Survival Of The Strongest Trading Method
This is my personal trading style which provides me bread and butter provider. So I know it will do the same for you. So keep reading it again and again until you can clearly see what i mean to say.Some trading knowledge before we begin. Do not skip it.
1. As the name suggest market always move in the direction for the stronger player. So the more stronger the market participants, more likely the trade will move in their favor.
2. The market can have both strong buyers and sellers at the same time so one sided analysis should never be done.
3. Do not let your EGO, FEAR, GREED come in between you and profit.
So keeping the above points in mind lets continue.
Few years back indicators were trending and every trader started using them then the trend currently shifted to price action and people are having high hope for it.
The truth is, whatever you use, if you know to trade you will make money. For people who think trading should be complex they them-self make it complex and similarly people use simple trading approach and still makes money. So ultimately making or losing money is simply my own choice.
I personally believe trading can be very simple and can have a fixed set of rules to overcome the market. Thus this method is made which gives me about 70% accuracy in any time-frame and market. But the more practice you will do the more accurate you will be. For a new trader the accuracy should lie between 50-60%.
As the risk-reward ratio is between 2 to 4 for every trade, i have a lots of trade to chose from and trading very few trade a month generates a decent profit.
Trading method is completely discreet and can be traded manually as well as can be easily converted into a EA. Choice is yours. I made using EA Builder without coding.
Next post: Market analysis.