THE KING JAMES STRATEGY

THE KING JAMES STRATEGY

-HOW TO BECOME A PROFITABLE FOREX TRADER-

By: Wallace James

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The Truth “Change your mind, change your money” - Coach Stormy Wellington. I pray the things that you learn from this Ebook will aid you in having financial freedom, time freedom, support your family and allow you to have a more abundant life. Now, “LET'S GET THIS MONEY!”. Acquiring wealth has traditionally been broken down into four categories which are stocks, real estate, business and commodities. In this Ebook I will address what is the foreign exchange market, how to open a trading account, forex indicators and The King James Strategy.

What is the Foreign Exchange Market?

The Foreign Exchange Market is the largest financial market in the world. It is also referred to as “Forex” which is a 6.3 trillion dollar industry that is open 24 hours a day, 5 days a week. The objective of a forex trader is simply to exchange one currency for another and profit from the difference, which is referred to as the exchange rate. Below are 3 examples to help increase your understanding.

Example 1 You have a red cup worth $5.

I have a green cup worth $10.

We exchange cups and you have made a $5 profit from the exchange.

Example 2 You have 5 US dollars.

You go to Canada and exchange your 5 US dollars into Canadian currency. While doing so, the US currency is more valuable than the Canadian currency, so for every US dollar you exchange it is equivalent to $2 in Canada. As a result, you get 10 Canadian dollars which has allowed you to have made a profit of 5 Canadian dollars.

Example 3 The US Dollar is valued at $1.00 which is equivalent to $1.38 in Canada. You exchange your US Dollar for a Canadian Dollar and you have made a profit of $0.38.

Got it? Perfect.

Hang in there, it gets better! The Foreign Exchange Market is known as an industry that allows you to multiply your money. Sounds good so far?! Forex trading has become so appealing because with internet access the exchange of

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currencies can be done almost anywhere in the world from a cell phone, laptop or computer allowing all participants the opportunity to profit. More importantly, forex trading is a recession proof skill, so upon mastering the strategy shown within this Ebook you can feel confident knowing that you are now in control of your financial future. Now, let's get you started!

In order to get the most out of your forex trading experience it is vital that you learn the rules of the game! You would not be very good at basketball if you traveled on every possession. Also you would not be very good at football if you jumped offsides every down. Thus, here are two of the most helpful resources to gain an understanding of the rules of forex trading. Simply download the Forex Hero App also referred to as Forex Trading School & Game - Apps on Google Play and read THE CANDLESTICK TRADING BIBLE(1).pdf | DocDroid. After reading the items above you will now become more knowledgeable to effectively apply the steps below.

Learning Curve “Just show me how to become a multi-millionaire already”. “ I get it”, but you must learn how to enter and exit a trade. As well as, how to cut your losses and money management before getting the mansion, Ferrari and butler. Losing a trade is inevitable, however with proper preparation you can control risk and maximize profits. Thus, I will explain ways to minimize losing money while gaining an understanding.

The goal is to start with a small amount of money, improve your skill level and allow your trading account to grow. Now regardless of a trader's skill level, all trades placed begin with a negative balance which is known as drawdown. “An extremely important cause of trades going into heavy drawdown immediately after being placed is due to entering at the wrong time” - Swaggy C. To that point, here are 13 more reasons beginner traders lose money from their trading accounts.

1. No Stop loss 2. Overleveraging Account 3. Greed 4. No Daily Profit Goal 5. No Strategy 6. Wrong Lot Size 7. Not Marking Up Their Chart 8. Not Taking Any Profit

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9. Did Not Have 3 Confirmations 10. Distracted (at work, too sleepy, family and errands etc.)

11. Trading against the trend 12. Impatience (closing a trade prematurely) 13. Trading device not fully powered (Phone, laptop, computer or tablet powers off unexpectedly) Open a Demo Account

“Execute what you practiced” - Kobe Bryant. Thankfully, to help improve your forex trading skill level and shorten the learning curve, a demo account also known as a practice account is a great learning tool. A demo account is identical to a real account, but you do not trade with any real money. In fact, the demo account comes preloaded with a risk-free $100,000.

