What do you need to know to enter the Forex market? Market entry indicator. We determine the exact signals for entering and exiting a position (transaction) on Forex Determination of entry points to the Forex market
The success of trading largely depends on the correct opening of a position. To effectively enter the forex market, traders use indicators and tools of technical and fundamental analysis. Let's consider simple, but quite effective forex entry points along the trend, at the breakout of the trend line and during the flat, which are determined by a simple graphical analysis.
1. How to open a position during a trend?
Many of you dream of entering the market in the first wave of a trend, however, this usually ends up in a long fight with the trend instead of following the trend. Often it is possible to enter the market already in the fifth, final wave, while the best entry is in the third, at the most active time of the trend. A trend line drawn at two points of the current movement helps to open a position correctly.
When an uptrend is clearly visible on the chart, you need to draw a line under the price at two consecutively rising low points. The price goes up in waves, as if starting from the trend line. The first two touches are our reference points, on which the line is built. At the moment of its third touch, a signal appears to open a long position.
opening long positions on the trend
To get a reliable picture, the direction of the trend is determined on the daily charts, and the entry points on smaller ones, for example, on the hourly charts. To avoid false entries, the decision to enter is made only after the close of the analyzed candle, since the candle can cross the trend line in the opposite direction, but by the end of the closing of the time period, for example, an hour, return to the direction of the current trend.
In the case of a downward movement, entry points are searched similarly, only in a mirror image. The trend line is drawn along two peaks, which are successively lower (there must be at least two candles between the peaks), and the entry occurs at the third touch.
opening short positions on the trend
2. Opening a forex position on a trend breakout
There are many breakout trading strategies that use pending stop orders to enter at the very beginning of the movement, namely on the breakout wave. This is too risky as there are false breakouts. Consider some successful forex entry points when trading breakouts.
It is considered optimal to open a position not immediately after a breakthrough, but a little later, at the peak of a corrective rollback. The first horizontal support line is drawn at the peak of the first impulse wave – as a rule, it will become the support level from which the price will rebound after the correction. It often happens that the price does not push off, but crosses this level down and goes some more distance. Therefore, we determine the first impulse wave and plot the Fibonacci grid, and the levels 23.6 and 38.2 will be the desired ones, from which it is preferable to open a long position.
opening a long positionon a rollback by Fibonacci levels
Sell entry points are searched similarly in mirror image. A Fibonacci grid is applied to the first completed impulse wave of a downtrend, and a horizontal line is drawn along its minimum. The optimal sell entry is located behind the resistance in the area of 23.6 and 38.2 Fibonacci levels. Thus, we will enter the market after a correction along the trend, when important price levels are broken, and this is a very promising entry.
opening a short position on a rollbackby Fibonacci levels
The next effective entry point is after the breakout of the trend line. If the price crossed the trend line and fixed behind it, then you need to wait until the price returns to the trend line. The trend line, which previously served as resistance in a downtrend, now becomes support - it is from it that you should open a buy position.
opening long positions on a rollback after a trend breakout
To get additional confirmation, you can apply a Fibonacci grid, which will show the level of correction. If the return to the trend line coincides with one of the key levels (23.6 or 38.2), then you can and should buy. If not, wait and see how the situation develops.
Opening short positions in a countertrend after a breakout of an uptrend trendline. The rules are the same as for the previous entry point, only in a mirror image.
opening a short position on a rollback after a trend breakout
3. How to open positions correctly when trading during a flat?
During a flat, the channel strategy is considered the best and the use of pending orders is practiced. After the price has marked the channel (it bounced off each wall of the channel at least twice), we can consider possible options to enter. To open a long position, we monitor the touch of the lower border of the channel, wait for the formation of a confirming bullish candle, and then open a long position. To open a short position, we wait for the upper wall of the channel to touch and the formation of a bearish confirming candle, after which we sell.
However, since there is a trend even during a flat on large time frames, channel trading will have to go against the trend as well. It is preferable to open a position from the border zone, above which the market is prone to growth, and below - to fall. This trade is only possible in the short and medium term.
opening a position from the border zone - after crossing the middle of the channel
Within the boundaries of the channel, the boundary line is the middle of the channel. Opening a position after the chart crosses the middle of the channel - buy when crossing from bottom to top and sell when crossing from top to bottom. The technique works for intraday trading and is absolutely not applicable for the long term, while the channel must be determined precisely on 4-hour or daily charts.
