Does intraday trading have to be so bloody difficult?
Absolutely, NOT! Let me show you how to succeed!
I have been intraday trading for more than fifteen years using many different indicators — you name it and I have probably traded it.
- Elliott Waves
- Moving Averages
- Trend Identifiers
They were all part of my tool kit. There was only one HUGE issue. I would have numerous winning trades, only to be knocked backwards by a couple of losers. Intraday trading was a constant uphill struggle — I would take three steps forward, two steps back. For new traders, it can be even more frustrating. If you are new to trading binary options, then start here.
Frustration was often my best friend!
Then a friend told me, look trading is simple — WE make trading HARD. First, traders need an edge that allows them to lose but still be profitable. Then they can combine the edge with learning to read candlesticks, charts, and divergence. Finally, they need to learn to stick with their plan and NEVER break the rules.
WOW, if only it could be that easy!
I have discovered that trading really is that easy using these 4 very simple steps, if you are using leading indicators like the ones designed by TradersHelpDesk.
First, learn to read the price charts so you can formulate a plan for entering your trades at the lowest point of risk so you can increase your reward. The TradersHelpDesk indicators and packages are designed to help you identify the lowest point of risk in any trade. Additionally, I offers private online mentoring or binary signals for those that are new to trading. Plus, my latest books on trading candlestick patterns, binary options and spreads is a must have for any new trader.
I define the lowest point of risk as entry at the built-in Average True Range Stop or a Congestion dot. And, I have designed alerts that will notify you when these conditions are met.
Second, understand that volume and divergence LEADS price, it really is that simple. However, most traders don’t understand where to analyze the volume or how to read divergence using oscillators.
I analyze volume and divergence at two critical areas:
- Support and Resistance area
- Overbought and Oversold areas
For example on the EURUSD, there was an alert that price was at a congestion dot. Buying volume was decreasing so entry was valid.
Third, is learning how to SKEW THE ODDS IN YOUR FAVOR — in order to make it in trading, you need to use a risk to reward method that compensates for your losers. This is where most traders FAIL.
Most traders are just so happy to finally see profits they don’t realize they are using a risk to reward of only $1 risk for $1 gain. This can be disastrous! The P/L chart below shows what will happen if you are using this technique with a 50% win/loss ratio (after 650 trades).
No trader wants that! But with one small change, this can change dramatically! Simply changing to $1 risk for $2 gain your P/L could change to positive! Or going from In the Money binary options to Out of the Money binary options — just one simple change.
In the case of the EURUSD, the risk was 20 pips so the reward was 40 pips.
And, last but not least, NEVER break your rules once they are defined. All business owners know that having a plan and adhering to the plan is the key to success. Most traders remain in a state of chaos because they are always changing the rules, changing the indicators, changing the plan. The result is a constant state of turmoil — up, down, down, up, breakeven, down, up, down.
Four simple steps for intraday trading binary options, futures or forex:
- Skew the odds in your favor using a low risk high reward methodology to give you an edge.
- Learn to Read Your Charts so You Can Identify entries at the Lowest Point of Risk
- Analyze the Volume and Divergence for entry
- Never break your rules once defined.
That’s all it takes for you to dramatically change the path of your trading journey and it all begins here!
My trading books are designed for both beginners and experienced traders to show how to read candlestick patterns, trade Nadex Binary Options, Nadex Spreads, and how incorporating volume and price analysis can lower risk on entries in trading today’s markets.
Online Trading Courses
My online trading videos will empower you to be a better trader. I show you how to interpret the most powerful candlestick patterns, trade binary options, conquer trading psychology issues, understand divergence, and how to implement money management in your trading.
Indicators for TradeStation, Multicharts, and NinjaTrader
My indicators are designed to give you an edge using risk to reward and proven patterns that work on today’s markets, including binary options, futures, forex, stocks and commodities.
Comprehensive Trading Package with Training
The TradersHelpDesk’s Silver Package is designed for both beginners and experienced traders. It includes all the 10 most popular indicators listed below, documentation, workspaces or templates, installation, and online training videos that allow you to learn at your own pace.