Looking closely on the LBLS based chart,one can see the Entry about to start after a mere retracement. Any kind of Technical and i simply prefer LBLS indicator of my choice.
Spotted potential Entry here also the price hitting entry zone .
with this formation I see serious move.
I tried to look back in history,the history too confirms the entry is stacked here.
We mention it over and over to emphasize the importance of waiting. Unfortunately in a world of instant gratification many have trouble sitting on the sidelines. If you don't control your emotions, through discipline and boundaries you will probably be reloading your account more often than you think. I know this time you'll play it safe.
Mindset is 1 of the most important tools to have in trading.
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with the help of LBLS indicator , i check three basic yet effective rules for Entry.
Make sure the candle color transitioned from Black to Blue / Red to Green .
The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short).
Background Color changing from Red to Green is the added advantage.
Opposite of the Long Logic's.
In General in chart we have to see a pattern the price is moving HH for Long or LL for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.
In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.
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If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.
with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.
- Remember for right entry point
- Remember for Stop Loss
- Remember for partial take profit
- Remember for closing the remaining profit
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