When to enter a trade forex?
When to enter a trade forex?
For some and I think for many novice traders it is very difficult in the beginning to determine when exactly you open a position on the forex market.
Because this of course also depends entirely on the trading style and the strategy you use.
Everyone has their own style and approach.
That is why I am going to briefly explain to you in this blog today when I enter a trade with my style and strategy.
As most of you already know, I trade on a Supply and Demand basis.
And I also had trouble finding the right entries in the beginning.
But after a lot of testing and observation it is possible with time to make better and more beautiful entries.
When do I enter a trade?
Before I enter a trade I pay attention to a number of things and only when everything is correct do I enter the trade.
I pay attention to points such as what is the trend at the moment?
Am I taking a counter move now?
Or am I going with the trend?
Are there any other blocks nearby that could hinder my trade?
Did the price grab enough liquidity?
And so everything has to be right for me before i enter a trade.
In the image below I will explain what exactly I pay attention to.
Above we see a nice example on GJ.
We see a clear Demand zone and I have also drawn the Low and High.
If we look closely at this image, you can probably spot some nice entries.
Then we see a new leg up when we shift to a lower timeframe we see that on the lower timeframes new buy levels are created or new demand levels that are again full of buy orders which gives us the possibility for multiple entries!
It is very important to determine the liquidity levels and the supply / demand levels and a large part of waiting and execution at the right time is key price reading, learning to understand the price and what the price tells you, because every candle has its own story.
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Or want to know more about When to enter a trade forex?
So if you are a beginner trader and to become a good professional forex trader.
Want to know more about when to enter a trade forex?
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