Simple to grasp strategy.

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People want to find a winning strategy but ignore what it means to obtain a winning strategy.

If you think there is a magic formula, you are wrong.

However, if you understand the logic behind something like Dow Theory, the theory emphasizes the importance of identifying market phases: accumulation, public participation, and distribution. You will be on the right path.

To simplify this; use only 3 time frames; Daily, 4 hour and an hourly.

When the two larger times are aligned, you wait for the smaller one to change its sentiment (direction) and you have a strategy. From here you can refine and refine as much as you like.

This is the closest to a “silver bullet” you will find.

Research the concept in depth and you will find all modern TA stems from this concept.

All else fits into and under this logic;

Elliott/Wyckoff trend following.

submitted by /u/TransitionApart1555 to r/Daytrading
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