What is your trading strategy ?

My strategy is based on big candles. I wait for a candle that is at least 3 times larger than the current ATR on that time frame and then enter a trade. The wick needs to be small to show clear intent. This has been working well for me recently

I trade with H4 timeframe. I use trends changing signals to enter the market and use several shapes (patterns) to set a sl and find a close price.

I wait for big candles on the 1 hour and then trade in the opposite direction expecting a retrace. I usually only aim for around 10 pips so is kind of a scalping strategy

I am an excel spreadsheet trader exclusively. I think the only time I ever look at a chart is either my equity curve or with my stock holdings. I use momentum based strategy for stocks and a mean revision strategy for forex.

i just wait new candlestick on H4 ....take few pips

Redwingfan posted:
I am an excel spreadsheet trader exclusively. I think the only time I ever look at a chart is either my equity curve or with my stock holdings. I use momentum based strategy for stocks and a mean revision strategy for forex.

What is a mean revision strategy? It sounds like you are doing something very different to a lot of traders

Paquito posted:

Redwingfan posted:
I am an excel spreadsheet trader exclusively. I think the only time I ever look at a chart is either my equity curve or with my stock holdings. I use momentum based strategy for stocks and a mean revision strategy for forex.

What is a mean revision strategy? It sounds like you are doing something very different to a lot of traders

Shorting into strength and buying into weakness.

Redwingfan posted:

Paquito posted:

Redwingfan posted:
I am an excel spreadsheet trader exclusively. I think the only time I ever look at a chart is either my equity curve or with my stock holdings. I use momentum based strategy for stocks and a mean revision strategy for forex.

What is a mean revision strategy? It sounds like you are doing something very different to a lot of traders

Shorting into strength and buying into weakness.

And those two thoughts being traded when your data tells you that a pull back to the mean is in the cards. Only when there is an edge. Not just when a particular pair gets too far away from their mean.

The trading strategy is really important to make profit with consistency. Basically according to our trading understanding we the traders have to select our trading strategies.

What do you mean? Are you talking about using trending strategies and range bound strategies in different market conditions?

my strategy is grid with counter trend at very accurate and good level ..
example here , weekly 1 trade

Please show example. There is no image.

I thought that grid strategy is generally BS. How long have you been using? Does it really work

What you need to consider is that a mean reversion strategy may look like a trend following/ momentum strategy on another time frame. Example I could trade counter trend mean reversion on a 1hr chart, however if i looked at my entry on a daily chart it may be seen like I am trend following and entering on a pullback. Another point to consider is that if you had a chart with every indicator and strategy you would find that at almost every price there would be a reason to trade long and short and there would be S/R levels at every price due to there being so many indicators and S/R levels.

IMO every trading strategy needs a good exit strategy which is often overlooked. My experience shows that a bad exit can damage every trading approach. When you are using Trend following strategies you have very often to manage unclear situations. A basic Stop-Loss helps but a good designed Exit-System can produce many extra pips.

https://www.udemy.com/trading-improve-your-results-up-to-80-accuracy/

I have tried a strategy like that but I found that when there was a retest the price continue and I get stopped out. Do you wait for candle pattern or formation before enter on retest?

there is no single strategy that works every-time, your winning ratio highly depends on how yourself execute your trades. a very useful tip for all novice traders is to trade along side the big players/banks do not ever try to beat them as you can never beat them. trade with open eyes let beg drivers of the market affect the market then go along side the flow.

Hope this helps a little bit.

Trade momentum. Wait for a candle with really big body, wait for pull back and then trade in direction of the big candle. easy

from all trading strategy scalping bring profit within a short time , but it contains huge risk , so as a newcomer you have to be more carefully when scalping.