CHAPTER 7

Strategies for Entry

The next step in selecting the best exchange-traded fund (ETF) is to identify the entry and exit prices that will provide the highest profit potential with the least risk (reward/ risk ratio). Unfortunately, technical trading is not, and can never be, completely black and white. Market dynamics are such that gray areas are constantly being created, which makes it necessary for you sometimes to use a bit of educated discretion.

Nevertheless, there are fundamental, tried-and-true strategies for pinpointing ideal entry and exit prices based on the chart patterns presented. In keeping with my philosophy of simplicity, the most profitable and efficient entries and exits are based primarily on trendlines, support, and ...

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