Chris Lori – High Probability Reversal Patterns
Dear Forexmentor Trader,
Big money on the forex is often made on major trend reversals.
An astute trader's ability to accurately predict the imminent tops and bottoms of his/her favorite currency pair... and patiently wait to cash in.
Pattern traders often refer to reversal patterns as "leading indicators".
As 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 Forexmentor 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 the price may bounce!
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 an interest to diversify their pattern trading opportunities. It is probably one of the most profitable patterns in trading
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