Trading Psychological Numbers A common method used by traders to identify Support and Resistance levels is by using psychological numbers that are commonly referred to as “Round Numbers”. Most people (including traders) have an easier time comprehending and understanding Round Numbers. Assume that another trader asks you where the S&P 500 is going to top …
Tag: Trading
Opening Range Breakout
Opening Range Breakout – Larry Williams, Toby Crabel, and Sheldon Knight Methods The Opening Range Breakout is a very common trading strategy that has been around for many years. In over a decade of trading, it is one of the very few daytrading strategies that I have found to be fairly consistent. An article I …
Before You Start Live Trading Strategies
Understanding NinjaTrader’s Options for Trading Strategies There is an excellent description of NinjaTrader’s Strategy Position vs. Account Position in the NinjaTrader Support Guide. You should definitely understand this before you start your trading strategies live. Positions for Trading Strategies Once you understand this difference, you should also familiarize yourself with the properties …
Point And Figure Price Action Indicator
Point And Figure Price Action Indicator Point and Figure is a charting technique used to determine trends in the market. Point and Figure charting can be used in Futures, Forex, and Equities trading. This Point and Figure based Price Action indicator for NinjaTrader includes the following features: Optional Arrows to show when the trend has …