Almost any trader with some experience has heard the trading maxim (or rule) “Don’t try to catch a falling knife…” It usually refers to buying a market falling in price and alludes to how dangerous it can be to try to get positioned when a market appears to have a lot of potential to continue… [Read More]
How to Eliminate the Frustration of Using Stop-Losses
Every trader has had the frustrating experience of placing a stop-loss order too close to the market. It really doesn’t matter if the stop was to exit a losing trade or a winning
trade, the frustration comes from having the stop get executed and then shortly thereafter the market continues to advance in the direction intended when the trade was initiated.
4 Steps to Eliminate the Frustration of Using Stop-Losses
Every trader has had the frustrating experience of placing a stop-loss order too close to the market. It really doesn’t matter if the stop was to exit a losing trade or a winning trade, the frustration comes from having the stop get executed and then shortly thereafter the market continues to advance in the direction intended when the trade was initiated.
Morning Forex Briefing
Initially firm in Asia, Yen carries were reset and USD/JPY climbed into areas of reported offers around the 118.80 area before settling back a bit
Afternoon US Dollar Wrap-Up
Although the USD is marginally softer and two-way after the overnight Asian session, the majors did not create any sensation today as most of the action was contained to the JPY crosses.
Morning Forex Briefing
The USD is mixed to start New York after a one-way overnight session that saw the USD gain on the GBP and EURO while lose ground against the JPY.
Afternoon US Dollar Wrap-Up
Solid two way trade developed today in the USD but not before the majors scored one more round of highs overnight.
Morning Forex Briefing
In my view, the USD is due for a larger break against the JPY but I am urging caution in the other pairs.
Afternoon US Dollar Wrap-Up
USD bears had another good day as the majors took both overnight news and US data and added to their advance to post some aggressive high prints.
Morning Forex Briefing
The USD is weaker across the board overnight, starting off on a slightly weaker note in Asia as traders booked profits ahead of UK data and US data today.
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