Linda Bradford Raschke is a famous and talented trader. She was born in the USA in 1959. She has been trading for over 35 years. For the start, she used to help her father when she was young. Then, she worked at the exchange.
Author: Igor Sayadov
I started working on the Forex market in 2000. After first failures, read a great deal of materials on financial markets and came to the conclusion that it would be necessary to create own approaches to analysis and trading. In 2005, all knowledge and skills were combines in my own trading system called Extra. The system perfectly defines all stages of market tendencies, so all traders have to do is to enter and exit the market with the profit that’s enough for them. Despite the system’s being excellent, it still requires strict risk management, like any other trading strategy.
The Gap is shown in the chart above as yellow rectangles. This is a practical gap in the flow of quotations reflecting a serious difference between the opening and closing prices in trading sessions. A quick look at the chart captures a large number of such phenomena. This means that if we classify them we may find a lot of opportunities to use them in trading. But first, let us talk about the reasons which a Gap emerges for.
The author of the Parabolic Sar is J. Welles Wilder. He first used it in 1976. In his book "New Concepts In Technical Trading Systems" Wilder presented several indicators: the Parabolic Sar, RSI, ADX.
EXTRA strategy, like any other, has long-term, mid-term and short-term goals. At the basis of this strategy lies a MATRIX. A matrix is practically the basic structure of the Elliott waves.