Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets
$19.85
Forex Patterns & Probabilities is a systematic, probability-driven guide to trading the foreign exchange market using repeatable price patterns and market-condition logic. In this book, Ed Ponsi focuses on one of the most critical yet misunderstood aspects of trading: aligning strategy with market environment. Rather than promoting a single “all-weather” system, Ponsi demonstrates how trending and range-bound markets demand fundamentally different approaches.
The book breaks down how price behaves when markets trend versus when they consolidate, and how specific technical patterns perform with higher statistical reliability in each environment. Ponsi emphasizes clarity, structure, and execution discipline—teaching traders how to recognize market state first, then deploy the appropriate setup with defined risk and realistic expectations.
A key strength of this work is its focus on probability, not prediction. Patterns are presented as conditional opportunities, not guarantees. Through clear examples, Ponsi explains how to frame trades where edge is derived from context, confirmation, and asymmetrical risk-to-reward, rather than forecasting future price movement.
Beyond pattern recognition, the book also addresses position sizing, stop placement, and the psychological discipline required to execute probabilistic strategies consistently. The result is a professional-grade trading framework that helps traders reduce randomness, improve decision quality, and operate with confidence in both trending and non-trending forex markets.
✅ What You’ll Learn:
- How to objectively identify trending versus range-bound market conditions.
- High-probability chart patterns suited specifically for trending markets.
- Reliable setups designed for sideways and consolidating environments.
- How probability and expectancy shape long-term trading performance.
- Risk management techniques aligned with pattern-based trading.
- How to avoid forcing strategies into unsuitable market conditions.
- How to build a structured forex trading plan based on market behavior.
💡 Key Benefits:
- A probability-based approach to forex trading grounded in market structure.
- Clear separation between trend strategies and range strategies.
- Reduces overtrading and poor entries caused by misreading market conditions.
- Enhances consistency through repeatable, rules-based setups.
- Suitable for traders seeking discipline rather than indicator complexity.
👤 Who This Book Is For:
- Forex traders seeking a context-driven, probability-based framework.
- Intermediate traders aiming to move beyond random pattern trading.
- Traders who struggle with switching strategies in different market conditions.
- Serious retail traders focused on consistency, discipline, and expectancy.
📚 Table of 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
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Intermediate to Advanced |
| Pages | 268 |
| Publication Year | 2007 |
| Delivery | Instant Download |
16 reviews for Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets
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Briar Cortez (verified owner) –
If you have some experience trading, this book will be immensely helpful. I found more than a few good trading tactics in here. Sometimes we notice patterns on our own, and it’s good to have someone with experience like this confirm it.I believe study is the key to success in any endeavor. This book is easy to read and you will be amazed at the insight you will gain as to the internal workings of the forex markets. The author presents a variety of workable trading methods, I think it is important to decide on what method makes the most sense to your trading style. I would recommend the purchase of this book to any serious person who has decided to “pull the trigger” and start a future in trading.
Ada Stephens (verified owner) –
I love the way this book is written, so many traders simply aren’t good writers, Ed is definitely an exception.I can’t help the feeling that traders are making everything more complicated than it needs to be, and Ed Ponsi offers a refreshingly simple series of strategies in this book. The tone is very conversational, as if discussing trading with a good friend who happens to know a thing or two about a subject you find interesting. If I could just have one trading book this would be it, thanks Ed
Kristian Fuller (verified owner) –
This is an excellent book. All strategies are well delineated. Enough detail is provided. I was taking a long distance forex class which did not help. However, this book explained the strateges very well and I was making between 100 to 200 pips a month. The multiple time frame trading strategy and Fx-Ed technique are especially suited to my lifestyle. Excellent book highly recommended.
Khalani Phelps (verified owner) –
i bought this book about a year ago, and have to say is way overpriced, read “Trade your way to financial freedom” van tharp is hundred times more useful. This book has a couple of good ideas, and helpful for newbies, but definitely a waste of time and money for the advance trader, makes you wonder if Ed Ponsi ever got any profits at all from trading.
Oakley Sparks (verified owner) –
A book written by someone like Ed Ponsi, might be expected to bring more advanced and high-end techniques or know-how. A piece of writing which cannot be blamed for anything in particular, but the impression is: the book is telling me really nothing innovative or new. This is my book #6 on FX trading purchased recently from Sacred Traders, definitely the weakest one. Pick something else, instead.
Zayn Mayo (verified owner) –
I found this one of the easier to read books on the topic that would sufficiently take a beginner through what they need to know to get started on the trade while also reinforces trading rules and mentalities for discouraged day traders suffering a losing streak (ah-hem… not anymore).
Having finished it for over a year now I find myself referring back to the various strategies in the book in many occasions when trying to figure my own trading system; I thoroughly enjoyed Ponsi’s strategies and I believe fellow traders would also find them very applicable.
