4 Keys to Profitable Forex Trend Trading: Unlocking the Profit Potential of Trending Currency Pairs

by Christopher Weaver

Overview

The forex market is huge, and the potential to make money from it immense, but how should you structure your trading in order to profit from it? Technical analyst Christopher Weaver shows you how to improve your trading of trending currency pairs using trend lines, channels, Fibonacci retracements and symmetrical triangles.

These are the four keys to making money trading forex. And this is no surface guide; the author explores in-depth how every key works, why they are useful, their different variations, and, most importantly, two practical strategies for each which take full advantage of their strengths.

The concepts behind the keys can sound mysterious, but Christopher lays bare their workings with plain English and sharp insight. Fully illustrated with charts and examples, this is a unique and essential guide to making successful trades in the most exciting market out there.

Product Details

ISBN-13:	9780857190895
Publisher:	Harriman House
Publication date:	01/30/2012
Pages:	188
Product dimensions:	6.90(w) x 9.50(h) x 0.50(d)

About the Author

Christopher Weaver is a technical analyst who has spent extensive time trading and studying the trends and movements of the Foreign Exchange Market. He believes in making trading accessible to anyone willing to commit the time and effort needed to master this Market and has personally mentored hundreds of new traders. As well as having written books and trading manuals on the subject, Christopher speaks around the world about forex trading.

Christopher divides his time between London, where he teaches Advanced Trading Courses for one of the largest Trader Training Centres in the world, and his home in rural Wiltshire, where he lives with his wife and their three young children.

Table of Contents

Preface Introduction Key 1 - Trend Lines The Theory - Primary strength: tells you whether to buy or to sell - Some practicalities - Basic trend line characteristics - Trend line types - Trend line projection Entry and Exit Strategies 1. Trend line bounce strategy 2. Trend line break strategy - Key 1 Summary Key 2 - Channels The Theory - Primary strength: creates a trending range - Channel characteristics - Channel types - Channel zone projection Entry and Exit Strategies 1. Channel bounce strategy 2. Channel break strategy - Key 2 Summary Key 3 - Fibonacci Retracement Levels The Theory - Primary strength: reveals hidden support/resistance levels - Fibonacci retracement level characteristics - Fibonacci types - Overlapping Fibonacci levels Entry and Exit Strategies 1. Fibonacci bounce strategy 2. Fibonacci break strategy - Key 3 Summary Key 4 - Symmetrical Triangles The Theory - Primary strength: clear message - indecision - Symmetrical triangle characteristics - Symmetrical triangle types - Symmetrical triangle zone projection Entry and Exit Strategies 1. Symmetrical triangle bounce strategy 2. Symmetrical triangle break strategy - Key 4 Summary Using the Keys Effectively Which currency pairs should we trade? The trend strength of the cross rates The locked chart Multiple key confirmations Examples of multiple key confirmations Conclusion Index