In turn, this will give you the time needed to build confidence and make any needed adjustments to improve your trading plan. Typically, 3-4 months is the ideal amount of time to practice before transitioning into a real account. However, no matter where you are in your trading process, practice The King James Strategy in your demo account for at least 30 days before using real money. With time, you will be able to successfully transition into opening a live trading account. Having said that, to open a demo account from your laptop or computer visit https://metatrader4.com. Select MT4 and then select “Download for free”.

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Afterwards, a demo account will be downloaded onto a laptop or computer. For additional assistance visit (6) How do I setup MT4? (Forex) - YouTube.

Open a Live Trading Account

Before opening a live trading account you must choose a forex broker.

Forex brokers require all traders to create an account to begin their trading process. Just as a bank holds your money for you to buy things, a forex broker is an entity that allows you to deposit money to fund your trading account. Now, some forex brokers offer more currency pairs than others. Even so, below are three common forex trading platforms with an example of the steps needed to successfully create a trading account.

Simply choose one of the three forex broker websites. ● Hugosway.com ● LQDFX.com ● Hankotrade.com LQDFX STEPS ● Select (Individual) ● Enter Personal Information (Name, DOB etc.) ● Financial Information (Networth & Total Income)) ● Employment Information (Employed or Self) 5

● ● ● ● ● ●

Trading Experience (0 or more) Choose Currency Type (USD) Choose Trading Platform (MT4) Account Type (ECN) Check (I declare that I am over 18 (eighteen) years old to open this account) Complete

1. Log into your LQDFX Client Portal 2. Upload your documents 3. Fund your account 4. Start to trade!

Upon being approved, an internal transfer will be necessary. An internal transfer consists of transferring money from your trading account wallet to a live account. As soon as this is complete, you will be able to view the updated balance on your laptop, phone or computer. This step is mandatory for all traders.

To ensure these steps are followed properly, forex brokers provide a Live Chat for questions and concerns.

Account Size For the best results, be sure to fund your live trading account with $100-$300. Forex trading is about longevity. In order to have longevity in trading you must give your trades time to develop and protect your money. This is referred to as risk management which consists of knowing the correct lot size and risk for your trading account. Below is a formula of how to determine a lot size and trading account balance (See Figure 4). On top of that, visit PIP Calculator | FXTM (forextime.com) for additional assistance.

Figure 4

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★ Formula Lot size x Pips Gained = Profit Lot size x Stop Loss Pips= Total Loss Amount "Compound interest will make you wealthy, the key is to start. Those who understand this, earn it! Those that don't, pay it" - Albert Einstein. When placing a trade you can use a standard, mini, micro or nano lot size. Based on the image above, a standard lot size of 0.1 is equivalent to $1 or 1 pip. By using a 0.1 lot size and gaining 100 pips you profit $100. Contrarily, a stop loss is a voluntary calculated risk set on a trade to help control the amount of money at risk. The point in percentage also known as a pip is a measure of movement in the exchange rate between two currencies. Just as you measure your height in inches and your weight in pounds, in forex risk and profit are measured by pips.

That being so, Figure 5 below displays a profit-making gameplan which consists of securing only 20 pips per trade to compound a trading account.

Figure 5

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It is of crucial importance to know your initial investment and what date you expect to reach a specific account balance. As a solution, traders can visit compoundaily.org which provides access to a compound interest calculator. A compound interest calculator offers a fun and easy way to calculate the growth of 8

your money over time without any tedious busy work. Most people enjoy watching live scenarios where their money can increase and a compound interest calculator is the perfect tool to complete the task.

Types of Forex Traders By funding your trading account you are moments away from placing your first trade, but before doing so let's determine your trading style. There are 4 types of forex traders. A day trader is an individual who enters a trade and does not hold the position overnight. A scalper looks to make a lot of money with small moves. Scalpers usually will enter a trade for 5-15 minutes before exiting. Swing traders hold trades for several days and even weeks. Lastly, position traders will place a trade and hold it for months or even a year.

Trading Session Figure 6

Figure 7

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Figure 6, which is above displays 4 trading sessions using military time.

Figure 7, displays military time which is a way to tell time using 24 hours. The day starts at 0 hours and ends at 2400 hours. This displays the time period in which the most buying and selling occurs within the forex market. During this time the forex market will only move 3 ways; UP, Down and Sideways.

Moreover, Figure 8 below shows a list of currency pairs along with the preferred trading session. Choosing a trading session and only trading forex pairs in it’s group is referred to as time confluence. This simply means the forex pair and trading session align with each other. Therefore, forex traders are more likely to capture the move of the day.

