Forex Patterns and Probabilities by Ed Ponsi



The book will provide strategies to capitalize on the trading opportunities offered constantly in the foreign exchange market. Leading trading educator Edward Ponsi will explain the driving forces in the currency markets and will provide strategies to take advantage of markets that are trending in one direction and markets that are traveling in a trading range. He will show how to join an existing trend; how to trade a breakout from a period of congestion, and how to recognize patterns that denote a continuation of the existing trend. He will demonstrate strategies to determine when a market is at the end of its range and is positioned to re-trace its recent direction. Each strategy includes precise entry and exit points, including where to take profits and where to take losses. Most importantly, the author shows how to add to a good trade in order to maximize profits. The book will be written in a down-to-earth manner and will be relatively free to technical jargon. The author will discuss personal experiences when trading the actual decision-making process he uses when evaluating the market and placing trades.

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