Laurentiu Damir's 50 Pips A Day Forex Strategy PDF

By Laurentiu Damir

50 Pips an afternoon currency Strategy

  • Start making constant gains within the currency market

Components

  • Support and Resistance
  • Candlesticks
  • Moving Average
  • Timeframe - four hours chart

Summary

  • This is a really transparent and easy to persist with foreign currency trading technique to get you begun reaching constant earnings each day buying and selling the currency marketplace. it'll make you 50 pips in step with day or extra on a daily basis. it truly is perfect for amateur investors however it will provide loads of support to more matured investors that experience now not came upon a transparent technique to make earnings consistenly
  • It is simple to appreciate and to install practice.
  • It has rather well outlined access, cease loss and go out degrees.

How to construct an outstanding buying and selling System

Apart from the tactic, this booklet additionally features a very beneficial advisor that teaches you ways to build a ecocnomic foreign currency trading procedure for your self and the way to prevent buying and selling and cash administration mistakes

Are you new to foreign currency trading or simply began to exchange on a stay account yet with no longer a lot luck ?

  • You desire a strong foreign currency trading process in keeping with sound rules of the foreign money industry, that has transparent buying and selling and funds administration rules

Do you could have a foreign currency trading method and you've got been buying and selling with it for a time period yet nonetheless you do not have the good fortune you was hoping for ?

  • This can basically suggest that your buying and selling approach doesn't take into consideration the elemental buying and selling principles and rules that any strong foreign currency trading procedure incorporates

This publication teaches you ways to build your individual robust foreign currency trading method, what are an important foreign currency trading instruments you have to comprise in it, what to not contain on your foreign currency trading process, the best way to follow stable funds administration principles and equaly vital, how one can steer clear of making buying and selling error that might fee you if you begin to alternate together with your newly built currency method. when you require additional information be happy to touch me at damirlaurentiu@yahoo.com

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Extra resources for 50 Pips A Day Forex Strategy

Example text

From the beginning of the retest, buyers had no problem pushing the price up which you can clearly see by those big consecutive bullish green candles. When price got the resistance level, the situation changed. As the main trend was down, sellers were in control of this pair and they were just waiting for a more advantageous level to sell again this pair and resume the downtrend. These advantageous levels are always situated at a support or resistance level. It can be horizontal support/resistance, it can be diagonal like the ones we are discussing, it can be a Fibonacci retracement level, which also acts as support and resistance, it can be the 200 period moving average on the daily chart or it can be a combination of some or all of the above.

This is why you would have to disregard that first red candle as a signal to sell candle. It comes way too early, the retest has to be bigger two candles. If this would have been the 5 minutes or the 15 minutes chart, and the resistance level developed in 3 hours or so then yes, the retest could have been composed of just two candles. Still, this is a very important resistance on the 4h chart that took days to develop; the retest will more than likely be bigger than two candles. After this red candle, we see that there are additional candles that just stagnate around that area completing the retest of the resistance level.

This is why you would have to disregard that first red candle as a signal to sell candle. It comes way too early, the retest has to be bigger two candles. If this would have been the 5 minutes or the 15 minutes chart, and the resistance level developed in 3 hours or so then yes, the retest could have been composed of just two candles. Still, this is a very important resistance on the 4h chart that took days to develop; the retest will more than likely be bigger than two candles. After this red candle, we see that there are additional candles that just stagnate around that area completing the retest of the resistance level.

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50 Pips A Day Forex Strategy by Laurentiu Damir


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