I'm a sucker for a fast moving trend trading system. I get bored watching long time frames, and like to be in and out quickly. So here is an idea I picked up along the way that is a really fast moving trend scalping system. Now, please be aware, to be successful with this system you really do have to be in and out fast! No holding for greed... No "what if I caught the … [Read more...]
Trend Following Strategies: Indicators That Can Keep You In The Trade
While I never recommend using indicators as the sole method to determine an entry point, once you are in a trade there are some useful indicators for trend following which can help filter out the noise and fluctuations as trade begins to develop. Here are some indicators and ideas to help you stay in a trade once you have entered in the direction of the trend. Oracle Move … [Read more...]
Parabolic SAR Strategy For Catching Trends – Awesome!
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 to the chart will help filter out the noise, and intraday … [Read more...]
Lagging Indicators? Why You SHOULD Not Use Them Alone For Trading
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 on the most common lagging indicators found in any … [Read more...]
You Don’t Use Fibonacci When Trading? Are You Blind?
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 and dragging the mouse to a high which places the … [Read more...]
Day Trading System For Scalping 1 Minute Charts
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 on a degree of risk, which can only be negated by using a super solid stoploss and take … [Read more...]