What Are Your Entry Criteria For Entering SD Trades?

Hello…

Recently I have followed you a month or so, read couple of articles, blogs, strategies, I feel very positive and feel like the content you shared across.

One thing I may seek for your advice is I do want to know more on execution detail of entering order with Demand Supply Strategy.

What are the condition/criteria you make in considerable for taking trade, from what I read a kind of large engulfing bar or pin bar on lower timeframe (eg. if we trade 1H time frame we look deeper into 15M or 5M chart), are there any sign that we should consider trade, also where would you place stop out (I placed a bit upper or lower of the zone) and profit taking point (I consider major demand/supply zone next to market).

Thank you in advance for your advice.

My Response:

When it comes to detecting large engulfing candles, I typically check the 1-hour chart, the 15-minute chart, or the 5-minute chart. You’ll usually find what you’re looking for on the 15-minute chart… but occasionally, you may need to drop to the 5-minute.

On rare occasions, when I’m confident about a zone, I might enter using a pending order.

But, more often than not… I just wait for the engulf.

For stop losses, my go-to strategy is to position them just slightly above the low of the zone or above the high of the zone, depending on the zone in question.

Taking profits can be tricky…

My main goal is to hold trades for as long as possible. If I were to set a target, it would be at a point where I anticipate a significant market reversal or retracement.

This could be a supply or demand zone (as it usually is), or it could be a point where I know the banks have placed a substantial number of their trades. I don’t close the trade the moment price reaches a zone; instead, I hold off and wait for the reaction first.

I hope you find these insights helpful.

PAN.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.