Forex movement news junkie


And so on, and so on. You get the point. Here are some basics. Movekent views. It is the ATR. You cannot set a stop without it in my opinion. If the trader set stops based on some round number that sounds good they risk too many stops or stops that are too wide and cause losses to be too large. Imho ATR based stops as a percentage of daily moves are the only correct way.I was reading a thread this morning where the trader had ten pip targets with one hundred pip stops.

This guy was trading OPM. A simple ATR study would probably show that once the market moved some percentage of ATR against his position forwx 30-40%) he should close. With a hundred pip ATR this trader might save himself some serious losses. This trader however has to win over 90% just to beat the spread. Big ben, Big dog, Asia channel, and opening range are a few of the popular variations on the theme.If your strategy works for you that is great, when a pair is ranging that is indecision, something similar to an inside bar.With experiance a trader will know when to trade the break out and then think as junkoe how many pips to go for.Rbe goodanging also happens frequently at certain times this is also a good time not to trade.

Be good. Poker and Trading are remarkably similar. Both pursuits are skill based speculation with a large short term luck factor. When you make bets in poker you are speculating that the large number averages are in your favor. forex movement news junkie There is very little luck in the game of poker over a long run if you are a proficient player. We broke out of our symmetrical triangle and now looking to go short.




Forex movement news junkie

Forex movement news junkie