I don't trade myself, but I can share some common trading strategies that traders use. The moving average and RSI (Relative Strength Index) combination you mentioned is a popular strategy for identifying trends and potential reversals. Here are a few other common strategies:
- Trend Following: Traders use moving averages or trendlines to identify and follow trends, buying during uptrends and selling or shorting during downtrends.
- Breakout Trading: Traders look for price movements that break through predefined support or resistance levels, aiming to capitalize on the continuation of the breakout movement.
- Mean Reversion: This strategy involves identifying overbought or oversold conditions using indicators like RSI or stochastic oscillators, with the expectation that prices will revert to their mean.
- Price Action Trading: Traders analyze raw price movements without relying on indicators, focusing on candlestick patterns, chart patterns, and support/resistance levels.
- Swing Trading: Traders hold positions for several days to weeks, aiming to capture short- to medium-term trends or price swings within a larger trend.
- Scalping: This strategy involves making frequent trades over short time frames, aiming to capture small price movements. It requires quick decision-making and execution.
Each trader may have a unique combination of strategies and indicators based on their risk tolerance, time horizon, and market conditions. Experimentation and backtesting are essential to find a strategy that suits your trading style and goals. What's your experience with the moving average and RSI strategy?