The Most successful trades are the ones that follow your planTrading is simple but it is not easy
If It was easy everyone will be making money, it is simple in the sense that a set trading plan once followed can yield positive probability results.
I will teach you my most successful trading method. I have been using this method for years & it is no secret, this trading technique is used by many traders, the more traders who use this technique the more of a true self fulfilling it becomes.
Use three charts, a Long-term Chart, a Current term chart and a smaller term Chart.
Identify the long-term trend on the long-term chart. if the trend is up. use the Current-term chart to identify a correction into a qualified DZ. use the small-term chart to time your entry, time your stop loss and time your profit targets.
This is the theory of a successful trading strategy. for the practice check out my other trades.
In this long trade on PEP Pepsi, the long-term (M) is an uptrend. the price corrects into a DZ, that also happens to be the Higher Low of the (M) uptrend. the Long trade was initiated & two profit targets were reached when the price held steady proofing a price correction & not a trend reversal.
