Let's say a pair, on which I am bullish, is trading in a narrow range, pending an important announcement.
I might decide to place a buy stop slightly above the trading range, but with a stop loss immediately below it. If there is so much as a down tick, I'm outa here.
The problem is, I am concerned that my stop loss might be triggered by the spread, rather than by a down tick. What is the best way to get as close as possible, while preventing something like that from happening?
GVI Forex Jay Meisler 17:56:19 GMT - 10/16/2012
That is a risk as spreads often widen just beofrre a news release as liquidity thins and banks widen or pull their prices.
You will soon find out there is no free lunch in this business., Even with economic releases - the reactions used to be pretty predictable based on how close or far from the consensus but in this risk on/risk off world, the reactions are harder to predict.
New York13:51:24 GMT - 11/08/2012
Hello! I'm a newbie here, and i see that this thread must be useful, so can you give me some kind of advices related to FOREX signal? I'd appreciate it.
GVI Forex Jay Meisler 13:56:37 GMT - 11/08/2012
NY, can you be more specific
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