My Trading Strategy in 3 Steps 📊

As per @TradingView 's previous post, in this article, I am going to share my trading strategy in three steps.

📌Step 1:

First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. Is it bullish, bearish, or stuck inside a range?

If the price is sitting in the middle of nowhere, then it is a NO trade zone, as the price has a 50% chance to go either up or down. Thus, there's no edge!

Remember: No trade is also a trade.

📚Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2.

📌Step 2:

Zoom in to lower timeframes like H1 and M30 to look for any reversal setups.

A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over.

In parallel, wait for a swing high to be broken upward around a support for the bulls to take over.

This would be the confirmation to enter the trade.

Just like a sniper waiting for the perfect shot!

📌Step 3:

Target at least a 1/2 risk-to-reward ratio. This way, even with a 50% win rate, you can still be profitable.

Remember: We are risk managers, not traders. We can't control the market; the only thing we have control over is our risk.

📚Always follow your trading plan regarding entry, risk management, and trade management.

Hope you find the content of this post useful 🙏

All strategies are good; if managed properly!
~Richard Nasr