In the starting days of my trading I was also searching for the holy grails and trust me , I blow my 80% of account to using all these holy grails and when I started to keep trading simple with only 3 points that are - 1) TREND 2) MARKET STRUCTURE 3) PRICE ACTION then it become so easier to be a successful trader and will only suggest you to work on it either you are a intraday trader or a swing this is the best and easiest method of trading .
We will understand this process by the above example. In this chart there's a trendline coming from upside which I used as a parallel channel , when the price broke the L-1 line then I was only thinking to go short as the upper trendline channel has been tested 2 times so this could be the 3rd time may be a rejection could happen there's but as I said I'm a very conservative trader and looking for multiple confirmations so I didn't take the trade at 3rd POINT. But at the 4th time rejection I did it. Reason to trade there - 1) downtrend 2)bearish pattern of HEAD AND SHOULDER 3) price break the neckline as well as the major support level 4) with huge bearish engulfing candle Trade simple and captured a 25.7% move downside. I hope you all will understand what I want to say pure price action based trading is as simple as nothing to do with the indicators(I also used some indicators but that's a different kind of story and will tell in the next tutorial ).