Call me superstitious but I swear the same thing happened to me!.Well its not that it fits better. I think at the end of the day the stop really does not matter where you put. If you are right your right. It brings up the profits if not stopped. I am slipping up as of late on my entries though which has made me call into question the tight stops. I have been relooking at everything from my trades and I think the tight stops are fine what is changing is my screen time. I have not spent the time to pick out that perfect entry lately. I used to not spend alot of time reading charts but I used to watch very closely when my entry was setting up. Now I seem to just look at the daily and 4hr and enter as before I looked all the way down to the 15 min. Once all were closely alined then I would enter. Heck I have even sort of bragged on here about I can trade profitably only looking at charts for an hour or 2 a week. While so far that is true I am starting to question if it will remain true over the long term. To be honest here I dont think it is. I have started to realize I am getting careless on my entries and instead of finding a pin bar setup that I love to trade on the daily or 4hr then dropping to the 15 min and looking for the same. I am just getting in and saying I am right so why bother. HEHEHE we all know where that leads. My account equity has gone up lately but to be honest I call it more flatlining. This tells me my overdew drawdown may be around the corner. As I know draw downs are inevitable that does not mean you should accept them before hand and not try to avoid them. At first I blamed it on my stops, Oh they are just to tight. So I made them wider. All that did was give me more breathing room, which is not a bad thing. However I dont think that is the root cause of my problem. I have now have started to come to the harsh realization that I have developed a habbit of not doing the homework I should be doing. Just like the trade I am in now. To be honest if I had done my homework on my entry I would not be in the trade as of right now. I had no confirmation on my lower time frames. Not saying this trade is wrong but I almost think deep down I deserve to take a loss to smack me around a little.
I think this thread might have a little to d with it as I made it to show how I trade and how you can make a profit shorting bull markets. This is the best pair to show that as it goes up an up and up and I keep shorting. Since making this thread it went nowhere fast. So I think thats a factor into why I am rushing my trades. I have to realize I am not here to post trades. I made this to show how I trade. I trade very low risk very high reward setups. So I dont need to trade everyday, every week, even every month (although that does get frustrating) and my account will be just fine. So it is what it is I have alot to work on here as its now a habbit. There easy to form but hard to break. I will keep posting what I am looking for as well as my trades as I feel it gives others an idea of how I short bull markets. I also like seeing your posts as we have different looking charts but we seem to be on the same page most of the time.
Well anyway in the time it has taken me to type all this looks like I will probably get my loss. My stop is at 1.0440. I also notice I lied about my 20 pip stop its 30 pips. I got in at 1.0414 with a 4 pip spread. So BE is 1.0410. I thought my stop was lower, what ever I should look at the chart while I post lol. So what ever happens will happen and I will post it. Sorry for not posting my live trade but I have gotten hacked around this site I little to much so my trading account must remain separate to protect me. My broker fixed it and told me it was from youtube videos. I dont think so personally as I dont really watch videos much. They did see all the ICT videos I download from the Utorrent file a while back so I think thats why they thought that. Who knows and who care now. I was going to use my desk top to use the internet and keep my trading on here but that computers is to slow for me. Works great for trading though. So My live account is not on here only my demo MT4. Which I dont like because the prices on the demo with forex LTD differ from my live account due to the face the demo is variable and my broker is fixed at 4 pips. 4 pips is high but it never changes even in new events. I have only got 2 re quotes ever and those were from me clicking enter and when it asked to confirm it I waited and waited then price was no longer close. Yeah you will get a re quote then. Enough typing but if I get stopped Yunnys chart is spot on I will look a tad higher though about the monthly R2 on your chart. Even though it will be another month soon. That is about the 128% fib of the steep drop off.
Anyways sorry for the ramble. Yunny just send me the bill for being my psychologist on the night.