Your Potential Trading Area

March 21, 2016

For every trade you enter, you need to have a valid reason, which is also identified as Logic or Rationale. You are looking for this area to enter since this area is persistent by whatever system discovery technique you have noted in your Trading Plan.

Crossover of two moving averages or price hitting resistance on a Fibonacci retracement level is a good example. Your potential trading area positions between current price and your entry trigger.

It is strongly suggested that you take a screenshot of your chart showing that area. Make it a habit of having screenshots of your charts. So that when it is time to evaluate your trades, you will have the ability to see what transpired visually and this will help train your eyes to see the potential chances or deceptions to avoid on your charts in actual events.

This will remind you the reason why you entered the trade, or make you see something that you may have ignored.

Potential trade area is where you have faith that you will have an advantage that you trade with a high possibility of success and that the reward/risk percentage is in your approval. You must determine, for yourself, how you want to meet this condition.

The moment you sit down in front of your computer, you should be “ready” to trade. The possible trading area is your main goal. This will save you from entering a trade without any plan.

Publication source
Trade12 information  Trade12 reviews

February 24, 2017
Trade Commodities With Cmstrader
CFD is a derivative financial instrument, and it is an abbreviation for Contract for Difference. CFDs are of interest to traders who want to significantly boost the amount and quality of their investments...
February 23, 2017
Gain Capital gets FXCM's US retail forex clients
Now the deal is confirmed, but the financial details have not been disclosed. The transaction is subject to final regulatory approval. It is expected to close before the end of February...
February 22, 2017
Improvements in trading terms for CFD’s on the German 30 Index
The company FIBO Group has reduced the size of the spread by 2 points for the CFD, which is based on the German 30 index...

Fort Financial Services Rating
NPBFX Rating
Exness Rating
FX Giants Rating
FXCM Rating
OctaFX Rating

365BinaryOption Rating
Empire Option Rating
Binary.com Rating
IQ Option Rating
OptionBit Rating
OptionTrade Rating