Trading Strategy Part 1
http://www.YourTradingCoach.com Strategy Video 1 – The importance of defining market structure, not just an entry trigger.
7 Responses to “Trading Strategy Part 1”
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Hi bripowered,
Thanks for your questions. Unfortunately I don’t know the timeframe or indicator parameters from this example. The fact is that I don’t trade with bollinger bands or stochastic. These were simply used in this video to demonstrate the concept . As mentioned, my strategy is outined in video part 2 (high level concept only).
Happy trading,
Lance.
Also..what time frame is being used in this example?
what are the parameter settings on your stochastic oscillator and your bands?
Hi nisshenvj,
Thanks for your comment. The best way to answer your question (cause YouTube only allows 500 character responses and it’ll need a LOT more than that) is to recommend some basic trading & TA books. Something like Alexander Elder’s Trading for a Living, or Martin Pring’s Introduction to Technical Analysis. Or search online – there’s lots of info there. The ‘babypips (dot) com’ site has a good forex based education, although the TA is applicable to all markets.
Cheers,
Lance.
Lance, I am a novice investor I am not sure whether you will reply to my queries.
1. Usually when the market opens the trend varies That means a chart can only be obtained after the days closing. So how can we find a entry trigger and stop other than speculation??
2. From other videos I came across the words like 5 ,15,30mins candles, 100/200 days moving average, , Would you be able to give some about what is this?
Excellent explanation and tips!!!
Thank you for sharing!!
good work !