Mar '25 • Trading Discussion 😎
📢Trading Tip - Confirmations
When taking a trade, it is important to understand that multiple confirmations can assist in potentially increasing the trade accuracy %. One way that we use multiple confirmations would be for example:
1. Range Bars Reversal(1st confirmation)
2. PSAR is confirming the trend
3. Trade Alert appears
4. RSI Above 70/Below 30
5. SuperTrend direction aligns
It is very possible that we may not see all of these happen all at once, or maybe only see a combination of some of them. It is then up to the trader to assess whether the trade is a high conviction trade or not.
This is something that comes with practice, time, and experience.
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📢Trading Tip - Confirmations
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