Look at the beautiful formation. Look at the rounding off as the price starts to descend... I entered when the price took out the previous bar's low. Price continues to fall... And JUST when I was about to move my stop to breakeven, the price suddenly reverses just enough to take out my stop, then continues down to hit my target.
Arggg....
I've been studying the 1 minute charts for the last week. If my rules were followed, there should be very few blips like this. I'll be willing to chalk this up to just bad luck if this doesn't happen too often...
My broker is an ECN too, so I don't suspect that they were the ones to take me out. But since they do provide level 2 data, I guess other traders can see my stop and they were the ones who did it?
Hmmm... We'll see how often this happens. I might have to formulate a different stop tactic...
Arggg....
I've been studying the 1 minute charts for the last week. If my rules were followed, there should be very few blips like this. I'll be willing to chalk this up to just bad luck if this doesn't happen too often...
My broker is an ECN too, so I don't suspect that they were the ones to take me out. But since they do provide level 2 data, I guess other traders can see my stop and they were the ones who did it?
Hmmm... We'll see how often this happens. I might have to formulate a different stop tactic...
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Money missed is better than money lost