“forex Trading Strategies For Profitable Returns In Australia”

“forex Trading Strategies For Profitable Returns In Australia” – Traders spend hours planning good entry strategies but then drain their accounts taking bad exit strategies. In fact, most of us don’t have effective exit planning, often being swayed by the worst price. We can correct this oversight with some old techniques that can improve profitability.

Before we jump into the techniques, we’ll start by looking at why holding time is so important. Then we’ll dive into the misunderstood concept of market timing, and move on to positioning and scaling techniques that protect profits and minimize losses.

“forex Trading Strategies For Profitable Returns In Australia”

It is impossible to talk about exits without realizing the importance of a holding period that works well with your trading strategies. The magic time intervals almost correspond to the general method chosen to withdraw money from the financial markets:

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Choose the category that best matches your market approach, as this determines how long you should book your profit or loss. Stick to the rules, or you risk turning a trade into an investment or a momentum play into a scalp. This method requires discipline because some positions are doing so well that you want to keep them over time. Although you can extend and compress the holding period to respond to market conditions, taking your exits within limits builds confidence, profitability, and trading ability.

Practice establishing reward and risk objectives before entering each trade. Look at the chart and find the next resistance level that might work within the time limits of your holding period. That marks the target award. Then find a value where you will be proven wrong if the defense turns around and hits it. That is your goal at risk. Now calculate the reward/risk ratio, looking for at least 2:1 in your favor. Anything less, and you should skip the trade, moving on to a better opportunity.

Focus on trade management at two key exit prices. Let’s assume that things are going your way and the price is moving towards your reward target. The price level of transition is already working because the sooner it reaches the magic number, the more flexibility you have in choosing a favorable exit.

Your first option is to take a blind exit at the price, hold yourself back for a job well done and move on to the next trade. A better option if the price is trending heavily in your favor is to let it cross the target, placing a protective stop at that level while trying to add to the profit. Then look for the next obvious barrier, staying put as long as you don’t break your hold time.

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Slow advances are more difficult to trade because many securities will approach but not reach the reward target. This requires a profit protection strategy that kicks into gear once the price has exceeded 75% of the distance between your risk and reward targets. Place a trailing stop that protects partial profits or, if you are trading in real time, keep one finger on the exit button while watching the ticker. The trick is to stay put until the price action gives you a reason to get out.

In this example, Electronic Arts Inc. (EA) is selling off the stock in October, off the August low. It regains support two days later, releasing a

Signal, as described in the 1993 classic “Trader Vic: The Ways of a Wall Street Master.” The trader calculates the reward/risk as follows, planning an entry near $34 and a stop loss just below the new support level:

The position is performing better than expected, well above the award target. The trader responds by setting profit protection right at the target reward point, raising it every night as long as the upside makes more progress.

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Stops need to go where they take you out when the security breaches the technical reason you took the trade. This is a confusing concept for traders who have been taught to place stops based on arbitrary values, such as a 5% drawdown or $1.50 below the entry price. This placement makes no sense because it is not tuned to the characteristics and fragility of that instrument. Instead, use technical breakdowns—such as trend lines, circular numbers, and moving averages—to find the natural value of a stop loss.

In this example, the stock of Alcoa Corporation (AA) is going up with a steady increase. It stays above $17 and goes back to the three-month line. The next bounce is back up, encouraging the trader to enter a long position, expecting an exit.

Common sense dictates that a trendline break will prove the rally thesis wrong, it wants to exit quickly. Additionally, the 20-day simple moving average (SMA) is aligned with the trend line, suggesting that a breach will attract more selling pressure.

Modern markets require an extra step in placing an effective stop. Algorithms now typically target stop-loss levels, shake traders, and bounce back to support or resistance. This requires stops to be placed away from numbers that say you are not good and need to get out. Finding the perfect amount to avoid these

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As a general rule, 10 to 15 cents more should work for low volatility trades, while more aggressive plays may require 50 to 75 cents more. You have more options when watching in real time because you can exit where you place the real risk, and re-enter when the price jumps back to the fixed level.

To get a scaling exit, raise your stop to break as soon as the new trade goes into profit. This can build confidence because now you have free trade. Then sit back and let it run until the price reaches 75% of the distance between the risk and reward target. You will have the option of going out all at once or in pieces.

This decision tracks the size of the position and the strategy used. For example, it does not make sense to break a small trade into small parts, so it is more effective to look for the right time to dispose of the entire stake or to use a strategy to stop the prize.

Larger positions benefit from a phased exit strategy, exiting one-third of the 75% range between the risk-reward target and the second third of the target. Place a trailing stop behind the third piece after it passes the target, using that level as a rock bottom exit if the terrain turns south. Over time, you’ll find this third piece is a lifesaver, often producing huge profits.

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Finally, consider an alternative to this tiered strategy. Sometimes the market offers gifts, and it’s our job to pick the low-hanging fruit. So, when the shock of the news causes a big gap in your path, get out of the whole place quickly and without regret, following the old wisdom: Never look a gift horse in the mouth.

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The offers that appear in this table are from the partnership from which you receive compensation. This compensation can affect how and where listings appear. it does not include all the offers available in the market. Trading defines my life and my Forex Profit Strategy is what makes my Fortune. For this purpose, I have invested many years of my life in my business education. But this is nothing, indeed there is much more.

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