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✅ 4 Methods to Confirm EntriesYou should make sure that your reward is bigger than your risk. It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3. ✔️Trendline Reversal & Break The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form. When an intersection of the projections happens, one of the trendlines must be broken and the other will most likely continue to hold the price. We trade in the direction of the trendline that remained unbroken with potential entries at the trendline breaks. ✔️Support & Resistance Look at the price chart and observe the support and resistance levels that you have drawn on the charts. You will look to place sell orders at the resistance levels and buy orders at the support levels. Stop loss below the support level or above the resistance level depending the call you’re on. ✔️Fibonacci Retracement Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. These levels should not be relied on exclusively, so it is dangerous to assume that the price will reverse after hitting a specific Fibonacci level. ✔️Consolidations A price consolidation is a period when the price is moving sideways without any significant advancement in the upward or downward direction. A price consolidation can take any form. It could be a rectangular pattern (often called a range), any of the different types of triangle patterns, a rising or falling wedge, a pennant, or a flag. Depending the pattern that takes place, you’re gonna look for entries and stop loss bellow pattern’s invalidation. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1
Perfect Buy Points: IPO’s – The Primary BaseJS-Masterclass #8: Perfect Buy Points: IPO’s – The Primary Base When it comes to investing in IPO stocks, new issues don't play by the usual rules. Companies making initial public offerings draw a lot of investor attention. That often results in unusual and brand-new chart patterns. Volatility can rise as investors size up demand for the new stock. Yet there are opportunities in these cases, if you can spot the correct characteristics amid the price-and-volume action. The framework of a good IPO base is simple. The decline from peak to low usually doesn't top 20%, but the most volatile markets have produced declines of up to 50%. The length is often less than five weeks and can be as short as seven days. These two factors alone make IPO bases wayward cousins compared with proper bases, such as the cup with handle and flat base, which need at least five to seven weeks of work. In an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high and adding 10 cents. The price gain on the breakout should be strong. There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week. Also, the stock should generally form the base above its IPO price. Example - ServiceNow (NOW) The business software company, went public in June 2012, at 18 a share and has built its primary base during the period from the initial offering to April 2013 when the stock developed its first perfect buy point.
NYSE:NOWEducation
by JS_TechTrading
Risk Management: How to Enter and set SL and TP for an Impulse Risk Management: How to Enter and set SL and TP for an impulse move in the market ? Hello everyone: Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market. I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries. 3 type of entries to capture an impulse move (not all of them will happen, but sometimes 1, all, or none) Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward) Breakout: Price break out of the continuation structure (Low Risk, Low Reward) Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward) Risk Management is important to your entries. -Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run. -15-20 trades per month -Minimum 3:1 RR on every trade -Risk 1-2% account per trade -Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management. Thank you
BITSTAMP:XRPUSDEducation
by jojofang0901
15
DOLLOR / JAPANESE YEN - The Perfect Timing !Hello Brothers and Sisters ! You can absoluty Take advantage From This analysis To make a great desicion and just think to Buy, Take deep look at the analysis Best ENTRIES: Start Buying @ current Price with 1/5 your position, in case They want To push More Bellow previous Support level, You Buy More with others 1/5 @ different Prices , Or The Big hands will not Push anymore, just wait for Buying confirmation after a new higher hight and enter with 2/5 , Then The breakout of Previous Resistance "Strong entry with hight Probability" with the last last 2/5 ( The Breakout= STOP HUNTS= Good Buying Pressure) So expect From Today To Next Days a Bullish Mouvment ;) ==> Nothing to add Just Manage Your Trades. Thank you Live Free.
Long
by fqtalix
1