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.

But the spirit is. Proponents of the trading pit say having people on the floor can help relay the message of the pit and can help provide an assessment of a trader s intentions behind a buy or sell move. More on that later. Then it uses a simple pullback formation to enter the market.

Floor trading has become increasingly rare as electronic trading. 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. The floor traders strategy. Waiting for trend to develop and then enter in a pullback reducing the risk to the minimum and let profit run.

Look at my thread if you want. The floor trader s method forex trading system is in my opinion one of the best moving average trading systems around. The floor trader system. The floor trader s method is a trend following system which can be used effectively as a swing trading strategy.

The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. It identifies entries by combining trend. It uses two moving averages to determine the trend. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual.

I mean the same philosophy. 3 the trading setup or. 1 it is a retracement continuation trading method. The floor trader s method is built on 3 important concepts.

A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. In volatile price moves 1 bar retracements are sometimes valid. 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. But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective.

This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs. I use about the same system. In here i will put my own twist to it and you will learn its trading rules and what the trading setup looks like so you can be able to spot and trade it.