By Laurentiu Damir

Day buying and selling foreign money with expense Patterns

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

Components

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

Summary

  • The e-book incorporates a robust fee motion day buying and selling process that makes a speciality of very powerful styles that cost makes.These styles are illustrated with nice element contained in the book,but extra importantly,the common sense in the back of each trend is defined in a manner that the dealer will examine precisely what's occurring with the purchasers and sellers,which of them are improved at that time.Knowing this,the dealer can then make the easiest buying and selling decions
  • The approach appears on the greater photo to discover the course during which to trade,then it makes use of the half-hour chart to identify expense styles and day exchange them with excellent success.It does not use technical indicator of any kind.It additionally has rather well outlined entry,stop loss and go out ideas that allows the dealer to make the utmost out of each trade
  • Learning and utilising this foreign money day buying and selling approach is all you want to do to generate profits consistently.You can learn the pattern and in the event you require additional information be happy to touch me at damirlaurentiu@yahoo.com

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

Example text

Cup with handle This is a continuation pattern as well and as the name says, it takes the form of a cup with a small handle. Let us see what I am talking about: This pattern also has to have at least two highs or lows that you can connect with a horizontal line like in the chart above. You can see that the trend is up, this pattern forms in a correction of the trend but it is no ordinary looking correction. It is in the form of a cup; price goes slowly down and then reverses just as slowly forming a cup shape.

As you can see, after the flag the buyers drove the price sharply up again. Ok, let us move on to the pennant pattern. The pennant shares the same characteristics with the flag pattern except for the shape. It is a small symmetrical triangle that begins wide and converges as the pattern matures. The slope of the patterns should be neutral. Let us see an example: We have a sharp decline followed by a pennant pattern after which the sellers push the price further down. Like with the flag, the pennant is short in duration so it usually does not form its own highs and lows, in this case you just have to contain the price within two converging trend lines with a neutral slope.

It is a bearish continuation pattern meaning the trend is down, price stops for a while to consolidate forming a descending triangle pattern and then it goes further down resuming the trend. Here is an example: There is a minimum requirement of two highs and two lows with this pattern as well. The logic behind it mirrors the one from the ascending triangle. The sellers are the majority, the trend is down, the buyers hold their ground at the horizontal trend line but only for a short period of time.

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


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