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..

42 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.
www.ganardineroporinternet.info

Amarjeet Prasad said...

Sound good..
live trading courses
forex pips

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...

I read this Article. this is so nice article. i realy enjoy this article. i like this article.

PAMM Account said...

hmmmm Nice to read the blog, showing your keen efforts in research and writing. Would like to highlight some important points that i noted during reading; simplicity, precise content and perfection. Can you please research over the topic of PAMM Account and share it with us
Thank you

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 !

capitalistinfo said...

Hi

The post reveals me in and out about the Forex services.Keep on sharing Good Stuff.

Forex

Unknown said...

this article is rigorous effort to promot forex with contemprory market and its implication
http://aff.bestforexpartners.com/click.php?ctag=a3092-b1154-p

Unknown said...

Nicely presented information for FOREX Trading.

Waiting For your next post.

Regards
FOREX Signals

Hossam Tameem 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 ...

Market Research said...


>> Forex Business News

>> Small Business News

>> World Technology News

>> Markets Finance News

>> Political News

>> Monarchs Money News

>> Global Economics News

>> Companies Industries News

>> Brand Revival

>> Lifestyle News

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 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

Unknown said...

Really so interesting and full of information..
Online Forex Trading

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.

ICS Cyber Security said...

The best way to know and do Forex trading google, just involve and surf the website. It is a very secure way of trading.

binary options scam reviews

Ahmed hosny said...

http://bestlyricss.com
http://www.lyricsx.me/

Oyewole Olatunbosun said...

Money Management:
Any successful trading system or ideaology will by definition, have a positive expectation.
What does this mean? It means that in the long run, the system will make money.
It does not mean you will win every time or even a lot of the time.
We may take a position in the market when conditions are favourable to making a profit, but no trade is a sure thing. Every trade comes with the risk of a loss. It is therefore inevitable that losses will occur at some point. Because it is human nature to dislike losses, many people try to ignore this harsh reality. That explains why many traders have problems.Because they ignore this facts and trade fallacies. Remember you cannot prepare for something that you ignore and to ignore this reality is to guarantee failure. Therefore, if we expect a system to make money in the long term, then we must trade in such a way as to remain in the market.This is where money management vitally comes in. I am an experienced forex trader who has been trading on the platform of the FxGlory (best MT4 broker) for over three years. I have used many brokers but none of them matches what I enjoy at
FxGlory .

*They offer fast fast processing of fund withdrawal.

*Their customer support service is excellent and

*They give the highest leverage in the forex industry(1:3000).

ICS Cyber Security said...

The video attached is very much informative which helps to make easier understanding for the binary options trading. Will you please help to explain how trade on binary options can be done safely.

TraderVC review

Tweezer said...

Traders need to have a better deal as far as the right channelization of funds is concerned. This is the main reason why many traders look to FXB Trading as they can get the perfect blend of both requirements. This website not only secures the funds of traders but it also segregates them.

Forex Signals said...


Forex trading is a captivating prospect to increasingly humans as towards other funding possibilities available at the net. With reference to buying and selling, the forex business has the largest market within the global but it is very liquid. The benefit of forex buying and selling is that there's no buying and selling floor due to the fact it's far constantly walking 24 hours an afternoon worldwide. Let Visit For
forex signals
trade copier

Unknown said...

It is important to analyze different types of currency pair comparisons if you want to be successful in CFD trading. FXB Trading offers the best comparisons that you will come across anywhere on all major currency pairs.

Silva said...

Learn best trading strategy for $80-100 daily profit
Learn best trading strategy for $80-100 daily profit
Learn best trading strategy for $80-100 daily profit
Learn best trading strategy for $80-100 daily profit
Learn best trading strategy for $80-100 daily profit

problogger said...

For earning consistent profit you must learn better forex trading strategy.Learn best trading strategy for $80-100 daily profit

Unknown said...

To become a financial market Expert, learn forex trading online with Profit Pirates. They have more 10 years teaching and marketing experience in this domain.

Unknown said...

Profit Pirates is one of the most victorious institute in helping people to learn forex trading online.
They focus on the training of share market courses.

Unknown said...

Profit Pirates focus on the training of share market courses. They will fulfill your requirement regarding forex trading training. It is the best institute of Forex trading.

Unknown said...

Connect with us to earn some profit in the forex market by trading foreign currencies and cryptocurrencies online. And Commodities Exchange is also a good way to earn maximum profit. Contact us to know more.

Unknown said...

Cryptocurrency trading in the online Forex market is a very good option to make more profits. Trading in Cryptocurrency helps you to earn more.

Unknown said...

Invest in Forex Market and you can earn profits through online currency exchange, selling forex online,
Commodities Exchange in UK, and even by trading cryptocurrencies. To learn forex trading connect with YaMarkets with MT5 tools. It is very reliable and secure platform to trade and earn profits.

Chan Cynthia said...

Bitcoin has changed my life because I invest in it the right way and one thing that gives me joy is because I also learn the concept of trading from a expert to accumulate and hold more bitcoin. . Let a professional trader guide you on how to start your journey into cryptocurrency the right way. My first month using Mrs Chan’s strategies and signals, I profited up to 400%. My 2.5BTC gave me a return back of up to 9BTC. Looking into this month as well, what have you planned to achieve? Why not take that step now and contact Mrs Chan on WhatsApp (‪+27 65 696 1537‬)and surely she will help you change your portfolio status.

Unknown said...

share good content.
부산출장안마

Anonymous said...

Hello everyone, Are you looking for a professional crypto trader, forex and binary manager who will help you trade and manager your account with good and massive amount of profit in return. you can contact TD Ameritrade for your investment plan, for he helped me earned 8,500usd with little investment funds. TD Ameritrade you're the best trader I can recommend for anyone who wants to invest and trade with a genuine trader, he also helps in recovery of loss funds..you can contact him on his Email: tdameritrade077@gmail.com
Via whatsapp: (+12166263236)
I advice you shouldn't hesitate. He's great.

Fx Pips Guru said...

Your above forex related content is really informative for the forex traders. If you need a professional fx fund manager, you may contact Fx Pips Guru - FPG to manage your forex

Anonymous said...

Join our profitable company without stressing about your work, is a simple trading system just to get your plan of your choice and make a lowest of $2000 with just a little amount of investment, you can make upto $40,000 to $200,000 within a month depending on your plan of investment you can contact supporter ASAP through : tdameritrade077@gmail.com