What is your trading method?

Hi Alesh,
After many years of trading I've learned that your precise method is not that important in itself. Pretty much all of them are derived from a few common basic strategies and none have a huge inbuilt edge, there is no magic formula out there.

However, what I do think critical are:
1. that your method & timeframe suit you. If you are not comfortable with your method you won't be able to stick at it through difficult patches, as you must.
2. your risk control, position size, discipline and consistency in trading your method are far more important than the fine details of the method itself.

To finish by directly answering your question: I am a short term intraday technical trader using 5 minute charts. But this information is of no value to you unless you happen to share all of my psyche, market beliefs and emotional disposition. You need to work this all out for yourself first, then derive a sensible method that suits you, and then acquire the necessary discipline, risk control and consistency to trade it properly. In my experience most wannabe traders never bother to go through this process and so they lose sooner or later.

Good luck!

I trade intraday using Technical Analysis. I don't work for the government nor any reporting agencies, so I cannot trade fundamentals. Not knowing the market reaction, but still making a trade, is what I would consider gambling. I prefer to trade. Here are my threads. One is a generalization of my technique and the other is some screen shots I posted so family and friends can see what I am talking about when I talk about trading.

There are many things to consider before you can trade effectively. Time is the first. When will you trade? Control is the second. Do you want to trade hands-on or set-n-forget? Process is the third. What is your edge for entries and exits? Write down your thoughts, sort them out, devise a plan, create it, and then trade it. If you are not willing to be a trader, then consider finding someone who is and let them invest your money for you. Nothing wrong with that. Everyone is an expert at something. The smart people let experts work for them, so they can concentrate on their own area of expertise; just like you use doctors, lawyers, mechanics, etc. Good Luck.

https://www.forexfactory.com/showthread.php?t=481007

https://www.forexfactory.com/showthread.php?t=571093

Use a trend indicator and an oscillator and trade the pullback in a trend.

somewhat trend following

For scalpers, example 5 min timeframe, fundamentals are still important?

Not.
The most important to know news releases, it brings volatility, what is the basic need to be able to be fast in and out.

Yes Yes Yes!!! One can probably scalp 100% technically (or not) but it's definitely not the smartest way to do it

hahaha..what a question..
in forex..everybody is not wrong.whether buying or selling .the matter is at the end of the day,week or montly your acc grow in profit or loss.
i use m1..and i am scalpers..

That doesn't make sense to me. If one thing works for someone, how will it not work for another person? It's already working.

I trade only daily charts, anything less is trading the market noise. Some people can do that. Guess I am not so clever like them.
Its been pretty good so far, been doing this for almost a year part time. . I mainly use my noisefree system

read this:
the only indicator you Need maybe it helps youlike it dit to me

only using multi timeframe stochastic and couple of moving average. h1+ chart. works pretty well for me.

i use EA to trade statistical arbitrage but failed.

Now i just trade manually & i trade only one pair, eurusd, but i made decision based on the movement of the other six major pairs "audusd,gbpusd,nzdusd,usdcad,usdjpy,usdchf" and the decision is made by somekind of neural nets.

Presently, I am on the learning in the Forex Market, I have lost a lot so I am learning to make more profits online.

my method is....ehm what my method (still thinking) and I name it BMDK System derive from bahasa language BMDK (Bosan Miskin Demen Kaya) System hihihihi xixixixi, but sometimes I use other method that is gambling method hihihihi xixixixi for fun
BMDK system use triple timeframe: one bias timeframe and two execution timeframe, use indicator only THREE indicator THE CANDLE PRICE itself, PSAR and FRACTAL.

Its been heavily pipsing last night... daily chart no stress. Having a great time

What are your entry and exit points?

I think we all should first learn how to preserve our trading capital.

Trade safe and prosper.

KP

UCDCAD entry 1.27898 on going 98.9 pips
I have few more on going. My trades are over several days sometime weeks.
Only daily chart

Daily naked chart is all you need. Your eye is best indicator ever.