He has a monthly readership of , traders and has taught over 20, students. As you probably already know, trade entries are very important in determining whether you succeed or fail as a trader. One good trade entry can make or break your month in the market. A better trade entry can significantly improve the risk reward potential of a trade as well as get you a better stop loss placement which can decrease your chances of getting stopped out of a big move in the market.
What are some things you can do to improve your trade entries? Limit orders give you the power to get into a trade at a price of your choosing. You can either take the trade with a tighter stop loss as we discussed above, or you can use a normal distance stop loss in the example of a pin bar, a normal stop loss distance would be the full length of the pin bar from high to low.
You have to be prepared to miss the trade, but as we discussed above, the advantages of a better risk reward profile on the trade and increased flexibility in stop loss placement are nothing to sneeze at. Analyzing the markets and setting up trades at the New York close, is a very easy and effective way to improve you trade entries. Doing so, removes the noise and mental confusion that comes with trying to trade from intraday charts.
Monitoring your trades just once or twice a day also helps you avoid the temptation of fiddling with your trades unnecessarily as well as the psychological ups and downs that come with day trading. So, just the very act of focusing on daily charts is going to significantly improve your trade entries. The chart example below shows us a clear T. S scenario to enter the market from. The chart example below shows another clear example of using T. Thus, we had a highly-confluent price action entry signal.
The last chart example we are looking at shows a clear example of using the T. Then once we got a clear pin bar sell SIGNAL at the intersection of the trend and the level, we had an obvious and high-probability trade entry on our hands…. If correct money management parameters can be applied, i. Of course, if you have not yet mastered a trading method, you will not be able to get good entries into the market. Thus, the first step is taking some time to get proper training on an effective trading strategy such as the price action trading strategies I teach in my course and members area.
Many Many thanks Nial Guruji. You explain it in such a fashion that the reader easily understands it — sign of a true Brahmin. Had a light bulb moment with this article Nial. Thank you so much. That being said I have forced myself not to trade every day,but only to wait for pull backs like an old seasoned hunter waiting for the right moment set-up and moment to pull the trigger. Fabulous article Nial… i luv your simplistic style, easy to understand and follow… i will print this article to have on hand for easy referral … thanks again cheers Jenny.
I now see why I have been losing money all this while. Thank you for the good job done. This is a wonderful method that I will continue to use. It is working well for me now. Thanks for this great job. Nial Fuller, Thank you so much for you, this really helped me to deepen my knowledge. Thank you for your tremendous expertise in trading the markets..
I have literally learned everything from you! From the videos I first seen on YouTube.. You have been a blessing! Thanks again, and I hope to keep learning and profiting as I go! Thanks for pointing out again how important entry points are in successful trades. In the beginning it did not seem that important to me. As you have pointed out the importance in the past, I finally got it and made many extra PIPs because of your lessons. Another very informative — common sense atricle Nial.
Thanks you for taking the time to share this, it is appreciated. Thank you very much so such a good lessons, if all trades may apply such lessons to their minds, surely our trading may improves. Being a cricket player i am always apply my cricketing theory into my trading.
Nial, This is one of the best posts you have ever done. It is ongoing posts like this that more than justify getting your course and membership a few years back. Some times I even already know the basic principle but have let it go by the wayside because I lost sight of its value. This is brief to the point. I have been struggling with — point of entry but with this , i am going to focus to improving my entries. Your email address will not be published. Notify me of follow-up comments by email.
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Set up trades at the end of each day Analyzing the markets and setting up trades at the New York close, is a very easy and effective way to improve you trade entries. Wait for confluence using the T. Checkout Nial's Professional Forex Course here.
Alex March 20, at 8: Hettie March 19, at 5: Thanks for helping us to become better traders. Alan March 13, at 8: That being said I have forced myself not to trade every day,but only to wait for pull backs like an old seasoned hunter waiting for the right moment set-up and moment to pull the trigger Reply.
Fabulous article Nial… i luv your simplistic style, easy to understand and follow… i will print this article to have on hand for easy referral … thanks again cheers Jenny Reply. Sam November 6, at 3: Kagawa April 12, at 1: Nial ,great professor , great trader, great sharer…..
Derick March 31, at 2: Simply Brilliant thank you Nial. Awura Adeck Bina March 13, at 8: Abdulkader Bohari January 3, at 9: Thanks for Guiding Small Traders.
I will TRY this Method. Caio Marcos December 31, at Iason Konstantopoulos November 21, at Great article… If you want to gain the pot, never enter on the spot! Thanks for your trick and tip to trade the market Mr Nial Fuller Reply. SG November 15, at 8: Great lesson Nial Reply. Change my trading life style by nial. Alex October 28, at 2: Nsibande Mzabalazo October 21, at 6: Rod October 16, at 7: Hello Nia l, Thank you for your tremendous expertise in trading the markets..
Adam October 14, at 9: Mr Nail I feel successful whenever i read your articles.More...