Mastering Trade Triggers: How to Enter Trades with Confidence

Nathan Bray - Senior Account Manager

2024-07-03 14:22:24

 

Welcome to another educational video by Nathan Bray from ACY Securities! In this video, we delve into the crucial concept of triggering into a trade. If you've been following our previous episodes, you're familiar with combining trading strategies like trend analysis, deeper retracements, and identifying support and resistance levels. But the question remains: how do we effectively enter a trade when these levels are respected?

Join me as I walk you through the process of selecting the right trigger to confidently enter a trade. We'll use a gold chart as our example, examining a weekly uptrend with significant pullbacks to a well-tested support level. I'll show you how to zoom in on a 15-minute chart to identify potential entry points.

You'll learn:
- How to recognise a respected support level
- The importance of a trend line break as a trigger
- Using MACD for confirmation to smooth out price movements
- Combining multiple indicators to create a robust entry strategy

We'll also explore another example using the EUR/USD pair to illustrate how these principles apply across different markets. By the end of this video, you'll have a clear understanding of how to identify and use trade triggers to enhance your trading strategy.

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This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Author

Nathan Bray has been actively trading and analysing global financial markets for well over a decade. He began trading stocks, options and warrants in the late 1990's and now focuses on trading indices, commodities and forex. Nathan is a passionate trading professional. 

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