I've traded for 5 years...
And used this trading strategy for the last 5years
It's based on Technical Analysis without complex indicators.
I'm giving it to you for free:
(Full Guide) 👇
1•Most people think they know how to construct a trade strategy...
But they miss out half the steps.
Idea + profit target + stop loss >Is not a strategy.🤣
This is NOT going to make you consistent returns.
2•You need 4 things
-Environment
-Logic
-Risk Management
-Execution
ALL of these combine to make your strategy.
3•We have two environments we need to pay attention to.
Ranging (red boxes) and Trending
4•You can use moving averages as a visual aid to quickly identify these.
Notice they tend to cross over when price ranges.
5•The logic;
Look at structure to determine direction
Lower highs/lows = Favor Shorts
Higher highs/lows = Favor Longs
Try to catch the breakouts/downs from ranges.
Take less trades and lower risk in ranges.
6•Example Set Ups
This is what the trades can look like.
You bet on continuation after the loss of a key level.
7•"But that's so simple?!"
Yes.
Trading is simple.
But it's not easy.
This only forms the base idea of the system.
There's more work to be done.
8•Now you need
-Entry Rules: e.g x candle closes above/below key level (Make your own)
-Exit Rules: e.g next key resistance (Make your own)
-Risk management Rules: MAX 1-3% per trade
Don't worry about setting the perfect rules at the start.
We'll improve them over time.
9•"Wait you mean I can't just trade and make money?"
Remember I said it's simple, not easy.
This is what you do now.
-Select 1 asset and timeframe.
-Test 30 trades.
-take twitter experts help to find trend of market.
-Review.
-Improve. (+Add trade management rules)
-Repeat
10•Testing, risk management, entry/exit rules, trade management etc goes MUCH more in depth than this.
There's no way I can fit it all into one articles
But follow along, I'll share plenty more.