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I use the weekly chart to define the trend. And entry on the daily or 8-hour time frame.
Price action patterns (hammer, bullish/bearish engulfing candles at support and resistance, 50MA, trend line).My biggest challenge was finding a strategy that fits my personality. I was jumping from one strategy to another. I was more of an impulsive trader. I know I was missing something until I found out what Trend Following is and price actions patterns.
I started 7 years ago with a $2000 account and still have the same account with 40% draw down. Did not blow up my account for 7 years.
I would stop all of that. It’s not valid. It’s not trend following. Start below with my links.
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