Just closed main order here at 1.2170.. -15 pips loss but +7 pips win from 2nd order = -8 pips loss in total for this sucker punch.. That's how you minimize losses and even turn your losses into BE or little profit..I hope it helps to give you the idea how important it is to stay calm!!!! *Whenever facing a sucker punch the goal is to first unload the burden without panicking to be able to start from scratch!
{quote} No need to answer Ata. I got it. You made a good management on you in loss position. Inspired. Thanks
{quote} i will hold on to my long position till ..81. which i think AROON up should hit 100 on 15m but i also think it is possible to go to 1.2191+ , on hourly cart , i will take my chances
{quote} When you comment about custom indicators it is always good to share a chart.. Only for standard indicators a chart might not be needed.. Thanks for your cooperation.. Best wishes
Just closed main order here at 1.2170.. -15 pips loss but +7 pips win from 2nd order = -8 pips loss in total for this sucker punch.. That's how you minimize losses and even turn your losses into BE or little profit..
{quote} Try giving a chocolate cookie Ata. That will work 100%
{quote} What i'd usually do is, A gap of at least 25 pips between 2 orders, which would allow me to minimize the loss and time to navigate.
{quote} I need to go cookie shopping first.. you ate them all..
You better buy whole truck and hide some.
I think it becomes this wedge.
