{quote} Ok. Thanks. But I am still confused. My SL has been exactly at your red line - plus the current spread. And as you see, the candle after my entry is already the candle that hit my SL. It didn't close there, but price just came around and said "Goodbye". If I get your idea right: that means I would have a wider SL in place (just for security - if everything turns mad) and a "virtual" SL in place, that when price closes there I will immediately exit the trade - but that comes with an increased risk. Otherwise, as said, for me there is no chance...
When I trade M5 I don't set a SL in the system. MY SL is in in my head. So I watch the market if the price closes above that one and then I will close it manually. And most of the time I do exit then. Of course ,"just" keeping the SL in your head there is the tempation to HOPE that price comes back in my direction.
(If it does, maybe there will be a new opportunity to enter)But thats the way I act, and I made good experience with doing so. I think everyone has to find his own way to deal with SL and TP. Someone will help it to put the SL in the system.
