This is an example of how I enter trades. These setups provide the best trading opportunities because the risk reward ratio is huge.
On the left hand side, the weekly chart. Here there is a H&S pattern, a pattern that I use for long positions. I find it easier to trade this pattern from the long side, because most of them are fake. A bullish divergence was confirmed two weeks ago, but right now the impulse is still red. This makes this an anticipation trade.
In the middle, the weekly chart shows a possible double bottom. The impulse is still red, so the divergence and the double bottom are not confirmed. Again, an anticipation trade.
On the right side, the 4H chart has a confirmed class A bullish divergence, as the impulse is blue. Price closed above support.
This is the best timing I can find for a trade. The risk reward is absolutely huge.
Did you get stopped out of this trade? I'm aure you reentered even if you did, but curious.
vlad.adrian
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Just saw your message now, sorry. I did not get stopped out, I don't trade with stops, and if I do, they are well away from the market. I actually doubled my position, but don't remember exactly where.
Click on the share button below the agree button, click make it mine, delete the indicators that you are not interested in but keep the impulse system, save template and you will always have it there.
danndc
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sorry but where is the agree button, and the share button?
vlad.adrian
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Sorry for not answering earlier, I just saw your second comment. When you look at my chart, on the left side at the top corner you have a thumb up button and a share button. Click on share, and then a window will pop up. On that window, you have a blue rectangular button called 'Make it mine'