Entry Methods
Module 5: Finding high potential Double in a day Forex trade entries
There are many ways of entering Double in a Day Forex trades. These include:
- Trading breakouts
- Joining an existing trend
- Using momentum to enter
- trading Horizontal support and resistance
- Using non horizontal support and resistance
- Taking market behaviour into account
- Calculating entries
These methods to enter Forex trades are best described in the Expert4x Simple-N-Easy places to enter deals in the Forex Market
To download this module please use this link Forex Entries
Username: entry
Password: cwym2
The Best entry methods
The best Forex entry methods are the ones that do not give too much of the trend away to confirm the move. Indicator based entry methods tend to require a lot of confirmation before an entry trigger is generated. Using lagging indicators limit your potential gains to +/- 60% to 70% of the trend
Support or resistance entries are often more efficient as the price will either bounce or break through a particular and small price level. This provides trades that have a small stop and large target potential. With a method like channel trading for instance it is possible to catch close to 95% of the total trend.
There are also opportunistic trades such as announcement straddles that produce high volatile move that are ideal for Double in a Day trades.
Other Double in a Day pages
To access other Double in a Day pages use the menu options on the main menu