Day Trading Forex with Price Patterns - Forex Trading System by Laurentiu Damir

By Laurentiu Damir

Day buying and selling foreign money with cost Patterns

  • Forex fee motion Day buying and selling System
  • Make a thousand pips per 30 days or more
  • Timeframes used - 30minutes-4hours

Components

  • Price motion Trends
  • Price Patterns
  • Support and Resistance Levels

Summary

  • The ebook features a robust fee motion day buying and selling method that specializes in very robust styles that cost makes.These styles are illustrated with nice element contained in the book,but extra importantly,the good judgment in the back of each development is defined in a fashion that the dealer will study precisely what's occurring with the dealers and sellers,which of them are better at that time.Knowing this,the dealer can then make the easiest buying and selling decions
  • The method seems on the larger photograph to discover the path during which to trade,then it makes use of the half-hour chart to identify rate styles and day alternate them with first-class success.It does not use technical indicator of any kind.It additionally has rather well outlined entry,stop loss and go out principles that permits the dealer to make the utmost out of each trade
  • Learning and utilizing this currency day buying and selling approach is all you need to do to generate profits consistently.You can learn the pattern and when you require additional info be at liberty to touch me at damirlaurentiu@yahoo.com

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Extra info for Day Trading Forex with Price Patterns - Forex Trading System

Sample text

Let us see an example: In this symmetrical triangle, we have two lower highs and three higher lows. The impulsive move on the 4h chart was pointing up; price makes a continuation pattern on the smaller timeframe and then resumes the prior move. As you can see, it is quite similar in shape with the pennant pattern discussed earlier but this symmetrical triangle takes more time to form, has to have lower highs and higher lows, and does not have to be preceded by a sharp move like the pennant pattern.

Flag and Pennant These two short-term continuation patterns are very frequent in the forex market. They mark a small consolidation period before the previous move resumes. In order for these patterns to be valid there has to be a sharp advance or decline preceding them. Let us see an example of a flag: As you can see in the picture above, the flag is a rectangle pattern that slopes against the previous move. The flag in the chart above is actually not a typical one because it develops small highs and lows that you can connect with the two parallel lines.

In the end I would like to apologize if I sound a little to rigid in my explanations and if there are any misspellings. English is not my first language. I am doing the best I can. If you find that this adds value to your trading please consider writing a review of the book on Amazon. It does not have to be long, just a few words to state your opinion about the trading system presented in order to help other people make more informed decisions. com and you will receive the PDF version of this e-book so that you can read it more easily and print the contents on paper if you want.

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