Floor Trader Trading System

I mean the same philosophy.

Floor trader trading system.

The floor traders strategy. The floor trader s method is a trend following system which can be used effectively as a swing trading strategy. Look at my thread if you want. But don t let its simplicity deceive you there are subtle factors you need to take note of for it to be effective.

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. In volatile price moves 1 bar retracements are sometimes valid. The floor trader system. 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.

It uses two moving averages to determine the trend. But the spirit is. This procedure would be reversed for buy signals the best retracements will contain 2 5 bars before the reversal occurs. The floor trader s method is built on 3 important concepts.

The floor trader s method forex trading system is in my opinion one of the best moving average trading systems around. 3 the trading setup or. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. 1 it is a retracement continuation trading method.

2 it uses moving averages to identify the trend and trades in the direction of that trend. More on that later. 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. Waiting for trend to develop and then enter in a pullback reducing the risk to the minimum and let profit run.

I use about the same system. 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. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. The floor trader trading system is an excellent retracement strategy found on trading naked.

Then it uses a simple pullback formation to enter the market. Floor trading has become increasingly rare as electronic trading. It identifies entries by combining trend.