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Re: Trend Follower

Chickenspicy, Sat Jun 18, 2022 11:47 am

Price action is king, please read books about price action to understand the behaviors of patterns , higher highs lower lows / congestion confluence/ trend consolidation/ rejections breakouts,,
trendlines and support and resistance lines are the best way to trade because the market is always making a linear progression, and is a battle between buyers and sellers at key levels,,
the context of the market/ market structure is more important than any indicators

Laurentiu Damir - in depth price action (book)
Tradeciety (youtuber)
are good recommendations i use


-basically look for lines and gauge the highs and lows
balance/imbalance
broken/unbroken
x entries
+ exits

tips-
confirmations on lower timeframe create more confluence more signals
dont chase trades that already happened
manage trades by trailing stop manually
watch out for reset hours spreads widen/ some news
a symbols value is pegged to its desirability
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