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?
Keylevel
Dollar index - DXY - Strong bullish Senarios :
1/ Break and re-test KL H4
2/ Come to POI
I suspect the firtst cases than 2nd case but we still need the confirmation more.
Btw, Everyone wait more confirmation from candles pattern when DXY are too strong movement like this.
Overbought case and drop can be happened.
Risk management always need for the case like this. ( I prefer to trade when market change trend than this one, even new small trend)
For low timeframe from M5-M1, no problem about big picture to trade. Just follow market structure on those timeframes are OK.
GBP-USD Swing Long! Buy!
Hello,Traders!
GBP-USD is falling down sharply
And the pair seems locally oversold
So we are expecting a bullish correction
Which is likely to start after the pair
Retest a horizontal key level below
Buy!
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See other ideas below too!
US30 showed lack of liquidity - Manipulation phase 1 After sharply movement, US30 now came to Manipulation phase 1.
Using Un-confluence strategy to find the entry point.
If possible, we can wait for selling momentum is more clearly to sell.
If market can break out the recent highest high, market will come to the range case. We should wait.
Don't forget to risky zone at POI for up trend.
XAUUSD - Gold on range now Market now on the range of H4.
H1 - up trend but up cycle on H1 is short and finished.
We're monitoring how price will act at H1's Key level.
If it bounce here --> it is good to Buy.
In case H1's KL for up was broken, selling order is our choice.
Fluctuation now is high when market in range. Becareful to any trade.
✅WHEAT NEXT MOVE|LONG🚀
✅WHEAT went down to retest a horizontal support
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above
LONG🚀
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