3 Trading Entries That Will Change The Game - (Simple & Powerful)

what's going on everybody welcome back to my channel so for this video i'm going to teach you three powerful signs that you can use in order to get into some really good trading opportunities now i talk about support and resistance a lot and i talk about trend lines how i don't use them but what i want to do today is show you the signs that i look for personally when getting into trades now but it's not just about waiting for price to come back to a key level in the market and then looking for a trade on opportunity you must identify what the behavior of the market is doing when it comes into these key levels even trend lines i'm not against them but just many don't know how to use them properly so for this video i'm going to show you three examples that's really going to exponentially change your trading around 1 000 so let's take a look at this most of the examples we're going to show you today are of reversals and i believe we have one continuation so let's take a look at this first pair we're going to look at is new zealand dollar usd now we're looking at the audi time frames so for this video example we're going to use two time frames this time so you know how to start looking for confluence and start to identify evidence in the market confirmation in the market and when the momentum shifts so let's look at this market structure we have a strong bullish structure to the upside we're clearly making higher highs and higher lows we may not be able to determine them on the hourly time frame but if we go down to the 15 minute time frame we'll start to see the price making those levels again not so clear but we have a push phase high low push phase high low push phase high low etc etc back to that hourly now what we can see here is when the market made a new higher higher we had a breakout of this structure indicating bullish pressure so we've made that higher high but we've had that break back in and with that break back in we've had this break close below the previous higher low so this is definitely indicating some sort of bearish pressure on this market structure what we want to do is we want the market to come back to a key level this is a sign where the sellers are sitting previously so if the sellers are still there this is going to give us a higher probable opportunities to take a trade because we can place our stop-loss above structure so that's what we're simply going to do now most traders and i will say this now are not patient enough to allow for the market to come back to these key levels and end up taking sales or buyers in the middle of nowhere and then end up getting stopped out but what we're going to do is we're going to patiently wait it doesn't matter if the market respects these key levels and goes down we are patiently waiting and this is a very good strategy that you can use if you're a full-time worker or if you haven't really got that much time to be spending on your charts because what that would do for you is allow for you to just set your alerts on the market wait for price to come back to these key levels and when the market comes back to these key levels then you know what you know it's time to look at your charts so the first example here is strong bullish pressure into this market structure so let's analyze this from a behavioral perspective if we have strong signs of bullish candles pushing into a key level what are we expecting the market to do well we're expecting the market to break this level now if it's a very strong level then what's going to happen the market's not going to break it and the sign that i want you to look for when looking at these examples on your own when you're doing your back testing or your forward testing is this right here this is a very strong indication that the depletion of bullish pressure is very very likely to happen in this key level or in and around this key level because if this is a strong bullish candle and i was to remove this candle here we didn't look at anything else on the chart what are we going to say the next candle is going to be more often than not we're going to look at this candle to be or the next candle to be a bullish candle but when we see a depletion that is a strong sign that this key level right here is more than likely holding cell cell orders so what can we do well now we can scale down we go down to our lower time frame which is our entry time frame and we look to see what the market is doing we can clearly see at the moment the pressure is to the upside what we're trying to now identify is the depletion of this this is the key level this is where the market is holding now what are we going to do we are simply going to wait for the market to give us a strong bearish indication to the downside that the bears are in control of this market and now look we had an area where price was failing to break below for a long period of time and then look we had this break close below structure and this is what we're looking for this was strong bullish pressure into this key level on the hourly time frame a depletion and immediate depletion then price was failing to break above and below this its own structure and then immediately we've had this break below now do we know if this trade is going to win if we take it absolutely not but what we've now done is we've built confluence to identify that this level that we have here this box is a strong level in the market where prices reacted to in the past we've seen price come back to this level with strong bullish pressure we've seen a depletion of that bullish pressure and now we are