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Forex Trading
15 Questions
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Forex Trading

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@GladProsperity

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Questions and Answers

True or false: The speaker suggests that when price breaks through a support/resistance zone and holds, it is a signal for a manual close of the trade?

True

True or false: The speaker is against the idea of staying in the trade and trying to ride it out?

False

True or false: The speaker mentions walking away with 225 pips as a result of a manual close?

True

What does the speaker suggest as a way to handle the situation when price breaks through a support/resistance zone and holds as resistance?

<p>Manually close the trade</p> Signup and view all the answers

What is the speaker's stance on staying in the trade and trying to ride it out?

<p>Not completely opposed, but doesn't do it personally</p> Signup and view all the answers

What does the speaker consider as a great way to manage the trade when price breaks through a support/resistance zone and holds as resistance?

<p>Manually closing the trade</p> Signup and view all the answers

What action does the speaker suggest if one wants to stay in the trade despite the price breaking through a support/resistance zone and holding as resistance?

<p>Leaving it to the individual's trade account</p> Signup and view all the answers

When price breaks through this support ______ zone and holds and respects it as ______ we don't want ______ we want support we want to keep going up we're in a buy so when this occurs this is a manual close

<p>resistance</p> Signup and view all the answers

If you want to stay in this ______ this is your ______ account you can do what you want to do i'm not completely opposed to it i don't do it myself but i have nothing against you if you want to stay in this ______ and try to write it out

<p>trade</p> Signup and view all the answers

What does the speaker suggest as a great way to manage the trade when price breaks through a support/resistance zone and holds as resistance?

<p>Manually close the trade within that area</p> Signup and view all the answers

What action does the speaker suggest when price breaks through a support/resistance zone and holds as resistance?

<p>Manually close the trade within that area</p> Signup and view all the answers

What does the speaker consider as a great way to manage the trade when price breaks through a support/resistance zone and holds as resistance?

<p>Manually close the trade within the area</p> Signup and view all the answers

What is the speaker's stance on staying in the trade and trying to ride it out?

<p>Neutral, neither opposed nor in favor</p> Signup and view all the answers

What does the speaker suggest when price breaks through a support/resistance zone and holds as resistance?

<p>Manually close the trade within that area</p> Signup and view all the answers

What action does the speaker suggest if one wants to stay in the trade despite the price breaking through a support/resistance zone and holding as resistance?

<p>Stay in the trade if desired, as it's the individual's decision</p> Signup and view all the answers

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