Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
Effective Trailing Stops
One of the most common questions I get from traders is how to trail a trade.There are several solutions and one of them is to have two targets whereby the 1st one gets easily hit and then you move the stop to BE (breakeven) to reduce the risk.However, trades can often go for a run so there has to be a way to systematically measure and trail the position.
One effective trailing stop forex method or indicator is the Parabolic SAR which stands for ‘Stop and Reverse’. In many ways, this indicator was built for this and is ideal but the typical method of using it may not work so we are going to offer a …... Keep reading