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Entry

Dissecting a winning trade in $AEHR. What went wrong?Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday. Such is the case for my $AEHR trade. The marked areas are what I used to enter this stock, usually when volatility has died down. Tried to be as patient as I could by trailing my profit with 5 Day Moving Average. It worked for a time but my ride got cut short, leaving me in the dust at $13.50ish Maybe it was too tight of a trail profit to use. Nonetheless, that strategy has proved its worth in the past already. Currently missing out on a lot of gains from this. Will use this experience to improve my strategy further. This trade has made me around $30k. It's good but still a lot more to be improved. Thanks and good luck out there!
NASDAQ:AEHR
by kevvela
Cool Entry Strategy - Bullish Engulfing in Key LevelsYou are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
We will sell EURUSD on 1,1618As we saw in our analysis yesterday, we expect the downside move on EURUSD to continue. However, that doesn't mean we won't see any pullbacks, which is in fact what we're waiting for in order to make an entry. Right now, we're looking at an entry from 1,1618 and there's two options. The first one takes less time but carries more risk. We can use a pending order at this level and once price reaches it we will be in a trade immediately. If you have the opportunity to look at the chart on every hour, I think it's better to wait and see a rejection of this level and then to enter a trade. In both scenarios we expect to see price below 1,1534.
Short
by ForexTrendline
19
HOPEFULLY BULLS WILL STRIKE IN AND HIT MY TARGET.The first question i always ask myself is "who is in control of price?" that way i can analyze my trrading from a price action point of view. So, who is in control of price on this one? First we have a bearish trend followed by a tiny pull back and then an indecision candle which tells us that the bearish power might transitioning to the bulls. Of course i might be wrong, but that is why i keep my Risk/Reward a 2:1 minimum, that way i only have to be right 40% of the time in order to be profitable. "Trading is not about being right most of the time, its about being profitable" - Anonymous Trading Details: Time Frame: 8hr Entry: Above the high of the indecision candle Stop loss: A few pips below the Indecision Candle Risk/Reward: 2:1 Account Risk: 2%
Long
by daldertg
My own vision for Bitcoin and my expectations I see that the bitcoin is creating a positive technical pattern that will be broken soon when the bitcoin reaches the area between 38 thousand to 40 thousand because it is a very strong area with many pending purchase orders, and it will be launched from it to break the flag pattern and start a new bullish wave that achieves the goals that I Expected My advice right now is to suspend purchase orders about the level of this area - 40,500 - 40 ,000 - 39,500 - 39,000 - 38,500 - 38,300 (There is another scenario that must be considered, which is the launch of Bitcoin before it reaches the specified areas, and in this case, it is possible to enter, In case that it closes a daily candle above the 45000 level.) The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61 In the end, this is my personal opinion, and it may be right or wrong. I wish everyone the best of luck.
Long
by Mahmoud_Salama
USD/CAD - 22/09/2021(H4) - We can see USD/CAD finally broke out of that range after breaking 1.27086 resistance. Had a really nice drive from this move and no we can see price has printed the higher high. Higher low has also been printed and now we are expecting the new higher high to be formed. Targets will be 1.28567 and will be looking for buys only unless price action suggest otherwise later on. (M15) - Can clearly see price presenting bearish structure here on the M15. LL & LH's being formed and now forming a double top at 1.27973 If we do start to sell off I will be looking for break of 1.27883 for entry with breakeven targets for 1.27789 and TP targets at 1.27489
by Official_VIFX
VET Spot Entry 0.11 Still Time to Get in!!If you missed out the other day there is still time for an entry at VETUSDT 0.11100 anywhere there. The Idea: Entry 0.11 TP 0.12 Entry VET/USDT 0.11 I Sell All 10% Profit about 0.12. Or, I HODL please myself. Or I sell some 75% and hold a little for more growth. My idea is to buy and sell all at 10% profit. All In and all out. Little exposure time in a market that's risky to be in. You can lose your shirts in this market easy. Enjoying the Robert Johnston Blues during these slow boring times trading. Jaffasoft Signals
by Jaffasoft
2
