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  • Should You Exit Your FX Trade On Strength Or Weakness?

    From dailyfx.com

    -Why Traders Neglect the Exit -Two Exit Approaches -Specific Tools for Both Exit Strategies “You can’t control what the market does, but you can control your reaction to the market. I examine what I do all the time. That’s what trading is all about.” -Steve Cohen, Hedge Fund Manager In my experience, the more years a trader has under their belt, the more attention they pay to the exit on their trade. It’s not that the entry isn’t important, it’s just that there’s a direct profit impact based on your exit. This article will breakdown two methodologies for exiting your forex trades so that you can ... (full story)

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  • Post #1
  • Quote
  • May 23, 2014 6:00am May 23, 2014 6:00am
  •  prashant7
  • | Joined Aug 2010 | Status: A M S | 46 Comments
The more years a trader has under their belt, the more attention they pay to the exit on their trade . for sure
 
 
  • Post #2
  • Quote
  • May 23, 2014 6:28am May 23, 2014 6:28am
  •  Pip Anon
  • Joined Jan 2013 | Status: Trading defies logic | 1,796 Comments
How about in profit?
 
 
  • Post #3
  • Quote
  • May 23, 2014 6:33am May 23, 2014 6:33am
  •  GDR3k
  • Joined Mar 2011 | Status: Bullish Behavior | 223 Comments
More dribble & slobber.
 
 
  • Post #4
  • Quote
  • May 23, 2014 7:58am May 23, 2014 7:58am
  •  Squeeze
  • | Joined Dec 2012 | Status: Member | 1,195 Comments
I genuinely don't know how that guy Tyler keeps down a job at FXCM. His article writing skills are negligible and the content is shocking.
 
 
  • Post #5
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  • May 23, 2014 8:09am May 23, 2014 8:09am
  •  namminh
  • | Commercial Member | Joined May 2014 | 19 Comments
too general.
 
 
  • Post #6
  • Quote
  • May 23, 2014 1:43pm May 23, 2014 1:43pm
  •  Guest
  • | IP XXX.XXX.29.155
Your trading plan would have "THE BIG DEE"
Direction......... Entry......... Exit......
You have take profit levels in the plan also.
As you can tell I trade with the trend and I have a plan.
 
 
  • Post #7
  • Quote
  • May 24, 2014 1:23am May 24, 2014 1:23am
  •  galexandr
  • | Joined Apr 2014 | Status: Member | 48 Comments
Previous to reading the article, one, I exit trades 65% of the time on strength, 35% of the time on weakness. It is simply how it works out, in my plan entries/exits are planned. Markets generally suggest entries/exits, we are all reactionary members of this stage.
 
 
  •  Guest
  • | IP X.XXX.72.122
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  • Story Stats
  • Posted: May 23, 2014 3:57am
  • Submitted by:
     Newsstand
    Category: Educational News
    Comments: 7  /  Views: 2,433
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