I’m new to FOREX. Been practicing on a demo account on Oanda. Was watching EURUSD and my trailing stop loss was triggered during a 30 pip drop that immediately recovered. First time experiencing this. Is this a normal occurrence? I only saw one mention on twitter under EURUSD about it.
Looking at the other charts I see the same move to the USD from other major currencies at the same time. GBP/USD, USD/CHF, and AUD/USD.
Could’ve been a new event
Here is a little clue - when the market is thin - i.e. players sleeping or on holidays often there can be sudden swings - the timing - Asia closing, US still asleep and what about Frankfurt and the Europeans?
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Ah, didn’t even think about holidays. I haven’t been tracking volume yet too, I’ll start doing that today. Thanks for the tip.
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Oh great. This is the trading mindset. There will be loss, but to cover that loss, I have to work with a positive mindset. And the risk ratio must be maintained.
someone hit your stoploss purposely and go : absolutely normal phenomenon
this is why its so hard