As the title suggests this thread is dedicated to a simple high probability trading strategy that I have been using for many years. It has evolved over the years as I have learnt different things from different traders and gone through the cycle of adding and/or taking away indicators for confirmation and that warm squishy feeling of entering a trade knowing or thinking rather that just because an indicator says to get into a trade it must be a winner.
Have I eliminated all of the indicators? No, but I do have considerable less than what I have had on my charts at one point or another. My charts today are pretty much bear with only a moving average and a cycle indicator to filter out some of the lower probability setups.
Now it is important to remember that none of what I am about to show you is new or magic or bullet proof. However with some practice, patience and discipline you will find that this system is about the easiest to trade, the most straight forward to learn and provides you with a high winning percentage. All of these are factors that I believe retail traders need to become a success in this market.
Ultimately I am going to show you how I make money from the markets.
Before we get started… I would like to outline a few rules for this thread. I haven’t done this before but it does seem that unless people do outline rules threads end up going off topic or arguments erupt. So here they are:
1. This thread is for the strategy I outline in this thread and that strategy only. If after some experience you start to add your own flavor to the system you are still free to post here but please do not let the thread turn into a thread of many strategies. The basic premise should remain the same which is trend trading with range bars.
2. No arguments! I am not saying I know everything about the markets and perhaps my approach doesn't suit your personality. That’s ok… I can accept that but please do not start attacking other posters on this thread or indeed myself just because we may have a different way of doing things to yourself.
3. Let’s have fun and make some money… so please post your trades, charts and questions
So what about the system… well to ensure that I don’t write war and peace in any one single posts and I keep the learning process simple and in bite size chunks I will outline the system over the next few posts.
Thanks for reading and I hope you find profitability with this system as I have.
Have I eliminated all of the indicators? No, but I do have considerable less than what I have had on my charts at one point or another. My charts today are pretty much bear with only a moving average and a cycle indicator to filter out some of the lower probability setups.
Now it is important to remember that none of what I am about to show you is new or magic or bullet proof. However with some practice, patience and discipline you will find that this system is about the easiest to trade, the most straight forward to learn and provides you with a high winning percentage. All of these are factors that I believe retail traders need to become a success in this market.
Ultimately I am going to show you how I make money from the markets.
Before we get started… I would like to outline a few rules for this thread. I haven’t done this before but it does seem that unless people do outline rules threads end up going off topic or arguments erupt. So here they are:
1. This thread is for the strategy I outline in this thread and that strategy only. If after some experience you start to add your own flavor to the system you are still free to post here but please do not let the thread turn into a thread of many strategies. The basic premise should remain the same which is trend trading with range bars.
2. No arguments! I am not saying I know everything about the markets and perhaps my approach doesn't suit your personality. That’s ok… I can accept that but please do not start attacking other posters on this thread or indeed myself just because we may have a different way of doing things to yourself.
3. Let’s have fun and make some money… so please post your trades, charts and questions
So what about the system… well to ensure that I don’t write war and peace in any one single posts and I keep the learning process simple and in bite size chunks I will outline the system over the next few posts.
Thanks for reading and I hope you find profitability with this system as I have.