Here is a prime example of why we place Buy/Sell orders..
Price floated about 7-10 pips over the pivot, and was then rejected.
Your Sell Stop 30-50 pips below pivot would have never been opened.
This is why we ACKNOWLEDGE these levels!
Things MIGHT happen in our favor in these levels.
It was a potential set-up that fell through.
This will happen often. Just remember that patience thing Lg and I spoke of!
Price floated about 7-10 pips over the pivot, and was then rejected.
Your Sell Stop 30-50 pips below pivot would have never been opened.
This is why we ACKNOWLEDGE these levels!
Things MIGHT happen in our favor in these levels.
It was a potential set-up that fell through.
This will happen often. Just remember that patience thing Lg and I spoke of!