FXDragons Guidebook v1

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Together Towards Your Financial Goal Presented By : Esther- Choo Heng “Introducing The FXDragons Trading Strategy”

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>> Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. >> Past performance is not indicative of future results, which can vary due to market volatility. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. >> Any opinions, news, research, analysis, prices or other information contained in this message, on the FXDragons.asia ( ForexDragons.asia ) website or linked to from the FXDragons ( ForexDragons.asia ) website are provided as general market commentary and do not constitute investment advice. >> FXDragons.asia ( ForexDragons.asia ) does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information, trade calls or charting software that is provided by FXDragons.asia ( ForexDragons.asia ) DISCLAIMER

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Disclaimer Contents Introduction Part 1 : - Details of what each FXDragons indicator means and how they all combine together to give you the winning edge for your entry and exits. What chart patterns to look for trading ideas Part 2 : FXDragons Strategy Explained

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Disclaimer You should have the following downloaded on your pc or laptop: For NT7 users Ninja Trader charting software Open a live account with our preferred broker FXDragons Template and Zip file License Key and Machine ID For MT4 User Open a Live Account with our preferred broker 2) FXDragons Template, zip file 3) License key

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>> What Is The FXDragons Methodology? It is predominantly an Intraday system where one can do Scalping or Counter Trend for an average of 20-50 pips daily. >> You can also use FXDragons to identify medium and longer term trades. >> “The Wave Of The FXDragons ” complimenting other indicators will show you how to be more aggressive in your stop and profit targets. A bit about FX Dragons :

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FXDragons is mainly for 2 groups of people: Those who have never traded and wish to start on the right footing Those who have already experimented with trading with less than satisfactory results. For your info: You don’t have to be a genius to trade forex You don’t have to be a programmer to trade forex It’s the best business in the world Low start up Work from home or anywhere in the world with a internet connection No inventory, no employees, no boss Possibility to have a passive income How Can FXDragons Help You? Consider FXDragons as your Money Map with all the built-in structures that allow you to visually make your trading decisions intuitively as though you’re driving.

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Disclaimer Part 1 >> The Custom Indicators Explained

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Disclaimer FXDragons Components Small Green & Red Dragons Big Green & Red Dragons FXD_PowerLights FXD_Trend Filter FXD_Containment Bands FXD_Session Zones FXD_Magnet Lines FXD_Daily Pivots FXD_TimeLine FXD_CurrentOpenHiLo FXD_Previous Day HiLo

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- Bullish Uptrend (Small green dragon above the big green dragon) Small Green Dragon Big Green Dragon Small and Big Green Dragon

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Small and Big Red Dragon Big Red Dragon Small Red Dragon - Bearish Downtrend (Small red dragon below big red dragon)

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Example – Double Dragon on a 240 min chart

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Disclaimer FXD_PowerLights And FXD_TrendFilter FXD_Trendfilter > Green = Bullish , Red = Bearish, Yellow = Neutral (signify a possible trend change) FXD_PowerLights are: >> Bullish when above the zeroline > lighter green to darker green signifies a change in trend to the upside >> Bearish when below the zeroline > pink to red signifies a change in trend to the downside

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Disclaimer FXD_PowerLights Help you to see clearly divergence or convergence “M” formation/Double Top > Short “W” formation/Double bottom > Long Trend Reversal: In an uptrend, FXD_PowerLights is green until it starts to converge , turns light green > pink > eventually turning red In a downtrend, FXD_PowerLights is red until it starts to converge , turns pink > light green > eventually turning green Combine with the FXD_TrendFilter , you can make better trade decisions whether to go long or short or know whether a trend is coming to an end and reverse course.

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Disclaimer FXD_Containment Bands As with other volatility indicators, and especially channel indicators, the FXD_Containment Bands is use to identify the high and low of the day. When prices are contained within the FXD_Containment bands, a possible reversal might occur. It reacts immediately to changes in the highest high and lowest low. will move to the new high or low on the next bar or candlestick.

