Education

A Trading Plan Is Important For Success - Here Is Mine

Updated

In this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.

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A solid trading plan is your foundation and key to success as a trader. Today, I'll break down a potent trend continuation strategy that capitalizes on established market momentum. We'll focus on pinpointing trend direction, then validating prime entries using price swing analysis. Specifically, in a bullish scenario, we hunt for those uninterrupted higher highs and higher lows. If they're present, the Fibonacci retracement tool gives us our edge – the 61.8% level is a sweet spot for entry. Now, if that bullish trend falters (think lower highs and lower lows), we stand down. It's better to wait for the next swing high/low pattern to form, signaling an opportunity to ride the continuation. If the trend reverses, we look for the same in the opposite direction. Remember, this is for educational purposes only and not financial advice.

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Here is the follow up to the video above. Every Trading Plan MUST have A Sound Risk Management Strategy In Place. Here's how to avoid the biggest mistake I made in my trading career!

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Here's a video on how to find precice entries scalping using the same startegy as above

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The 4th video in this series taking your trading game to the next level:

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