33% Locked In: Positioning Is Everything
33% Locked In: Positioning Is Everything
When the market drops 70 plus pips and then turns and rallies 70 plus pips within an hour, how do you prepare for that kind of volatility? Most retail traders (little guys like us) get lost the torrent and end up losing their shirts when this type of market condition is present.
We locked in 33% (66 pips) today playing this scenario
It all comes down to the “smart money” (i.e. big banks and institutions), as traders we have to understand how they think and act to trade in this kind of volatility and come out on top.
If we can identify what the whales in the market are doing, then we can comfortably ride the waves that they create. This our objective every day in our live trade room.
We trade in our live trading room every day Monday through Friday and offer swing trade alerts for those that don’t have the time to daytrade. My model is flexible to fit your trading style. Isn’t it time it time for you to get real about your trading career?
Join Forward Thinking today!
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Post Written By: Justin Burkhardt
As an active currency trader, my goal is to educate new and experienced traders alike to take advantage of the inherent volatility that exists in the Forex market.
My Objective? Winning trades. I implement strategies and tactics that help me to identify high probability trade set-ups. Approaching each trade with insight into the driving forces behind the market, I keep profit targets conservative. Long-term viability and volatility do not go hand-in-hand in this market. I strive to maximize reward while minimizing loss.
http://www.fxfocus.com
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