Day Trader Strategy with Higher highs and Lower Lows. Full article here:
Hi trader, we are going over the start of seeing patterns in trading here in this learn to trade series. This method of swing trading is based on using the higher highs and lower lows method by day traders. You are looking for a swing in the market where a higher high is made and a lower low is expected.
This day trader strategy works best when you can apply these trading methods to a chart where you are looking to make an entry on a lower timeframe. Daytrading has many different methods, and this is just one, but a powerful trading method where you take the information of the bull and the bears to decipher what may be the next move in the market.
On top of that swing trader method, I also bring you a unique look into trading with a reversal of your chart. You have to look at the market from both the bullish and bearish perspective to understand both sides of the trading mentality. Day traders and swing traders use this method as it can give you a long or short bias in the market, a direct idea for an upcoming trade or show you support and resistance in the market.
This trading method would be considered technical analysis as we are not using any form of news or information on the stock, forex pair, or futures market.
Bruce Banks, www.envisionchart.com specializing in Futures and Forex
Join Thousands of trades from the United States, Canada, Malaysia, United Kingdom, and around the world using TAS Tools *and free training videos*
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I strive in this channel to deliver a mix of trading knowledge and practical, applicable, how to trade information related to stocks, futures and Forex markets whether you be a daytrader, stock trader, futures trader, or CFD trader.
I’ve gathered literally thousands of students between my trading courses launched via my website www.envisionchart.com, through Udemy trading, and through private courses. Thousands of students can’t be wrong can they? --- Never miss a new video and subscribe here: https://www.youtube.com/user/EnvisionChart?sub_confirmation=1
See all my other videos Here: https://www.youtube.com/user/EnvisionChart
The indicators and methods that I use?
Methods: Technical analysis combined with a cursory overview of the market and it’s behavior as a whole. This includes high low mapping, prior resistance/support, multi time frame analysis, technical, and market conditions from outside sources.
Indicators and platform: TAS Market Profile Tools, custom indicators, and NinjaTrader. On our site we offer both training and a TAS Tools Discount
TAS VEGA is one of the key indicators in the TAS Tools indicator suit. It gives you a clear red light green light indication on strength or weakness in the market. With the orange bars giving you even more insight into what market profile is telling you about the current market situation.
TAS Tools works on Bloomberg, NinjaTrader, Meta Trader 4, MT4, eSignal, Gain Capital, and TradeNavigator. It overlays directly on your chart to give you valuable Market Profile Information in an easy to read interface.
The TAS Tools suit includes TAS VEGA, TAS Boxes, TAS MarketMap, TAS Navigator, TAS Ratio, TAS Static PCL support and resistance indicator, and TAS dynamic PCL support and resistance Indicator.
All of these are based off of Market Map which has been a powerful trading tool used for decades to see information that isn't readily available on your trading screen.
These tools work on Forex markets, Futures Contracts, Stocks, and ETF's.
NinjaTrader offers charting and an easy to customize package, it has been my go to platform for years:
EnvisionChart Website: www.EnvisionChart.com
Trading with Tick and Range Charts For Short Term Profit: https://www.youtube.com/watch?v=u9oUT6Q21qY
TAS Tools Trading Tip Videos:
TAS Trading Tip VEGA ATR Settings:
POC Line Thickness
TAS Tools: VEGA Indicator Orange Bars and Scaling Out -Quick tip-
TAS Tools using TAS VEGA and TAS Boxes For Breakout Trades
Bruce Banks Udemy Courses: https://www.udemy.com/user/trader1867
Bruce Banks Twitter: https://twitter.com/bruce_bank
Sign up for Free Videos and Bonus Content: http://envisionchart.com/free-trading-strategy
More information on TAS Market Profile Tools: