Trading Lesson: The Art of Reversing Your Position
The market is always right. Not you. Not your opinion. Not someone else’s opinion. So you have a choice: you can fight the market or you can go with it. And how do you know where the market is going? Price action! For example, our robot “Forex Forager” always knows at what price it is right about a trade and at what price it is wrong. It doesn’t wander in cyberspace with 30-100 pip stops. It knows the exact inflection point where a decision needs to be made. Consequently, it is able to get into a swing or even long-term trade with as little as a five pip risk.
Jeff Wecker