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athan00

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Posts posted by athan00

  1. well its true that most entry rules can also be used for exit as well. But lets try to be more specific using some real trading examples. Lets expose & explore some exit strategies here.

     

    One very good exit strategy is by using fib levels. Fib levels are a very misunderstood tool in the way they are used. They are very powerful if they are used correctly and they can promptly show you some very good exit levels.

     

    I ll continue my posts after a few replies and ideas...

  2. Suppose you get know the perfect entry for a trade and so you open it (lets say you go long) with a 10lots size order.

    What you dont know of course is how far the price will move... 1 pip? 10 pips? 1000pips?

     

    So how you handle your exits? When will you close the order? How do you handle/outsmart your "trading" fears?

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