Your trading strategy for Futures

My friend trades with a strategy that uses so-called anchor points and is specifically adapted to futures trading.
The anchor points are notional support or resistance levels plotted on the chart, which are based on the values of the preceding period (for example, an hour or a week). This parameter is determined by the trader, but the strategy shows good results on daily charts.
Anchor points, as a rule, set the dynamics of the trading day, so it is convenient to use them to find entry or exit zones. Reference points are plotted on the price chart as horizontal lines. In these areas the intersection of the interests of exchange participants takes place, here it is possible to determine the general direction of price movement for the nearest period.
Let's move on to practice. The variant of trading on the breakthrough will be relevant only in the presence of a well-defined trend. The trading technique is elementary: we open a deal every time the price passes the nearest reference point (the candle will be closed beyond its boundaries).
To improve performance, he advise trading only on days when the quote is near one of the significant support or resistance levels.
And, accordingly, avoid situations where there is a large distance between the price and the reference point, because there is a high probability of further market reversal with a pullback in the direction of the initial price value.
An excellent additional filter will be the use of the MACD indicator. Such variant will suit well for conservative, cautious traders who wish to get small but stable profit.

 

i prefer BLSH

 

after 30 years of doing various techniques there is only one one i would recommend; simple, powerful,

 

read this one paragraph it will make you more money than any other technique i have read nothing else no book or article for 13 years this one principle can save you a hell of a lot of grief

 

with twenty lots one trade a day can make your living.

but i just like to trade .....make good trades. after being puzzled by market for ever

the money once you have some does not really matter...

as long, as it is not lost.

with brooks that is not an option

 

Book review: Reading Price Charts Bar by Bar | Futures (futuresmag.com)

 

I bracket market and trade direction of breakout. I'd like to trade what the market is giving me and not what I think it's suppose to do.