Publisher's Synopsis
Position traders are trend followers. They identify a trend and an investment that will benefit from it, then buy and hold the investment until the trend peaks. Position trading is pretty much the opposite of day trading. A position trader is generally less concerned about the short-term drivers of the prices of an asset and market corrections that can temporarily reverse the price trend. Position traders place more emphasis on the long-term performance of an asset that allow traders to hold a position for a long period of time, which is usually months or years.
This Book is designed primarily for Position Traders who are intent on Price Action trading process and identify trends in asset prices that will allow a trader to earn profits. The Position Trading Breakout Strategy is an amalgamation of Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) & Directional Movement Index (DMI) to find high probable & profitable trades. Whenever Relative Strength Index (RSI) is combined with indicators like Directional Movement Index (DMI) and Moving Average Convergence Divergence (MACD), it tends to perform even better. You'll get a complete trading strategy with precise entry and exit rules
