GreatnessFx
New Member
HOW TO ENTER TRADES
You simply enter trades when there is a break out. The next question that comes in is how do we know a breakout and when do we enter the trade. What i would be explaining now is a big secrete and you would probably get 100% win rate all the time if properly followed.
A BREAK OUT IS WHEN THERE IS A LONG CANDLE BREAKING THROUGH A TREND LINE, SUPPORT, RESISTANCE OR CHANNEL IN AN OPPOSIT DIRECTION.
For example there is a up trend, a break out is when a long candle breaks through the trend line in a downward direction. Same for an uptrend. for a support, abreak out is when price breaks the support going down and its same for resistance.
THERE ARE TWO WAYS TO ENTER A TRADE WHEN THERE IS A BREAK OUT.
First is entring the trade without a confirmation. This means when you see the breakout, you enter immediately and take 30 to 50 pips short term or 100 pips long term depending on your analysis on where the price is heading.
This is usually risky because sometimes the market is tricky and might pretend break out but end up rising back up which can lead to loss. This is usually called a Fakeout.
Secondly is entring with a confirmation. This is a confirmation that it is truelly a breakout. What is this confirmation??
The confirmation is when you see a candle breaking out, you then wait for price to consolidate. you can then enter when price breaks the consolidation. this is a 101% guaranteed trade.
A CONSOLIDATION IS WHEN PRISE TAKES SOME TIME TO SAVE STRENGTH AFTER A STRONG MOVENMENT BY MOVING IN A RANGING PATTERN, YOU'LL SEE IN THE EXAMPLE BELOW.
You simply enter trades when there is a break out. The next question that comes in is how do we know a breakout and when do we enter the trade. What i would be explaining now is a big secrete and you would probably get 100% win rate all the time if properly followed.
A BREAK OUT IS WHEN THERE IS A LONG CANDLE BREAKING THROUGH A TREND LINE, SUPPORT, RESISTANCE OR CHANNEL IN AN OPPOSIT DIRECTION.
For example there is a up trend, a break out is when a long candle breaks through the trend line in a downward direction. Same for an uptrend. for a support, abreak out is when price breaks the support going down and its same for resistance.
THERE ARE TWO WAYS TO ENTER A TRADE WHEN THERE IS A BREAK OUT.
First is entring the trade without a confirmation. This means when you see the breakout, you enter immediately and take 30 to 50 pips short term or 100 pips long term depending on your analysis on where the price is heading.
This is usually risky because sometimes the market is tricky and might pretend break out but end up rising back up which can lead to loss. This is usually called a Fakeout.
Secondly is entring with a confirmation. This is a confirmation that it is truelly a breakout. What is this confirmation??
The confirmation is when you see a candle breaking out, you then wait for price to consolidate. you can then enter when price breaks the consolidation. this is a 101% guaranteed trade.
A CONSOLIDATION IS WHEN PRISE TAKES SOME TIME TO SAVE STRENGTH AFTER A STRONG MOVENMENT BY MOVING IN A RANGING PATTERN, YOU'LL SEE IN THE EXAMPLE BELOW.
