Click here for more information on range trading
http://www.netpicks.com/simple-range-trading-strategy/
Here is some information on range trading:
It’s been said that a market only trends 30% of the time.
I can’t quantify that figure but having a range trading strategy to take advantage of the other 70% is good business.
Range trading is not difficult however it does require discipline and a method of determining when a trading range is in play.
For more information on range trading click here:
http://www.netpicks.com/simple-range-trading-strategy/
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
Stop Trading Support And Resistance The Wrong WayNetpicksTrading
Stop Trading Support And Resistance The Wrong Way
- See more at: http://www.netpicks.com/support-resistance/
Support and resistance trading is a popular technical analysis method of trading. The bad part is that many traders enter trades blindly at these levels without a firm understanding of what they mean.
Learn about trading support and resistance and see if your trading results improve.
- See more at: http://www.netpicks.com/support-resistance/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
support, resistance, support and resistance trading, reversals, trend
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
Stop Trading Support And Resistance The Wrong WayNetpicksTrading
Stop Trading Support And Resistance The Wrong Way
- See more at: http://www.netpicks.com/support-resistance/
Support and resistance trading is a popular technical analysis method of trading. The bad part is that many traders enter trades blindly at these levels without a firm understanding of what they mean.
Learn about trading support and resistance and see if your trading results improve.
- See more at: http://www.netpicks.com/support-resistance/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
support, resistance, support and resistance trading, reversals, trend
Would you like to learn secrets of price action trading which is used in every day trading by a 15 years trader? Continue reading on to learn real examples of how price action trading works on Forex, stock futures and gold charts!
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.
“Forex Trading Strategies” is a complete guide of most popular and widely used strategies in Forex trade. You can read about day trading and its main types, understand the strategies based on market analysis, learn about portfolio and algorithmic trading, and many more. The book represents the ins and outs of each strategy - why and how it is used and how to get profit from trade. It is suitable for all traders who are novice in trade or want to improve their skills. All the strategies classified and explained here are for educational purposes and can be applied by each trader in a different way.
The best swing trading strategies are the ones that allow you to trade and profit from your beliefs about the market. I have added some of the most popular swing trading indicators as a guide for you to explore. The swing trading indicators listed here focus on trend trading, volatility, and overbought/oversold conditions.
Forex Trading - How to Create a Trading StrategyBlueMax Capital
Forex trading how to create a trading strategy. The Forex Fundamental Analysis, Technical Analysis, Risk Management, Rules Successful Forex Traders Follow and Reasons Why Forex Traders Fail.
Profit from trapped traders with 2 simple setupsNetpicksTrading
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
The concept of trapped traders is a simple one to understand.
While there are two forms of trapped traders, I only want to focus on one.
The trader who is trapped in a losing position.
These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits.
Issues Of Trapped Traders
The fear and panic by those who enter a trade only to find the market going against them can cause a sudden burst of price movement. This movement in price is caused by these traders exiting their positions and creating order flow in the opposite direction from which they entered the trade.
Whenever you look at the high of a green candle, picture someone hitting their buy button and entering the trade. Flash forward to the next candle being a red momentum candle and that trader who bought the high, is trapped.
To exit, they have to sell.
See more at: http://www.netpicks.com/trapped-traders/
1. THE BEST STRATEGIES THAT CAN BE USED WHEN TRADING
2. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG with THE TREND AND THE LAST CANDLES IS THE LONG WICK CANDLES, IT MEANS THE PRICE POSSIBLY GOING REVERSAL
3. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG, with THE TREND, IT MEANS THE PRICE POSSIBLY GOING REVERSAL.
4. BULLISH CANDLES STICK ( BULLISH ENGULFING) AND BEARISH CANDLESTICK ( BEARISH ENGULFING)
• ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• GREEN CANDLES MEANS THE BULLISH PRICE ACTION
• THREE GREEN CANDLES ALONG THE UPTREND, THEN NEXT CANDLES BECOME RED CANDLES AND THE RED CANDLES APPEAR AT THE RESISTANCE
5. ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• RED CANDLES MEANS THE BEARISH PRICE ACTION
• RED CANDLES ALONG THE DOWNTREND, THEN NEXT CANDLES BECOME GREEN CANDLES AND THE RED CANDLES APPEAR AT THE SUPPORT
6. CANDLES PATTERN THAT WORK IN TRADING
• LONG WICK CANDLES
• INSIDE BAR CANDLES
• MOMENTUM CANDLES
• MULTIPLE CANDLES REJECTION
7. LONG WICK CANDLE
• THE LONG WICK CANDLE IN THE PICTURE REPRESENTS THE SELLERS TRIES TO PUSH THE PRICE DOWN BUT FAILED, SO THE WICK TO STICK OUT.
• AS YOU CAN SEE IN THE PICTURE, IN THE DOWNTREND, THERE HAS THREE RED CANDLES, THEREFORE ONE GREEN CANDLES AND THE GREEN CANDLES REPRESENT THE LONG WICK CANDLES, SO MEANS THE PRICE ACTION GOING REVERSAL.
8. INSIDE BAR CANDLES
• THE HIGH AND LOW OF THE CANDLES IS INSIDE THE HIGH AND LOW OF PREVIOUS CANDLES
• MEANS MOMENTUM LOSS OCCURRING
• AS THE PICTURE BESIDES, SHOW THE PRICE ACTION FAILED TO MAKE HIGHER HIGH
• MEANS THE PRICE ACTION GOING REVERSAL
9. MOMENTUM CANDLES
• THE CANDLE BODY IS BIGGER THAN THE PREVIOUS CANDLE BODY.
