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So let us see few examples. We will use, first of all, reverse signals to go synchronously with a movement wave. But, at purchase, for example, hardly above level of stops on sale, it is necessary to watch closely the market as in case of breakdown of this level the market can appear in some minutes on a figure (100 points) below your purchase a lot. I usually under such levels put stop with a turn, and practically always it not only salvages, but also gives profit.

The position is closed after time planned for maintenance of the given position.

Seldom anyone from beginning traders at transaction planning (who in general plans) establishes “time of life of a position”. Nevertheless it is represented to me enough important point. In tactics “surfing” we will limit time of life to trading session, that is, all open positions at one a.m. in the morning should be closed, without looking at their condition. Why such thing is demanded? Experience shows that if for a day your position isn’t confirmed by the market, it should be liquidated, as the probability still larger deterioration is rather great. Tomorrow is a new day.

The rules set forth above basically describe emergency measures, and their purpose is to salvage the trader from heavy losses in case of an error (not acknowledgement) at position opening. It is much more pleasant to close a position with profit, and now we will talk about it.

I have already stated key rules in the previous mailing, it is necessary to “fill” them with concrete digital indicators. Once again I will underline – don’t ask me why it is so. Try others, experiment.

1 stage. Running start.

So, through what that time after position opening the profit began to “be formed”. It happens practically at each position. At achievement of a profit of 10 points I put mental stop at level of opening price + 1 point. Now, if the price “rolls away” and remains less than 5 points of a profit, I am immediately closed. Thus, if during inquiry the profit again “jumps” more than 10 points – I am not closed, and here if it less than 5, or (especially) already in a minus – I close a position in an emergency order.

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Due to this if you are properly armed with the info in your sphere of interest you can be sure that you will in any case find the solution to any bad situation. So, please make sure to get back to this blog on a regular basis or – best of all – sign up to its RSS. In such an easy way you will have a direct shortcut to the latest info updates here. Blogs can be helpful, you just need to understand how to use blogging for the currency exchange market.