A trading strategy is composed of a directional component, a filter, and a risk management system. As simple as it may seem, developing a good trading strategy is extremely hard. This article presents a new trading strategy that uses price action, an indicator, and a risk management system based on volatility.
The Fibonacci Trading Book is finally out! Filled with Fibonacci-based trading methods (tools, indicators, patterns, and strategies), this book will guide you through improving your trading and analysis by incorporating an important technical analysis approach that is Fibonacci [PDF Version available, see end of article).