Defining a Trade Setup
Beginner's Guide to Define a Trade Setup Hello Everyone ! On this Article I will explain the basics on defining and executing a Trade Setup. It doesn't matters if we are analyzing Forex, Futures, Stocks or any other instrument, the rules are the same and they work anywhere. An important step we must follow to document what are we doing is to write the rules in a way that anyone can understand and trade in the same way. As a suggestion, try to avoid long and complex conditions and try to differentiate the setup into these 3 different items : Entry Trigger A group of conditions that when all in agreement trigger an Entry Signal Filter Conditions A group of conditions that must agree to accept an Entry Signal Usually we can put all these conditions together with #1 Exit Trigger A group of conditions that when all in agreement trigger an Exit Signal. Any remaining position is closed when this happens. Examples of #1) Entry Trigger Fast Line crosses above S...