Dear friends ,
Yesterday we saw about the 4 types of entry points .
1. Breakout/Breakdown.
2. Retracement / Pullback .
3. Reversals / Counter trend.
4. Rangebound fades.
We will discuss them in detail one by one .
1.BREAK OUT ( OR BREAK DOWN ) :
This entry point is the most preferred by TREND FOLLOWERS ( AND TO SOME EXTENT YOU CAN SAY - PROFESSIONAL TRADERS ALSO ).
The entry is very easy - breakout of a strong support or resistance .
When experiencing extended range consolidation, it is best t…
Yesterday we saw about the 4 types of entry points .
1. Breakout/Breakdown.
2. Retracement / Pullback .
3. Reversals / Counter trend.
4. Rangebound fades.
We will discuss them in detail one by one .
1.BREAK OUT ( OR BREAK DOWN ) :
This entry point is the most preferred by TREND FOLLOWERS ( AND TO SOME EXTENT YOU CAN SAY - PROFESSIONAL TRADERS ALSO ).
The entry is very easy - breakout of a strong support or resistance .
When experiencing extended range consolidation, it is best t…