forex:price_action:timing_of_trades
Forex - Price Action - Timing of Trades
Place orders ahead of time and less often do market orders.
NOTE: A general theme that shows up is about 70+% of all institutional orders are placed at prices ahead of time, while <30% are market orders.
- Pay attention to key support and resistance zones.
- These ‘zones‘ are where to place orders.
- How long to hold:
- Shorter holding periods will often require a smaller stop.
- Will want to get as close to the support/resistance level as possible to create the smallest stop available while maximizing the upside.
- Longer holding times will not require as much precision and will likely have a larger stop loss to avoid getting kicked out of minor swings to capture the underlying trend.
forex/price_action/timing_of_trades.txt · Last modified: 2022/12/15 11:41 by peter