Wednesday, December 30, 2015
Using Day Trading Software
Finding ways to learn day trading to become successful every day often requires a proven day trading program. Unlike school, where you to were tested to determine what you learned, evaluating your day trading abilities are typically measured through the profits and losses reflected in your trading account. If you have purchased quality day trading software, but find yourself struggling, it might be time to be honest with yourself on how much of the information you have really learned. Typically, by spending a reasonable amount of time each day going through the educational material, you should be ahead of the game and producing profits as a result. If not, you may not be fully invested in the learning process. Focus on Your Day Trading System Just like when you are in school doing homework, you need to study in a quiet environment that provides the ability to focus only on the materials you need to learn. Remember that trading is your business, and it needs to be treated as such. You
https://www.indicatorwarehouse.com/using-day-trading-software/
Monday, December 28, 2015
Buying Guide for Choosing the Right Day Trading System
Is your trading system lacking or not consistently profitable? Watch this Special Presentation to learn the most profitable best practices used by the most successful traders for creating or improving a high performing trading system. This presentation will show you: A Winning Strategy is Accurate, Not Complicated How to Ensure you Take the Best Opportunities Dead Easy Money Management & Position Sizing How to Build a System that Works for YOU How to Safely Test Your System in the Real World How to Continue to Improve Your System over Time //www.youtube.com/watch?v=qhD0E6taods
https://www.indicatorwarehouse.com/buyers-guide-for-choosing-the-right-day-trading-system/
Saturday, December 26, 2015
Three Great New Trading Books
Erich was on a hiatus to work on his own materials under his own business banner, He has completed (or updated) three New publications. Note: These books contain valuable information for both Indicator Warehouse Trading Systems owners and regular commodities traders. Trading Strategies for the Short Funded: the Secret Setups The manual is a distillation of the most effective trading setups that I have learned over the years and are formations that I use every day. The beauty of the strategies, which I call the Secret Setups, is that they are truly universal. It doesn t matter if you’re looking at a stock chart, Forex or Futures, the strategies work. The Truth About Trading Support and Resistance The most comprehensive book dedicated to Support and Resistance anywhere 104 pages covering 10 chapters and 4 extra sections full of charts, tips and examples. Find out how to correctly identify Support and Resistance and use it to gain an edge in your own chart analysis. Inclu
https://www.indicatorwarehouse.com/three-great-new-trading-books/
Thursday, December 24, 2015
Learn How to Keep Your Trading Flame Alive
When you go to work every day and do a job that seems boring and routine, how do you keep going? When the trading business that you have started does not seem to be going anywhere, how do you keep motivated? In short, when faced with this situation how do you keep the flame alive? The flame of enthusiasm, of interest, of pride in your effort? It s not always easy. Sustaining a positive attitude in face of setbacks is not always easy. It s hard to maintain enthusiasm amidst monotony. It can be difficult to keep working hard when your long-term success is met with short-term failures. But you must! You must believe really believe, you can be successful. Because you will be. You must believe really believe, you can do better. Because you can. The trading world is full of people seemingly more successful than your. Just a brief search on the Internet will a many examples of successful people winning the trading game. Ask yourself: What makes them different?
https://www.indicatorwarehouse.com/learn-how-to-keep-your-trading-flame-alive/
Tuesday, December 22, 2015
Sometimes Less is More – The Overtrading Trap
Most traders think they need to trade a lot to make a lot of money. I once counseled a fellow who wanted to be a “scalper”. He thought he had to trade 100 times a day. Imagine his disappointment when I told him he’d never be a successful trader trading that often. It wasn’t a surprise when he never came back. I knew another trader who, in an effort to take more trades and (hopefully) make more money, traded a 30 second chart. He was so jacked on coffee and cigarettes watching a 30 second chart scroll by, I’m amazed he didn’t give himself a heart attack! In the end taking all those 30 second signals didn’t help his bottom line any. Sometimes Less is More It is a common misconception in trading that “more is better”. I admit, on the surface it seems to make sense: if I trade more I will make more money. But this is not true. In fact it is probably the exact opposite of what you should be doing! People who trade this way equate trading to other non-trading activities l
https://www.indicatorwarehouse.com/sometimes-less-is-more-by-erich-senft/
Sunday, December 20, 2015
Easy Rules | Easy Signals
How many times have you been told trading is easy? But when you buy that shiny new day trading system you soon find out that there are so many conditions required to make a trading decision that by the time you do, it’s too late. Quickly, you panic and “slam” the buy/sell market button, but by then the move is over and price is soaring toward your stop. So what happened? You just spent what seems like an eternity to make a day trading decision on what seems like 1000 conditions only to be disappointed yet again. Maybe you feel that a visit to your local medium would help you trade better :). So how can we avoid this? Is there an easier way? The fact of the matter is that there is, and it’s called simplicity. Diversified Trading Systems (DTS) rules are so easy that you can have them memorized quickly and with the easy to spot signals and audible alerts you could greatly reduce your amount of stress when it comes to making a trading decision. Watch the video an
https://www.indicatorwarehouse.com/dts-101-part-2-easy-rules-easy-signals/
Friday, December 18, 2015
Common Security Issues in Your Home Trading Office
