Benny Intraday Intro Part2
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- Words: 955
- Pages: 10
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
Get a winning edge with charts Without any knowledge, a trader does not understand the mechanics of trading, therefore possesses the highest risk
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Can you drink the water in the glass without understanding the content of the water?
Indicator 1: Eyes – water clarity
Indicator 2: Nose - Smell
Indicator 3: Fingers – texture
Indicator 4: Chemical – Chemical contents
The more you understand, the less risk you will have
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
1
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Understanding Charts In this trading plan, we are going to use Candlestick method to understand price actions Candlesticks Formation High
High
Close
Open
Open
Close
Low
Low
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN What do you understand about this candlestick formation?
Price is uncertain
Price is supported from going lower
Price is being resisted from going higher
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
2
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Can you identify which Candlestick shows price being supported?
1
2
3
4 Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities 1. Support is better when price is low (or near support levels from the past price action)
1
2
3
4 Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
3
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities 2. Support is better if with good volume (volume above average)
3
2
4
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
+7 points RM350 per contract Net RM 300 per contract
1255
1248
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
4
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities Further Considerations: 3. Length of the Candlesticks shadows - the longer the better 4. Candlestick Body Black or White – White better for support 5. % Volume above average – The higher the better 6. Volume and Price pattern – V shaped price and volume pattern 7. Time pattern occur – Not to close to closing time
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
5
4/16/2008
POWER OF INTRADAY TRADING
100 pips in 1.5 hrs
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A COMPUTER AND A CHARTING SOFTWARE
One time fee of RM2,000 Internet access of RM 80/mth
Monthly Fee of RM 200 to 300 per month, Free if trade online through OTC brokers
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
6
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – TRADING CAPITAL
Trading Capital RM5,000 to RM 20,000
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – DISCIPLINE AND A POSITIVE MIND
PREPARE PSYCHOLOGICALLY A Positive Mind and Discipline
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
7
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – DISCIPLINE AND A POSITIVE MIND
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING YOUR PATH TO ACHIEVING YOUR GOALS Can you achieve your goals with RM10,000 capital with a 10% per month profit objective. Compounded on a 6 months basis Start – RM10,000 First 6 months – RM 16,000 1 Year - RM 25,600 1 .5 Years – RM 40,960 2 Years – RM 65,536 2.5 Years – RM 104,536 3 Years – RM 167,254 3.5 Years – RM 267,604 4 Years – RM 428,164 4.5 Years – RM 685,060 5 Years – RM 1,096,096 5.5 Years – RM 1.75m 6 Years – RM 2.9m 6.5 Years - RM 4.64m 7 Years – RM 7.5m
SET A REALISTIC GOAL!
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
8
4/16/2008
POWER OF INTRADAY TRADING YOUR FIRST STEP – ACQUIRING KNOWLEDGE Key to enter and exit trades within a day workshop 19 and 20 April 2008 9.00am to 5.00 pm JW Marriott Hotel
What you will Learn in this workshop; 1. Defining your objectives and goals 2. Macro Analysis of Charts – Support and Resistance; the backbone of identifying good buy and sell price even before the market opens. 3. Understanding the derivatives markets – You need to know which market is suitable for you. 4. Trading Strategies/plan: Five Trading Strategies that does not need youEducation to monitor the market all the time. Copyright © 2008 by NextVIEW Investor (www.thenextview.com)
POWER OF INTRADAY TRADING YOUR FIRST STEP – ACQUIRING KNOWLEDGE Key to enter and exit trades within a day workshop 19 and 20 April 2008 9.00am 5.00will pmLearn JW Marriott Whattoyou in thisHotel workshop;
4. Trading Strategies/plan: - Price – Volume Pattern Strategy - Pivot Point System Strategy - Gap Strategy - Double re-penetration Strategy - Inward Bar Strategy 5. Money Management - Accumulated Net Profit Pyramid Technique 6. Principles of Trading - Advise from trading experts about trading to prepare you to trade successfully Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
9
4/16/2008
POWER OF INTRADAY TRADING
MAKE YOUR FIRST STEP NOW! Attend this 2 days workshop that will change your financial destiny!
THANK YOU! [email protected] Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
10
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
Get a winning edge with charts Without any knowledge, a trader does not understand the mechanics of trading, therefore possesses the highest risk
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Can you drink the water in the glass without understanding the content of the water?
