/* */
Share on facebook
Share on google
Share on twitter
Share on pinterest
Share on linkedin
Share on email
Share on facebook
Share on google
Share on twitter
Share on pinterest
Share on linkedin
Share on email

Point and Shoot

Imagine a point on the chart, every trade starts a single point. This doesn’t mean we just point and shoot. Like a Marine sniper, we have to take in all the factors that could affect our shot. We also have to ensure we know, without a shadow of a doubt, who or where our target is.

With our point selected, the process is to collect evidence for and against taking the shot. The criteria will vary depending on the edge but in general we start to run through a checklist.

Trend

Volatility

Support and Resistance

Volume

The Tape

Price Action

Patterns

We start to ask ourselves where is the price coming from on multiple time-frames. We look for support and resistance that could help or hurt us. We look for patterns in the price action. We watch the tape, every little tick, until it’s time to pull the trigger.

Inspired? Subscribe to Trading Escapes!

We’ll send you the latest Trips, Reviews, Tips, Trades and more straight to your inbox, once a week.

Subscribe to Trading Escapes

Top Posts

Get live education from the world’s best trading academy.

Enjoy extra income, and gain financial security by learning this great profession with the Tradenet Day Trading Academy and Mentorship Program

What's Trading Escapes?

We are Day Trading to escape the ordinary day to day life in search of extraordinary experiences.

logo4 Brand
logo4 Brand

MORE ARTICLES

Michael Tyler

Wednesday FIRST30 Picks

We have selected the following stocks from the gap scanners to watch and trade our FIRST30 strategy. They are gap and go picks that we

Tiffany McIntyre

Skellig Rest Cottage

Skellig Rest Cottage is nestled in an elevated position on the Ring of Kerry overlooking Ballinskelligs Bay and the Skellig rocks; it is adjacent to

Michael Tyler

Insanity

Albert Einstein is widely credited with saying, “The definition of insanity is doing the same thing over and over again, but expecting different results.” As