A richer life takes more than just money

Welcome to the Indicator Warehouse blog. You can look forward to reading articles on trading education, personal development, trading psychology, relevant world business news, and even useful gadgets to make your trading life easier.

Daily Range and Support and Resistance

Use the Daily Range to Set Stop Loss and Profit Targets

Anyone who spends any time in our trade room, or simply talking to me about trading knows I am a support and resistance addict.  I use it daily, with every trade.  My approach to trading ANYTHING relies on the information… Read More »

July 3, 2020

Erich Senft

Narrow Range Day Break Out

Staying Steady in Narrow Range Day Markets

Dealing with a Narrow Range Day  Don’t think that simply because a market is ranging, that you can’t make money. Depending on how you go about day trading, a narrow range day may offer excellent opportunities to trade. Part of being… Read More »

June 30, 2020

Erich Senft

Trade Multiple Contracts

Trade Multiple Contracts to get Real Profits

Get an Edge and Trade Multiple Contracts When day trading futures, traders often enter and exit multiple contracts at the same time, in the same day. This situation is not limited to futures contracts; traders can choose other instruments to… Read More »

June 27, 2020

Erich Senft

Trading Checklist

Market Awareness – Completing Your Pre-Market Trading Checklist

Here is a partial list of a pre-market trading checklist. Ask yourself: What is apparent before the opening?  Any relevant announcements or economic data, news stories, or carry over momentum from Asian and European trading. What are your expectations with… Read More »

June 24, 2020

Erich Senft

Backtesting to Make Money

The Importance of Backtesting Your Day Trading System

Backtesting is the Path to Proof for Any Trading System Every individual that would like to make money day trading can benefit by using a day trading system to generate profits for their portfolio. Savvy traders who have developed an… Read More »

June 21, 2020

Erich Senft

stop loss strategy

Choosing the Right Stop Loss Strategy

I talk with traders all the time about their Stop loss strategy. The number one concern I hear is getting stopped out and then having the trade turn back in the direction of its original move.  This can be incredibly… Read More »

June 18, 2020

Erich Senft

day trading business

Day Trading Business | A Different Kind of Trading Setup

Should you have a Dedicated Office for your Day Trading Business? One of the most attractive parts of running your own day trading business is avoiding all the expenses that go with needing to rent office space. Many of the… Read More »

June 15, 2020

Erich Senft

Staying sane as a self-employed trader

How to Keep Your Sanity as a Self-Employed Trader

Being Your Own Boss  The responsibilities you have as a self-employed trader are going to be much different from the duties you did in your old regular day job. In the latter case, your responsibilities were to stay away from Internet Surfing,… Read More »

June 12, 2020

Erich Senft

Algorithmic Trading Software

Automated Trading Software

Man vs. Machine… Recently, I was asked if we are creating Automated Trading software for the Diversified Trading System (DTS). The answer is Yes. But it’s still far out. Why?  Because while the math of this Automated Trader is based on… Read More »

June 9, 2020

Erich Senft

Your best Trade Plan

Bring Your Trading A-Game to your Trade Plan

Be All that You Can Be Trade Plan This week I tried to trade after a visit to the dentist. As you might guess, I had less than desirable results. The experience reminded me of an important concept often overlooked… Read More »

June 6, 2020

Erich Senft