Stop getting confused at the entry points
Question: "what are entry points and how do I find them?» – it remains a sore spot for many traders. Lessons, articles, and master classes on this topic simply flooded the world wide web. But the more the trader gets into this, the more questions he has. And this is understandable: it is easier to get confused in such a topic, but You want 100% understanding.
Hello, dear traders! My name is Jan Sikorsky, I am a trader at the Forex Academy. I want to ask You: what is the success of a particular trading system?
From my experience, I can say that, first of all, Your system should be universal, i.e. it should have tools for trading at any stage of the market. Secondly, the entry points in Your trading system should be clearly described, and they should be interpreted only in this way and in no other way.
Quite a lot has already been said about the first point. The best example of a universal strategy is "Sniper".
So today we will talk about the second tool: I will name the top 3 most common entry points in the currency market.
The entry point of SBS
TBV (base Entry Point) is the most common point in the "Sniper" trading strategy!
Base entry point formula:
TBV= RU3+MRZ(TIU, Tius), where
RU3 is a reversal level;
MRZ-the place where the past trend changed.
The rules for entering at this point will be as follows:
The presence of support (support means MRZ, TIU, Tius);
The presence of RU in the u-turn zone.
The technique of the entrance you can see in the screenshot:
Point of entry of the PPD
As you know, the vehicle "Sniper" is largely built on working with price levels. There can be only 2 reactions per level-breakdown or rebound (false breakdown is a type of rebound). In a situation where there is a rebound from the level, we use TBV. For the reverse scenario, there is an entry point for the PPD (breakdown, continuation of the movement). PPD is the second most common occurrence.
The price came up, rolled back, broke through, fixed above (under) TIU, TIU(C), MRZ;
You only need to enter the PDA on the first level, rarely on the second. At the third level, we are no longer trading, because the potential at this level is usually already exhausted;
Entrance on the consolidation;
We put the stop Loss under the local minimum (maximum).
The entry point We
The third place goes to such an entry point as Retest. The semantic load of this entry point is that sometimes when you enter the TBV, you get a large Stop Loss. Because of this, the risk-profit ratio may be unsatisfactory on the TBV itself. In this case, you should skip the TBV and wait for the price to return to the reversal zone for retest. At this entry point, there are usually small Stop Losses, which allows you to take a position with a good risk-profit ratio.
Retest is nothing more than a repeated test of the local maximum/minimum after the appearance of RU3;
This entry point allows you to enter the market with a very short Stop Loss of 5-20 points;
The retest does not interrupt the top of RU3.
Not enough for you? Even more secrets of profitable trading at entry points you will learn from the special course on the strategy "Sniper", which works in 10 out of 10 cases!
Trading at entry points is the real "backbone" of Your trading strategy. This is the "ceiling and floor" Of your trade, within which You will build your system of successful trading! And here everything should be as clear to You as possible, honed to automatism and used without any doubts.
By signing up for the special course "sniper", you will learn all the necessary entry points, learn more about key price levels and learn emotional control, which is important for a trader.
Remember that Skill comes with experience and numerous training sessions! After passing the special course "sniper" You will come out from us a real professional in Forex! Don't waste your time on strategies that don't work, look for the Holy Grail.