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Review of New Order Wiget on Jforex3
Beto Posted 6 Nov. in #Trader's blog #Analysis #Technicals #Risk Events #Managment4/34
Ranking
1. Abstract.
I hope this post helps to understand one of the tricky situation at the moment of trade on news because is very risky and to give my view
on the new order wiget. This seems to be very interesting and useful but I think it could be best with some improvements.
2. Development.
2.1 Explanation trade on events.
Let's say that before a release event you decide to trade.
In this particular example I will re-create a setup based on a bear flag, so the entry could be placed below of the few candles low.
The stop loos above the last higher high, that means about 20 pips risk with a limit to the nearest lower low.
Till here seems to be a nice setup, also if you check the exponential moving average of 144, means strong downtrend.
Also, after check this setup you can say that the entry could be adjusted at the previous candle low as entry and the high as stop.
That means around 10 or less pips risk to trail the stops each candle.
But, the reality here is other.....
After the data comes on place, the price experiment a jump or explosive movement down side.
And with this filling the stops orders, first the order was filled down about 25 pips and that means your stop loss as well.
As…
I hope this post helps to understand one of the tricky situation at the moment of trade on news because is very risky and to give my view
on the new order wiget. This seems to be very interesting and useful but I think it could be best with some improvements.
2. Development.
2.1 Explanation trade on events.
Let's say that before a release event you decide to trade.
In this particular example I will re-create a setup based on a bear flag, so the entry could be placed below of the few candles low.
The stop loos above the last higher high, that means about 20 pips risk with a limit to the nearest lower low.
Till here seems to be a nice setup, also if you check the exponential moving average of 144, means strong downtrend.
Also, after check this setup you can say that the entry could be adjusted at the previous candle low as entry and the high as stop.
That means around 10 or less pips risk to trail the stops each candle.
But, the reality here is other.....
After the data comes on place, the price experiment a jump or explosive movement down side.
And with this filling the stops orders, first the order was filled down about 25 pips and that means your stop loss as well.
As…
