Bill Baruch, president and founder of Blue Line Futures, reviews and previews the euro, Japanese yen...
Swing and Daytrading Strategies for All Markets
06/25/2009 12:01 am EST
The strategies that top traders use to make money in the markets aren't complex. Most have found simple ways to spot opportunities and continually exploit those patterns to make money each day. In this episode, we talk with a wealthy trader about how he does exactly that. John Gilner describes to me the exact candlestick patterns he is watching for and how he scales in and out of his positions to get the maximum possible gain.
His straightforward approach is one that any trader can understand and replicate in their own accounts. John uses both short and longer-term timeframes to find stocks that are ready to break through a specific level on volume. John then talks about how he determines his entry points and stop losses, and finally, we conclude by discussing his trading discipline and the two things he thinks made all the difference for him when he was working to gain confidence in his trading abilities. A fantastic look inside the mind of a trader who has achieved a high level of success through hard work and common sense.
Related Articles on FOREX
Euro Rips Monday. Lonely Yen. Copper, Crude Drive Aussie. CAD Retreats
09/25/2018 2:32 pm EST
Market Unimpressed with Talking. Focus Today on Rates, Oil at $72.50
09/25/2018 10:58 am EST
This is a market that isn’t impressed with talking but will pay attention to rates and oil. So...
US Dollar Focus on Higher Rates. Does It Matter for Equities?
09/24/2018 11:45 am EST
The USD focus is on rates being higher and it’s just not mattering like it did earlier this ye...
Running of the Bulls Grabs Headlines. What We Learn Trading Headlines
09/21/2018 12:56 pm EST
The running of the bulls in equities (SPX) grabs headlines overnight with China up 2.5% leading the ...