The 3 Duck's Trading System

Got out of this position with +26 pips. Although it may look like I was stopped out, that did not happen in FXCM so you could say I got a little lucky? Or not? Remember, when you plots charts and trade on low time frames such as the 5 minutes, it is extremely important to understand what price is being quoted on your chart. Is it the Last Traded Price, Last Bid Price or Last Offer Price? Or something else? If you trade visually, always remember to use your broker’s charting package rather than one from another service provider.