HitBox Strategy - Profitable (Forex & Futures)

Hello all.

I'll be journaling my trades and providing chart analysis using the trading strategy I created called the HitBox Strategy.

It's not overly complicated like ICT or SMC.
It's purely price action based and easy to learn.

You can catch reversals and continuations with this strategy.
There are 6 setups.
These setups consist of 3 main plays and 3 secondary plays when the main setups don't appear.
Everyday there is an opportunity as long as price is not consolidating or there is low volume.

Consolidation = NO TRADE.

THIS STRATEGY IS SIMPLE & VERY PROFITABLE.
All you have to do is follow the rules.


I'll be posting my results and analysis here only.

 

Strange ....
So far no trade.

 

Just when do you know it's a consolidation? It's usually well after the fact that it becomes obvious.

 

Tuesday Dec 3rd
Trade: Gold


Noticed a decent demand setup on the 15min time frame and set a limit order.




Switched to the 5min TF and monitored PA, as well on the 1min TF after hitting TP1 pretty fast




1min TF was playing around and making low wicks, but no top breaks -- so I moved my stop to half the original risk





Price bounced again -- so I looked for a 1min high break indicating good momentum



Hit TP2 after a little while



And then TP3 for a nice win for the day

 

You can determine consolidation based on how the candles are printing.
They stay in a small "range" and struggle breaking out. There's no real movement
I trade the 5min TF, so for me consolidation is easier to see as opposed to a higher TF because the candles take much longer to print to give you an idea of whats happening.

Hope that helps

 

I forgot to mention also that as far as my strategy I know it'll be a consolidating session (I only trade 3 hours a day during NY) because of the same fact mentioned earlier.

In the strategy there are specific parameters that I trade. If there's no "break" above/below those parameters, then it's indicating to me that the market is consolidating.

 

Hey, made my first post!
Had to get approved first by moderators.

 

Here is the first trade. Buy the new High

 

What is hitbox strategy?

 

A way for someone to use a forum to promote their (currently free) discord community, with a view to building up a marketing list without having to pay to advertize.