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PRICE PATTERNS & FIBONACCI RATIOS !!By : Kenny Simon!
ABOUT MYSELF:!!!• Business Development Manager (Asian Regions)!!• Trader & Trainer for more than 8 years!!• Trading Methodology: !
- Geometric Trading & Price Patterns!- P.R.I.C.E Trade Plan !- Strategic Trader Mindset!- Set & Go – Be at peace & enjoy trading /Life!
!P – Potential Trades & Psychology!R - Risk : Reward ( Money Management)!I - Insights & Intermarket Analysis!C - Convergence (Technical + Fundamentals + MM)!E - Execution ( Trading decision)!
ABOUT THIS !TRAINING SESSION:!!• Topic brief!!• Why this topic?!!• Who for ?!!• What are the benefits to you ? !
ABOUT THIS !TRAINING SESSION:!!• Topic brief!!• Why this topic?!!• Who for ?!!• What are the benefits to you ? !
WHAT’S COVERED?!!!• What is Geometric Trading !!• Geometric & Non- geometric Patterns!!• Special Fibonacci ratios!!• Potential rewards !!• Completed / Successful Trades !!• P.R.I.C.E Trade Plan outline !!• Mentorship Program / Coaching!!• Trade Ideas for the upcoming week!!
STEPS TO DRAWING GEOMETRIC PATTERNS ONTO YOUR CHART!
Case Study : EUR /USD
TF : 4Hr!Pattern : ABCD /
Lightning Bolt!Date : 24-08-2015!
STEP 1: !!
All Visual – ‘Low –High- Low’! !
Analysis as of 24th August 2015!
------ ZOOM OUT ------!
VISUAL
Current Price : !1.1426!
STEP 2: !!
Rough Sketch of the ABCD Pattern! !
Analysis as of 24th August 2015 MIND’s EYE --- Projection!
STEP 3: !!
Drawing the 1st Leg (AB) ! !
Analysis as of 24th August 2015
STEP 4: !!
Drawing the 2nd Leg (BC) ! !
Analysis as of 24th August 2015
STEP 5: !!
Drawing/Projecting the 3rd Leg (CD) ! !
Analysis as of 24th August 2015
STEP 6: !!
Probable D Projection! !
STEP 7: !!
Drawing the !Geometric Shapes!
onto the charts !
FIBONACCI RATIOS !
Where did the ‘C Point’ Land?! (Which Fibonacci Ratio?)!
D Projection:
D = Fib% of BC !
FORECASTING ‘POINT D’ !USING FIBONACCI RATIOS!
NOW, IT’S TIME FOR SOME!LIVE TRADE IDEAS
Webinar – Trade Ideas 7th- 11th Sept 2015 ! !!By : Kenny Simon!2nd September 2015!!
Example as of 2nd September 2015
Example as of 2nd September 2015 Yahoo News – Finance – Market Data -‐ Currencies
USD/CAD!Before & After
Before BEFORE
Price was at the 135,50 region
Price was at the 135,50 region
Price was at the 135,50 region
BEFOREE
Price was at the 135,50 region
AFTER 22092015
ORBEX EDUCATIONAL !COURSES:!!!• Foundations course!!• Strategy Course (Geometric)! !• Mentorship Program (Coaching)!
• Partner’s Training (For IB’s or IB network)!
TERIMA KASIH
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