Reply To: Setting Stop Loss & Trailing Stops.
Hi Susan, can I just double-check your placements…
e.g. if you were a buyer in EURJPY at 136.285 your tight stop would go below the low of the candlestick that gave you the entry so I’d expect a price lower than 136.285. And your loose stop would be lower down still – beneath the latest lows. It looks like you’ve got your initial stop losses higher than your entry point from what I can see. Have I read your prices as you intended? Remember the stop loss marks the price at which you would exit the trade if the market moved against you.