Trade_Setup
Education

High Probability Entry using Shoulders and Price Action

EUREX:FDAX1!   DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you begin to realize that you are wrong and have to start to look for the exits and minimize losses. In the example on the German DAX index , there were some great opportunities to sell (off the shoulders when sellers stepped in at lower levels and buyers were forced to bail) with a defined risk profile that paid out handsomely...if you are able yo define the key zones and when traders will be put under pressure. Hope this helps and Happy Trading....TradeSetup.
BY TRADERS FOR TRADERS - Expert Trade Analysis Directly to your Phone and Computer. Timely trade alerts…bringing opportunities to you faster!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out