Trade the Price Action - Forex Trading System by Laurentiu Damir

By Laurentiu Damir

Trade the fee Action

  • Forex expense motion buying and selling approach with over ninety% profitable rate
  • Low Risk-High present Trading

Components

  • price motion trends
  • support and resistance
  • fibonacci retracements
  • candlestick patterns

Summary

  • The ebook describes in nice element with chart examples a private foreign money expense motion buying and selling approach that has a successful expense of over 90%. it's a whole foreign money process with transparent entry,exit and forestall loss principles. The risk-reward ratio for all trades performed with this method is at the least 1:3 for each trade
  • All a dealer has to do is persist with the foundations of this rate motion approach. This booklet includes the entire info a dealer will ever need to study and grasp to achieve success within the foreign currency echange industry. you don't need technical indicators,you shouldn't have pricey robots to exchange for you,all try to be an outstanding dealer is an easy chart and the buying and selling process this booklet describes
  • Read it, study it, admire its principles and you'll have no challenge achieve good fortune within the monetary markets. in the event you require extra information be at liberty to touch me at damirlaurentiu@yahoo.com

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Trade the Price Action - Forex Trading System

Alternate the cost ActionForex fee motion buying and selling process with over ninety% profitable rateLow Risk-High present TradingComponentsprice motion trendssupport and resistancefibonacci retracementscandlestick patternsSummaryThe publication describes in nice aspect with chart examples a private foreign money expense motion buying and selling procedure that has a profitable expense of over 90%.

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Additional resources for Trade the Price Action - Forex Trading System

Example text

As you can see we have a 75 pip risk and and a 265 pips reward. 8 retracement level where price makes a very powerfull candlestick reversal pattern. We can see that we have confluence of signals because that level is also where the last resistance represented by the LL is. We enter the trade and put the stop loss in place like shown on the chart and let’s see what happened next: We see that price got eventually to where our take profit was situated,but it did not go straight down to it. You remember we talked about trailing the stop loss only to logical places,which in this case would have been lower highs made by price on its way down to our take profit level.

Remove everything else on the charts. Identify the trend on the 4hours chart as we discussed earlier. If there is a trend in place , go to the daily chart and see if the daily 200EMA confirms your identified trend, meaning that if you spotted an upward trend the price on the daily chart must be above the daily 200EMA. If you have a downtrend then price must be below the 200EMA on the daily chart. If things on the daily chart look the way they are supposed to and they confirm your new found trend then go back to the 4h chart and wait for a price correction move opposite to the trend direction.

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. Also, if you want to combine this strategy with another powerfull strategy that can make you 200pip per week easily you can check out „Trade the Momentum”, or you can combine this with another price action strategy that trades on the 1 hour chart and can deliver thousands of pips riding trends.

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