Floor Trader Strategy

The concept behind floor trader strategy this strategy is basically a retracement continuation trading method which uses moving averages to identify the trend and then trades in the direction of that trend.

Floor trader strategy. Then it uses a simple pullback formation to enter the market. The floor trader system scalping this is a retracement then continuation trading method. When the first one forms move the. Let s say that moving averages have no magical powers over 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. Floor trading has become increasingly rare as electronic trading. Higher highs with higher lows. The floor trader s method is a trend following trading system.

A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. Hold on though the first v reversal declines as long as b e stop is not reached. Good things come from hard work. Watch the market.

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. Trading plans for selling or buying using this trading strategy. The trend is your friend.

Traders using this strategy identify the trading trigger on the basis of the reversal pattern that forms after the retracement. Despite all the narrative below this is a relatively simple system for l1 l2. Leave the initial breakeven stop in place. The floor trader trading system is an excellent retracement strategy found on trading naked.

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. Watch for the formation of ascending price waves. It identifies entries by combining trend identification by using moving averages with the technical analysis technique of price candle pattern recognition. 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 system 1.