Daytrading does not work
quote larry williams: "daytrading is just price price momentum."
there is not a strategy that works all the time, especially the fancy looking ones like ICT buying in a "value area" are very frustrating to trade.
WHY not simply buy and sell levels that every algorithm sees and trades?
prior day true range (from open to close) has usually a good 50% level where you can buy on the following day with target prior days high. or short if prior day was a down day
It really does not matter if price touches the prior days 50% levels 4,5,6 times just get in with a fixed stop and target your 3-4 times reward vs risk exit zone.
Just get in realy with 15 min bar confirming the reversal at the desired level. Works also on nasdaq (also use the half of the day before yesterdays range as level)
there is not a strategy that works all the time, especially the fancy looking ones like ICT buying in a "value area" are very frustrating to trade.
WHY not simply buy and sell levels that every algorithm sees and trades?
prior day true range (from open to close) has usually a good 50% level where you can buy on the following day with target prior days high. or short if prior day was a down day
It really does not matter if price touches the prior days 50% levels 4,5,6 times just get in with a fixed stop and target your 3-4 times reward vs risk exit zone.
Just get in realy with 15 min bar confirming the reversal at the desired level. Works also on nasdaq (also use the half of the day before yesterdays range as level)
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