These simple rules for opening a position will allow you to find the most favorable forex entry points by simply analyzing the price chart with little or no use of forex indicators. Reasonable forex analysis is always much more effective than a mechanical approach.
Happy trading!
To earn on financial market Forex, it is necessary not only to predict the market mood, but also to choose a suitable entry point to the market. The value of the trader's profit depends on the correctness of the decisions. Definition suitable place for entry is made by market participants by various methods used depending on the current market situation.
With a competent attitude to trading, you can increase the income received by covering the entire movement, and not its separate part. How to determine a profitable entry point into the market so as not to miss the opportunity to earn?
The market entry point is a specific place on the price chart that corresponds to a certain value of the asset quote. It is characterized by price and time parameters. To identify a favorable place to open an order, apply various methods, which should be elements of a trading strategy used to predict market sentiment.
You can identify a favorable place on the chart, the entry on which will bring the greatest profit from the transaction, by analyzing the price chart of the selected trading asset, predicting further changes in quotes and identifying a point on the chart after which the price is more likely to continue the previous movement or change it. The decision to activate an order by a trader can be made immediately, and in some situations he needs to wait a long time for a signal. An incorrectly chosen place to activate an order can cause drawdowns, unprofitable orders and loss of profit.
Options for the best points to enter the market
When determining the entry point to the market, the main reference point is the important price levels of support and resistance. In any method, it is necessary to take into account the cost parameters of the asset, which has an accumulation of orders. Levels are formed under the influence of fundamental factors and are often a psychological price barrier, overcoming which causes difficulties on which you can earn. Having identified a potential entry point on the price chart in any way, it should be corrected taking into account the parameters of adjacent support or resistance levels.
Trend line trading
Trading with the trend increases the likelihood of a trade being profitable and minimizing the risk of losses. To determine the entry points, you need to build a trend line. In a downtrend, drawings are made on lower highs, and in bullish conditions, on rising lows. Entries can be made when the price touches the trend line in the direction of the main movement. In this case, you need to make sure that there are no reversal signals.
Figure 1. Trendline trading
Breakout trading
A breakout is defined as a price chart breaking out of a support or resistance level. It is always accompanied by increased volumes. It is necessary to activate an order to buy after the candle closes above the resistance level, and to sell - when it closes below the support level.
You can predict a breakdown with previously formed graphical figures or candle combinations, which can be used to draw a conclusion about the continuation of the previous impulse movement.
Figure 2. Trading on a breakout of a trend line
When trading on breakouts, it is worth considering the number of touches of the level price in the past period. The more there were, the greater the likelihood of a breakthrough. Market entry can be done in one of the following ways:
Figure 3. Entering the market when testing a broken price level
Counter trend trading
When determining entry points against the trend, it is necessary to focus on technical analysis tools. To make a decision, it is convenient to use indicators that allow you to evaluate:
- the main market trend;
- signs of a trend change;
- trend strength;
- finding the price in the overbought or oversold zone;
- phases of impulse or corrective movement.
A reliable signal that allows you to accurately determine the entry point is the formation of a divergence on oscillator-type indicators and comparing it with the nearest price level at which you need to place a pending order to enter the market. When working on lower timeframes, you can wait for a signal and make a manual entry at the most favorable market price.
Figure 4. Determination of the entry point against the trend movement
Exact entry points can be identified by focusing on graphical or candlestick analysis methods. important rules when opening countertrend trades are:
- use in the analysis of several tools for assessing market sentiment;
- comparison of signals with adjacent price levels;
- when making a decision, taking into account the location of the price relative to Fibonacci levels;
- entry only after confirmation of the fact of a release from the key level.
Flat trading
The movement of quotes of any asset occurs in accordance with the laws of wave theory. In accordance with them, after the price impulse of the global trend, a correction should be expected. A temporary change in trend is always accompanied by a flat. A corrective move may different structure. It can be impulsive or flat.
After analyzing the price chart, we can conclude that quotes most time change within boundary prices. In a state of trend, the market stays not so often. Most trading strategies are focused on making quick profits on the impulse price movement. However, traders have to wait a long time for this nature of the market condition.
Figure 5. Side channel trading
In order not to lose the opportunity to earn, it is recommended to master the methods of earning on lateral movements. The entry point in this case is determined by the price of the level, which is the boundary in the cost range of the channel. Additional analysis tools can be the middle line of the channel and Fibonacci levels. Trading in the Forex flat has a number of advantages, consisting in the predictability of the price behavior and in exceeding the profit of the stop loss by several times.
