Floor Trader Strategy

Watch for the formation of ascending price waves.

Floor trader strategy.

The floor trader trading system is an excellent retracement strategy found on trading naked. The floor trader s method forex trading strategy one of the best forex trading strategies around moving averages for the floor trader method. 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.

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. Despite all the narrative below this is a relatively simple system for l1 l2. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. The trend is your friend.

Watch the market. The floor trader system 1. Floor trading has become increasingly rare as electronic trading. It uses two moving averages to determine the trend.

When the first one forms move the. Let s say that moving averages have no magical powers over the market. Hold on though the first v reversal declines as long as b e stop is not reached. Trading plans for selling or buying using this trading strategy.

Higher highs with higher lows. Leave the initial breakeven stop in place. Don t let all the rules discourage you from using it. The floor trader s method is a trend following trading system.

The decision to use it or not on a live account should be made after thorough back testing and forward testing. Then it uses a simple pullback formation to enter the market. The floor trader system scalping this is a retracement then continuation trading method. It identifies entries by combining trend identification by using moving averages with the technical analysis technique of price candle pattern recognition.

Good things come from hard work.