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✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.c... ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! How to Filter Good & Bad Entry Signals using Previous Days Price Action http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Using the position relative to prior day's range to act as a filter. This is one for the swing traders that are going to use a day trader's entry to hold a position for multiple days, weeks, months..etc But the entry is from a day trading perspective. The prior day's range helps to give us a filter to narrow down the kind of trades we are looking for. Using the Previous Days Price Action to Filter Good & Bad Entry Signals. If you're in a trending environment you might want to add some filters and we're above the high you might decide to only look for long trades because we now believe that we have some strength back in the market. The point is that you filter out short trades. Vice versa if you're in a range trading environment - above the high you might want to align yourself with short trades. This might prevent you from getting onto trades that aren't really great trades to be involved in... You can also use indicators like ATR as a filter to help guide you further. The point is - it is powerful to use the previous days price action to frame the next day's trade to stop you from taking substandard trades in noise, to stop you getting involved in things that aren't yielding the highest profit probability and to just align yourself with the market conditions. The point here is that it is feasible to utilise the previous days price action to frame the next day's trade to stop you from taking on bad trades in noise or stop you from taking on trades that aren't optimal and to simply align yourself with the market conditions. ✅ Our channel sponsor for this month are TradeNation meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. TradeNation offer both MT4 as well as an exclusive web-based platform, CoreTrader 2. Sign up with TradeNation: http://www.financial-spread-betting.c... 📜 Disclaimer 📜 69.9% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.