officejax currency trading information

Channel



Ad your free banner at www.AdViews.info

 

Day Trading the Index Futures - How to Judge Good Entries


QUESTION: If the SP futures fall through support and go straight down for another two points, and I want to get short, should I a.) enter immediately, b.) two points below support, or c.)should I wait for a pullback and then try to get short?

You've got to be patient enough to wait for entries that have two things: first - a high probability of immediate gain, and second - a small potential for loss if the worst happens and your hard stop gets hit. This principle applies to all entries, and it's useful to think about it when you're trying to decide whether to enter on a pullback or a continuation of a move.

Entering on a pullback offers less dollar risk than chasing the market because you can place your hard stop on the other side of support or resistance and risk only a point or two. (Of course, this doesn't mean you're going to hang around and let the market hit your hard stop if things go wrong.)

Entering on a pullback also gives you a better chance of gaining a point or so in the first 30 to 60 seconds of the trade. This is important, though very few people seem to be talking about it, perhaps it's a well kept secret.

I rarely (almost never) chase the market. Here's why. Usually, if you chase the market for your entry, you'll get filled about the same time the crowd's emotion is exhausted. The market will pull back and you'll have to get out immediately (if you're smart). On the other hand, if you're stubborn and you don't get out immediately, you'll have to suffer through the pullback and *hope* that the trend continues before your stop is hit. If the market gets close to your stop, you'll be tempted to move the stop away just a little bit. Once you give in to the temptation, you've got an expensive trading habit that may eventually take you out of the business.

Whenever you find yourself *hoping* that the market will come back and get you out of a bad position, you really have to head for the exits *now*. Don't even think about the commission, or all the time you spent waiting for the setup. just get out.

QUESTION: What if there is no pullback?

If the market breaks through support and keeps going down without a pullback, you just have to be a pro and let it go. All the lost opportunity in the world won't take your account balance down, but chasing high-risk, low-probability entries will cost you.

Mike Reed is author of TradeStalker's RBI Trader's Updates. He has been trading the Market for 23 years. His support and resistance numbers have been published on the internet since 1996. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com Copyright 2005 Mike Reed


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Mon. December / 18 / 2017

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Asia Times

Central bank targets illegal currency trading platforms | Asia Times
Asia Times
The Jinan Branch of the People's Bank of China has released a list of 40 online platforms suspected of conducting illegal currency trading. Non-bank payment institutions have been ordered to immediately stop providing digital payment solutions to these ...

and more »


Irish Tech News

Why crypto currency trading is a hybrid of Forex and equity trading, Dmitrij Pruglo, Covesting Founder
Irish Tech News
I entered the Forex and equity trading market more than 15 years ago. I was a newcomer but the idea of capitalising from the financial market attracted me. Moreover, with a good internet connection, one can trade from anywhere in the world so basically ...



Business Insider

Coffee makes a surprisingly accurate analogy for currency trading
Business Insider
Latte euro cafe money cash A five euro note lies next to a cup of cappucino at a cafe in Vohenstrauss, Germany, January 2, 2002 on the first business day the new currency was in public use. Twelve European nations have adopted the euro as their ...



Guardian (blog)

Digital currency trading is gambling, says NDIC
Guardian (blog)
From the nation's deposit insurer- the Nigerian Deposit Insurance Corporation (NDIC) came another strong warning at the weekend, for those allured by the high gains promised by promoters of digital currencies, saying that it is meddling with ...



ABCmoney.co.uk

The Past, Present and Future of Currency Trading
ABCmoney.co.uk
Currency trading has been around for a long time, but modern currency trading only really began in 1972 when the Bretton Woods Agreement was effectively ended by the then United States of America President, Richard Nixon – Bretton Woods in New ...



