Free trading newsletter
These FREE drawing tools support the trading strategies of well-known professional traders. The drawing tools do not replace the books, training seminars or coaching provided by these professional traders. They are a practical starting point for clients who read a book or attended a seminar and who are now sitting alone at home with a chart in front of them, ready to start trading.
"The task of a trader is to concentrate on the tracks left by
other market participants. Using tracks left by the 'herd' a
good trader can determine in which direction and towards which
target the herd is moving, where the herd is likely to rest
and, most importantly, when the herd, gripped by panic, will
start to run. It is crucial for the 'hunter' not to meet the
herd head-on, only to be trampled by it. This happens
frequently when traders oppose the trend either due to [...]
lack of knowledge regarding market structure or [...] when
they fail to recognize a trend reversal."
"[...] it is possible to combine different trading techniques in a single trade. [...] three different techniques are available in market structure-based trading. These techniques are: break-out trading, movement trading and trend trading".
More about this zigzag trend-line which gives the buy/sell zone, the sideways zone and the trend reversal zones. Also available are the two unique trailing stops, which Michael Voigt uses in his Markttechik trading.