DislikedI wanted to post a move I made in my stops on the EUR/JPY short. I am now going to lock in 200 pips. The chart shows what caught my attention. I have a couple of long days ahead, (work wise) so I won't be paying to much attention during long stretches of time. This way, I know I will get paid.Ignored
I followed you on this with a demo account. I've taken half already and now planning to trail stops behind resistance areas.
However, what do you do when the price falls out of bed without any obvious retracement to show the resistance? Do you move it behind where resistance was likely to have been? E.g. we're down to 126.7 now, past previous 4-hr resistance around 128.7. Would you put your stop behind that or wait for price action to show resistance? I'm thinking it could well bounce off 125.8.
Cheers
Jellybean
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