Learn A Powerful Day Trading Strategy In Less Than 60 Minutes A profitable trading strategy is the most important tool for a trader. This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs and Forex.
Introduction:
“The Simple Strategy” is a powerful trend-following strategy. It’s very popular among traders because of the following benefits:
- Clear Entry Rules: When trading “The Simple Strategy”, there’s no second-guessing. As you will see, the entry rules are based on indicators – and these rules are black and white. Either the MACD is above the zero line or it isn’t. And either the RSI is above 70 or it isn’t. The entries are easy to identify and execute. That’s why this strategy is called “The Simple Strategy”
- Clear Exit Rules: When trading “The Simple Strategy” you’ll know when to exit even before you enter the trade. So, you know exactly how much to risk on any given trade which is essential for precise position sizing and money management. Plus, you can put the trade on auto-pilot once your entry order is filled. This keeps trade management to a minimum. Many traders fail because they over-manage their trades. Using the exit rules of “The Simple Strategy” you won’t run the risk of over-managing your trades. It’s like the “Showtime Rotisserie” – You set it, and forget it 🙂
- Taking advantage of small intraday trends: Trends are short-lived. The times when you could enter the market in the morning and exit the market in the afternoon are over. These days the markets can turn on a dime. Low trading commissions and computerized trading have destroyed the nice and long intraday trends. However, with “The Simple Strategy” you can take advantage of the small intraday trends that we are seeing in today’s markets since we are only trying to capture 15% of the average daily range. More about this later.
- You don’t need a sophisticated trading software: As you will see, you only need a charting software with “basic” charting capabilities: Your charting software needs to be able to plot RANGE BARS, BOLLINGER BANDS, MACD and RSI. More than 90% of the charting software packages that are available today have these capabilities. There’s no need to buy any proprietary indicators or expensive charting software!
In short: “The Simple Strategy” can greatly simplify your trading. Using this strategy has helped ME tremendously in my own trading.
Contents:
- Chapter 1: How The Simple Strategy Can Help You In Your Trading
- Chapter 2: Can You Make Money If Half Of Your Trades Are Losing Trades?
- Chapter 3: What Makes The Simple Strategy So Powerful?
- Chapter 4: How To Set Up Your Charts For The Simple Strategy
- Chapter 5: The Rules Of The Simple Strategy
- Chapter 6: Determining Range Bar Setting For Other Markets
- Chapter 7: Trading With Time Bars
- Chapter 8: How To Trade Forex With The Simple Strategy
- Chapter 9: How To Trade Stocks And ETFs With The Simple Strategy
- Chapter 10: Simple Strategy Swing Trading
- Chapter 11: What To Expect When Trading The Simple Strategy
- Chapter 12: Pitfalls and How To Avoid Them
- Chapter 13: The Next Step
- Chapter 14: Resources
The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex By Markus Heitkoetter pdf
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