Elder Impulse System Indicator Trading Strategy, Settings

After Elder Force Index, the Elder Impulse System indicator was also developed and described by Alexander Elder in his books. It’s based on two popular indicators – a 13-period Exponential Moving Average (EMA) and a histogram MACD. The Elder Impulse System uses the Ema indicator for defining a short-term trend and the MACD-Histogram measure’s momentum. This indicator serves … Continue reading “Elder Impulse System Indicator Trading Strategy, Settings”

Come Into My Trading Room: A Guide to Trading

This book “Come Into My Trading Room” is a must-read for all traders and now almost a bible in the trading community. In the book, Alexander Elder has thoroughly described in trading techniques and even a newbie if follows his steps can groom himself as an established trader. Excerpts from Chapter – 1 of Come … Continue reading “Come Into My Trading Room: A Guide to Trading”