Critical Fundamentals For Profitable Trading
The first eleven articles and associated trading videos all build on the prior ones, we recommend you study them in the order they are listed. These eleven articles and videos cover the most important fundamentals of successful trading which are (1) price action on multiple time frames using the MTF Price Action Indicator, (2) time based volume, and (3) real time support and resistance using the MTF Fractal Channel Indicator.
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This first video sets the stage for you to understand the next 6 articles and associated trading videos better. Contains Free TradeStation Trading Video
Our Price Action Indicator is the best TradeStation indicator available for telling the direction of a trend, when a trend starts, the strength of the trend, and when a trend is ending. The Price Action Indicator does all this without "lag" which exists in the ADX Indicator. Contains Free TradeStation Trading Video
Price action is the most critical fact that you can understand as a trader and the greatest "trading edge" is price action across multiple time frames. Contains Free TradeStation Trading Video
Multiple Time Frame Price Action Indicator shows price action which is undisputedly the most important fact in trading across 8 different time frames. Here is how this indicator will show you what market mode you are trading. Contains Free TradeStation Trading Video
How the Multiple Time Frame Price Action Indicator clearly shows key real time support and resistance. Contains Free TradeStation Trading Video
The Multiple Time Frame Price Action Indicator is absolutely essential to making high probability trades while maintaining a low stop loss risk. Contains Free TradeStation Trading Video
The Multiple Time Frame Price Action Indicator is the key to powerful MTF reversal trade set-ups. These trades have a high reward probability while using a low stoploss risk. Contains Free TradeStation Trading Video
Many traders ignore volume. Although volume is a simple concept, it is difficult to analyze correctly due to inherent challenges in the markets. These challenges make it impossible to read true volume with standard volume indicators. Read through this article to learn the best way to overcome volume distortions and how using the Time Based Volume Indicator will increase your trading "edge". Contains Free TradeStation Trading Video
Tired of the dismal profits you’re making in your trading? Maybe some of the tools you are using are giving you lagging information. You can make the correct decision based on your indicator, but if the indicator is lagging, often the result is a losing trade. This article covers the 3 most vital trading facts necessary for profitable trading. Contains Free TradeStation Trading Video
This article and associated video puts together all the above articles into a powerful MTF trading method. Contains Free TradeStation Trading Video
To make a really long story about my trading history very short, I have found three vital "trading edges". Each of these three "trading edges" are built on valid fundamental trading principles and can be combined into one integrated powerful trading advantage.
Proper Risk Management Is A Trader's Most Important Job
Introducing the most advanced position sizing model available done for you automatically using our dynamic visual chart based trading strategy. This position sizing uses your "real time" actual trade risk combined with fixed risk amount to give you the best position sizing available. Contains Free TradeStation Trading Video
Automated TradeStation Exit Strategy can overcome the emotional trading problem. The typical human behavior in trading is cutting profits too short, and letting losses become too big. Automated exit strategies can be very useful in overcoming this emotional tendency. Using automated exit strategies will free a trader’s mind to pick great trade entries while their exits are unemotionally managed and their exit rules are perfectly executed.
I recommend that every trader have rules about draw down periods including when to trade and when not to trade any given strategy. One idea I find helpful is to actually monitor the equity curve on each trading chart to give a third party objective view on the strategy's performance.
Use the power of TradeStation indicators and RadarScreen in combination with the sophistication of the human brain to experience a powerful trading approach called computer assisted trading. The most successful trader will do what the human can do best (which is make the trading entries), and let the computer do what the computer can do best (find possible trades and manage trade exits). If you are not taking advantage of your inherent human strengths along with the power of TradeStation indicators and RadarScreen for computer assisted trading, maybe it’s time to make a change.
TradeStation Strategy Development & Programming Services
Manual strategy testing is a laborious process, but with our Automated Strategy Testing Tool it can become very simple.
Learn what strategy development process looks like and thing you will need to know. Contains Free TradeStation Trading Video
It is very important to enter accurate commissions costs & slippage costs before looking at a TradeStation Performance Report so it is accurate.