Trading Process and Strategy

My Favorite Indicator

Here’s a recent question I received… “If you had to use one indicator, and one only, which would it be?” Simple… no thought required… Keltner Channels. Parameters set to (10,1.5) as my default, varying to (10,2) or (10,2.5) if necessary to ensure a nice snug fit around the price. You’ll find some basic info here: http://en.wikipedia.org/wiki/Keltner_channel,…

Trading Process and Strategy

Climactic Reversals – Where is the Entry?

When discussing climactic reversals with newer traders, I find the most common question is where to enter. After all, it can feel very much like the commonly quoted statements of ‘jumping in front of a train’ or ‘trying to catch a falling knife’. Yesterday, (Thurs Feb 18, 2010) gave us a nice simple example, so…

Trading Process and Strategy

Tick or Range Charts vs Time Based Charts – Example 2

While my analysis is usually conducted on time based charts, last week’s article discussed the one period of time when I always refer to tick or range based charts (usually monitoring both). If you missed it, you can read it here: https://yourtradingcoach.com/trading-process-and-strategy/tick-or-range-charts-vs-time-based-charts/ I’ve had a couple of requests for another example, with one request also…