A little bit about my method

I'd like to share with you the basics of my trading method.

1) Trade the right market

• How do you know if that market is the right one for you ?
  Open up your charts (Daily timeframe). The market must be clearly trending up or down.
• To see the trend, look at the bars, if the left-hand side is lower than right-hand side, that's a bullish market. Vice versa for bearish market.
  

2) Once the trend is identified (bull or bear), plot the psychological price levels. Why is this level so important ?

3) Look for price levels where

• Resistance turn to support or vice versa
• 50% retracement from a major bull/bear run.

4) Buy at support or sell at resistance level. Use pending market order.

5) When the order is triggered, use trailing stops. 50 pips is good for EUR/USD.

6) Never ever trade against the trend. If the trend in daily charts is bull, never short the market.

The above is the snapshot of EUR/USD. Why do I trade this pair? It's because the market trends beautifully. The long-term trend is bullish.