The turning point back in the direction of the trend, typically a high bar taken out to the downside in the entry zone for a short and vice versa. Yes as to patience waiting for setup and I trade manually. The grey line on my chart is the 90 wma so yes multiple. Understand that in any manual...
My trades are simply a variation of the trend pullback. It's called the 930 after my late friend Mike Bruns who named it. The 9 refers to a 9ema and the 30 is a wma. For a short, thee must be a close or at least half bar above the 9 without the ma's crossing. If they do cross, I first look to...
I use a third monitor but it's been just for browsing, email, youtube, pandora, ET etc but I could slam a small chart on it. But if I'm going to incorporate the HWB/MM into my plan, I will need at least a couple more.