Lets understand what a strategy is!
A strategy is a process which is penned down in to steps to achieve the desired outcome.
My strategy is :
Go long in uptrend
Go short in downtrend
No trade in sideways
Go short in downtrend
No trade in sideways
(trends are defined by time frames one trades)
I use top down approach and enter in opportunities on the lower frames when the tide turns towards the major wave. It makes it more rewarding since as a trader all i have to do is sit and let markets do the rest.
Tools which helps me
Trendlines,SMA,RSI, Volume
Trendlines : helping to find the least resistance area.
SMA : SMA slope helping to define if its a sideways or trending move.
RSI : helping define the momentum (shift in momentum)
Volume : helping define strength of the move.
SMA : SMA slope helping to define if its a sideways or trending move.
RSI : helping define the momentum (shift in momentum)
Volume : helping define strength of the move.
Above four mixed with position size & money management is my process done to trade.
Attached screenshot of my chart & contract note.
Contract note screenshot
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