Free trading newsletter
These free drawing tools support the trading strategies of well-known professional traders. They are not complete trading strategies which can simply be automated.
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
"[...] 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.