I have learned price action and order flow behind price action to a some level and i'm still learning those skills. I applied those skills in binary options and they worked. But to tel the truth i don't have consistency in trading. I'm starting this new thread to improve my consistency and share my skills on chart reading. This is not a strategy for novices. You should have some experience plus knowledge about price action and order flow behind it.
This is not a regular pattern trading method like entering trade after pin bars, engulf, morning star or any PA pattern. This is about reading candles and understanding the order flow (dominance of bulls and bears). Usually i watch 5M chart and enter 10 - 15 minutes trades. I don't wait for confirmation candle like pin bar or what ever. Core of this strategy is reading candlesticks, understand order flow and build a story and then enter trade once price reached the appropriate level on the chart.For this you need screen time.
I don't use any fancy indicators.I use only 20 EMA, Round Number indicator, Price label indicator, candle time indicator and SR level (Barry) with alerts indicator.
And guys believe me, trading is not only about skill to read charts. It's about psychology and your power of mind. So as a habit, i meditate everyday once in the morning and night before i go to bed.
To make consistent profits, you must have a good mindset.
I trade only EUR/USD, GBP/USD and USD/JPY.
Here are indicators and my template.
Indis and template.zip 51.14KB 277 downloads
Here is a trade that i have made.
Let the discussion begin guys....