DislikedKarmostaji, I entered a short at 210.53 and a stop loss at 212.53
There was a serious draw down up to 150 pips against me. I did not close it cause you said its coming back down.
ThanksIgnored
Another thing, you have to keep on your mind, no one here is a market maker. So when we are spottiong a setup, it does mean that it is possible setup, but sometimes in reality can turn in opposite way (dissaster, Bank intervention, Political Speach etc.) So even if you are in position, you have to be on alert all the time, because anything can happend.
Now back to your question: I believe (but again, it is my believe, doesn''t mean that is correct) that we started Wave5 Down. and yes SL should be around that area 212,50.
BUT, BUT BUT again, be alerted, anything can happend. If some bank move the market, you have to be ready to exit the trade.