Shufang
01-06-10, 01:54 PM
Regardless of whichever style of trading you are starting on, generally if a trade setup is properly done, they will lead to similar entry zones. This is where you are joining the "pockets" of sellers/buyers camping there, aka striking gold.
AUD/USD (3-Hour)
On an Empty Chart:
250
If I am using Fib, my entry is at 61.8% rebound
251
If I am using consolidation breakouts, my entry is below the support after the breakout.
252
When combined:
253
Conversely, when your entry zone is favored by 2 or more trading styles, there is a higher chance of you hitting the correct pockets of campers there.
Enjoy!
AUD/USD (3-Hour)
On an Empty Chart:
250
If I am using Fib, my entry is at 61.8% rebound
251
If I am using consolidation breakouts, my entry is below the support after the breakout.
252
When combined:
253
Conversely, when your entry zone is favored by 2 or more trading styles, there is a higher chance of you hitting the correct pockets of campers there.
Enjoy!