Talking Points:
• Sometimes hard targets and stops are not enough for a complete trade setup
• We look at AUDUSD, EURUSD and other pairs to illustrate how time should be a trade exit consideration
• There are three means to establish 'time': chart scale, event risk and market momentum
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Most of us have placed a trade that wanders between our targets and stops far longer than we had intended. Trades are developed around technical, fundamental and market condition considerations which imply a particular time frame with which the setup should play out within. In today's Forex Strategy Video, we discuss three approaches to establishing a time frame for your trade and illustrate the options using AUDUSD, EURUSD, USDJPY and GBPUSD.
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