Dear friends,
I had discussed about the trade in GBP/AUD which i took on 4th.
As it has happened to millions of traders and trades in the past ( and will happen in the future ) - my SL was taken out exactly and then the price reversed to my intended take profit !!
HOW MANY TIMES THIS HAS HAPPENED - EXACTLY OUR SL IS TAKEN OUT AS IF THE MARKET KNOWS OUR SL !!
SUCH THINGS HAPPEN - LESSON IS - VERY TIGHT AND NARROW SL LEVELS WILL BE TAKEN OUT - ATLEAST 10 PIPS HIGHER THAN THE PREVIOUS HIGH SHOULD BE THERE - I PUT IT EXACTLY 1 PIP HIGHER - THAT SL WAS TAKEN OUT AND then the price reversed more than 100 pips.
Happy trading, Kutty
I had discussed about the trade in GBP/AUD which i took on 4th.
As it has happened to millions of traders and trades in the past ( and will happen in the future ) - my SL was taken out exactly and then the price reversed to my intended take profit !!
HOW MANY TIMES THIS HAS HAPPENED - EXACTLY OUR SL IS TAKEN OUT AS IF THE MARKET KNOWS OUR SL !!
SUCH THINGS HAPPEN - LESSON IS - VERY TIGHT AND NARROW SL LEVELS WILL BE TAKEN OUT - ATLEAST 10 PIPS HIGHER THAN THE PREVIOUS HIGH SHOULD BE THERE - I PUT IT EXACTLY 1 PIP HIGHER - THAT SL WAS TAKEN OUT AND then the price reversed more than 100 pips.
Happy trading, Kutty