Patterns and graphic shapes
When dealing with the question of how to find a market entry point, one should pay attention to the graphic and candlestick analysis. By including their elements in your trading system, the trader gets the opportunity to identify pivot points or signals about the continuation of the trend. It is possible to predict the imminent completion of the trend by identifying such graphic figures on the chart as:
The continuation of the trend can be judged by identifying combinations on the chart:
To determine the ideal entry point to the market based on graphical patterns, it is necessary to wait for their formation. In this case, one should focus on the wave structure of the patterns. An impulsive movement cannot be completed without the formation of five waves, and a corrective one - three. When identifying a formed figure, you should compare the expected pivot point with the price level and evaluate the formed candle or candle combination. Login can be done in several ways:
- a pending order Sell stop or Buy stop, located several points below or above the extremum, in case of predicting the continuation of the market trend;
- a pending Sell limit or Buy limit order while waiting for a price reversal, placed at the price of quotes corresponding to the price level parameters;
- at the current price of the asset, which is relevant if the trader is sure that the pattern is completed.
If a trader does not understand how to look for an entry point to the market, which is important for beginners, then it is recommended to use the functionality of trading advisors. Their program code contains a certain trading strategy, guided by the signals of which the robot independently opens deals or gives alerts, according to which a market participant can enter at the current value of asset quotes.
For beginners, it is better to use expert advisors classified as scalping or piping, which is explained by the large number of signals for entering the market. Medium-term and long-term robots give rare signals, as a result of which the trader has doubts about their functionality, which provokes rash decisions. In addition, in order to trade on higher timeframes, you need to have a rather large deposit and work experience behind you, which eliminates the need for help to make a decision.
Fundamental analysis
The fundamental analysis of an asset is based on an assessment of production and financial indicators that characterize the economic position of the state. The information is contained in indicators that are constantly published in reports. You can get acquainted with their values in the economic calendar, the functionality of which is provided for the work of each brokerage company.
The moment of publication of economic information is always accompanied by increased market volatility. At the same time, the price may have a pronounced impulsive movement or make rapid fluctuations in the price corridor. Having correctly predicted the best place to enter, the trader gets the opportunity to quickly earn and get a rather big profit in just one transaction. Entry points for fundamental analysis can be determined before, during and after the publication of economic news.
When determining the entry point after the publication of the indicator, the trader needs to focus on its readings. A conclusion can be drawn about the growth of quotations if its previous value was worse than the published one. A decrease in the value of quotations can be predicted if the current indicator identifies a deterioration in the economic condition of the state compared to the previous period. The opening of a transaction can be made at the current price of quotations, immediately after the release of the news in accordance with its nature.
Figure 15. Fundamental analysis trading principle
In news trading, entry into the market is often carried out at the time of the publication of indicators. For this you need:
- open a chart of an asset that is related to the state for which news is expected to be released;
- place two pending orders Sell stop and Buy stop a few minutes before the event;
- set orders that fix profits and losses at the nearest price levels identified on higher timeframes.
At the time of publication, one of the orders is activated by an impulse movement. The opposite inactive position must be deleted.
When fundamental trading on rumors, it is supposed to evaluate the available information in the economic calendar about the assumptions of specialists regarding the values of publications. The entry point is identified in the same way as after the release of the news, however, when making a decision, the previous and predicted value of the indicators are taken into account.
In the course of the analysis, historical indications should be taken into account, according to which it is possible to draw a conclusion about the relevance of the figure displayed in the forecast. It should be noted that if the predicted and published values coincide, and before the release of the news there was a market movement focused on forecasts, then it is not worth entering the market after the event based on fundamental analysis. If possible, it is also recommended to remove pending orders if they have not yet been triggered at the time the trader was informed about the indicator values.
Every trader knows that the key to a profitable transaction is correctly noticed the moment to open a position. How to learn to find entry and exit points? In which direction to open trades to make a profit? We analyze all the nuances in this article.
What are entry points to the Forex market and where to find them
A competent definition of the moment of entering the market is the dream of any speculator. Before moving on to the analysis of methods and examples, let's understand the basic concepts.
