We are swing traders at trade primarily on the H1, H4 or daily charts. As discretionary traders, we find zones of resistances and supports to identify zones of possible reversals.
Discretionary Traders
We believe in remaining flexible in our trading techniques. While keeping true to some basic principles, we do not have a fixed trading system that we follow. Used together with good risk management, our technique has kept us profitable thus far.
Supports and Resistances
Our definition of support and resistance might not be the same as most people’s. Support and resistance are a zone where buying or selling takes over the preceding movements. Its a zone, not a fixed line where these places are found. Hence there are no way to find the absolute bottom or top within this zone. We like to allow the supports or resistances to come into effect before entering the trade.
Indicators
We do not use any indictors for our analysis. They represent past data and do not necessary show with high accuracy the subsequent movement. We base our analysis on purely price action.
Risk Reward
As traders, we do not claim to be 100% accurate. In actual fact, accuracy has been 40% at best. However keeping to a risk reward ratio of at least 1:3, we’re able to be consistently profitable.
Truth About Trading
Slow and steady wins the race. Truth is, trading isn’t all about instant riches. We believe that trading is about finding consistent profits, while keeping losses to the smallest possible.
That is what we try to achieve. Consistent profits, instead of quick profits.
For more about us, please visit Who are we.
