I guess for me my favourite setup I could take from this book is the Turtle Soup setup which is explained so simply that anyone can attempt it but mastering the trades would takes a lot of hard work. However, the explanation behind their strategies is helpful to know. Mostly, the authors have written about swing trades in equities and commodities, and how referring different types of charts can help in augmenting returns and profits. There are more than 15 strategies one can use for intraday trades, swing trades in both equities and commodities, and in the philosophical section they have mostly, talked about how to react to the NEWS, how Smart In this book, the authors talk about a few trading strategies and the philosophies required when investing and trading.
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Sell the first rally after a new low. Afternoon strength or weakness should have follow through the next day. The best trading reversals occur in the morning, not the afternoon. The larger the market gaps, the greater the odds of continuation and a trend. Look for the market to either test and reverse off these points, or push through and show signs of continuation.
The last hour often tells the truth about how strong a trend truly is. As long as a market is having consecutive strong closes, look for up-trend to continue.
The up trend is most likely to end when there is a morning rally first, followed by a weak close. High volume on the close implies continuation the next morning in the direction of the last half-hour. In a strongly trending market, look for resumption of the trend in the last hour. There are four basic principles of price behavior which have held up over time. Confidence that a type of price action is a true principle is what allows a trader to develop a systematic approach.
The following four principles can be modeled and quantified and hold true for all time frames, all markets. The majority of patterns or systems that have a demonstrable edge are based on one of these four enduring principles of price behavior. Charles Dow was one of the first to touch on them in his writings. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future.
Mark that word — Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
Il set up ANTY di Linda Raschke
Similar to the strategies discussed in my previous article , the authors attribute it to the stage when the price tests the range borders. It is also focused on profiting from false breakouts and roll-backs from the borders. But this time, we analyze the price movement on a significantly shorter history interval involving the previous day only. The lifetime of an obtained signal is also relatively short, since the system is meant for intraday trading.
Street Smarts: High Probability Short-Term Trading Strategies
80-20 trading strategy