Trader's Textbook

Trading strategy development

Developing one’s own trading strategy: waiting for a confirmation from another indicator and entering the market (stage 4)


Now we are very close to the moment of opening a position. But before that we must get a confirmation of our ideas from another indicator. In our example it will be Parabolic. Stage 4. We wait for a confirmation from another indicator and enter the market
Figure 1. We wait for a confirmation from another indicator and enter the market
If the price crosses the parabolic line it will indicate it is time to buy (refer to Figure 1). We enter the market at the current price – 1.3223.

What to use: technical or fundamental analysis?
First steps in developing one’s own trading strategy
Developing one’s own trading tactic: how to determine the global trend (stage 1)
Developing one’s own strategy: how to determine the moment of the beginning of a retracement from the prevailing trend (stage 2)
Developing one’s own trading strategy: awaiting for the completion of the retracement (stage 3)
Developing one’s own trading strategy: waiting for a confirmation from another indicator and entering the market (stage 4)

Developing one’s own trading strategy: placing Stop Loss and Take Profit orders (stage 5)
Methods of unambiguous identification of graphic figures
Peculiarities of Trading in the Flat Market.
A Mechanical Trading System - Myth Or Reality?

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