Hello dear traders, it is Petko Aleksandrov from EA Forex Academy, today is the 9 of October 2017, 1
Monday. 2
And our Take Profit was hit early in the morning, actually it was by the opening of the market. 3
So, what happened? 4
We had the price of 4200, I will just quickly place the lines exactly where we were entering and where 5
was our Take Profit, so it was 4200. It is our entry right after 6
this aggressive counter trend line was broken. 7
And actually here I have fixed this aggressive counter trend line because before it was from this top over here. Anyway, it is 8
pretty much the same thing. 9
But make sure to always do it precisely. 10
So, we are looking at the highest bar and recent top. And then what we had is the Take Profit of 11
4410. 12
So, let me put it again 13
exactly 4410. OK? 14
And what happened actually on Friday? The price as you can see went so close but it didn't hit the Take Profit and 15
then it went lower. 16
And actually this morning the Bitcoin 17
jumped higher to 4578. 18
And basically, this was the gap. If you go to M1 you will see that is the gap. but some of the brokers 19
just displayed as a bar that was open here and close here. 20
And normally it's not just a gap. 21
And my Take Profit was executed. 22
And here is the swap. 23
Here is why I put these 10 extra dollars, guys, because if my Take Profit was hit on Friday I would be paying 24
much less swap. The trade was executed this morning 25
with the opening of the market. 26
You can see that I have paid $5.90 for the swap. So, totally I have $204.10, 27
so this is my total profit. 28
And as a time you can see it was 22:01 at Sunday evening, so you can consider that it's Sunday 29
night or I consider it as Monday morning, because 30
I don't wait at Sunday night to see what will happen on the market and that is the beauty of this system, 31
guys, because I don't stay in front of the computer to tremble, to see what will happen with my trade. 32
I'm not thinking here OK, OK I will close my trade now because it's so close, 33
I don't want to lose my profit because I really cannot go on a loss with the formula that I have shown 34
you. 35
I'm putting my Take Profit and placing my sell stop below and everything is alright. 36
I am following strictly the system and if the price goes against me I will be out on 0 or small 37
profit. 38
And as I have told you most of the time you will hit your Take Profit straight away. 39
Of course, it's your choice what you will do. If you want to leave it because you can see what happened 40
today - the price reached nearly 4870. 41
But at the end of the day this is my system. 42
I follow it strictly. 43
I'm very happy to have $200 on Monday morning. 44
And this is a great way that you can start your day. 45
And basically, I am pretty happy with this profit. And the other thing important here, guys, is that this important 46
level that we said at 4465, let me put it very quickly 47
4465, 48
and since this is a resistance line, I will place it with the red color. 49
So, this important level that we said, it's right over here you can see by using this counter trend line 50
I'm actually locking my trade below this important level. Because I don't want to take the risk to go 51
through such an important level. 52
And in this case here you can see obviously that the price went above it. 53
But at this current moment here we don't know that. 54
So, by using this counter trend line the aggressive counter trend line that I'm having, I'm entering at 55
a cheaper price and then I am out before reaching to the resistance line. 56
And if I was using this regional counter trend line coming here obviously I will be somewhere in right 57
here. 58
And actually you can see that if I was in here at nearly 4390, 70 pips 59
lower I would be or probably I would be into my middle zone to the bottom and here I would have hit the 60
sell stop and then here I would have hit my third trade and I will be out with the break even. 61
I'm not really sure to said that depends 62
If I have entered earlier at 63
4385 64
if you are very strict with the counter trend line. And if you're going with 85 you will see that 65
with 66
70 pips lower would be 15. 67
So, it's right exactly at $70. 68
I'm not really sure to say, I cannot say it depends very much on the spread and the current situation. 69
Probably, you would have entered into the short trade with 1.4 and then you should have placed your buy 70
stop on the long side. 71
And then you would be again on 0 or with small profit. So, no worries about it. 72
But you will not have the $200 profit and one more that's the amazing thing of using these aggressive 73
counter trend lines, this is how I call them. And actually, by this time where you would have entered into the short 74
as well and a long again 75
I'm just Taking my Profit instead of entering as I have explained. 76
So, let me just remove this important level. And right now, what I will do? 77
I will wait for my next counter trend line to come up and I will be on the market again. 78
Thank you, guys, for watching. 79
If you have any questions for the system, for the formula, for the tools we're using don't hesitate to 80
ask me on the dashboard. And just take your time practice it, go first with smaller lots. 81
Make sure you understand the formula, write it down on white piece of paper. 82
It was pleasure for me recording those videos and I wish you safe trading, guys. 83
Cheers, bye.