestick charting, the larger block (or body) in the

middle indicates the range between the opening and closing prices.

Traditionally, if the block in the middle is filled or colored in, then the

currency pair closed lower than it opened. In the following example, the

‘filled color’ is black. For our ‘filled’ blocks, the top of the block is the opening

price, and the bottom of the block is the closing price. If the closing price is

higher than the opening price, then the block in the middle will be “white”

20
or hollow or unfilled.

SOURCE

Candlestick charts are the best because they are easy to interpret, easy to

use, and candlesticks are good at identifying market reversal points.

Forex Trading Sessions

In forex, there are four major forex trading sessions that open at

different times of the way, The forex market itself is open 24 hours a day, 5

days a week but within those 24 hours, there are different sessions that

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certain forex pairs are more volatile in. You don’t want to trade certain forex

pairs in certain forex markets because you can’t make any money when

price isn’t moving. The four forex trading markets are Sydney, Tokyo, London

and New York. Refer to the chart below to learn what time these four

markets open and close.

SOURCE

The London session is the most volatile session, especially for the GBP pairs.

Also along with trading during certain sessions, traders should also trade

during these most volatile days of the week, which are Tuesday through

Thursday.

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MetaTrader 4 Basics

Now that you’ve learned a little bit about what forex actually is and

how it works, it is time to learn about the actual tool you will be using to

place trades in the forex market.

What Is MetaTrader 4?

MetaTrader 4 is simply a trading platform used by a ton of traders and

brokers. Traders use it to view currency prices, place and modify trades, get

technical and fundamental analysis, and brokers use it to reach a broader

audience. Below is a preview on how the MetaTrader 4 interface looks on

your phone and on your computer.

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SOURCE

You can easily download the app onto your computer or phone by simply

going to ​https://www.metatrader4.com/en​ and picking the platform you

need. After downloading, click the link and watch the video below to learn

how to actually use the app! Later on in this course, we will teach you how to

create live and demo accounts so you can practice and then start trading

and making real money.

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https://youtu.be/f6OTUprpiqg

TradingView Basics

TradingView (tradingview.com) is the best online technical analysis

platform for traders and investors. MetaTrader 4 has all the technical

analysis tools we need for the strategy you will be learning but TradingView

is just way cleaner and some might like it better than MT4. I prefer

TradingView because the zoom features are better and you can spot set-ups

(potential trades) clearer. I’ll be showing you step by step how to sign up and

get started using TradingView below! First, go to tradingview.com. Next,

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click “join for free” in the top right corner to sign up.

After you sign up, log in into your email account and click on the

TradingView confirmation email you just received and confirm your account.

Then head back to TradingView’s homepage and click on “chart” below the

search bar.

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When you click ‘chart’, you will be taken to a full- featured chart you can

start your technical analysis on!

I will go more depth on how to use the chart later in the “K.I.S.S. Strategy”

section of the course but for now, you know the basics on TradingView.

There is also an iPhone and Android app available for analysis on the go!

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Broker Basics

In this section, I will be teaching you what a broker is, which one I

personally use to trade and how to sign up with the broker I trade with so

you can start trading as well.

What Is A Broker?

Forex brokers are essentially the middle men who provide the avenue

for you to enter the markets and trade on an everyday basis. Brokers provide

liquidity (price data) for you to do analysis and submit orders to the market

live market. Please pay close attention to the following steps. I am about to

take you through, step-by-step, on how to sign up for the broker I use and

how to verify everything you need to verify in order to get started. The

broker I use is called Hugosway.

First, click the link below and select “sign up” at the top right hand corner:

https://www.hugosway.com/?cmp=3l0g1x2i&refid=2483

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After signing up, you will be taken to an email verification screen.

Hugosway has sent an email to the email address you signed up with. Login

to your email account, navigate to the verification email, open it and click

“Complete Signup”.

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After clicking “Complete Signup”, you will be taken to an “Account Creation

Form” page. Fill out the necessary information and then submit.

After submitting the information, login to your Hugosway account. Upon

login, you will see that Two Factor Authentication is required to proceed.

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This is to protect your Hugosway account from any type of hacking or

phishing and to keep your money safe. Click “Enable 2FA”

You will be taken to the Two Factor Authentication page. Click “Enable 2FA

with authenticator app”.

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On your phone download the app “Google Authenticator” from your app

store.

When downloaded, open the app and in the app, hit the “+” sign in the top

right corner and then hit “Scan barcode” and scan the barcode on the

screen with your phone’s camera. After scanning the code, enter the six

digit number that is now in the app into the box where it prompts you to.

