Example of Modifying a Trade Based on Price Action

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
2,961
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Aug 19, 2009

http://www.informedtrades.com

This video comes from a member of infomedtrades.com, advfn2828 (Graeme). Graeme, a forex daytrader, shares with us a short USDCAD trade he placed based on a 15 minute chart. He entered the trade based on textbook technical analysis and money management -- but in the midst of the trade, he saw price action and news releases that suggested the trade would go against him. As a result, he closed out early for a small profit. However, his analysis was correct -- had he stayed in the trade, he would have gotten stopped out. As a result, this is an example of how daytraders can interpret price action to astutely modify their trades.

Graeme's blog: http://www.informedtrades.com/blogs/advfn2828/

http://www.informedtrades.com

Category:

Education

Tags:

License:

Standard YouTube License

  • likes, 2 dislikes

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • What website is he using for the data?

  • Good info, thanks for submitting it

  • that sucker is going higher son.

  • Hey I remember this setup! I was trading this a few days ago, I was longing in after that consolidation action, haha

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more