Jashfx
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Not looking too good today guys. I suppose I'm not the only one in a short trade!
Not a good week thus far for FMT (-40pips Alpari UK)
out !!!!!! 40SL
I thought we had a loss Monday as well......
Out -41 pips SL.
Two losses in a row. Today was the exact replica of yesterday. It seems at frankfut open some very big player/s are pushing the markets in the opposite way. Just look at the candle - I think it was 30 pip candle on 15 mins.
Also the first candle at london open reached just to the exact pips and took out our SL of 40....as if somebody new that we have 40 pip SL... Darn that same candle now is reversing after touching the SL....
Hmmmm........ I guess above is my wild imagination.....
Well lets see tommorow.
by the way how many consecutive losses were found in backtesting. ..
If the market now trades lower for the rest of the day (already back to entry point!), we'll be well miffed!!
Yes - the only people who are still in this trade, if they'd opened around 1.6150 would have needed a SL of more than 46 not to have got taken out at 1.6195 + broker margin
wiseambitions,
Do you add spread on top of 40 pips? Let say in this case it was 3 pips. So do you set SL to 43 pips?
Yes - the only people who are still in this trade, if they'd opened around 1.6150 would have needed a SL of more than 46 not to have got taken out at 1.6195 + broker margin