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Now, it is time to verify your identity so you can deposit funds into your

broker account in order to start trading. Navigate to the “Dashboard” and

click “KYC Verification”.

Select your Country Of Residence and the state you live in and proceed.

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Click “Click Here” and you will be taken to the ID verification process. If you

encountered an error, go to the bottom of page 35 for the solution to get

verified through customer support.

Locate the ID you will use to verify yourself then click “Start”. You can use a

regular ID, Driver’s license, or a passport.

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After that, you’ll be taken to a screen where you can select the form of ID

you want to use. Select the form you want to use and then upload the

pictures that they ask for.

When you are done with the process, just sit back and relax. They should

verify you pretty quickly, no more than 24 hours maximum. Some of you

guys may have encountered an error screen when trying to start the

35
verification process. If so, do not worry. Here is how to get verified through

customer support. First, navigate to the bottom right hand corner and click

the “chat” icon.

Click “More Options”.

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When prompted, please click “None of the above, please put me in the

queue to speak to an agent”.

After that, you will be connected to the support team and then you can

explain to them that the KYC Verification process was not working and they

will guide you through what to do.

37
Setting Up Live/Demo Account

Now that you are verified, it is time to set up the account you will need

to actually place trades on. To set up a live or demo account (to practice on),

go to your “Dashboard” and click “My Accounts” on the left hand side.

Then click “Create Account” on the right hand side.

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On the “Create an account” screen, you will have an option to create a live

and a demo account. First, we will create a live account. For the “Select

Account Type” box, pick Hugo MT4 ECN.

For the “Select Currency” box, select the main currency of the country that

you live in. That will be the currency you will be depositing, obviously.

39
For the “Select Leverage” box, select a leverage you feel you will be

comfortable with. For beginner traders, I recommend a leverage no more

than 200.

If you just want to practice on a demo account before you start trading real

money (which I STRONGLY suggest), this is how to create a Demo account.

First, in the “Select Account Type”, choose “Hugo Demo Account”.

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For “Select Leverage”, choose whatever leverage you are comfortable with.

For “Select Balance”, choose an amount you think you will be depositing so

you can get used to trading with that amount of money. Don’t choose

$100,000. It’s just not realistic and you challenge your skills more when

trading with smaller amounts of money.

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To log in to the account you just created, watch this video. Click the link

below.

https://www.youtube.com/watch?v=GjgndFdFoeM

42
Depositing/Withdrawing Funds

In this segment, I will be showing you step by step on how to fund

your account so you can start trading and also how to withdraw funds to

your bank account! Instead of writing it all out for you guys, I found a great

video on YouTube on how to withdraw and deposit funds via Cashapp easily!

Click the video link below.

https://www.youtube.com/watch?v=IAniTLXYTO4

K.I.S.S. Strategy

Now it is finally time to learn the actual strategy that you’ve been

waiting to learn! I have two mentors who really taught me the ropes to

Fibonacci, Daniel Savage and Joe Pena (FibsDontLie). If it wasn’t for them, I

wouldn’t be as profitable as I am today. In this course though, I am teaching

43
you Fibs in a way that is easy to understand and that is way, way cheaper

than the other courses out there. This strategy, in my opinion, is so simple

and will definitely help you earn tons of profit as you practice and master it.

Let’s get started!

Market Structure/Market Structure Breaks

With this strategy, we are going to focus on the 4 hour, 1 hour, and 15

minute charts. This strategy mainly focuses on market structure breaks and

then a retracement back to our fibonacci levels (I will be going over

fibonacci later in this section. Let me show you an example of what market

structure is and what market structure breaks are. With basic market

structure, there are 4 things to look at:

1. HH - Higher Highs

2. HL - Higher Lows

3. LH - Lower Highs

4. LL - Lower Lows

We look for those 4 things to identify which way the market is trending.

There are three ways the market can move. The market can move up

(uptrend), down (downtrend), or sideways (consolidation). Never ever try to

trade when the market is consolidating! Wait for a clear indication of trend.

In an UPTREND, price makes higher highs and higher lows. In a

DOWNTREND, price makes lower highs and lower lows. In CONSOLIDATION,

price moves sideways. In an UPTREND, swing highs are higher highs and

44
swing lows are lower lows. In a DOWNTREND, swing highs are lower highs

and swing lows are lower lows. Here are a few diagrams that will help you

visualize what those three types of movements are. Please take good notes

on these.

