23/03/2023
Get Ready to Master the Double Impulse Pattern! | Trading strategy
__________________________________
Unfortunately, Facebook's functionality doesn't allow for convenient writing of educational articles. For easier viewing, I suggest that you to click on the link that I've provided below.
[ https://telegra.ph/Get-Ready-to-Master-the-Double-Impulse-Pattern--Trading-strategy-03-22 ]
However, this is not mandatory. If it's more convenient, you can read it here. What is mandatory - your feedback on whether this article was helpful. Thank you:)
__________________________________
What youâre seeing on your screen (1), thatâs me starting the recording late and probably missing a great entry point.
Now, what am I even talking about? Our regular viewers might have already noticed the Double Impulse pattern that weâve previously talked about in detail in this [ https://youtu.be/-nNi7daqB2I ] video on my YouTube channel.
Let me do a quick recap for you. If you see that after a strong impulse the market starts consolidating and then another impulse brings it to the closest level of resistance, most likely the price, after reaching a level of resistance, would start going back down again.
So, here I was just waiting for it to happen and decided to check if the recording was on, and of course it wasnât. And while I was turning it on, the price managed to fall back to the middle of the impulse point.
(Screen 1.)
Well ok, if this turns out to be a false rebound, and the price goes back to the level of resistance, I will enter the market with a put option.
Right, but the price here reaches the level of consolidation, so the patternâs pretty much completed, and we can just close this chart down.
(Screen 2.)
Alright, I think there was potential for the Double Impulse to form on an AUD/CAD chart, so we should probably switch to that. Letâs check if we have a resistance level here.
And yes, here it is, the price does reach the resistance level, and I finally enter the market.
So, here is what I saw: there was this first impulse, then the market consolidates a bit, starts to go up, and here will come the consolidation weâve been waiting for.
(Screen 3.)
Sending a screenshot to the Telegram team, so that they know why I did what I did.
(Screen 4.)
And the only thing thatâs left for us to do, is just wait until our option expires.
That was just a textbook Double Impulse.
Just let me send the result to the team, and weâre ready for another one!
(Screen 5.)
I donât know why but today Iâm really lucky for the Double Impulse pattern.
As with the previous one, Iâm trading using a 3-minute timeframe and 10-minute expiry.
Thatâs the first impulse, then a quick consolidation, and then it stops.
And, very importantly, when trading binary options, only make a move when the market starts moving in the direction you expect it to.
(Screen 6.)
While we wait, let me show you the resistance level itself.
Also, as we can see, the market is trading at its lowest in a long while, so that gives us a boost in confidence, since the price is more likely to go up than down.
(Screen 7.)
Here we go!
And thatâs exactly the reason why we should opt for a longer expiration time!
Itâs important for us to have some to wait out such fluctuations.
(Screen 8.)
Sending the result to the team, and weâre good to go!
(Screen 9.)
Wow, ok, something incredible is happening!
In just a few hours of trading I stumble upon another Double Impulse pattern!
But, honestly speaking, this entry point is quite a risky one since I noticed it a bit too late.
What we should have done, is enter the market right here (green), and leave here (red).
(Screen 10.)
But this particular pattern has a long movement potential.
The movement potential of a Double Impulse ends in the middle of consolidation, so our chances are quite good, and I decide to enter the market.
(Screen 11.)
And, while we wait for our option to expire, let me answer one question I get asked very often:
- âDo people from your team actually manage to follow your signals in time?â
Well, first, 80% of the team members set up auto-following. The platform Iâm using allows connecting any account to mine, and then all my trades will automatically take place in yours even if youâre offline at that point.
I post signals and my logic behind them for the 20 percent who want to be selective about the trades they want to make.
Second, at this point in time, Telegram is the only messenger that can deliver notifications about my signals instantly, so on average, people who do everything manually, have a time lag of only about 30-40 seconds, and considering that I usually trade using a 10-minute expiration time, itâs not critical.
So, today we just had 3 patterns successfully working out in a row. I think itâs time for us to take a break now and get back in a few hours, if the market, of course, is not too volatile.
(Screen 12.)
For a trader, itâs essential to know where to stop and not give in to the excitement.
Thank you for reading this article till the end, I hope you found it useful.
Subscribe, if you want to see more content like this!
And, if you want to follow my signals for absolutely free, I invite you to my Telegram channel, the linkâs on your screen [ https://t.me/mark_connect ] and in the description below! If you have any questions, leave them in the comments section, or text me in any of my social networks.
And, as always, stay safe and be in touch!
(Screen 13.)