thank you feb .
Very good post, i always had the feeling i should leave the trade as soon as it turns against me but there are the books where it is written: stay to your plan and take the stoploss.
I think spezial in forex eurusd lot of traders sell a new High as a strategy.
Thats what stops a breakout over the top after 10 or 15 pips if there is no further demand fom the market.
This does not happens so often if the swing its the first of the eurosession and the swing is nicely formed with candles up up up ... 30 - 40 pips, a nice retracement not more then 50% , mostly it is exact 50% .
have a nice weekend all
Very good post, i always had the feeling i should leave the trade as soon as it turns against me but there are the books where it is written: stay to your plan and take the stoploss.
I think spezial in forex eurusd lot of traders sell a new High as a strategy.
Thats what stops a breakout over the top after 10 or 15 pips if there is no further demand fom the market.
This does not happens so often if the swing its the first of the eurosession and the swing is nicely formed with candles up up up ... 30 - 40 pips, a nice retracement not more then 50% , mostly it is exact 50% .
have a nice weekend all