The Best Phase of the Trend: The Expansion PhaseBeing a successful trader requires the ability to identify the phase of the trend with the highest probability of success.
The best opportunities arise during the expansion phase, where the prevailing trend resumes, pushing the market to new highs or lows.
This phase is characterized by swift, decisive market moves with minimal pullbacks, aligning strongly with the overall trend.
My Trading Steps:
1. Define the Primary Trend on the Daily
Identify the dominant trend (uptrend or downtrend) to establish the broader market context.
2. Look for a Countertrend on H4/H1
Spot corrections or pullbacks against the primary trend, signaling potential setups.
3. Find a Trigger Candle
Watch for a Marubozu-like candle at the zone of the countertrend line break or the last clean, untested breakdown.
4. Exit Rules
Exit the position if the price closes below the trigger line.
5. Take Profits
Target key Fibonacci levels and significant support/resistance zones. a countertrend on H4/H1
This is an 80% Setup: Targeting Fibo 138.2
The strategy has an 80% success rate when the target is set to the Fibonacci 138.2 level, calculated from the closing prices of the correction.
This precise targeting aligns with the expansion phase of the trend, ensuring high-probability entries and exits while maximizing potential profits.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
