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The Complete Confirmation Entry Breakdown – July 15th 2014

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One of the most important aspects of trading is when to enter the market. For years I’ve preached the confirmation entry. This entry technique has been central to my trading for years and it suits those learning to trade forex as well. One major problem that plagues new traders is the inability to consistently execute a plan. Because there is discretion in the entry technique being used they struggle to implement it consistently. The reason the confirmation entry works so well for those with this problem is that it is mechanical. Now I don’t believe you can make every aspect of trading mechanical. The reason EA’s always fail is because they are 100% mechanical. I do however believe you can make the entry trigger mechanical and that is a major step towards consistent trading results.

This video is just over an hour in length. For all those traders searching for the “learn to trade in an hour” or “become a profitable trader in a day” type trading strategies….market manipulation and Day Trading Forex Live is not it. For those interested in a time tested strategy that has been used for years to create profitable traders then I know you will find this training video useful. It is important to note that the confirmation entry must be combined with what we term as high probability manipulation points. In the daily market review for members I list these points each day. As I looked through the site I wanted to find some concise training on picking manipulation points….when I couldn’t find it I realized what next weeks training will be.

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Happy Trading,

Sterling

Special Lifetime Membership Discount:  Lifetime Membership to the Forex Bank Trading Course, Forex Forum, Nightly Video Training, Live Weekly Training session, and Lifetime Member Support at a special discount this month – Click Here For More Information.

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5 Comments

  1. Cor
    Cor July 25, 06:38

    Hi Sterling,
    Clear explanation about confirming candles.Helps me a lot.
    Question:
    The mentioned 15 pips rule (the minimum retrace) is that valid for every pair?
    Looking at f.i. the EJ, this pair has mostly a very small candle spreads.The 15 pip is compaired to this pair huge.

    Reply to this comment
  2. Check
    Check October 14, 20:16

    Hi Sterling, all these confirming entries, what time frame should we use?
    Thank you.

    Reply to this comment
  3. Tony
    Tony September 14, 16:28

    I would really feel like I missed a good trade on the gbp there because it did reverse although not fitting the entry criteria. I definately see the point of the filtering process u describe for keeping u out of bad trades but wasn’t that a piercing candle setup at a confluent level. Do u have any more aggressive entry strats?

    Reply to this comment
    • Sterling Suhr
      Sterling Suhr Author September 15, 10:39

      Hey Tony,

      It’s important to remember that we are not going to catch every trade or every turning point in the market. You have to remember that if you don’t use the filter you might catch some more good trades, but you will also catch a lot more losers. IMO you have to use some type of entry filter around the manipulation points we teach. It gives a much more reliable setup.

      -Sterling

      Reply to this comment

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