Open long position: long Close long position: close the long Open short position: short sell Close short position: close the short It may be an overdo. In old times people use phone call to place orders and this could avoid miscommunication.

Do you prefer to say buy/sell

For me the box size matters in different trading sessions. I tend to use two box sizes: a normal size for market hours with high trading volume, and a smaller one for after-hours.

How to trade Renko charts?

A thoroughly considered stop-loss order is essential if it is supposed to have a smooth curve in the long run. No stop-loss means to handle the most important trading aspect, the risk control, to the market. And all I know is that the market is ...

Trading with no stop loss

How to Trade in Stocks by Jesse Lauriston Livermore. Writing in the first person, best fit for an audiobook. Old school and honest contents, classic and no gimmicks. His inner thoughts and psychological struggle on emotion control and risk ...

Trading audiobooks

This is likely the On-balance Volume (OBV). Calculation: 1. If today' current price is higher than yesterday's closing price, then: Current OBV = Yesterday's OBV + today's trading volume 2. If today's current price is lower than yesterday's closing ...

anybody know this indicator?

An OCO order (one-cancels-the-other order) will definitely help eliminate the psychological effect of trading. It will place a pair of two pending orders right after you open a new position, one for take-profit, one for stop-loss. They are connected ...

MT5 EA needed for specific direction and pair

This is most likely the MACD Forest bar alone. The MACD indicator usually shows a composite of MACD line, Signal line, and Forest bar. The chart managed to display only the Forest bar (by Histogram style). That's why it looks unfamiliar. The Forest ...

Could you tell me the name of this Indicator