Execution is Everything - Timing entries to maximize risk/reward ratio - The logic behind the moves
The goal of this article is to address those having difficulty executing on daily plans or want to tighten up entry models. At the end I will use next week’s open as an example of applying the concepts to current price.
I tweeted out the above on Friday but because this idea is absolutely core to my trading strategy this article will elaborate as without details it is just another platitude. For simplicity this will be written from a bullish perspective but everything can be flipped for a bearish bias.
Don’t Buy Green Candles or Sell Red:
The Goal of a bullish entry model is to buy the low time frame pullback in a high time frame uptrend and adjust for the length of time you wish to hold the trade. For example a pullback on the 5 min candles in a 15 min uptrend is just as valid as a pullback on the 1 min candles in a 5 min uptrend.
The only way to do this is to know which zones are reactive which will always be discussed in the plan.
Your goal on an entry is to look for consolidation r…
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