Big money on the forex is often made on major trend reversals for those astute traders who are able to accurately recognize patterns and the probable tops and bottoms that often follow these "leading" indicators.
High Probability Reversal Patterns OverviewAs a a professional discretionary trader, Chris Lori takes the majority of his Forex trades using these pattern methods.
It is vital for you to master and be totally confident in recognizing and trading these reversal patterns. To help you, our resident pro trader, Chris Lori has compiled this new and exciting educational resource for the Pro Traders Club members.
I ache to see how so many Forex day traders get caught up in momentum systems. If they like indicators, that’s fine, but it is very important to understand range and volatility. Momentum traders “chase price,” while pattern traders hit it head on and usually take first profit before the momentum trader gets their four confirmations before getting in, only to find price pull back and stop them out. - Chris Lori
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.
Because a pattern without guidelines is all after-the-fact!
Chris will show you how to use Fibonacci time and price analysis to help you see in advance (that’s why patterns are called “Leading Indicators”) where to enter a trade, so you know IN ADVANCE where price may bounce!
A note from Chris ....
I am a very active pattern trader and these are the patterns that I trade, it’s that simple. I am not teaching you something I don't use. I also include in this incredible educational resource many little known nuances of the Forex market that must be taken into consideration in order to trade patterns successfully. I trade patterns because they are leading indicators. I have a very good idea well in advance of a move that the move will happen. I trade what I see, not what I think. It keeps the ego in check. Patterns are one of the best ways to align this tendency. Patterns are also simple to trade. Once you understand what to look for, you will begin to see countless patterns and decide which your favorites are.
(note: To request a refund of the online version of the course, you must contact us within 24 hours of your initial purchase. There will be a $99 non-refundable fee for the online course)
Each pattern is illustrated and clearly explained in the following steps:1. Theory of the patterns
2. Examples of each pattern
3. Simulated walk thru’s of each pattern.
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.
By the end of the course, you will have all the knowledge required to take advantage of these frequent and highly profitable reversals on the forex market. You will also learn what pattern traders look for and how they manage to predict tops and bottoms with high degree of accuracy.