DislikedTried shorting EUR/USD, not based on structure flow but on order flow ( at least I think ). got taken out when protected the trade {image}Ignored
1) Protect the trade by moving SL to BE
-> getting stopped out and missing the major move.
-> already earned X pips, but giving it back to BE+small pips...
2) closing the trade after making X pips
-> then missing out on major move.
3) never moving SL
-> and getting stopped out!
Of the three options, seems like the first option is still the best.
My third trade today was TERRIBLE. Price moved favorably, and I did not shift SL to BE. I went out for dinner happily. Came back and ended up price took a U-Turn and stop me out at a loss of 28 pips.
My fourth trade also got stopped out at BE. Price moved favorably +13 pips, so i shift SL to BE. Gotten stopped out as I was typing this.
But as Damian always says, a small profit is also a profit. Let's be content with it.
Maybe January is a bad month hahaha! Or some evil broker is hunting stops.