WHAT IS A SECOND ENTRY ?

Discussion in 'Trading' started by padutrader, Oct 28, 2023.

  1. padutrader

    padutrader

    if it is second entry but it is still the same leg then it will look like a reversal.
    when is it the same leg? if there is a leg down and then a minor correction like a inside bar or a small test up without a clear trendline break then it is same leg. you need a clear TL break and then an entry. this is a better set up but then you need context to match too. you have to earn your
    money, BRO
     
    #291     Nov 10, 2023
  2. padutrader

    padutrader

    the bar after the bar marked with blue line was an entry bar for a second entry but there was no clear TL break so the next bar it reversed up. this bar broke a TL and so the next sell entry was a much better one and a lot of traders had the same opinion and entered sell. ettt7.png
     
    #292     Nov 10, 2023
  3. padutrader

    padutrader

    made a mistake.... there was a reversal bar after this second entry too because it was the second leg down, of a large two leg pattern and i entered after this reversal bar but i exited when the entry bar became a doji. the highest probability entry was on the bar after a solid bull bar marked with the blue line. CONTEXT CONTEXT CONTEXT ettt8.png
     
    #293     Nov 10, 2023
  4. padutrader

    padutrader

    patience pays .. blue line was wedge failure so target is 4385 bought at yellow line ettt9.png
     
    #294     Nov 10, 2023
  5. padutrader

    padutrader

    scalped out: on a trading range day break outs however strong will be faded: safety pays ... but not much.... you want more pay, take more risk; my employer does not like more risk etttt1.png
     
    #295     Nov 10, 2023
  6. MACD

    MACD

    Great @padutrader that you clearly stated this fact. Thanks. Also as I am sure you aware, there are charting programs that are very helpful in implementing this trading method. Thanks again for your sharing Padutrader.
     
    Last edited: Nov 10, 2023
    #296     Nov 10, 2023
  7. padutrader

    padutrader

    perfect context low probability so swing trade sold at blue line etttt2.png
     
    #297     Nov 10, 2023
  8. p0box4

    p0box4

    If you don't mind me asking, what happened to the funded account?
     
    #298     Nov 10, 2023
  9. padutrader

    padutrader

    closed etttt3.png
     
    #299     Nov 10, 2023
  10. padutrader

    padutrader

    i am a born loser everyone knows that, i have given up trading why are you wasting your time with me.i will buy another funded account it is for sale
     
    Last edited: Nov 10, 2023
    #300     Nov 10, 2023