hello guys,
I am facing difficulty with trailing stops.I am stopped out because of the whipsaw movement,even when the market moves in the direction I thought.
yesterday entered short (EUR/USD) @ 1.3317 with a trailing stop of 15 points.It peaked to 1.3336 and then dropped to 1.3258.i was stopped out @ 1.3332 ending my deal in a lose.
How can i use this trailing stop in a better way.If i use a higher trailing stop points then I might loose on the gains that i have made.Is there any other mechanism where i can control it more efficiently.I was wondering how position traders use this?
Thanks
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