GBP/USD trading

Why not use a stop?

 

yeah should use a stop, so you won't lose more..

 

GL to you pal...seems you are lucky man and you'll close the trade by the end of the week!

 

Yes, but one day your luck runs out, and your out of business - sooner or later bad money management (not taking your losses) will kill you.

 

I usually use stops, but for some reason decided not to on this one, and with all the negative news about the US economy , I decided to leave it alone.

 

Once you relay on news-you see big loss.
Do not change money Management rules, if not, they will change your balance!!!

 

1.9555 stops being eyed...

 

What happened with GBP/USD in this Christmas trading? On my chart it went from 1.9750 to 1.9582 in a few seconds :eek:

 

japanese bank buying.. more likely stop clearing...

 

Thanks. Any link to the news?