Entry points are indications on the chart that give clues when you can open a trade and when not. Your income is directly related to the correct definition of such moments. The market situation allows you to determine the optimal period and make money on it. This is possible by analyzing charts and making predictions. It happens that the decision needs to be made momentarily, and sometimes it takes weeks to open a deal. Everything here is individual and depends on the personal style of trading and the chosen strategy.
How to find forex dots
Let's deal with the main question of traders - how to determine the right time and find points. Search rules:
These simple tricks will help you develop profitable algorithm. Just do not break it, do not give in to emotions and observe money management.
Methods for determining points
Methods for choosing the moment may be different. Traders work with patterns, Japanese candlesticks, various indicators, lines and figures. There are both simpler approaches and more complex ones. They will vary depending on:
- Timeframe;
- traded asset;
- strategies;
- personal preferences.
For example, you are a risky person and love fast trading. Then your tactic is most likely scalping. There will be their own laws for detecting points. But if you are a long-term investor who has chosen a trading style for longer periods, then the points will be completely different. Let's take a closer look at some of the options.
Trend directions
The trend trading is the most profitable on the market. There are bullish and bearish.
Bullish - ascending, built on the two nearest min, through which the straight line passes. The brighter the lows and the more obvious, the longer the duration of the trend. The timeframe indicates the strength of the trend. The longer the period of time, the stronger the developing trend in the market. In such a situation, the player receives a signal to sell.
Bearish - descending. Characterized by a continuous decline in prices and a sequence of three low lows and lower max. On the charts, bearish direction is a straight line connecting consecutive highs and a sell signal. To confirm the breakout, the minimum percentage of price change is indicated. Chart rises approaching the bearish line are a good opportunity to open trading positions in the direction of the main current trend. A bear market is developing a profit-taking zone for traders trading on short-term swings.
trend points
All forex signals can be divided into two categories:
- The entry signal can be detected and processed - the trend approach. Those. the purchase is closed after a signal to sell is received, and a short position is established before creating a deal to increase the price of the asset.
- The moments of entry and exit on Forex depend on trends, but are formed after a rollback.
One of the trend-based methods is to track the movement of the chart on different timeframes. A longer time frame indicates the direction of the price. Then, of course, you can study smaller time intervals. If the directions of the larger and smaller time intervals coincide, the entry point will be at the beginning of their joint movement. A well-known example of this phenomenon is ““. This strategy includes three timeframe charts and their analyses. In this case, the lower, current and higher timeframes are displayed. At the low point, a trade is opened for an uptrend. For descending - at the maximum point.
Channel trading
You can search for entry points in . How to build a corridor you can read on our website. You need to draw support and resistance lines and look for opportunities to trade near these levels. Open BUY positions at the bottom line, and SELL at the top. You can also use the breakdown of the corridor.
Forex reversals
A good way to enter the market at the moment of a trend reversal. It can be determined even visually or using special trend indicators.
If we are dealing with a reversal that has purely technical reasons (remember. One of them says that history always repeats itself), then special indicators will show us entry points.
But there are situations when a reversal occurs suddenly. This can be caused by various fundamental aspects (news, political events, etc.). In this case, it is worth estimating the number of points during a rollback. And if the rollback has grown, then open positions in its direction.
news and events
Economics form the basis. And as noted above, they have an impressive influence on the price direction. You can independently study and build analytics, or you can use special news indicators.
When the chart reacts sharply to some information, open a position in accordance with the trend (bullish or bearish). But this approach requires experience and, often, intuition. The quote reaction does not always behave exactly as speculators expected. There are many examples in history when investors earned impressive amounts due to fundamental aspects. Remember the legendary Soros? But an ordinary or novice player is hardly able to instantly determine the future prospects based on fundamental analysis. Therefore, it is still better for beginners to turn to other tools.
Point indicators
Using the tools of your trading terminal, you can receive . They are built-in (standard) or installed, paid and free. Your task is to choose from the whole variety those with which you are comfortable working. Here are just a few of the possibilities:
- « Moving Averages or moving average. Display sharp changes in the movements of the foreign exchange market. Moving average - the average price for a period of time at the time of opening and (or) closing positions.
- "Bollinger Bands". They are represented by three moving averages, one is the main one, two are offset. The upper and lower benchmarks indicate the price that is inside the axis.
- . It clearly gives signals, which are indicated by arrows, and calculates the level of setting stop loss and take profit.
In fact, there are a lot of indicators. And the choice will be yours.
