November 2, 2011

Day trading strategy uses Price Wedge for profitable trading

Disclaimer
———————————————-
SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. Testimonials may not be representative of the experience of other clients. Testimonials are not a guarantee of future performance or success. No compensation is ever paid in exchange for any testimonials. Testimonials have not been independently verified.
———————————————-

One of my favorite day trading strategies is using a price wedge.  Price wedges aren’t just a day trading strategy, they are a big clue for market personality.
The first way that I use this day trading strategy is sell the highs and buy the lows of the price wedge.  The next way to use this day trading strategy is to avoid trading the MIDDLE of the price wedge, and the final way to use this strategy is to look for fake-out breakouts at the highs and lows, expecting price to come tumbling back into the price wedge above or below you.
I’m always looking for price to fail at the highs and lows of the price wedge, but sometimes the buyers are too strong through the highs, or the dollar index correlation tells me to buy anyways, and I will then take the trade long above the highs if the market is too strong to fail.
Day trading with a price wedge is a strategy that anyone can learn, and we train all of our members on the best ways to profit using them.
Price Wedge day trading strategy for any market
Price Wedge day trading strategy for Crude oil futures

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: