Areas of Interest
The areas I identify for potential entries have been coined under many different terms on this forum. Some call it support/resistance; supply/demand, stop hunting and others consider it order flow. These are high probability areas that have a high rate of reaction. However, this doesn't mean that price will not break through them. On odd occasions price will pierce straight through these levels (i.e. on news events) and this is when my risk management principles come into play.
I attempt to enter at the source of the move and look for a reaction off these areas.
The areas I identify for potential entries have been coined under many different terms on this forum. Some call it support/resistance; supply/demand, stop hunting and others consider it order flow. These are high probability areas that have a high rate of reaction. However, this doesn't mean that price will not break through them. On odd occasions price will pierce straight through these levels (i.e. on news events) and this is when my risk management principles come into play.
I attempt to enter at the source of the move and look for a reaction off these areas.