Power Scalper - Day Trade For a Living: Make a Living Day Trading - Paperback

by Jerome E. Bressert (Author)

PowerScalper Trading Patterns are simple, easy to follow trading patterns that can be traded using basic charting packages. This trading methodology is 80% mechanical and 20% judgmental and it will help keep you on the right side of the markets more often. PowerScalper Trading Patterns will give you more confidence in each trade you take. You will know you're making the right decision each time you place an entry/exit order. With the knowledge gained from this book, you will be able to day trade any market and make money more consistently. PowerScalper Trading Patterns rely on my Four Pillars of Success: Pillar 1 - Trend - We look at the TREND of the longer-term charts and trade the patterns on the shorter-term charts. Pillar 2 - The 4-to 9-bar cycle count - We are always counting the number of CYCLE bars to see when the market is going to top or bottom. Pillar 3 - The Power Close - We are looking for a CLOSE in the direction we want to trade. Pillar 4 - ProfitTrader Indicators - We watch the direction the YellowLine and RedLine are pointing for market direction. We use turns in the GreenLine for market entry.