Strategy My Strategy 90% Profit

[Kaybino]

Today I will explain my strategy in small words so that you can adapt mine and create yours.
A very simple strategy

1- Identify the trend of the 4H or 1D market

2- Check Support and resistances at 4H and 1H

3 - Wait for some rejection and engolfing candle at 1H, put the SL on top of the candle

View attachment 11713

This is what I've been doing for the last 3 week's and I've had some good trades with it.
But I also use RSI to look out for divergences.

Caught a great trade last week on gold.

 

[alex218]

which indicator do you use for the support & resistance? or did you draw them manually ? very good!

 

[kennyhoang]

It's simple but looks good. I will try it. many thanks bro!

 

[hmZV]

interesting strategy zoman .
thank you, good job!

 

[skrillexxx68]

it looks promising. which indicator do you use for the support & resistance? or did you draw them manually?

manually on Trading view

 

[Abee]

Does this need indicators or not? Please let me know. Want to try

 

[littlemien]

i will try it bro, thankyou for sharing ur strategy

 

[Koyh]

simple and clean, will try it later to see its effectiveness

 

[vkongkad]

Thank you for the strategy. How should I set the TP? From the picture, is it another support level or just let it run?

 

[subaruprix]

Thank you very much for sharing it, a strategy easy to follow indeed!