Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Day Trading Forex with Price Patterns
    Day Trading Forex with Price Patterns
    Day Trading Forex with Price Patterns
    Ebook40 pages25 minutes

    Day Trading Forex with Price Patterns

    By Laurentiu Damir

    4.5/5

    ()

    Read preview

    About this ebook

    Day Trading Forex with Price Patterns

    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.
    LanguageEnglish
    PublisherXinXii
    Release dateJan 22, 2014
    ISBN9783957032119
    Day Trading Forex with Price Patterns

    Read more from Laurentiu Damir

    Related to Day Trading Forex with Price Patterns

    Related ebooks

    Foreign Exchange For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      Thinking About Day Trading? Read This First

      Sep 22, 2020

      In the midst of the pandemic, you may have noticed a rather unusual trend: More and more people are jumping into the stock market. Despite, or perhaps even because of, extreme volatility in the market and endless speculation about what could happen n

      3 min read

    • Article

      Chart Your Way To Success

      Aug 25, 2022

      Chart Your Way To Success
      8 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      A Better Way To Tell A Correction From A Bear Market?

      Nov 30, 2018

      The standard definition of a correction is a 10% market decline, while a bear market is a 20% decline. These are simple definitions ... I take a different view. At Cornerstone, we view a correction as a significant decline within an up trend. Th

      3 min read

    • Article

      To Take Profit Or Not? That’s The Question

      May 15, 2020

      as global and local markets continue to rally after the collapse of late March and early April, I am being flooded with questions from people who bought shares during the collapse and now want to know if they should be selling. The point I always mak

      2 min read

    • Article

      What to Do (and Not Do) When the Market Drops

      Dec 12, 2018

      It's been a long time since we ended a year with U.S. stock market being down. However, the longest bull market in U.S. history, which started on March 9, 2009, could finally be coming to an end. If you have watched or read any amount of news recent

      3 min read

    • Article

      It’s A Full-blooded Bear Market

      Mar 27, 2020

      bad news is an investor’s best friend. – Warren Buffett Amid a deluge of bad news hitting the JSE and other markets almost daily, there is one important aspect that should not be overlooked: Experienced value investors are currently buying shares the

      2 min read

    • Article

      How To Choose Stocks

      Aug 6, 2021

      i was recently chatting to a friend about a stock he had been researching. He has done a large amount of work on the stock; forecasts, emailing the company’s management, checking out the competition and doing a detailed valuation. Then, after about t

      2 min read

    • Article

      Sales Volume Or Sales Value: Which Is Best For You?

      Jun 24, 2019

      IN THIS instalment of our ‘8 levers of sales growth’ series we tackle the decision between aiming for a greater volume of new sales versus increasing the value of each sale. In some respect, this decision comes down to how many new sales can your bus

      2 min read

    • Article

      I Wish I Knew What Market Timing Was, But I’m Too Embarrassed To Ask

      Feb 3, 2023

      Market timing refers to any strategy that involves trying to predict future price movements and shifting between different investments to take advantage of them. To take a simple example, if you believe that shares are likely to fall and bonds to ris

      1 min read

    • Article

      How Options Can Help Your Portfolio

      Jun 3, 2020

      For some people, options trading conjures either fantasies of instant riches or nightmares of losing everything. But those are the visions of market-timing speculators, not long-term investors. For most investors with a long-term view, trading option

      7 min read

    • Article

      I Wish I Knew What Market Timing Was, But I’m Too Embarrassed To Ask

      Apr 5, 2024

      Market timing refers to any strategy that involves trying to predict future price movements and shifting between different investments to take advantage of them. To take a simple example, if you believe that shares are likely to fall and bonds to ris

      1 min read

    • Article

      I Wish I Knew What Market Timing Was, But I’m Too Embarrassed To Ask

      Jun 9, 2023

      Market timing refers to any strategy that involves trying to predict future price movements and shifting between different investments to take advantage of them. To take a simple example, if you believe that shares are likely to fall and bonds to ris

      1 min read

    • Article

      Unpacking Value

      Mar 29, 2018

      What do you attribute success in your sales organisation to? Sales is all about aligning the right people with the right product. We focus on understanding our client’s business and where their shortfalls are so that we can fill those gaps through o

      2 min read

    • Article

      Decision Time: More Profit Or More Sales?

      Apr 22, 2019

      IN THE NEXT look at our “8 levers of sales growth” series we tackle the decision between winning more valuable clients (lever 2) or winning a higher volume of clients (lever 3). If your business is in the fortunate position of being well established

      2 min read

    • Article

      I Wish I Knew What Technical Analysis Was, But I’m Too Embarrassed To Ask

      Oct 6, 2023

      Technical analysis refers to the use of trends in market data – such as the price of securities and volume traded – to attempt to forecast the future direction of markets. It does not take account of fundamental data such as a company’s earnings. Ins

      1 min read

    Related categories

    Reviews for Day Trading Forex with Price Patterns

    4.5/5

    40 ratings13 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      I love all of your books. Thanks a lot
      Paul
      Indonesia
    • 4/5
      impulsive move and corrective move are new labels to concepts i already knew but good reminder
    • 5/5
      A must have book for anyone wanting to master the art of price action trading
    • 5/5
      Thank you for helping us with this document, you can be sure it is helping many people, thank you very much.???
    • 5/5
      Well explained to the understanding of a newbie. Thank you author
    • 5/5
      It's a simple and easy to understand explanation. Very good work. I can practice and implement the concept on my trading. Thank you.
    • 5/5
      Great & helpful information, and would certainly recommend this to anyone!
    • 5/5
      THIS BOOK HELP ME UNDERSTAND CHART PATTERNS. I HIGHLY RECOMMEND THIS BOOK.
    • 4/5
      very good and clear also i appreciate this thank you
    • 5/5
      Love how it was right to the point. Actionable knowledge through the whole book without all the fluff
    • 4/5
      Price 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 !
    • 5/5
      Wonderful. Its the most helpful book i have ever read
    • 5/5
      Really 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,

    Enjoying the preview?
    Page 1 of 1