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Chapter 19, Part IV. Retracements and Reversals. Page 2

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 21, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
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    Pipruit: And what we can do at all?

    Commander in Pips: Well, speaking about potential position you can hold it, close and try to re-enter on retracement or close it totally. Depending on what price action will take place you will get different result. Also it worth to note here, that applying trailing stop order is not a bad idea when you intend to hold your position through retracement. But this is a bit o a personal issue – what to do with position. Better is to focus on the signs and properties to tell retracement from reversal. They are not absolute, as you understand, but still they will help you much to make right decision more often and not to fall in big losses.
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