Sorry for the long write up but this is what I do when I think a new trend might be forming - my process:
- 5M Zero Line Cross (Red Line):
When the 5M Nova crosses down the zero line, it’s my heads-up that it could be time to start looking for sells and a new 1M trend might be starting. But I don’t jump in yet—confirmation is key.
- Marking Structure Breaks (Pink Lines):
I look for the low that broke structure on the 1M chart. This shows me sellers are starting to take control.
I mark that low and the retracement high (pink lines) to define the range I’ll work with.
- Wait for the Break:
Now it’s a waiting game. I’ll sit tight and wait for either the low or high to break before making any moves.
- Next Retracement and Nova Confirmation:
After the next structure break, I wait for a retracement. Here’s where Nova comes in again—if it confirms momentum is in my direction, that’s when I’ll look to enter.
- Patience Is the Game:
This isn’t about rushing in; it’s about waiting for everything to line up. Most bad trades happen because people can’t wait.
A Few Extras I Use:
- Fibs: During retracements, I pull Fibonacci levels and look for reactions around the 50%-78.6% zone. This often lines up nicely with Nova confirmation for a cleaner entry.
- Stops & Targets: My stop usually goes above the retracement high, and I stick to at least a 1:2 RR. No point risking more than what the trade can give.
- Multi-Timeframe Alignment: I make sure the 1M and 5M trends are pointing in the same direction to avoid getting chopped up.
It’s all about being patient and letting the setup come to you. If you rush, the market will punish you for it.
You can lead a horse to water, but you can't make it drink
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