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    Forex Range Trading with Price Action
    Forex Range Trading with Price Action
    Forex Range Trading with Price Action
    Ebook46 pages35 minutes

    Forex Range Trading with Price Action

    By Laurentiu Damir

    4.5/5

    ()

    Read preview

    About this ebook

    Forex Range Trading With Price Action

    Lucrative price action range trading system with 95% rate of success
    Timeframes - 1 hours and 4 hours

    Summary

    If you trade with the trend like the majority of traders out there, then you probably know by now that following the trend and jumping in the market when a good opportunity shows itself represents the safest and most lucrative approach a trader can have if he wants to be successful. However, most of the times, a problem appears when the trend pauses and the market starts to move sideways, causing so many trend following traders to lose most or all of their previous hard earned profits

    This book presents a complete forex trading system for trading a range bound market. It goes from explaining how to spot in time that price is about to develop a trading range, to managing your stop loss levels and exiting the trade. This is all done just by reading the price action, this system does not include any technical indicators

    You will learn how to recognize early the shift from trending to sideways movement that will keep you away from losing trades

    You will learn how to identify a range early and trade it successfully, with clear entry, stop loss, exit levels and with very good risk reward ratio
    LanguageEnglish
    PublisherXinXii
    Release dateJun 1, 2015
    ISBN9783957032133
    Forex Range Trading with Price Action

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    Reviews for Forex Range Trading with Price Action

    4.5/5

    39 ratings13 reviews

    What did you think?

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    Review must be at least 10 words

    • 5/5
      nice one bro , well explained and I love it
    • 4/5
      The whole book is excellent, written clearly and with good knowledge. What a pity that some pictures are missing... but yet valuable book !!!
    • 5/5
      very straight forward approach. clearly defined signals with entry and exit. brief explanation of take profit and stop loss. would have taken me years of staring at charts to figure out what's laid out in about one hours read
    • 5/5
      It is sooo good to analysis the range market.
      Thank you so much LaurentiuDamir.
    • 5/5
      It's practicable with the identification range process, boundary confirmation process, entry process, and money management process. It's a wonderful and simple to follow strategy.
    • 5/5
      practical and to the point, i can't recommend it for a truly beginners in fx , but if you have some experience in fx before and looking for really simple method, this book is for you!
    • 5/5
      I love all his books. He is simple and best.
      Paul
      Indonesia
    • 4/5
      nice book. very informative and well described. I liked it
    • 4/5
      Thank you. very helpful and precise. just the needed in practice to know
    • 5/5
      Straight to the point and every explanation was easily understood.
    • 5/5
      This was EXTREMELY helpful. I struggled understanding price action until I read this book.
    • 5/5
      Should be read in conjunction with "50 pips a day" by same author. Very useful in that there are illustration where he shows you examples. Helpful for beginner level understanding. Much of his explanations are also good for beginner understanding.
    • 1/5
      Thanks Damir for sharing your knowledge with us is great strategy, i encourage every trader to read this book

    Book preview

    Forex Range Trading with Price Action - Laurentiu Damir

    Forex Range Trading With Price Action

    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

    Introduction

    Spot a Trading Range Early with Price Action

    Trending versus Ranging Market

    Strong Impulsive Move

    Swing High-Swing Low Rule

    Identifying range boundaries early

    Trade Entry with Price Action

    Candlesticks

    Reversal Price Patterns

    Trend lines

    Trade Examples with Money Management

    Introduction

    It is well known and generally accepted that in about 80% of the time, the financial markets are moving sideways. If you are a day trader then you will probably not agree, but if you take the time and zoom out to a high enough timeframe you will find out that this is actually true. The financial markets just do not have it in their nature to make a new historic high or a new historic low too often. Most of the time they move up and down repeatedly, without going higher past the historic high or lower past the historic low. This is a range bound market.

    Ranging markets are the things that give the most headaches to forex traders. The majority of traders out there trade with the trend, they have a trend following system and they wait for that system to provide them signals or setups to enter into the market and trade. When the trend ends or stops for a period of time, those trend following systems start to give false signals and the trader has a good change unfortunately to lose all the profits previously earned. Or, in a best case scenario, they can judge for themselves when the trend has ended and just decide to play it safe and stay out of the market for a period of time. This is obviously better than the first option but it is still not good enough. A market moving sideways usually offers excellent trading opportunities as long as you are able to identify in a very early stage the trading range and then read the price action to enter and exit the market. The ability to recognize when the trend ends and a trading range is just beginning to develop can be the difference between success and failure in forex

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