Rob Booker’s Trading Method

I have to admit that there are certain traders that appeal to me.  I find that this is because I can relate best to the qualities of these traders in their speech or style.  Rob Booker is one of these traders.  I stumbled upon a Q&A session with him and will highlight important parts of it:

• His favorite time frames are 1 hour, 4 hour and daily
• His favorite indicators are support and resistance
• He uses the 5/13/62 EMA for trading totally separate from S&R
• He also likes the RSI, MACD and Momentum indicators
• He uses 5 p.m. EST close to calculate pivots
• He is always willing to take a profit of 10 - 20 pips
• He targets the recent high or low for exit
• He believes that the EURO session is best for short term traders
• If you want to make money, plan your trades the night before and only take the trades you plan

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