-
Here’s How to Reduce the Risk of Having a "False Entry"
Oftentimes a currency pair will give us a valid signal to enter a trade, we take the entry, and a few minutes or hours later we find that things are not working out according to our trading plan. The pair is moving in the opposite direction of our entry! While there is absolutely no way to know what might happen going forward in the market with any amount of certainty, there is a way to reduce the likelihood of taking a false entry signal. Let’s take a look at the Daily chart of the EURUSD pair below… We know this pair is in a downtrend since price is below the 200 Simple Moving Average (SMA) and, at the time of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 12, 2012 3:46am Apr 12, 2012 3:46am
- Guest
- | IP XXX.XX.144.163
- Comment #2
- Quote
- Apr 12, 2012 4:24am Apr 12, 2012 4:24am
- fx4max
- | Joined Jun 2010 | Status: Member | 4 Comments
- Comment #3
- Quote
- Apr 12, 2012 4:40am Apr 12, 2012 4:40am
- traderspi
- | Joined Oct 2010 | Status: Member | 6 Comments
- Comment #4
- Quote
- Apr 12, 2012 4:49am Apr 12, 2012 4:49am
- Guest
- | IP XX.XXX.246.245