When to exit a good trade

[sirisha]

to be candid,i am not all that versed about analysing charts because i rely mainly on news for my trades,but elementarily this is what i do,when relative strength index is above 50-buy,less than 50-sell,above 70 -overbougth(sell)less than 20-oversold(sell) and the moving average i preset with three values,moving average 5,10 and 14,when moving average 5 cross moving average 10 and 14 upward,it gives a sure buy signal and when moving average 5 cross moving average 10 and 14 below,it gives a sell signal

Thanks for the info iffy. I will study the charts from the above info and try to understand.

[iffy]

Thanks for the info iffy. I will study the charts from the above info and try to understand.

You are welcome,always available to help within the context of my knowledge

[friendinsta]

to be candid,i am not all that versed about analysing charts because i rely mainly on news for my trades,but elementarily this is what i do,when relative strength index is above 50-buy,less than 50-sell,above 70 -overbougth(sell)less than 20-oversold(sell) and the moving average i preset with three values,moving average 5,10 and 14,when moving average 5 cross moving average 10 and 14 upward,it gives a sure buy signal and when moving average 5 cross moving average 10 and 14 below,it gives a sell signal

but like where do I overcome the Supreme Court that wrapped around each other in time sideways

[iffy]

but like where do I overcome the Supreme Court that wrapped around each other in time sideways

I do not get your question right?try to be more specific and use clear and understandable expression,meant no offence

[player21]

@ iffy
thats a great MA strategy...i just added it to my arsenal of knowledge..i hope its gonna do me good

[iffy]

@ iffy
thats a great MA strategy...i just added it to my arsenal of knowledge..i hope its gonna do me good

It works,and you would be glad you did,pls note it may not be effective during economic news release

[player21]

It works,and you would be glad you did,pls note it may not be effective during economic news release

ok,i will have that in mind..thanks again

[forextrade]

i the initial stop: is to get you out of the trade, if the trade goes against the direction of the trade early on in the trade
Break even the price where if you exit, will be equal to your entry price). This stop, if present, serves to protect profits
take profit stop. This is when you exit the full position or half the position, when a target profit of “x” number of pips, or some other criteria if the trading system has been reached
The trailing stop, as a part of your forex exit strategyAn ideal stop is one that allows enough "room to move" and hence allows the profits to run.

[iffy]

i the initial stop: is to get you out of the trade, if the trade goes against the direction of the trade early on in the trade
Break even the price where if you exit, will be equal to your entry price). This stop, if present, serves to protect profits
take profit stop. This is when you exit the full position or half the position, when a target profit of “x” number of pips, or some other criteria if the trading system has been reached
The trailing stop, as a part of your forex exit strategyAn ideal stop is one that allows enough "room to move" and hence allows the profits to run.

you have just explained the fundamental and basic terms associated in placing and closing a position in forex,straight to the point and highly recommended to learners

[sathish999]

the best indicator is trend signal and bollinger band. use trend signal to enter trades when up or down arrow is shown. bollinger is used to enter trade when the candle breaks the upper band and lower band.