|
| |
 | |
|
|
Currency Trading Information Channel |
 |
|
|
| |
|
| |
|
|
Currency Trading Information Channel |
|
|
|
|
|
Day Trading the Index Futures - How to Judge Good EntriesQUESTION: If the SP futures fall through support and go straight down for another two points, and I want to get short, should I a.) enter immediately, b.) two points below support, or c.)should I wait for a pullback and then try to get short? You've got to be patient enough to wait for entries that have two things: first - a high probability of immediate gain, and second - a small potential for loss if the worst happens and your hard stop gets hit. This principle applies to all entries, and it's useful to think about it when you're trying to decide whether to enter on a pullback or a continuation of a move. Entering on a pullback offers less dollar risk than chasing the market because you can place your hard stop on the other side of support or resistance and risk only a point or two. (Of course, this doesn't mean you're going to hang around and let the market hit your hard stop if things go wrong.) Entering on a pullback also gives you a better chance of gaining a point or so in the first 30 to 60 seconds of the trade. This is important, though very few people seem to be talking about it, perhaps it's a well kept secret. I rarely (almost never) chase the market. Here's why. Usually, if you chase the market for your entry, you'll get filled about the same time the crowd's emotion is exhausted. The market will pull back and you'll have to get out immediately (if you're smart). On the other hand, if you're stubborn and you don't get out immediately, you'll have to suffer through the pullback and *hope* that the trend continues before your stop is hit. If the market gets close to your stop, you'll be tempted to move the stop away just a little bit. Once you give in to the temptation, you've got an expensive trading habit that may eventually take you out of the business. Whenever you find yourself *hoping* that the market will come back and get you out of a bad position, you really have to head for the exits *now*. Don't even think about the commission, or all the time you spent waiting for the setup. just get out. QUESTION: What if there is no pullback? If the market breaks through support and keeps going down without a pullback, you just have to be a pro and let it go. All the lost opportunity in the world won't take your account balance down, but chasing high-risk, low-probability entries will cost you. Mike Reed is author of TradeStalker's RBI Trader's Updates. He has been trading the Market for 23 years. His support and resistance numbers have been published on the internet since 1996. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com Copyright 2005 Mike Reed
 MORE RESOURCES updated Wed. May / 12 / 2021Coinseed moved all of its clients' assets into dogecoin without telling them, new report says Markets Insider Emerging Trends in Digital Currency Trading Platform Market In-Depth Analysis & Global Outlook by 2021-2027 | Bittrex, Bit Flyer, BitMEX, Bitfinex, Kraken, ZBG, BigONE, OKEX – KSU | The Sentinel Newspaper KSU | The Sentinel Newspaper Why Should You Keep Forex As A Part Of Your Portfolio Paso Robles Daily News How can forex trading benefit you? Deccan Chronicle CFD trading vs Forex Trading Public Finance International Indonesia Mulls Tax on Crypto Trading Yahoo Finance Tremors in the currency market, fasten the seat belt Economic Times Best currency pairs to trade for beginners Capital.com NY Attorney General Seeks TRO Against Digital Asset Trading Company - Technology - United States Mondaq News Alerts 7 Reasons Why You Should Start Forex Trading Business MattersBusiness Matters How to Become a Forex Trader and Whether You Should Market Realist 8 Best Crypto Exchanges For Altcoins Bitcoin, ETH, and More: Top Cryptocurrency Trading Platforms Reviewed Miami Herald Common Forex Trading Mistakes You Need to Avoid London Post Citi plans to launch crypto trading services, report says Markets Insider An insight to currency trading for Australians Australian Times Japan shares lower at close of trade; Nikkei 225 down 1.61% Investing.com India Litecoin Climbs 10.35% In Bullish Trade Investing.com India Cryptocurrency- Hot or not The Times of India Blog Cardano Climbs 10.07% In Bullish Trade Investing.com India Emad Echadi and Michel Geurkink — Forex Fraudsters EarnForex News Fact and Fad about Weekend Forex Trading DailyForex.com 2local Is Entering into New Partnerships with Bitrue Exchange and Crypto Payment Provider Simplex Coinspeaker FX Traders Look Past Sell-Off In Stocks Investing.com India Trading Support and Resistance DailyForex.com Forex Trading Software Market to See Huge Growth | eToro, Trading 212, Avatrade, Plus500, XM Global Limited – KSU | The Sentinel Newspaper KSU | The Sentinel Newspaper Digital Currency Trading Platform Market Witness Highest Growth in near future| Leading Key Players: Binance, Huobi Technology Co.,Ltd., Coinbase Pro – KSU | The Sentinel Newspaper KSU | The Sentinel Newspaper What Is Forex Trading? Forbes Forex Trading – How Do I begin? - NuWireInvestor NuWire Investor Digihost Announces Deal With Northern Data AG Acquiring 10000 Bitcoin Miners and Increasing Hashrate by 925PH GlobeNewswire CME's Micro Bitcoin Futures Will Increase The Addressable Crypto Market Investing.com India Trading Lots and Other Eco-Friendly Forex Trading Strategies - Blue & Green Tomorrow Blue & Green Tomorrow India Financial Brokerage Market Report 2021: The Industry is Transitioning from a Transaction-based to a Fee-based Model Yahoo Finance Best Forex Trading Platforms In 2021 Yahoo Finance Charles Schwab Corp (SCHW) President and CEO Walter W Bettinger Sold $1.5 million of Shares Yahoo Finance Things You Need To Know Before Entering Forex Trading NuWire Investor A beginner's guide to Forex trading BusinessMole Forex Market: Unlocking Opportunities for Investors Visual Capitalist A comprehensive understanding of Forex trading The Portugal News 4 Ways to Make Money Through Online Forex Trading Gary Skentelbery Next Forex Trading Terms You Need to Know Before Trading North Forty News Trading via Currency Exchange Gary Skentelbery Forex Brokers: Are They a Scam? | Investing | US News - U.S News & World Report Money U.S News & World Report Money Most profitable forex pairs Capital.com Making Money By Forex Trading The FINANCIAL Best online brokers for forex trading in May 2021 Bankrate.com The Currency-Market Snoozefest Might Not Last The Wall Street Journal How to Trade Forex? - A Guide to Forex Trading in 2021 DailyForex.com GBPEUR Exchange Rate: The Week Ahead May 9th Pound Sterling Forecast
|