• MORE CONFIRMATION FOR THE MARKET
• THE MOMENTUM CANDLES IN THE PICTURE BESIDES SHOW THE MORE CONFIRMATION THE MARKET IS GOING DOWNWARD TREND
10. MULTIPLE CANDLES REJECTION
• MORE THAN ONE CANDLES REJECT THE KEY LEVEL
• SHOW THAT PRICE TRIED OVER AGAIN AND AGAIN TO PUSH TO THE LEVEL BUT FAILED
11. STACK CANDLESTICK PATTERNS TOGETHER
• DIFFERENT CANDLES PATTERNS TOGETHER
• AS THE PICTURE SHOWS HAS THREE DIFFERENT CANDLESTICK PATTERNS, WHICH ARE INSIDE BAR, MOMENTUM AND CANDLES GETTING SMALLER AND SMALLER ALONG THE UPTREND.
12. THANK YOU
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
Its a fact that 94% of new Forex traders fail. Read the '10 Biggest Mistakes New Traders Make' so you don't make them too. The report has been written by me, Annabel Meade from http://www.tradeforexfromhome.com. I educate people to work less and earn more trading the Forex market. How much would you like to earn working 15 hours or less per week?
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
If we agree that traders use different but often common methods of looking at a chart, then is it possible to use that information for a higher probability trade?
The answer is a resounding YES!
Think of this….if many people are looking at “X” and then something happens at “X”, expect a reaction.
If many people are looking at “Y”, expect a reaction.
What if “X” and “Y” meet and you get twice as many people looking at the same thing
In trading, we call it a confluence. When two or more variables are present, a confluence exists and these areas are ripe for the picking.
See more at: http://www.netpicks.com/my-kingdom-for-a-confluence/
Would you like to learn secrets of price action trading which is used in every day trading by a 15 years trader? Continue reading on to learn real examples of how price action trading works on Forex, stock futures and gold charts!
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
Looking for best intraday trading rules? Platinum Trading Systems presents simple, easy & golden rules for Intraday trading. Get This 7 Rules and Earn More Money in Intraday.
“Forex Trading Strategies” is a complete guide of most popular and widely used strategies in Forex trade. You can read about day trading and its main types, understand the strategies based on market analysis, learn about portfolio and algorithmic trading, and many more. The book represents the ins and outs of each strategy - why and how it is used and how to get profit from trade. It is suitable for all traders who are novice in trade or want to improve their skills. All the strategies classified and explained here are for educational purposes and can be applied by each trader in a different way.
The best swing trading strategies are the ones that allow you to trade and profit from your beliefs about the market. I have added some of the most popular swing trading indicators as a guide for you to explore. The swing trading indicators listed here focus on trend trading, volatility, and overbought/oversold conditions.
Forex Trading - How to Create a Trading StrategyBlueMax Capital
Forex trading how to create a trading strategy. The Forex Fundamental Analysis, Technical Analysis, Risk Management, Rules Successful Forex Traders Follow and Reasons Why Forex Traders Fail.
Profit from trapped traders with 2 simple setupsNetpicksTrading
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
The concept of trapped traders is a simple one to understand.
While there are two forms of trapped traders, I only want to focus on one.
The trader who is trapped in a losing position.
These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits.
Issues Of Trapped Traders
The fear and panic by those who enter a trade only to find the market going against them can cause a sudden burst of price movement. This movement in price is caused by these traders exiting their positions and creating order flow in the opposite direction from which they entered the trade.
Whenever you look at the high of a green candle, picture someone hitting their buy button and entering the trade. Flash forward to the next candle being a red momentum candle and that trader who bought the high, is trapped.
To exit, they have to sell.
See more at: http://www.netpicks.com/trapped-traders/
1. THE BEST STRATEGIES THAT CAN BE USED WHEN TRADING
2. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG with THE TREND AND THE LAST CANDLES IS THE LONG WICK CANDLES, IT MEANS THE PRICE POSSIBLY GOING REVERSAL
3. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG, with THE TREND, IT MEANS THE PRICE POSSIBLY GOING REVERSAL.
4. BULLISH CANDLES STICK ( BULLISH ENGULFING) AND BEARISH CANDLESTICK ( BEARISH ENGULFING)
• ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• GREEN CANDLES MEANS THE BULLISH PRICE ACTION
• THREE GREEN CANDLES ALONG THE UPTREND, THEN NEXT CANDLES BECOME RED CANDLES AND THE RED CANDLES APPEAR AT THE RESISTANCE
5. ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• RED CANDLES MEANS THE BEARISH PRICE ACTION
• RED CANDLES ALONG THE DOWNTREND, THEN NEXT CANDLES BECOME GREEN CANDLES AND THE RED CANDLES APPEAR AT THE SUPPORT
6. CANDLES PATTERN THAT WORK IN TRADING
• LONG WICK CANDLES
• INSIDE BAR CANDLES
• MOMENTUM CANDLES
• MULTIPLE CANDLES REJECTION
7. LONG WICK CANDLE
• THE LONG WICK CANDLE IN THE PICTURE REPRESENTS THE SELLERS TRIES TO PUSH THE PRICE DOWN BUT FAILED, SO THE WICK TO STICK OUT.
• AS YOU CAN SEE IN THE PICTURE, IN THE DOWNTREND, THERE HAS THREE RED CANDLES, THEREFORE ONE GREEN CANDLES AND THE GREEN CANDLES REPRESENT THE LONG WICK CANDLES, SO MEANS THE PRICE ACTION GOING REVERSAL.
8. INSIDE BAR CANDLES
• THE HIGH AND LOW OF THE CANDLES IS INSIDE THE HIGH AND LOW OF PREVIOUS CANDLES
• MEANS MOMENTUM LOSS OCCURRING
• AS THE PICTURE BESIDES, SHOW THE PRICE ACTION FAILED TO MAKE HIGHER HIGH
• MEANS THE PRICE ACTION GOING REVERSAL
9. MOMENTUM CANDLES
• THE CANDLE BODY IS BIGGER THAN THE PREVIOUS CANDLE BODY.
