Most traders are trying to catch these breakouts and to make money on the accelerated price move. A so-called momentum trader places his buy-stop order just above the significant high. He is waiting for this high breakout. If the breakout didn’t happen, he cancels his buy-stop order and prepares for the next trade. If the breakout happens and his buy-stop target is filled, his trading platform automatically opens a long position.The same holds for a low breakout. Why traders are doing that? Download Forex Magic Breakout Trading Strategy
Sunday, 1 January 2012
Free Download Forex Magic Breakout Trading Strategy
forex trading outlook today Free Download Forex Magic Breakout Trading Strategy : Forex Magic Breakout Trading Strategy based on price breakout movement. And what is a “breakout” in forex market? A breakout occurs when the price breaks a significant high and makes a new high. This is the definition. Another breakout occurs when the price breaks a significant low and makes a new low. It looks simple.
Most traders are trying to catch these breakouts and to make money on the accelerated price move. A so-called momentum trader places his buy-stop order just above the significant high. He is waiting for this high breakout. If the breakout didn’t happen, he cancels his buy-stop order and prepares for the next trade. If the breakout happens and his buy-stop target is filled, his trading platform automatically opens a long position.The same holds for a low breakout. Why traders are doing that? Download Forex Magic Breakout Trading Strategy
Most traders are trying to catch these breakouts and to make money on the accelerated price move. A so-called momentum trader places his buy-stop order just above the significant high. He is waiting for this high breakout. If the breakout didn’t happen, he cancels his buy-stop order and prepares for the next trade. If the breakout happens and his buy-stop target is filled, his trading platform automatically opens a long position.The same holds for a low breakout. Why traders are doing that? Download Forex Magic Breakout Trading Strategy
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