The Ultimate Day Trading System

A Systematic Approach To Day Trading

Albert Einstein once said Everything should be made as simple as possible, but not simpler.

Many traders are making trading more complicated than it needs to be. They think the more complicated, the better the strategy.

I’ve been there myself: In the mid 90s, when computers became more powerful and affordable for everybody, indicators were very popular.

And believe it or not — I was an indicator junkie!

I thought, the more indicators I plot on my chart, the better my entry signals.

So I bought The Big Book Of Indicators. This book described 176 indicators in great detail.

And I think I plotted 169 of these indicators on my screen. In fact, there were so many indicators on my screen that I could barely see the prices any more!

But here’s what happened.

Instead of giving me more clarity, all these indicators were confusing me. At any given time, half of the indicators on my screen would scream BUY, while the other half would yell SELL!

Analysis Paralysis!

These days I am using only THREE INDICATORS.

Three indicators is all I need to identify the direction of the market. the beginning and end of a trend and when to enter and exit a trade.

And I like to setup my charts in a very unique way.

Let me show you.

Here’s a short 12 minute video explaining the unique chart settings I use, the indicators and the settings of these indicators and the markets that I like to trade.

As you can see, the setup is quite simple. And here’s a short video explaining how I use these settings to determine my entry and my exit signals. This is ONE of the FOUR trading strategies that I use in my trading.

The Simple Strategy

Now you know how I set up my charts and what indicators and settings I use. And you know one of my favorite strategies: The Simple Strategy. I’ve shown you when and where to enter a trade. where to place a stop loss and when to take profits.

Why You Must Have Multiple Trading Strategies

Well, here’s the problem if you are just using ONE trading strategy.

There are three (3) different types of trading strategies:

• TREND-FOLLOWING STRATEGIES which work beautifully in a trend,
• TREND-FADING STRATEGIES that work best in sideways markets and
• SCALPING STRATEGIES that give you a lot of trading opportunities and usually have a high winning percentage.

The Simple Strategy that I describe in the video above is a trend-following strategy and works very well in trending markets.

But as you know, the markets are not always trending. Some people say that the markets trend only 20% of the time. The rest of the time they are moving sideways in a choppy way.

So what do you do when the markets are NOT trending?

Well, you could simply stay out of the markets, right?

However, very few traders have the patience to sit on their hands and wait for the really good trading opportunities.

And I personally think, if you don’t know how to trade a sideways markets, you are missing out.

Therefore I believe that EVERY TRADER should know AT LEAST TWO trading strategies:

• A trend-following strategy for trending markets — like my Simple Strategy and
• A trend-fading strategy for sideways markets.

I personally use FOUR different trading strategies:

• The Simple Strategy (trend-following)
• The Boomerang Strategy (trend-following)
• The Ping Pong Strategy (trend-fading) and
• The Seahawk Strategy (scalping)

If you have have multiple trading strategies, then you get many trading opportunities and can choose the best ones, which lets you run circles around the one-strategy trader who sits on his hands.

HOWEVER, there’s a catch:

You MUST know when to use which strategy!

And in order to apply the right strategy for the current marketing condition, you must learn how to easily identify the direction of the market. Very few traders can precisely determine the direction of the market, and that’s why many traders apply the wrong strategy: They use a trend-following strategy in a sideways market and wonder why they got frequently stopped out. Knowing when to apply which strategy can give you an edge and put you way ahead of other traders.

The Ultimate Day Trading System

If you are interested in learning more trading strategies, the check out my Ultimate Day Trading System.

It’s a set of four DVDs. On these DVDs I’ll teach you the trading strategies that I use in my own trading. And I show you WHEN to USE which strategy.

PLUS, you will learn how to manage your trades, how to deal with your emotions and the Money Management approach I use. Money Management is extremely important for your trading. It can make or break you as a trader. If you choose the wrong Money Management approach or don’t use Money Management at all, you COULD lose money DESPITE having a profitable trading strategy!

Here’s what’s included in The Ultimate Day Trading System

• Day Trading Basics

What you need to know about day trading and trading strategies. You will learn about different types of trading strategies, when to use what kind of strategy and the best trading strategy.

PLUS GET THESE BONUSES

• BONUS 1: How To Develop A Trading Strategy

If you every want to develop your own trading strategy, THIS video is a must. You will learn how to develop and test a strategy. You will learn how to read a performance report so that you know how to tweak a strategy, and I will show you how to improve a strategy without over-optimizing it. I will pull back the curtain and show you EXACTLY how we develop, test and deploy trading strategies here at Rockwell Trading.