Markets are difficult to trade. They are constantly changing. Factors such as news events, political announcements, and business reports are just a few of the many variables impacting the markets. Trying to determine the impact of these events on the markets is a fruitless effort, let alone an effective way of trading successfully. Markets develop strong trends at times, either up or down. However, I have found they spend much of the time in trading ranges. For this reason, I've developed a way to trade one market that caters to this trading range or sideways characteristic.
Let me say now, like all methods of trading, none work successfully all the time, mine included. Trading is more the art of using patience and discipline than it is finding a profitable trading strategy. Together with sound money management rules, trading for additional income using this method can be achieved. Let's begin. The Range Reader offers you a detailed short term trading method with specific entry points, protective stops, and profit targets. As important as this setup is let me assure you that trading is much more of a "mental" game. Go to the Psychology of Trading section for a more detailed discussion.