All the methods mentioned in the article are only a part of the whole variety. But using this information, you can receive reliable signals and trade profitably. No one can give you a 100% guarantee that the situation will work out the way you expected. And all signals are just hints. The market is an unpredictable environment influenced by many factors. But a competent approach still allows you to make more positive transactions than negative ones.
Forex entry (market entry points) - basic trading strategies and trends
Entry points (into a deal) Forex
1. Entry points (to a deal) Forex
1.1 Forex trend trading
1.2 Breakout trading strategy
1.3 Working with the counter-trend (talking about entries)
1.4 Trading in a sideways movement (flat)
2. Forex indicator. When to enter a trade
3. Summary of the search for entries
There are many ways to find an entry point, each trader has his own tactics. Someone chooses at random, and someone uses their own strategy.
I bring to your attention 7 simple and effective ways to enter the market. These methods, despite their apparent simplicity, are among the best. These methods have shown themselves well, repeatedly proving their effectiveness in situations where other methods cannot help, making the trader doubt the adequacy of his decisions and giving false signals. These methods have been selected through the study of how to enter the market correctly, and the entry points described in this article work equally well in all markets: FOREX, futures and stocks.
1.1. Forex trend trading
Here it is best to enter the market using trend lines and support resistance. These are the most optimal points that allow you to enter the market with a high probability of success and a relatively small share of risk. It is better to use limit orders, and only occasionally - market ones, having good reasons for this.
//////////////////
Learn about.
//////////////////
We buy from the uptrend line at the moment of the third touch. An uptrend was defined when the price started to rise. We draw an inclined line up along two rising bases. The best entry point is the third touch of the price of the trend line - buy.
The figure shows well how the uptrend developed in the market. True, it failed to develop properly, so the closing was higher than the trend. This, in turn, means that the trend is confirmed and will continue. Those who had not yet managed to enter the market on the first day still had a chance to enter the growing market by opening a long position. True, the effect would have been much less.
But when using this technique, you should still find out in advance the price levels, which may vary. It all depends on when exactly the price will touch the trend.
True, this method also has its pitfalls. Namely, false punctures often occur when the price only creates the appearance of a break through the trend line, but in reality these are only test breakouts. True, on early stages it is very difficult to determine whether a breakthrough is true or not. To do this, you need to wait until the candle on which the breakthrough occurred closes and until the next candle starts trading. By the way, again let's pay your attention to the picture.
It clearly shows how the price made punctures of the trend line, but in the end, the close made it clear that in the future there will still be an up game. It always turns out that if the trend is strong, then the price will sooner or later return to it. It is for this reason that the situation often occurs in the market when the price at which the market closes is on the trend line.
At the same time, the probability that the Forex entry point will be correct increases significantly. And even if there is a breakthrough, the price will still fluctuate around this point for a certain time. By the way, when there is a strong downward price movement in the market against an existing uptrend, this does not always mean that the trend is changing. It's just that often at this time the bulls take up waiting positions. They are confident in their abilities and are not in a hurry to start the game.
//////////////////
You might be interested in reading the article.
//////////////////
Here we will enter the market when the price touches the downtrend for the third time. If you look from a different viewing angle, you can see that this point is a mirror image of the situation that was observed at point 1. It turns out that both the trader’s action scheme and the market entry point should be mirror opposite than those that were in point 1. That is, we need to sell assets when the price touches the downtrend for the third time. Moreover, you need to be able to determine the presence of a trend. To do this, a line is drawn along two consecutively decreasing price tops, which have already been built by the market.
1.2. Breakout trading strategy
Breaking through significant levels is considered more than effective way get revenue. Often this way associated with stop orders that are triggered directly on a breakout, which provides the opportunity to take a position at the beginning of a growing price impulse. It is better to use limit orders, and open a deal in the event of a subsequent correction.
//////////////////
Also read about.
//////////////////
We buy from the support between the penultimate high and the first Fibonacci levels of the last completed price move down. A rising market often shows an up price move that zigzags. In the first third of the trend, when it is indicated and the bulls go on the offensive, the bears are still quite strong.
Therefore, after moving up, they can reduce the price to the level of the penultimate maximum. Sometimes at the same time, the fall stops, and then a new upward movement follows. With a strong trend, the depth of decline is up to 23%, less often - 38% of the last fully completed price movement down.
