The more years i spend at this game, the more i try to simplified my life.
My trader evolution brings me to that:
- 4h and daily trading.
- GBP pairs.
- MACD (histogram mostly) and price analysis.... yes that's it! simple enough and my profitability/time ratio never been that good.
- I also put some ema's to quickly spot the trend and avoiding putting too much emphasis on the chop. Stoch serve only as extra confirmation.
No more scalping and small TF trading. Too much time consuming, trading cost impact is too high.
My trader evolution brings me to that:
- 4h and daily trading.
- GBP pairs.
- MACD (histogram mostly) and price analysis.... yes that's it! simple enough and my profitability/time ratio never been that good.
- I also put some ema's to quickly spot the trend and avoiding putting too much emphasis on the chop. Stoch serve only as extra confirmation.
No more scalping and small TF trading. Too much time consuming, trading cost impact is too high.
You got to strike when the moment is right without thinking