The Moving Average
Learn how to simplify your trading using the Happy Trails indicator and a strategy that focuses on market structure and support/resistance zones. By being patient and waiting for specific signals, you can improve your trading statistics and profitability. Follow the specific rules for each indicator and utilize the trading floor membership and Discord community for support.
Trading Simplified: Strategies and Signals Explained
Introduction
If you are a trader looking to simplify your trading activities, you have come to the right place. In this article, I will show you a strategy to trade, which will help you understand the signals that you should not take. Additionally, I will introduce you to an indicator called “Happy Trails,” which will simplify your trading process.
Focusing on Key Rejection Points
When you zoom into your chart, focus on the areas where there are “peaks,” which are rejection points of the price. When you get a long-wick rejection like this, you can draw a rectangle box to make it a zone of support and resistance.
Zones of Support and Resistance
Happy Trail gives you a trade entry indication with an upside-down smiley face or a right-side-up smiley face. When drawing out your support and resistance areas, wait for price to hit these specific levels and react off of these specific levels. Do not jump the gun and get stuck in a liquidity grab.
Trading with Patience
Once the price gets to this zone, you have drawn up your box, and you are waiting for a trade entry signal. You can either target this zone again or go with a one-to-two risk to reward ratio. Consistently following a one-to-two ratio can make you a profitable day trader. Wait for your setup and be patient in areas where price has previously rejected.
Avoiding Breakout Trader Mistakes
If you are an impatient breakout trader, you might jump into a trade too early and get stuck. Once you wait for breaks and retests of areas of structure, double bottoms, and double tops, you can enter the trade.
Understanding Market Structure and Support and Resistance Levels
Knowing market structure and support and resistance levels will improve your trade entries using these indicators as concrete signals of enter this trade at this candle. It will help you avoid the feeling of missing out on a trade’s profit.
Using Indicators
You can use Happy Trails, Brute Force, Stair Master or Outback; all these strategies have specific rules that you need to follow. Happy Trails, for example, gives you a trade entry indication with an upside-down smiley face or a right-side-up smiley face.
Membership Requirements
All five of these indicators are part of the trading floor membership, which costs 20 GBP per month. In case you have questions about these specific strategies, we have a strategy support section in the Discord community.
Conclusion
All in all, traders who take time to learn market structure, support and resistance levels, trend lines, Fibonacci levels, and other trading tools can make the right trading decisions when opportunities arise. Happy Trails, along with some other strategies and signals, can guide a trader into making optimal trading decisions with the right balance of risk and reward.