seeing the market showing signs of bearish momentum and this is when you want to hit these trades up and this is all about the numbers so let me explain this very clearly even if this trade does not win the more often that you take these trades in a very systematic way and patient enough to allow the market to come back to these levels and wait for this evidence and confirmation the more likely the numbers are going to play out in your favor in the long run and the likelihood of you becoming a profitable consistent trader is extremely extremely high so let's take a look at the results of this we'll just press these very quickly and see what happens and there you go one two three risk toward ratio where does our stop loss go above the key level what's our target one two three we're just training systematically and playing the numbers over and over again and look at the results this has come off the back of a strong bullish candle to the upside or structure to the upside on our hourly time frame as you can see here depletion of that into a key level where we can see the market is reacted in the past and then now we have that bearish sentiment step in using the lower time frames on the 15 minute time frame or whatever time frame you want where price started to shift in bearish momentum and now you see the winning trade so that is pattern number one and a very very powerful pattern for those who are trading price action and technical analysis let's move on to example number two example number two is pound new zealand dollar so for this we're going to identify the structure of the market we can clearly see it's to the downside previously the market was sitting in a consolidation area where price was failing to break below for a very long period of time we had this break of this structure this re-tested this consolidation and a continuation to the downside so what are we looking for well you know we're looking for sales now how do you identify a key level well what you want to identify is how price is coming back into areas in the market where there's lots of weak rejections so this will be the first area that we're going to look at for that depletion or the pattern that we're now going to learn the first pattern on new zealand usd was a depletion in either bullish or bearish pressure and an indication of continued momentum shift back to the downside or upside so let's look what happens here we have a depletion now what are we doing we're going down to the 15 minute time frame and we're looking for that momentum shift so we're looking for bearish pressure to step into the market and push the downside now as we can see here this is not happening the market is pushing to the upside so now we avoid taking those cells because we do not have the evidence that we need to support that this key level is a strong level in the market we are looking for the market to show strong signs of bearish pressure which we never got so let's head back to the hourly time frame and see what we can do now even though this level is broken this does not mean necessarily we're looking for buys we can also look for key areas in the market where there are multiple wic projections and identify what's happening there now notice we didn't take a cell here because we didn't get that bearish sentiment and the momentum shift we needed so let's start again the structure of the market is still to the downside nothing's really changed now we see price coming into this area in the market where there's multiple wick rejections and look we have a reaction so now we're going to scale down to our 15 minute time frame and we're going to start to identify what's happening now understand that at key level in the market is not a single line it's an area so we're taking this area as a whole and now identifying what's happening so let's see if we get that momentum shift we don't get that momentum shift we can see strong bullish pressure still and the momentum's to the upside but we're getting wick rejections we're continuing to get wick rejections which is a very good sign and this is what we're looking for but not enough we want to see the momentum shift now we don't see the momentum shift we see an attempt let's see what happens on the next candle and there you have it the momentum shift has now kicked in at this key level in the market so what are we going to do we're going to take the trade entry as an instant or however you're going to take it and stop plus above structure and as always we're going to be going for our one to three wrist ward ratio so let's take a look at this one two three and let's see what happens now understand obviously these are examples to help you moving forward to start back testing and forward testing these to see if they're going to work for you not every single trade you're going to take is going to go in your direction immediately and of course not every trade you're going to take is going to win but the reason why i'm doing this is because obviously it's an example for you to see how you can take these and bat test these using your own initiative to see if it's something that's going to work for you so here we have it take profit number two now how did we work this one out well back to the hourly what we saw is a key level in the market where we didn't get the momentum shift we had that bullish pressure and the depletion but not the shift so we wait for the market to come back to another key level in a sell by structure and then we're looking for that depletion and look here this is what you need to be looking for strong bullish or bearish candles pushing into a key level and then leaving these