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Trade the Price Action - Forex Trading System, by Laurentiu Damir
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Trade the Price Action
- Forex price action trading system with over 90% winning rate
- Low Risk-High Reward Trading
- price action trends
- support and resistance
- fibonacci retracements
- candlestick patterns
- The book describes in great detail with chart examples a personal forex price action trading system that has a winning rate of over 90%. It is a complete forex strategy with clear entry,exit and stop loss rules. The risk-reward ratio for all trades done with this strategy is at least 1:3 for every trade
- All a trader has to do is follow the rules of this price action system. This book contains all the information a trader will ever have to learn and master to be successful in the foreign exchange market. You do not need technical indicators,you do not need expensive robots to trade for you,all you need to be a very good trader is a simple chart and the trading system this book describes
- Read it, learn it, respect its rules and you will have no problem in achieving success in the financial markets. If you require further details feel free to contact me at damirlaurentiu@yahoo.com
- Sales Rank: #62001 in eBooks
- Published on: 2012-05-20
- Released on: 2012-05-20
- Format: Kindle eBook
Most helpful customer reviews
14 of 16 people found the following review helpful.
Excellent Price Action Strategy!
By Chris Diamond
This is one of the best price action strategies that I've seen around here. It's extremely logical as the author does a good job explaining what purpose every component serves, very well structured and comes with many detailed examples therefore it is relatively easy to understand and put in practice.
After I read it I had the curiosity to back test it to find out exactly how good it really is. I did that on a couple of pairs over a short time period and out of 14 trades that I could find, only one ended up with a very small loss because of a short price spike. The rest of them were all winners, the majority of them with at least 100-150 pips of profit.
Very profitable trading system, it has improved my trading considerably and I strongly recommend it to anyone seeking to learn how to trade with price action and become a profitable trader.
7 of 8 people found the following review helpful.
Professional System
By piggypips
As a professional full-time forex trader I can confidently say in terms of systems this is about as good as it gets. This system will take patience as you will not be trading day in day out and is against what is popular. What is popular in this industry is invariable wrong. The marketers and brokers in this business want you to over trade and have absolutely zero consideration for your profitability so long as you are constantly trading from which they can make money off of you. Ultimately it is not the system that will make you wealthy as most of reading this may probably know. However if you use this system with patience, discipline and say a money management system of 2:1 leverage or 2% of your available margin only on a 100:1 margin account you can make consistent profits without the emotional roller coasters that we experience with high leverage.
Trading is really simple and this system shows it how it is. As human beings we get carried away with over-complicating stuff even if what simple works. That is the issue. If you are looking for a relaxed profitable system this is one that will provide and then you can get on with developing yourself to trade it the way in which it is designed at which point you will create your own luck.
15 of 19 people found the following review helpful.
Thank you Laurentiu
By Kenny
This is one of the best investment I've made and Laurentiu is a GREAT GREAT guy!
OK let's talk a little bit about the system:
- It is simple
- The book is very well written (there are some spelling mistake, but its not a big deal)
- ONE indicator is used (EMA200) and thats all!
- Usually risk around 50-100 pips for a total amount of 250-600 pips. (GREAT R:RR!)
As for the reliability of the system, well I am still backtesting it... So far from my backtest result of 2 years now its giving me an accuracy of 80%
But hey, for $8 I think its definitely a STEAL!
And if you have any question, Laurentiu is always in his FB ready to answer your question!
He is a good friend to have and a GREAT teacher that is willing to share without hesitating.
Regards,
Kenny
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