HIGH PROBABILITY FOREX PRICE PATTERNS For Valued Subscribers Only.. ( Profitable Forex Price Patterns Which Are Simple To Use & Proven To Deliver High Probability Results Even For Complete Newbies Starting Out ) www.forextradingempire.com
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Dear Valued Subscribers, Thank you for sparing some time to check out this special report that I have prepared for you. In this report, you will get to learn some of the Proven & High Probability Price Patterns that can be found on almost any charts of most financial instruments such as Forex, Stocks, Gold, Oil & such For you and me, we are of cause more interested in the high probability patterns found in the Forex market. Thus in this report, I will be sharing and illustrating the price patterns and it s formation - Specifically for the Forex market only. Learning how to trade based on High Probability Patterns is indeed very easy and at the same time can deliver very profitable results too Once you are more familiar with recognizing them. Most importantly, they are SIMPLE. And being Simple works! Too many traders are still struggling with too many trading strategies and combining way too many complicating indicators for their trades Which is a rather sad fact End of the day, they are only working in a more messy and complicating environments and so would tend to miss out on some of the good trading opportunities end of day. Trading based on Price Action would eliminate these problems most of the time and yet it enables traders get a better feel of the Forex market Especially the newbies starting out ( still blur and er..innocent..)
But Why Are These Patterns So Useful For Forex Trading? That s because.for any pattern to be formed; it relies on a particular market sentiment to be present ( Bullish, Bearish Or Neutral ) Market sentiment moves the market and when that happen, you and me can happily enter and ride on the trend for some profits then. In fact, if you don t know yet When a typical price pattern is being spotted on your charts.you can almost expect the price to move in an expected direction However, to increase the probability of success while relying on price patterns for our trades.. We ONLY enter after the market has gave us some hint of the direction it is heading ( the more dominant force between the BULL & BEAR ) Without much delay, let me show you what I mean. Read on Oh ya one more thing which I need to emphasize before I start cranking away with one pattern follow by another.. Do be informed that all the High Probability Patterns examples I am sharing later would be based on the currency pair USDJPY. I like to use this USDJPY for illustrations and examples ( even for my first report you downloaded days back ) It s because this currency pair is easy to trade and it tends to have good volatility too. It Moves! Ok let s continue with the High Probability Patterns
There are altogether 9 of such High Probability Patterns I choose to include in this report. They are by far some of the most simple yet proven patterns that are easy to detect using our naked eyes..( without any complicated and laggy indicators even ) Pattern #1 - Breakout After a Sideway Movements This is rather common before either the Japan market open ( 0000 GMT or about 8am Asian Time ). Or.before the USA market open ( 1200 GMT or about 8pm Asian Time ) What can you do when you spot this Sideway movements like this : Here s what you can do : 1) Draw 2 lines One on the Resistance & the other on the Support 2) Buy or Sell accordingly when the price break out from either one Like This :
Pattern #2 Continuation Of Trend (After Taking A Break ) If an UPTREND has already started previously. And when you look at the chart, it is in a sideway consolidation or taking a break You can then wait for the price to break out of the range to go in and BUY again
Like this : Although this applies to the Uptrend in this example.. But the same also applies to the Down-Trend too. Pattern #3 Double Top Formation ( Get Ready To Sell ) A Double Top is a very common formation for a Down-Trend and we can get ready to SELL. ( When previous Support broken )
Like This: The opposite of this formation would be the Double- Bottom formation. Which you probably can guess the direction too Uptrend is mostly the case. Pattern #4 - Double Bottom Formation ( Get Ready To Buy) When you see a Double Bottom formation It shows that the market is testing the Support again but failed Because sellers are not willing to buy below a certain price. And then the stronger force in place ( The Buyers ) enter and took control causing the price to surge upward causing a UPTREND. You Can Trade Double Bottom Like This :
Pattern #5 Bullish Flag ( Uptrend Continuation ) Learning to recognize a so called Flag has been proven to be very accurate Trend Continuation in forex trading. This is particularly true when a trend has started previously and when either a Bullish & Bearish FLAG is spotted It can almost give us the confidence of a Trend Continuation. For now, I shall share with you about the Bullish Flag Which emerge after a previous uptrend move.
This is how you can trade with the Bullish Flag : Pattern #6 Bearish Flag ( Downtrend Continuation ) Likewise for the opposite - Which is the Bearish Flag. It is usually spotted after a Down Trend has begun.. Here s how you can trade when spotted a Bearish Flag :
Pattern #7 Symmetry Triangle Breakout! Normally when a Symmetrical Triangle is spotted on your chart.. Most of the time a Breakout can be expected It could be a Trend Continuation.. Or breakout to the opposite direction sometimes..! Therefore to trade this, you will follow the direction of the breakout. Like This :
As you can see above, to recognize a Symmetrical Triangle formation.. The price would progressively Constrict into a narrow channel making an even smaller range.. When the price finally breakout OUT of the range, get in according to the direction. Pattern #8 Head & Shoulder Formation ( Get Ready To SELL? ) A Head & Shoulder formation is a typical SELL opportunity. It can also be known as one of the trend Reversal patterns. Generally takes longer time to form as compared to the Double Tops & Bottoms. But when it formed, you can grab this opportunity to Get Ready To Sell when the support broken
Here s how you could trade this formation : Last Pattern #9 Triple Bottom Or Inverse Head & Shoulders? ( Get Ready To BUY! ) This last pattern that I am sharing with you is a typical BUY pattern It can be interpret as either a Triple Bottom or An Invest Head & Shoulders by some Regardless of which.just take note that it is a set up for a UP-Trend. Which also means get ready to BUY ( when price broke above the resistance!)
Here s how you could trade this pattern : As can be seen from the screen- shot.once the price broke the previous Resistance The price surge all the way up showing a very strong Up-Trend. Trading both the triple tops / bottoms Or another similar Trend reversal patterns such as the Head & Shoulders are indeed simple Because they are rather easy to spot with our naked eyes. Just like the other patterns shared in this report, the key to mastering these High Probability Forex Patterns is to practice and train your eyes to recognize them.. By merely spending 15 20 minutes a day scanning the chart for these 9 set- ups that I revealed.. It is already good enough for you to master them as you progress through day by day.
Although these are not 100% accurate patterns.but if you are willing to spare a little time every day to train your eyes to scan for them And more importantly, train your eyes to filter off the FAKE ones. Over time.you can be sure that recognizing them would be a breeze. I know this truly well because when I started out trading Forex using these price patterns, I also have difficulty recognizing them Especially trying to filter off those fake breakouts. As I put into practice and spend about 15 20 minutes looking at the charts every day, the confidence and competency slowly build up till naturally. Practice Makes Perfect indeed! Do remember that although I am using the USDJPY as an example here. But these High Probability Patterns are happening almost daily across all the other 15 20 currency pairs too It is just a matter of how many of them you want to focus on. For myself, I do not like to involve too many pairs but 2-3 works very well for me and it makes my judgment more accurate. Nothing beats scanning for these patterns yourself and then trade them using a DEMO account to know the strengths and weakness of these patterns. As you get confident using them over time.you can then decide to use these patterns for you Live trades if you want.. I for one would prefer these Simple Yet Proven Price Patterns for my own Live Trades anytime Over those messy and complicated indicators. So much for this report...i shall end here for now.
Thanks for reading this far and give yourself a pat on your shoulder for doing so. * smile * I hope you would benefit from this Forex Price Patterns in the days to come. Do keep a lookout for my email regularly as I would be sending even more trading strategies and tips to help you succeed. Till then To Your Forex Success, Aaron ( your trader friend ) http://www.forextradingempire.com The End