Dear Traders I am introducing here a highly disciplined trading approach without indicators, levels, price actions, patterns, etc that gives traders immense amount of confidence and next levels of profits. Trading based on fundamental Market EVENTS is the highest form of trading discipline. I am also introducing a strategy that works well with this disciplined trading and helps understand this disciplined trading approach. NOTE : Trading on Index is highly recommended for best results with fundamental Market EVENTS! It all begins with the question "How to define our strategy? An unconventional response may be "Why should we define our strategy? Why not the market defined our strategy?" Market is interacting with us in a profound way through EVENTS. These EVENTS are the foundation of a professional trader's strategy! In other words market defines our strategy! Fundamental Market EVENTS of trend formation 1. Trend formation at market opening 2. Sideways market breakout 3. Trend Reversal Fundamental Market EVENT for Entry Support/resistance formation Fundamental Market EVENT for Exit Support/resistance formation fails Fundamental Market EVENT for repositioning stoploss Stoploss hits then immediately trend resumes Chain Reaction Strategy This is the scenario for this strategy... You entered a trade and it just begins to move in the intended direction. Unfortunately the trend reverses and comes back to your entry point. In such situation most traders wait until it hits stoploss. It means they have totally missed to see it as an opportunity. Now instead of waiting for the price to hit stoploss immediately exit the position and enter for trend reversal. By doing so you are not only avoiding a conventional loss but also grabbing a new opportunity. If the trend reversal is successful then you make a decent profit instead of loss. In some rare case instead of trend reversal it becomes sideways market. On such a market condition simply exit with minimal profit or atleast with zero loss. IMPORTANT : Chain Reaction Strategy works BEST when you trade based on fundamental Market EVENTS!
Chain Reaction Strategy helps traders to understand/realise the FULL POTENTIAL of trading based on fundamental Market EVENTS!
Fundamentals are GREATER than you and me! I will consider all those who argue against fundamentals as AMATEURs!
IMPORTANT : Entering trade in the middle of a trend will be vulnerable to frequent stoploss hits due to high volatility in an established trend. Enter ONLY in one of the THREE fundamental Market EVENTS for trend formation, once you get confirmation by support/resistance.