Dapo willis

extra confirmation
” and what is this “extra 
confirmation”? A retest below or above the neckline. 
This approach alone has saved me a lot of premature trades 
and, most especially, from market manipulations (more on 
that later).
And you may ask, "what if it doesn't retest that neckline?" 
Okay, fine. Then wait for a minor or major pullback, or 
ignore it if necessary, depending on certain market 
conditions like: 

The amount of time it takes to form those patterns 
(the longer, the better) 

The timeframe (higher timeframe plays out the most) 
If you don't know me well, I am a fund manager who trades 
Forex with a huge amount of money (millions of dollars). So 
I am always strict with my trading rules, which is why I 

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The Millionaire Trader's Handbook 
Page 39 
always have my “extra confirmation rules” in every trade I 
place.
If my trading rules have not been met, I am not interested in 
that trade. These strict rules make me 9 out of 10 times more 
accurate, profitable, and risk-free. 
So if you didn't see a retest or pullback above or below, go on 
a timeframe lower and look for the best possible entries. 
Price Action Misconception: Support & 
Resistance Are Not Lines, But Zones on Your 
Chart
: 
Take a look at these scenarios. Price was unable to break 
these resistance zones, as shown below. 
Imagine you had placed your sell entry at the candlestick 
rejection of that resistance level since the price once rejected 
that level in the past. 

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The Millionaire Trader's Handbook 
Page 40 
You would have been in profits if you traded based on that. 
But experience-wise, this is not how you should get into a 
trade, especially at the resistance or support level. And I 
won't blame traders who trade like this because that's how 
Babypips taught you.

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The Millionaire Trader's Handbook 
Page 41 
Most traders are usually looking to get the best possible price 
early, so they try to get into a trade as soon as they notice 
some candlestick rejections. 
This approach will only land you in profit for a few trades. It 
is only a matter of time before you realize you are always 
getting blunt. The reason is that the price usually tends to 
break at the support or resistance level 80% of the time. 
In other words, support and resistance are not blocks on 
your chart; they are lines that can be broken. As a trader, 
you don't treat support and resistance as lines where the 
price is expected to reject and move based on your 
anticipation. 
The market usually doesn't respect these lines because it 
doesn't know they exist. You plotted them, not the market. 
So treat them as areas where the price is expected to react 
and use that reaction to anticipate its next move, not getting 
into that trade right away. 

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The Millionaire Trader's Handbook 
Page 42 
You would want to wait to see where the price is about to 
head to, either breaking of support or resistance level or a 
retest/candlestick rejection. 
That is one reason why you always get hunted by market 
manipulators because they know where your stop loss is 
when trading at either support or resistance level. 
And they wouldn't want to get into that same price with you.
So, they manipulate the price to hit your stop loss to be able 
to find the best possible price and start heading in your 
direction as anticipated (more on that later). 

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The Millionaire Trader's Handbook 
Page 43 
In conclusion, avoid getting into a trade at the support or 
resistance levels. What should you do instead? Either wait 
for a breakout and retest. 
Or use the counter-trend strategy to get into a trade.

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The Millionaire Trader's Handbook 
Page 44