Trailing Entries and Trailing Stops?
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Thread: Trailing Entries and Trailing Stops?

  1. #1
    Can anyone please shed some light on Trailing Entries Stops. I've read about them in the forum but does not quite understand how to really trade with them. Thanks for the help.

  2. #2
    Quote Originally Posted by ;
    there is a lookup function.
    On the left side

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    lt;==== Look over here...
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    lt;==

  3. #3
    Quote Originally Posted by ;
    Can anybody please shed some light on Trailing Entries Stops. I've read about them at the forum but does not quite know how to actually trade together. Thanks Beforehand for the help.
    (My definitions) Trailing Entries: We'll assume price is at a upward trend overall, but is currently in a retracement AGAINST that trend (ie is going down), we seem to see a potential stage where the down move might end, and price could start heading back up. This might be an approach to a Moving Average (MA), a Service (or Resistance) area (S/R) or perhaps a Fibonacci retracement level. We could then put an order, either in a point close to your chosen place (in this case it'd be a Buy Limit Order) or set a Buy Stop Order above the area, in the latter case you would be waiting for price to halt its decline and resume the main upward trend.

    Trailing Stop: OK, so that the egy has worked. Price hits one or other of your orders and is moving into profit. We are going to assume you have a potential Profit Taking place in mind, and we'll presume its 100 pips away. As price keeps moving in your favour and you ought to be sure you don't give too much back to the broker if price fails to keep its up move. So you decide to set a Trailing Stop (TS) of 35 pips. As soon as your transaction moves into profit, your TS will move up with price - 35 pips behind. With most brokers, the TS will move a pip at one time so when your commerce is 37 pips in profit, your 35 pip TS will ensure at least 2 pips profit. With every new high the TS moves up. If price retraces the TS will remain at its final position.

    Depending on your broker you may have to keep your trading platform attached to ensure the TS keeps moving, and some just move the TS every 5 - 10 pips. You'll need to check with your broker

  4. #4
    Quote Originally Posted by ;
    there's a lookup function.
    Do not do think I know that. Why not discover and try exactly what you get.

  5. #5
    Quote Originally Posted by ;
    On the left side

    lt;==
    lt;===
    lt;==== Look over here...
    lt;===
    lt;==
    Isn't this supposed to be novices forum!!!

  6. #6
    Quote Originally Posted by ;
    (My definitions) Trailing Entries: We'll assume price is in a upward trend overall, but is currently in a retracement AGAINST that trend (ie is moving down), we look to see a potential stage where the down move might wind, and price could start heading back up. This could be an approach to a Moving Average (MA), a Support (or Resistance) area (S/R) or perhaps a Fibonacci retracement level. We could then place an order, either in a point near your preferred area (in this instance it'd be a Buy Limit Order) or set a Buy Stop Order above the region, in the latter instance you'd be waiting for price to stop its decline and restart the main upward trend again.

    Trailing Stop: OK, so that the plan has worked. Price hits one or other of your orders and is moving into profit. We'll assume you have a potential Profit Taking area in your mind, and we are going to presume its 100 pips off. As price keeps moving on your favour and you ought to make sure you don't give a lot of back to the broker if price fails to maintain its up move. So you choose to set a Trailing Stop (TS) of 35 pips. As soon as your transaction goes into profit, your TS will proceed up with price - 35 pips behind. With the majority of brokers, the TS will move a pip at a time so when your trade is 37 pips in profit, your 35 pip TS will ensure a minimum of two pips profit. With every new high the TS moves up. If price retraces the TS will remain at its last position.

    Depending on your broker you may have to keep your trading platform connected to be sure the TS keeps moving, and a few only transfer the TS every 5 - 10 pips. You'll need to consult your broker
    Thank you Peter
    Enjoy your help, when one gets stuck in some thing small help goes the long way. Everybody who is looking for assistance here remains in the learning process, Success will come one day. Thank you Peter once more.

  7. #7
    Quote Originally Posted by ;
    Thanks Peter
    Enjoy your help, when one gets stuck at something small help goes the long way. Everyone who's seeking help here remains in the learning process, Success will come 1 day. Thanks Peter once again.
    And if no-one had answered mine I might not be here now.
    Some stuff is extremely easy to find, though not here, then attempt Investopedia http://www.investopedia.com/search/results.aspx?q=Forex there are some decent articles on a range of FX stuff. Just ignore the adverts. It's not necessary to spend money to snake-oil salesmen when everything you will need is here, somewhere.

  8. #8
    Quote Originally Posted by ;
    (My definitions) Trailing Entries: We will assume price is in a up trend overall, but is currently in a retracement AGAINST that tendency (ie is going down), we seem to realize a possible stage where the downward move could wind, and price could begin heading back up. This might be an approach to a Moving Average (MA), a Support (or Resistance) area (S/R) or perhaps a Fibonacci retracement level. We could then put an order, either at a point near your preferred place (in this instance it'd be a Buy Limit Order) or set a Buy Stop Order above the region, in the latter instance you'd be waiting for price to stop its decline and resume the main upward trend again.

    Trailing Stop: OK, so your egy has worked. Price hits one or other of your orders and is going in to profit. We are going to assume that you have a possible Profit Taking place in mind, and we'll presume its 100 pips off. As price keeps moving on your favor and you ought to make sure that you don't give too much back to the broker if price fails to keep its up move. So you decide to set a Trailing Stop (TS) of 35 pips. The moment your transaction moves into profit, your TS will proceed up with price - 35 pips behind. With most brokers, the TS will proceed a pip at one time so when your trade is 37 pips in profit, your 35 pip TS will guarantee a minimum of two pips profit. With each new high the TS moves up. If price retraces the TS will remain at its last position.

    Depending upon your broker you might have to keep your trading platform connected to ensure the TS keeps shing, and a few just move the TS each 5 - 10 pips. You will need to check with your broker
    I was thinking something like trailing entry will be helpful....didn't realize they exist !

    Any broker that has trailing entry you can suggest ?

    Thank you very much really.

  9. #9
    Quote Originally Posted by ;
    I was thinking something similar to trailing entry could be helpful....didn't realize that they exist !

    Any broker that has trailing entry it is possible to suggest ?

    Thank you very much really.
    It's more a language thing, not a regular broker related order kind.

    If you're watching price go up, also, for any reason, you want to go short at some time, you can decide on a sell order below price. If price keeps going up, and you still think it's due to fall, you keep shing your market order higher. That way you're trailing your entry. The broker won't place it, you must.

    It's like a Trailing Stop (TS), inasmuch that it moves with price but in this situation you're not really in a trade until the order gets hit. Whereas with the TS you're trailing price to protect the profit of a live trade. In cases like this, the broker will do it for you, subject to the conditions I've mentioned previously.

  10. #10
    Quote Originally Posted by ;
    I was thinking something similar to trailing entry could be helpful....didn't recognize that they exist !

    Any broker that has trailing entry you can suggest ?

    Thank you very much really.
    TradeStation

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