After several months of trading, back testing a variety of technical indicators & strategies on my demo account, my curiosity has led me to several articles, seminars, videos, ebooks & blogs which overall I’ve learnt from.
I’ve realized that I’m more suited as a swing trader for mid to long terms trades, my trading strategy involves price action through the use of simple charts (no indicators) with trendlines & horizontal levels acting as support & resistance in multiple timeframes (30min, 1hr, 4hr & daily).
I enjoyed using technical indicators but after a while I realized the lagging factors that everybody talked about. It led to my discovery of trendlines because I found that with my knowledge of candlestick & charts patterns, I still lacked perfect timing to enter & exit my trades… But soon realized that fusing trendlines & horizontal levels for support/resistance was the missing piece to the puzzle of my trading strategy as they enabled me to anticipate the swing levels.
Throughout all the winning trades I’ve had, it’s actually the losing trades that have made me more disciplined, patient & less reckless from taking trades in no mans land (which led to overtrading), the system I’m using & slowly perfecting allows me to set & forget trades as a test to my patience & trade management.
Lastly, I love trading mainly the Pound (GBPUSD, GBPNZD, GBPAUD & GBPJPY) but I also pay attention to the majors & gold. I still think there’s room for improvement but only time will tell as I continue to test my skills on demo before I decide to go live, hope I get to learn more from the members, maybe share some ideas & hopefully post some charts soon as learn my way around the forum.