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Technical Analysis
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Trading System
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Peter Bain's commercial forex trading system
Peter Bain's Forex Trading system is based on support and resistant levels using Pivot points. When the price action is confirmed by trend lines and MACD Divergence, the Pivot lines signals entry and exit points. This trading system is easy to learn and execute and yield extemely successful trading results when applied properly.
Stock trading strategy: Swing trading
In swing trading, the idea is to enter trades either against the direction of current movement, in expectation of a reversal or "swing" point, or just after the market has reversed its direction, but before it has built up steam.
Trading Strategy: Momentum trading
The goal of momentum trading player is to buy strength or sell weakness. In systems trading, this is exemplified by breakout models, which buy when prices move above, or sell when they move below, some threshold. The idea is to buy into movement that is expected to continue long enough to make a profit. Grabbing profits as a momentum trader involves jumping onto a developing trend quickly and then jumping off before the trend dissipates.
Trading Systems
A trading system is best learned from a master trader who remains actively engaged in teaching. The master can help the student tailor the system to his personality, financial means, risk tolerance and skill level. The next best approach is to simply read what has been written and adopt it to one¡¯s personal situation. But under no circumstances should one try to wing it without the support of a set of trading rules. The advantage of rule based trading systems lies in their objectivity and consistency. When followed consistently, emotional trading and its associated errors are removed from the equation. As an investment, trading systems more than pay for themselves, not only in profits gained, but also in the amount of capital preserved. This is true not only for advanced automated trading systems but also for a compact set of rules on paper.
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