Now, there is no one strategy that is the "holy grail of strategies". However, with certain practices you have a higher rate of profitability.
This chart for me personally i'll be trading on a retest and fail should it follow though with failing at key levels, or previous lower high level.
NB, I purposely didn't put in risk to reward ratios or targets. But you should get the idea.
- 1. Notice the trend "down trend, in this case"
2. Identify key area/areas.
3. Define target/s and stop area.
4. Wait for confirmations of your biases.
This chart for me personally i'll be trading on a retest and fail should it follow though with failing at key levels, or previous lower high level.
NB, I purposely didn't put in risk to reward ratios or targets. But you should get the idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.