This is going to be the start of my long-term trading thread. Ill see if it implodes or actually profits. In the past I have been an avid scalper, scalping on the 5 and 15 min time frames, with a 80% success rate, but on the 20% I reluctantly removed my sl and blew up some accounts because of ego. Now i'm going to try using a price action type style. The only indicator I will use is the stochastic 14 period. The other portion of a good entry is to wait for a traumatic drop in price. I've noticed on the longer time frame that even though a drop will be 1000 pips, it always seems to retrace to the previous low, so with this observation I will combine that with the stochastic. I will wait for a drop to the next historic support zones and scale in until it hits the previous support zone and collect the pip profits! Note this observation also works when a bullish movement is occurring. Once the new resistance has been it, it should retrace to the previous resistance level. Good note though, watch out for historic votes like brexit! I will show on a chart later what I mean if I did not make it very clear. This method is slow and boring, and will perhaps hold onto a position for more than 15 days.