Figure 8

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Trading 2-3 currency pairs consistently allows forex traders to notice characteristics such as how quick or sluggish each pair moves. By trading gold (XAUUSD) one will notice that it is volatile. By trading AUDUSD one will notice that it moves much slower than gold. However, by trading cryptocurrency pairs, one would recognize the market hours differ from forex currency pairs.

Trading Cryptocurrency Pairs Cryptocurrency pairs move like gold, but require a different plan of action.

Unlike forex pairs, cryptocurrency pairs like Ethereum (ETHUSD) and Bitcoin (BTCUSD) are available to trade 24 hours per day, 7 days a week. Currently, Bitcoin’s price history ranges from $0.05 to $68,990. Since Bitcoin and other cryptocurrency pairs' price are spread so widely, trading cryptocurrencies pairs can be very profitable. However, with a spread this wide comes an increase of directional changes. Cryptocurrency pairs move like a jump rope being swung wildly in one hand. The best thing to do is keep your distance. To help avoid a stop loss being reached, avoid stacking trades or adding multiple positions.

Instead, use a $1 lot size per $500 within a trading account. Allow patience and

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conservativeness to lead you to profitability. The goal is to win the game, not just be a player.

Trap Days "Wisdom helps you see danger when it is far away" - Proverbs 27:12 . The amount of money to be made from the forex market is limitless. Yet and still, Mondays and Fridays are not the best days to trade for forex traders. At the start of the week the forex market is chaotic due to major world events and tapers off during the week. Thus, Tuesday through Thursday are the best days to trade.

Fridays are not the best day of the week to trade because the forex market closes at 5pm and sometimes sooner during national holidays. Banks and other large corporations have major influence to move the forex market. Unfortunately, since most banks close on Fridays this causes currency pairs to move slowly.

That means, if you open a trade on Friday and do not close it before 5pm, your trade will resume on Monday. Now, when the market resumes on Monday you may be in profit or in unbelievable drawdown. Just trust me on this! As a result, Mondays and Fridays are considered trap days for forex traders.

Support and Resistance Price moves between support and resistance. Support is a level in the forex market that has historically supported a price level. Resistance is a level that has historically rejected a price level. During this period, price bounces from support to resistance like a ball in the house. Since price moves in three directions the 3'R's aid traders in strategically entering the market.

The 3'Rs ● Rejection ● Retest ● Reaction As price reaches a key level, wait until it touches the key level again.

Following that, you can react by entering the trade. The market respects certain selling and buying zones. By looking left prior to the entry you will be able to see what occurred the last time the price was in that area. This is important to identify the previous high and low of the day. This can result in an aggressive entry point.

Candlestick Patterns There are certain things that offer a message without saying a word. Life gives several messages, but remains silent. Your body gives several messages,

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but remains silent. Similarly, candlestick patterns do the same. Candlestick patterns are color coded bars on a forex chart used to describe the price movements of a currency pair. Each candlestick is a representation of buying and selling taking place in the market. Candlesticks tell a story and as your knowledge increases your profitability should follow.

Top Five Profitable Candlestick Patterns The bearish engulfing candlestick pattern is a warning signal that the market will strongly reverse from trending upward to downward. This pattern consists of 2 candles. The first candle will be a green bullish candle and the second candle will be a strong red bearish candle covering the previous one. This often occurs at the end of an uptrend.

Bearish Engulfing Candlestick Pattern

A bullish engulfing candlestick pattern is a warning signal that the market will strongly reverse from trending downward to upward. This pattern consists of 2 candles. The first one is a red bearish candle. The second one is a strong green bullish candle that covers the previous candle. The bullish engulfing pattern occurs at the end of a downtrend.

Bullish Engulfing Candlestick Pattern

A doji signifies equality or indecision in the market. It can appear as one of the three options below. A doji may occur at the bottom or top of a trend. A doji is considered as a sign of a possible reversal in price. Yet, the doji can be viewed as a continuation pattern as well.

Doji Candlestick Pattern 13

A morning star pattern is a bullish trend reversal pattern. It is a three-stick pattern. The first candle is a red bearish candle. The second candle may be any color, but it should be a doji. The third candle is a green bullish candle.

