Finding Entries
In this video, I talk about how to look for entries using the "Market Cycle".
Understanding how the market moves is only part of the equation when it
comes to making money in the markets.
I cover:
- Market Structure / Price Action
- Candle-Stick Formations
- Managing Risk
I used to, and still do get overwhelmed sometimes when trading. That's if
I over complicate things. Develop a trading plan that you follow each time
you decide to get into a trade. What confluences are you looking for? It
does not really matter what it is.
If your signal is "when the moon turns red, and the toad croaks three
times at the stroke of midnight" then that's what works for you. I highly
doubt that there is any longevity in a system based on that signal, but
my point is that you have to use the tools that makes sense for you.
That could be moving averages, trend lines, bollinger bands, heiken ashi,
ect. Identify the "signal" or your "edge". Then take the risk.
Happy Trading.
Understanding how the market moves is only part of the equation when it
comes to making money in the markets.
I cover:
- Market Structure / Price Action
- Candle-Stick Formations
- Managing Risk
I used to, and still do get overwhelmed sometimes when trading. That's if
I over complicate things. Develop a trading plan that you follow each time
you decide to get into a trade. What confluences are you looking for? It
does not really matter what it is.
If your signal is "when the moon turns red, and the toad croaks three
times at the stroke of midnight" then that's what works for you. I highly
doubt that there is any longevity in a system based on that signal, but
my point is that you have to use the tools that makes sense for you.
That could be moving averages, trend lines, bollinger bands, heiken ashi,
ect. Identify the "signal" or your "edge". Then take the risk.
Happy Trading.
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