Day Trading Forex with Price Patterns
4.5/5
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About this ebook
Forex Price Action Day Trading System
Make 1000 pips per month or more
Timeframes used - 30minutes-4hours
Components
- Price Action Trends
- Price Patterns
- Support and Resistance Levels
Summary
The book contains a powerful price action day trading system that focuses on very strong patterns that price makes. These patterns are illustrated with great detail inside the book,but more importantly, the logic behind every pattern is described in a way that the trader will learn exactly what is happening with the buyers and sellers,which of them are stronger at that time.Knowing this,the trader can then make the best trading decions
The system looks at the bigger picture to find the direction in which to trade, then it uses the 30 minutes chart to spot price patterns and day trade them with very good success. It doesn't use technical indicator of any kind. It also has very well defined entry,stop loss and exit rules that enables the trader to make the maximum out of every trade
Learning and applying this forex day trading system is all you have to do to become profitable consistently.
Read more from Laurentiu Damir
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Reviews for Day Trading Forex with Price Patterns
40 ratings13 reviews
- Rating: 5 out of 5 stars5/5I love all of your books. Thanks a lot
Paul
Indonesia - Rating: 4 out of 5 stars4/5impulsive move and corrective move are new labels to concepts i already knew but good reminder
- Rating: 5 out of 5 stars5/5A must have book for anyone wanting to master the art of price action trading
- Rating: 5 out of 5 stars5/5Thank you for helping us with this document, you can be sure it is helping many people, thank you very much.???
- Rating: 5 out of 5 stars5/5Well explained to the understanding of a newbie. Thank you author
- Rating: 5 out of 5 stars5/5It's a simple and easy to understand explanation. Very good work. I can practice and implement the concept on my trading. Thank you.
- Rating: 5 out of 5 stars5/5Great & helpful information, and would certainly recommend this to anyone!
- Rating: 5 out of 5 stars5/5THIS BOOK HELP ME UNDERSTAND CHART PATTERNS. I HIGHLY RECOMMEND THIS BOOK.
- Rating: 4 out of 5 stars4/5very good and clear also i appreciate this thank you
- Rating: 5 out of 5 stars5/5Love how it was right to the point. Actionable knowledge through the whole book without all the fluff
- Rating: 4 out of 5 stars4/5Price Patterns are always great to learn. The way Damir explains it, is wonderful ! And like always, great teacher !
I enjoy his books & utilize his strategies ! - Rating: 5 out of 5 stars5/5Wonderful. Its the most helpful book i have ever read
- Rating: 5 out of 5 stars5/5Really good information that can make you a better trader
Book preview
Day Trading Forex with Price Patterns - Laurentiu Damir
Day Trading Forex with Price Patterns
Copyright © 2012 Laurentiu Damir
All rights reserved.
damirlaurentiu@yahoo.com
Verlag GD Publishing Ltd. & Co KG
E-Book Distribution: XinXii
www.xinxii.com
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
Day Trading Forex with Price Patterns
About the system
Buy or Sell ?
Price Patterns
Flag and Pennant
Rectangle
Triangles
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. It focuses first on the bigger picture to find out which of the buyers and sellers are more powerful at any given time and then uses this information for day trading on smaller timeframes with the help of very strong patterns that price makes. This is all you need; this is all this system needs in order to deliver a thousand pips per month or more. Beginner traders often think that for achieving success in the foreign exchange market, they have to invent something, to be unique, to come up with some complicated trading techniques that no one else has thought of before. This is very wrong. Forex is not about uniqueness at all, it is about a very large group of people buying or selling at the same time. The more people that buy or sell at a given level of price, the greater are the chances of success. If you develop a unique strategy and then start to buy or sell according to it,