Morning Star Pattern

An evening star pattern is a bearish trend reversal pattern. It is a threestick pattern. The first candle is a tall green bullish candle. The second candle is a doji, but can be any color. The third candle will be a red bearish candle that will move past the green bullish candlestick.

Evening Star Pattern

Figure 9

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M & W Chart Pattern

“If you're not willing to learn no one can help you, but if you're determined to learn no one can stop you”- Zig Ziglar. To that point, Figure 9 above displays the Double Top and Double Bottom price pattern. The Double Top pattern makes the shape of an M. The Double Top is a negative indicator, which means once formed the price will begin to move downward. Contrarily, the W is a positive indicator which means once formed price will move upward. Always trade the second leg of the M during a downtrend. Additionally, trade the second leg of the W during an uptrend.

Chart Markup

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Figure 10

To prepare for the trading week, every Sunday evening traders need to go through their charts to markup key levels with a line graph to establish support and resistance levels as shown in Figure 10 above. The daily chart is a great starting point before moving to the H4 timeframe. By trading in the direction of the overall trend 50% of your trading is done. Even so, backtesting which consists of reviewing how price moved at key levels in the past is essential as well.

As you backtest, use the crosshair which is a valuable tool used to determine the date, time and price of the currency pair on a chart. The crosshair can also be used to determine the number of pips between two points. To help prevent your stop loss from being reached or overleveraging use the crosshair to calculate the total amount of pips a currency pair typically moves outside of the Bollinger Bands, which will be explained later.

Keep in mind the trading session you trade. Take advantage of your non-trading hours by spending 2-4 hours per week for review, preparation and new discoveries. Although backtesting may show how price performed in the past, it does not guarantee price will move the same way in the future.

Backtesting lets forex traders know that a trade has profit potential. With repetition and observation forex traders can become more confident to initiate trades without hesitation.

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Apply the 2 by 2 rule which consists of identifying current price. Next, draw 2 horizontal lines of support and resistance above and below the current price on the H4 timeframe or higher. Despite that, traders must identify more edges to impact their trade idea. Forexfactory.com offers a market analysis to give insight on things that may cause a trend to reverse abruptly or continue despite forex confirmations such as; breaking news, gas prices, political speeches and much more.

Break in Market Structure As price moves up it is creating an uptrend in the market. Contrarily, as price moves down it is creating a downtrend. Sideways movement is referred to as ranging or consolidation. Sideways movement is the starting point for a new trend. Avoid trading in consolidation. Instead, draw your support and resistance lines on sideways movement on the H4 timeframe.

During consolidation a trendline should be drawn at support or resistance to anticipate an uptrend or downtrend. Waiting for a breakout in market structure can increase profitability. Be mindful that 2 or more touches are confirmations of the trend. As you trade it is still important to be on guard. It is what you don't expect... that most needs looking for!

Week of Cautiousness “Now these forex streets are not for everybody, that's why they made sidewalks” - Jeremy Cash. You must know the rules of the game to profit. Not knowing, is the difference between the trenches and riches. Be cautious trading during the Non Farm Payroll week (NFP). NFP occurs the first week of each month. During NFP economies take inventory of the total amount of jobs gained, excluding farmers. During NFP technical indicators lose validity. Thus, use this week as time to become more knowledgeable rather than placing trades.

Indicator List "The execution may not always be precise, so you must have a good plan” - Jay Wayne. Now anything can happen in the forex market. Despite that, forex indicators are technical tools used to give facts to help predict future price. They provide the awareness needed to know when to trade and when to stay out of the forex market. Thus, below are a list of forex indicators and their role in The King James Strategy.

Volume Indicator- Market reversals and pullbacks usually come after volume and price spikes. Volume spikes can be the first indication of exhaustion, possible

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pullback or reversal. The volume indicator scans the market for price spikes around overbought and oversold market conditions.

Pinbar Detector- Pinbars are reversal candlestick patterns. The pinbar detector is a price action indicator that detects pinbars. Upon locating a pinbar, the pinbar detector will identify it by placing a green smiley face symbol below a bullish pinbar to signal a buy. Additionally, a red smiley face will appear above bearish pinbars to signal a sell. Smiley face pinbars are more effective at the end of an uptrend or downtrend. They are not as effective when price is moving sideways in consolidation because a clear direction has not been established.

