Nov
22
ping pong trading strategy
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The Ping Pong Trading Strategy
The Ping Pong trading strategy is one of Rockwell Trading’s most useful contributions to futures trading intellectual capital. This strategy, which is ideally applied in a sideways moving market, has been very carefully plotted in a detailed trading plan which they teach in their trading education materials.
This works best when it is clear that the market is moving sideways. Under these circumstances, the futures prices are fluctuating in a narrow band, and the money is made by buying at the bottom of the troughs and selling at the top pivot points of the charts. A clear set of rules about the price range is in place such that as an order is executed, the exit order is immediately placed at a price predetermined by the profit range defined by the rules of the strategy. A predetermined stop order is also place for unexpected movement of prices against the order.
A key factor in the success of the Ping Pong trading strategy is the use of “Range Bars” which make the entry and exit points a very simple mathematical matter. Rockwell Trading is one of the few trader education companies that teach strategies that cover every type of market condition. Since many futures traders sit on the sidelines when there is no trending in the prices to be followed, those that are fortunate enough to know how to use the Ping Pong Strategy are able to keep trading profitably using the Ping Pong Strategy, even when the market is in the doldrums. We have used this strategy successfully many times.
The Ping Pong trading strategy is taught in the Rockwell Trading Ultimate Day Traders Course .
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