These are what help me. Will they help others, maybe may be not.
Boxes bro, always the boxes. Boxes are based on fractals i.e. price - highest high, lowest low. The liquidity is based on time and only time, which is why it won’t work on a fixed time frame. Personally don’t believe in run of the mill indicators. But there are others (well at least one good fellow) whom are very experience with them.
The ross hook indicator is a very good trend indicator. Its also based on higher highs and lower lows
See the date of the first post. Thats over 3 years. Apart from a digression to Donchian Channel trading thread (very similar as both are based on break outs of highs or lows) this is all I do. Thats what gives me the edge.
Actually have just finished going back over this thread. It was the main reason for starting it. It truly documents a what stage of my journey I was at in this period. Its incredible to think how much it has evolved in this time. It is why people fail. They system bounce. Find what works for your then wash rinse repeat. It is truly on of the most boring occupations one can do.
Hasn’t always been the way. When I apply my one trade once a day 10 pip sl, tp rules, my best quarter was 8%. Thats the costs involved in that strategy. I needed to win 3/5 trades each week, 2/3 weeks to achieve that. A 1:1 risk reward ratio never returns that after costs. Learning how to widen my stop and obtain a better risk reward ratio is what brought consistence and a increased return.
The green and red lines you sometimes see aren’t support or resistance lines (the boxes indicate them) they are my trade sl and tp levels. Not the stops are not place at a level however a few pips above or below the level.
And as I type I enter my first for the day. Got 1% on, going for a 1:2 risk reward. Maybe I’ll get a second entry latter
But if you excuse me have to take a short legged doji out for coffee