With the tons of trading indicators out there, it is a Herculean task to go through them one by one. Hence, many of our readers have asked for recommendations of day trading indicators.
Archives for December 2013
Trade price (Sho) is a member of the Forexfactory forum, where he shared his trading method in the thread “Intraday Trend Trading with Price Action“. He trades price action with Keltner Channel and price action patterns including pin bars, inside bars and outside bars. This trading method is not a trading system with hard and […]
In Day Trading Systems and Methods, Charles Lebeau, the pioneer of Chandelier exit, introduced this S&P day trading strategy from Steve Kane. It uses price action at a higher time-frame to find the trend. Then, it uses %K in the stochastic indicator to find a trade entry along with the trend. Trading Rules – Kane’s […]
You can sum up the secret to using ADX indicator in a single word: SLOPE. Most traders learn that ADX is a robust system that tells you if the market is trending. The typical interpretation is that if ADX is above 25, the market is trending. If ADX is below 25, the market is meandering […]
Oscillators like RSI, stochastics, and MACD are powerful tools if you know how to use them. Looking out for divergences is a part of using oscillators for trading. Divergence refers to the disagreement between price and the oscillator. Classic divergences are part of a reversal trading strategy. Hidden divergences point to continuation trades. Take a look […]
Many price action traders claim that two-legged pullbacks are the most reliable trade setups. The variant we are reviewing today is from Al Brooks, who wrote three tomes on price action trading. These three books are not an easy read, but are extremely informative for price action traders. In his books, he identified a two-legged […]