Technically that stop would be perfectly valid but it's a little bit too aggressive for me
I am used to being far too early and am prepared to give the market time to move around so I picked a much bigger level in my view based on the hourly charts.
I have also just gone long eurgbp at...
One of the many many things I have learnt over the years is patience..and still have more to learn. It is not unusual for me for trades to be offside for days at a time in the beginning- I spent years missing opportunities waiting for the perfect set up so am happy to be a little earlier and...
Thought I would start contributing too. I am not a day trader and mainly look for swings over days.
As of this morning, jumping on the Aussie trend and long from 10102, stop 9970, target around 10500.
Edited to add: this is on aus/usd.
To have these two results you are clearly taking on a level of risk that is too big for the size of your account. I have seen it too often - and from this a whole host of other problems flow.
I am sure it will have already been said but you should sort out your position sizing.
And demo...