There are a mountain of strategies that use candle patterns, in addition to other criteria, that form a trigger for a trade. Indicators require a peg relative to properties that differ based on the time frame being used. I haven't used indicators for so many years now that I am not even sure when I last touched one.
Last year I stopped used all drawing tools which seemed to open new trading opportunities for me. Furthermore, since October last year, I have simplified it even more and pay no attention the parameters that defines an entry signal - again I am finding new opportunities that previously didn't exist!
Perhaps it's just all the time I have put into this business over the years and I have opened a new chapter in my ability. Perhaps the ability was there all along and It just took changes to expose it. This is all assumptions of course yet I am interested in understanding it more.
I typically trade longer term (daily, weekly) on one account and 4 and 1 hour time frames on another. My methods never seemed to be too consistent below these and perhaps I never really gave them enough time. I have however explored these more recently and the 5 minute has been extremely good.
A little background in case you are wondering. This isn't a situation of me being profitable for the first time. I have been profitable for years. It's a case of something has changed and I am more profitable than ever before.
So to cut long story short. I would like to know from other traders that's been profitable and went through a similar transformation at some point where their trading has been on a higher lever ever since. I would also like to hear from those where it was more of a honeymoon period and had to backtrack to where they were before.
Other opinions welcome also.
Last year I stopped used all drawing tools which seemed to open new trading opportunities for me. Furthermore, since October last year, I have simplified it even more and pay no attention the parameters that defines an entry signal - again I am finding new opportunities that previously didn't exist!
Perhaps it's just all the time I have put into this business over the years and I have opened a new chapter in my ability. Perhaps the ability was there all along and It just took changes to expose it. This is all assumptions of course yet I am interested in understanding it more.
I typically trade longer term (daily, weekly) on one account and 4 and 1 hour time frames on another. My methods never seemed to be too consistent below these and perhaps I never really gave them enough time. I have however explored these more recently and the 5 minute has been extremely good.
A little background in case you are wondering. This isn't a situation of me being profitable for the first time. I have been profitable for years. It's a case of something has changed and I am more profitable than ever before.
So to cut long story short. I would like to know from other traders that's been profitable and went through a similar transformation at some point where their trading has been on a higher lever ever since. I would also like to hear from those where it was more of a honeymoon period and had to backtrack to where they were before.
Other opinions welcome also.
Taking trading to another level.
