How to open accurate entries with key support resistance levels

15 באוג׳ 2019

In this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk.

I recommend to use Historical levels or Breakpoint of the trend:
- Most of the retail traders set stop Losses below or above such key levels.
- Stop Losses of retail traders is a Fuel for Big Players.
- You Have low and predictable risk if you open entry after the false breakout of a key level.

How to find such levels on a chart?
- Price bounced from it and started a new trend.
- An instrument made deep pullback from that point.

What can make entry more accurate?
Price sharply came to such level. Moved 2 or 3 Average daily move.
UK OIL Example. 01 Aug 2019 oil rate drop-down 400 pips. It's more than 2,5 average daily move. after a false breakout price bounced up 300 pips. Risk in that entry was 30 pips. Potential profit in 10 times bigger.


Examples:

1. US 2000 Index
Price bounced from the breaking point 1454,6.


2. UK 100 Index

3. Dax

4. EUR/GBP

5. US OIL tradingview.com/

If u trade such level u can take in 5...10... bigger than you risk.

P.S. Write your thoughts about this strategy.
P.P.S. After 100 like I will write another educational post about my trading strategy and how you can use it.