Entry and trade management in the Trade Zone
There are two different ways to enter a trade using the Zone Trade method:
- wait for confirmation
- entry right at the confluence level
If you would like to enter after a confirmation signal, you need to wait for the price to move back into the 'Zone' of the 8 and 20 EMAs and enter upon a candle rejection.
You can also enter when price hits the confluence of multiple technical levels inside the 'Zone'. These technical levels may include horizontal support and resistance levels or a trend line. When this confluence level is hit you may enter the market with a market order.
A simple trade management technique is to track swing highs and lows. Previous highs and lows make perfect targets, whereas newly formed swing highs and lows can be used to trail stops, when in a winning trade.
Catching Knives - Counter-Trend Trading Strategy
This trading course will teach you a counter-trend strategy, which is very powerful.
The 79% Pullback Pattern Strategy
When trading in the direction of the trend, the most profitable way to do so is to wait for a pullback – a temporary change in the direction against the trend, before it continues on. The 79% strategy uses a combination of Fibonacci, fractals and swing highs/lows to find the optimal point to enter into a trade.
10 Bar Breakout Strategy
This trading course gives you a very simple trading strategy which you can trade easily in the evening as a working person.