Hi guys,
Can you please tell me how exactly TS works.
I had a long position EUR/JPY last night. I had a TS 630 ( 63 pips) to take care of it.
At 2:35 ( gmt+1) it reached 134,956. So , if I am reasoning correctly, when it dropped south, it should have been stooped by TS at 630 points + spread, so it should be ca. 134, 335.
Instead , it was stopped at 133,475, which is almost 1000 (100 pips)points lower. Why is that?
Can you please help me to understand this?
Can you please tell me how exactly TS works.
I had a long position EUR/JPY last night. I had a TS 630 ( 63 pips) to take care of it.
At 2:35 ( gmt+1) it reached 134,956. So , if I am reasoning correctly, when it dropped south, it should have been stooped by TS at 630 points + spread, so it should be ca. 134, 335.
Instead , it was stopped at 133,475, which is almost 1000 (100 pips)points lower. Why is that?
Can you please help me to understand this?