Entry
Daily review of ETH interval 1HHello everyone, I invite you to a quick update of the situation of ETH to USDT on the 1H interval.
As we can see, we have formed a Rising Wedge pattern, which unfortunately is characterized by an exit from the bottom.
We can use the current situation to play the position, for this purpose we will mark the Stop Loss at $1618, which should be taken into account when playing short.
Entering positions in the area of the formation or just after leaving the formation at the bottom at $1525.
However, the target that can be taken into account is $ 1434.
2022 Entry Model ExampleThis is a video journal and example of one of the most profitable and easy to execute ICT entry models. Not only are the entry criteria objective but so are the targets. You can look for previous highs or lows as your target or fib retracements, DR levels, whatever works for you.
SPY THE NEXT LEG DOWN TO 360s The market is finally breaking down! We had another short entry at 405 which is discussed in my last video; if you aren’t already in a short- its best to wait for a entry. The market WILL go to 360s however your entry needs to be on point otherwise you will take a loss on any small move up on the way down!
How to do accurate entries using the 50% fib levelThis strategy will require you to be able to distinguish between the impulsive move and the retracement since we only apply the fib retracement tool to the impulsive move.
What you do is just lay your fib from the body to the body (not the wicks) then identify the 50% retracement level.
Now if you're an aggressive trader you can set a pending order or just execute an instant entry once price reaches your 50% retracement level.
On the other hand if you're a less aggressive trader, you will make a decision based on what price action will reveal at the 50% retracement level. I'll leave it to you to decide what kind of trader you are.
FREE - EURUSD - Key Levels Mapped Out In this post we have mapped out all of the major key levels to watch over the coming weeks for EURUSD.
They comprise of Monthly, Yearly & Structural Major Key Levels essential for price action in EURUSD charts. For any new followers, you are able to use these key levels to guide your trading decisions and watch for how price reacts to them in order to place trades.
Monthly Key Levels:
Monthly key levels are important because they represent longer-term support and resistance levels. These levels are significant because they can provide traders with a better indication of where the market is likely to move next, and may be used as an entry or exit point for a trade. Long-term support and resistance levels can also be used to identify possible reversal areas and to set profit targets.
Structural Key Levels:
Structural key levels are important because they help traders identify potential areas of support and resistance. These areas are important because they provide insight into the underlying strength of a trend and can be used to identify potential entry and exit points. By analyzing these levels, traders can better determine when to enter or exit positions in order to maximize profits. Additionally, these levels can also be used to indicate when a trend is reversing, allowing traders to position themselves accordingly.
Summary
These are all important levels to be aware of when trading EURUSD. Being aware of these levels will help you to identify potential entry and exit points for your trades, as well as identify potential support and resistance levels. Additionally, it is important to remember that these are just a few of the key levels to watch out for, as there are many other levels that will be important to be aware of. Knowing these levels will help you to make informed trading decisions, and ultimately increase your chances of success in the market.
I encourage you to like, follow, and share to stay up-to-date with the latest news and information on this chart throughout the week.
Confirmation entry 101Hello traders
- In this example, we will talk about confirmation entry.
- What is confirmation entry?
- Confirmation entry is shown in the picture above, and in this situation, we chose a safer order block for our entry.
- Below, we will break down the entire PA in detail and explain this example better.
1) We see that the momentum is present, the price has left an imbalance, and we have a nice candle close.
2) The price creates liquidity and returns to the retest, but in the end the price does not reach our order block, and here we have a missed entry.
3) The price impulsively broke through the low again, leaving the imbalance behind, and we see a nice candle close.
4) This second impulse can easily be a fakeout, so it is safer to wait for entry on the first order block
5) The price makes more liquidity that needs to be picked up
6) In the end, the price has taken out all the other traders who had open positions here, and our confirmation entry comes from where the price impulsively continues bearish.
-When you trade, you have to learn to read the PA in small details in order to better understand the PA and the language of the market.
- If this example helped you to better understand PA and confirmation entry, leave a like, and if you have any questions, you can ask below in the comments.
5 Market entry Orders Easily ExplainedBack in the old days, to action a trade you only had two easy options.
Buy or sell…
Fast-forward into the present day, and today you get slapped with five different options to choose from when you get into a trade.
Right now, I’m going to simplify these five trading entry orders in way that you’ll never forget.
Entry Order #1: Market Order
The first entry order is the easiest to understand.
This is where you’ll buy or sell at the most current market price.
When you choose a market order, it is the quickest, most effective and easiest way to enter into your ‘long’ or ‘short’ trade at the current bid (buy) or offer (sell).
Entry Order #2: BUY Limit
When you place a ‘Buy Limit Order’, you’ll place your long trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Buy Limit Order price, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Limit
If BHP Billiton’s share price is currently trading at R305 per share and you would like to buy (go long) at R300 per share, you’ll choose the Buy Limit Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #3: SELL Limit
When you place a ‘Sell Limit Order’, you’ll place your short trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Limit
If BHP Billiton’s share price is currently trading at R300 per share and you would like to sell (go short) at R305 per share, you’ll choose the Sell Limit Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘short’ trade.
Entry Order #4: BUY Stop
When you place a ‘Buy Stop Order’, you’ll place your long trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Stop
If BHP Billiton’s share price is currently trading at R300 per share and you would like to buy (go long) at R305 per share, you’ll choose the Buy Stop Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #5: SELL Stop
When you place a ‘Sell Stop Order’, you’ll place your short trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Sell Stop Order price, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Stop
If BHP Billiton’s share price is currently trading at R305 per share and you would like to sell (go short) at R300 per share, you’ll choose the Sell Stop Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘short’ trade.
I hope this helps with knowing how to place an entry order for next time!
Trade well, live free...
Timon
MATI Trader
NZDJPY Bearish entry for Thursday Sell NOW ✅✅✅This liquidity seems too much perfect to be true, but it fits with all my thursday rules and im overall confident about the trade, i wrote some notes for you to see in the charts, i took the trade personally, im confident about. regardless, trade at your own risk. risk managment is key.
Goodluck
4 COMMON YET EFFECTIVE TRADE ENTRIESHappy Chewsday, traders! Some of you reached out and asked for more educational articles and we’re here to deliver. Relatively simple but important topic of entries is going to be lightly covered today. The image above should be pretty self-explanatory, but to cover it in more details: There are 4 main entry types.
- Range fadde is when we buy the bottoms and sell the tops of the range. Usually the box/rectangle isn’t large, so the risk-reward ratio is just not there for many traders. However, you can definitely put the stop loss a few pips out of the range and maximize the ratio.
- Reversal is an entry at the most recent extreme, key level. Quite popular approach, but personally, it usually goes against our fight club rule #1: “never fight the trend, he’s your friend”. We do; however, look out for multi-day/week key levels in our ideas as well.
- Breakout is an entry as the price breaks out of a range or any pattern. Very reliable option for beginners that are obsessed with finding repetitive reoccurrences in the market. For example, you can sell at the neckline of head and shoulders pattern and successfully profit from that. It is important to keep in mind that, the more complicated patterns you “notice”, the less people use them, thus, devaluing the importance of it.
- Pullback is an entry after a minor reversal or retest. Statistically speaking, this is one of the most frequent entries utilized by us. It’s simple and you still follow the trend. Draw your key points, look for proper Fibonacci levels and make sure it’s not a complete trend reversal. Of course, you’ll miss out on a few pips this way, but this might change your long-term profit statement.
What’s your favorite entry type?