Learn Advanced Price Action Strategies & High
Probability Trade Entry Signals That Work
Then once we got a clear pin bar sell SIGNAL at the intersection of the trend and the level, we had an obvious and high -
probability trade entry on our hands...
The iclickntrade ™ Proprietary Indicator Package has been developed to help identify high
probability trade entries for all markets.
Not exact matches
Bar 13 - Double bottom higher low, close on high, still always in long from 8, ok swing buy or long, but tight
trading range so limit order market, sellers scaling in above, buyers below, both scalping and low
probability for stop
entries
I use price action
trading strategies to find high -
probability entries in the market at these swing points, you may see me refer to this as «buying weakness» or «buying the dips» in a rising market and «selling strength» or «selling the rallies» in a falling market.
This use of the trick is not about reducing your stop loss distance, indeed you will keep the same stop loss distance as a «normal» market
entry, instead, you're getting a SAFER stop loss placement and getting more breathing room on your
trade, thereby increasing the
probability of being on - board when the market moves in your favor.
It's always been amusing to me that the easiest part of
trading... analyzing the chart and finding a high -
probability entry, is the part that traders make the most complex.
Also keep in mind that the hanging man can be a very high
probability entry trigger when combined with a good
trading system.
2) By waiting for a more optimal, or conservative
entry on a
trade, we can decrease the
probability of getting stopped out for a loss because our stop loss is placed in a safer location, thereby giving the
trade more room to breathe.
You can use many different kinds of supporting
trading signals when you
trade divergence patterns, but for the purposes of this article, we'll be combining price action signals with our divergence signals to get high -
probability entries.
Trend
Trading: Trend traders are traders who wait for the market to trend and then take advantage of this high -
probability movement by looking for
entries within the trend.
By watching for
trading signals near the support and resistance boundaries of the
trading range, traders have a high -
probability entry scenario with obvious risk and reward placement.
This provides us with a very high -
probability entry scenario and a very simple
trading strategy.
For a higher
probability trade, the
entry should be in the direction of the underlying long or medium term trend
There really is no need to try and
trade from 25 different price patterns, the Forex market moves in a relatively predictable fashion most of the time, so all we need is a handful of effective price action
entry setups to give us a good chance at finding and entering high -
probability trades.
They are losing money because they are
trading way too much and not being patient or disciplined enough to wait for their strategy to really come together and give them a high -
probability entry signal.
Forex scalping is quite a popular
trading style within the forex community, due to the vast opportunities that it creates and the high
probability of getting an
entry signal.
It's OK to understand various
entry triggers and setups, but if you're
trading against the dominant market bias, your
probabilities of making money decrease dramatically.
You may not be able to
trade this pattern as an
entry without other confirming signals, but when you do get this «perfect storm,» it can be a very profitable and high -
probability entry signal.
A high win rate system has to be built on the accuracy of an
entry and the
probability of it being a winning
trade not in the hope of holding losing
trades until they come back.
There is no mechanical approach that I am aware of that makes money long - term, all methods I
trade and that others
trade that I know of, use a basic set of guide - lines, and basic «
trading plan conditions» that they use to find a high -
probability entry into the market.
You find yourself making this mistake after almost every winner you have and the end - result is that even though you know how to analyze the market effectively and find high -
probability entries, your
trading account is still not growing.
Trading is about finding a high -
probability entry scenario in a sea of low -
probability ones, sadly, most traders end up taking a lot of low -
probability trades and very few high -
probability ones.
High
probability trades are identified through a convergence of
trading signals that help identify and confirm both
entries and exits based on two key components: (1) trend (2) support & resistance.