Forum Newbies Ask Questions Right Here [Q&A] Thread Reply To: Newbies Ask Questions Right Here [Q&A] Thread






September 3, 2015 at 9:53 am

Good Day Jon, very important question indeed.

The answer is, there is no specific strategy that will work for everyone. The important thing to do is to stick to the more basic stuff like support and resistance, Fibonacci levels, trend lines, big round numbers. Make sure you have a good understanding of all of these strategies. Take a look at our strategies for some examples of how to use them.

Once you have taken a few trades with each of them, you should start looking at levels of confluence. This is where more than one of these strategies line up at the same level. For example a resistance level and Fibonacci 61.8% retracement. These trades have a higher probability of working out. Stick with these for a while.

The best strategy in my opinion would have to be price action combined with supply and demand zones. This is where all the strategies basically fit in together. Screen time will also have a huge effect on your success.

Play around with the above-mentioned strategies and find what works best for you. Please refrain from using lots of different indicators on your chart as this will only confuse and mislead you to what is really going on on the chart.