The Golden Region of Entry is a Low Risk Entry.
The following charts show you how to define the Golden Region of Entry in both Uptrends and Downtrends.
The Golden Region of Entry occurs at an area after point 4 when the price has pulled back between the 10-bar moving average and AbleTrend2. We wait for the price to resume the previous trend direction and we enter the market at that time. When prices reach point 5 we have confirmation of the trend.
No one can have winning trades 100% of the time. Sometimes a trade is wrong but we need not worry when we have AbleTrend2 stops to guide us. We will know very soon if the trade is right or wrong by observing whether or not prices break the Trend2 stops. If the stops are broken we can limit our losses by exiting the trade.
We cannot assume where point “5” is. We need the market to tell us when point 5 has formed. We must wait for blue or red bars to show up in real-time informing us that point 5 has formed. Assuming that it has formed is only our own opinion. The appearance of blue or red bars after point 5 tells us what the market is telling us about what it is doing. To trade successfully we need follow the market; not try to predict what market will do.
Here is an example of how AbleTrend can help to pinpoint the Golden Region of Entry, the Sweet Spot.
In the upcoming blog we’ll discuss Why Forecasting methods do not work.
The best way to learn a skill using trading software is by practicing it. Though the webinars and free one on one trading sessions will help you to prepare for actual trading on the live markets, it will not tell you how your psychology will react to the experience. This insight is gained only through experience, so give AbleSys trading indicators a try today. To get extra 10% off for AbleTrend 7.0 30-day trial, here is the code: WTMF10 (order online).
You may also learn more about AbleTrend on our blog: blog.ablesys.com
And watch archived sessions from our introductory and member’s webinar series:
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I welcome your feedback. Did you like today’s message? What other topics would you like to see? Please let me know at gracezh@ablesys.com
If you are an AbleTrend user this is a great time to share and introduce this great tool to your family and friends for the prosperity of 2016 and the years to come.
Happy Holidays!
Grace Wang
AbleSys Corp.
gracezh@ablesys.com