Thursday, April 26, 2012

The importance of the trailing stop

On the last trade, I moved the SL at +2 (from -10), as soon as I felt a little double top could happen there. I could lose the probable move up this way or I could save my skin..

31 comments:

PRD trader said...

Hi,great blog,do you trade for living?

Anonymous said...

Yes he does, but im wondering if Mr Forexbird will post again some time soon. ;)

Amarjeet Prasad said...

Interesting thoughts.
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Amarjeet Prasad said...

Sound good..
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Anonymous said...

This is not the place for spammers and leechers. Just go away from here.

Anonymous said...

Hey Mr Bird, it would be great to know how you are doing :)

Forex Robot said...

Thank you for the amazing tutorial, but I wonder If a Forex Robot could really help in Forex Trading ?

PAMM Account said...

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fx news said...

Why others calling him Mr. bird? Btw thanks for the tutorial.

reganiforex said...

please provide latest news and updates

ayman khlifat said...

Thank you , great post !

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Jacob Walker said...

Nicely presented information for FOREX Trading.

Waiting For your next post.

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David Jones said...

I think that the profitability of a Forex robot doesn't depend only on the Forex robot itself, but also on the trader himself, he needs to have some trading experience to be able to use the robot in the proper way ...

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Md_Jamal_molla said...
This comment has been removed by the author.
PriceactionPost said...

This blog is timeless. Most 'Trader' ignore the effort needed to be profitable in the trading world. They just need some junk system they'll follow blindly.
Forexbird did a GREAT job. His evolution confirm my thought that there is no automated system that work in the market, to be profitable you have to develop a feel for the price action! And this takes years of practice. Thank Mr Bird

Bhoomi Desai said...

I really like live trading system. It's really quite interesting blog about Forex . Great job! Keep up the good work... share market tips

Aimee Willson said...

Really so interesting and full of information..
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Zomi said...

I think not just trailing stop, but stop loss and take profit have equal share of importance, if we wish to achieve positive results then we got to use all these tools correctly. I never have issues using this because I trust my broker so much and that’s OctaFX. It’s often that people are scared to use SL or TS because of manipulation that brokers do, but with OctaFX, I never have to worry about anything and that makes me do everything nicely with absolutely easy and comfort.

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