Craft a Strategy That Fits You
Trading strategies aren't some ready-made crap. You need one that fits your style, not some "expert's" fantasy. We're showing you what's actually put money in our pockets—real gains, not some fake Meta Trader transaction. But don't think it's a free ticket. You gotta put in the damn work to find your edge and stick with it, even when those charts look tempting. Don't let those candles fool you.
Greed and emotions? They'll wipe out your account quicker than a bear market. That's why building your own strategy is non-negotiable. Stop being a loser following those "gurus" who are just full of empty promises. That's the only way you survive when those frauds disappear. Here are the strategies we actually use.
RSI Trendline Breakout Strategy
To enhance your trading precision, utilize RSI trendline breaks to validate signals. Upon signal appearance, plot a trendline on the RSI from overbought or oversold levels. An RSI trendline break signifies a higher probability entry, effectively filtering less reliable signals and emphasizing momentum-driven trades. Employ RSI trendline breaks to confirm entries for improved trading outcomes.
RSI Divergence: Boost Your Trades
Another effective way to use RSI is to identify divergence. RSI divergence often signals a potential chart reversal, allowing you to enter the market when divergence occurs in overbought or oversold areas. While this strategy may result in fewer entry points, it offers a higher degree of safety. This approach is well-suited for traders who prioritize stability and lower risk.
Highlight Trading: Simple Wins
Traders can use the highlighted areas on this indicator for potential entry points. When a signal appears and the area is highlighted red (overbought RSI) or green (oversold RSI), it suggests a possible reversal due to confluence. This method provides more frequent entry opportunities. However, remember that increased trade frequency also increases the risk of losses. This strategy is best suited for disciplined traders who consistently use stop-loss orders and adhere to them, even when price moves against them.
Trade Smart: Use Limits
To enhance your trading strategy, leverage limit orders. When used in conjunction with reversal indicators, they demonstrate an 80% hit rate, effectively reducing slippage and maintaining a robust risk-reward ratio. This approach helps mitigate the pain of stop-loss triggers. Trading is fundamentally about managing losses—both frequency and size—as opposed to solely focusing on wins. Small, frequent wins are meaningless if they're overshadowed by catastrophic losses.
TEMA: Trade with Confidence
Leverage TEMA for effective trading outcomes, as its reliability is well-established. Combine it strategically with your indicator for increased profitability and reduced risk. When a signal arises, resist impulsive action and confirm the candle's crossover of the TEMA, waiting for a full close or, for long candles, a 3/4 crossover to ensure validity. Patiently waiting for this confirmation dramatically reduces your losing rate and protects your capital.