Today, we are discussing a trading strategy that combines personal preferences with 12 different trading methods. The key elements include allowing open duplicate orders, closing orders with a profit between 1 to 5 percent, and holding positions for no more than 5 days. There’s also a focus on breakeven profits and trailing stops to maximize gains, a risk-reward ratio greater than 1 to 3, and closing all orders before the market closes every Friday. The goal is to achieve more than two consecutive wins or losses.
The first method discussed is price action trading, which uses candle patterns and fractals for trades. Multiple positions can be opened during strong price movements, with stop-losses placed at key levels. Next is range trading, where Bollinger Bands and RSI help in entering positions at extremes, exiting if profit criteria aren’t met within 5 days. For trend trading, ADX and Ichimoku indicators help ride strong trends, with similar closing conditions.
Position trading uses Ichimoku and moving averages, while day trading captures intraday moves and closes trades by day’s end. Scalping employs Parabolic SAR and Stochastic for quick trades that close as soon as profit targets are hit. Swing trading uses MACD and RSI for identifying swing highs and lows, and carry trading focuses on short holding times.
The method continues with breakout strategies, news trading for volatility spikes, and retracement trading on Fibonacci levels. Finally, grid trading defines volatile zones using ATR or Bollinger Bands. Merging these strategies can create a flexible system that adapts to different market conditions, emphasizing the importance of staying responsive to the market. The overall takeaway is to refine strategies for changing market dynamics.
