Floor Trader Strategy

It identifies entries by combining trend identification by using moving averages with the technical analysis technique of price candle pattern recognition.

Floor trader strategy.

Leave the initial breakeven stop in place. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. Good things come from hard work. The floor trader system scalping this is a retracement then continuation trading method.

Watch for the formation of ascending price waves. Hold on though the first v reversal declines as long as b e stop is not reached. Advantages of the floor traders method forex trading strategy works well in a trending market when used with larger timeframes like the 4 hr and the daily the potential to make 100 to 200 even 500 pips profit is. Traders using this strategy identify the trading trigger on the basis of the reversal pattern that forms after the retracement.

Don t let all the rules discourage you from using it. The decision to use it or not on a live account should be made after thorough back testing and forward testing. Floor trading has become increasingly rare as electronic trading. The trend is your friend.

It is simple swing trading strategy easy to understand and implement allows you to get into a trend in its beginning and you can ride out the trend if the first retracement happens happens. When the first one forms move the. Then it uses a simple pullback formation to enter the market. It uses two moving averages to determine the trend.

But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective. The floor trader s method forex trading strategy one of the best forex trading strategies around moving averages for the floor trader method. Trading plans for selling or buying using this trading strategy. Watch the market.

The best way to know if the floor trader strategy is for you is to test it on a demo account and get used to it. Despite all the narrative below this is a relatively simple system for l1 l2. The floor trader s method is a trend following trading system. The floor trader system 1.

Higher highs with higher lows.