• MORE CONFIRMATION FOR THE MARKET
• THE MOMENTUM CANDLES IN THE PICTURE BESIDES SHOW THE MORE CONFIRMATION THE MARKET IS GOING DOWNWARD TREND
10. MULTIPLE CANDLES REJECTION
• MORE THAN ONE CANDLES REJECT THE KEY LEVEL
• SHOW THAT PRICE TRIED OVER AGAIN AND AGAIN TO PUSH TO THE LEVEL BUT FAILED
11. STACK CANDLESTICK PATTERNS TOGETHER
• DIFFERENT CANDLES PATTERNS TOGETHER
• AS THE PICTURE SHOWS HAS THREE DIFFERENT CANDLESTICK PATTERNS, WHICH ARE INSIDE BAR, MOMENTUM AND CANDLES GETTING SMALLER AND SMALLER ALONG THE UPTREND.
12. THANK YOU
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
Its a fact that 94% of new Forex traders fail. Read the '10 Biggest Mistakes New Traders Make' so you don't make them too. The report has been written by me, Annabel Meade from http://www.tradeforexfromhome.com. I educate people to work less and earn more trading the Forex market. How much would you like to earn working 15 hours or less per week?
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
If we agree that traders use different but often common methods of looking at a chart, then is it possible to use that information for a higher probability trade?
The answer is a resounding YES!
Think of this….if many people are looking at “X” and then something happens at “X”, expect a reaction.
If many people are looking at “Y”, expect a reaction.
What if “X” and “Y” meet and you get twice as many people looking at the same thing
In trading, we call it a confluence. When two or more variables are present, a confluence exists and these areas are ripe for the picking.
See more at: http://www.netpicks.com/my-kingdom-for-a-confluence/
Divergences are one of my favorite trading concepts because, when paired with other trading tools and concepts, they provide very reliable, high-quality trading signals.
Although indicators, like price action, are somewhat lagging, when it comes to divergences, this lagging feature will actually help us locate better and more dependable trade entries, as we will see below. Divergences in Trading can be used by reversal traders and trend-following traders to time their exits.
Divergences in Trading are a significant part of one of my setups, and they work well with other indications in my trading system. I don’t advise trading divergences independently, but they are good to start.
http://www.premiertraderuniversity.com/ptucourse -- PTU Trading Course!
Whenever you talk to other traders, there is always someone who feels certain trading rules are gospel and other rules are foolish.
Sure, trading rules about cutting losing trades off at the knees when it’s hit the point that invalidates the premise is one that I can get behind. Those rules are all about saving your trading account because once the account is finished, so are you.
But there are other rules that many trading courses talk about.
Rules that many traders hold dear and follow to the letter.
The issue becomes when you can’t see the folly behind buying into your rule and discounting other trading “rules”.
http://www.netpicks.com/trading-rules-folly/
Unlock the secret to making consistent profits in trading! In here, we will learn the
most profitable chart patterns that can skyrocket your earnings. Whether you’re new or experienced, these patterns are your key to success.
Chart patterns are graphical representations of price movements in financial markets, usually depicted on a price chart. Traders and analysts use these patterns in technical
analysis to identify potential future price movements and make informed trading decisions.
Identifying profitable chart patterns is essential for successful trading. These patterns are helpful in finding entry and exit points, reflecting market psychology, aiding in risk
management, and forming the basis for trading setups and strategies.
They have historical reliability and can increase the probability of successful trades.
However, it’s important to use chart patterns in conjunction with other analyses and be
aware of the risks involved in trading.
Reversal patterns are specific formations on a price chart that indicate a potential change in
the direction of a prevailing trend. They serve as signals for traders that a trend reversal
might be occurring. These patterns suggest that the current trend, whether it’s going up or down, may be coming to an end, and a new trend in the opposite direction could be starting.
Reversal patterns are important because they help traders identify potential turning points in the market. By recognizing these patterns, traders can anticipate when a trend is losing
momentum and prepare to take advantage of the new direction that might emerge.
Reversal patterns can provide early indications that the existing trend is weakening and that it might be a good time to consider changing one’s trading strategy.
These patterns can take different forms, such as a double top/bottom, head, and shoulders.
Each pattern has its own unique characteristics, but they all share the common purpose of
suggesting a possible trend reversal. Traders analyze these patterns and use them in
conjunction with other indicators to confirm the reversal and make informed trading decisions.
It’s important to note that while reversal patterns can be reliable indicators, they are
not foolproof guarantees of a trend reversal. Traders should always consider other
factors, such as market conditions, volume, and additional technical indicators, to increase the accuracy of their analysis and avoid making hasty decisions based solely on the presence of a reversal pattern.
Continuation patterns are shapes on a chart that show a short break or rest in an ongoing
trend before it starts again. These patterns play a vital role in identifying these pauses,
allowing traders to recognize when a trend is likely to continue. They confirm the trend’s
direction and help manage trades effectively.
Continuation patterns help traders recognize periods of consolidation, indicating that market
participants are taking a break and causing the price to move within a specific range
temp
5 steps to make profits in forex trading using day trading strategyIftekhar Ahmed
In the ever-volatile and lucrative world of Forex, day trading stands tall as an incredibly effective strategy. Foreign exchange is a very turbulent field, with prices seeing constant change every single day. Though at the outset, most fluctuations seem haphazard and random, every movement obeys a certain trend. With practice, these trends can be capitalized on.
http://www.premiertraderuniversity.com/ptucourse -- PTU Trading Course!
What is the fundamental pattern of any market that is trending? Depends on the direction, right?
If a market is trending up, we expect to see higher highs and lows and the downswings to be relatively the same.
Flip what I just mentioned over and you have a market that is heading down.
This is certainly basic knowledge that any trader should know….and be able to profit from and I want to show you how.
http://www.netpicks.com/trading-article/trading-pullbacks-profit/
Trends and Trendlines in Indian stock market.pdfiamraham
Trends and Trendlines explained for intraday and swing trading in Indian stock market. A complete guide for the trend identification for a short term or medium term investments.
