Foundations of Technical Analysis: Managing Risk
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In this bi-weekly webinars series on the Foundations of Technical Analysis, we discuss how a subtle shift in how we approach managing risk (specifically stop placement) can increase our performance. Focusing more on the technical levels that matter, rather than an arbitrary stop, can help you become more disciplined with your entries.
Instead of identifying your target and then placing an objective stop that fulfills your risk/reward parameters – You should first identify where your stop NEEDS to be- and THEN ascertain whether your target will allow you to preserve the desired risk/reward on a given setup. If it does not, then you simply must wait for the market to offer a better entry.
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Always remember that capital preservation is paramount and at the end of the day, it’s the traders that understand this notion that succeed in the long-run. Sometimes it’s not how big your gains are, but how small your losses are that make the biggest impact on your overall performance- always be on the defensive. Join us for the next Foundations of Technical Analysis Q&A webinar-
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Foundation of Technical Analysis Series
– Part 1:
Introduction to Basic Trendline Analysis
– Part 2:
Introduction to Basic Pitchfork / Median-line Analysis
– Part 3:
Introduction to Multi-Time Frame Analysis
–
Webinar-
Foundations of Technical Analysis: Trendline & Slope Analysis
– Webinar-
Foundations of Technical Analysis: Identifying Confluences & Opening Ranges
– Webinar-
Foundations of Technical Analysis: Fibonacci & RSI
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—Written by Michael Boutros, Currency Strategist with
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