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ForexMentor - High Probability Reversal Patterns


ForexMentor - High Probability Reversal Patterns

In this audio/video course, Chris shares six of the most effective reversal patterns that occur frequently in the Forex market. Three of these techniques are Chris? own unique findings. They deal specifically with high probability patterns and characteristics in the forex market and can be traded on all timeframes from 5-minute to weekly charts!
In addition to the six patterns, Chris has included a special bonus in which he shares with you the specific tools he uses to predetermine the pattern probability and potential.
Here’s a List of Reversal Patterns we will cover:

Pattern #1. Triple B Reversal - This is one of Chris own discoveries. It is a unique formation that occurs following a steady trend. It is a true indication of overbought/oversold, because it is distinctly reflected in PRICE ACTION (not an indicator) and uses Fibonacci applications to find low risk entries

Pattern #2. The Rip Tide Reversal - One of his favorites, because it can pay quickly, Chris and his former fund manager partner discovered this one trading GBP. It considers specific previous dealing points and Fibs while combining daily range and volatility to pick the entries.

Pattern #3. Head and Shoulders - Now we know everyone in trading knows this one AFTER THE FACT. The key to trading this pattern is to get in at the tip of the right shoulder and take some profit BEFORE the neckline, while keeping some for the follow through. Chris shows you distinct characteristics to look for to find your ideal entry at the height of the right shoulder.

Pattern #4. Lori P38 Reversal - This pattern is found in unique key reversal scenarios and is less common. Following a key reversal move, this pattern gets you into the second leg, which is often a substantial move.

Pattern #5. The Gartley Pattern - This is an age old Fibonacci based pattern that can present itself in many forms. This pattern can seem very complicated or difficult to find, Chris simplifies it and shows you exactly what to look for using key visual aspects involving Fibonacci retracement and extension levels, along with range, in some cases. As there are many variations of this pattern, Chris makes this pattern simple.

Pattern #6. The Butterfly Pattern – Discovered by Larry Pesavento, this is a more advanced high probability false breakout pattern that Chris has added to the course for those who have the interest to diversify their pattern trading opportunities. It is probably one of the most profitable patterns in trading.

This product was added to our catalog on Friday 12 August, 2011.