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If you're struggling with your entries read this 👇
With practice you should increase accuracy 80%-100%
With practice you should increase accuracy 80%-100%
In this lesson you'll learn [5] types of entries
• confirmation with volume
• confirmation with buyers at support
• buyers stepping on tape
• same set-up same execution
• the retest entry
Takeaways at the end!🍕
• confirmation with volume
• confirmation with buyers at support
• buyers stepping on tape
• same set-up same execution
• the retest entry
Takeaways at the end!🍕
1/ confirmation with volume
• always wait for a big buyer to step in first (big green bar) then selling pressure to weaken
• once you see buyers come in to confirm support then you can take the entry
• always wait for a big buyer to step in first (big green bar) then selling pressure to weaken
• once you see buyers come in to confirm support then you can take the entry
2/ confirmation with buyers at support
• always take an entry where you can clearly see buyers are entering
• this is confirmation this area should hold for now
• the explosion happens when sellers are weak and buyers are strong! This is the breakout point
• always take an entry where you can clearly see buyers are entering
• this is confirmation this area should hold for now
• the explosion happens when sellers are weak and buyers are strong! This is the breakout point
3/ buyers stepping in on tape
• as a daytrader, I always watch my time & sales this is where I can see the buyers start to buy in big volume
• this will increase my confidence this is an area where bulls should defend it
• as a daytrader, I always watch my time & sales this is where I can see the buyers start to buy in big volume
• this will increase my confidence this is an area where bulls should defend it
Follow me @michaelkluu for more powerful lessons and tips on trading! I write 1-2 threads per week.
I write about:
• trading, finance and economics
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• interesting stories and lessons about life
I write about:
• trading, finance and economics
• personal life & personal growth
• things that make people happy!
• interesting stories and lessons about life
4/ same set-up and same execution
• your confidence starts to build the more you practice the same set-up
• build confidence with a set-up you are familiar with and understand
• start with an easy set-up and master it!
Learn this set-up in 5 mins:
• your confidence starts to build the more you practice the same set-up
• build confidence with a set-up you are familiar with and understand
• start with an easy set-up and master it!
Learn this set-up in 5 mins:
https://twitter.com/SuperLuckeee/status/1651378875740614656?s=20
comment "educate" & ♥️ this post if you are interested in my future threads!
• risk management & building confidence
• more set-ups and exits
• mastering trading psychology
• risk management & building confidence
• more set-ups and exits
• mastering trading psychology
5/ the retest entry
• after a big breakout with buyers
• the market usually comes back to test that key resistance level
• this test we are looking for low sellers and big buyers to step back in
• if you miss the breakout look for the retest entry
• after a big breakout with buyers
• the market usually comes back to test that key resistance level
• this test we are looking for low sellers and big buyers to step back in
• if you miss the breakout look for the retest entry
Takeaways 🍕
• Trading is extremely hard & 95% lose their money in the first year. 70% lose in their 2nd year.
• Always use a stop loss and manage risk
• Every trade the outcome is random & unpredictable
• These will increase accuracy but there is no guarantees in trading
• Trading is extremely hard & 95% lose their money in the first year. 70% lose in their 2nd year.
• Always use a stop loss and manage risk
• Every trade the outcome is random & unpredictable
• These will increase accuracy but there is no guarantees in trading
• • •
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