Master the Art of Good Entries! ๐
Learn to identify high-probability entry points and avoid low-probability setups.
Key Points:
Breakout of Structure (BOS): A strong price move that breaks through a previous support or resistance level.
Right Demand: A demand zone that aligns with the overall trend and offers a high-probability entry point.
Imbalance: An area of price action where the market has been imbalanced, creating potential opportunities.
Good Entries:
Entering after a BOS into a Right Demand Zone: This setup offers a high probability of success.
Waiting for a Retest of the Demand Zone: This can provide a more conservative entry point.
Bad Entries:
Chasing the Price: Entering a trade after a significant price move without waiting for a pullback or confirmation.
Ignoring Imbalance: Entering a trade without considering the market structure and imbalance.
Remember:
Risk Management: Always use stop-loss orders to protect your capital.
Confirmation: Combine multiple technical analysis tools for increased accuracy.
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