How to Make Money So Often?
Good morning traders! Today, I'll explain a simple strategy called "flow":
First, check if the price has made a Low or a High on the weekly chart. Then, confirm this on the daily chart. If the price has taken a high, mark it as an uptrend; if it has taken a low, mark it as a downtrend. Next, move to a shorter time frame, like the 1-hour chart, and identify the lows and highs. If a low has been taken, trade towards the next low; if a high has been taken, trade towards the next high. This approach can significantly increase your win rate!
Consider incorporating additional indicators like moving averages or RSI to confirm trends and potential reversals. Also, keep an eye on market news and events that might impact price movements. Combining technical analysis with fundamental insights can provide a more comprehensive trading strategy.