wick rejections behind this is a strong sign of depletion remember example number one we looked at the depletion here and then the momentum shift on pound new zealand dollar we see strong bullish pressure with a depletion with a wick rejection and as you can see we took this trade and we've done pretty well with our take profit so now let's move on to our final example our final example is going to be on euro aussie dollar so with new zealand dollar usd we looked at a reversal with pound new zealand dollar we looked at a continuation and for our final example we're going to look at a reversal now this one's slightly different and many people ask me well how do you take these exhausting trades how do you know the earliest earliest sign of a reversal well i don't know every single time that's the honest truth but what i do know is if i take the trade systematically over and over again eventually the numbers are going to play out my favor and more often than not i'm going to have those winning trades as opposed to those guessing games of trying to take the reversal and losing so being systematic is what's going to help you here so let's look at this example structure the market to the downside we can see very strong bearish pressure a really nice bearish candle now we can see a depletion why all of a sudden do we have a depletion well this is not enough to start to gather evidence but it is a sign to start showing that the market may be going for its phases in any downtrend we have a push phase exhaustion phase push phase a lower low lower high lower low so if this is a push phase then what we could suspect is the market may want to pull back to create some sort of lower hybrid for a continuation and off of the back of this bearish candle we're expecting another bearish candle if we have a strong depletion like this then we can start to suspect something is happening but is this enough absolutely not what we want to see is at least two or three candles indicating a depletion now why is this well look at this example if the market creates a low or high does it leave uh does it leave that level immediately and go down no if the market's going to exhaust does it immediately exhaust and go up no if the market makes a lower high does it immediately make the lower high and continue no and it continues and continues so don't try to be the first into the markets wait patiently for the market to build up enough concrete evidence and then start to scale down to look for those trades because if the market's not going to leave a key area straight away then what's the rush so we've gathered this evidence sell by structure strong bearish pressure to the downside lower low's been formed a depletion in that bearish pressure and now we're starting to see a key level created so what are we going to do we're going to scale down to our 15-minute time frame and we're going to identify what's happening price is not able to make this lower low we can see that the market structure at this moment in time is indicating to us that after this strong cell pressure and this low low has been formed it is failing to continue to go down so what are we looking for absolutely right we're looking for that bullish pressure to step into the market now we want when the market's creating a consolidation for the market to break above its own highs this is now indicating that bullish pressure but we don't buy in a push phase we wait for the market to come back to our key level just as like just like in all the other examples we wait for it to come back and you see push phase exhaustion phase and now we can see the market is pushing to the upside upside indicating the strong bullish pressure and this is when you want to go in for the trade place your stop loss below the higher low or the structural low and then go for your targets now notice with this example this is more of a reversal slash exhaustion trade but identifying that the price is not making the lower low identifying the bullish pressure break above structure and the retest of previous structure and then this is our safest options going for this trade and this is where the highest probable trading opportunities are going to come from so the market is continuing to push up with that bullish pressure after the depletion of that strong bearish candle on hourly time frame and let's see if we hit those targets and there you have it targets here so free examples for you and this one is not the easiest to take because sometimes you are going to get a lot of breakeven trades and at times you may take some losing trade so make sure you're waiting for true evidence and confirmation of a depletion in either bearish or bullish pressure wait for that momentum shift then look for that re-test and then that continuation so i really hope you enjoy these three examples i am very sure that these are really going to make a difference to your trading and as i always say if you enjoyed this video please smash that like button subscribe if you haven't and until next time take care

Channel: RockzFX Academy

Views: 705,677

Keywords: how to determine forex entry point, how to determine entry and exit points in forex, how to enter a trade, best entry point forex trading, forex entry point indicator, best entry point forex, how to enter a trade in forex, how to enter trade in forex trading, how to enter forex trade, forex when to enter, forex entry confirmation, how to find entry point in forex, entry point forex, forex entry techniques, forex entry point, forex entry point strategy, forex, forex trading

Id: 5Znp5XcpvnE

Length: 16min 20sec (980 seconds)

Published: Mon Jun 01 2020