Hello fellow traders I’m FACTSFX and I have been training since October 2017. The purpose of this thread is to find out how one could be prepared in any market situation. Knowing that the markets range 80% of the time And trend 20% of the time, I am to figure out away to help others get out of a bad run in the trades by switching up the trading styles In their approach to a certain type of market. The way I Trade normally is Price action as the core analysis Support and resistance along with Order blocks, structure zones and supply And demand. Sometimes I will trade a Break out set up but only if I get a retest of a certain Support and resistance zone and if price action On my entry timeframe is showing continuation price action. I also make a habit of putting my support and resistance lines directly on the Candle bodies instead of the candle wicks only because in my experience it gives a better data read out of what price is actually truly doing. I use the wicks as strictly as exhaustion on any timeframe. I analyze weekly and daily charts and I enter on h4. As far as trend trading, the methods that I mentioned earlier can be used in the same manner as range trading. I would just used the above mentioned methods and look for continuation price action and reversal price action. I don’t use stops in a conventional way because honestly most of my trades go blue pretty quick and then I’ll place the respective stop loss to the respective trade. I’ll watch my trade up until that point and I don’t hold losing trades but that’s a no brainer. I’m always open to learning a safer way to manage my account so feel free to show me the light. My personal main preference is swing trading for a few days to a week or so but it all depends on me and price action but please don’t get it twisted I can scalp all day no problem. I’ll post my two latest trades on Eu and btcusd I won’t have much explanation to it but the it should be pretty apparent that I applied one or more than one of the above mentioned methods. I’m big on confluence. If you have no idea what you are looking at just ask and I’ll explain. This is a universal thread and all styles are welcome. Feel free to add value to the thread.
Happy trading and thank you for your time.
FactsFx
Happy trading and thank you for your time.
FactsFx