How to Handle Common Security Issues for Online Trading Software If you work out of a home office, security is going to be a more important issue for you than it is for most computer users. You may be using your computer to access websites that have confidential information on them, you may be using online trading systems as a day trader or you may be sending e-mails that need to be kept private. Security is paramount to being able to do all of these things with peace of mind. The very basic security measures that you want to follow for a home office are simple and don t require a great deal of technical knowledge. Accessing Your Futures Trading Account Through Your Home Network Even if you re not interested in hooking up through a wireless network, most of the routers you ll see on the market today have wireless capability built into them. In fact, the modem that came from your Internet provider probably has wireless capabilities built into it, as well. Your home office network shoul
https://www.indicatorwarehouse.com/online-trading-software-common-security-issues/
Wednesday, December 16, 2015
Scalping with DTS Q & A
Day trading is often referred to as “scalping.” Recently I was asked to answer a group of questions that traders or investors might ask as it pertains to using scalping strategies. Question: What part scalping plays into my overall trading strategy? Answer: Generally, when maintaining several positions using many strategies, scalping gives me the opportunity to be engaged (trading) while taking advantage of shorter term price movements. Question: What are you looking for on entry? Answer: I look for very short term or temporary price extremes for the majority of my scalping trades. I pay close attention to levels of short term “congestion” and “strength”. However, it is important to remember that the entire process is 100% subjective. Question: What type of products do you look for in scalping? Answer: The most important factor when I look at a product is liquidity. When “active” trading you must have the ability to get “in” and “out” without h
https://www.indicatorwarehouse.com/scalping-with-dts-q-a/
Monday, December 14, 2015
Keeping a Day Trading Futures Journal
Learning from Each Trade You Make Day Trading Futures As an amateur or professional trader engaged in day trading futures markets, you should always keep a trading journal filled with entries on every trade you make, along with the market conditions and all information associated with each event. The trading journal you use can be an unassuming notebook that has separate pages for every one of your trading sessions. It should be filled with all the trades you make, and the ones you considered but never actually performed. Tracking Day Trading Futures Market Conditions By writing down the conditions of the overall market leading up and during your day trading futures session in your trading journal you can list the entry price, exit price and all of the expected gains including the market’s moving direction. Producing a quality trading systems that work will allow you to perform analysis of all of your trades once you have exited and closed out your trade from the market. Update Your
https://www.indicatorwarehouse.com/keeping-a-day-trading-futures-journal/
Saturday, December 12, 2015
Trading Session Times… When is the Best Time to Trade?
If you’ve been trading for any time at all you’ve probably endured hours of boredom watching charts go by tick-by-tick only to have the market explode the minute you step away from your trading platform. Did you know there are “best times” to trade for nearly every market? With the exception of special report days, which are a category all to themselves, finding the best times to trade is not difficult. And if you focus on the trading session during those periods you will not only increase your chance of finding a profitable trade but you’ll avoid wasting your time as well. A quick look at a chart for the market you’re interested in will usually reveal a pattern when prices tend to become most active. For example, Crude Oil (CL) is most active in the morning session, usually between 10:30 – 11:30 am Eastern with some strong moves going right through the lunch hour – traditionally a weak time for most markets. In contrast, trading Crude Oil in the afternoon is the fin
https://www.indicatorwarehouse.com/trading-session-times/
The Best Times to Trade Each Market
If you’ve been trading for any time at all you’ve probably endured hours of boredom watching charts go by tick-by-tick only to have the market explode the minute you step away from your trading platform. Did you know there are “best times” to trade for nearly every market? Yes, it’s true. In fact, there are even trading indicators designed around this concept. With the exception of special report days, which are a category all to themselves, finding the best times to trade is not difficult. And if you focus on trading during those periods you will not only increase your chance of finding a profitable trade but you’ll avoid wasting your time as well. A quick look at a chart for the market you’re interested in will usually reveal a pattern when prices tend to become most active. For example, Crude Oil (CL) is most active in the morning session, usually between 10:30 – 11:30 am Eastern with some strong moves going right through the lunch hour – traditionally a weak time
https://www.indicatorwarehouse.com/prime-time-trading/
Friday, December 11, 2015
Making Good Trades in Thin Markets | End of Year Trading
That s it. All Done! Wrapped up and checked off. Think I m talking about Christmas shopping? I WISH! Actually, now I can begin that task because we re DONE TRADING FOR THE YEAR! If you feel you must absolutely trade this week, tread carefully in these thin markets. Keep in mind, we recommend trading very cautiously after this week until the second week of January at the earliest! Our systems will do an excellent job of keeping you out of the dangerous inaction, but holiday trading makes for slow conditions. Here are a few tips for using the Diversified Trading System (DTS) in Thinner Markets. Make the SECOND Move: Wait to find movement FIRST, then look for good trades. many times during thinner markets, only some instruments will move, while others will stagnate for hours or longer. Going after the instruments that seem to have more life will increase the likelihood you are swimming in the deeper end of the shallow pool. Follow The Leader: Interestingly enough,
https://www.indicatorwarehouse.com/diversified-trading-system-and-the-holiday-market-making-good-trades-in-thin-markets/
Thursday, December 10, 2015
How Many Legs Does a Market Have?
