This is My Powerful Trading Strategy
In this article, I take you through my powerful trading strategy. This strategy is part of an extensive approach which uses multiple time-frame analysis. Nonetheless, it can absolutely stand on its own as well, as you will find out when you finish reading.
Once again, our analysis will take place on the Tradingview platform. As with all strategies here on ChrisFX, I will take you through the process step-by-step.
What Makes This Trading Strategy So POWERFUL
My trading strategy is powerful for one simple reason. Unlike other strategies, where one is lost looking way back in time, this one follows recent price action and it adjusts to what the market is offering. Furthermore, it follows ONLY one time frame, the 15 minute timeframe.
I will clarify everything step-by-step below. For demonstration purposes, I will use BTCUSDT throughout the whole article.
Step 1. Identify An Impulsive Break Of Structure
First of all, for this powerful trading strategy, what you want to see is an impulsive break of structure on the 15 minute timeframe. In this occasion, we had multiple breaks of structures. This gives us even more confirmation regarding the strength of our point of interest (Order Block).
Step 2. Identify The Order Block At The Base Of The Impulse With This Powerful Trading Strategy
My powerful trading strategy needs this second step. In addition to the impulsive breaks of structures, you have to identify the Order Block at the base of the movement. This is where the impulse started from.
Now, pay close attention. I did not only include the last bearish candlestick. I also included the wick of the bullish candlestick, since this whole thing is our valid order block. Always include the part of the lowest point, at the base of the impulse.
Step 3. ATTENTION To Liquidity. Do NOT Let Minor Breaks Of Structure Fool You
The minor break of structure that you can see on the above image, is not a valid POI to trade from. Nonetheless, it is creating liquidity in order to trick traders out of their positions.
The valid order block is the one at the beginning of the impulsive movement which broke structure towards the upside.
This is why my trading strategy is very powerful. Because it identifies ONLY the significant order blocks, while it is leaving out the noise.
Step 4. Wait For Price To Retrace To The Order Block
All you need to do now, is be patient. More likely than not, price is going to retest this significant order block. This makes my strategy powerful.
You can enter the trade in various ways. You can set a pending order at the beginning of the order block, with a stop loss right below it. Otherwise, you can set your pending order at the 50% level. In addition to those entries, you can also wait for extra confirmation on the 1 minute timeframe, where you can wait for a change of character and then enter.
You can target the high of the previous area. Or the low in case of a downtrend.
If you want to see a video on this strategy, then click below!
ChrisFX Courses
Trading strategies (including this Powerful Trading Strategy) can be very risky if you do not control your emotions and if you do not have a strategy which is giving you a statistical advantage.
It is normal that you will go through periods of consecutive losses and consecutive wins as well. If you want to be able to calculate those aspects of trading in advance and build a robust winning strategy, then you can check out my courses.
In the courses, I teach you elaborate winning trading strategies. Furthermore, I teach you how to build a robust trading plan, starting with the importance of statistics and trading psychology. That way, you can take your trading to the next level.
As with all trading strategies presented here on ChrisFX, if you want to test them out, do so by trading with fake money, or otherwise paper money. NEVER test one of these strategies with real money. When and if you decide to do so, you do so at your own risk and I take zero responsibility for your actions.
Enjoy 🙂
