Best Mean Reversion Strategy: Before we get to that point, first and foremost, let’s see what tools we need to use for this strategy. The best mean reversion indicator that works 85% of the time is the RSI indicator. So, you will need the RSI oscillator on your charts. Now, there is one more important thing that needs to be done. The RSI settings must be changed...
? WINS STOCK MARKET RALLY ? WINS STOCK MARKET DOWNTURN NO WINNER TONIGHT STOCK MARKET SEVERE DOWNTURN BECAUSE STOCK MARKET DOES NOT LIKE UNCERTAINTY. Descending Chart Pattern Price Bias is Bearish While gold has an inverse relationship with the dollar, stocks markets also have a deep connection to the metal. Investors commonly perceive gold as a haven in the...
What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can...
See the previous S&P 500 Index Post for day trading rules and setups. TIPS FOR INTRADAY TRADING S&P. If you have a 9 to 5 job and you only have an hour to trade per day you can use our day trading S&P 500 strategy. Ideally, the S&P 500 day traders will be trading based on trading strategies that take a short amount of time. Now, because the market structure is...
WHY TRADE S&P 500 INDEX? Off the bat, you need to know that the S&P index moves a lot. In other words, the S&P 500 volatility is high. In the stock market, we have something called the VIX, which measures the implied volatility (expectation of future volatility) of the S&P 500 Index options. For those of you who don’t know what’s VIX trading just search for "How...
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
How to Trade Using the Stairs Trading Strategy If you don’t want to trade on pure randomness, you need a trade trigger before opening an order. When the price reaches your level of interest, you need some type of confirmation. This is where our entry technique can be applied across all types of trading strategies. Step #1: Identify a strong trading market that...
Trading Pullbacks with Keltner Channel Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend. As you already learned when the price hugs one of the two bands and crawls along with the band, we...
When trading the best wolfe strategy you will find that after the entry is triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave . After the last wave has broken above the...
COME JOIN OUR FREE LIVE EFX TRADING SESSION THIS WEEK. USE THE EFC INDICATOR OR OUR FREE RSI 80/20 STRATEGY FOR LIVE SESSION. EFC INDICATOR SHOWS 1 - OPEN ENTRY SIGNAL 2 - STOP LOSS SIGNAL 3 - TAKE PROFIT SIGNAL
Chart patterns found on weekly chart. Entries found on daily chart. Previous support at 4.75. 1st bearish trade entry on daily candle close below triangle bottom. 1st trade take profit at 4.80. 2nd bullish trade you determine entry. 2nd take profit at 80.00.
TRADING PULLBACK RULES 1 - Find Daily uptrend with HH's & HL's. 2 - Switch to the 1h Time Frame and Wait for a Pullback against the Uptrend. 3 - Place Fib between last swing high and low levels, prior to the pullback. 4 - Buy Anywhere Between 50% and 61.8% Fib. 5 - Place Stop Loss below Swing Low. 6- Take Profit at break above the ...
Advanced Triangle Breakout Indicator shows Short Trade Red Column Signal. Advanced Triangle Breakout Indicator shows Open Short Trade Entry Signal. Advanced Triangle Breakout Indicator shows Stop Loss Signal. Advanced Triangle Breakout Indicator shows Adjusted Stop Loss Signal. Advanced Triangle Breakout Indicator shows 1 x 2 risk/reward Take Profit Short Trade...
Breakouts are found using Trendlines - Horizontal Sup/Res Ranges - Channels. Finding the opportunity to see the 2nd or 3rd breakout increases breakout success. Use a tighter stop loss on a 15m chart helps reduce risk. If caught in a head fake - with a lighter stop loss - watch for another breakout setup. Hold for a longer intraday or daily trend move.
1D ASCENDING TRIANGLE BULLISH BREAKOUT. Wait for a Daily Candle Close above triangle. 1H PULLBACK TRENDLINE BEARISH CONTINUATION BREAKOUT. Wait for a 1H Candle Close below Pullback Trend line. Or wait for a Bearish Continuation Break-Hook-Go candle pattern.
Step 1 Price breaks below cloud. Step 2 Blue line crosses below Red line. Step 3 Sell at open of next candle. Step 4 SL above breakout candle or cloud. Step 5 TP when Blue line crosses above Red line.
50sma determine trading bias. Price below 50sma bearish bias. Price above 50sma bullish bias. Short Entry Candle Close 1 - Red Colored Candle 2 - Price below 50sma 3 - B3 Subchart Red Long Entry Candle Close 1 - Green Colored Candle 2 - Price above 50sma 3 - B3 Subchart Green Stop Loss on the opposite side of 50 sma Take Profit you determine