Day Trading Forex with S&R Zones - Forex Trading System by Laurentiu Damir

By Laurentiu Damir

Day buying and selling currency with aid and Resistance Zones

  • Forex expense motion Day buying and selling approach to make a thousand pips monthly with
  • Low hazard - excessive gift buying and selling (1:3 Risk-Reward ratio)
  • Clear access, cease loss and go out levels
  • Timeframes used: 1hour and 4hour

Components

  • Moving averages
  • Support and resistance levels
  • Price patterns
  • Trendlines

If you require additional information be happy to touch me at damirlaurentiu@yahoo.com

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Extra info for Day Trading Forex with S&R Zones - Forex Trading System

Sample text

In the end I would like to apologize if I sound a little to rigid in my explanations and if there are any misspellings. English is not my first language. I am doing the best I can. Thank you. If you find that this adds value to your trading please consider writing a review of the book on Amazon. It does not have to be long, just a few words to state your opinion about the trading system presented in order to help other people make more informed decisions. com and you will receive the PDF version of this e-book so that you can read it more easily and print the contents on paper if you want.

You may ask yourself why to trade on the 1h chart and not the 5 or 15 minutes chart. Day trading is not about entering trades on the smallest timeframe possible. The smaller the timeframe the less accurate your trading setups will be and the more losing trades you will have. For a trade setup to be a winner it must hold significance within the overall picture. A support or resistance level on the zoomed out 1h chart has far greater importance than one on a smaller timeframe, therefore it has much greater chances of success.

Notice that the moving average is way down, the trend line always gives you a much better exit level. So, when exiting a trade you must first look for a wedge, in the majority of cases you will find one, but if you don’t then draw a trend line. If you cannot draw a trend either then use the moving average break to exit the trade. To conclude this trading system let’s recap what you should do: Plot the 200 EMA on your chart. Look at the 4h chart and see if the pair is trading above or below the moving average and if the slope of this moving average is up or down.

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