What has been your most effective strategy or strategy in confluence with another for trading the market?
When you are good at handling more strategies at a time, I am sure you will get better results. Price actions to identify the support and resistance levels which
isin confluence with 200 moving average is the one, I am testing right now. I recently decide to go with multiple strategies to ensure filtering out the noises. So far my paper trading is good but at new hours, I guess, not trading could be a better strategy.
I use indicators definitely but you need to have experience with the indicators and not just follow them blindly.
Indicators are too good only in higher time-frame whereas when I try for short term day trading, I could not find any useful signals from those indicators. Probably, I might be missing out some precise setting things, this is the reason why I could not make any right signal out of indicators at right times.