Every Trade starts from a clear entry signal and should end from a clear exit signal. If you take a trade with no clear entry signal you are not taking a trade. You are making a guess.
There are different types of entry signals and they all vary from chart to chart and stratergy to strategy.
Its about knowing YOUR own entry signals, what they look like, where they take place relative to everything else on the chart, S/R, MAs etc.
The counter-part for an entry signal is an exit signal. And this completes a trade.
The definition of a E-Signal- Entry/Exit Signal is:
A sign or indication that the market is going to continue in a certain direction or reverse.
This is determined by the form of the market (The relationship between the Wicks + Bodies of candlesticks when compared to areas of support and resistance)
In simple terms small body and a long one sided wick at a Monthly level of resistance indicated a potential reversal
Commentaires