The stopout seems to happen unproportionately more times than the TP.... makes you think about whats really moving the market
Trust me I've had my sl hit before daily major swings... and even on gold where its even more leverage... a 0.01 pip different between an SL and a few K in your pocket.
Just stop being paranoid about the SL. Of course they are gunning for them. Wouldn't you? Just set your SL according to the PA and trail it according to the PA as well.
Setting the SL to BE is another fairy tale. I don't want to BE, I want to make money. Leave the SL where you set it first, and if the PA warrants it, move it up later, but not at BE, move it where the PA tells you the trade will become invalid.
Attila I think I discovered where you got your signature from while reading Forex Price Action Scalping the other day. Almost word for word the same as what Bob Volman says in his book.
What you said here is exactly spot on. Exits should always be when the trade becomes invalid. Sometimes people leave at BE hoping for the big move. The big move may still be there, but after it stops you out @ BE
So take your profit and re enter higher when the trade becomes valid again...
People need to know this stuff.
sorry, you're correct, edited.
after a strong bullish daily candestick on EUR, now we see a full bearish candle without shadow. Is this a sign of retracement for tomorrow to these levels:
1.2730-40 zoon - change of polarity & SMA 14 on H4 timeframe
1.2688 - change of polarity
1.2627 - 23.6% Fibonacci retracement
1.2620 - Support (look with weekly timeframe)
1.2604 - SMA 14 on Daily timeframe
and .....
Guys what's in your mind, should we still buy the deeps?
and what you think about this bearish daily candle after that strong bullish daily candle?
lets talk...
