Can you provide a BEST ENTRY Strategy?I'm looking for a BEST ENTRY strategy in SELL or BUY... my profit target is only 30 pips for entry.
I'm looking for a BEST ENTRY strategy in SELL or BUY... my profit target is only 30 pips for entry.
- 5 Answers
- In Forex Strategies
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- by
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- thegreeks
- 217 Views
- 1 year ago
Answers
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If you know the trend where the currency pair is going, and it is making a correction, you can use the double Fibonnacci entry set up. |
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I usually set my entry orders where support/resistance levels coincide with Fibonacci retracement levels. I take note of both psychological and historical support/resistance levels in the 1-hour and 15-minute charts to see where the price usually reverses. When these align with a Fibonacci retracement level, I've got a couple of technical indicators signaling that the price will reverse upon hitting that area. I don't think I could dub it the "best" entry strategy but it works most of the time for me |
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I believe if you learn Henry's trade the news you will learn a very good entry strategy, buy or sell, as he uses double Fibonacci for entry. |
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Since more then 95% of traders lose money, the best entry strategy probably is to be a contrarian. |

