Download 7 Charting Tools for Spread Betting. A Practical Guide to by Malcolm Pryor PDF

By Malcolm Pryor

Following on from the good fortune of his first books, 'The monetary unfold making a bet instruction manual' and 'Winning unfold having a bet Strategies', Malcolm Pryor now presents the unfold bettor with a close figuring out of seven key charting instruments. every one software has a task to play within the good fortune of the unfold bettor, and the instruments can be utilized together to build robust buying and selling strategies.
This new ebook is written in a punchy and most economical sort, providing a lot of its instructing via conscientiously selected examples of charts. the focal point is on useful technical research options that are at once proper to unfold bettors and investors.

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Additional info for 7 Charting Tools for Spread Betting. A Practical Guide to Making Money from Spread Betting with Technical Analysis

Example text

E. £204, in line with the predetermined risk per trade). 5). 5). e. 50), again in line with the predetermined risk per trade. 25. 25). e. 50). 75 if the stop was hit. For me personally that would be a little too much over the £200 predetermined risk per trade. At some point in the future, the spread betting firms will allow fractions of a pound per point for bets, and then we will be able to risk exactly the amount we want to risk per trade. 25) So stop placement and bet size will vary slightly depending on which (period) parameter for ATR is used, but not hugely.

There are two main techniques here: The initial stop is left at its original spot and if the stop has not been hit the trader picks from a range of exit techniques at the appropriate point in time, for example exiting at a target, exiting at support or resistance, exiting after a certain period of time, to quote just three. The stop is moved during the life of the trade – this is known as a trailing stop. e up if long, down if short). Each time the stop is moved risk is reduced and, once in profit, more and more of the profit is locked in.

Whereas the ADX filter stopped us getting a run of whipsaws when the market went sideways, here waiting for ADX to move into uptrend mode means we have waited seven trading days since the moving averages went into uptrend mode. The good news in this particular case is that if we trade on pullbacks it made no difference, we didn’t miss any pullback trades in those seven days. In this case, also, the downtrend was a lot clearer to visual inspection than when the moving averages first moved into downtrend mode.

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