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Please read previous post.... This is Part 2 Entry rules to SELL Let’s discuss where and how to open the sell order. The perfect moment for entry is the rollback to the first high (look at the picture below). This structure works as there are some so-called ‘big players’. To make a huge selling, they need an enormous number of buy orders to make their trades more profitable. The area between H and HH represents the zone of increased liquidity. Thus, there are many buyers as they believe in the further continuation of a trend.  The better way to enter is to use a pending order. First, you should wait for the formation of the lower low (LL). Secondly, you should place Sell Limit at the level of the first high (H).  Entry rules to BUY By the same logic, in the case of buying, the zone of increased liquidity is located between the first and the second lows (L and LL on the picture below). Here are a lot of sellers, who believe the downtrend will keep going. Some traders buy too early, some of them panic and close their orders, also most have Stop Losses in this area. Therefore, a big player sees a great opportunity to buy at this moment. What do we do? Enter with ‘big players’! Wait for the formation of the higher high (HH) and set Buy Limit at the level of the first low (L).  https://www.mql5.com/en/signal... Minimize risks Use Stop Loss Just to remind you, a Stop Loss is an exit order, which is used to limit the amount of loss that a trader may take on a trade if the trade goes against him.  In the case of selling, it’s a good idea to place Stop Loss slightly above the HH point. On the flip side, in case of buying – put Stop Loss just below the LL point.  Use Take profit Similar to Stop Loss, Take Profit order is an exit order. However, unlike SL that limits a trader’s loss on a trade, TP indicates a particular price at which a profitable trade will automatically close. In other words, TP is a profit target.

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