As per vance in bmt
I have been circling the trades on my daily chart...I refer to them as optimum entry points. These are the areas where there is a compelling reasons to enter a trade.
They can include 2 or more of,
1. An area of support or resistance.
3. Evidence of price movement. No big chop or overlap going into an area where I am intersted in doing business.
4. The beginning of another leg up or down, as in a measured moved, or at the end of such a move as an area of capitulation.
5. Bounce off the EMA or a trend channel top or bottom.
6. 2nd entries (I explained in a video)
7. Trend days, any reason to go short or long.
8. Range days, fade every new high or low.
9. Double tops or bottoms. Without excessive overlap. (rangebound)
10. Buy or sell on retests of highs or lows.
11. Reversals or countertrend. Need extra certainty. More so than with trend continuation.
12. This is a recent addition...Market orders on very strong trends...(This is something that I got from the Al Brooks webinar... needs more review.)
Close is close enough.
I have been circling the trades on my daily chart...I refer to them as optimum entry points. These are the areas where there is a compelling reasons to enter a trade.
They can include 2 or more of,
1. An area of support or resistance.
3. Evidence of price movement. No big chop or overlap going into an area where I am intersted in doing business.
4. The beginning of another leg up or down, as in a measured moved, or at the end of such a move as an area of capitulation.
5. Bounce off the EMA or a trend channel top or bottom.
6. 2nd entries (I explained in a video)
7. Trend days, any reason to go short or long.
8. Range days, fade every new high or low.
9. Double tops or bottoms. Without excessive overlap. (rangebound)
10. Buy or sell on retests of highs or lows.
11. Reversals or countertrend. Need extra certainty. More so than with trend continuation.
12. This is a recent addition...Market orders on very strong trends...(This is something that I got from the Al Brooks webinar... needs more review.)
Close is close enough.
Measured move for targets.
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