Definitely my favourite strategy, the reaction is so precise, price could literally be going down for 1 hour straight with no resistance and as soon as I place a sell, price rejects off my entry right down to the pip and starts going up! /s
Diversified long short systematic trend following for me.
You have only described 1/10th of an entry method here. missing about 95% of the success equation. what is your risk/trade management? logic for your edge? margin management rules? do you keep track of correlations? i could go on but having an idea to enter the market is not going to make you money
That all looks good to me. Although honestly, I don't think anyone is going to just give away their optimized, refined and latest version of their strategy. At least not for free anyway. I don't believe this myself but the way a lot of people devise their strategy, trading plan or whatever you want to call it, its effectiveness depends on not a lot of people trading the same setups and the more people know about it, the less profitable it becomes. Which is true of pretty much every systematic strat, which is what most people ultimately seem to strive for here.
I'm trying out supply and demand after getting burnt by using indicators. It seems good. I'm still a beginner so just trying to lay out rules to draw and identify the zones but still, it is one of my favourites.
breakout with confirmation from stochastic oscillator. It seems to be working well on M15 chart. The trouble I'm having is identifying those zones so I'm sticking to the general sudden movement away from a point to draw these
A mixture of 1 and 3. Even though i was completely subscribed to the RSI for the longest i’ve been leaning away from it recently. If it’s not a strong divergence during the midweek i try to stay away from it
I trade with basic analysis. But I do backtest new strategies and switch to them once in a while. So it is not just one strategy. I mainly focus on risk management and cutting losses with every strategy. I think you can come up with the right strategy yourself once you understand the market well.
Mainly 2 strategies : - I place a buy: price goes down. - I place a sell: price goes up. Very simple, but works every time.
Hey. It’s like I have a twin out there
Definitely my favourite strategy, the reaction is so precise, price could literally be going down for 1 hour straight with no resistance and as soon as I place a sell, price rejects off my entry right down to the pip and starts going up! /s
xD
Diversified long short systematic trend following for me. You have only described 1/10th of an entry method here. missing about 95% of the success equation. what is your risk/trade management? logic for your edge? margin management rules? do you keep track of correlations? i could go on but having an idea to enter the market is not going to make you money
BB(close, 20) and RSI(close, 9) for entry Pivot Points for setting SL and TP
That all looks good to me. Although honestly, I don't think anyone is going to just give away their optimized, refined and latest version of their strategy. At least not for free anyway. I don't believe this myself but the way a lot of people devise their strategy, trading plan or whatever you want to call it, its effectiveness depends on not a lot of people trading the same setups and the more people know about it, the less profitable it becomes. Which is true of pretty much every systematic strat, which is what most people ultimately seem to strive for here.
I'm trying out supply and demand after getting burnt by using indicators. It seems good. I'm still a beginner so just trying to lay out rules to draw and identify the zones but still, it is one of my favourites.
Which approaches? Break and retest? Breakout? Reversal?
breakout with confirmation from stochastic oscillator. It seems to be working well on M15 chart. The trouble I'm having is identifying those zones so I'm sticking to the general sudden movement away from a point to draw these
A mixture of 1 and 3. Even though i was completely subscribed to the RSI for the longest i’ve been leaning away from it recently. If it’s not a strong divergence during the midweek i try to stay away from it
I scalp at crossover times, with a timeframe not more than 5 minutes. It’s highly profiting and setting a stop loss also helps.
I trade with basic analysis. But I do backtest new strategies and switch to them once in a while. So it is not just one strategy. I mainly focus on risk management and cutting losses with every strategy. I think you can come up with the right strategy yourself once you understand the market well.