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How to find the prime entry areas and setups – Some great entries using the faster timeframes.
Some days just go well and it is always good to end the trading week on a positive note….but it always hurts when it could have easily been a lot better.
Putting yourself in the prime trading areas and managing risk correctly, is the only way to get on the right track for a good day. Learning to combine different timeframes and planning what to expect from price action is how I refine my trading and helps me ‘see‘ the action clearer.
In the video below, a show the trading for the day and explain through the setups and why I entered the fray. I also talk about a weakness I have in my trading, which could have easily made the day so much better.
Hope you enjoy!!
Braden
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Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.