Where to Enter in a Trade? – Entry Strategy Video 1 Clear the Biggest Confusion in Trading, Where to Enter? In this video. Often the Market Moves against the New trader immediately after the Order is punched, and mostly the New trader is in negative zone immediately and stays there for a long time. This is not because of the Broker, Stop loss hunting or other things, it’s simply because a Beginner in trading does not Take a call based on some Concrete Trading system, rather he or she takes a trading call on Emotions…. Mostly when a BIG blue candle is seen by the Beginner / Trading Newbie, he or she wants to grab this trend, and not miss it, and this action packed moment, they go Long on that commodity, only to realize a few moments later that markets are going the opposite direction now… The Only and the Best way to Enter a trade is to wait for the markets to reach a level where there is either 1) A Support if you wanna go Long, and if the markets approach this Support from the top… i.e the markets are testing this support, and 2) A resistance if you wanna go short, and the markets should be approaching it from beneath … i.e the markets must be testing the resistance, in a bid to break it… this is the perfect moment to go short. NO matter how good the Charts look, no matter how good the Candlestick Patterns may look, if you are not buying above a Support you will be in the Red zone soon, and if you are not selling at a Resistance you will be in Negative zone soon and for a long time. This approach also gives you a great opportunity to spot ‘High Probability Trades’ i.e. Trades where you can go Long or Short, with a very short Stop Loss… Where the Markets need to work very hard to go against your trade…. Now High Probability Trades is a different topic, and I will discuss it later…. Will upload few more videos on Entry Strategies, and Stop loss tomorrow and Day After… Happy Trading Folks, have a great weekend.
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Duration: 11m 16s
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