Quote:
Originally Posted by tymen1
Ah yes!!
I forgot about the spread which you have to pay first.
For me its 6 pips in Dealbook.
To Pizal and Lavaman :
I am not exactly sure what your problems are here?
I posted the chart to show that the trade is very straightforward.
Enter at 155.70 and ride it down for 50 pips (+- 1/2 pips  ) |
Hey Tymen,
Your chart is at too high of a timeframe to show what really happened. Price passed 155.70 briefly before shooting up about 145 pips, so any kind of reasonable stop loss would have been taken out for sure. The only way to have made 50 pips with an entry at 155.70 would have been to have a stop loss over 145 pips away, or not use one at all (which I know you do not advocate
).