Precision Pattern Trading

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Precision Pattern Trading by Daryl Guppy

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Precision trading in Daryl Guppy patterns

Charting patterns indicate to traders a high likelihood of trading opportunities, allowing them to accurately measure risk and reward. Charting patterns also capture the emotions of the crowd and identify emotional people who make pricing mistakes. But there are only a few easily recognizable chart patterns that appear with frequency. To find these patterns, we use classic chart analysis to improve our chances of successfully executing trades. This presentation begins with an overview of the classic chart patterns. Typically, textbook graphic models are easy to use. But this book challenges you to identify the pattern early on, set realistic price targets, identify risk, and then decide ahead of time how you will trade the opportunity. Many of the examples in the book are actual trades and show the actual chart as of the date Daryl Guppy recognized the pattern.

Test your pattern recognition skills with challenging workbook examples that include complete answers and explanatory analysis. In addition, you will learn how:

* Test your pattern recognition skills

* Determination of trading risk and reward

* Set precise entry points, stop loss levels and reward targets.

* Compare your answers to decisions as real trades develop * Build the confidence you need to trade real patterns rather than perfect examples from a textbook

* Use trade snapshot by Daryl Guppy as additional literature

* This video is in VCD format. It will play on both CDs and DVD drives. It will also play in most DVD players – check the manual to see if your DVD player is VCD compatible.

Forex Trading – Foreign Exchange Rate

Want to know more about the Forex market?

Foreign currency, or forex, is the conversion of the currency of one country into the currency of another.
In a free economy, a country’s currency is valued in accordance with the laws of supply and demand.
In other words, the value of a currency can be pegged to the currency of another country, such as the US dollar, or even to a basket of currencies.
The value of a country’s currency can also be set by the country’s government.
However, most countries freely exchange their currencies for the currencies of other countries, which keeps them in constant flux.

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