Confluence Is The Key To Success
Updated
Attached above is a perfect representation of how i generate a trade setup.
Building a tick list of requirements prior to a trade not only gives you a higher probability of long term success,
but also reduces impulsive and emotional behaviour.
In my opinion there is a huge misconception that 1 indicator is enough to become a consistently profitable trader, i feel building an area where price is likely to reverse based on multiple confluence factors will give you the 'edge' over the market that is required.
Building a tick list of requirements prior to a trade not only gives you a higher probability of long term success,
but also reduces impulsive and emotional behaviour.
In my opinion there is a huge misconception that 1 indicator is enough to become a consistently profitable trader, i feel building an area where price is likely to reverse based on multiple confluence factors will give you the 'edge' over the market that is required.
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