Hi Adilius, Entries are the most important thing as they are your entry point in the market. Exits should be preplanned at areas of support or resistance in the vicinity of your entry point. The trick is to only enter trades which have some room to move to the next support or resistance area. Exits can be difficult to teach in a fixed systematic way as each trade is unique. However moving your stoploss to break even soon allows breathing space to see how trade reacts around target areas.
Hi, interesting. I see good entries. But entries is the least important thing. The difference between profit and loss is the trade management. Where do you exit? You show the move of 100+ pips, that doesn't mean anything, it is after fact. I assume you set your TP at the previous swing hi/lo... then RR is not good, is bad actually in most cases... How do you deal with this? Also do you use Breakeven?
Hi Adilius, Entries are the most important thing as they are your entry point in the market. Exits should be preplanned at areas of support or resistance in the vicinity of your entry point. The trick is to only enter trades which have some room to move to the next support or resistance area. Exits can be difficult to teach in a fixed systematic way as each trade is unique. However moving your stoploss to break even soon allows breathing space to see how trade reacts around target areas.
equity3trading 10 months ago
Hi, interesting. I see good entries. But entries is the least important thing. The difference between profit and loss is the trade management. Where do you exit? You show the move of 100+ pips, that doesn't mean anything, it is after fact. I assume you set your TP at the previous swing hi/lo... then RR is not good, is bad actually in most cases... How do you deal with this? Also do you use Breakeven?
Thanks!
Adilius777 11 months ago