Floor Trader Trading System

This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs.

Floor trader trading system. 2 it uses moving averages to identify the trend and trades in the direction of that trend. More on that later. It identifies entries by combining trend. In volatile price moves 1 bar retracements are sometimes valid.

I mean the same philosophy. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. Waiting for trend to develop and then enter in a pullback reducing the risk to the minimum and let profit run. Floor trader system forex strategies revealed advanced system 13 fx floor trader strategy doc page 2 of 14 24 07 10 the floor trader system scalping this is a retracement then continuation trading method.

The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. If phoning in the trades the trader would have to resort to trading at the market or at a limit price giving up a tick or two. A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. The floor traders strategy.

It is called a new system based on moving averages and this system is not as simple as it is described in the first page. In here i will put my own twist to it and you will learn its trading rules and what the trading setup looks like so you can be able to spot and trade it. 1 it is a retracement continuation trading method. It uses two moving averages to determine the trend.

The floor trader trading system is an excellent retracement strategy found on trading naked. But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective. 3 the trading setup or. Look at my thread if you want.

Floor trading has become increasingly rare as electronic trading. I use about the same system. Then it uses a simple pullback formation to enter the market. The floor trader s method is built on 3 important concepts.

The floor trader system. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual. But the spirit is.