Disliked{quote} Hey Fartist thanks for your reply, that is useful to know thank you, I am testing a similar strategy with good results so far and mainly focusing on trading pullbacks with an aim to look at breakouts once I am more familiar with the setups. I feel as if the trend following strategy is more 'compatible' with my trading personality, daytrading seems very stressful in comparison! For me trading the 5m charts I sometimes feel like a Kamikaze pilot going into battle, whereas trend trading the higher timeframes feels like piloting a B2 stealth...Ignored
Great to know that trend following is working out for you.
The downside of this approach is losing streak. Most traders give up halfway due to the consecutive losing streaks that is bound to occur especially from a trend following system.
Recently i had a 7 losing trades in a row, but i'm comfortable losing and that's simply the cost of doing business.
Rock on!
fartist
Whether you can or you can't, you are both right.