Skyold wrote:Dear KRESLIK MEMEBERS,
I need the help and opinion of traders who have been trading for years, working full-time and succeeding.
- Do you only use one method when trading or do you have several methods?
- Depending on the currency pair you use different methods or only method for all currency pairs?
- Do I focus on the method and find the right currency pairs or do I focus on the currency pairs and find the right method?
I would like to thank you for the answers from experienced traders.
thank you in advance
I use several overlapping methods. Near enough all of them based on trading-a-line. The only exception would be my Thunder+Lightning scalping and even there I will use Z-Lines, Wick-Zones etc as entry methods.
I focus primarily on The DAX and run the different methods on that. This isn't always what I have done but as time goes on, you just get comfortable with one or two favourite pairs. So, for me, one (or two) pairs, multiple methods. There's nothing to say that if there is absolutely nothing on for you, that you can't take a wander off to see what's out there.
If you are constantly scanning multiple pairs - what tf will you be looking at? All of them? That will add many more layers of screen blindness. You will find that you are constantly just missing entries, never quite getting the set up you want. Whereas keeping it tight on pairs means a much less stressful existence. You have your one pair for instance and then either have each method on a computer of its own, or even have a chart tab per method if that's beyond your means. You could even have a different broker for each method, while still using the same computer.
Anyway, managing the placing of trades / using the brokers is secondary, that often comes down purely to personal circumstances.