Hi Sedonapipper
Good question
I think my sell signal was correct. Please let me know what you think about my entry point.
My big error IMHO was I let my stoploss be hit. I very rarely let a stoploss be hit. I normally cover my position earlier and hence limit my losses. On smaller time frames, I was getting a buy signal at 4942, so I would have covered around 4942 to 4944 but I was busy posting or reading posts so I paid the price.
Also it is possible that I should have been adjusting my sl in 1 pip increments as advised by feb2865 and this involves intensive screen time and not posting etc. The market moved in my favour by 7 pips so I should have lowered my sl from 51 to 44 anyway and turned a 14 pip loss into a 7 pip loss.
I look forward to your comments
regards
emtee
Good question
I think my sell signal was correct. Please let me know what you think about my entry point.
My big error IMHO was I let my stoploss be hit. I very rarely let a stoploss be hit. I normally cover my position earlier and hence limit my losses. On smaller time frames, I was getting a buy signal at 4942, so I would have covered around 4942 to 4944 but I was busy posting or reading posts so I paid the price.
Also it is possible that I should have been adjusting my sl in 1 pip increments as advised by feb2865 and this involves intensive screen time and not posting etc. The market moved in my favour by 7 pips so I should have lowered my sl from 51 to 44 anyway and turned a 14 pip loss into a 7 pip loss.
I look forward to your comments
regards
emtee