Had a few requests to share my chart setup, so feel free to make this chart yours and save the template.
Indicators used:
1) Ichimoku to get an idea of general trend direction and key support/resistance levels.
2) Directional Movement Index to get an idea about trend strength.
3) Candlestick pattern indicator (hammers, etc.) for confirmation. Tbh, you don't...
I was thinking about this concept while I was driving after dinner.
You do not need a fancy $500 Monthly subscription for an edge.
Here is the Concept, You can build on this.
Notice how the Murrey Math Oscillator works in finding the pullbacks with a trend. Experiment & create your edge .
NOTE : EVERY PULLBACK TRADING SYSTEM WILL FACE TRANSITION ZONE, ITS...