What is your most profitable trading method?

Here’s a chance to tell everyone which trading method or strategy you’ve found to be most profitable. It can be a Forex Factory strategy or a non-FF strategy. Additional comments about it are also welcome.

This type of thread has been tried before. One died out because it was setup as a vote. Another wanted proof of profitability and didn't get many posts. Let’s leave those two things out this time, and see how it goes.

Which trading method has been best for you?

the most profitable tradaing method known to man is this:

watch the market
dont put real money on it
and watch it do exactly what you predicted it to do.... for hundreds of pips or even thousands (3000 in one case i predicted last year)

I think it would also be benefit to know how LONG has a person been using that method profitably? And if he/she trade live or demo with such system?

I use tips of Dailyfx and sometimes from cnbc too.....but mainly dailyfx....

short example: i watch out for reversel candles in trend direction (weekly)
then i move to h4 there should be a VVVV (jumpy) wave against the higher trend, which was broken, the breakout can retrace back but only after one or more days sideways then it should show me a strong resistance (shooting star, bearish engulfing on h4), after that there should be a strong move in weekly trend direction, where i enter somewhere doesnt matter (h1,h4 in freefall before the range, which must break hard or im out) with the stop @ prev swing high then i trail stop (daily) and add positions on retraces, they should be obvious (strong spike moves, could be a day or two) as long as there is no sign of reversal on daily, trendline, s/r, channels and forks guide me through the forest and are regularly adapted, decisions are made on price action at these lines, positions could be open for days, weeks or months unless im stopped out or weekly/monthly resistance (price targets) is met
stops are ment to never been hit (doom stops), i mean they are most of the time too far away and only trailed if daily swing low is broken, price should say when it doesnt want to go farther anymore, most of the time it gives you an exit point near the low, before it changes direction
its obvious this doesnt work in ranging conditions (daily, weekly ranges)
its all highly discretionary, what is price action at s/r? it should be obvious, if you look at the chart it should jump right in your face, if its not then there is no trade, if i went into a trade and i was totally wrong, like thinking "now this was totally stupid, its obvious it goes the other direction" then i go the other direction, more often than not after that it goes 10, 20 times my loss into profit, in the olden days i was first shocked, but then i held on to my initial direction so i tried to "get a better entry" after a few of these entries blown i realised that i could have made all what ive lost if i went in the other direction. still im learning, only experience can teach us

What is my most profitable trading method?
I would suggest Trading with the Trend (or Trend Trading)
If you question the older, experienced brokers/traders at the brokers who you trade with, I will guarantee that they will confirm that trend trading over the longer time frames is, by far, the most consistently, sustainable profitable method over time.
Sure, it is not as "glamourous and "exciting" as short-term scalping or some other over-active methods, because it is uni-directional. (You are only trading in one direction- That is, the direction of the trend !). And you will have times when you may be out of the market for a period of time as you wait for the market to finish correcting before getting back into the trend.
But it will be profitable.....big time. Especially if you use the three BIG key benefits and features of forex trading: Leverage, Liquidity and rapid compounding of profits.

.

Trading fractal breakouts on the 15 minute chart in the direction of the daily and 4 hour market flow (trend). This method has worked well for me since 2007 and continues to work well. As Jacko said above, trading with the trend is the best way to go. Trade breakouts on a smaller timeframe in the direction of the long term trend.

The Mouteki Method using the breakout of UK, US and Tokyo opening range sessions as entry works well also.



forexnetworth
www.forexnetworth.blogspot.com

risk management.

m

a lesson my dumb azz has only recently been able to absorb.

In FF, I have very good experience with orange roshan's SRDC level 1...levels 2 and 3 are really just another system.

I trade correlated pairs. I do not create pseudo hedges by entering simultaneous trades on both pairs. I enter trades on weakness on the individual pair and TP into strength.

Ex.
AUD/USD USD/CAD

I enter buys on dips on either pair with very low leverage. I usually accumulate many trades on each pair all entered at different times on weakness.
When AUD rises, TP's are taken and USD/CAD buys are entered if price dips sufficiently and vice versa.

I can adjust dollar exposure by overweighting one pair according to my bias of USD trend.

Yep, me too. Trend trading. Actually, Jacko, I do find it kind of exciting...because it works.

yeah, thats what i wanted to say, trend trading on higher tf ... exactly
why complicate things?

Scalper, swing trader, or position trader it don't matter you must find a way to let the few good ones run and ride the waves, just like surfing.
Now that's profitable!

Answer this one: which ones are the profitable ones? When should I exit?
That will take skill.

Trade pull-backs/retracements within an existing trend. Thus applicable to any time frame/time horizon or market. Use stops.

Best.

How do u handle false breakouts. I am been trying a similar strategy but got whipsawed a lot

There might be something in that

After trading for 4 years, I came to some conclusions: To make any real money at this, I needed to trade a decent amount of lots..minimum 2 standards ($20) a pip. Trying to consistently make 100's of pips a day on mini lots wasn't all that viable for me, especially when the market got choppy and wasn't trending well. So , I put together a system I call Momentum scalping. I use a dollar index chart and a live dow feed and a dow futures chart. The dollar index chart is a huge advantage when trading dollar based pairs like the euro/usd or pound/usd. The interaction between the dow futures, the dollar index and the currencies gives one a big advantage over just looking at a currency chart. I don't bother with Fibs, Moving averages or any of that stuff. I get in on a pair when it takes off. I never try to assume it's direction, but jump in while a significant move is occurring and grab 10-15 pips. Don't usually take more than 15 pip max stop, and seldom let it go that far. I don't uses candlecharts since they're too slow for my purposes. Been able to pay my bills with my profits. Gets your adrenaline going and is definitely not for everyone. I'm also trading Gold and oil futures as well.

Price action at support and resistance levels. Best outlined in the James16 chart thread but also practiced by a lot of people on the factory.

I heard it said once that of the 5% who succeed in this business, pretty much all of them come back to an understanding of naked price action.

I also think simplicity is the core to any method. Jacko's style of buying with trend on pullbacks to the 50% retracement or with round number confluence will make it very hard to go bankrupt in the long run. Trend trading is great. I'd rather run with the horses than in the face of them.

For me money management come first, eventhough you lose 60% of a time...youre still in the profit margin...thats the important thing...here are book that you can read that ill upload at my blog... tradezines.blogspot.com. Youll notice how important money management can change your game and life

"Teaching people how to fish is better than feeding him a fish"