Rate my Strategy/help refine please!

I

iamnewuser911

50.5% win rate, Risk v Reward varies from 2-3. I skip any trades below 2 Reward.

I would like to ask for some help to increase its win rate/risk v reward.

Ill post some of my setups.

I identify a SR level, then wait for a one hour candle to have a wick rejection.

I want a better win rate if not better RR, both would be fantastic so any ideas?

Yes I know psychology, risk management is important. But lets keep this thread on strategy.

My TP are next rejection level/SR or I cut back some profit if price action shows weakness at 2-3 RR.

https://www.tradingview.com/x/gAz8godM/

https://www.tradingview.com/x/OEwA9Txt/

https://www.tradingview.com/x/duwmtyTS/

https://www.tradingview.com/x/nXGiTCu6/

https://www.tradingview.com/x/5wa5uuZB/

Entries is on closure of hourly candle with stops above the highs.

Also, I forget to say I only trade support turn resistance/resistance turn support as SR.

TLDR: I only trade Support turn resistance and vice versa.

Entries: On Closure of hourly candlesticks that has touched the level but unable to close above/below

Stop Loss: Few pips below high low of candle sticks.

Take Profit: Next Support/Resistance Level (Not support turn resistance/resistance turn support.)

@Scataphagos @Redneck
Some advice :D
 
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Invest in markets that have provided a statistical "edge". The U.S. equities markets are supported by good policy, monetary stability, consistent economic growth and incentives to reward shareholders. Ir has risen 60+% of the time and 30+% of the time.
 
IMHO,...it appears to me that you are only drawing horizontal S/R lines and not diagonal ones. Much more benefit comes from combining the diagonal with the horizontal ones

Here is an example using your chart. Also, it appears you are looking for reversals. Unless I am misunderstanding something I dont get why you want to fight the trend. The trend is your friend.

https://www.tradingview.com/x/0pZdGc1j/
 
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eganon69 said:
IMHO,...it appears to me that you are only drawing horizontal S/R lines and not diagonal ones. Much more benefit comes from combining the diagonal with the horizontal ones

Here is an example using your chart. Also, it appears you are looking for reversals. Unless I am misunderstanding something I dont get why you want to fight the trend. The trend is your friend.

https://www.tradingview.com/x/0pZdGc1j/
More...
I would like to this also. Why do you fight the trend?
 
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