Entry on Breakout and Hold of counter trend line for an aggressive entry Or Enter on a small LH formation for a less aggressive entry.
*This may seem as an overly strict strategy to some, but your edge needs to be spot on each time. willy nilly trades with any old LHs or breakouts etc. Is just a recipe for losses and losses. With my system I know within 1 candle if my trade is valid or invalid, i act accordingly. If the market closes above my entry(Sell trade) I know that the market isnt giving me the momentum that im looking for and the probabilities have dropped. And if the momentum does appear in the markets then i know the probabilities of a TP or at least a BE trade are very strong.*
*Backtest your systems everyday, find patterns beyond the original LH or breakout etc. narrow your edge and finally see what profitable trading looks like. It's boring but effective. If this trade closes 1 pip above my entry at any time im closing and i will for every single setup because theres no Hope in the markets its black or white, valid or invalid.*
@TheSignalyst, counter trends are very underestimated! i know you use them in your trading and you can agree, once you incorporate them into your system it is a game changer!!