When you're long, you get out when the market stops buying and if you're brief,... well vice versa.
regards
When you're long, you get out when the market stops buying and if you're brief,... well vice versa.
regards
Now that is what is called K.I.S.S.Originally Posted by ;
that I think that it requires the noobs two decades and 2 blown accounts until this sinks in.
PS. www. Keep a close watch . When it turns it is going back to where you got in!
Roy
Thanks . I'm pretty sure it needs much more detail explanation to employ this method...Originally Posted by ;
Thanks Roy. No worries. I had my hard-stop place, even when I don't have it on the other hand.Originally Posted by ;
Exotic pair - considering that the price (a.k.a. RRR) is correct, I took this position...
WWW,Originally Posted by ;
even though the evidence is in the pudding, it depends largely on whether you use a possible trend.
Running the risk that I'm stating the obvious here (or that it sounds like a cliche), you buy following pull-backs in an uptrend and when the price has cleared this area (i.e. creating a new high), the pull-back low is going to function as trailing stop place. You can repeat this procedure until no new high occurs. Usually your position will probably get taken out in the level of your final monitoring stop and you are confronted with the choice to put on the contrary trade (and repeat the procedure from the opposite manner: Movements in down trend etc.).
regards