It sounds like a kid’s joke doesn’t it? Yet recognizing which “Leg” of a move the market is on can be very helpful in gauging how much “life” is left in the move. We all want to maximize the profitability of our trades, and counting legs can be one way of doing this. What is a “Leg”? Legs are a trading term used to describe the progression the market makes from rally to rally. Some traders refer to them as “waves”, “swings” or “pushes”. The more Legs a market has made in one direction the more likely it is that the trend is running out of steam. Conversely when a market begins making new Legs it is likely that there is a lot of strength behind the market and price will likely continue in its new direction. How to Identify Market Legs The Leg count begins when the market violates a previous support or resistance area. Identifying these support and resistance areas are easier if you use a range style bar such as the Mean Renko Bars which come standard with th
https://www.indicatorwarehouse.com/how-many-legs-does-a-market-have/
Wednesday, December 9, 2015
Tuesday, December 8, 2015
Risk Management 101: Using a Stop Loss
Stop Loss positions are critical for understanding the value of good risk management. Remember that in many ways our trade is only as good as the stop we use as it affects risk/reward ratio, win percentage and how long we are in the market during volatility and a move against us. Below are some various approaches to where to put the stop a the initial entry of the trade. Keep in mind that this is not a comprehensive list as there are so many different ways to accomplish the task. That being said, if you are a new trader to forex, I hope that the following approaches give you a reference point to get started. Before we actually take a look at the specific areas, a quick few words about what we do when we find good areas to place your stop behind. First off, make sure that you give market enough breathing room for volatility around the area. What I mean is that even when you find an area in the market you want to use for protection and it s actually a good or usable area, y
https://www.indicatorwarehouse.com/risk-management-101-using-a-stop-loss-part-ii/
Sunday, December 6, 2015
6 Stages of Day Trading Evolution
I recently received another great Thank you from a client of Indicator Warehouse. Nothing speaks louder than a customer saying Job well done. As I was adding the new comment to our Testimonials page, I realized there is actually something even Better than a New satisfied customer and that is an OLD satisfied Customer. I have to say I was caught off-guard by how many people having written back in with such positive Updates about their trading journey. Look I am proud of the innovative trading tools and services we ve brought to the marketplace. But, the true test of value is longevity. Knowing that people are successfully using our trading solutions on a long-term basis is the ultimate business trophy. Being the diligent businessman that I am, I decided to make my mother proud and actually put my degree in comparative religions to good use. I set to the task of analyzing the comments of our long-term customers in search of any common threads of wisdom. Here are Six things I
https://www.indicatorwarehouse.com/the-evolution-of-a-day-trading/
Friday, December 4, 2015
Can you Predict the Market?
What’s the difference between a Weatherman and a Trader? I asked this question in a private user group a little while ago and stumped quite a few people. Do you know the difference? On the surface they seem the same, but there is a very importance difference between the two. The main difference between a Weatherman and a Trader is that the Weatherman tries to predict what will happen next, whereas a good Trader reacts to what IS happening. A subtle difference, but understanding that difference can make, or cost you, a lot of money. Too many traders get caught up in trying to predict the market. I have friends pushing stock charts in front of me all the time asking “where’s it going from here?” The truth is I don’t know, no one does (and if they tell you differently they’re lying) but what I do know is IF the market does THIS, then THAT should happen – that’s reactionary. That’s reacting to what the market is doing, not trying to predict the market and what it WILL
https://www.indicatorwarehouse.com/predict-the-market/
Wednesday, December 2, 2015
Is Day Trading Futures a good Choice For You?
Day trading futures is not for the weak of heart. The futures markets tend to see a great deal of movement during the course of any given day and, even more than that, a futures trading strategy can be very complex compared to the strategy you d use to invest in stocks. If you want fast moving, exciting and potentially very profitable trading, however, futures may be calling out to you. Up or Down You Can Still Profit When Day Trading Futures If you have a basic knowledge of trading stocks, you know that it s generally a good thing when the market is going up. This is usually what s called a bull market. In the futures market, things are a bit more complicated. Futures trading systems allow people to make a profit whether the market is going up or down. The way this works is by using long trades and short trades as is appropriate. A long trade is a bit more intuitive. You enter into the trade by purchasing a futures contract. When you day trade futures, you can usually purchase quanti
https://www.indicatorwarehouse.com/day-trading-futures/
Tuesday, December 1, 2015
Subscribe to:
Posts (Atom)