Floor Trader Trading System

Floor trading has become increasingly rare as electronic trading.

Floor trader trading system.

Waiting for trend to develop and then enter in a pullback reducing the risk to the minimum and let profit run. 1 it is a retracement continuation trading method. In volatile price moves 1 bar retracements are sometimes valid. Look at my thread if you want.

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. This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs. More on that later. The floor trader s method is built on 3 important concepts.

3 the trading setup or. 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. The floor traders strategy.

I mean the same philosophy. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. It uses two moving averages to determine the trend. Then it uses a simple pullback formation to enter the market.

I use about the same system. 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 trader system. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual.

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. But the spirit is. It identifies entries by combining trend.

The floor trader trading system is an excellent retracement strategy found on trading naked. 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. The floor trader s method forex trading system is in my opinion one of the best moving average trading systems around.