Sunday, October 23, 2016

Best day trading films videos

Keep learning and stick to accept new day trading education is the best way for all professional day traders to adapt to the market. 

In this article, we'll show you the best day trading videos or films. I believe there are several day trading secrets to success.

First Discovery videos : manhunt by Joel Lambert

Former Navy SEAL Joel Lambert against the world's most experienced hunting and tracking units.It is a great video on escape strategies for day trading beginners.

He will show you the details of the escape skills.

First of all,you should establish escape plan.In my opinion,every beginner should make a day trading business plan because it can guide your practices.

Visit more day trading business plan:
Super trader:make consistent profits in good and bad markets by Van K.Tharp

Secondly you should realize your strengths.You must have faith,know you are right,must be able to achieve success.

Eventually you should evade the risk.Not only Seals need to avoid the enemy's Chase,but also successful day traders need to avoid risks.

I am convinced that successful day traders need to realize yourself,make a day trading business plan,design day trading systems,money management (position sizing strategies).

Second The Great Raid (2005)

Third The Next Three Days (2010)


Fourth Inception (2010)

Fifth Jiro Dreams of Sushi (2011)

As a day trading beginner,How do you look at the day trading job? A Japanese chef tells us about
his successful career.He has been running a Michelin three-star sashimi restaurant for 50 years.
So as a day trading beginner should also have a down-to-earth work attitude.


Sixth Learn to dance Waltz for beginners.

It is the best guide for day trading beginners.You should learn to adjust position size.

The way you count the Waltz is 1,2,3 – 1,2,3.All the beats in the Waltz are equal and the tempo is usually slow.
Many day trading beginners start by immediately risking the full amount of funds.

The way you count the day trading is 1,2,3 -1,2,3.All the beats in the day trading are equal and the tempo is usually slow.They are the most fundamental basic day trading steps.

For instance firstly margin should be divided into 3 parts.Buying google stock for the first time can use very small position size - 10%.

Buying google stock for the second time can use the position size - 20%.

Buying google stock for the third time can use the position size - 30%.

Seventh Schutzengel actor:Tilman Valentin Schweiger 2012

Eighth The Wild Geese 1978

Saturday, October 8, 2016

Day trading strategies for beginners

For two decades I used primarily grid trading strategy and moving average strategy in day trading market. Therefore, today I will show my day trading strategies for beginners.
  1. Day trading is not for all traders. We should find the trading style that fits our personality.
  2. The reason many beginners fail on day trading is that they can't pick the perfect stocks, currency pairs and futures. So we should choose the right market start the day trading business.
  3. Many beginners think there must be a simple day trading strategy can suit every day trading market. I think it is as if it does not exist.
  4. We have to improve our risk management, except for developing the day trading system.
If you want to establish a day trading strategy, you have to consider six things:

First, which currency pairs to choose while day trading? After the demo trading, I found myself good at trading USDJPY and AUDUSD. 


Second, which time frames to watch while day trading? I'm a day trader, so I will choose the four hour and one hour chart.

Third, which indicators you will use?

  • I will use a trend line to identify the major trend on the four hour chart.
  • I will use the average directional index to determine the strong trends.
  • I will use the relative strength index to spot the overbought and oversold on the one hour chart.
Fourth, many beginners always take one position at a time. So I will trade with the grid trading strategy. 
  • use a lot size of 0.1 per trade.
  • Decide the grid level is 15 pips
  • Once I have identified an uptrend, I will only use the one direction grid trading strategy.
  • Once I have determined a ranging market, I will use the bidirectional grid trading strategy.
Fifth, many beginners can't follow the day trading rules. They just want to make profit from forex. Therefore, I will write down my day trading tips and rules.

Finally, if I have built a forex day trading checklist, I can practice the day trading strategy on a demo account.


Now I am going to show you the best Intraday trading strategy.

Day trading with only the 20-period moving average

When you see it, you can feel very amazed, because you are certain, believe not quite. Yes, I am going to day trading with only the 20-period moving average.

My first day trading goals will be to keep it simple stupid!

First, I will use the 20-day moving average to identify the main trend on the 4 hour chart.



Second, once I have identified an uptrend on the 4 hour chart, I should decide to go long a currency on the one hour chart.



Third, Once I have identified a downtrend on the 4 hour chart, I should decide to go short.

Fourth, when the day trading markets are mixed, I will close all positions.

At last, I think a moving average line is a easy way to find the general trend in day trading market.

Now you must open a demo account and practice your own day trading strategies
Further reading: Learn Forex: The 200 Day Moving Average

Grid trading forex system


Day trading strategies that work

I believe you are looking for day trading strategies that work. Here's how to make money with them.

Beginners could find many day trading strategies online. For instance: momentum day trading strategies, Reversal trading strategies or news trading strategies. 