When to enter? Does it even matter?With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10. But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge. We can look at this recent example where the price dropped, went sideways, and then dropped hard. We could keep looking at winning examples when selling or buying at the top of these bands or ~61.8% retracement The only way to know how good they are is by backtesting a large number and writing down the stats. But are there other ways to enter? Rather than write an entire novel with chapters I will simply go through a list of screenshots Some say it doesn't matter where you enter... It does and it doesn't, depends what you mean by that. First Second Third Fourth Fifth Sixth Seventh Eight Ninth Final This is all simplified to make my point, or points I guess. So you can't just say "entry doesn't matter". People that tried trading, failed, got into "holy grail" safe good boy passive S&P in the last 70 years averaged bla bla bla wake me up, they're the ones saying this. Oh so it does not matter if they buy a stock at a P/E of 8 or 280? Of course it matters!!! Entry matters! BUT where you enter EXACTLY does not matter. I'm not sure how to put it, but go through the examples and you see what I mean. Sometimes it matters, but even if you miss it there are other ones, and these entries are going to be at least a small area "of opportunity" anyway. Well it's more complicated than a "yes" or "no". There are plenty of ifs. And plenty of ways to approach this. Look, Warren Buffett bought too early or later and sold too early all the time. And? Most famous investor in the world. Is there an optimal super entry that gives better results than anything else? Statistically there has to be one, so yes. If we spend ages making stats and we find it do we know it will remain this particular one? Probably not... Can we find it without it just being hindsight bias? Probably not... Would having the mighty perfect entry (I didn't say find every exact bottom, that's not actually possible) make a big difference to our results? Lol you might go from 20% returns to 20.5%. Probably even less. The endless search for the holy entry newbs seem to all be obsessed with... Fool game. It's same as with video games, Starcraft, Lol, Dota, W3. Or chess... Newbs go "I will farm for 40 minutes full eco ignore military, full Nasus q, full catch his pawns, I'll be a monster and they'll see", 15 minutes later "Ok tough guy just wait late game you will feel sorry", 5 minutes later "Victory!" or "GG easy noob", 1 minute later "Report Nasus useless afk trash ebay account". Haha I laugh every time. They really make all the same type of newbie "late game" and "magnet logic" mistakes, 80% of retail FX goes into "day trading" because "hey I figured out I'll get more trades and therefore grow my account faster duh", "Hey you can't lose if you don't sell", "Hey I have this brilliant martingale average down", "Hey wassup wassup wassup I found a trick", "hey if I go for lots and lots of little wins, take my profit fast I'll win small but very often and scale", "hey if I run conservative robots that only return 1% but I run 500 of them...", "hey if I add all these conditions". What a circus. Miss the good old days. Can't humiliate noobs with trading their account is secret, they open their mouths when they get lucky then vanish, and it's not a 1 v 1 or 3 v 3 or whatever it's a 1 v whole market. Even if we cooperate and share ideas it's still a 10 v 10 million or idk. There is however the "bull vs bear" thing. But the Bitcoin bulls from 2018 from 15k to 3k almost all left (losers) and the few ones that stayed pretend they won (or they're too dumb to figure out they were on the wrong side of the market). S&P 500 bear tears are pretty delicious at the moment by the way. You both can say entry matters and entry doesn't matter and be mostly right. Don't waste too much time trying to perfect it. Calculating max risk, probabilities of drawdown, when to exit, when to hold, when to add, how to trail, correlations, those are at least as important as the entry. What I can say is entering very early, far from the stop, out of fear of missing out is bad, and entering very late for a giant risk to reward is greedy and bad. Around 50% retracement is often a good compromise. Stats will help choosing areas and price action (stats such as: over the past 10 years on breakouts would it work out to enter in the big red candle? How about on the previous low? How about 61% fib when the price reacts near the previous low? Etc). Entry doesn't go alone, for example when you average in a sideways within a trend well you'll want to move your stop each time you add according to your average price. That's a whole other subject. Coming up with a whole strategy even simple and even once you sort of understand the markets and have the basics of price action is still clearly going to take a couple hundred hours at best... Just writing this took me a little over 2 hours, and I rushed it, and I obviously don't start from scratch I researched all of this. Just writing an intro like this about entries and stops and targets and trends and pullbacks and breakouts and timeframes and risk and all the other stuff, not even with stats, that alone probably would take 100 hours by itself. How long it takes to convince yourself to hold winners and cut losers and quit a gambler mentality however = infinite time, just quit now you'll save time (thousands of hours!), investing is not for you. Oh and finally, an entry "signal" is a joke. You don't go from 0 to 100 "wow this would be a great buy because of this entry", that's beyond ridiculous. You are supposed to be watching something before getting in and waiting on certain conditions to enter (pullback after breakout), never heard of anyone that had "entry signals". When George Soros went short the GBP it was "because of the entry" but he had a whole theory. The "entry" wasn't a magical signal it's simply he was close to the floor, well ceiling, and had a big RR with big odds! And he explains how "I was selling weeks before", he actually "dollar cost averaged" as I explained. He didn't wait for a certain magical point, he wasn't greedy waiting for a 1 pip stop.
