Study Guide for Come Into My Trading Room - Forex Factory

148 CASE STUDIES
Trade 1: Oracle Corp ORCL—Exit Question
entry
long
Chart Q1-c 22-day and 13-day EMAs, channel, 12-26-9 MACD-lines and
MACD-Histogram, and 2-day Force Index
You do not get paid for entering trades, you get paid for exiting them.
Beginners spend most of their time looking for trades, but give little
thought to how they will exit. It is a fact that most trades are profitable
at some point, yet despite that, most beginners lose money on most
trades. They lose because they fail to exit at the right time.
This exercise is designed to help you learn to find exit and reentry
points. Cover this chart with a sheet of paper so that you can see only
from its left edge to the point where you entered the trade. Start moving
the sheet of paper slowly to the right. Uncover one day at a time and
stop to look and analyze what you see. If you think that you see a good
exit point, mark it on the chart. Later, on the Answers pages, you will
see several exit and reentry points. You will be able to compare notes
and grade yourself.
Answer on pages 166–167.