SOURCE

45
SOURCE

SOURCE

Now we are going to go over market structure breaks. A market structure

break is when the market shifts direction and shoots past the previous

Higher Low in an uptrend or previous Lower High in a downtrend. When

price breaks a previous LH or HL, it usually comes back to retest that LH or

HL and continue the way it was going, which is how we will make money

from this strategy. Let me show you an example. In the picture, you can see

that the market was in an uptrend. Price made a Higher Low (Low 1),

retested resistance, continued down and broke market structure by

continuing past the Higher Low. Price made a Lower Low (Low 2) then

retested that HL and continued down. WIth this strategy, that retest would

46
have been our entry and we would have had a successful trade!

SOURCE

Timeframes/Top Down Analysis

In this strategy, identifying the trend is very important. As one of my

mentors, FibsDon’tLie, said: “trade with the trend, the trend is your friend.”

So, with time frames, we will mostly be looking at the 4 hour, 1 hour, and the

15 minute timeframe. Top Down Analysis is when we start off by looking at

the 4 hour chart, then go down to the 1 hour chart, and then finish our

analysis by looking at the 15 minute chart. Top Down Analysis is performed

before every trade to get a bias on whether we will be longing or shorting

and to obtain more confluence before we enter a trade. On the 4 hour chart,

we have our institutional levels marked up because price respects these

levels very well. We also use the 4 hour chart to confirm trends along with

47
the 1 hour, which we are about to go over. I will be going over the

institutional levels later on in this section but let me show you an example of

how the 4 hour chart would look.

With the 1 hour chart, you will be looking at which way price is trending to

decide whether you will be longing or shorting. If price is downtrending, we

will be looking for a sell and if price is uptrending, we will be looking for a

buy. We will also be spotting potential entry for our trades. Here is an

example of what the 1 hour chart is supposed to look like. As you can see,

price is starting to trend up so we would be looking for buys.

48
The 15 minute chart is where we also can look for potential entries with our

strategy. I like to enter my trades on the 15 minute chart but before entering

my trades, I have to look at the 1 hour chart for extra confluence. Here is how

the 15 minute chart should look.

49
Indicators

In forex, indicators are used to predict future price changes in the

market. Personally, I think indicators can be misleading in terms of price

prediction BUT I do use one indicator: Moving Averages. I use moving

averages to help me indicate what the trend is in the market. The two

moving averages I use are the 50 SMA and the 14 EMA. Here is how to set

them up if you are using MetaTrader 4 on your phone to markup your chart.

50
First, hit the circled symbol on the top of your screen.

Then, hit “Main Window” (or the “+” button on the right of “Main Chart” if

you are on an Android device).

51
Scroll down and hit “Moving Averages”.

52
Finally, enter in these settings for each MA. You will have to repeat the

process for each of them.

53
To indicate trend with these MA’s after adding them to the chart, we just

observe them on the chart. If the 50 SMA (red) is crossing over the 14 EMA

(Green), the trend is bearish (downtrend). If the 14 EMA is crossing over the

50 SMA, the trend is bullish (uptrend). Here are examples of both occasions.

54
Here is how to add the MA’s on TradingView. First, click on the Indicators &

Strategies symbol.

55
Then search “FDL Moving Averages” and select it.

Here is how your chart should look now.

56
Institutional Levels

Institutional levels are levels that price tends to respect a lot and can

be vital turning points in the market. In the timeframes section, you can see

that I had then marked up on my GBP/USD chart. Here is the chart again.

On the chart I have the 000 and 500 levels marked.

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Different pairs have different institutional levels which I will list below.

● AUD/USD: 000, 200, 500, 800

● GBP/CHF: 000, 200, 500, 800

● GBP/USD: 000, 500

● US30: 00, 50

● USD/CAD: 000, 200, 500, 800

● USD/JPY: .000, .200, .500, .800

● USD/CHF: 000, 200, 500, 800

● XAU/USD (Gold): 0.00, 5.00

● XRP/USD: 000, 200, 500, 800

● USOIL: .00, .50

● NAS100: 00.0, 50.0

● GBP/JPY: .000, .200, .500, .800

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 ● AUD/NZD: 000, 200, 500, 800

● GBP/CAD: 000, 500

Mark these levels on your chart for extra confluence when trading!

Fibonacci/Fib Basics

Fibonacci is the bread and butter of this whole course (besides money

management) and the meat and bones of our strategy, take notes!

What Is Fibonacci?

Fibonacci is one of the most famous formulas in mathematics history.

The basis of it is that there is a sequence of numbers and each number in

that sequence is the sum of the two numbers that precede it. So the

sequence goes: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on. T

​ he mathematical

equation describing it is ​Xn+2= Xn+1 + Xn​. In education, the equation has

been described as “nature’s secret code” and “nature’s universal rule”.