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
Imagine for a moment that you have plotted out a trading zone on your chart and that is the area you will need to see price visit before entering a position. Maybe it’s a confluence of factors such as price pivots, a moving average, measured pullback via Fibonacci and a round number.
What do you need next?
You need something called a trade trigger to get you into the position.
http://www.netpicks.com/look-before-you-leap/ - READ MORE
YOUR FREE TRADING SYSTEM: http://www.netpicks.com/tjgiveaway1
I personally find the stories of traders such as those found in the Market Wizards books such an enjoyable read. Even better are the stories from those that were in the trading trenches long before we had the technology that we do today.
Even many of the popular trading indicators of today were not in use back when many traders were making serious bank trading. The popular MACD made it’s appearance in the 70’s while Bollinger bands saw the light in the 80’s.
A lot of what these indicators show was seen by these traders just by looking at a price chart.
This is a far cry from traders of today who often times have charts with so many indicators that price bars are impossible to see.
I find the “old timers” quite inspiring and the trading wisdom they pass along is unmatched.
Which brings me to Richard Donchian.
http://www.netpicks.com/trading-wisdom-from-yesteryear/ - READ MORE
YOUR FREE TRADING SYSTEM: http://www.netpicks.com/tjgiveaway1
When I look at an area that has held price, what matters to me is how long price hung around at the support or resistance level. Fast rejections due to buying or selling pressure is something I would consider strong. If price tends to hang out at the level or rejects and quickly returns, I think it’s safe to suggest lack of buying or selling interest.
Multiple Price Rejections
I think it is a dangerous practice to simply assume that multiple hits and rejection is a direct relation to strong levels. What occurs quite often is a confidence booster that in the end, causes some oversize in the loss department.
Read more: http://www.netpicks.com/support-and-resistance-trading/
FOREX - TECHNICAL ANALYSIS: TRENDS, SUPPORT AND RESISTANCE (1.4)Trading Floor
Charts, charts, charts. When most people think about trading Forex, they think about watching price movements flash by them on the charts and making money as they jump in and out of profitable trades. This is where traders show whether or not they have what it takes to be successful in Forex market.
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
One area people look for moves is around support and resistance. I’ve mentioned support and resistance before but basically I look for obvious
areas as “hidden areas” don’t really attract the masses. You can also expand your thinking to include ranges that have prices moving back and
forth between the support/resistance extremes.
The question you should always be asking is will these support and resistance zones hold price or will they fail and either keep moving or simply
expand the range?
There is a rather simple way to be clued into the probable hold or fail and that is the rejection, or lack thereof, at the extremes.
What would you expect to happen to price if a support or resistance zone was going to hold? I would expect price to move away soon after
testing the zone.
http://www.netpicks.com/the-action-at-support-and-resistance/ - READ MORE
Mindfluential trading pdf for stock learning....
Session one ......candle formation
Trading rules
Core components of price action....support and resistance supply demand trendline
Similar to Learn A Simple Range Trading Strategy (20)
At what point has your trading become over-complicated?
Some traders can have many variables in their trading plan and do fine.
Others can get overwhelmed when there are too many things to consider for a trading setup. I’m sure we’ve all felt that way at times.
There is no simple answer because it depends very much on the individual and their capacity.
Even though Occam’s Razor states: “the simplest solution is almost always the best.”, simple for you may mean complicated for me
If you agree that you need to “find simple”, how do you get there for your own trading?
The 50 day moving average, the simple moving average, is a versatile trading indicator that is simple to learn.
Find out how to use the 50 SMA in a trading strategy for any market
Free Trade Room Trial: http://www.netpicks.com/go/trade-room/
LEARN OUR 3 SIMPLE CRUDE OIL TRADING RULES
- See more at: http://www.netpicks.com/3-rules-crude-oil/
Crude Oil Futures is not only an active market to trade but is also one of the most popular instruments available to day traders. That makes trading Crude Oil a wonderful opportunity for traders to make additional income or a stand alone income producing market.
crude oil futures volume
That graphic is a recent snapshot of the daily volume from May 26 – June 29 and you can see that volume often exceeds 1.5 million contracts traded per day. It is a liquid market and getting in and out of your trading position should never pose an issue which is vital for day traders.
Being stuck in a position or suffering from extreme slippage can have a tremendous impact on your overall trading profits.
In a moment, I am going to show you a real inventory release trading session that was covered in the live trading room but let’s cover some basics first.
- Visit our website: http://www.netpicks.com/
- Netpicks Inner Circle: http://www.netpicks.com/icenroll
- Free Trade Room Trial: http://www.netpicks.com/go/trade-room/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
CRUDE OIL, TRADING OIL, CRUDE OIL TRADING
Profit Targets - How To Locate Profit Taking AreasNetpicksTrading
Profit Targets - How To Locate Profit Taking Areas
- See more at: http://www.netpicks.com/day-trading-profit-levels/
The issue that many traders have is getting out of the trade especially the day trading profit targets you are going to use.
If you swing trade, you will only make the decision to exit your trade every few days or so. As a day trader, you will be making profit taking decisions quite a few times during one trading session.
There are three exits for a trade:
Exiting trades for a profit
Exiting trades to cut your losses
Exiting your trade at break even (although you will still pay spread/commission)
- Visit our website: http://www.netpicks.com/
- Netpicks Inner Circle: http://www.netpicks.com/icenroll
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading profits, trading exits, support and resistance, price levels
HOW TO LIVE THROUGH TRADING DRAWDOWNS
- See more at: http://www.netpicks.com/trading-drawdown-tips/
Do you know what gets ignored when people write about trading? Living through a trading drawdown.
Traders understand that their account will ebb and flow (just like the price on the chart) but when their trading account starts to look like a bear market due to an extended drawdown period, things change.
What Is A Trading Drawdown
In simple terms, a drawdown is when your trading account starts to retrace after a period of losing trades.
