I am a day trader that is looking to maximize my profit potential. I want to pinpoint the pivot mark during intra day price action. I base my trades with naked forex strategies along with the one week overall trend, recent news, support and resistance levels and several indicators to help determine price action, along with being over bought or over sold. I seem to manage an 80 % success rate, give or take a few percent each month. I am seeking some one with the knowledge of which indicator(s) best represent the turning point in daily price action. Can any one help me ?
[QUOTE=“Fx semi pro;574611”]I am a day trader that is looking to maximize my profit potential. I want to pinpoint the pivot mark during intra day price action. I base my trades with naked forex strategies along with the one week overall trend, recent news, support and resistance levels and several indicators to help determine price action, along with being over bought or over sold. I seem to manage an 80 % success rate, give or take a few percent each month. I am seeking some one with the knowledge of which indicator(s) best represent the turning point in daily price action. Can any one help me ?[/QUOTE]
Sounds like you have it all figured out man. With 80% success rate you can just forget about daily turning points. Also, just a side note, indicators and naked seems a bit contradictory.
I don’t have have it all figured out. After only two years I am certain I have much to learn. It is contradictory. I base my trades with naked strategies, but when I need more certainty I resort to indicators. It’s like mixing natural pathic medicine with traditional medicine. Opposite ends of the spectrum, yet combined, often yields better results. It’s the same idea. How ever, being that I trade with the trend I do not worry when my positions falls slightly against me, I also trade with stops. But, I’m looking for some one to assist me In a way that I can hone in on the best entry price that is reasonably possible. From reviewing my trades I see this as an area that needs to be worked on.
I have heard of traders that have blown that average away. This average is only over the past 4 months with this strategy. I am currently beginning the fourth month with this strategy. So I wouldn’t say it has with held the test of time. I know it can be improved, and I am seeking some one with more experience or furthered knowledge that could assist me in what I am seeking.
There are a bunch of day traders on the forum, so I’m sure you can get some advice. I’m not much help, as I swing trade. You could also find an active thread that is related to your trading style an pose the question there. Best of luck
[QUOTE=“abrsive;574668”]There are a bunch of day traders on the forum, so I’m sure you can get some advice. I’m not much help, as I swing trade. You could also find an active thread that is related to your trading style an pose the question there. Best of luck[/QUOTE]
All right. Thank you for your assistance.