Disliked{quote} And where is your stop loss in case things don't turn out the way you think they do? Your tp is unrealistic to me at this stage, seeing that we have yet to test at least 1.168.Ignored
I still say: with Stop losses others can literally run you out of the position at the worst possible time... Or the market randomness can run you out even if brokers cannot/do not in most instances. See the "Inversion Narrative" stuff here, that relates to brokers sponsoring highly-levered trading but also applies to Stoplosses... the point being that the industry will never teach/promote what you actually need to do:
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Think of it this way... so you want to be long, you have a stop. Your stop SELLS. Someone else will be the BUYER (!) when your stop sells. That buyer is probably a shark who knows what he/she wants getting a good price from your sell... and then it goes back in original long term trend direction. Ever notice how things jump around at stop levels also on low liquidity? People pull their orders so that only SLs sit there, then hit them if possible.
I cannot seem to find the source, but I saw awhile back on FF somewhere that the broker's user manual has a display for brokers where they can see average prices for order clusters, see what is hedged and not. I suppose that makes sense, but is still crazy that they can see average prices like that. Even if your broker does not run the stops, I can guarantee there is a market incentive for others to try when things get illiquid...
So yeah, enough rant. But I STRONGLY suspect that the thing about using SLs that is promoted by everyone came from the industry and is misguided due to conflict of interest.
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