PLEASE watch this video on the magic of Fibonacci and you will realize why

I love Fibs so much. Fibonacci is literally in everyday life. Please watch! Click

the link below!

https://www.youtube.com/watch?v=SjSHVDfXHQ4

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So, now that you know a little bit about the history and meaning of

Fibonacci, let’s apply it to forex trading.

Fib Basics

The K.I.S.S. strategy is based on Fibonacci. That is all we used to trade

along with other confirmations from what market price and market

structure tell us. This is what Fibs look like on the chart on TradingView.

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Here’s how it would look on your phone on MetaTrader 4.

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As explained in the Market Structure section of the course, our strategy

consists of waiting for a market structure break (which can see in the

example above), waiting for a retracement to our key fibonacci levels,

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entering and then waiting for price to go in our favor. Let’s dive deeper into

this. First, let’s set up the fib levels on your trading platform. Before we

continue, I just want to say that I prefer TradingView for analysis over any

other platform. If you have the choice between TradingView on your

computer and MetaTrader 4 on your phone, choose the computer. The

bigger the screen, the easier it is to see potential setups. Either way, you will

spot setups, but use the computer as much as possible or even an iPad or

tablet. Alright, let’s continue. On TradingView, click the “Gann And Fibonacci

Tools” icon.

Then, click the “Fib Retracement” option.

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Lay out your fibs on the chart and click to make them stay.

Right-click the fibs and click “Settings”.

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Select “Style” and enter in those fib levels. Exclude the 0.382 level. You don’t

need it.

After entering the fib levels, you can click the square next to the fib level and

edit the color. Since my chart is dark, I made my colors all white. You can

play around with the colors and see what looks best on your chart.

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You can also set fibs up on MetaTrader 4 on your phone and analyze on the

go! Here’s how. First, hit the “Objects” symbol at the top of your screen.

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Then, hit “Add Object”.

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Next, hit “Fibonacci Retracement”.

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Spread the fibs out on the chart and then go back to “Objects”.

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Go to “Fibonacci Retracement” and hit it to access the fib’s settings.

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Hit “Levels” to edit the fib’s levels.

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Enter the levels depicted here. Hit “Add Level” to add a slot. The left side is

your “Description” and the right side are your “Levels”. You have to enter

them separately.

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Now that your fibs are set up, it is time to learn how to use them to get into

trades and make money. So, when I am looking at my chart and where

current price is, I am looking at which way price is trending and if market

structure was broken. We check trend with the 4 hour and also the 1 hour

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chart. As you can see in this picture below, price is making higher highs and

the 14 EMA is crossing over the 50 SMA so that indicates trend is bullish. I did

not include the institutional levels because I want you to clearly see the MA’s

and how we run our fibs. Do not pay attention to the white line. That is the

200 EMA and some traders use that for support and resistance but that is

not needed.

Since we have confirmed price is trending up, it is time to look for a market

structure break. We now are going to look at the 15 minute chart. In the

picture below, circled is the leg that broke market structure BECAUSE it

took out all those previous highs (which are marked with X’s).

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Since that leg broke market structure, we draw our fibs from the bottom of

the wick of the leg to the top of the wick of that leg (wick to wick). In an

uptrend, the 1 fib level should be at the bottom of the leg and the 0 fib level

should be at the top. You would draw the fibs from bottom to top. In a

downtrend, the 1 fib level should be at the top of the leg and the 0 fib level

should be at the bottom. You would draw the fibs from top to bottom.

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With our strategy, when price breaks market structure, we expect it to

reverse to a certain point and then go with the trend again. The zone we

enter our trades in is between the 50 level and the 62 level. I call that the

“Hot Zone”. Anywhere in that zone is perfect for entry. For a clearer markup,

I usually use a rectangle to mark that zone. To use it, select the brush tool

and then select “rectangle” from the drop-down menu.

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As you can see, price retraced right to the zone and price took off! We would

have made profit in that trade. With our fibs, our Take Profit 1 level is the

0.236 level. TP 2 is the 0 level. TP 3 is the -0.25 level.

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In the last picture you can see that price broke market structure again. So, if

you hit TP 1 and was taken out your trade, now would be a good time to

adjust your fibs and wait for a retracement to the hot zone. As you can see in

the picture below, the fibs and our zone were readjusted and price retraced

to our zone and shot up. Another successful trade!

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Here are some examples from trades I took on my phone. I entered these

trades on the 30 minute chart and 1 hour chart. This strategy works on

EVERY timeframe BUT, the higher the timeframes you draw your fibs and

enter on, the longer you will have to stay in the trade. That is why the 15

minute chart is the chart I prefer to enter trades from. Don’t be afraid to

enter on the 1 hour though!

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News

Now that you know the strategy it is time to learn about news.