In more direct terms, it is a peak to trough decline measured over a certain period of time. This means that your trading drawdown can happen during a single day of trading or over the course of weeks or months.
- Visit our website: http://www.netpicks.com/
- Netpicks Inner Circle: http://www.netpicks.com/icenroll
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
losing trades, loss, profits, drawdown
How Many Losing Trades Will You Take?
- See more at: http://www.netpicks.com/how-many-losses/
Losing trades is part of the business. The question is how many losing trades will you take before you quit trading? Is there a way to know what to expect when it comes to the number of losses in a row?
- See more at: http://www.netpicks.com/how-many-losses/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
losing trades, wins, loses, trading success
5 Tips for Successful E-Mini Trading
- See more at: http://www.netpicks.com/emini-trader-successful/
The E- Mini futures markets are both seductive and treacherous. On any given session a trader can find numerous opportunities. But along with opportunities come many hazards. In fact, navigating your way through an eMini session, without losing your hard earned capital, let alone your shirt, is much tougher than it seems.
Whether you’re trading Stock Index Futures on the Chicago Mercantile Exchange such as the Russell emini, the S&P 500 (the emini version of course), the Nasdaq or the Dow, there are some basic things you can do to heighten your chance of successfully day trading eminis.
- See more at: http://www.netpicks.com/emini-trader-successful/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
e-mini, futures, trading, tips
- First published at: http://www.netpicks.com/emini-trader-successful/
Trading Business Success Tips
- See more at: http://www.netpicks.com/be-a-success/
Trading success is hard to come by for most people. What if traders took the mindset of an athlete, a successful business person, anybody that has risen to the top of their field? Success in trading is possible but you have to approach trading as a business and use yourself as a benchmark for success.
- See more at: - See more at: http://www.netpicks.com/be-a-success/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, trading success, committment, dedication, success, trader success
Stop Trading At This Time Of Day To Protect Your AccountNetpicksTrading
Stop Trading At This Time Of Day To Protect Your Account
- See more at: http://www.netpicks.com/day-trading-during-lunchtime/
One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside. To go on further and elaborate a little on why I say this and to make the point, I wanted to focus more on specific time periods within the primary day trading session.
This applies to intraday traders more than anyone else, although when anyone enters or exits a trade, they are acting on an intraday basis.
So why do I think lunchtime trading is the worst time to day trade? Like everything in trading, it has to be determined based on your strategy and your personality. If it works for you, then by all means do it.
- See more at: http://www.netpicks.com/day-trading-during-lunchtime/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, trading time frames, day trading, intra-day trading, trader
- See more at: http://www.netpicks.com/what-indicator-do-you-use/
Too many traders focus on the wrong things in trading like trading indicator settings. That information will not help you become a profitable trader. Learning about trading concepts, how the markets move, and using that information to help guide your trading is a better road to follow.
- See more at: http://www.netpicks.com/what-indicator-do-you-use/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, concepts, concepts in trading, moving averages, trading strategy, trading system
Day Trader Success Guide - 6 Step Process For BeginnersNetpicksTrading
Day Trader Success Guide - 6 Step Process For Beginners
- See more at: http://www.netpicks.com/day-trading-living-guide/
This day trading beginner guide is a 6 step process that will show you how to learn to day trade. Learning to day trade should be made as simple as possible and we think this is the best way to start your professional trading career.
- See more at: http://www.netpicks.com/day-trading-living-guide/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
day trading, how to day trade, day trading success, guide to day trading
Keep Your Trading Simple Like The Big PlayersNetpicksTrading
- See more at: http://www.netpicks.com/4-simple-trading-tools/
Over the years, much has been written in these trading articles about how simple trading can be. This does not translate to “easy” however simple still works in trading.
It’s not just a play on words but hammers home that the work you do to find trades, manage risk, and other variables that make up the act of trading, is simple. Doing it consistently is another matter and that’s when “not easy” comes into play. A trading method is only a part of the battle.
I want to focus on the term “simple” by using the USDCAD pair to highlight the following points:
a simple pattern
a simple entry
a simple risk reduction
a simple exit from a trade.
For this example, let’s keep the context in mind as you look at the charts which will be
Steady uptrend in the USDCAD
Two weeks in Jan of large momentum moves
10 weeks of the market in a pause
- See more at: http://www.netpicks.com/4-simple-trading-tools/
- Visit our website: http://www.netpicks.com/
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Forex, USDCAD, trade entry, fakey, failure test, suppport and resistance, trading ranges, profits
See more at: http://www.netpicks.com/reasons-trading-rules/
Sometimes trading is tough. When markets are moving quickly, they can put your head in a spin and when you factor in the strong emotions that are likely to show up at these times, it’s no wonder that traders often end up tying themselves in knots. So employing a trading strategy that leaves no room for ambiguity is hugely advantageous.
That is where a trading plan with precise trading rules comes into play.
If there’s an entry, you can take it (or not). You know where you’re exits are and you know where you’ll take a loss (whether or not you’re ‘wrong’). Although there will be times when you can sense that a trade isn’t absolutely perfect, there are some strong arguments for mechanically defining your ETS (entries, targets, stops). Here are 4 of them-
See more at: http://www.netpicks.com/reasons-trading-rules/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/hotlistdl/
You Are Wasting Time Asking These Types Of Trading QuestionsNetpicksTrading
Ever hear that if you want a meaningful answer, you need to ask the right question?
Asking questions in a general way will give you an answer that is not actionable.
That is what you are looking for though.
You want an answer that will give you a way to start moving forward and the way to get that is to wrap your mind around asking a more specific question.
- See more at: http://www.netpicks.com/asking-the-right-questions
http://www.netpicks.com/squeeze-out-the-chop/ - Read more
Let's cover one e of those indicators that help us determine if we are in a trending or consolidating market, the Bollinger Band Squeeze.
I’ll recap the components of The Squeeze, describe the rationale behind the indicator, and present an approach you can use to develop a customized Squeeze trading indicator.