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Disclaimer FXD_Magnet Lines Red >> Overbought ( OB1 , OB2 , OB3 ) Green >> Oversold ( OS1,OS2 , OS3 )

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Disclaimer FXD_Session Zones

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Disclaimer FXD_Daily Pivots And Current Open/Hi/Low >> Resistance and Support Levels with labels >> Current Day Open/Hi/Low with labels Why are they important ? Price tends to test and retest these levels so with a visual representation, you can better time your entry and exit. CDH > Current Day High CDL > Current Day Low R1,R2,R3 > Resistance S1,S2 , S3 > Support PDH >Previous Day High PDL >Previous Day Low PDC > Previous Day Close CDO > Current Day Open CP > Central Pivot PP > Pivot Point MP > Main Pivot OB1,OB2 , OB3 > Overbought Zones OS1,OS2,OS3 > Oversold Zones

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Disclaimer FXD_Template (Putting it All Together)

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Example of a Trade Set Up

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Disclaimer Part 2 >> FXDragons Trading Strategy Explained

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6 Steps FXDragons Trading Strategy

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Disclaimer Step 1 – Determine The Direction Of The Trend Top /Down Analysis Macro View >> Daily , 4h , 1h Micro View >> 15m , 5m , 2 min (for price action) Step 2 - Look For Trade Set-Up >> Establish the HOD (high of day) or LOD (low of day) >> Is price at Support/Resistance/Magnet Lines? >> Behaviour of Small Red/Green Dragon >> Behaviour of Big Red/Green Dragon >> “M” Double top or “W” Double bottom formation >> Stop hunt > a few fast big green or red candles to cause fear and panic, induce you to go one way , then trend reverses to stop you out. >> When that happens, wait for the 2 nd leg up or down. your entry is the change in color of the FXDragons

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Disclaimer Example of a 2 Min Trade Set Up (Scalping) Down Trend >> Look out for “M” or Double Top Formation >> Small Red Dragon ( SRD ) must cross Big Green Dragon ( BGD ). An arrow (red) for short and (green) for long will show up once the small dragon crosses the big dragon >> And continuation of the downtrend is when the Big Red Dragon shows up and the Small Red Dragon is below the Big Red >> A scalp for 8-15 pips can turn to a run of 20-40 pips if the SRD remain red at 45 Degree and is parallel to the BRD >> The trend is over when it starts to merge and turn to green. >> You should exit all your short trades and prepare to reverse direction when SRD goes sideways and into the belly of the BRD >> Once the green arrow show up that the SGD has crossed the BRD , then you go long.

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Disclaimer Example of a 2 Min Trade Set Up (Scalping) Up Trend >> Look out for “W” or Double Bottom Formation >> Small Green Dragon ( SGD ) must cross Big Red Dragon ( BRD ). An arrow (red) for short and (green) for long will show up once the small dragon crosses the big dragon >> And continuation of the up trend is when the Big Green Dragon shows up and the Small Green Dragon is above the Big Green. >> A scalp for 8-15 pips can turn to a run of 20-40 pips if the SGD remain green at 45 Degree and is parallel to the BGD >> The trend is over when SGD starts to merge and turn to red. >> You should exit all your short trades and prepare to reverse direction when SGD goes sideways and into the belly of the BGD >> Once the red arrow show up that the SRD has crossed the BGD , then you go short.

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Disclaimer Chart Pattern (2 min Scalping)

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Disclaimer Step-3 Select Strategy FXDragons is predominantly an intraday system. You can do >> Scalping 8- 15pips , >> Countertrend 20- 30pips >> Swing Trade for a run of 50- 100pips . Step 4 – Place Your Trade Scalping > Use the 2min chart to time your entry Countertrend > Use the 15min , 30 min chart. Swing Trade > Use the 4h , 1h chart.

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Disclaimer Chart Pattern 5min

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Disclaimer Chart Pattern 15 min

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Disclaimer Chart Pattern 60 min

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Disclaimer Chart Pattern 240 min

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Disclaimer 2 min Scalp Long Trade Set Up

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Disclaimer 2 min Scalp Short Trade Set Up

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Disclaimer 5 min Mid Scalp Long Trade Set Up

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Disclaimer 5 min Mid Scalp Short Trade Set Up

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Disclaimer 15 min Short Trade Set Up (Counter-Trend)

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Disclaimer 15 min Long EurJpy Trade Set Up (Counter Trend)

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Step 5 - Determine Exit Points Daily Pivots (Support and Resistance) FXD_Magnet Lines (Overbought/Oversold Zones) FXD_Containment Bands Small Dragons going sideways merging and turning color, going into the belly of the Big Dragon.

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Step 6 – Monitor And Adjust (if needed) Be prepared for any eventualities Always have your stop loss in place (subjective to the time frames you use. Smaller stop loss for scalp, bigger stop loss for swing trades) Stay on the sidelines if major news are coming out. Wait till the dust has settled before opening a position. Better be safe than sorry.