Trading Tactics Or Forex Scams: “surfing Tactics” Final Part
What if I have closed a position and the price was developed and has gone again to the same party (where there was an opening)? If the signal of opening has remained – again I open a position. If it isn’t present – I wait for the next signal.
Many traders will consider this algorithm of actions “pipsing”, and it is vain. It is simple technology concerning safe start. What does “pipser” in a situation when the position gives 3 – 5 points? He simply closes it. Here is another matter, here – fast and immediate reaction in cases when the market doesn’t confirm our statement. But our purpose is not some points and some tens (at least).
2 stage. An abruption.
After mark overcoming in 15 points of a profit I put stop on +5 points, and I wait for development of the further events.
3 stage. Ascent.
After overcoming of a mark of 25 points, depending on market volatility, I or close a position (at flat) as 25 points in day are enough for deposit doubling for a month of work, or if the price confidently enough moves in a direction of growth of profit, “trailing” stop through each 10 points on distance 30 – 50 points. The choice of concrete distance depends besides on character of behavior of the market.
When to close a position? At all these stages it is necessary to remember three rules of immediate closing of a position. So I close a position if it, of course, reached the third stage when the signal on position opening in an opposite direction is developed, or day comes to an end. Thus, of course, it is possible to open in other party. I, when the plan of day “under the profit collecting” am executed, I pass to others, quieter, to employment. As Japanese speak: “good luck should be fed up”. Usually at me the first transaction is profitable, the second is unprofitable, also it is necessary to work all the day long then that as that to amend situation. So what for? Just to get the necessary experience.
Due to troubles in the world economy Foreign Exchange market is a very popular way of making money. Those who are searching for productive strategy, might be interested in managed forex account. But please it’s important that you read about forex trading scams before going into forex trading.
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