Everyday, all around the world, news is being released that have big effects

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on certain currencies, depending on what country releases the news. News

can also be catalysts for big movements in the market. Before you trade,

ALWAYS check the news for the day. You can do so at F

​ orex Factory​. When

you get to the website, you will see the news for the day, as well as what

time the news will be released, the currency it will affect, and the strength of

the news. The colored folders represent the strength of the news. The yellow

folder means that the news will have a low effect on the currency, the

orange folder means that it will have a medium effect, and the red folder

means that the news will have a strong effect on the currency.

In this strategy, we DO NOT TRADE the currency with news releasing 1 to 2

hours before news is supposed to be released and 30-45 after news is

released. Market becomes very choppy before and after news is released

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and you do not want to be in trades for a prolonged period of time or have a

trade go against you because of news. Stay out.

Risk Management

THIS segment is probably the most important segment of this section

besides Fibonacci. Risk management is a very important element of trading.

When you practice good risk management, it keeps money in your account

for another day in case trades did not go your way for the day. With basic

management, you want to RISK THE SAME PERCENT OF YOUR ACCOUNT

EACH TRADE. DO not change the amount of risk, no matter how many

trades you win in a row. Also, never risk more than you are trying to gain in a

trade. I prefer to use 0.05-0.10 lots per $100 in my account. In this strategy, I

always enter no more than 2-3 positions in our zone (between the 50 and 62

level). My first position’s take profit will be TP 1 on my fibs, position two, TP 2,

and position three, TP 3. My stop loss on trades I take on the 15 minute chart

are no more than 20 pips and I follow the TP levels on my Fibs. If I take a

trade on the 1 hour chart, I set my stop losses no more than 50 pips to give

the trade room to breath and I follow my TP levels on my Fibs. This part is

important: Once my trade is 10 pips in profit, I set my stop loss in profit. For

example, if I long GBP/USD at 1.12450 and it shoots up to 1.12550, I will set my

stop loss to about 1.12460 for a risk-free trade. If my stop loss gets hit, I still

make money. It is always better to make money, how the amount may be,

than to lose. When I have multiple positions open and set to their respective

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take profit levels (as explained above) and they are in profit, I will set my stop

losses on those trades in profit and let them run to their take profit levels. If

you feel comfortable with the profit, however, don’t be afraid to take profit

immediately. DO NOT GET GREEDY. Making money is the goal!

Tying It All Together

You’ve learned everything about the strategy but now it is time to tie

it all together. So, before you enter a trade, this is the process you need to go

through in your head before you place a trade:

1. Is it Sunday or Monday? If so, do NOT trade. Markets are still very

choppy and do not have a set direction just yet.

2. Is this your trading session? Does your pair move in this session? (AUD

pairs move more in the Sydney session, JPY pairs move in the Tokyo

session, USD pairs move more in the New York session, GBP and EUR

pairs move more in the London session)

3. Is your pair trending or consolidating? Do not trade if it is

consolidating.

4. Is there market structure break on the 15 minute chart?

5. On 4 hour chart, what is the overall trend? (Refer to your MA’s on the

chart)

6. Should you place this trade or should you stay out?

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Final Notes

Trading Demo for 30 Days

If you are a beginner trader, I would recommend you to study the

strategy as much as possible and to trade on a demo account for at least 30

days. Getting used to handling a demo account like real money will do

wonders for your psychology and will translate very well once you do start

trading real money. Try not to rush into trading real money until you have

the strategy down.

Backtesting

Backtesting is very, very beneficial when mastering a strategy. To be

honest, for some people, backtesting might be more effective than trading

demo AND could build your confidence faster and have you trading live

faster. There is a $10 a month fee you have to pay in order to access the

timeframes we trade on but it is worth every penny. Click the link below to

watch a video on how to backtest this strategy in TradingView.

https://www.youtube.com/watch?v=aagaMEI14us

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Final Thoughts

Thank you very much once again for purchasing my forex course! I

really hoped that I helped teach you a skill that you can use forever and even

teach your children, friends, spouse, family members, etc. As I write this, the

world is currently going through a pandemic. The pandemic is causing

many companies to lose money, that in turn is causing many people to lose

their jobs. The skill you learned in this course should free you of working that

job or working under anybody, period. Even stock investors are losing a lot

of money (even though the economy will bounce back one day). The select

few making money in this pandemic are forex traders so I feel like this was a

perfect investment for you to learn how to make money in a crisis. If you are

reading this and the pandemic is over, you have officially been introduced to

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a skill that will get you through the next crisis and give you the ability to

take care of yourself and your loved one without worrying about a thing.

Thank you once again for purchasing. God Bless.

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