PaulRon, It was bound to happen sooner or later and we just got caught. I know one thing I learned, never ever ever never ever again trade a large stop near a support or resitance line.
I'm both concerned and relieved here, as the stop for this position was never set. I logged in this morning and looked at the move overnight, and it should have hit my stop. So I came here, posted that it hit my stop and opened my browser to see the position still there. I checked and saw there was no stop set at all. Of course, it's nice to not have been stopped out, but I need to understand why this occured. I enable stops by default - I do not know why the Oanda platform did not set a stop. Either way, the position is open and the SL is set for the original SL. Hopefully it won't be needed.
Forgot about this one.... EUR/ISK went straight down to 120.69/121.29 (over 350 pips) after an 85 pip drawdown, 60 of which was spread! 2 out of 3, 1 break-even
Since i don't have a clue on how the market going to shape up today. I am working a long and short entry. Long eur/usd @5020 stop@4999 target @5100 Short eur/usd @4965 Stop @4985 target@4850
Thanks Ivan!!! It's trading day 10 since you started this thread Ivan, how is the Ivan score holding up? My current 10 day trading status previous 7 trade totals http://www.elitetrader.com/vb/showthread.php?s=&threadid=132941&perpage=6&pagenumber=13 trade 8 61 pips trade 9 -10 pips trade 10 5 pips trade 11 -100 pips (OUCH!) trade 12 72 pips --------------------------- Net +172 pips 12 trades 8wins 4 losses trade 11 killed a good run, but hey, nothing like a bad trade to keep me humble, focused and remind me that trading discipline is an absolute must!