[ant]

In general, I use market internals to monitor a market for strength/weakness as price approaches a key support/resistance level before I enter a trade. That is, I use market internals to confirm most of my trades. I would like to explore some trade setups that would allow me to enter a trade ahead of time without requiring further confirmation. So...

Under what conditions do you feel comfortable placing a buy/sell order ahead of time and letting the trade trigger when your stop is hit without further trade confirmation? For example, do you identify major support/resistance levels that you feel you can simply enter a trade there if the level is hit? I would be interested in hearing from traders who do this as part of their daytrading or position trading portion of their trade plan. I'm currently working on my swing/position trading program of my trade plan and would like to better understand when it is feasible to do this (e.g., trading breakout, S/R, retracements, etc). Thanks.