what type of trader am i

7/21/2019 What Type of Trader Am I

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Why am I trading?

I made a promise to myself that I am going to be the best whoever did it.

I have recognized that that trading is one of the most challenging and rewarding professions on

earth and I welcome the challenge, and through; continuous education, consistency &

persistence, a specific trading plan, proper mindset and the right tools. I will overcome thechallenges and succeed and prosper in the financial arena. This will allow me to govern my own

path and destiny without having to rely on anyone else for my well-being.

Never. hy not! I don"t ever give up

#$ N$T %'N# TI(' $N TITT') *N# +*'$$ 'T

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Trading )outine.

)ead the file trading plan and rela3.

4isten to ray lewis and elon mus5.



What type of trader am I?

• I am a intermediate trader that holds trades for a few days to a few wee5s.

How am I going to trade?

6. #aily

• Identify momentum or a change in momentum that may lead to a trend continuation.

• Identify ma7or support and resistance zones

8. 9 1our

• Identify the trend.

• Identify more major support and resistance zones

:. 6 hour

• /sing the )si identify your trades when the )%I is overbought or oversold to enter a

trade.

Types of trade Setups

Trading

0et out out the ne3t level of support and resistance. If there is a home run target then move

price to brea5even and protect your *IT*4.

Trendline +support



0et out out the ne3t level of support and resistance. If there is a home run target then move

price to brea5even and protect your *IT*4.



1ead and shoulders

Right shoulder.



Macd Diergence Head and shoulders !ottom.

%(* touch a 5ey support and resistance level.



"i# conergence



"alse #rea$%"alling of the roof.

!ull #attle #ear reersal



&!'(SD "I&(R) TR*D) ,-

&!'(SD TR*D) ,-



/ to / type trades

0artley attern

• Needs to have a to * leg and then retrace to the <.=6> and then another retracement

on the to leg and then move past the point to form a gartley.• 'nter at the low.

• (ove stops to brea5even at when target 6 is hit the at the <.:>8.

In a trending mar5et go for the ma7or resistance.In a counter trend e3it at the <.=6>.)ight down your plan and stay calm.

ypher atern.

• Needs to have a to * leg and then retrace between the <.:>8 and<.=6> and move past

the to a leg and stop at either the 6.8? and 6.969. Then its need to retrace to at least

the <.?>8 of the big swing.• 'nter at the low.

• (ove stops to brea5even at when target 6 is hit the at the <.:>8.

In a trending mar5et go for the ma7or resistance.In a counter trend e3it at the <.=6>.)ight down your plan and stay calm.

*#



• (ar5et needs to ma5e a retracement at least <.:>8 and e3tend passed the 6,8?

e3tension for *# pattern to be considered. Ta5e profit at the <.:>8 or ta5e profit the

<.=6> and move stop to brea5even after it touch the <.:>8.

at attern• (ar5et ma5es retraces to the <.:>8 and then another at least another <.:>8 retracement

before a bat pattern is considered. Ta5e profit at the <.:>8 or at the <.=6> and movestop to brea5 even.

utterfly

• (ar5et retraces to the <.?>= and then retraces to atleast <.:>8 moves to the the 6.=6>

e3tension.'nter at the support or resistance level and then ta5e profit at the <.:>8 or the

<.=6>.

Fibs

Fibs convergence, extension, sma, trendline, pivots, support

becomes resistance.

what type of trader am i

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