Entry signals

[roy12]

What do you use for finding entry signals in your trading?

Is simple support and resistance and looking for trend breakouts enough?

What are you two cents would love to know?

 

[malaguti]

What do you use for finding entry signals in your trading?

Is simple support and resistance and looking for trend breakouts enough?

What are you two cents would love to know?

For me, breakouts work great. As long as the trend is right.

 

[Tradesight]

For me, breakouts work great. As long as the trend is right.

I agree with malaguti, breakouts are great entry points. If you are trying to catch a reversal, say after a meaningful decline, then breakouts won't work. When looking for a reversal entry I wait for price to cross over the 10ema (exponential moving average). I find that this technique works best when price closes back above the 10ema--this indicates a change in the short-term trend. The 10ema works well for many time frames from the daily on down to the 15 minute charts.

Good trading,

Rich