When considering a chart for a trade, it might be helpful to look at conditions

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Eight Possible conditions for a trade


July 6, 2022

Hit and Run Candlesticks

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When considering a chart for a trade, it might be helpful to look at conditions to help with the final decision. I have found at least 3-5 conditions must be met.

Possible conditions:

  1. Is the trend in your favor for the chart you are considering?
  2. Is the market trend in your favor?
  3. Is support or resistance in your favor?
  4. Is the T-Line and price in your favor?
  5. Is the Trendicator in your favor?
  6. Is there enough room to make money?
  7. Are your indicators confirming?
  8. Does the risk & reward make sense?

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