DislikedHi Dan,
Its funny you mention the long e/u from 1.4900.
I was in it last week from friday aswell. However, i "rushed" to move the tsl upto 1.5000 when price peaked at about 1.5080. And as you can see it fell and took my stop out, only to continue up again lol.
I guess i still need work on the mindset. I seem to struggle watching how it falls like it has done, only to continue in my direction.
Any advice as to how I can work on this fault of mine? Maybe silly question, but maybe you´ve done the same before in the past with less experience...Ignored
Don't worry about that - I've done exactly the same thing many times before. The thing is that you are protecting yourself from taking a loss or sometimes ensuring that you take a profit... and that is fine.
I used to have a similar problem which is why I decided to take a mechanical approach to the stop loss as I realised that over the course of time if I kept strictly to the "100 pip" rule my trades went on to make more than if I had closed out too early.
I think the only way to overcome that "problem" is with experience. At least it was for me anyway!
Regards,
Dan