It is in this zone that it is most preferable to enter the market to buy.
The figure shows that the most profitable decision would be to buy in the area between the high of 1 and the 23.6% level from the 1-2 move. In addition, focus on the 38.6% 1-3 move from top 1 has similar data to the 23.6% 1-2 move from top 1. At the same time, the 1-2 or 1-3 lines, which, in principle, , are similar, are considered as the completed movement. The 2-4 leg is a complete up move, while the 4 and down leg in the direction of the arrow is an incomplete down move.
Selling off the resistance between the penultimate low and the first Fibonacci levels of the last completed price move up. Everything is mirrored to point 3.
1.3. Working with the counter-trend (talking about entries)
Let's assume the trend is down. The price breaks the upper level (Fig. 3), fluctuates a little at the top, falls below the level again and again breaks it from the bottom up. The resistance level becomes the support level, so you should buy.
The figure shows how to open a long position from a downtrend, which, after the price has passed through it, has already become a support line. And even though the market went down after a while, the trader would still be able to make a certain amount of profit on a 300 pip move in the euro.
For reliability and to get additional signals confirming the breakout of the trend, you can determine the depth of correction using Fibonacci levels.
//////////////////
You may be interested in the article.
//////////////////
We sell from the counter-trend. The trend is up, the rest is mirror symmetrical to point 5. That is, in this case, we will sell from the countertrend. Opening a long position from a countertrend, which was previously positioned as an uptrend, and at the same time played the role of a support level, and after the price broke through this level, it automatically became a resistance level - this is a very correct and reasonable move.
This method is used by many professionals, as it is considered one of the most reliable and right ways occupying an advantageous position.
1.4. Trading in a sideways movement (flat)
Breakout strategies in flat do not work. But there is a rule that allows you to profitably trade in the corridor: if the price has risen to the middle of the corridor, the market has strengthened and is more inclined to further growth. If the price has fallen below the middle, the market has weakened and is more likely to fall further.
We buy if the price has risen above the 50% retracement, the middle of the last completed move. Sell if lower. Used for short- and medium-term trading. The analysis is carried out according to D1 or even W1. You can additionally use Fibonacci levels.
2. Forex indicator. When to enter a trade
Most traders, even ardent supporters of technical analysis, still use indicators to analyze the situation on the market. Some of them can act as almost ready-made trading systems, indicating the direction of entering the market.
All indicators used can be divided into 2 categories:
- auxiliary - are not used directly for the conclusion of the transaction. For example, using Fractal it is convenient to automate the construction of support/resistance lines;
— algorithms that give a clear signal to conclude a deal. Entry point indicators do not have to indicate on the chart the point at which a trader can make a trade, it is enough that there is a clear description of the conditions for entering the market.
Based on such algorithms, you can build a good trading system, and it is not necessary to look for exotic algorithms, standard MT4 indicators are enough. The main thing to remember is that each signal must be duplicated, and preferably not 1 time.
An indicator showing entry points can be a good help even for an experienced speculator, you just need to figure out how to choose them and how to work with them.
The first selection rule sounds something like this - “a good switchman is an understandable switchman”, i.e. indicator signals must be logically justified, and the algorithm itself is transparent and accessible for study.
The second criterion, which is no less important when choosing signal indicators, concerns the settings of the algorithm, i.e. they should be open for editing, and even better - provide extended functionality.
In principle, if you do not take into account some of the nuances that are characteristic of individual algorithms, then the two criteria considered are more than enough to choose a reliable indicator showing entry and exit points (reverse signal). If at least one condition is not met (i.e. either the formulas are not clear or the parameters are closed), you should not waste a second studying the Expert Advisor.
It is worth noting that many indicators that show entry points are most often built on the basis of oscillators or mathematical support/resistance levels (fibo, pivots, etc.), so it is recommended to combine the received signals with trend instruments.
//////////////////
It will be useful for you to read the article.
//////////////////
3. Summary of the search for entries
To make a profit on Forex, it is not enough to decide on a sell or buy order, you need to open a trade deal at the right time. The income from the transaction depends on the correct location of the entry points.
These are places on the chart where it is most expedient to open trades. They are determined using technical analysis. In this case, the trader decides which tools to use depending on his trading style, trading strategy and trading system.
There are many ways to find market entry points. Each of them is applied in accordance with a specific market situation.
It is from the entry points to the transaction that it depends whether it will bring profit or loss.