Howdy!
Before I get to this week’s video, I just want to let you know I’ll be launching a new program called The Price Action Trading Institute.
It will launch on April 5 and closes on April 8. So if you’re interested, be sure to sign up for the waiting list here.
Now, moving on…
In this week’s analysis, you’ll learn:
- A breakdown in this currency and why I think there’s room for a freefall (hint: it ends with INR)
- Why the price of Corn is about to trade higher and how to take advantage of it
- How to manage your trades correctly so you don’t exit at the WORST possible time
So, click below to get started…
I hope you’ve enjoyed this week’s analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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You talked about managing your trade and exiting part of your position. What U.S. Platforms allow you to do this? MT4 doesn’t allow that and I’m looking to switch from TradersWay to a better broker. Thanks!
Robin,
If you are a Traders Way client, you can exit any part of your position. You are not governed by FIFO rules (first in first out), as you would be with a US broker.
To exit part of a position make sure one-click trading is not turned on, in your MT4 settings. Select the option to close your position, and rather than exiting the entire position, change the position size to the amount you want to exit. It’s that simple. Good luck!
I believe MT4 lets you use limit orders as your TP.
So if you are long 1 lot you can have a sell limit of 0.5 lot.. so in essence you’re long 0.5 lot.