My search for a parabolic SAR strategy is over, now that I have found this one. It seems to work really well so far, but be warned, even the original author of the Parabolic SAR indicator (Welles.J.Wilder) suggested that it should only be used in trending markets. For this reason I think adding Renko candles […]
Over the years I’ve seen hundreds (if not thousands) of newbie traders on message boards following simple trading systems that are based on lagging indicators. Because these systems are so simple to understand they are like a magnet anyone who is new to trading. The usual systems which people try to trade are often based […]
If you have been day trading for a while, and regularly using charts, it’s pretty certain you have used or come across Fibonacci retracements before. In most charting platforms you’ll find this tool located around with the trend lines options. The Fibonacci retracement tool is usually very easy to use, by clicking on a low […]
Depending on the type of daytrader you are, you may (or may not) find this fast-moving, high risk trading system useful. It goes without saying that trading on a one minute chart is only viable if you are in and out of a position quickly. Taking on a strategy in this time frame means taking […]
So you want to earn your money day trading the markets? You’re not the first person, and you certainly won’t be the last. It’s a lucrative business that contains a lot of risk, but a hefty reward for those who can get it right. The reason why am writing this is that I see many […]