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All traders have their own trading process, but after they enter a trade they “expect” price to move/trend in the direction of their trade. they could expect price to trend just a few ticks if they are scalping. They could expect price to trend minutes or hours if they are a day trader. Or they could expect price to trend for days if they are a swing trader.
Each trader’s process must answer the following questions before they enter a trade:
1. what is the trend direction they are going to trade?
2. Where is the beginning of that trend?
3. How long do they expect that trend to last?
How do each of you answer these questions before you enter a trade?
thanks
toucan
Can you help answer these questions from other members on NexusFi?
i always trade with the trend
i try to enter a trade as close to the trend beginning as possible, if not, i will skip the trade.
i look for profits up to 2.5 times my risk
my trades usually last minutes
