I have found this strategy to be the most profitable one for me so far. (demo only) One of the challenges that I have to work on is my “need” to get the best entry possible. This has come back to bite me more than once… or twice… or .
I believe this is rooted in my current chart reading skills and impatience of missing out on possible pips, an emotion I have to tame. I will either try to anticipate color change, with price action and S&D or find the 9wma has changed for a candle or two on a 30M chart and jump in.
However, on exits this strategy has kept me in trades that I would have otherwise exited too soon.
Since the start of my account (end of Nov. 2018) I am in the green! I continue to work on my chart reading / analysis to improve my entries.
Reading all the S&D post on BPs as helped tremendously and I continue to learn but I still have the have the the occasional urge to “touch the hot stove” to see if it is really hot!