Nice move into the order region giving traders a lovely short early session. Temporary tap and bounce for the long, but nothing significant as yet. Resistance here, needs to break above that 2320.

#redboxtraders #redboxes giving the perfect entry levels for the long scalps

TIP: The perfect entry -

Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late you're usually going to be the wrong side of the market. So use the bias and the red boxes, bullish/bearish above/below. If it breaks a level and that level turns into support/resistance, what's the worst that will happen? It will hit your SL, you just wait for the trend to confirm and go the other way, or, you wait for another entry with a SL in place. When the target is a long way away, your lot size is important, the RR will make sense even with a larger stop.

When you're scalping you're looking for the perfect entry because you're trading with a larger lot size to travel a shorter distance, almost like a sprinter, using all their energy to go 100m. A marathon runner needs to conserve their energy so will manage for the longer distance. Like scaling in, you won't get the perfect entry, if there is a target above and you're only looking to short the market use a smaller lot size to get into position for a longer capture

Traders will watch drawdown for weeks when the market is going against them, comes to scaling into a position and we don't like drawdown.

#kingoflevels Just discussing with the team, that was a retirement entry!

Step by step. Kings swing

Beautiful move and trade