But you may wonder why I still can't make consistent money in day trading market.

Developing a day trading strategy that fits your personality

All beginners are just copying popular day trading systems. They would never try to understand the advantages and disadvantages of trading systems. In fact, it's best only when it fits you.

For instance, I often use grid trading system on the one hour chart. I suppose it can work really well in range market. However, its disadvantages are also obvious.
  1. If the trend continues, it will blow up the forex trading account.
  2. It won't make enough money, because you will place multiple trades instead of placing one trade.
Therefore, I will write day trading checklist every day. It can help me identify the direction of the trend.

Now, you must open a demo account and practice your day trading systems. Only in this way can find the best day trading methods.

Finding the right currency pair to match your trading system

Best day trading method alone is not enough. You must find the best currency pairs to trade.

In my opinion best pairs to trade with are EURUSD, GBPUSD, AUDUSD, USDJPY. They are work well with moving average crossovers.

If I am going to use the grid trading system, I will trade GBPJPY

At last, all day trading strategies should written into day trading business plan.

More reading: How to trade GBPJPY without losing your shirt

Day trading strategies using price action patterns

In the day trading market, price action patterns may better than using indicators. Because they can help you understand when to buy and sell a currency pair more quickly. Here are my best price action strategies for day traders.

Trend lines in price action

I think trend lines can help you read the price action. It is especially important that you can identify the direction of the trend. 
  1. As long as prices remain above the trend line, the uptrend will continue.
  2. As long as prices remain below the trend line, the downtrend will continue.
  3. If the price breaks through the trend line, I will use the reversal trading strategies.

Support and resistance levels in price action

If you use forex grid trading strategy, you will achieve the phenomenal success that I have felt.
  1. If the price bounce off the support or resistance lines, I am going to buy low and sell high when day trading.
  2. If the price passes through the support or resistance lines, I will day trading with moving averages.

Other best price action patterns for day trader

In day trading market, I often use the following price action patterns.
  1. Head & shoulders
  2. Double bottom or double top pattern
  3. Rounding top & rounding bottom
  4. Bullish & bearish engulfing bar
  5. Pin bar
My day trading strategy here is to write a day trading checklist before every trade. This includes all my best price action patterns.
  • If I determine the direction of the trend, I will use the moving average strategies for day trading
  • If I find a range-bound market, I am going to use the grid trading strategy.

Day trading breakout strategy

My favorite strategy here is forex day trading breakout system. I think you must have heard of it! Now, let's get started.

First, choosing the best currency pair to match the day trading strategy

I believe it can only be done with proper currency pairs. Therefore, I will use the following for day trading breakout:
  1. EURUSD
  2. GBPUSD
  3. USDJPY
  4. USDCHF
Second, choosing the best chart time frame

I mainly use one hour & four hour chart because I am most familiar with them.
  1. I will use a trend line to identify the main trend on the 4 hour chart.
  2. I will find a day trading entry and exit point on the one hour chart.
Third, my day trading indicators you must know
  1. I will use the trend line to enter and exit trades
  2. I will use the ADX indicator to determine the strength of trends.
Here is my day trading breakout strategies example:

Now I am going to day trade GBPUSD.

First, I will use a trend line to identify the main trend on the 4 hour chart. On January 12, I will enter a long position after the price break out above the resistance line and ADX indicator readings above 30.


Second, I will find the day trading entry and exit points on the one hour chart.

  1. If the price breaks out a horizontal resistance line, I will buy 0.03 at 1.3679.
  2. As GBPUSD break the rising trend line is showing bearish market.

Third, I will set my stop loss order at 1.3601.

Finally, I would like to say.
  1. Day trading may not right for you. So you had better to open a demo account and test your day trading breakout strategy.
  2. If you want to spot breakouts in time, you can create price alerts on the Metatrader 4 platform

Friday, October 7, 2016

Best day trading forum sites for beginners

Although you can read a lot of resources on day trading forum sites,I advise you don't follow the day trading Forum news.

Firstly day trading forum news won't help you make money, they are just to express their views.But those standpoints will affect your day trading.

Secondly day trading is a business.So you should set a day trading plan.You can find many trading plan template resources on day trading forum sites

Thirdly as a day trading beginner, you have to have serious work attitude.Every successful day trader have stock quotations and trading log.How about you?

Fourthly practice,practice,practice! Demo trading can familiarize yourself with day trading systems and markets.So demo trading can help you make money.

Sixthly day trading is a business.Reading the popular blog post ideas or day trading forum sites don't help you make money.You should focus on day trading strategies.

More reading traderfeed.blogspot.com

1. stocktwits.com

2. trade2win.com 

3. elitetrader.com

4. Forexfactory.com

5. The ticker tape blog