Objective: Build a master list of methods for identifying optimal entry.
Aspiring traders will benefit from a single point of reference for developing this particular ability. OP will be continuously updated with convenient links to the different strategies.
Please post anything you don’t see on this list.
John
We don’t count on luck.
Fibonacci Levels.
Use traditional fib levels to time entries. Also explore unconventional levels. There is an inclination to hide highly consistent tools from the public. Once my trading plan reached a certain point, I became very careful about sharing the structure of my toolset.
The message here is to test every concept you encounter, they are all worth the time and effort, because you never know which ones will prove to be consistent. The implication being that the source of the information is trivial. Strategy is the only thing that matters.
The next time someone tries to impress you with credentials, simply ask for the concepts they use and start backtesting each for consistency. We’re not here to admire the success of others, we’re here for answers. Answers which can only come from thorough testing.