Day Bar Info- This indicator will display a daily candlestick while viewing the lower timeframes. Along with that, you will see the total amount of pips for the day, total amount of pips in the body of the candlestick and total amount of pips for the wick. Lastly, a shadow will outline all price action for the day.

Supertrend Trader- A multi-timeframe indicator that confirms the current trend of a currency pair. Oh but wait! An arrow will appear on the forex chart to validate the trend for entry. Contrarily, the supertrend trader arrow will disappear from your chart if the trend is not valid. The supertrend trader is a must have for your chart. The trend is your friend until it ends. Follow the “money aka trend” that is dominating the market. The supertrend trader validates market structure. Trading against the supertrend arrow may cause immediate drawdown. Lastly, should multiple timeframes have the same supertrend trader arrow for a sell or buy expect price to go in that direction.

Relative Strength Index (RSI)- The purpose of the RSI is to identify the high and low of the day. The RSI is best used as an alert that price will reverse in the future.

"It's not a wish, hope or maybe! It's dropping or going up". The RSI alerts traders to look at their chart and start anticipating a reversal. Use the RSI as a notification for an upcoming reversal. It does not mean to start placing sell or buy trades just yet. The RSI is just an attention getter.

Relative Strength Index (RSI) Scanner- The RSI Scanner is used to find currency pairs with an RSI below 25 or above 75. Also, it will display multiple currency pairs on a dashboard. Lastly, the RSI Scanner will highlight each currency pair and timeframe that meets the criteria.

Bollinger Bands- A trend following tool that uses 3 moving averages. Additionally, it provides buy and sell zones. Bollinger Bands in my opinion can also be used as

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an entry and exit strategy. For the best results enter sell and buy trades outside of the Bollinger Bands.

The Golden Steps- The Middle Bollinger Band known as “The Golden Steps” acts as support and resistance. Now, every king has a castle and that is exactly where the king is headed whenever price passess above "The Golden Steps". The castle is located outside of the red Bollinger Band. Buyers are in control when price is above “The Golden Steps”. Contrarily, every castle has a dungeon. Anytime the price goes below "The Golden Steps" price is headed to the dungeon. The dungeon is located outside of the green Bollinger Band. Sellers are in control whenever price moves below “The Golden Steps”. This is the case until price moves outside of the green Bollinger Band, then expect a reversal to occur. In the event, price does pullback, do not panic because the king has made up his mind.

Pullbacks can be thought of as the king making a stop before heading to his destination.

Pinocchio Indicator- This is identified as a shooting star candlestick pattern detector. It appears to represent the end of an uptrend, downtrend or minor pullback. The higher the timeframe the stronger the signal, however the shooting star candlestick pattern should never be used alone.

Tweezer Top & Bottom Indicator - This is a reversal pattern indicator that will produce a circle whenever there are two candlesticks of equal size next to each other. The circle will appear below both candlesticks to symbolize a reversal to the upside. Similarly, a circle will appear above both candlesticks to symbolize a reversal to the downside. Tweezers are helpful clues for when the market will change direction. Because of this, it should be used on the H4 timeframe or higher by itself.

Candle Time Remaining- This timer will be displayed on the chart. It will show the total amount of time left before the current candle ends and a new candle begins.

So, before entering a trade make sure the previous candle is in your desired direction.

Intrepid Symbol Changer- This is a chart that will display all currency pairs. It provides a more convenient way to choose and view a specific currency pair. x2014 Pips- This indicator is a pip counter that will display on your chart whenever you are actively in a trade. The pip counter will show the total amount of pips, whether in profit or drawdown.

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Average True Range (ATR)- Have you ever been stopped out of a trade, just to see it go in your desired direction afterwards? If so, the ATR is a wonderful solution.

The ATR is an indicator that displays the average number of pips that a currency pair may move based on the last 14 candles. This indicator is helpful because each currency pair has different volatility, which means depending on the currency pair selected the stop loss may need to be larger or smaller. Using the ATR can help avoid devastating losses. Simply place your stop loss below the higher low on a buy or above the lower high on a sell. Now, the ATR varies per timeframe as well. For example, on the 30 minute timeframe the ATR may be 35 pips, but on the H4 timeframe the ATR may be 267 pips. All in all, the ATR is a great indicator tool used to access the market like professional traders.

