How to determine the opening price of a position?
Hello everyone.
Today I decided to share with you one of the good ways to find the optimal entry point to a position. Those who have already subscribed to me and used my advice were able to increase their balance with me. Now I want to teach you how to search for position opening points on your own.
On the chart, I showed you a pattern that is common on any timeframe. The bottom line is that an impulse trend must necessarily precede the formation of a level. The level is formed on the correction, and its confirmation should be the volume. Then you need to wait for the retesting of this level, preferably also with confirmation of the volume, and make a buy or sell from this zone.
A big plus of this model is a clear stop-loss, which must be placed beyond the level as part of your risk management.
Remember, all responsibility for trading lies with the trader himself, all the information that I publish here is for informational purposes, all decisions are made by you.
Important note: for successful trading, you need to observe risk and money management, also follow your algorithm, only if you follow all the rules, you can be successful over a long distance.
Follow me. If you are interested, I will publish such tutorials.
Today I decided to share with you one of the good ways to find the optimal entry point to a position. Those who have already subscribed to me and used my advice were able to increase their balance with me. Now I want to teach you how to search for position opening points on your own.
On the chart, I showed you a pattern that is common on any timeframe. The bottom line is that an impulse trend must necessarily precede the formation of a level. The level is formed on the correction, and its confirmation should be the volume. Then you need to wait for the retesting of this level, preferably also with confirmation of the volume, and make a buy or sell from this zone.
A big plus of this model is a clear stop-loss, which must be placed beyond the level as part of your risk management.
Remember, all responsibility for trading lies with the trader himself, all the information that I publish here is for informational purposes, all decisions are made by you.
Important note: for successful trading, you need to observe risk and money management, also follow your algorithm, only if you follow all the rules, you can be successful over a long distance.
Follow me. If you are interested, I will publish such tutorials.
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