Traditional price charts plot using fixed units of time. Is this the only sensible way to chart? Should we consider charts that ignore the passage of time? In this article, we will look at the merits of using time charts and the value of alternative charting methods that exclude time. Why Time Charts? The first reason […]
If you are looking for the one Holy Grail day trading indicator in this article, you’re in for a rude shock. I am not giving you any sure-win “buy when green arrow appears” indicator. But you may get more than that. Best Day Trading Indicator? Before you search for the best day trading indicator, answer […]
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.
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 […]
Day trading is not easy, but it can certainly be simple. Keeping things simple is a mark of professional traders. Simplify day trading by following these nine steps. 1. De-clutter your trading desk Day traders spend long hours at their trading desk. Having a clean and organized work space helps to simplify the trading environment. […]
You can have 1001 day trading rules that you cannot remember. And no one follows rules that they don’t recall. The result is chaos, and you end up as a trigger-happy day trader. Here, we have distilled 11 day trading rules together with suggestions to help you follow them. Day Trading Rules Before You Even […]