Entry Setup
Executing the trade in our strategy is a process marked by precision and timely action. This phase, often perceived as straightforward, hinges on the convergence of key elements within our trading framework.
Once the market presents the correct pattern – specifically, the one we have identified as optimal for our strategy – and a breakout occurs, our focus shifts to confirming this breakout. This confirmation is crucial; it is not merely about observing the breakout but ensuring its validity. A second candle opening beyond the point of the breakout serves as this confirmation.
At this juncture, with the pattern identified and the breakout confirmed, the stage is set for action. It’s here that the ‘trigger’ is effectively pulled – the trade is executed. This decisive moment is the culmination of careful analysis and patient observation, where the strategy’s criteria align, allowing for a well-informed and strategically sound trading decision.
Trader’s Mindset: Pro Trader Beliefs
- You don’t need to know what is going to happen next to make money.
- Anything can happen. Once you enter a trade you are no longer in control of where the price will go.
- Every moment is unique. The trade either works or it doesn’t.