Latest Trader Channel Posts
Elliott Wave International
Inside Day
Two-Bar Patterns For Trading The S&P500
Fri, 20/05/2011 - 13:33
In this webinar, I discuss several intraday trading strategies specific to the S&P500 index based upon inside-day and outside-day setups.
Most of these strategies have better than a 2-1 win/loss ratio. One seldom-seen setup enjoys an 80% success rate.
Several members have asked me if these setups would work as well in the FX market.
Tags: Once per month EUR/USD has an ID/NR4 day - as yesterday
On Friday EUR/USD had an ID/NR4 day. An inside day (ID) has a higher low than the previous day's low and a lower high than the previous day's high. An NR4 is a trading day with the narrowest daily range of the last four days. Historic data shows that in the last 24 months it has occurred 30 times with the EUR/USD pair (on average 1.25 times per month).
Trading The Two-Bar Chart Pattern
In this screencast, Kevin demonstrates one of the simplest, yet seldom-used, strategies for taking advantage of short-term price moves.