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Day Trading Strategies by Rockwell Trading

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Merchandise Description

Searching For A Day Trading Plan?
With the help of “The Ping Pong Strategy,” you may learn how to trade sideways markets.

If so, you are likely employing a trend-following approach in a sideways market. Many traders KNOW how to trade a trending market, thus this is a regular issue. You’re aware of the proverb: “Observe the fashion. Your friend is the trend!”

Unfortunately, trends do not always exist in the markets. Sometimes they only veer to the side. However, in order to be a successful trader, you MUST be able to profit from the market whether it is moving up, down, or sideways.

Additionally, you may be aware that trends in the markets only occur 20% of the time. How then do you respond to sideways market movement?

Utilizing The Ping Pong Strategy is really simple.

Learn The Ping Pong Technique

A 1-minute chart of the e-mini S&P is shown. As you can see, the market is obviously trending sideways, but by following the guidelines of the Ping Pong Strategy, we can get some points quickly.

The Ping Pong Strategy has certain benefits.

• Excellent for trading electronic-mini S&P and Euro FX futures
As you are aware, the e-mini S&P is the most widely used and liquid futures instrument worldwide, and it offers excellent fee rates and little margin needs.

• No indications are necessary.
It is sufficient to use a basic bar or candlestick chart. Because of this, you may trade it using any charting program as long as it supports range bars (yep, that’s the secret!).

• Minimal but dependable earnings
Hit home runs in a trending market, but in a sideways market, your goal is to make $50 to $100 every transaction or contract. In essence, you are “nibbling” the market.

• Performs well in a market with a small range of prices
The e-mini S&P range should be no more than 3 points, and the Euro FX Futures range should be no more than 20 to 25 ticks. And as you are aware, these ranges are frequently where the markets trade.

• The strategy may be traded at any time of day.
It doesn’t matter if it’s the morning, noon, afternoon, or nighttime. You can trade the technique as long as you can locate a rangebound market. The optimal time to trade this method is any time between 9:30am and 4:00pm Eastern Period, which are the typical trading hours for these markets. Trading in the evenings, however, might result in being in a trade for a very long time.

Let me warn you now before you become unduly excited:

• Since this method is always active, you must trade it while seated in front of a computer.

• A sideways market approach is known as the Ping-Pong Strategy.
In a market that is trending, DON’T utilize it. Instead, employ your preferred trend-following technique, and save the Ping Pong Strategy for markets that are trading inside a small range.

This Is What You Will Receive

On two DVDs, you will receive five videos.

• Module 1: The Ping Pong Strategy Rules
We outline the simple guidelines of the approach and when to use them in this section. As previously said, you may learn how to trade this technique in less than 10 minutes without having to become familiar with any difficult indicators.

• Module 2: Ping Pong Trading Techniques
This lesson will walk you through setting up your charting program and using your trading platform to enter the strategy’s orders. You may use any charting program and trading platform as long as it can display range bars, even though we’ll be using Rockwell Trade Navigator (30-day trial is included in this course) and Infinity AT.

Module 3: Illustrations
To ensure that you fully understand the Ping Pong approach, we will provide you with several examples throughout this session.

• The Boomerang Strategy in Module 4
Our Ping Pong Technique was transformed into a trend-following strategy with the addition of only one straightforward rule. You may trade this variation, which we refer to as “The Boomerang Strategy,” in trending markets. In essence, you are getting two strategies: a trend-following approach and a trend-fading strategy!

• The Seahawk Strategy, Module 5
When the timing is right, you may fly above the markets using this Ping-Pong Strategy variant and swoop down to quickly reap a profit. This approach may be used in an up, down, or sideways market. With this method, each bar provides two entry signals, and after a trade has been entered, a minimal profit objective is used to swiftly close the transaction. For traders who can’t stay up all day watching the markets, this approach is ideal.

Salepage : Day Trading Strategies by Rockwell Trading