If you are after a heavy duty forex book that covers complicated economics and dwells heavily into indicators this is not for you. Within the same genre, I would rate this book higher than Lien’s Day Trading the Currency Market.
Messiah Zamora (verified owner) –
It is important to disclose to the readers of this review that I have little experience trading Forex. I traded options and stocks successfully and profitably for several years, however trading Forex remained a mystery to me. What peaked my interest in trading Forex is the level of success some of my friends had doing it. As one of my trader friends explained, with stocks you have thousands of choices to weed through but with Forex choices are limited, which allows the trader a more thorough analysis of trade opportunities.
I picked up this book to learn the basics of Forex, and found it useful in that it covers the information in clearly defined separate sections. The first section covers the basic language of Forex trading in a manner relatable to trading stocks or options. Another section of the book lists the main trading strategies employed in Forex , in a similar manner that some option books list the available option trading strategies. This approach was very helpful to me in that it is similar to the way I learned to trade options. A third section of the book focuses on condition based strategies that are often used by hedge funds to trade unique market conditions. The last section focuses on psychology , but it was unique in that it concentrated on emulating successful traders rather than loss control, that many stock trading psychology books concentrate on.
One important fact about this book is that it contains a lot of charts, which to me is a positive, especially since the author uses these charts to explain implementable ideas that the reader can use. The author is also able to explain a complex highly technical subject in a reader friendly manner which is also positive.
Sierra Andrade (verified owner) –
Very good book for for technicals, a must to read charts.
Luciana McIntosh (verified owner) –
Does what it’s supposed to.
Elsie Morton (verified owner) –
Good easy read,
Allan Rice (verified owner) –
Ed Ponsi was my forex instructor for a summer 2015 class with Online Trading Academy. He was an enjoyable classroom teacher, and only on the last day of class did he modestly mention in passing that he had written a book on forex strategies. It was not until a few months later, frustrated with stop losses in my demo account, that I bought his book and began to implement suggested strategies. What Ed didn’t tell our class is that he is a master chartist who frequently appears on CNBC, Mad Money, and other investment shows. His book has taught me how to use the ADX and EMAs to identify genuine trends; Fibonacci retracements to enter trending price moves and set targets/stops/exits (alone worth the price of the book); flags and pennants to set and enter trades; as well as many other strategies. He offers a nifty scalping strategy for the EURUSD (between close of the US market and open of the Asian market) that potentially can yield frequent profits, although lately that currency pair has been so range-bound that his suggested targets and stops need to be modified. In short, his book has turned my trading around, resulting in daily profitability and at least 30% fewer stop losses. Several older reviews complain about his conservatism and the fact that many of these strategies may not be new. In my mind, using tested strategies in a responsible way is precisely the main selling point of the book for the beginning trader. Successful trading is first about preventing losses and containing risk, and only second about making money. Profitability follows good risk management, and Ed understands this equation perfectly. His book can give any open-minded trader better understanding of risk and the technical tools and mindset to achieve profitability in forex trading.
Drake Ashley (verified owner) –
Thank you for this book also. Years ago when my brother gave me the dvd’s I wrote everything down. And now I have it in book form. Thank you for this. You have a way of explaining things in a way that I can understand it.
Roland Ochoa (verified owner) –
Ponsi keeps it simple. That’s what I needed. Just keep it simple and nip your losses quickly. Sure, everyone says that, but Ponsi says it in a different way. And he’s a very profitable trader so what he says should be listened to.
Abdiel Arroyo (verified owner) –
This book is terrible, doesn’t explain price action, just says look at he indicators and make an entry off the indicators, any intermediate trader knows that this doesn’t work. Useless and a waste of time
Aarya Glass (verified owner) –
Not sure if works
Hamza McKenzie (verified owner) –
I attended OTA’s Pro Forex course back in Nov 2015. I have come close to trading full time twice. My highest monthly gains were north of 25% a month near the end of 2017. I learned that the pressure of success is worse than failure when you are an undisciplined trader trying to recreate fraudulent gains achieved using reckless risk management!
Fast forward to January 2021 I still have a hard time remaining disciplined at times in this market. The losses can be brutal, but when you take a $1000 profit it is better than anything you could ever imagine…
I promised myself that this is the year that I truly become a Pro Trader, and stop being a Pro Gambler… When you are a good enough trader to spot opportunities in the market to offset your reckless behavior you are at a crossroad…
This is why I finally purchased Ed Ponsi’s book. I want to fix the broken pieces that are hiding in my trading methodology as well as add new tools to my trading tool box. This book has taken care of both of my goals…
The information is great and I encourage all traders to take advantage. When you add the author’s process to a solid foundation, the changes will be immediately noticeable. Mr. Ponsi’s trend filters are worth the price of the book and can help you combat revenge trades and tunnel vision when going through your trading plan.