Education
by MrRenev
9
ETH/BTC triangle and breakout ideaTimeline: sep 1 ETHUSD is pumping from 3400 sep 3 ETHUSD hits 4k and stalls sep 5 BTCUSD picks up the pace while ETHUSD still moves sideways sep 7 BTCUSD and ETHUSD rolls over to the downside and flash crashes to 43k and 3k respectively. sep 8 BTCUSD retests 45k as support and moves sideways until today. ETHUSD retests 3.2k and moves sideways during this period the ETHBTC pair has attempted to exceed 0.08, however due to BTCUSD sudden chase, and the following flash crash, it has corrected into a symmetrical triangle ranging from 0.08 to 0.072 ETHBTC. the resistance and support lines of the symmetrical triangles have been tested multiple time, and a breakout or breakdown could lead to a quick move to either 0.08 or 0.072 respectively. a swing long could be entered if the price hits the lower green line, with a stoploss at the lower red line, while a swing short could be entered if the price hits the upper green line with a stoploss at the upper red line until the price breaks the red lines. after the price breaks the red lines, a breakout long could be made at the upper red line, with stop loss at the upper green line, while a breakout short could be made at the lower red line with stop loss at the lower green line.
by Transparent10Xleveragetrades
ADAUSD Gets the Pullback it NeededImportant things to note: Price tested 2.0 level Price is sitting at rather weak support On 30M chart you can see a bear flag forming. (watch where price breaks the pattern). I do not believe price has settled. Price has tested 2.0 BTC has pennant on its chart. There is a massive amount of buying volume happening Important Dates to Take Note of: BTC becomes legal tender in El Salvador Sep 7 2021 (prompted massive sell off) ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 ADA has finally got the pullback it needed for quite sometime now. Though, this shouldn't surprise any of my followers as I have been talking about this at nauseum for at least a week now. The price will likely settle in an area with a lot of support. The areas that I am currently looking at are 2.2 and 2.0 (due to the test of that level). However, it can always decide to break the pattern and move upward. There are fib retracement levels at 2.36 and 2.06. I think we will end up somewhere in the middle and once I have confirmation the price has settled and I see upward momentum start to form, I will enter. Again, I am a bit very patient and trade very traditionally. Hopefully we can see a nice bottom form into a basing pattern which is exactly what we want to see. If you are worried about the pullback or wondering where to enter, just remember you want to enter at a support level, ideally a strong support level and you take profits at a resistance level. That is trading 101 if you are long on an asset. I would not worry too much. Pullbacks are required for upward momentum. ADA has wonderful fundamentals and I personally do not believe crypto is at the end of its bull run. But like I said before, many analysts including myself believe that BTC will end September around 43k only to push forward to new highs by the end of 2021. Anything can happen, but that is the analysis that makes the most sense to me. I will continue to keep and eye on ADA and update you when I see anything to note. Set alerts at the top and bottom of the pattern, and at the support levels I have mentioned and you will be fine. Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
28