Indicator 1: Eyes – water clarity
Indicator 2: Nose - Smell
Indicator 3: Fingers – texture
Indicator 4: Chemical – Chemical contents
The more you understand, the less risk you will have
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
1
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Understanding Charts In this trading plan, we are going to use Candlestick method to understand price actions Candlesticks Formation High
High
Close
Open
Open
Close
Low
Low
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN What do you understand about this candlestick formation?
Price is uncertain
Price is supported from going lower
Price is being resisted from going higher
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
2
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN Can you identify which Candlestick shows price being supported?
1
2
3
4 Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities 1. Support is better when price is low (or near support levels from the past price action)
1
2
3
4 Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
3
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities 2. Support is better if with good volume (volume above average)
3
2
4
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
+7 points RM350 per contract Net RM 300 per contract
1255
1248
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
4
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN More indicators needed to identify opportunities Further Considerations: 3. Length of the Candlesticks shadows - the longer the better 4. Candlestick Body Black or White – White better for support 5. % Volume above average – The higher the better 6. Volume and Price pattern – V shaped price and volume pattern 7. Time pattern occur – Not to close to closing time
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A TRADING PLAN
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
5
4/16/2008
POWER OF INTRADAY TRADING
100 pips in 1.5 hrs
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – A COMPUTER AND A CHARTING SOFTWARE
One time fee of RM2,000 Internet access of RM 80/mth
Monthly Fee of RM 200 to 300 per month, Free if trade online through OTC brokers
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
6
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – TRADING CAPITAL
Trading Capital RM5,000 to RM 20,000
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING WHAT YOU NEED – DISCIPLINE AND A POSITIVE MIND
PREPARE PSYCHOLOGICALLY A Positive Mind and Discipline
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
7
4/16/2008
POWER OF INTRADAY TRADING WHAT YOU NEED – DISCIPLINE AND A POSITIVE MIND
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
POWER OF INTRADAY TRADING YOUR PATH TO ACHIEVING YOUR GOALS Can you achieve your goals with RM10,000 capital with a 10% per month profit objective. Compounded on a 6 months basis Start – RM10,000 First 6 months – RM 16,000 1 Year - RM 25,600 1 .5 Years – RM 40,960 2 Years – RM 65,536 2.5 Years – RM 104,536 3 Years – RM 167,254 3.5 Years – RM 267,604 4 Years – RM 428,164 4.5 Years – RM 685,060 5 Years – RM 1,096,096 5.5 Years – RM 1.75m 6 Years – RM 2.9m 6.5 Years - RM 4.64m 7 Years – RM 7.5m
SET A REALISTIC GOAL!
Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
8
4/16/2008
POWER OF INTRADAY TRADING YOUR FIRST STEP – ACQUIRING KNOWLEDGE Key to enter and exit trades within a day workshop 19 and 20 April 2008 9.00am to 5.00 pm JW Marriott Hotel
What you will Learn in this workshop; 1. Defining your objectives and goals 2. Macro Analysis of Charts – Support and Resistance; the backbone of identifying good buy and sell price even before the market opens. 3. Understanding the derivatives markets – You need to know which market is suitable for you. 4. Trading Strategies/plan: Five Trading Strategies that does not need youEducation to monitor the market all the time. Copyright © 2008 by NextVIEW Investor (www.thenextview.com)
POWER OF INTRADAY TRADING YOUR FIRST STEP – ACQUIRING KNOWLEDGE Key to enter and exit trades within a day workshop 19 and 20 April 2008 9.00am 5.00will pmLearn JW Marriott Whattoyou in thisHotel workshop;
4. Trading Strategies/plan: - Price – Volume Pattern Strategy - Pivot Point System Strategy - Gap Strategy - Double re-penetration Strategy - Inward Bar Strategy 5. Money Management - Accumulated Net Profit Pyramid Technique 6. Principles of Trading - Advise from trading experts about trading to prepare you to trade successfully Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
9
4/16/2008
POWER OF INTRADAY TRADING
MAKE YOUR FIRST STEP NOW! Attend this 2 days workshop that will change your financial destiny!
THANK YOU! [email protected] Copyright © 2008 by NextVIEW Investor Education (www.thenextview.com)
10
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