Sentences with phrase «mechanical system traders»

Mechanical system traders are pure Boolean logic as their entries, exits, watch list, and position sizing are predetermined and then executed when the signals occur.

While I am basically a longer term mechanical system trader of ETFs and US stocks (and your 1min / 3 min currency trading strategy doesn't directly apply to me), I was so impressed with your website and candlestick U-tube videos that I purchased your ebook as a way to thank you for all the free stuff you had already made available.

Not exact matches

While the ending chapters on mechanical systems might not interest the discretionary price action trader, the bulk of the book focuses on price action behaviors like action / reaction, continuation, reversals, and support / resistance zones.

Trend - following mechanical systems hopefully get traders in strong directional moves, and signals typically form when the trend has already begun.

In his book, «Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis,» author Richard Weissman identifies three basic trader personality profiles: trend - following, mean - reversion, and day - trading types.

When new traders first enter the Forex market, they often have the belief that all you need to do is pick up a mechanical system and follow it like a robot in order to profit long - term.

Successful traders have long since realized that these types of rigid and mechanical Forex trading systems simply do not work over the long - run.

Like many other traders, he has a mechanical system based on breakouts.

This is a realization that typically takes most traders a while to figure out as they struggle with mechanical indicator and software based systems.

I don't believe in rigid and Forex trading systems that force a trader to trade in a mechanical fashion or when it gives them an automatic signal.