This is directly related to me :13: I and I’m sure a lot of other newbies would really appreciate it too. Seems one has to tread lightly with some of these so called brokers, but would help if there are those that have already gone down this road.
Hi Eddieb, the way to minimize that is to look at the most recent high(for long trades) or low(for short trades) and place your SL about a few pips away from there. That should save you that pain most of the times.
Why is that helpful ? The reason is that the market is likely to do the same thing over and over again about 80% of the times. It does odd things in about 20% of the times.
Please keep in mind that because it seems strange behaviour to you may not necessarily mean that is true. It may very well mean that you didn’t get the joke the price was telling you because you probably were not aware of that pattern.
me and you are the same my learned friend, I sit there and watch my trade once it makes any turn I’ll take profit and vamus. but always make sure there is no news or any important event while you are tradin, becos if you are tradin wen any news goes against you, my bro. you wont able be to close the trade and b4 you know it your 40 pips profit will turn to 100 pips loss
The way big money pushes the wicks to stop out and then use those orders to push price in your direction after all. Toying with 1 and 5 sma panel on 4hr chart and squeezing chart unless I want to see. Have observed some s/r lines not seen on candles, yet appear on the 5 sma…interesting.
Yeah there are many interfaces in various applications that are very tuff to use or it is stuffed with many unwanted logic’s making it complicated to use.
The boredom that comes with staring at charts. The arrogance of random forum members across the internet who are so self-assured yet know so very little. The amount of woo and esoteric nonsense some people peddle. Having to pay the spread (but that’s the game).