S&P INDEX DAY TRADING STRATEGY for TVC:SPX by Tradingstrategyguides — TradingView

It is based around what Charlie F. Wright calls a Range Leader candle or bar if you prefer to work with bars. A Range Leader candle has two simple characteristics:. The range b of the candle must be greater than the range a of the preceding candle. The lowest timeframe possible for this strategy is 30 minutes. Higher timeframes 60 minutes, day and week are possible.

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A buy signal occurs when a bullish Range Leader appears. The position is bought at the opening price of the next candle.

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A short sell signal occurs when a bearish Range Leader appears. The position is sold short at the opening price of the next candle. Scalpers often take positions opposite short-term price action from such levels, looking for an immediate adverse reaction in price.

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The use of oscillators is common in this strategy because determining whether a market is overbought or oversold is the key to entry. Retracement entry: Getting in on an established intraday trend is a popular day trading approach.

Trading S&P 500 Price Progressions: The Basics

This means that a trader must buy or sell from a pullback or retracement in price. This is accomplished through the use of such technological tools as market profile and Fibonacci retracements. To account for these factors, traders use various strategies, including: Trend following: Joining an intermediate or long-term trend is one strategy popular with swing traders.

Economic cycle: Swing traders typically select a particularly active time or turning point in an economic cycle to trade.

Positions are often taken ahead of a U. Federal Reserve meeting because policy moves have a tendency of affecting ES futures live in the market. If a dovish policy is expected, a trader may open long positions, and rate hikes typically inspire shorts.

Successfully Day Trade Emini Futures

Opinions expressed at FXstreet. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.