Wednesday, May 29, 2013
Thursday, May 16, 2013
USDJPY ready for bearish
USDJPY uptrend break at 102.50 on 4 hour chart. Then retraced back. It's time to short according to Mr. Hecotr de vil's trend collapse strategy. Other indicator for short is, candle create double top too.
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Wednesday, May 15, 2013
USDJPY time to short now
USDJPY uptrend break at the level of 102.40 and retraced back, now it's time to short. (Mr. Hector de will' trend collapse strategy)
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Sunday, May 12, 2013
NZDUSD long opportunity on 13th may 2013
There is a best long opportunity for long term traders in NZDUSD for next few days.
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| NZDUSD Daily chart |
Tuesday, May 7, 2013
AUD/USD long term trade 08/05/2013
AUD/USD has reached grate support level 1.0170 at daily chart. There is a nice long opportunity for long term traders.
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| AUD/USD Daily chart |
Friday, May 3, 2013
Wednesday, May 1, 2013
Tuesday, April 30, 2013
Stopping Losses with Stop Losses and Trailing Stops (Basic Mechanics)
Whereas market orders and entry orders are trade entries, stop losses, trailing stops, and profi t limits (described in the next section) are trade exits. While many beginning traders concentrate almost exclusively on entries, most intermediate and advanced traders eventually come to realize that exits are at least as important, and some say even more important, than getting the entries right.
In this section, only the basic mechanics of stop losses and trailing stops will be touched upon. Later, in Chapter 6 , in a section that covers risk management, the full meaning and nuances of using stop losses will be discussed.
Entry Orders (Basic Mechanics)
In contrast to the immediate nature of market orders, entry orders are pending positions whose purpose is to trigger when a certain price level is reached. These types of orders can be set to execute well ahead of time, and will only be executed if the specified price is reached. There are two primary types of entry orders stop entries and limit entries. In the retail foreign exchange market, the functional discrepancy between these two entry order types is largely semantic, and many brokers simply blur the differences by calling them both limit orders. But for those forex brokers that keep the delineation intact, traders simply need to learn and remember the defi nitions, which are as follows:
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