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Day Trading Tactics and Strategies
Specs: 16 mins, 16 secs | 7.5 MB
  Ken Calhoun has been trading for many years. He teaches others to trade as well, but he's an instructor that practices what he preaches. Here we talk about the currency pairs he trades, how his stock day trading and currency day trading strategies differ, and the items he looks at on his charts. Specifically, we talk about how he looks for Cup Patterns with an ADX over 40 and trading opportunities that arise when a security has twice its average movement in a day. More about Ken can be found at DaytradingUniversity.com.

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Day Trading Tactics and Strategies


TraderInterviews.com: Hello, everybody. Welcome back to traderinterviews.com and thanks very much for joining us for another show this week. As usual, the idea of all these interviews is to give you something to think about in your own trading and in your own strategies so that you can implement them going forward when you are trading to hopefully make better trading decisions and make more money which is obviously the end game of all this. Our guest today is Ken Calhoun. He has been a guest before and a speaker of many of the expos. He's got a couple of different websites. One of them is of course Day Trading University and forexonfire.com. He is also a regular trader, one of guys in the business that not just teaches but actually trades which is always important to him. So, Ken, thanks very much for joining us on the show today.

Ken Calhoun: I'm glad to be here, Tim.

TraderInterviews.com: Well, talk about your forex trading. I know you kind of started out in equities but then moved to forex as some point. How come?

Ken Calhoun: Well, I wanted to add forex, too. Why I traded simply because there's money there. I mean, it's one of the instruments that I prefer for swing trading over equity is I still like to day trade stocks. I don't like to day trade currency pairs, but I prefer to swing trade and by swing trade, I mean, anywhere from just an overnight hold to up to 7 to 10 days for currency pair. So, I prefer to day trade stocks still, but I like to swing trade currency pairs because the volatility is there and also some of the trends tend to continue further for those types of trades once you know what signals to look for. So, I like to just to add to what I trade. I've skipped e-minis and some of the other instruments like options, but I do like trading stocks and currency pairs. So, both provides some improved opportunities and liquidity as another big advantage for traders....

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