A direct question to traders.
There are various effective strategies for trading the market, and success mostly is based on your understanding of any strategy of your choice.
What has been your most effective strategy or strategy in confluence with another for trading the market? Price action? or use of indicators? Or are you an ICT trader?Can you also share your reason for the strategy you use now, and which other strategies you have used before.
I'm the type of trade that loves to combine different strategies to get the goals that I want. I don't mind having to merge two or more strategy to get my goals of making profits from the market.
That's quite good if you combine strategy, and even if you are applying analysis to it, it should balance the TA and FA.
Before I tried this strategy, the "
trend following" strategy, since it's very common, I somehow made a profit, but not a consistent one. Identifying and following sustained market trends, entering trades in the trend’s direction, will somehow work.
Even though I know that there's no single strategy that is universally “
best.”
The most effective way is one that fits your specific situation, discipline, and risk management practices.