Oho Great Entry method. ST da's Holy Grail Entry ..... (with 20-25% disclaimer .... just kidding)
Many times we are a few minutes late and see nice move already going on. This 2 bar entry will act as great tool. Thanks ST da :thumb:
Just to summarise:
1. Identify strong trend
2. Identify tiny pivots
3. Go 1 bar or 2 bar above these pivots and enter once market takes out that level
4. SL is pivot low
5. This can act as entry point or ADD point
6. If hit SL, come out as anyways for most systems TSL is at minor pivots and its hit means trend is weakened or getting reversed
7. And its not a FULL PROOF SYSTEM , its just an ENTRY METHOD!
:clapping: :clapping: :clapping:
Regards,
Gaur_Krishna
Many times we are a few minutes late and see nice move already going on. This 2 bar entry will act as great tool. Thanks ST da :thumb:
Just to summarise:
1. Identify strong trend
2. Identify tiny pivots
3. Go 1 bar or 2 bar above these pivots and enter once market takes out that level
4. SL is pivot low
5. This can act as entry point or ADD point
6. If hit SL, come out as anyways for most systems TSL is at minor pivots and its hit means trend is weakened or getting reversed
7. And its not a FULL PROOF SYSTEM , its just an ENTRY METHOD!
:clapping: :clapping: :clapping:
Regards,
Gaur_Krishna
P-1 or 2 Bars Entry
Today I will share an entry technique which is my favourite entry technique for getting into a trend move, Many times we either miss an entry in a trend move or we get out in between and we want to enter again with small, predefined and controlled risk.
The chart is attached. Here market was in uptrend, it opened with a gap up and after a bit of correction, the uptrend resumed and we want a low rish entry in this uptrend.
Here we locate a small pivot low. And our entry in long trade is above high of the bar which is one bar earlier to pivot low bar provided it is higher than the pivot low bar high, else we go 2 bars earlier.
I have marked 5 places where market gave us a low risk entry shown by blue lines. The stoploss is at the low of the pivot low bar....and you are hooked into a trend...enjoy the ride.
This is an entry method....it is NOT a stand alone trading system....please use it as an entry method only.
The method is based on the fact that an uptrend is made up of higher pivot highs and higher pivot lows and if we keep stops at a pivot low, it will not be hit in a strong uptrend, and if it is hit, it means that the uptrend is weak and we better get out instread of hanging around in a market which is not trending strongly. It is based on sound trading principle and hence this entry technique has more than 75-80 % success rate and is my favourite.....This entry is a great entry for adds even if we are already in trend. It gives low risk add points.
Mirror image to get into a downtrend.....
Smart_trade
Today I will share an entry technique which is my favourite entry technique for getting into a trend move, Many times we either miss an entry in a trend move or we get out in between and we want to enter again with small, predefined and controlled risk.
The chart is attached. Here market was in uptrend, it opened with a gap up and after a bit of correction, the uptrend resumed and we want a low rish entry in this uptrend.
Here we locate a small pivot low. And our entry in long trade is above high of the bar which is one bar earlier to pivot low bar provided it is higher than the pivot low bar high, else we go 2 bars earlier.
I have marked 5 places where market gave us a low risk entry shown by blue lines. The stoploss is at the low of the pivot low bar....and you are hooked into a trend...enjoy the ride.
This is an entry method....it is NOT a stand alone trading system....please use it as an entry method only.
The method is based on the fact that an uptrend is made up of higher pivot highs and higher pivot lows and if we keep stops at a pivot low, it will not be hit in a strong uptrend, and if it is hit, it means that the uptrend is weak and we better get out instread of hanging around in a market which is not trending strongly. It is based on sound trading principle and hence this entry technique has more than 75-80 % success rate and is my favourite.....This entry is a great entry for adds even if we are already in trend. It gives low risk add points.
Mirror image to get into a downtrend.....
Smart_trade
