TRO,
Can you point me in the right direction in order to learn various triggers and entries based upon the type of setup and market condtions. ie trend strategies, expanion contration, support resistence.
I have been working on setups and based upon my present light, believe that the entries are even more critical than setups.
Are there any books, articles or anything else that you deem worth reading in this area?
Regards,
Jimmyj
Entries and Triggers
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- TheRumpledOne
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Re: Entries and Triggers
Well, there is a debate... most say exits are most important.
But I say that entries make you money, exits minimize losses.
If your entry is poor and your trade never gets out of the red, all an exit can do is minimize the damage.
Now, when to enter and in what direction:
FORGET EVERYTHING YOU HAVE LEARNED.
Just go read my post about the MIDDLE.
It is a simple yet profitable trade.
But I say that entries make you money, exits minimize losses.
If your entry is poor and your trade never gets out of the red, all an exit can do is minimize the damage.
Now, when to enter and in what direction:
FORGET EVERYTHING YOU HAVE LEARNED.
Just go read my post about the MIDDLE.
It is a simple yet profitable trade.
jstockman wrote:TRO,
Can you point me in the right direction in order to learn various triggers and entries based upon the type of setup and market condtions. ie trend strategies, expanion contration, support resistence.
I have been working on setups and based upon my present light, believe that the entries are even more critical than setups.
Are there any books, articles or anything else that you deem worth reading in this area?
Regards,
Jimmyj
TRO,TheRumpledOne wrote:Well, there is a debate... most say exits are most important.
But I say that entries make you money, exits minimize losses.
If your entry is poor and your trade never gets out of the red, all an exit can do is minimize the damage.
Now, when to enter and in what direction:
FORGET EVERYTHING YOU HAVE LEARNED.
Just go read my post about the MIDDLE.
It is a simple yet profitable trade.jstockman wrote:TRO,
Can you point me in the right direction in order to learn various triggers and entries based upon the type of setup and market condtions. ie trend strategies, expanion contration, support resistence.
I have been working on setups and based upon my present light, believe that the entries are even more critical than setups.
Are there any books, articles or anything else that you deem worth reading in this area?
Regards,
Jimmyj
Thank you for your response.
I have been studying the Middle. Intuitivly I believe the Midpoint is the key to the market.
I will continue studing the Middle. Please stay tuned. I most likely have some questions.
Regards,
Jimmyj
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