Simple and profitable trading style
{quote} Hi Buddy did you stop trading Daily chart. This week I have got some nice trade with this simple method in the daily chart. Here is AUDCAD Trade setup. I am not that confident in this setup, Because last week price close above 20 SMA. Today is CAD High impact news will come out. If any one take this trade, I don't think he will lose much small stop and large tp target . {image}
{quote} Small stop reduce win rate, I found this information hard way. Small TF excited the traders, Help traders to over trade & over think, Reduce win rate. Give more stress. Help revenge trade. Small TF setup not reliable like Daily TF. Instead of trading small tf what we can do is trading the daily tf. we can use H1 as our entry tf. The bigger the tf bigger the return.
{quote} The strategy is that you get in shorter TF, using the longer TF to follow up the movement.
I continue to learn from the market that there is no better place to wait for strong signal- specially reversal S/R levls
{quote} I have fixed the problem about uploading. This is the reason I focus on shorter time frames. I caught on 1hr. Am using the 4hr and daily to follow up for now {image} {quote} You could see that small time frames have nothing to do with size of your profit you would make {quote} Where I posted the strategy. It's 103 pips down
I caught this one this morning. As usual I would be monitoring it with longer TF- for now with 1hr 4044102 {image}
I caught this one also with stochastic. Sometime it just obeys and continues toward the direction. At times it can be crazy and becomes fakeout. I trade breakout and fakeout. {image}
