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Forex question placing entry trade
avatar BoyceAve
Question by: BoyceAve - 22 Feb 2017, 00:05:45
placing entry trade
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Answers (1)
avatar user 11946
Answer by: Matthew - 22 Feb 2017, 00:09:47

We can place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves. , if we placed an entry order above the slope of the lower highs, we would’ve been taken along for a nice ride up. If you had placed another entry order below the slope of the higher lows, then you would cancel it as soon as the first order was hit.

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