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Thread: When to exit the current trade position?

  1. #1
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    When to exit the current trade position?

    [lang=id]We will always think that "if we didn't close it then we will absolutely make a large deal of money in here."
    But sometimes we will just think like "if we didn't close the deal yesterday then i would have already lost quite a lot of money now."
    So what exactly is the right one in here actualy?
    Here it is!

    1. Make sure that our target already reached

    Just in case that any worst scenario happened in this business, we need to be satisfied only with the current profit we got anyway. If we just want to make unlimited profit then we will pay the price when we loss it quite big. SO if we reach the target better close it.

    2. Make a lot of research if we want to hold position

    Let's say that we are i losing position but we are very reluctant to close our own position in here, then we need to make a research first whether the current price is dangerous or not. Once we have deducted that current condition is bad, then we better close the loss before we loss even more in te end.[/lang]

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    Registered user lawners1791's Avatar
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    with the distinct on exacts of the points with the sl value those had with the chance as trader to work on maximizing the use on customs with the work of the evaluation of signals on referring less on risks to work of the requests on ordering market to complete of target with the terms.

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  3. #32
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    Quote Originally Posted by samprazaan View Post
    [lang=id]the traders need to have a good plan, and a good plan was created by their experiences so they knew for how to manage the business, enter and exit at the right point and also to handle some conditions where the market goes out from analysis, so as you said above that traders need to be a smart traders, yes, this is very important for them to keep going their business at forex trading[/lang]
    For this, it is correct that traders should have a good plan. But to me, the strategy of the trader would be the main thing to suggest where some factors are to be located in the market. For example the time of entering the market and the time of leaving the order at the same time. If the trader plans it with strategy, it would be good.

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  4. #33
    Registered user techboy's Avatar
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    Quote Originally Posted by cozard007 View Post
    For this, it is correct that traders should have a good plan. But to me, the strategy of the trader would be the main thing to suggest where some factors are to be located in the market. For example the time of entering the market and the time of leaving the order at the same time. If the trader plans it with strategy, it would be good.
    Trading is a 24 hours open market and there are certain time of day that market can behave differently and as a good trader it is important to learn and know different market conditions so that we can create an strategy that will suit best to different market situations especially for intraday traders.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Registered user lawners1791's Avatar
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    Quote Originally Posted by Vicko View Post
    1. Make sure that our target already reached
    yes with the minimum to closed as the system should knows of the running times on waiting to exit from the long sideways movement with the chart drawing. and the trailing stops work on helping of those with the running of scripting on modifying order attribution.

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  6. #35
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    Quote Originally Posted by techboy View Post
    Trading is a 24 hours open market and there are certain time of day that market can behave differently and as a good trader it is important to learn and know different market conditions so that we can create an strategy that will suit best to different market situations especially for intraday traders.
    Yeah, traders must capable to find out the best session and the best time for trading with current style of trading in order to maximize profit and minimize loss. Different condition of market will be different way to handle the market in order to take profit in that condition. Same condition will be different for different style of trading. Sideways is good condition for scalpers but it's not quite good condition for intraday traders (bad condition for news traders). So, it is important for traders to know the best timing to entry and exit point.

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  7. #36
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    Quote Originally Posted by andry777 View Post
    Yeah, traders must capable to find out the best session and the best time for trading with current style of trading in order to maximize profit and minimize loss. Different condition of market will be different way to handle the market in order to take profit in that condition. Same condition will be different for different style of trading. Sideways is good condition for scalpers but it's not quite good condition for intraday traders (bad condition for news traders). So, it is important for traders to know the best timing to entry and exit point.
    Honestly sir, what you have said might be true to some point, but in the exiting of the market mainly, if the trader is using the trading sessions to locate it, the trader might make a great mistakes, because the trading sessions is good to enter a trade, rather than using it to exit the trade, it might be an issue to the trader that way. Analysis makes the suggestion to the best exits.

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  8. #37
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    There are many ways to exiting in the market but personally I am using EMA 20 to exiting from the market for a good entry setup I am using couple of good indicator's which include moving average and zig zag pattern. But when I have to exit from the market then I use EMA 20 to check about the reversal of the market trend. Its much easier to check reversal of the market trend with EMA 20

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  9. #38
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    Quote Originally Posted by cozard007 View Post
    Honestly sir, what you have said might be true to some point, but in the exiting of the market mainly, if the trader is using the trading sessions to locate it, the trader might make a great mistakes, because the trading sessions is good to enter a trade, rather than using it to exit the trade, it might be an issue to the trader that way. Analysis makes the suggestion to the best exits.
    About the best way to exit from trading, it's depending on trader's analysis to current condition too. It's right that determine session is useful for entry point, if condition is same as your expectation then it's possible to exit position as your first planning. But if the condition of market is different with your expectation after entry point then you can consider to exit position in the safest timing. Entry and exit point must be analyzed. About session time is only first consideration to entry or exit point.

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  10. #39
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    We can't tell accurately when to exit a trade, but then in as much as we are exiting and we are having some real good money made from the trade then it is all good.

    However, this si the reason why we need to be good at making analysis and also having a risk to reward ratio that will help us know when to actually go out on a trade.

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    It's a excellent point that you simply ensure that the prospective is actually arrived at, this could a minimum of help to make the actual investor much better within feeling dealing with than simply giving up the marketplace prior to maturation. However towards the newbies, this isn't a simple point on their behalf, however as time passes, they'll possess the complete encounter to complete this simply because it's the correct move to make.

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