By Laurentiu Damir

Day buying and selling currency with fee Patterns

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

Components

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

Summary

  • The publication includes a robust fee motion day buying and selling approach that makes a speciality of very robust styles that rate makes.These styles are illustrated with nice aspect contained in the book,but extra importantly,the good judgment in the back of each trend is defined in a manner that the dealer will research precisely what's taking place with the dealers and sellers,which of them are more suitable at that time.Knowing this,the dealer can then make the easiest buying and selling decions
  • The method seems on the higher photograph to discover the course within which to trade,then it makes use of the half-hour chart to identify cost 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 permits the dealer to make the utmost out of each trade
  • Learning and making use of this foreign money day buying and selling procedure is all you should do to generate income consistently.You can learn the pattern and in case you require extra info be happy to touch me at damirlaurentiu@yahoo.com

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

Sample text

No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without prior written permission of the Author. Your support of author’s rights is appreciated. Table of contents About the system Buy or Sell ? Price Patterns Flag and Pennant Rectangle Triangles Symmetrical triangle Ascending triangle Descending triangle Price channel Cup with handle Wedge Entry and Exit Step by Step About the system A very clean and extremely profitable day trading system that does not use technical indicators of any kind, but only concentrates on reading the price action.

After that, the pattern breaks and the buyers resume the trend established by that previous impulsive move up. Descending triangle: this pattern is pretty much the opposite of the ascending triangle. 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.

However, there is another way to exit a trade earlier than this and you should use it if the market offers the opportunity. When I discussed about the wedge pattern, I told you that this pattern can be a continuation pattern but it also can be a reversal pattern. It very much depends of its location. If it forms in the correction phase of the big trend on the 4h chart and it is sloping against this trend then it is a continuation pattern and we use it as described above to enter trades. This pattern can also emerge in the impulsive moves of the trend signaling that the trend is about to end.

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