Quote:
Originally Posted by yuhu
Hi there
I need some help with entering trade halfway thru the trend.
Is there any indicator that would allow you to enter half way thru the trend or re enter or the best late entry?
Sometimes, I missed the initial entry signal, and donot dare to enter without any confirmation from another indicator for re-entry,
Thank you for your help!
|
Well, I don't know what TF or pair you use (pairs moves in different ways and what is good for ones, not necessary aplies to others), but from 30 min. to higer TF (++) you can use good old stochastics with SMA. Example: in a 60 min chart U can use SMA 50 with stochastics with values tailored for the re-entry level U want. Other option can be the use of support and resistance lines (bouncing), pivots or fibos, or channels. Even the price closing above or below a faster MA. Many options depending your trading style. Do a little search in those directions.
Regards,