Simple Three Step Bollinger Band Strategy That Makes Money
You will discover a simple three step trading system that professionals currency traders use to make money. This system does not need any other indicators and it is simple to implement.Can You Accurately Fade A Move Using the NYSE Tick Like the Old-Timers?
The NYSE tick indicator has been around for a good period of time but I don’t see it used much in futures trading. That’s fairly easy to understand though, because the NYSE tick is not a futures related indicator. The symbol for the indicator is $TICK. It is a fairly straightforward indicator in that it measures the number of issues trading on an uptick against the number of declining issues trading on a downtick on the New York Stock Exchange.Support/Resistance and Volume Are Like Ham and Cheese
I have yet to meet a novice trader who doesn’t claim support and resistance (SAR) as one of the skills they employ a in their trading endeavors. Of course, the silence is usually deafening when I asked, “When price reaches support or resistance what do you do?” In general, most people wait to see which direction the price is going to move and wait for confirmation of the move.
If you answered no to any of the questions in the title I have to wonder about your sanity. While I don’t mind trading some volatility in a trend, a non-trending highly volatile market is the recipe for a trading disaster, yet many new traders wade into these markets with a sense of gusto and purpose.Do You Think Practicing on Trading Simulators Is a Good Use of Time? Check Out the Mess I Made Today
I’ve written several articles in the past about my relative distaste for e-mini trading simulators. I had a trade running on a simulator account today and proved to myself why I continue to believe that they are good for familiarizing yourself with a trading platform but relatively worthless when learning to trade. Are you a simulator warrior?