DislikedReversal short triggered, trade closed at -112. Now we're in from 1.3910, with SL at 1.4061.
@ AlexL
I'm taking the pics while showing the scale as well this time. I hate cluttering up the thread with big pics.Ignored
Good luck
Peter
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DislikedReversal short triggered, trade closed at -112. Now we're in from 1.3910, with SL at 1.4061.
@ AlexL
I'm taking the pics while showing the scale as well this time. I hate cluttering up the thread with big pics.Ignored
Dislikedin my case long was close with -166 pips , and I think it payment for too long ride south and I have on my chart order sell from 1.3856 with SL 1.4061
Good luck
PeterIgnored
DislikedLol...J84_2....A good trader is like a pirate...ahrrrr....You have to learn to "sleep with one eye open"......or at least have a loud alarm clock...Ignored
DislikedPeter, I'm demo trading of course, but how is it possible to get such a big difference? Was the price moving fast on both occasions?Ignored
DislikedSETTING STOPS AND REVERSE ORDERS:
Looking from the sidelines and already giving suggestions:
The prudent thing to do in a 1000+ pip move is to watch
for an expected bounce and not consider it a reversal.
Most often there is the obligatory 'pause that refreshes' and
[i][color=blue]subsequent rebound or...Ignored
DislikedI think , You change SL for buy , but why , U need change SL for buy if it triggerred and befor that maked new lower on reversal bar ? SL for buy is lower from set up bar minus 5 and in that level we need put revers order sellstop with SL higher from previos bar.
I think it make sens
PeterIgnored
DislikedI am kind of confused here. I may need to go back to the rules,charts again.
Are my assumptions are correct?
1. We will be ALWAYS on a trade till weekend close (when we close our trades).
2. If there is a LONG trade which gets stopped, We AUTOMATICALLY trigger a SHORT trade (Irrespective of previous bar/setupbar/reversal bar qualifications?)
3. Same way, If there is a SHORT trade which gets stopped, We AUTOMATICALLY trigger a LONG trade?
Sorry, If my questions is are redundant.
Thanks guys for your time/patience/answers....Ignored
DislikedBar 2 Close - Now, this is where my questions come in - Should I have moved my STOP from the High of Bar 1 to the High of Bar 2 and also added a BUY Limit order at the High of Bar 2 ?
If I did the above on Bar 2 Close, on Bar 3 I would have been taken out and put into a long trade at the High of Bar 2 with a Stop at the low of Bar 2.
I appreciate any feedback at all here.Ignored
DislikedBar 2 Close - Now, this is where my questions come in - Should I have moved my STOP from the High of Bar 1 to the High of Bar 2 and also added a BUY Limit order at the High of Bar 2 ?
I guess that is my first question.
If I did the above on Bar 2 Close, on Bar 3 I would have been taken out and put into a long trade at the High of Bar 2 with a Stop at the low of Bar 2.
I appreciate any feedback at all here.Ignored
DislikedBar 3 Close - LONG STOP order moved from the Low of Bar 2 to the Low of Bar 3 and also added a SELL LIMIT order at the Low of Bar 3.
Bar 4 Close - SHORT STOP order moved from the High of Bar 3 to the High of Bar 4.Ignored