Traders Trick Entry

By Joe Ross

Traders Trick Entry

The Traders' Trick Entry allows the trader to enter at an earlier point, "beat the crowd" with minimal risk.

Key elements are to buy on penetration of the high of a potential #3 bar during a 1-2-3 low, and to sell on penetration of the low of a potential #3 bar during a 1-2-3 high. A third point is referred to as "potential" because subsequent bars can confirm or negate it. A protective stop loss could be placed just below (for longs) or above (for shorts) the potential #3 bar. The initial target might be the #2 point or a fixed number of ticks. If there is a breakout at the #2 point then a portion of the position could be left to run with a trailing stop based on subsequent bar formations ... download the eBook to read more

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