PROACTRADERS School

• Trends can only be found in the 240m charts• Between the 240ma and the 60 ma there is the desert• We look to trend away from the desert not countertrend in to the desert• The trend in the 240chart count • Use the channel to find at least 3 higher or lower points and then the heart line of

the channel must prove itself with the candlesticks sitting on it.• 45o degrees is a good trend, if it is greater it will come down and vice versa.• Sometimes we do not use the top or bottom of a reversal because of the steepness,

they may have adjusted the trend a little further away. Important that the heart line will prove itself in a 45o degree.

• Channel will have to be attached in a support and a resistance.• HARMONY: Exists when we have multiple timeframes telling us the same

expression.• We only trade in wide open spaces. • Even if we have momentum to the downside and harmony to the downside, or vice

versa, WE ONLY TRADE WITH THE TREND.

• T3 The T3 is some kind of a MA wich has a tendency to keep the market

on it. If it can not hold the market there is probably a reversal. (Best in 60m chart)

If we get a break on the T3 we should close positions or move SL.

• BOLLINGER BANDS (15m Chart). The BB are only found in the 6Aces charts wich are used for trend reversals. To trade the reversal we need harmony (alliance of charts in 6Aces). The 240chart is

not so important. We need a red or green candle in the 60m chart and the hmi (upper chart the 2 lines

must be the same color with the candle. And we want the 3m, 7m, and 30m (PATO’s) in alliance.

We usually can expect 25-30 pips average, because it is countertrend and there are not enough traders to back it up.

1. BB have to be expending and the candles piercing the upper BB.

2. We wait for a candle to open and close inside.

3. We wait the red or green arrow to show up. The candle does not have to be the same color as the arrow.

4. When I get my painted candle to the direction I want my next candle is my entry with my SL above the highest candle of the start of reversal. Usually about 20 pips.

• PSR’s

• Uptrends affect future uptrends and downtrends affect future downtrends• 1. Previous support on uptrend becomes future resistance on uptrend• 2. Previous resistance on downtrend becomes future support on downtrend.

• They become future targets of TP.• Every SUPPORT OR RESISTANCE creates a decision• It can respect them or blast through them.• The trend determines the higher probability.• In a downtrend a resistance must create a lower low after it, and in an

uptrend a support must create a higher high after it.• When a support or resistance are being taken out even if we retrace past

them again they do not count any more. The target is the next S. OR R.• VERY IMPORTANT. If we see a big candle to one direction, it will almost

certainly come back at least half way so that the brokers can get reed of the trades they have gotten into. After that we can resume that the trend will continue.

• Trading the Wide open Spaces• What we got to know every day

If there is divergenceIt does not mean we goAgainst the trend.

Once a SR is taken out It is no longer a target

The next SR becomes our Target.

Fibonacci• We draw the fibs from the swing high or low to the next swing low or high.

• We then can se the retracement and the extension.

• The 50 number in Fibonacci is not a fib number, but because the market tends to retrace there they added it.

• We always want a retracement behind us, because if it is not behind, it is in front of us.

• fib number: 0,382 – 0,500 – 0,618 – 0,786 - -0,270 - -0,618 - -1,270./

• We can not use the MACD on the RF (ROYAL FLUSCH) because then it will show us the 360 MACD.• We always use thesame “building”.

• If we are below the zero line we use the down candles and if we are up the zero line we use the upper candles(histograms) of the MACD.• If we see that we hit an HIS target or any other significant target and we

get a MACD divergence, it is time to tighten the SL’s and start checking for reversals. • When we are using the fibs for entering in a retracement we would like to

see the MACD still confirming the trend because if we have divergence we should be looking for another trade. (60m Chart 6Aces)

How it comes everything togheter

1. We go to the daily chart and draw the top and bottom and a simple trendline.

2. Don’t forget the great candles that have to square up, because the market makers have open positions there and must unload them.