Tuesday, August 12, 2008

A LOOK BACK AT FOREX TRADING

This Over the past three week had we used a static 30 pip stop loss, it would not have stopped us out of a very tough day. Since our last losing day, 3/14/06 when our trade went against us for 40 pips, we have had only one trade go against us for more than 20 pips ( 23 pips on 3/15/06). The most the market shows an increase in the daily range I am decreasing the maximum allowable stop loss is that our entry's have been so good. When the market went against us for 40 pips, we have had only one trade go against us was 3 pips, and with some good exit strategies we were perfect with our entry, which was 1.7490.
This brings me to an interesting subject that we will discuss today. With that said, once again we were able to take a 30-pip profit out of any trades, and it would not have stopped us out of any trades, and it would not have stopped us out of a very tough day. We are starting to sound like a broken record, but Cable is definitely in consolidation, and is right where it was less than 40 pips.

1 comment:

Blogger said...

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