Forex - Price Action - Timing of Trades

Place orders ahead of time and less often do market orders.

NOTE: A general theme that shows up is about 70+% of all institutional orders are placed at prices ahead of time, while <30% are market orders.

  • Pay attention to key support and resistance zones.
    • These ‘zones‘ are where to place orders.
  • How long to hold:
    • Shorter holding periods will often require a smaller stop.
      • Will want to get as close to the support/resistance level as possible to create the smallest stop available while maximizing the upside.
    • Longer holding times will not require as much precision and will likely have a larger stop loss to avoid getting kicked out of minor swings to capture the underlying trend.