Thread by @anishjain_

Thread from @TraderHarneet and @Rishikesh_ADX call regarding @Rishikesh_ADX's trend following strategy:

- Trade with trend (Dow theory HH-HL/LH-LL)
- Multi timeframe analysis
- Use higher timeframe to identify Trend & lower timeframe to identify entry / exit for Trade

(1/3)

- Use previous HL as SL and trail profits
- Use position sizing and RM tool (per trade max risk 1-2% of total capital)
- If trend up, buy at support & book profit at resistance
- If trend down, sell at resistance & book profit at support
- Use ADX for trend confirmation

(2/3)

- Manage your risk and profit will manage itself
- Check your returns in % terms and not value terms
- Price is the leading market indicator
- Follow this system with discipline for atleast 3 months

Combine #PriceAction & #TechnicalAnalysis for best results

(3/3)

RT if helpful