August 5, 2016

My trading strategy explained in one chart

- Draw lines indicating areas of support and resistance.
- Then buy on close above resistance with SL below support.  And vice versa.
- Works in any time frame - 5 min, hourly, daily, weekly.
Risk management takes care of losses - profits are whatever the markets give.
- Finally, everything boils down to probability.

So simple... no indicators, wave counts etc. 

I don't know why people like to complicate things and use charts like this.

Put differently, if you are spending more than 1 minute to analyse a chart then something is wrong with your methodology. 

More analysis never leads to better results. 

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