one of my students is to put it all together and experiment and play different scenarios, its the only way you can truly learn this stuff, again its not mechanical and its not a perfect approach, every price action signal is unique. The support zone that I was following for higher-low support came into play early this week. The exact entry is given by the Stochastic oscillator, as in the MetaTrader trading example above. Its a tool to add to your trading toolbox, and a very effective one at that. The net effect of this patience is allowing us to have more breathing room on a trade by shifting our stop loss further away. This support would need to hold through Monday trade so as to not invalidate the setup, but if that support does hold the door re-opens for bullish setups with stops below either.3120 (for aggressive stances).3065 (for less aggressive approaches and initial targets. The main idea of this trick is that when you see a price action trade signal or a trend, you dont just jump in right away at market price, instead you do what most of the other traders are not doing, you wait for. When the Heiken Ashi candles change their color from down (red) to up (green) the EA will open a long trade; opposite happens for short trades. This entry signals can be validated by another safety feature - if the trader wants to use it - that is the swing zone confirmation.
So, what is this trade entry trick Nial and why should I use it? A prior target level around.6819 could be helpful for such an approach. Look for updates on the Forex Forum when the chart gallery is updated. Waiting for the optimum entry point on a trade we are 100 confident.
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