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Description of 4 Keys to Profitable Forex Trend Trading

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.

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Title Information

ISBN:

9780857190895

Pages:

188 pages

Format:

Paperback

Product Code:

601193

Publisher:

Harriman House

Published:

30/01/2012

Edition:

1st Edition

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About Christopher Weaver

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.

Contents of 4 Keys to Profitable Forex Trend Trading

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