Choppy Markets & The Squeeze
Whenever market volatility decreases, we see the Bollinger Bands tighten while the Keltner Channel remains relatively constant. As volatility continues to decrease the bands will eventually move inside the channel lines.
This means that, using the typical default values, 95% of the closing prices fall within 1.5 ATR’s of the moving average, and that is what constitutes a squeeze.
- See more at: http://www.netpicks.com/squeeze-out-the-chop/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
Click here to read about this trading habit.
http://www.netpicks.com/consistent-trading-edge/
Here is some information on trading habits
Nothing exists as the only way to trade. There is no one singular trading edge. There is however one trading habit that all traders that wish for success must follow and that is to consistently apply your edge every time you face your charts
Click here to read about this trading habit.
http://www.netpicks.com/consistent-trading-edge/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
How can fibonacci levels help your trading resultsNetpicksTrading
Click here for more information on fibonacci trading
http://www.netpicks.com/fibonacci-trading-results/
Here is some information on fibonacci trading:
You have probably heard that the main knock of Fibonacci levels is: “place a bunch of Fibonacci retracements and extensions on your charts and some are bound to be hit.” The fact is that Fibs are just a tool and like any tool and any type of system, the usefulness
For more information on fibonacci trading:
http://www.netpicks.com/fibonacci-trading-results/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
Click here for more information on Keltner Channel Trading
http://www.netpicks.com/keltner-channel-trading-strategy/
Here is some information on keltner channels trading:
One thing you want to be aware of when trading an indicator method such as the Keltner Channel trading strategy is that, like all indicators, there is a lag time.
Indicators are derivative of price meaning that the results that you see via an indicator will come via a calculation using the price you see on your chart.
PRICE FIRST.
INDICATOR SECOND.
Before we get into the strategy that you can use with the Keltner Channel indicator (Keltner bands), let’s cover why a channel can be useful for any trading strategy.
For more information on keltner channels trading:
http://www.netpicks.com/keltner-channel-trading-strategy/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
keltner channels trading,keltner channel,keltner channel indicator,trading strategies
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
When you’re looking to master a new skill like trading, it’s only natural to see whether you can benefit and accelerate the learning process by learning from someone who has already been successful. There are of course no shortage of educators out there in the world of trading. But there are also many potential obstacles to learning to trade in this way.
Let’s take a look at 5 perils of learning from other traders.
See more at: http://www.netpicks.com/5-perils-of-learning-from-other-traders/
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
How many hours do you spend on your quest with learning to trade?
I am talking about the studying of the indicators you may use, price action, price structure, or anything else like viewing chart after chart like I do.
You sit down at your desk and before you know it, hours have clicked away and you wonder just what did you learn.
When it comes to learning anything new (or even to refresh what you already know), quality over quantity is key.
THE ART OF LEARNING TO TRADE
There are two distinct ways we learn and both of them are needed to really begin to not only understand but also master what you are studying.
See more at: http://www.netpicks.com/learning-to-trade/
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
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This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Model Attribute Check Company Auto PropertyCeline George
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The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2. It's been said that a market only
trends 30% of the time.
I can't quantify that figure but
having a range trading strategy to
take advantage of the other 70% is
good business.
3. Range trading is not difficult however
it does require discipline and a method
of determining when a trading range is
in play.
4. What Is Range Trading
When a market is trending, you will
see a stair stepping pattern of higher
highs and higher lows in the case of an
uptrend.
5. There is an imbalance of buyers and
sellers and you can generally see the
difference between an impulse move
and a corrective move.
6. Impulse moves are stronger and bigger
in scope than a corrective move.
Once that condition stops, markets
tend to find themselves stuck between
a high and a low and continue to
oscillate between these two points.
7.
8. Buyers and sellers have found a point
of relative equilibrium and you can
find yourself in a very choppy
environment if attempting to trade
between the extremes.
9. This is when traders will place trades
against the high/low extremes and will
continue until price breaks out of
either side.
10. We've just come to the first issue with
range trading and that is finding the
two points that will act as potential
support and resistance levels to trade
against.
11. I did a piece on support and resistance
where I blanked out the chart and
randomly laid on some horizontal
lines. Turning the price bars back on,
price found both support and
resistance on every single line.
12. Of course, that does not discount the
validity of S/R but it does bring home
the fact that price can and will bounce
seemingly from a random level on the
chart.
13. To ensure you are using a level that
may have some importance, levels
that are obvious would be a better
place to watch for price action and
potential trading opportunities.
14.
15. This instrument is trending down and
puts in an obvious low at #1. For the
down trend to continue, you would
need to see this low taken out to
continue our pattern of lower highs
and lower lows.
16. Price rallies and when the price starts
to drop, we have our high at #2. The
issue is you have a potential pivot at
#3 and is confirmed when the price at
#4 takes out the #2 high.
17. Has this market gone right from a
down trend to an up trend?
No.
18. You will later see that price falls back
and takes out the #3 low and you can
clearly see that price is not in a
trending pattern.
19. You have the extremes of our range
labelled as #1 and #2 but #4 highlights
an important fact about these levels.
They are not a defined price.
20. When looking at these turns, consider
them to be zones with a margin of
error both outside and inside the
range.
21. Range trading will take into account
both extreme zones and a trader will
look to position a trade against the
potential zones of support and
resistance that form the range.
Why potential support/resistance?
22. You don't know what will happen when
price returns to those extreme zones.
It could stop.
It could reverse.
It could breakout.
23. These zones potentially have an effect
on price and keeping that word in
mind will keep your expectations in
check when confronted with the
meeting of price and zone.
24. It will stop you from simply pushing
the buttons and taking a trade and will
force you to look for signs of what the
probable move may be.
25. Trading Range = Consolidation
When trading trends, most people are
used to the impulse and corrective
swings in the market. These
pullbacks/rallies are continuation
patterns of the overall trend.
The same thing can be said about
trading ranges.
