How to Use Resting Buy/Sell Stops Prudently in Your Forex Trading

Have you ever wondered how Limit Entry orders (i.e. Buy/Sell Stops) can be used to trigger you into a trade within a trending market? Some people have difficulty with that because they like the idea of conditional entries, but they make things hard for themselves by placing the trigger on all sorts of 'theoretical' levels based on little more than guess work ("I think price will turn at the 61.8 Fibonacci, so I'll put my entry stop there"). There is a way of using this handy execution tool that is more precise, more 'scientific'. In today's complimentary weekend video tutorial, I'd like to show you that method. The nicest thing about it, is that it's not only objective and easy to apply, it also aligns nicely with the Swing Point Triple Screen method which we tend to profile here each weekend. Full video can be seen at: www.forexmentor.com/swingtrader/update/20120204

Comments

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