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Changes for page Forex

Last modified by Drunk Monkey on 2022-12-23 09:28
From version 6.2
edited by Drunk Monkey
on 2020-04-13 10:43
Change comment: There is no comment for this version
To version 14.1
edited by Drunk Monkey
on 2020-11-13 06:18
Change comment: There is no comment for this version

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1 -(% class="wikigeneratedid" %)
2 2  == Education ==
3 3  
4 4  === The Basics ===
5 5  
6 6  1. [[babypips.com>>https://www.babypips.com/]] [[School of Pipsology>>https://www.babypips.com/learn/forex]]
7 -\\Basic education explaining all the basics of Forex trading.  Start here.  Recommended to focus on lessons XXX
8 -
6 +\\Start here for the basic education explaining all the basics of Forex trading.  [[It's recommended to start with>>https://nononsenseforex.com/forex-q-and-a-podcast/best-place-to-learn-forex-trading-askvp-1/]] Learn Preschool, Kindergarten, Undergraduate to Senior.  The rest may not be necessary depending on your desired style of trading - Indicators, or Price Action?
9 9  1. [[nononsenseforex.com>>https://nononsenseforex.com/]] - provides an education on how to trade using
10 10  1*. proper money management
11 11  1*. trade psychology
12 12  1*. technical analysis
11 +1. the inner circle trader
13 13  
14 14  == Risk Management - Pip values and Lot Sizing ==
15 15  
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17 17  
18 18  == Reference Links ==
19 19  
20 -
21 21  * [[Google spreadsheet>>https://docs.google.com/spreadsheets/d/1m_xJOoNJLBYBzZ2h4IuTGRVBD-GD3BeTk5CQeKfQtkw/edit?usp=sharing]] for calculating lot size based on SL pips
22 22  \\One problem with many of the risk calculators is that it assumes you know want to know how many pips to set your on your trade.  However, if you're following signals, then the trader has already given you the SL and you want to want to work backwards to figure out what your lot sizes should be.
23 23  \\Copy this spreadsheet to your own google drive account and fill in the entries.  Do not use it for Oil or Gold as forex.com/canada uses different contract sizes
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47 47  
48 48  *
49 49  
50 -
48 +== Unclassified ==
49 +
50 +=== Abbreviations ===
51 +
52 +>Abbreviations you might find helpful 
53 +>##PDH  - Previous day high##
54 +>PDL  - Previous Day Low
55 +>PWH  - Previous Week High
56 +>PWL  - Previous Week Low
57 +>BMS  - Break in Market Structure 
58 +>SMS  - Shift in Market Structure 
59 +>RTO  - Return to Order Block/Origin
60 +>OB  - Order Block
61 +>OTE  - Optimum trade Entry
62 +>IPDA  - Interbank Price Delivery Algorithm 
63 +>FVG  - Fair Value Gap
64 +>SMT  - Smart Money Tool
65 +>LP  - Liquidity Pool
66 +>IOF  - Institutional Order Flow
67 +>BISI  - Buy Side Imbalance Sell side Inefficient
68 +>SIBI  - Sell Side Imbalance Buy Side Inefficient 
69 +>COT  - Commitment of Traders
70 +>AMD  - Accumulation,Manipulation & Distribution
71 +>SH  - stop hunt 
72 +>RTBr  - return to breaker block
73 +>RTBm  - return to mitigation block
74 +>BuIOF - bullish IOF
75 +>BeIOF - bearish IOF
76 +>IOF  - Institutional Order Flow
77 +>OBr.  - Breaker block
78 +>OBm.  - Mitigation block
79 +>LSwH  - last swing high 
80 +>LSwL  - last swing low
81 +
82 +=== fibb settings for OTE areas of interest ===
83 +
84 +FIBBS setting (mt4)
85 +
86 +>## Levels Description##
87 +> 0 First Profit - Scaling
88 +> 0.50 50% Equilibrium
89 +> 0.618 %$-62%
90 +> 0.705 %$-OTE
91 +> 0.79 %$-79%
92 +> 1 100.0
93 +>-0.62 Target 2
94 +>-0.27 Target 1
95 +>-1 Symmetrical Swing