26. More often than not, a range is a price
consolidation as part of the overall
trend move. It certainly can be the
ending of the current trend and a
reversal is imminent but that has to
prove itself and not to be assumed.
27. 4 phases of a market are
accumulation, mark up, distribution,
and mark down. It is possible that the
consolidation you are looking at is
either accumulation/distribution.
28. Let it prove itself to be a trend change
or show a clue such as higher time
frame divergence but assume a
continuation play if trading the smaller
time frame.
29. Ranges can also occur when the higher
time frame becomes overextended
and the range is where that condition
is being worked off.weekly chart range
30. The first chart shows a range on the
daily chart that occurred after 148
days of an overall down trend in the
market and 27 days of an impulse leg
that terminated at the #1 low.
31. This chart shows the weekly
chart of the same point in time.
You can see that price had two
weeks of a momentum push to
the downside and our indicator
shows an oversold state.
32. Our daily range played out for 63 days
but a quick look at the larger time
frame showed an extended and
oversold market but the lower
highs/lows, lack of divergence, and
lack of reversal price action pointed
towards a trend continuation and not
a reversal.
33. Risks Of Range Trading
There are a few issues with trading the
range but many of them can be
avoided if the trader is disciplined in
their trading approach and knows
what to look for.
34. Having a read on price action will also
go a long way in helping you take
advantage of the opportunities that
range trading provides.
35. You've probably heard it said that the
more times something is tested, the
stronger it becomes.
"Look for multiple touches to
confirm strength".
No.
36. I go on the opposite premise that
multiple runs to a level weakens it, not
strengthens. If a price level is
important enough to reject price, why
should it continue to revisit that area
multiple times?
37. If it is going to revisit multiple times, I
would also expect to see the move
away getting stronger and not weaker
to indicate strong interest at the
extreme.
38. I also look at the number of times
traders take positions against the
extreme and place their stops just on
the other side.
39. If that breaks, especially in the
direction of the higher time frame
trend, a protective stop cascade could
propel price hard, fast, and when
those protective stop orders get hit
and turn to market orders, how much
slippage is going to occur?
40. The point is not to blindly take a
position simply because the price has
moved to an area from the past
especially after multiple hits at the
extreme. Remember that markets
cycle through ranges and trends so
eventually, one of the extremes will
break.
41. If you want to fade the extremes, you
want to see some type of failure or
signs of a reversal at the extremes.
42. On the other side of the coin, you
don't want to assume you are going to
have a trading range breakout simply
because price moves strongly towards
an extreme.
43.
44. This chart shows a range and at #1,
you can see the strength in the candle
as price pushes towards a potential
resistance area. You know people
bought into this move and the small
upper shadow shows a very small
number of sellers.
45. Just as strongly as price advanced, it
collapsed and once it was obvious the
range breakout was not going to
happen, a large momentum candle
shows up that could indicate the
buyers exiting their positions.
46. It could also indicate that those who
bought at the small consolidation or at
the support extreme, are taking their
profits.
48. Price advances once again to the
potential zone of resistance and price
action at #2 shows the imbalance of
sellers and buyers at the extreme that
could be used for a trade entry.
49. This is a picture perfect reversal
although it was not a strong
continuation away. You wouldn't know
that of course and that is why trade
management must be part of any
range/trend trading strategy.
50. If you are looking to fade either
extreme, this next chart shows the
type of action you do not want to see.
It's not a perfect example but
understanding what is happening is
important.
51.
52. The extreme has been in place for a
while and has seen multiple reversals
in the area. This last one is different.
53. The reversal on the left had signs of
indecision until sellers took over. The
last push up has consolidation right at
the extreme and there does not
appear to have much of a bull/bear
battle taking place. You can also see
part of the uptrend pattern of higher
lows taking place.
54. We do not want to see a pattern of
higher lows into the resistance
extreme nor lower highs into the
support extreme.
We do not want to see accumulation
at either extreme.
55. While a reversal could still happen, this
type of price action and structure at
the extreme does not give much
confidence for shorts (longs). If
anything, some traders may find an
entry inside of the consolidation at the
failure test candle marked with the
arrow.
56. Expanding trading ranges
When you see price breakout out of
both extremes and failing to trend,
plus each swing is larger than the
previous you get a range that is
expanding.
57.
58. These are not something I want to take
part in as the market has expanding
range no clear cut consensus on what
it wants to do.
59. Also, if taking a position in this type of
environment, where would you put
your stop?
Being unable to define the stop on the
trade can interfere with your risk
profile for your trading plan.
60. Keep in mind that a simple breach of
either extreme does not invalidate the
range as the range could simply be
expanding to a larger size.
61.
62. This is quite different than erratic
swings in each direction and while it
may turn into an erratic expansion, at
this point we can still find positions.
63. Converging range
While there are different names for
each chart pattern, I keep it simple and
if the market is not in a trending state,
I call it simply a range bound market.
64.
65. This is the opposite of the expanding
range and here price appears to zero in
on a particular price point.
Compression is occurring and
generally, a trader will look to position
themselves in the breakout of the
move when it occurs.
66. Noting there is compression is
important because when it breaks,
there could be a strong move behind
it. Given that, looking to fade breaks of
these types of compression ranges is
probably not a wise trading plan.
67. Why Range Trading Works
We covered a few things to look for
when trading ranges including not
assuming the range will hold and
looking for a sign that a fade of the
range extreme is the right play.
68. You also noted that a range can take
various forms and some are easier to
get a handle on than others.
Seeing a market in an expanding range
would probably take that market off
my list of tradeable instruments.
69. The converging range would have a
breakout play in mind and while some
will still fade the extremes, it doesn't
suit my plan.
70. I actually don't know of anybody who
trades inside the converging range.
While there may be some, looking to
position in a breakout in the direction
price was headed prior to the range
seems to be the most common play.
71. Let's cover why range trading works as
a viable trading method.
