21/09/2020
📊Elca Forex Master 📈
Master Price Action
Training course
Content: 👇
âž–1. Introduction
- What is FOREX?
- Currency pairs
- Spreads
- Measurable unit (pip/point)
- Correlation between pairs
- MT4
- Tradingview
- Types of charts
- Tools
- Brokers
- Who moves the market?
- Equity/Balance/Margins
- Lot size
- Time frames
âž–2. Market Phases / Identifying trends
- Uptrend
- Downtrend
- Sideways / Consolidation market
- accumulation phase
- distribution phase
- Continuation
âž–3. Market Structure
- Market structure phases
- Higher Highs / Higher Lows
- Lower Highs / Lower Lows
- Key levels / How to find recognize
- Structure support / resist zones
- Market Rules
âž–4. Patterns / How to trade them
- Why are specific patterns used?
- Types of patterns
- Inverted H&S / H&S - right way of executing
- Double Top / Bottom - right way of executing
- Flag Pattern - right way of executing
âž–5. Candlestick patterns
- Bullish patterns
- Bearish patterns
- Rejection
- Momentum shift
âž–6. Channels
- Parallel channels
- Ordinary channels
- Support / Resist lines
- Bounces
- Breakouts / Retests
- Continuation structure within the channel
- Never rely on lines
âž–7. Trade ex*****on
- MT4 (settings)
- Short / Long position
- Swing trades
- Day trades
- Scalp trades
- Position trades / Investing
- Closing trades in proper way
- Types of ex*****on / How to use them properly
âž–8. Trade Management - Proper way of managing a trade
- Trailing Stop Loss technique
- Breakeven technique
âž–9. Numbers game / R:R
- It's all about numbers
- The importance of the Risk / Reward ratio
- Profits / Losses
- Monthly gain / loss %
- Probabilities
âž–10. Risk Management
- Why it's important?
- Proper risk in % (no pips)
- Setting lot size
- Consequences
âž–11. Entries / Exits
- Places to look for
- Confirmations
- Take Profit
- Stop Loss
âž–12. Understanding the market behavior
- How the market moves
- Momentum
âž–13. Breakout / Retest
- Right techniques to recognize
- Combining the chart p
