thread y pon

[Pelimioja]

Here is how I define it: A good entry allows you to get out at break-even when you are wrong about the immediate direction of the trade. *immediate: depends on what time frame you are trading on, but I would say within the next 5-7 candles. How would you define a good entry? Build good relationships with others.

[segamgna]

More interesting: How do you define good exit? A good entry allows you to get out at break-even when you are wrong about the immediate direction of the trade. So how is that supposed to work? Do you have negative spread?

[summa]

my entry is exactly that,if my timing is perfect then my ideal entry will have no drawdown apart from the opening spread,the momentum would immediately take me positive .allowing a b/e trade if the lead candle does not come.my maximum risk is always 7.5 pips but my exit is unless trapped 4 pips,2 pips for drift and the spread.the remaining 3.5 pips are only used if my entry is imperfect and im in late.once price breaks any of these conditions my trade is not valid and im wrong.

[lxikilaco]

A good entry is where you put in a position and the market doesn''t come back to question that position for a very long time (days or even weeks

[Pelimioja]

Quoting More interesting: How do you define good exit? {quote} So how is that supposed to work? Do you have negative spread? Coming from the perspective where, as long as you take care of the losses, the profits will take care of themselves. I think fading moves is the closest you can get to trading like an institution. And I don''t mean just fade any move without prior research - fade the moves according to the context, or more specifically fade the counter-trend moves (which depends on what time frame you are trading on

[Pelimioja]

Quoting Rhodie A good entry is where you put in a position and the market doesn''t come back to question that position for a very long time (days or even weeks

[Pelimioja]

Quoting my entry is exactly that,if my timing is perfect then my ideal entry will have no drawdown apart from the opening spread,the momentum would immediately take me positive .allowing a b/e trade if the lead candle does not come.my maximum risk is always 7.5 pips but my exit is unless trapped 4 pips,2 pips for drift and the spread.the remaining 3.5 pips are only used if my entry is imperfect and im in late.once price breaks any of these conditions my trade is not valid and im wrong. Depends on how you look at it, I think our trading methods/ styles are different but our premises are similar. You are more of a momentum trader whereas I focus on exhaustion type of moves to get into the market. Another caveat: Getting into a good entry should be frustrating most of the times because you will see price approach your entry numerous times and then fail somewhere around it, look like it is turning BUT then eventually hit your entry. Once you sense that frustration and impatience coming in, you are on your way to getting a good entry. Build good relationships with others.

[Pelimioja]

For example a recent entry on GBP/USD: I would consider this a good entry because if price moves beyond my entry and proves me wrong, I can very likely get out at breakeven. Build good relationships with others.

[Enlmemiso]

What is a good entry? ..is when for some given SL and TP you have positive expectancy. How do you define good exit? You have already paid spread+commission so a good (or perfect

[OxlhewSG]

In my opinion, a mediocre entry allows you to get out at breakeven. Of course, we always prefer a breakeven trade to a losing trade, but the way most traders view breakeven trading isn''t beneficial to their accounts - it''s harmful. Allow me to explain using the following situations: 1. trade initially goes in your favor. A trader enters the market following his/her system rules. Price moves in our favor... look at those profits! At this point, we think it''s a great idea (for some reason that will never make sense to me

[Pelimioja]

Quoting In my opinion, a mediocre entry allows you to get out at breakeven. Of course, we always prefer a breakeven trade to a losing trade, but the way most traders view breakeven trading isn''t beneficial to their accounts - it''s harmful. Allow me to explain using the following situations: 1. trade initially goes in your favor. A trader enters the market following his/her system rules. Price moves in our favor... look at those profits! At this point, we think it''s a great idea (for some reason that will never make sense to me

[ang333]

Good entries are those that do not end up in SL.

[hampksopa]

Quoting In my opinion, a mediocre entry allows you to get out at breakeven. Of course, we always prefer a breakeven trade to a losing trade, but the way most traders view breakeven trading isn''t beneficial to their accounts - it''s harmful. Allow me to explain using the following situations: 1. trade initially goes in your favor. A trader enters the market following his/her system rules. Price moves in our favor... look at those profits! At this point, we think it''s a great idea (for some reason that will never make sense to me

[Pelimioja]

Quoting {quote} this makes perfect sense,but here lies the problem your method of trading or system is yours and you know the boundaries of that method,but many method are very different.if i applied your logic (which is sound

[Mamimwzz]

Quoting {quote} Yes! Fully agree with you. It''s easy to fall into the trap of "I''m going to let this run because even though it moved against me by X pips it didn''t hit my stop-loss so I still may be right." As a general rule of thumb, that kind of thinking doesn''t work! key is to find out what X is and close these trades at break-even and find another better entry later. What I am saying is, there is likely to be this critical number (threshold

[lmilm]

Quoting we move our take profit to breakeven because we have lost faith in our entry but still keep our stop-loss in place. We hope the trade at least goes high enough to hit breakeven.... My stop loss invalidates my setup, not my entry into the market. I fully agree with this couple of sentences. Traders who move SL to BE when price move a bit in their favor are not confident with their set up, stop loss placement and risk management in the first place. Back to TS question. What is a good entry? IMO you define a bias, whether you think price will fall or rally. Then you look at possible area that when price hits it, it will change your bias, ie the level which if you took a trade you would put ur stop loss at. With that level in mind, you wait for price to get as close as possible or when price is within the stop loss range your are comfortable with, say 20 pips, before you make your entry with the lots size which you are comfortable losing.

[LUIGImgl]

It looks like there is some hard hurdle that block people from understanding something important: BREAKEVER IS A LOSER! None of this is about thinking, believing or agreeing. It''s just maths. It''s not by gathering enough people to agree that 1+1=3 that it will happen. Let''s take this example: Quoting Instead of putting stops there, consider changing TP to breakeven once this threshold is breached because more often than not, if your entry was good, it will hit break-even! In this scenario either I take a loss or I make no profit. How can this be profitable long term? Taking a risk for no profit has a R:R of zero. expectancy of the subset of those trades are E = winrate(R+1

[oxjooxjele]

Quoting It''s just maths. based on factual elements. Yes... I think these are really the very basic things that every traders should understand.. Another one is scaling out of position Vs taking TP with all your lots size.. which is better. A homework for everyone

[Evoluliokem]

Quoting Here is how I define it: A good entry allows you to get out at break-even when you are wrong about the immediate direction of the trade. *immediate: depends on what time frame you are trading on, but I would say within the next 5-7 candles. How would you define a good entry? Quoting For example a recent entry on GBP/USD: {image} I would consider this a good entry because if price moves beyond my entry and proves me wrong, I can very likely get out at breakeven. {image} What if the market blasted through right after you entered, not allowing you to get anything close to BE on the trade and hitting your SL right away. Would that still have been a good entry? If so, then the criteria you listed are incorrect as evidently an entry which afforded you zero change of BE was still a good entry. If not, then how can you even apply that criteria when entering a trade in the present, since whether it''s a good entry or not is wholly dependent on the future?

[isayla962009]

Quoting It looks like there is some hard hurdle that block people from understanding something important: BREAKEVER IS A LOSER! None of this is about thinking, believing or agreeing. It''s just maths. It''s not by gathering enough people to agree that 1+1=3 that it will happen. Let''s take this example: {quote} In this scenario either I take a loss or I make no profit. How can this be profitable long term? Taking a risk for no profit has a R:R of zero. expectancy of the subset of those trades are E = winrate(R+1

[mojokem]

I Think the outlet is more important to me, and using 1min Chart.1 Invest 50 more answers for this forum thread between

[vemo111222]

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[Pelimioja]

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