Exiting a trade ~ forex trading hours easter 2015
Exiting Strategies: Targets
Support and Resistance levels
1 Short trades look for recent levels of support. Place your pips a few pips above these areas.
2 long trades look for recent levels of resistance. Place your pips a few pips below these areas.
Exiting Strategies: Dynamic
Trendlines
Short trades, use a trendlines across the top of the price. Draw it as tough you were looking for a long trade. Close short when price closes across trendline.
Long trades, use a trendlines across the bottom of the price. Draw it as tough you were looking for a short trade. Close long when price closes across trendline.
Moving Averages
Short trades, close trades when you get a bullish cross of 2EMA over 5 EMA.
Long trades, close trades when you get a bearish cross of 2EMA under 5 EMA.
Divergence
Short trades, when bullish divergence shows up, close the trade when you get a bullish Stochastic crossover.
Long trades, when bearish divergence shows down, close the trade when you get a bearish Stochastic crossover.More info for Exiting a trade ~ forex trading hours easter 2015:
