Dislikedwow Wormboy! over a hundred pip stop. how do you guys do it? they keep telling us noobs to keep our stops minimal and the stops keep getting hit! frustrating! meanwhile cable is driving me crazy as it were. you keep expecting it to go down after being rejected at a key level and it keeps goin up. then it looks like going for the next level and you buy , then it starts to drop. then you re-plot and enter a sell@ the price you just mentioned. guess what..? it starts to rise towards your 57 pip stop that you put behind the preceeding key level!!! what...Ignored
If it helps you feel better, I lost a trade on cable yesterday too
Don't worry about pa, if you have a sell signal or buy signal, just react. Anyway historically, it is very rare that cable rallies for nearly 2 weeks without correcting. The last this happened was back on the 22nd July 2010. Guess what happened after. And we are above all, below a major resistance level.
Be patient.
Good luck.
Thank You