Use This Trigger For Entry

After analyzing the market direction and getting the results of the analysis, the next step is to wait for confirmation or triggers that appear to strengthen the trader's entry. The use of this trigger will minimize the trader's entry being exposed to floating for too long.

Triggers are events that meet the criteria for initiating a transaction, usually market conditions, such as fluctuations in the price of an index or security. Triggers help traders automate the entry and exit strategies of traders too early, too late, or doing traders they shouldn't. Traders need real time triggers to let traders know that now is the time to act. Before trading, traders can have one or more decision zones, after that be patient and wait for the price to reach those zones. Once the price reaches the zone, traders can look for triggers and confirming patterns, i.e. when price action confirms a breakout and bounce. Confirmation patterns are candlestick patterns that suggest traders place positions following the direction of movement according to the pattern that appears or confirming a certain price direction in the decision zone.

Trigger trades can be thought of as lines in the sand that determine exactly when a trade will be entered. Unlike filter trades which can cover multiple factors, trigger trades tell the trader exactly when to act. Trigger trading should be strictly objective and clear in the trading plan. There should be no room for ambiguity.

Trading triggers can be based on a variety of conditions, from indicator values ​​to crossing price thresholds, such as support or resistance levels. Many traders use technical analysis tools, such as indicators, to determine high probability settings in the market.

The indicator can provide objective trade entries as precise thresholds can be easily set. Examples include events such as "enter long positions when stochastic 5.3 reaches level 30;" or "enter a short position when the true range average reaches the 0.5 level." The filter will provide the settings for this trade; level indicator will give a trigger.


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