FC -
may I ask why you placed your stop at 1.7920 when you were short at 1.7891? A more logical place for the stop to be would have been above the recent high at around 1.7905 surely? It could be taken that a breach of that high would signify failure of the lower high, and a strong sign of a reversal.
Not critisicing, just curious you understand.
I am looking into FX as an alternative to my current instrument, and from reading your comments, none of you fellas seem too keen on locking in profits or playing with stops fairly close to your entries, so I am curious as to the reasons why : from my dabbles of late, FX seems to respond much as any other instrument in terms of price action, thats all.
RR
Edit : just to give you an idea of what I mean - I went long on eur/usd today at 1.1887, with a stop just under 877. Then moved t b/even as it moved away from 892, and a bit more as its now moved up from 909.