Best Exit Strategies for Forex market ?

markallen

Member
58 1
totally ok for scalping ...fast and simple...if you get luxury of trading higher TF's you can add a lot of subtlety to increase returns over time .....

I agree. But that depends on your strategy and your disposition, some people don't have the patience to keep long-term positions open.
 

markallen

Member
58 1
My reaction is a little different, I am too anxious to wait. I prefer shorter term positions so I can close them and go to sleep without worrying how the market will move while I am not watching it.
 

Edith1995

Junior member
11 0
I always exit when my stop loss or take process is touched so long as my initial analysis remain valid. If factors in the market change, the I can do an immediate close
 

NVP

Legendary member
37,768 2,101
I always exit when my stop loss or take process is touched so long as my initial analysis remain valid. If factors in the market change, the I can do an immediate close

i scalp most of the time these days.....timing of the move once in trade is a definite big big factor for me ......i haven’t analysed it in detail but i’m pretty sure my exits early when the trade stalls have saved me a lot more than leaving the trade in motion and hoping momentum continues

N
 

markallen

Member
58 1
I always exit when my stop loss or take process is touched so long as my initial analysis remain valid. If factors in the market change, the I can do an immediate close

That is what I do as well, for the most part. I follow my trading plan, but if I suspect that fundamentals may cause a drastic change I close my positions. Being adaptive is just as important as being disciplined.
 
 
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