British Pound / Australian DollarEducation
How Do You Know When To Exit A Trade?
Hey Traders đź‘‹
Today I wanted to share with you a quick lesson that has helped me with knowing exactly when to enter and exit trades....
First:
Add the 4 and 10 period moving averages to your chart
Second:
When the trend begins let your profits ride until either
A) A Candle closed above or below the 10 moving average (you could close early, but its the most profitable exit)
B) The 4 and the 10 MA cross back over eachother at candle close (less profitable, but more concrete)
I hope this helps with increasing profit instead of hoping and guessing! Take a look for yourself and see if this is something that you want to implement on your charts and strategies!
[This works on ALL time frames!]
Today I wanted to share with you a quick lesson that has helped me with knowing exactly when to enter and exit trades....
First:
Add the 4 and 10 period moving averages to your chart
Second:
When the trend begins let your profits ride until either
A) A Candle closed above or below the 10 moving average (you could close early, but its the most profitable exit)
B) The 4 and the 10 MA cross back over eachother at candle close (less profitable, but more concrete)
I hope this helps with increasing profit instead of hoping and guessing! Take a look for yourself and see if this is something that you want to implement on your charts and strategies!
[This works on ALL time frames!]
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.