Floor Trader Trading System

2 it uses moving averages to identify the trend and trades in the direction of that trend.

Floor trader trading system.

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. The floor trader trading system is an excellent retracement strategy found on trading naked. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual. 1 it is a retracement continuation trading method.

This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs. Then it uses a simple pullback formation to enter the market. 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.

But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective. Waiting for trend to develop and then enter in a pullback reducing the risk to the minimum and let profit run. The floor trader s method is built on 3 important concepts. 3 the trading setup or.

The floor trader system. In volatile price moves 1 bar retracements are sometimes valid. 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. Floor trading has become increasingly rare as electronic trading.

But the spirit is. Look at my thread if you want. I mean the same philosophy. It uses two moving averages to determine the trend.

A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. I use about the same system. The floor trader s method forex trading system is in my opinion one of the best moving average trading systems around. 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.

The floor trader s method is a trend following system which can be used effectively as a swing trading strategy. The floor traders strategy. More on that later.