- 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 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)
- 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