5 Ways to Enter Your Trade 💡

Hey Prop Traders, here’s are some valuable tips, terms explained and prop firm news for January 14, 2025

✂️ BEST JANUARY PROP FIRM DISCOUNTS

• AXI SELECT 100% FREE FUNDED TRADER PROGRAM

• DNA FUNDED - EXCLUSIVE! BUY 1 CHALLENGE GET 2 FREE!

• APEX TRADER FUNDING 50% OFF FUTURES PROP

📈 PASS THE PROP TRADING TIPS

🚀 5 Ways to Enter a Trade 💡

Entering a trade at the right moment can make all the difference between a successful trade and a missed opportunity. While different strategies suit different trading styles, here are five popular methods to help you maximize your chances of success. Let’s dive in! 🌟

1. 💥 Breakout Followed by a Retest of the Former Breakout Point

A breakout happens when the price moves beyond a critical support or resistance level, often on strong volume. But not all breakouts stick! To avoid getting caught in false breakouts, wait for the price to retest the breakout level.

For example, when the price breaks above resistance, a dip back to the former resistance (now support) that holds strong is a golden entry point. A bounce off this level confirms buyer strength and offers a high-probability trade. This method combines momentum with confirmation—perfect for trend followers. 📈

2. 🚨 Break of a Significant High or Low

Breaking significant highs or lows often signals a major shift in market sentiment. These key levels, like the previous day’s high or low, are psychological battlegrounds for buyers and sellers.

When the price breaks through such levels with momentum, it’s a clear sign of strength (or weakness). For bullish setups, a break above a significant high shows buyers are in control, while breaking below a low highlights seller dominance. Pairing this with volume analysis or momentum indicators can make this setup even stronger. 📊

3. 🔄 Retrace to a Moving Average

Moving averages act as dynamic support and resistance levels in trending markets. A pullback to a moving average provides a “buy low, sell high” opportunity while staying with the trend.

For example, a retrace to the 20 EMA in a strong uptrend often signals the trend is ready to resume. Watch for confirmation, such as bullish candlestick patterns like pin bars or engulfing candles near the moving average, for an ideal entry. This method is excellent for trend traders who love catching momentum swings. 🔥

4. 📐 Pullback to a Fibonacci Level

Fibonacci retracements are popular tools for identifying where prices might pause or reverse after a strong move. Key levels like 38.2%, 50%, and 61.8% often act as magnets for price during retracements.

When the price pulls back to one of these levels and shows rejection—like a pin bar, engulfing candle, or strong bounce—it’s often a signal that the trend will continue. Adding confluence with support/resistance or moving averages makes this method even more powerful. 🎯

5. 🔃 Reversal at Key Support or Resistance Levels

Key support and resistance zones are areas where price often reverses or consolidates. To trade reversals, wait for price to approach these levels and look for signs of rejection.

Candlestick patterns like hammers or shooting stars, combined with indicator divergences (e.g., RSI or MACD), can confirm the setup. When these levels align with trendlines or pivot points, they become even more significant. A well-timed entry at these levels can offer excellent risk-to-reward opportunities. 💪

🌟 Final Thoughts

Choosing the right entry strategy can be the difference between a great trade and a missed opportunity. These five methods—backed by logic and technical precision—are not only reliable but also versatile, making them perfect for traders at any level. Whether you’re using breakouts, pullbacks, or reversals, these strategies provide the foundation for consistent and disciplined trading.

What’s even better? Any of these strategies can help you get funded with Axi Select, a unique funding program for traders. Unlike many other prop firms, Axi Select offers no restrictive trading rules, giving you the freedom to trade your way without worrying about arbitrary limitations. By mastering these entry techniques, you can build a track record of success and qualify for funding, unlocking the potential to trade with larger capital and take your trading career to the next level.

Happy trading! 🚀📈

Looking for a New Prop to Trade With?

TRADE REAL FUNDS WITH AXI SELECT

GET THEIR 100% FREE FUNDED TRADER PROGRAM

✅ First 100% Free Funded Trader Program
✅ Unrestrictive Trading - Trade News, EAs, Hold Overnight
✅ Your $500 Broker Deposit Can Be Traded and Withdrawn
✅ No Registration or Monthly Fees
✅ Earn Up to 90% of Profits, Trade up to USD $1 Million