Three Rules of Successful Trading

The 3 Rules of Successful Swing Trading Trade with the pilfer at Your Back The Rule That Hits Home Runs & Be In the right Place at the Right Time by Geoff Bysshe, Pres. Rule #1: Trade the Current marketplace stagecoach Trade with the Wind at Your Back This rule keeps the wind at your back. Stocks and grocerys obviously dont go straight up or straight pop continuously. They cycle up and down in what we call Market Phases. The most obvious application of this excogitation is that exchangers hope to be long during the up phases, short during the down phases, and out of the market during choppy flows. When a strong up or down phase can be dependably identified you make up a real edge in the market. For most traders, however, its not easy to reliably jazz when a market is in a strong trending phase. And if you have tried to systematically define which phase a market is in, you probably found that there ar more than twain phases - up and down. Let us help. Rule #1 is to trade in the direction of the market phase. This gives you an edge. As you become a more sophisticated trader, you will develop specific business strategies that do best in specific market phases.

In developing our trading strategies, weve done a lot of interrogation and back testing to figure out a undecomposable and effective method of knowing whether the market is in an up phase, down phase, or a transitional phase. Start truthful - Assume There are Only 3 Market Phases Below is a daily chart of the S&P 500 (as represented by the SPY ETF). The time termination of this chart was specifically chosen because the trends shift many times making it a challenging period. The daily bars are colored so that the eld of the Bullish Market Phase are green and Bearish Market Phase days are red. White daily bars are transitional market conditions where your market bias would be neutral. The transitional period will be explained later. © 2010 DataView LLC. All Rights Reserved. MarketGauge and Daily Nuggets are registered service... If you want to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!