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	Forums ›› Currency Trading ›› Forex Trading ›› Hey guys, guess where my stop was!

jh02

Registered: Jun 2011
Posts: 3

08-07-12 12:17 AM

Yep, I thought placing a stop this far away on my EUR/CHF short was far enough away that they wouldn't hunt my stop. Wrong. This is robbery and we can't put up with it.

eurchf.png
This has been downloaded 157 time(s).

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MasterGambler

Registered: Jul 2012
Posts: 68

08-18-12 08:08 AM

That is called "Trading"...

If you can't handle the game then do something else!!!

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oldtime

Registered: Jun 2011
Posts: 7332

08-18-12 10:23 AM

not sure why you are using a stop on EUR/CHF, what's the worst that can happen? But then again, I'm not sure how you make money on that pair either.

hard for me to imagine trading that pair without averaging down, so your stop would have been where I would add.

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MasterGambler

Registered: Jul 2012
Posts: 68

08-18-12 09:27 PM

I think the EUR/CHF is traded by idiots holding short positions for the quick 5-10 pip spike downwards that occur every other day...

They think it's free money with no risk, but there is no such thing.

The OP needs to go learn to actually trade...

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marketsurfer

Registered: Apr 2002
Posts: 5403

08-18-12 09:29 PM

Never ever ever use stops when dealer based FX trading. It's like giving money away. N

surf

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