I illustrate three methods here and they cover 90% of all entries to get into a Silly Wave target trade.
The first is a Pinnacle trade. A point in the market and enter a quarter below the low or high of that point.
Two is a Bar trade. That is to put a stop just above the bar or just below depending on direction of market. Keep moving it on every bar till engaged or the market has moved significantly on. Indicating your analysis was wrong to begin with. This is the safe guard with this method.
Three is the Trend Line trade. To enter on a trend line trade. Wait till a bar is formed just above or just below the trend line in this case a short would be activated. Opposite for a bull or long trade.
The fourth method is also a trend line trade. This trend line will angle up or down with its matching trend line opposite forming a channel. Once but not very often it will crash through this line. The reason to use stops. Otherwise one exits on the line or enters on that angling line.
There it is in a nutshell and pretty simple to do without being subjective. When I mention target you know what to do to get in the trade. Weather one uses a line or bar is close enough to be profitable.
For protective stop. I use 1-3 points. That is 50-150 bucks to protect my trade.
One caution. As the market heads for target. I am looking for the wave pattern to unfold. If it does not. That is cautionary warning to the trader to recheck analysis.
In watching my analysis you have a chance to start seeing patterns that are not described in any books that are in print describing wave patterns. Way to many to compile but channels define them for you.
Also, be checking the speed at which the market moves toward turning point. Seldom do they spike, but spikes are very fast in and out and easily determined. Otherwise they should move in slower and out faster. If not your probably on the side of a losing trade.
I expect my trades to move immediately in my decisive direction.
In conclusion: There are many more ways to enter the market safely. These are my favorites for this system.
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