BusinessAMLive (press release) (blog)

Bitcoin, other virtual currency trading thrive where authorities frown against most
BusinessAMLive (press release) (blog)
Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down. Somewhere, Satoshi Nakamoto is smiling. After all, avoiding bank and government oversight, and ...

and more »


City Index

Bitcoin Trading
City Index
Bitcoin is a decentralised cryptocurrency or peer-to-peer digital payment system which is used as a method of investment as well as transaction for other currencies, services or products. Initially launched in 2009 by an anonymous internet user or ...
Bitcoin Might Be A 'Bubble' But Digital Currencies Are NotForbes
Could Bitcoin Price Reach Even Greater Heights Still in 2017?Bitcoinist

all 796 news articles »


Business Standard

An Indian spot currency trading platform
Business Standard
Bhargavi Zaveri & Radhika Pandey On October 12, 2017, the Reserve Bank of India (RBI) issued a discussion paper that proposes to establish a spot currency trading platform and allow retail consumers access to it. Today, retail consumers are largely at ...



Markets in Risk-On Mode but Currency Trading Subdued
Action Forex
Markets are generally back in risk seeking mode. Major US indices ended in record highs as DOW gained 0.69% to 23590.83, S&P 500 up 0.65% to 2599.03 and NASDAQ rose 1.06% to 6862.48. Asian markets follow with Nikkei gaining 200 pts in initial trading ...

and more »


Economic Times

US regulators warn of bitcoin futures dangers - The Economic Times
Economic Times
The US Commodity Futures Trading Commission issued statement on "risks of virtual currency trading”
U.S. watchdog outlines digital forex commerce exemptions | Kaplan ...Kaplan Herald

all 4 news articles »

Google News

     Large inventory of office cubicle and partitions walls for sale in Northeast Ohio

     Find home remodeling contractors Akron Ohio

Search for estate sales in Akron Ohio

Click here to
OfficeJax free ad space available here improve pagerank with a free one way backlink

 

Find used office equipment in Ohio at www.OfficeJax.Has.It

www.Akron.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Flea Market World

Free Automatic Link Exchange

Akron City directory

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

Anonymous and Confidential U.S. Mail Drops - No ID Required reship worldwide

Click here to
post your free classified ad here free advertising and one way backlink
Free one way backlink

 

officejax surplus office furniture outlet Akron, ohio

[Back to Top]

 

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

best tips and home remedies

Akron Mortgaging and refinancing

Akron currency trading

Page Ranking Icon

 

Home | Site Map
© 2012 All Rights Reserved

 


currency trading forex currency trading online currency trading foreign currency trading currency forex learn online trading currency forex online trading currency day trading currency trading system forex currency trading system currency privateforextrader.com trading currency exchange trading e currency trading currency foreign privateforextrader.com trading book on currency trading currency trading broker currency trading software day trading forex currency currency ireland trading online currency trading system currency future trading day trading for the currency market online foreign currency trading fx currency trading forex currency trading beginner forex training course currency trading currency day system trading currency trading course 4x currency trading currency trading tutorial currency trading information foreign currency exchange trading currency global in market trading started in currency trading commodity  currency trading trading the global currency market international currency trading course in currency trading automated currency system trading foreign currency trading software currency trading strategy currency forex learn trading currency make money trading currency trading signal currency option trading currency forex market trading currency trading made easy chart currency trading currency trading  tip currency foreign forex trading currency demo trading currency trading forex spot rate learn currency trading basics currency trading currency trading for beginner forex currency trading broker currency electronic trading currency game trading currency exchange foreign  forex trading interbank currency trading practice currency trading currency forex fx software software software trading free trading currency guide tool online currency forex trading currency news trading best currency system trading currency trading account currency currency forex forex learn online online trading online currency trading strategy currency trading platform currency forex learn online online trading trading currency trading training company currency exchange foreign trading company currency forex trading currency euro trading currency forex trader trading automated currency trading currency foreign system trading currency market trading currency option trading system currency trading seminar business currency currency home internet trading trading canada currency trading spot currency trading currency exchange rate trading currency forex pair trading using vantagepoint currency network neural trading boards currency forex trading how to start currency trading currency trading australia currency forex tag trading currency forex trade trading currency insurance trading currency trading education live currency trading online currency option trading advisor currency expert trading, commodity currency future trading currency day foreign trading currency exchange link trading credit currency trading