A Renko chart forms bricks of a certain size, and only forms a new brick once the price moves that amount. This helps filter out price noise, see the dominant trend, and can be used as a trailing stop loss....
The EURUSD day trading strategies produced a potential profit of +12.61R this past week (“R” is described below), plus another 8.9% in Broken Break trades (a strategy I’m still working on). That’s +12 to 21% on the account for the...
This introduction to TradingView charts covers setting up charts, drawing tools, the risk/reward tool, measurement tool, indicators, watchlists, and saving layouts.Use this link to save up to $30 on your TradingView subscription. The following chart shows many of the tools...
As a professional day trader since 2005, I spend 2 hours per day taking day trades. My trades last several minutes each, and I take on average 3 to 4 trades per day in that 2 hour period. Assume an...
The EURUSD day trading strategies produced a potential profit of +12.59R this past week (“R” is described below). That’s +12% on the account for the week if risking 1% per trade. The strategies used, and their statistics for the week,...
A trading plan is a document we create for ourselves that outlines exactly how we will trade and operate in relation to our trading activities. Having a trading plan, and following it, builds consistency and allows for improvement over time....
I am no longer taking long trades currently and actually cut some positions back on Tuesday. This is mainly due to quality setups lacking follow-through once they break out. Additionally, the major indexes are not confirming each other. The NYSE...
This is how the EURUSD day trading strategies I am using performed during the month of June. I only trade for approximately 2 hours each day, so these results are for the period between roughly 8 and 10 AM EST,...
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