THE KING JAMES STRATEGY

6 KEYS TO SUCCESS 1. Without 3 or more confirmations avoid putting yourself in the trade situation.

2. Back testing validates that profit may not occur immediately, but eventually.

3. Always place a stop loss above or below the supertrend trader arrow, Pinocchio indicator or smiley face pinbar.

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4. Do not place a buy on a bearish candlestick or a sell on a bullish candlestick.

5. Whenever the RSI gives an alert on an uptrend to sell, then it is a short sell of 10 to 20 pips because it is in an uptrend. However, in a downtrend if the RSI gives you a sell you can hold and that goes for buys as well.

6. Anytime the RSI is outside of the Bollinger Band wait until you receive confirmations such as a supertrend arrow or two pinbars on the 5 minute chart.

Now, let's begin the path to that mansion, Ferrari and butler! A few simple disciplines practiced every day leads to success - Jim Rohn. Pro traders base their trades on the highest probability to win a trade. They don’t gamble. A strategy is simply organized steps from point A to point B. Though there are no guarantees when it comes to trading, following The King James Strategy can lead to minimal drawdown, ability for multiple positions and sniper entries.

Protecting Profits “Many receive advice, only the wise profit from it” - Harper Lee. A stop loss is used to limit losses and secure profits on a trade. It is mandatory to apply a stop loss when using The King James Strategy. A stop-loss offers protection just in case price starts moving in the opposite direction of the trade. Additionally, it adds discipline to the trading strategy, helps take emotions out of trading and helps eliminate the need to monitor trades frequently. To use the stop loss effectively apply the bullet points below to each trade. ● ● ● ● ● ● ● ● ●

Place stop loss 20 to 50 pips away from entry point Take Profit 1 20 pips in profit Take Profit 2 50 pips in profit Take Profit 3 100 pips in profit A 20 to 50 pip stop loss should never be reached after going 10 pips into profit.

Secure some profit Move stop loss to 5 pips in profit.

Move stop loss to 20 pips after 50 pips in profit At 50 pips or more move stop loss to 50 pips and let the winning trade run

Ignorance "Ignorance is the root of misfortune" - Plato. Ignorance is growing an account and blowing it. Ignorance is staying up late nights then blowing an account.

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Ignorance is being in severe drawdown, then going into profit, not taking it and then blowing your account. Ignorance is winning 30 trades in a row just to blow an account in one trade. Ignorance is making money and blowing the account before a withdrawal is made. Simply put, ignorance is being unaware of how much money is at risk per trade.

Stop Loss Avoidance "There are no losses, only wins and lessons'' - Wallace James. After strategically placing your stop loss, avoid moving it in hopes of preventing the stop loss from being reached. Doing so causes forex traders to become victims of forex stop hunting. “Wait, what is that?"....Just as a tornado destroys everything in its path, forex stop hunting is just as vicious, but on your money.

A forex stop hunt is a massive move by the market makers to seek, find and collect all stop loss orders that are in place. The objective of a forex stop hunt is to wipe out forex traders that have a large negative trade amount. Thus, the more you move your stop loss the bigger you become on their radar. Either let the initial stop loss be reached or exit the trade early to protect your trading account.

There will come a time when your stop loss will be hit. Embrace this moment. Use this moment as a learning tool. Use this as an opportunity to correct your faults and errors. It is only a loss if you don't learn from the event.

Greed “Do not spoil what you have by desiring what you have not” - Epicurus.

Exiting a trade after the daily profit goal has been exceeded adds wisdom to compounding your trading account. Greed is a bottomless pit which exhausts the person in an endless effort to satisfy a need without ever reaching satisfaction. It is perfectly fine to secure some profits, alter your lot size and exit the trade. You can always place another!

Break Even “The successful trader wins by being an expert at losing“ - Tom Hougaard.

Grant yourself the mental freedom to exit a trade. You cannot manipulate or control the market, the only thing you can control is you. Breaking even occurs when a trade neither makes money or causes a loss. The break even point is also known as the entry point where the trade was placed. There may come a time when you unintentionally remain in a position overnight. This transition exposes traders to overnight and weekend risk, where the price could gap and open the

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following trading session at a different price. These conditions affect the accuracy of indicators, which may cause a trade idea to become prolonged or invalid. So, for an active trade that has lingered beyond 3 days or more your new target is the break even point.

