Understand the area where you are initiating a trade from

… what is the significance of the price area where you are initiating your trade? …

Look for a higher timeframe inflection points (strong S/R, trendlines, technical response, strong pattern formed, MA’s supports, candle formations) because they all counts. When things come together, get ready to MAN UP & SIZE UP! It might be a trade of the month.

source: smbtraining.com