Part 7 - Advanced Trading Strategies
Strategy 1: Economic Event
Our first strategy is a simple one and although it’s hit rate is fairly low it is an easy way to add an extra 5-10% to your account every year. The key to this strategy is consistency as missing out on any of the few mispricings that the market experiences on a yearly basis will detract greatly from the overall yearly results of the strategy.
Duration: 36 mins.
Strategy 2: Structured Day Trade
Strategy two is all about sticking to the rules and keeping things simple. We use it when higher time-frame price action is unclear but lower time frame structures are well defined and calling to be traded. By keeping it low risk and following well-defined trade management guidelines we allow price action the time to develop despite the shorter nature of these trades.
Duration: 25 mins.
Strategy 3: Lower Timeframe Corrective Pattern
This is our ‘bread & butter’ strategy where patience is the name of the game. It is especially useful for students who are more inclined toward low maintenance, longer-term trades and/or investments as opposed to a more time-consuming ‘day trading’ type strategy. It is also our highest probability strategy due to its double-confirmation nature which will also provide the highest returns.
Duration: 54 mins
Strategy 4: Overextended Flag Play
This strategy takes advantage of a confluence of overextended conditions and higher time frame corrective structures to allow for the best possible entry into a trade with a high probability of the worst-case scenario being breakeven. It also sets up ideal conditions to scale into trades with confidence without adding additional risk.
Duration: 33 mins