The biggest challenge in 2018 is to remain focused. You must have discipline to remain focused when there’s so many company’s working so hard for your attention 👀
REMAIN FOCUSED IF YOU WANT TO WIN 🔥💯💪🏻🙏🏻
⚠️ FREE Live web class tomorrow
🕖 7/19/18 @ 7PM CST
🌎 Learn how you can start a Amazon Private Label business from anywhere in the world!
⏱ In your spare time
💻 with ONLY a computer
⏳⌛️ SPOTS ARE VERY LIMITED!!!
DM me for a link or watch my IG story
Teammate Tuesday shout out yesterday was one of our friend @shelbypjames - She and her husband Dalton locked arms with us and in the last few weeks they’ve earned over $400! 💵 They’ve been helping so many people here and bringing options to more families! Proud leader moment here!
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Link in Bio @_wealthy.lifestlyles_
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The 50% Entry Strategy
Just as we can sell a pin bar at a 50% retracement, we can also sell a bearish engulfing pattern in the same manner.
The Forex market has a habit of retracing 50% of these patterns, so why not take advantage of it?
Here is the same NZDUSD setup, only this time we’re taking a blind entry (one that does not require a price action signal) on a 50% retracement measured from the high to the low of the engulfing candle.
Note that in the NZDUSD 4-hour chart above, we’re taking a blind entry on a 50% retrace of the bearish engulfing candle that formed on the daily time frame. The high and low you see in the chart above represent the daily range of the engulfing candle.
One thing to keep in mind about blind entries is that while they can be extremely profitable, they aren’t nearly as probable as setups with price action as confirmation. This is because a blind entry has one less confluence factor at work versus a setup with confirming price action.
I don’t advocate the use of blind entries if you are just starting out. You’re far better off trading only
the setups that are confirmed by price action and working your way up to trading blind entries, if you so choose.
To learn more, check out my ebook the candlestick trading bible the link is in bio or send me a private message