Scale Out The King Strategy is a trading plan to help ensure traders remain disciplined, so they don’t make emotional decisions. To scale out, or scaling out, means to exit a trade by closing partial profits. This profit-taking strategy helps avoid exiting a trade too early and limiting potential gain. Simply put, place one trade, then scale out by closing partial profits as you reach Take Profit 1, 2 and 3. ● Take Profit 1 20 pips in profit ● Take Profit 2 50 pips in profit ● Take Profit 3 100 pips in profit Confirmations Just as a smile implies that a person is in a good mood and a frown shows that a person may be upset, forex confirmations act as evidence to signal the direction price is likely to move. Three or more confirmations are needed before placing a trade. I have provided a confirmation checklist that must be done when using The King James Strategy.

RSI overbought or oversold on the M30 or H1 timeframe Sell- Price outside of the red Bollinger Band Buy- Price outside of the green Bollinger Band Buy- Green smiley face pinbar present Sell- Red smiley face pinbar present Profitable candlestick pattern present Pinocchio indicator present Supertrend Trader arrow present for buy Supertrend Trader arrow present for sell Rejection, Retest and Reaction Valid Trendline (Two or more touches) Time Confluence 3 Consecutive Green Timeframes on the RSI Scanner 3 Consecutive Red Timeframes on the RSI Scanner

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*Bonus Confirmations: Figure 11 below displays 3 images that will occasionally appear on the forex chart. The first image known as the king's crown will appear anytime a smiley face pinbar is combined with a Pinocchio indicator. The second image is called the king’s compass, this will appear whenever a supertrender trader arrow is combined with a Pinnochio indicator. The third image known as the king’s eye, will appear when a smiley face pinbar is combined with a supertrend trader arrow. These confirmations can be found, slightly above or outside of the green bollinger band. These images symbolize that the king is full of joy! Place the trade to experience his joyfulness.

Figure 11 King’s Crown

King’s Compass

King’s Eye

What Is Your Financial Freedom Number?

(Example: $5100) $_________________________ “The best thing money can buy is financial freedom ”- Lisa Torres. The beautiful thing about today is you get the choice to make it better than yesterday.

A financial freedom number is the minimum amount of money required each month to pay all of your bills and needs. Just add up your monthly expenses, then enter it above. Identifying your financial freedom number is exciting because when the financial freedom number is exceeded you now have the ingredients to design a luxury lifestyle which consists of investing in wealth categories, saving money, purchasing high end clothing, jewelry, cars and establishing a financial cushion to relocate or take an extended vacation if needed. Know your number.

Pips Pay Bills "Pay yourself”. “Profits are not real until they pay a bill” - Coach Max. Set a date to withdraw 30-50 percent of the profits earned weekly. This removes your initial investment and now allows your profits to make more profit. Make a withdrawal because it builds confidence, makes it possible for you to start a business, build a dream home, pay the costs associated with having a family and accomplish other goals you believe will help you live a better life. You only need

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the minimum necessary to operate The King James Strategy. In the event a larger withdrawal is made, be sure to maintain a well chosen trading account balance.

Multiple Trading Accounts "Don’t let the fear of losing be greater than the excitement of winning" Robert Kiyosaki. Completing the profit-making gameplan conveys that the reader has mastered the concept of The King James Strategy (reference Figure 5). As a reward, you can now transition into maximizing winning trades by strategically opening two additional trading accounts. The goal of the first trading account is to reach a specific account balance. Once completed, the purpose of a second account will then be to hold long term trades. Lastly, the objective of the third trading account is to trade more aggressively by using a larger lot size and make frequent withdrawals.

Establish Your Why “The more valid reasons you have to accomplish a goal, the higher the chances you will” - Les Brown. There may come a time when you will be challenged in your trading process. It is vital to create a reason to persist despite any obstacle you encounter during your forex trading process. No one believes until it pays off.

Make the mental decision that you will receive your desired outcome.

Below you will find an example of a personal statement, trading rules and hyperlink to a YouTube trading affirmation video (reference Figure 11). Listen to the trading affirmations for 21 consecutive days while sleeping to help boost positive thinking and develop a profitable mindset.

