I’ve been trading Forex since 2001. I developed my strategy with a focus on specific repeatable patterns that can be found across the major currency pairs at approximately the same time every day.
The trick is knowing what you’re looking for, and knowing that you may not find it every day. The market moves in repeatable patterns. When I identify the process of getting from one pattern to the next, I can anticipate with high probability the the market’s next move, and approximately how long it will take to get there.
When the market moves with agreement, trends emerge. When there is indecision or lack of agreement, ranges emerge. I look for indication of market sentiment as I prepare to trade within the trend or range patterns. There is evidence left behind as change in price either supports continuation in one direction or results in rapid reversals.
The secret to my success in trading is focus. In Forex there are countless possibilities with countless currency pairs, time frames, strategies, indicators, and techniques for trading (or simply guessing). When I was a student of Forex, I wanted to learn them all. I became a professional trader when I had the maturity to focus one strategy, my strategy, and I trade it perfectly. I am a specialist, and I don’t deviate or add to my methods.
Here is a fact. Markets trend and markets range. There is nothing else. My strategy clearly distinguishes trends from ranges by counting price bars in relation to their proximity to moving averages. When I got that right, I starting identifying the most effective area for trading within the trend or range pattern.
When you’re no longer guessing and needing to be “right”, you start being ready to trade the patterns you know. When you’re ready to stop being distracted, I will help you find your focus, too.