Refining my strat
I started trading a year ago, started with scalping blew a few accounts and always found myself coming back. I’ve reeled it back in I’m currently back on demo backtesting and seems to be doing ok so far.
I think I’ve found my edge, I used to get overwhelmed with all of these different conferences, words, abbreviations. Keeping it simple is what I’ve found starting to work for me. I trade trendlines, touch points and retests. For me an a plus set up is:
Trendline with 3+ touches, respecting the trend.
Look for break against current trend outside of the lines
A retest and a strong reversal.
Does anyone else trade like this, what could I do to have more confidence in each trade.
Happy to hear thoughts on this and what I could do to improve.