Floor Trader Trading System

In volatile price moves 1 bar retracements are sometimes valid.

Floor trader trading system.

I use about the same system. The floor traders strategy. But the spirit is. Then it uses a simple pullback formation to enter the market.

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. 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. 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.

This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs. The floor trader trading system is an excellent retracement strategy found on trading naked. 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 s method forex trading system is in my opinion one of the best moving average trading systems around.

A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. More on that later. It identifies entries by combining trend. 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.

2 it uses moving averages to identify the trend and trades in the direction of that trend. The floor trader s method is a trend following system which can be used effectively as a swing trading strategy. I mean the same philosophy. The floor trader s method is built on 3 important concepts.

3 the trading setup or. But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective. It uses two moving averages to determine the trend. 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.

The floor trader system. 1 it is a retracement continuation trading method. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others.