Just saw this thread.
Maybe you can figure out what this thread is about.....also uses price action pivots
https://www.traderji.com/community/threads/lets-double-the-money-in-40-trades.54007/
Very few left in the forum to answer questions
WHAT IS A SECOND ENTRY ?
- Thread starter padutrader
- Start date
Maybe you can figure out what this thread is about.....also uses price action pivots
https://www.traderji.com/community/threads/lets-double-the-money-in-40-trades.54007/
Very few left in the forum to answer questions
maybe i will give you one over the weekend i will have time and usually i am dead bored so i will try
see this for a little more clarity
(319) Chapter 10 - 2nd Entries (Al Brooks: Trading Price Action Trends) - YouTube
and if you trade second entries in ranges then it is only scalps.
markets can be complicated and it is recognising the market condition that context is about.
and you can stay out when in doubt.
half the game is knowing when to sit out and God knows this game never ends.
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if price is in a narrow channel or wide channel it will only go to the opposite side of channel.
this is known as context.
also second entry is high probability, so reward is small and win rate is high if you accept small reward.
also understand how to keep time on your side and not against you. if you are not clear or make a loss do not again trade for a long time... long time being by your usual standards. For me not sooner than 2 hours.
do not try to make up your loss or over trade. unless you are profitable trader which means you have the edge and not the market
in any minor range never sell low and buy high.
never trade without two reasons for the trade at least and also without a set up. list the reasons not a feeling that you are right or you think or am sure that you are right.
if you miss a move do not chase .
watch and try to list reasons for the market move. this then you will get your mind working in the right way rather than "it is going up buy!!!!!!!!!!!!!!!!!!!....
on a trading range day do not expect clear or good set ups.... traders will confidently fade even GOD... remember that
i consider all this context
SURVIVE is
important
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i would not like to learn something else and distract myselfJust saw this thread.
Maybe you can figure out what this thread is about.....also uses price action pivots
https://www.traderji.com/community/threads/lets-double-the-money-in-40-trades.54007/
Very few left in the forum to answer questions
this is what brooks calls a trading range day.... i doubt if anybody else would call it that but on this day certain trade strategy and setups will work. this is, a good example of context.
this is a broadening pattern and breakout test of the bear leg down on a trading range day
wait for set up to trade this is what i say when i say you need numerous reasons to take set up: context context
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you demand i deliver !
this is a micro and major DT triggered also second entry but i scalped out because the momentum of up leg was too strong and so the beautiful sell signal would fail it is a bear trap.it may also turn out to be DB bull flag this is context