Wolfe Wave Trading Strategy
This strategy introduced in this article utilizes the Wolfe wave patterns, which were given to the trading world by William Wolfe, a trader who traded the S&P500 index.
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This strategy introduced in this article utilizes the Wolfe wave patterns, which were given to the trading world by William Wolfe, a trader who traded the S&P500 index.
The strategy to be discussed today is the price break of the cloud component of the Ichimoku Kinko Hyo indicator. The Ichimoku indicator has 5 components, one of which is the “Kumo” or cloud.
Today’s strategy shows how to use other components of the Ichimoku Kinko Hyo to produce a tradable signal. This time, the strategy makes use of the Tenkan sen and Kijun sen to produce a trend-reversal signal.
The strategy shows how to trade a short-term or mid-term market reversal using price action that is based on the Fibonacci numbers.
The strategy is aimed at showing traders how to trade a divergence setup within a price channel.
Described traading strategy has been used exclusively by the institutional traders and is only being exposed now by some guys who used to be part of the system.
This is a strategy that is deployed to take advantage of the resumption of a downtrend after institutional traders must have started to take profits off the table.
The rounding pattern reversal strategy uses a chart pattern known as the rounding patterns to create a strategy to trade price reversals.
The power trading strategy combines a double top or double bottom with an inside day candle formation inside a symmetrical triangle.
Here is another day trading strategy which utilizes pivot points. The strategy is good for day traders and is designed to keep them on the right side of the market.