Trading Setups – The 1 2 3 Divergence

Today we've asked Tony Edwards to share his favorite trade entry setups with our readers. Tony Edwards has been an active independent trader for nearly 20 years. He trades an extremely wide range of instruments with a special focus on YM, ES, 6E, CL and GC. He offers traders daily, unique support and resistance levels ("TraderSmarts Numbers") as well as Live Trade Alerts via www.tradersmarts.net.

How do you determine when to enter a trade? For system traders entry is not arbitrary. If the specified parameters are present the system executes. For discretionary traders we choose every single entry that we take. It is up to us to physically pull the trigger. Over time all discretionary traders develop a few “go to” setups. These are the setups that have proven time and time again to be effective and profitable.

One of my favorite trade entry setups is what I call the 1 2 3 Divergence. Continue reading "Trading Setups – The 1 2 3 Divergence"

Struggling with Decisiveness - Part 2

From time to time, we here at the Traders Blog will feature a person or product that stands out in the trading world. Today that trader is Chris Irvin of the Wizard.com. Chris will be sharing part of his “Go Moment” trading strategy. Be sure to comment below with your thoughts and questions.

Hello traders, I am Chris Irvin, Senior Instructor at The Wizard. For the past eight years I have been doing what I love to do – communicating the intricacies of the financial markets to those who desire to improve their trading skills. I was never a broker, although I previously spent time with a trust company as well as being a registered representative, so all of my market insights have come from my personal experiences as an active trader for over a decade. My goal is to break down difficult concepts and communicate them in an understandable and possibly humorous fashion. I have traveled across the United States, Australia and Canada to help thousands of people become more successful traders.  Hopefully, this blog will help you! Continue reading "Struggling with Decisiveness - Part 2"

Struggling with Decisiveness

From time to time, we here at the Traders Blog will feature a person or product that stands out in the trading world. Today that trader is Chris Irvin of the Wizard.com. Chris will be sharing part of his "Go Moment" trading strategy. Be sure to comment below with your thoughts and questions.

Hello traders, I am Chris Irvin, Senior Instructor at The Wizard. For the past eight years I have been doing what I love to do - communicating the intricacies of the financial markets to those who desire to improve their trading skills. I was never a broker, although I previously spent time with a trust company as well as being a registered representative, so all of my market insights have come from my personal experiences as an active trader for over a decade. My goal is to break down difficult concepts and communicate them in an understandable and possibly humorous fashion. I have traveled across the United States, Australia and Canada to help thousands of people become more successful traders.  Hopefully, this blog will help you!

Many traders struggle with being decisive.  You know, pulling the trigger.  Why? Mostly because they are never sure about why they are doing what they are doing. The more a trader gets hooked by the “Trading Bug” the more information they feel like they need to consume.  Information overload can cause many traders to become paralyzed with uncertainty.  When it comes right down to it, a trader only needs to know two things – when to get in, and when to get out. Continue reading "Struggling with Decisiveness"

Define Value and Determine Momentum

Today we've asked our friend John Seguin to discuss his groundbreaking trading strategy. John has been member of the Chicago Board of Trade (CBOT) since 1986 and is a seasoned veteran of the trading floor. Working as a broker and analyst for dealer firms such as, DCNY, Greenwich Capital, Sanwa Bank and FIMAT. During his tenure in the trading pits, John began working on an enhanced trading system to address the key components needed to enter high probability trades with defined risk. When industry migration from floor to screen began to unfold, he also took the challenge of producing sound and timely trading strategies for off-the-floor traders to task seeking alternative methods to fill the void of real time information floor traders were able to collect from watching order flow in the trading pits. John has agreed to give our Trader's Blog readers free access to the macrograph charts for two weeks. Continue reading "Define Value and Determine Momentum"

Trade with a Plan – Using a Stop Loss

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his Double Stop trading technique.

Today he’s going to talk about how to include stop orders in your trading plan.

In my opinion, every trade you consider should be laid out ahead of time with a roadmap. A complete map should have an “off ramp” or a place where it makes sense to enter the market. It should also have exits for your destination (profits) as well as off ramps for emergency exits. This part of your plan will likely include stop orders. Continue reading "Trade with a Plan – Using a Stop Loss"