Trading Rules For Open Sell
Identify when the last CCI indicator drops past the -100 limit, then record the value.
When the CCI indicator again breaks the -100 line, watch for the value achieved. If you exceed the previous value, you can open sell at the closing level (close) at the current price.
Use the current high level to place the SL.
If the price reduction is commensurate with the SL size, close half of the trade and move the SL to the breakeven level.
The breakeven level is then used as a parameter to calculate the profit target with the risk / reward ratio 1: 2 formula.
افضل شركات التداول عبر الانترنت
"This trading breakout strategy allows traders to recognize entry opportunities in the right direction. However, this trading setup will not be useful if you are not disciplined using stop loss according to the rules," said Kathy Lien.
افضل شركه فوركس
This female trader who is a colleague of Boris Schlossberg emphasized the advice, because like most forex trading strategies, the method of breakout with the CCI indicator can not be accurate at all times. That is why, Stop Loss rules in the trading breakout strategy are so important and must be applied consistently
In addition to the trading breakout strategy, Kathy Lien is also not stingy to share forex learning tips. I wonder what are the learning tips from the successful trader?
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