Posts Tagged by day trading strategies

Day Trade Trending Strategy – What I look for while day trading

Day Trade Trending Strategy – What I look for while day trading By Cory Mitchell, CMT [This article was originally published in 2011] This is probably one of the most simple methods I use for trading, and also one of the most highly effective. For this it has been given the very catchy name of the Day…

A Trading Strategy for Stocks or Forex – Truncated Price Swing

A Trading Strategy for Stocks or Forex – Truncated Price Swing By Cory Mitchell, CMT [This article was originally published in 2009] The following trading strategy for stocks and forex can be utilized on any timeframe I have called the trading strategy the Truncated Price Swing.  Because most people are at least somewhat familiar with the stock…

5 Day Trading Tips for Success

Ever wonder what professional traders are doing when the market opens, how they determine the day’s likely direction, handle stops and get an edge based on the time of day? Learn about it here. A great day trading article written back in 2005, but is still very relevant today. Some of the number can be slightly tweaked…

Adjust Day Trading Strategies to Fit Market Conditions

In a recent article for Investopedia entitled, Adjusting Day Trading Strategies For Different Market Conditions, I discuss how day trading strategies can be adapted to suit different market conditions which occur intra-day. Thus, the trader is faced with a choice: trade one strategy and profit only at times that suit the strategy, or trade several strategies that…

A Forex Profit Loophole….

Check this out. While researching new ways to save time trading Forex (without sacrificing pips), this trader kind of stumbled upon 2 ‘discoveries’ that may surprise you. The first one has to do with a ‘flaw’ in how 90% or more of Forex traders think about trading these markets. It’s deceptively simple… -yet it led…

EUR/USD-Tighter and Tighter it Winds….

There was some movement today, but the daily range has narrowed.  The EUR/USD is a trending currency and will eventually make a trending move, but now it trades between two pivotal levels, 1.3430 and 1.3740. The recent swing have given us some support and resistance within the range:  Support comes in at 1.3540-1.3525.  A drop…

Triangle Normally Indicates Breakout, BUT….

Here is your daily outlook for the EUR/USD – March 9, 2010. The pair continues to move in a sideways fashion.  On the hourly chart we have converging short-term trendlines forming a triangle .  Given that the triangle has formed within a well-established range does not indicate a breakout.  Although, a move above 1.3715 would…

Day Trading These Stock Market Swings

I got asked to post a chart of the intra-day trends I mentioned in Stock Market Outlook – Key Support Broken.  What follows is not my actual chart from the last two days, but have recreated here to show the general idea.  I have used SPY in the chart.  There are fantastic tradable moves which…