Stupidly Easy Trading - Trading Blog
Hi Traders,
If you have checked my profile, probably you have seen that I have some crazy topics on different visions on what I see on a chart and what I tend to belive is like some hidden magic that can be traded. Now I happend to trade in the past few months with those and I made pretty good success, but I happened to overthink and overcomplicate my strategy and started to realize that the longer time frame and the more history I use to see and predict where the price will come back to, I tend to make bigger stops and ending up making bigger losses, SO I have stepped out for now from live trading, banking half of my all time profit, which was luckily still double on what my capital was, so I have some positive vibes still and I want to share what alternative I found, that seems to be working 100% of the time.
The reason why I am sharing is I am looking for people, who would help trade the same signals, if on demo that is fine, just so we can have a good conversation on the success rate, and if it works out the way I see it, I will go back live next month.
So here is the logic that is STUPIDLY EASY to TRADE!
1. Set up a trend line on the wicks
2. Draw a horizontal on the buttom close of the swing near to the trend line
3. Once the horizontal is broken, anytime the price is above the closure of that candle that clsoed the horizontal, that is your area to trade.
In this example it is a short, I have just logged in so I could make only one trade for now, but if it goes any higher I will go for it.
This is a simple trend with a simple break, but I have and I will post some other examples, of a progressing trend, and how to adjust our trades and entry zones.
For now TP is, 1.36277 - Stop is a good question, but I would set it to the previous swing high, that happened before our blue trend line was broken.
The logic is simple, when we break the price level of the "second trend leg" that means that the trend is done for, and the new trend needs to continue, hence it needs to make a new swing in the direction of the newly formed trend.
Hi Traders,
If you have checked my profile, probably you have seen that I have some crazy topics on different visions on what I see on a chart and what I tend to belive is like some hidden magic that can be traded. Now I happend to trade in the past few months with those and I made pretty good success, but I happened to overthink and overcomplicate my strategy and started to realize that the longer time frame and the more history I use to see and predict where the price will come back to, I tend to make bigger stops and ending up making bigger losses, SO I have stepped out for now from live trading, banking half of my all time profit, which was luckily still double on what my capital was, so I have some positive vibes still and I want to share what alternative I found, that seems to be working 100% of the time.
The reason why I am sharing is I am looking for people, who would help trade the same signals, if on demo that is fine, just so we can have a good conversation on the success rate, and if it works out the way I see it, I will go back live next month.
So here is the logic that is STUPIDLY EASY to TRADE!
1. Set up a trend line on the wicks
2. Draw a horizontal on the buttom close of the swing near to the trend line
3. Once the horizontal is broken, anytime the price is above the closure of that candle that clsoed the horizontal, that is your area to trade.
In this example it is a short, I have just logged in so I could make only one trade for now, but if it goes any higher I will go for it.
This is a simple trend with a simple break, but I have and I will post some other examples, of a progressing trend, and how to adjust our trades and entry zones.
For now TP is, 1.36277 - Stop is a good question, but I would set it to the previous swing high, that happened before our blue trend line was broken.
The logic is simple, when we break the price level of the "second trend leg" that means that the trend is done for, and the new trend needs to continue, hence it needs to make a new swing in the direction of the newly formed trend.