Hi Everyone, Hi Vahid,

i have a question which i hope you can answer and that it is not trying to jump the gun. I have learnt so much from yourself and other members of this board, and am still learning and know that I still have so much to learn. The post is with regards to the entry of a trade. I am know understanding the use use of multiple time frames and know consult the weekly down to the 4 hours in order to gauge the major direction of the market. I am slowly getting better at placing support and resistance, i use the line chart initially and then place the lines for support and resistance before going back to the candle stick chart. However beyond this point i am unsure as what to look for next? What is the process you go through to then decide to take the trade as sometimes, during a breakout or test of support or resistance, you take the trade whilst other times you suggest it is not the right time? I understand that you wait for the candle to complete on the 4 hour, most times, and that price may get away to far from ideal entry and therefore, the risk to reward is not good. What else should I be looking at, price going through the middle bollinger, touching the lower band etc

i know you look at candlesticks and bollingerbands and have read your articles on them. I still have lots to learn about candlesticks and kind of understand bollinger bands but I am unsure as to when and how you should take the trade depending on where the price is in relation the bands and what basic candlestick patterns to look out for. Hope this makes sense as i like to follow a process even though technical analysis is a bit of an art.

With regards to money management and risk, great articles and am know trying my best to follow them to the letter

Many many thanks

Sandy

Hi Sandy,

There are some cases that we do not enter when we see a breakout. For example when we see a breakout on the one hour chart but the bigger time frames are strongly against the direction of the breakout. I try to explain why we don't take the position when it seems it is time to.

hi Vahid, thanks for your prompt reply and appreciate your answer.

I think my confusion comes in when we are looking for breakouts and support using trendlines. I am unsure as to how bollinger bands and candlesticks then fit into the picture? how do we then use them to increase our odds?!

Regards

Sandy

Hi Sandy,

I think this is what I talk about on a daily basis on all the reports. I really don't know how to give you a short answer here that satisfies you. We use candlesticks and Bollinger Band when they help us to take a trade with more confidence or when they show a red flag and prevent us from taking a wrong signal. I refer to candlesticks and Bollinger Bands signals almost on all of my reports.

Hi Vahid,

thanks for taking the time out to answer my question, it is as always, much appreciated

Thanks

Sandy