1-to-1 Pinbar Scalping indicator
There are two aspects of a trade entry that should be considered, first, the trade direction, then the entry itself or the timing of the entry. Both are equally important, but one is trickier than the other.First, trade direction. Trade direction refers to whether you would be buying or selling. This is determined on whether you think price would go up or down. This is very important. If you get this wrong, then the whole trade would already be wrong, and it would be very hard to salvage that trade. However, this is a bit easier to decipher. In fact, majority of traders get this right. It’s the second thing that usually messes up a trader’s profitability.
So, what about trade entry and timing? Why is it so hard to determine? This is because, when in trade direction, you only have two options, up or down, in timing the entry, you’d have many different options, in fact, each tick that the market makes is an option. Not only is it difficult, it is also critical in order for a trader to have a positive reward-risk ratio. Those who haven’t got the skill of timing an entry down often resort to hedging strategies that are a bit risky and doesn’t allow a trader to predetermine the risk.
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