Once a range has formed and you have
determined where the extreme zones
are, you now know exactly where you
are to look for a trading opportunity.
72. There's no guesswork involved. Price
will either break out of the extremes,
reverse at the extremes, or expand at
the extremes.
73. The middle of the range is not an area
you want to play in.
74. Support and resistance levels
(remember you are looking for obvious
ones) make up the extremes of the
range and S/R are zones that garner a
lot of trader interest.
75. You will have some type of action
around these levels that can range
from a clean test of the level to price
whipping around the zone.
76. The key is to have a trading strategy
that sets up what you are looking for
and how you are going to trade it.
77. What type of price rejection are you
looking for?
Where will you place your stop?
Will you use other tools to help in your
decision?
78. Just remember that ranges end and a
trend will begin. Before that happens,
taking trades while in a trading range
can offer up another opportunity for
those looking to make money in the
markets.
79. Trading indicators can aid in your
decisions and when trading ranges,
oscillators can have a place as part of a
trading plan. Let's look at the slow
stochastic trading indicator as a tool
you can use when looking to trade the
extremes of the range.
80.
81. The extremes are marked by the
circles but you can see later that the
top gets exceeded in a breakout failure
type of action.
82. At "A", price pushes into the extreme
and sets up a reversal candle. The
indicator plots into the overbought
area (not a signal by itself) and you
have a shift in momentum which is
shown by the cross of the indicator
lines. It's a combination of each event
that may/may not constitute a trade.
83. Price drops to the lower extreme at
"B" and you get an engulfing candle,
an oversold indicator plus a
momentum line cross.
84. Is "C" close enough to the new
extreme put in at "A"?
Is there a reversal type of candle
pattern?
Is there a slowing of momentum seen
in price?
85. Besides the indicator position, I don't
see much enticing with this trade
especially since price action did not
show any sign of a potential reversal.
86. Finally, at "D" price pushes to the new
extreme, shows weakness while the
indicator is overbought and you see a
momentum line cross.
The indicator is part of an overall
range trading plan and should not be
the only variable you use for making a
trading decision.
87. Range Trading Strategy Outline
Simple still works in trading and the
key is discipline and consistency.
Without those, any type of success will
be short lived regardless of the merits
of your trading system.
88. As you head into the trading strategy,
keep in mind everything you've
covered up to here.
89. Find Our Trading Range
Trading ranges are formed with
support and resistance zones. You can
look for current ranges or find trending
markets that are starting to slow
down. Ranges turn to trends and trend
turn into ranges.
90. I also consider pullbacks a range in the
general sense but those won't be a
covered topic here.
91.
92. This chart has an uptrend in play and
then price started to pullback. The
high is marked off and once the pivot
low is in place, that is marked as well.
93. For the trend to continue, you need to
see a higher high. If that does not
develop, you can start thinking of a
range play.
94. The chart shows that price didn't
advance into a trend continuation
after the low as you put in a lower high
marked "X" but fail to make a lower
low. I chose a not so perfect example
of a range as showing perfection is
always easy to do.
95. With the extremes of the range
marked off, you now have areas where
you can monitor what price does and
if you have a trading opportunity. In
our example chart, the yellow
highlights areas of interest.
96. 1. Price revisits the low. Indicator is
oversold. Momentum line cross. Inside
bar candlestick.
97. 2. High is tested. Consolidation below
extreme calls for caution. Candlesticks
start showing a lack of momentum and
inside pattern. Indicator oversold and
cross.
98. 3. Price fails before an extreme test.
Indicator not in the overbought zone.
Good reversal pattern but no trade.
99. 4. The indicator in the middle zone.
Bearish momentum cross. No reversal
pattern. Price breaks through extreme.
100. Quick strategy recap
We needed price to make an attempt
at the extremes. When that condition
was met, we wanted to see an
oversold/overbought indicator
position.
101. A bullish/bearish momentum cross
helped build our case for a trade and
then we needed to see a reversal
pattern in the price action.
102. Place The Protective Stop
You would think that placing your stop
just outside of the extreme would
make sense. After all, you often read
that you should place the stop where
you would be proven wrong.
103. The problem is that you can have the
extreme broken and the trade (and
range) is still valid.
104. Think back to the expanded range
chart and you can see that the range
play is still a valid trading opportunity.
The range still exists but with different
extremes.
105. There is a pattern called a failure test
that needs to break an extreme and
can take you out of your current trade
when you should actually be getting
into a trade.
What about a distance away from the
extreme? How far is far enough?
106. Given that most people base their
position size on their stop size, this
could lead to very small positions or,
depending on the market and your
capital, no trade.
107. Inside the range? Thinking about
where the majority of people put their
stops (textbook stops), where do stop
runs usually go?
108. If you know that most traders use
either the extreme or a little bit
beyond, those that can run the stops
know that as well. Depending on the
market and trading volume, a stop run
could have traders exiting at prices
beyond their stop due to slippage.
109. Stop orders once triggered turn to
market orders to be filled at the best
price.
110.
111. If you were short from the extremes
and your stop was placed just outside
the extreme, you'd be taken out
before the trade is able to mature. If
stopped out, this trade may have had
slippage giving you a worse risk profile
than you planned for.
112. If the price is going to come close to
the extreme, it is probably going to
test the extreme and slightly beyond.
A stop just inside of the extreme will
have you out of the trade before the
stop runs trigger.
113. The fact is there is not a perfect
location for the stop that will still allow
an optimum position size. Thinking of
yourself as a risk manager will aid you
in your stop placement decision.
114. Range Trading Blueprint
How you end up trading ranges is
going to depend a lot on the type of
trader you want to be. There are a few
important variables to pay attention to
however it can be simply summed up
with:
115. Find the extremes of the trading
range. Look for signs of reversal. Take a
position and manage it.
116. Whether you are range trading Forex,
Futures, or any other market, the
basics that were covered here apply.
Take your time, test, develop your
trading plan, and be consistent with
how you have chosen to trade.