Monday, March 18, 2019

You, probably, noticed that you want to place stop orders somewhere in the region of round price values of 1.00000, 1.10000, 1.20000 or 1.25000, 1.25500, implying that the price, having overcome a certain value, is likely to go further than it turns in the opposite direction. The more zeros in the quote, the stronger the psychological level of forex. But often such a strategy entails a loss or a shortfall in profits.

Then the question arises: where to place a stop order (stop loss or take profit)?

In my trading experience, I noticed an interesting tendency that the market is slightly frozen around 20-30-50-70% between numerical values of 1-100 or 1-1000., For example (on the USDCAD pair),



from MQL5: Traders' Blogs https://ift.tt/2HsZRTO

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