How to brake bad habit: Cut short on looser & let winner run
|April 17th, 2013, 09:04 PM||#11 (permalink)|
Futures Experience: Advanced
Platform: Firm's OMS, fxTrade, MetaTrader
Broker/Data: Equities: Through my work (firm.) Spot FX: Oanda, Pepperstone
Favorite Futures: US / Canadian Stocks, Spot FX
Posts: 23 since Jan 2013
Thanks: 3 given, 38 received
Looking for price rejection is key (retesting an area price didn't like, and looking for it to continue to not like it,) especially when trying to trade counter-trend.
Plus, and this is a HUGE plus, letting price test the area again gives you a clear and defined "out".