So my strategy is simply reversal based . I watch the ebb and flow points on the entry chart and a couple bigger charts to ensure there is no significant resistance . I olso NEVER trade against the crossing direction of the 21- 8 ema on the entry chart and also avoid getting in if a bigger chart 21EMA is just in front of my entry ( regardless of the crossing direction ). the attached photo will explain better.
yes as simple as that . it never felt right for me to trade trends...you just never know when the forces and big traders behind it will abandon it and change there mind . reversals when confirmed are the perfect sweet spot to get in the market. another thing is the risk reword ratio is a myth . I mean when you always only wait for that huge move that will give you the 1:3 or 1:4 RR ratio , you will miss out big time . be reasonable , be confidant and let your outs be guided by the market in real time not some arbitary stop loss level. check my 2021 stats to get a feel of it . I mean its not perfect but a strategy should always feel reasonable and simple for one to be able to execute day after day
@Nickbuer@Nickbuer check last year results on my page ...not a go yet regarding investors ...It might take me another year of investment-worthy numbers to make a good impression which is fine by me ..I'm in for the long haul