Neroloft wrote: Sun Jun 09, 2024 1:44 am
this is already based on price action and has combined profitable strategies (pullback, momentum, swing, and reversal) not to mention that this strategy has above 50% decent winning rate. this (Simple Trend Following Trading System) is all you need and is enough to get your slice of the market.

this is what i mean "everything is in here", here are some trading idea for you.
1. 2nd dot setup could mean the start of a new trend. tradeable
2. every pullback means a possible reentry. tradeable
3. every trend break is a potential entry as well. tradeable
therefore, 2 and 3 can be considered as momentum trades and when you can manage the trade down to another potential reversal area,
then its a swing. tradeable as well right?

if you want a reversal trades (more risky) @M5 trade the 2nd dot
1. @2nd dot, consider cci oscilllator is at ob/os
2. entry @ 21/7EMA cross then apply exit strats

for you to get the pullback or momentum trades
1. follow daily price direction
2. wait for pullback entry at the break of trend line confirmed by alignment with mfi/rsi target 10-15 pips, risk 10-15 pips