ICT Mentorship Core Content - Month 5 - Stop Entry Techniques For Long Term Traders

ICTShark · March 27, 2024, 7:07pm

Notes

This entry technique is designed for higher time frames, i.e., for long-term traders. We will apply it to daily charts in our case.
If we want to enter a long position, then every time a new down candle is formed, we move our buy stop order to its open price.
If we want to enter a short position, then every time a new up candle is formed, we move our sell stop order to its open price.
The higher we get and the closer we get to the monthly and weekly objectives/PD arrays, the less likely it is that these candles will promote buying. We prefer to buy at equilibrium or below.
The lower we get and the closer we get to the monthly and weekly objectives/PD arrays, the less likely it is that these candles will promote selling. We prefer to sell at equilibrium or above.
If you enter a long position, your stop loss will be below the last swing low and the specific reference point described in the position trade management lesson.
If we have realized a partial profit and the market returns to our entry, which is now a confirmed order block, we can buy/sell again if we expect further movement in the expected direction.

Stop Entry Techniques For Long-Term Traders - Buying With Stop Orders