Mon. Oct 3rd, 2022

Fxtriangle | Market analysis | Managed trading

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Potential Trading Area

1 min read

The potential trade area is where you think you’ll have a foothold that you simply trade with a high probability of success, which reward/risk ratio is in your favor.

Potential trading area stands between current price and your entry trigger. This area is decided by whatever setup detection method you’ve got written in your Trading Plan. An example could be the crossover of two moving averages or price hitting resistance on a Fibonacci retracement level.

The only thing you would like to recollect is that it stands between the present price of the asset and your entry trigger. This is the world that needs tons of your attention and it’s recommended that you simply take a screenshot of it and store it for later comparison and research.

Storing it’s getting to be an ideal reminder why you entered the trade and what triggers you saw at any given time. So, as you’ll understand you’re getting to structure a system so as to possess a simple access towards all of this info.

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