Forex LIVE trade - HectorTrader.com

Very nice and complete explanation of a trade. Gr8 stuff. Thnx

:) i like the way u say excetra excetra! hehe

Although I do not trade his exact system, I recommend this guy. Obviously, he is an intelligent trader, and not full of it....like so many others out there.

Hector has the best trading System I've found yet! Thank you Hector

Hello Dani,

In my experience, once price has run most of its Average Daily Range and it hits any level of intraday support/resistance (in this case the 1.0050 round number), it tends to bounce off it rapidly because many intraday traders book out their profits at that junction of the chart, reverse their positions and thus price pulls out a sharp U-turn. That's why I'd rather exit few pips before hitting those levels.

Cheers!

nice, well done. once you reached your target coulndt you put a "stop loss" at 1.0065 and wait till the chart stops moving down? like when the chart was at
1.0055 -> "stop loss" (i know its not a real stop loss) 1.0065
1.0045 -> stop loss 1.0055 on so on..
actually the chart broke down to 1.0028 and up to 1.0045.. with a stop loss at 1.0035 or 1.0040 you wouldt have gotten 15-20 pips more..
i hope you got my point :)