DislikedHi TradeStar,
I took the same trade, and was also stopped. At that time the market was very very lazy, and I was thinking that it might not be a good idea to enter a trade. Then, I have decided that t h i s t i m e I shell keep the rules...........
For some reason, my loss is 2 x 22pps, although the bar is only 14 pps. I belive I make a mistake with the spreads. As you have corrected me yesturday regarding the orders - can you, please, give me an example (with numbers) of how would you place the orders for that bar ?
I have a question also to Jarroo - why do you think the daily U/J trend is up ? I learned to use the EMA200 for the daily trend, and it shows a down trend.
Appreciate your replies,
Shefa.Ignored
IB with range 103.95 - 103.80. I want to buy 1 pip above and my SL is 1 pip below, spread is 3 pips. This will be a buystop, price is 103.99 (103.95 + 0.01 + 0.03) with SL at 103.79.
Sell example:
Same IB range gives a sell stop at 103.79 with SL at 103.99
As for the trend, just remeber that there's always trends within every trend. The M1 trend might be different fromthe M15 trend and so on.