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 W.D. Gann Trading Courses
Option Trading Course
Gann/Elliott Wave
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Commodity Broker
A Simple But Potentially Highly Profitable Approach
For Trading Commodity Futures
The best time to trade using a good
commodity broker
is today
I have been using this methodology to trade the commodity
markets successfully for some time now. This unique trading method is
simple and easy, but with nice profit potential.
It involves buying higher swing-lows and selling lower
swing-highs. Also known as pivot-points.
A definition of these swing-highs and swing-lows is appropriate
here: A swing-high is a high bar with lower bars on both sides of it.
A swing-low is a low bar with higher bars on both sides of it. The more
lower bars to the left of a swing-high the better. The more higher bars
to the left of the swing-low the better. That makes them more significant
and presumably more powerful swing points. However, only one bar on
either side is acceptable (but two or more to the left are usually stronger
signals).
My trading methodology requires two (or more) consecutive
swings, with the second one being a higher swing-low than the preceding
one for a buy. Alternately, the second swing-high must be a lower swing-high
than the preceding one for a sell.
The actual long trade entry takes place on a buy-stop
two ticks above the high price of the last bar (the bar following the
swing-low pivot bar), for a buy. The short trade takes place on a sell-stop
at two-ticks under the low price of the last bar (the bar following
the swing-high pivot bar), for a sell.
Your stop-loss order is placed 6-ticks under the lowest
price of the last swing-low bar on a long trade. The short trade stop
goes 6-ticks above the highest price of the last swing-high bar.
You can make some really outstanding money using this
simple, but very effective trading methodology.
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