Day Trading Forex with S&R Zones - Forex Trading System by Laurentiu Damir

By Laurentiu Damir

Day buying and selling currency with aid and Resistance Zones

  • Forex rate motion Day buying and selling method to make a thousand pips monthly with
  • Low danger - excessive gift buying and selling (1:3 Risk-Reward ratio)
  • Clear access, cease loss and go out levels
  • Timeframes used: 1hour and 4hour

Components

  • Moving averages
  • Support and resistance levels
  • Price patterns
  • Trendlines

If you require additional info be happy to touch me at damirlaurentiu@yahoo.com

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Additional info for Day Trading Forex with S&R Zones - Forex Trading System

Example text

Let me give you an example to see how this pattern looks like: The wedge pattern consists of two lines that converge at the end. These lines are formed by connecting the most recent swing highs and the most recent swing lows as in the chart above. When this pattern emerges it almost always means that the trend is in its final moments. Therefore, when we have a trade opened and we are in profit, we look at the chart to see if there is such a pattern by connecting the last two minor highs and the last two minor lows that price makes on the zoomed out candlestick 1h chart.

All the trades with this forex strategy look exactly the same. They have small stop loss levels and a high reward. The first sell order in the example above won 210 pips, the second sell order made 250 pips. Here is another trade example with this strategy. Very small stop loss, 215 pips profit. I will now go through every component of this trading strategy, explain them in detail and at the end, put them together to give you the complete forex trading system. Moving average This system uses the 200 period exponential moving average or 200EMA.

As we seek a way to signal us when a trend in about to end we will use it only as a reversal pattern. Let me give you an example to see how this pattern looks like: The wedge pattern consists of two lines that converge at the end. These lines are formed by connecting the most recent swing highs and the most recent swing lows as in the chart above. When this pattern emerges it almost always means that the trend is in its final moments. Therefore, when we have a trade opened and we are in profit, we look at the chart to see if there is such a pattern by connecting the last two minor highs and the last two minor lows that price makes on the zoomed out candlestick 1h chart.

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