Turning point entry timing
A turning point in most cases isn’t evolving from a down to up price movement. There is a sideways period, an entry zone rather than a specific price. Prices meander around for a period of time. It is obvious that, just because a certain price level has been hit, does not mean it is a good time to enter a trade. Unfortunately this is the most common methodology applied to the market. How to improve high probability turning point entry timing?
There is one rule of thumb:
there are more profitable trading systems for smaller time frames, that use early entries (at the beginning of the sideways period)
and there are more profitable trading systems for larger time frames, that use late entries (at the end of the sideways period)
We post both aggressive early and confirmed signals live in our telegram channel.
Bitcoin Weekly Chart – Second Leg Up:
BTCUSDT weekly chart as of January 31st, 2020
Second legs are more often than not the longest in duration and length. Length meaning price extension. Many larger time frame players enter a trade, if the time frame below their exposure time frame has a confirmed second leg entry.
Bitcoin Weekly Chart – Solid Support And Confirmed Break Out:
BTCUSDT weekly chart as of January 31st, 2020 b
The weekly chart above shows a breakout through the directional resistance trend line (A), which now has become support. It also illustrates the seven weeks support building base (B) near the US$7,000 zone. This support is cemented in addition by the double bottom spikes to the 0.618 fibonacci retracement level (C). Representing another layer of a supply and demand zone.
Bitcoin Monthly Chart – Turning Point Entry Timing And Breakout Entry Confirmed:
BTCUSDT monthly chart as of January 31st, 2020
With this month ending, charts show confirmation for a higher time frame long trade opportunity. If you trade higher time frames, trade longer term futures or use a cloud mining service, the first week of the month of February provides entry opportunity.
Turning point entry timing
There is no need to be the first who is pushing the entry execution button, if you are trading higher time frames. Just because the market hits a certain price level, does not mean it is the best time to enter. Quite the contrary, for longer term players the odds stack in favor waiting for prices to go slightly higher after the typical preceding sideways trading period.
Join our free Telegram Group :https://t.me/joinchat/HGe22hDDEEl0LvFGAgEZ9g
All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.
Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.
RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.
NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.