Wednesday, May 18, 2011
Attempting a break out
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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1 comment:
It’s a huge opportunity when this happens as break out are great because if we place it correctly we can make huge pips while even the risk is lowered as we can place SL just above the breakout level. I am very lucky to have quality broker like OctaFX, they have excellent service where all my trading orders are executed instantly while they never manipulate in anyway so I can use SL without fear of been hit with spikes or desk dealing.
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