Aggressive entry is by placing a pending order at the level. We have no expectation that this level should be breached. Stops are placed equally aggresively at 10 x the spread. Conservative entry is by waiting for a bounce from the level. If it holds to the pip, this is considered confirmation. Then long/short with a sl 10 x spread below/above the original level. Exit half the trade at 1-1 rnr or at the next s/r level which ever comes first. Stops can be tightend at this point but should not be placed in the line of fire and remain on the other...
One of the advantages of trading the bop is that the price at which we expect a reaction is always in a tight region. Sometimes watching that level being breached by even 15 or 20 pips is sufficient to symbolise failure. On the longer timeframes, where the pattern takes on an 'obvious' formation, aggressive entries with pending orders can be merited. Where you have a breakout zone but the bop pattern is unclear, then entry should be determined by price action around the zone. As a secondary measure i use trendlines; in a down trend i use the ltl,...
Ignored
Sorry , i am a new guy here try to understand this system.
According to this sentence " As a secondary measure i use trendlines; in a down trend i use the ltl, in an uptrend the utl; looking for confluence of s/r around the bop zone. "
i can not figure out how a trend line would confluence with the S/R around the bop zone.
Can anyone help please use a picture to explain. Much appreciated.
My idea of deadly accuracy is ;
Suppose you have a 1:1 profit / loss ratio and your trades are right 80%-90% of the time then I would say that deadly accuracy.
60%-70% accuracy is satisfactory.
Leaders don't do different things, but they do the same things differently.
My idea of deadly accuracy is ; Suppose you have a 1:1 profit / loss ratio and your trades are right 80%-90% of the time then I would say that deadly accuracy. 60%-70% accuracy is satisfactory.
Will
I cannot thank you enough. I have looked at lots of systems and threads on FF. I have purchased the 101 days access to your videos and watched the majority of them only once and already I have transformed my trading. I am currently working full time so cannot take advantage of the trade alerts as yet because I would not be able to trade them. But just by using two of your advance entry techniques when I get home from work trading on 5m charts I have have 8 from 8 winners.... often with little draw down and I can see where price is going to go well in advance. Its amazing stuff. For the first time ever I feel close to being able to make the jump to full time trader in the future. If my demoing continues like this for 3 months I will go for it.
Thanks again
Haircut
{quote} Will I cannot thank you enough. I have looked at lots of systems and threads on FF. I have purchased the 101 days access to your videos and watched the majority of them only once and already I have transformed my trading. I am currently working full time so cannot take advantage of the trade alerts as yet because I would not be able to trade them. But just by using two of your advance entry techniques when I get home from work trading on 5m charts I have have 8 from 8 winners.... often with little draw down and I can see where price is going...
{quote} Sorry , i am a new guy here try to understand this system. According to this sentence " As a secondary measure i use trendlines; in a down trend i use the ltl, in an uptrend the utl; looking for confluence of s/r around the bop zone. " i can not figure out how a trend line would confluence with the S/R around the bop zone. Can anyone help please use a picture to explain. Much appreciated.
My idea of deadly accuracy is ; Suppose you have a 1:1 profit / loss ratio and your trades are right 80%-90% of the time then I would say that deadly accuracy. 60%-70% accuracy is satisfactory.
Ignored
Be right at the right price and be right at the right price often.
Accuracy references precision entry as much as win/loss ratio
After learning professional risk management and trading techniques the number one obstacle preventing most traders from making a living trading is actually having the capital to trade.
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