Personal Statement Example: I trade because I want financial freedom and time freedom. I trade because I want to be respected amongst men. I trade because being rich is my duty. I trade because I want to eat when I am hungry, drink when I am thirsty and be happy when it is time to celebrate. I trade because I never want to miss another birthday, holiday, basketball game or football game due to not having enough money or fear of losing a job. I trade because the more I relinquish financial control, the more I set myself back. Click here https://youtu.be/8iALhVCLo3c.

See Figure 12 Below

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Journal “Winners are trackers” - Darren Hardy. Document your reasoning for placing each trade. Document every profit made or loss taken. Writing down your thoughts, emotions and outcomes will help repeat good habits and correct errors.

"Most people are one decision away from a life made of money" Unknown. Tracking your trades is the difference between your trading experience

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being like a rollercoaster or your trading account balance moving upward like an airplane. On the other hand, not tracking your trades is like driving a fast car without seeing the speed. It may be thrilling, but it's a mistake waiting to happen.

Don’t focus on perfect punctuation, length, grammar or spelling. Just write.

Think In A Certain Way “All of the L’s have been taken for you” - Wallace James. Habits are easier to abandon today, rather than tomorrow. I plead with you, throw away your old mindset to allow the transformation of abundance to come into your life. Focus on completing the process, rather than the end result. Get serious. Do The King James Strategy and follow it so precisely as if it were directions on a map.

Embody the mentality of a king or “whoever you must become”, in order to achieve the success you seek. Only then, you will be able to have the financial wishes and desires of your heart met.

A fixed mindset keeps people stuck like a foot in cement, but a growth mindset allows people to discover new things just like a child in a candy store.

Time has tested and proven that failure is a part of the growth process, so instead of altering a proven strategy, see failing as a step, not as the reason to abandon the strategy. Not following directions on a map will get you lost. So, when faced with obstacles, tell yourself that you just have not mastered it "yet". Using the word "yet" symbolizes that despite any struggles, you can overcome anything.

The Recap "Systems are perfectly designed to produce trackable results" - W. Edwards Deming. The King James Strategy provides a trackable system to help increase profitability. Below, you will find a system to follow before placing a trade each day.

1. Visit forexfactory.com for news updates 2. Complete a Chart Markup 3. View Trading Rules 4. Know Your Daily Profit Goal 5. Have 3 Confirmations 6. Follow The Trend aka Money 7. Write Down The Outcome 8. Recommended Trading Days:Tuesday-Thursday Withdraw Forex Profits “I experience wealth as a key part of my life” - Unknown

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● ● ● ● ● ● ●

To withdraw forex profits you must: Transfer funds from the live trading account to a trading account wallet Check your account balance Choose a withdrawal method Submit a withdrawal request Wait for processing Receive your funds Consult live chat if needed

In conclusion, more and more money is being printed each day. Embrace the privilege of having complete control over your financial future. You now have instructional information to the wealth skill that offers a limitless supply of money 24 hours a day, 7 days a week. With great detail, all readers have here and now become well informed of the foreign exchange market, how to open a trading account, forex indicators and how to become a profitable forex trader by using The King James Strategy.

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A Message From Me To You: A book is only the beginning for a writer. A reader completes it, and you are an example of this.

Thank you for reading, Wallace James 29

Copyright © 2023, Wallace James. All rights reserved.

The information provided in this book is for informational purposes only and is not intended to be a source of advice or credit analysis with respect to the material presented. The information and/or documents contained in this book do not constitute legal or financial advice and should never be used without first consulting with a financial professional to determine what may be best for your individual needs.

The publisher and the author do not make any guarantee or other promise as to any results that may be obtained from using the content of this book. You should never make any investment decision without first consulting with your own financial advisor and conducting your own research and due diligence. To the maximum extent permitted by law, the publisher and the author disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations contained in this book prove to be

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inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained or made available through this book is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. The publisher and the author are providing this book and its contents on an “as is” basis. Your use of the information in this book is at your own risk.

This is a work of fiction. Names, characters, businesses, places, events, locales, and incidents are either the products of the author’s imagination or used in a fictitious manner. Any resemblance to actual persons, living or dead, or actual events is purely coincidental.

This book or parts thereof may not be reproduced in any form, stored in any retrieval system, or transmitted in any form by any means—electronic, mechanical, photocopy, recording, or otherwise—without prior written permission of the publisher, except as provided by United States of America copyright law.

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