Webinar Tuesday 4 PM EST. Topic “Borderlines”

Written September 6, 2010 at 5:38 AM EST by  

borderline

When I trade, I am concerned about risk, risk, risk. If I don’t know my risk, I won’t do the trade.  If my risk is too great, I also won’t do the trade.  Too much risk leads to too much fear and fear is a trader’s worst enemy.

The way I define risk is by trading near what I call borderlines.  Borderlines are price areas where the bias is bullish on one side and bearish on the other.  A good borderline is not random, but has a “reason” for being good.  It therefore is a reliable level for traders to trade against.

An example of a borderline is a moving average.  When the price looks to test a key moving average like the green and blue lines in the chart below.

_greg_fx-news_fx-trading00061

Tomorrow at 4 PM EST I will conduct a Free webinar on the topic of borderlines.  You will need to register. in order to attend.   To do so, go to the following link:

https://www1.gotomeeting.com/register/679614265

See you all then.

Greg Michalowski

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