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Forex Strategy Video: How Long Should I Stay in a AUDUSD, EURUSD Trade?

Forex Strategy Video: How Long Should I Stay in a AUDUSD, EURUSD Trade?

2013-10-01 19:15:00
John Kicklighter, Chief Currency Strategist
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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

Sign up for John’s email distribution list, here.

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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