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Strategies & Market Trends : Forex Forum

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To: fut_trade who wrote (4)6/18/2002 2:33:11 AM
From: Defiant  Read Replies (1) of 50
 
I primarily use a technical trading system which signals entry and exit points. Usually, my indicators get me in and out of a position from anywhere between 12 hours to 2 days. So you would call it position trading. I also do scalping. For my position trades, while the return to the upside varies, the downside has usually been rather limited. I set my stops anywhere from 50 to 100 pips below my entry. It really depends on the volatility in the market, what types of catalysts/events are going on in the banking world or politics, and also my general risk tolerance instincts that are constantly calculating the risks to the rewards. That is the strategy that works best with this particular setup. For my scalps or daytrades, it is much tighter. Anywhere from 10 to 25 pips. Again, in both scenarios, it really depends on what my indicators are showing me.

Defiant
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