Not every chart needs a trade. Sometimes the job is simply to identify where the risk/reward starts becoming interesting. While screening for potential shorting opportunities, I came across this setup. The idea was to combine market structure + liquidity + imbalance + trend rather than short simply because price was falling. 🔍 What caught my attention? 1️⃣ Bearish structure Price had already experienced a strong decline and was trading below a downward-sloping moving average. That suggested that the broader momentum was still favouring sellers. 2️⃣ Equal High = liquidity above The Equal High marked on the chart is an area I would watch closely. Rather than assuming resistance will hold, I look at clustered highs as a potential area of buy-side liquidity. A move toward or through that area can become important when assessing a potential reversal. 3️⃣ IFVG — potential resistance The purple Inverse Fair Value Gap (IFVG) becomes the key area I'm watching. If price retraces into this z...
The 5 Basic Types Of Orders:
Market orders are designed to open a trade immediately at the best available market price. It can be used for both buying and selling. This Order guarantees that the trade will be executed, but the entry price can be slightly different from the last price quoted in volatile markets.
Limit Order is designed to open a trade at a specific price. It can be used for both buying and selling. This Order only guarantees that your trade will be executed at the desired price. For longs, the trigger price needs to be below the market price. For shorts, the trigger price needs to be above the market price.
Stop Order is designed to buy when the trigger price is above the current market price and sell when the trigger price is below the current market price.
Stop-Loss Order is designed to limit your losses and avert from potentially losing all your capital. If you're buying and the price starts to go down, the stop-loss order will automatically liquidate your position and minimize the loss.
Take Profit Order is designed to close a profitable trade and lock in the profits.
Do you know what is a Trailing Stop Limit Order ?
TRAILING STOP LIMIT
Traders can enhance the efficacy of a stop-loss by pairing it with a trailing stop
Trailing Stops Are Meant To Be Purely Based On Technicals
More Often Than Not They Are Used To Improve Trading Performance & Locking Gains
Using Trailing Stops Can Be The Difference In The Performance Of A Trader