Of course, but if you've got an android devices, you can install cellular MT4 and watch the price movement .
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Of course, but if you've got an android devices, you can install cellular MT4 and watch the price movement .
One could hedge against the loss and shut to the position once the price comes backagain.
But that just postpones cutting loose the first position at a certain point... unless you are 1000% sure it comes .
True. Until the wi-fi gets pumped out by the power outage too. It happened to me after, I still cringe when I remember.
Don't trade news and not trade also big... then that's not so serious Matter
It is not a significant problem in the sense that it doesn't occur very often, but when it does occur it's quite unpleasant.
If you get out when market reaches the opposite end it's nevertheless a stop loss, no matter how you place it. You may have stops according to market requirements, but from what you explained, it pretty much sounds like you are employing stop losses.
I'm relatively new to this game, but have been working tremendously hard in research and strategies to try to be successful.
I'm reading these remarks with the utmost interest since lots of the trading opportunities I have traded have revolved around the use of support and resistance levels. My issue is that it seems very difficult to target a 2:1 RR when the stop loss has to be in a safe distance behind a resistance/support level, from range of a snare spike that would otherwise ruin a perfectly good commerce. Certainly, that space can be padded out by a little hedge trade? In other words, you're using your commerce stop reduction as a proxy to mediate the excess space for the trade stop reduction that is key, masking it out of stop loss runs and irregular snare spikes.
So, my case would be that you can go 60 pips over with your primary commerce's stop loss, which may be necessary in a volatile market. Hedge trade 30 pips over primary trade price (where under normal circumstances you'd set your reduction at or close to) using a take profit in 40 or so pips(if desirable, but could do a soft take profit). Hedge stop loss at break. Any hedge gains should consume the stop loss range claiming the 2:1 RR ratio. If the Hedge stop out at break your transaction that was planned is preserved, at which stage you may choose to correct the setup. I know it sounds kind of convoluted, but may do the job nicely to automate the procedure.
I will coin a new term - proxy stop reduction.
Which are your perspectives on doing this?
I proceed and take it if the transaction goes against me. Reenter if applicable. If you do get stopped and need to reenter-- big thing. With reduced leverage and a stop, that is hardly going to make a dent
Sure you can exchange without stop losses, but it's likely to take low or zero leverage. To exchange zero leverage:
Is USD likely to fortify for the remainder of the year? If you think so, go and change 10% of your savings then turn it back to your own home currency once the trend reverses. No stop declines, no margin, no leverage. Banks, hedge funds, private businesses, central banks and governments exchange this way. The sole risk of complete loss is if the USD (or whatever) goes bust, (but at the point you have not got a trading problem, you have a riot/mushroom cloud problem).
If you're trading with margin, you need stops. To use stops where you are wrong, you need to know. You need to realize what you are currently looking at, to know where you are incorrect. Garbage systems are an attempt to predict the market without knowing exactly what price is screaming in your face.
You can't forecast the weather if you don't know what you are searching for.
You can't fix a murder unless you know what you are looking for
You can't track an animal unless you know what you are looking for
You can't find dark matter unless you know what you are Searching for
You can't predict price unless you know what you are looking for
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