Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets

Forex Patterns & Probabilities provides traders with step-by-step methodologies that are based on real market tendencies. The strategies in this book are presented clearly in great detail, so that anyone who wishes to can learn how to trade like a professional. It is written for the new or experienced trader who needs specific, useful information to trade the Forex market.

Introduction:

Forex Patterns and Probabilities begins with a whirlwind tour of life on aWall Street trading desk, as the reader is transported to the exhilarating world of professional trading. Then, the author explains the “playing field” of the forex market, using powerful metaphors that relate trading scenarios to situations in everyday life. Now that the reader has been sufficiently prepared, Ed unleashes several specific trading strategies designed for trending markets. Trends create some of the most highly profitable trading situations, and the reader is given an arsenal of specific techniques to profit from them.

Ed’s detailed explanations, backed by over 160 chart images, will leave no doubt in the mind of the reader exactly what the author is doing, and why he is doing it. Ed shares every part of his thought process, leaving nothing to the imagination. Next, the book delves into a variety of trading techniques, all based on unique market tendencies. The author introduces the reader to the Ultimate Indicator, and the Keys to Intraday Breakouts. He then explains the proper usage of Triangles and Filters, and demonstrates the correct way to trade consolidation patterns such as Flags and Pennants.

The dozens of chart examples and explanations allow the reader to “look over the shoulder” of a professional trader, hard at work at his craft. Next, Ed introduces the volatility-based “Squeeze Play,” and two day-trading techniques called the “Round Trip” and the “Boomerang.” Yet another strategy, the “Interest Rate Edge,” shows the reader how to trade like a hedge fund, revealing the techniques and philosophies used by the “smart money” to make fortunes.

Armed with this impressive arsenal of strategies and techniques, the reader is now presented with the means to turn this knowledge into power and profit. In “How to Achieve Spectacular Gains,” Ed shows exactly how professional traders make big money consistently, year after year. He then demonstrates the practical use of game theory in forex trading—a subject of immense importance, and a key to trading success. In “What You Don’t Know Can Hurt You,” Ed gives an insider’s insight into the pitfalls of forex trading and how to avoid them. Then, in “A Tale of Two Traders,” the reader learns how to emulate the behavioral patterns of successful professional traders and how to escape the mind-set of the amateur.

Contents:

• Getting Started in Forex
• All About Forex
• Technical Analysis and the Forex Market
• Things You Need to Know Before Trading Forex
• Understanding Trends and Tendencies
• The Anatomy of a Trend
• Forex Multiple Time Frame Strategy
• The FX-Ed Trend Technique
• The Ultimate Indicator
• Keys to Intraday Breakouts
• Flags and Pennants
• The Squeeze Play
• The Round Trip
• The Interest Rate Edge
• The Boomerang
• How to Achieve Spectacular Gains
• The Forex Playing Field
• Trading Lessons from Life
• What You Don’t Know Can Hurt You
• A Tale of Two Traders

Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets By Ed Ponsi pdf