Day Trading Strategy to Identify Opportunities for YOUR Trading Goals

– How do you find YOUR best pattern?

o Lots of options

 Breakout trades
 Reversal traders
 Scalping trades
 Swing trades
 Crude, Gold, Russell, ES

o Experience and a larger account we can trade almost anything, but remember that doesn’t mean I should trade everything!

o What are the characteristics of the BEST pattern?

 Lots of room to run (profit potential)

• Nothing above me for a long
• Nothing below me for a short trade
• Breakout trade
• Or a reversal trade with a wide range to work with

 Moving market, lots of speed, High ATR

• Dollar moving
• Pace of tape increasing with speed
• Average true range is rising

 Perfect structure

• Reason I use range charts

– Time and Sales, what does the GREY background mean?

o Sellers at the lows

o Buyers at the Highs

o Log into your advanced course and open the time and sales window properties document to see how to make it look like this.

– Importing indicators
– Need new templates: traderoom_fast & trademanagementchart
– Auto levels indicator

o Font Size

– Chart templates
– Make font smaller, changing chart properties
– Pace of tape, load the template