
Well it triggered and worked. Got up this morning and moved stop to just below break even. First and second targets hit. Still have two orders working. Will possibly take third order out and move stop lower then let the forth and last order stay in for the week end. Remember, I don't like leaving orders in over the weekend.
This is a good one to end the week on.
2 comments:
I too got stopped out and lost pips but re-entered after our conversation. i stayed in over the weekend and the last part of my trade is up over 300 pips. That gap on sunday kinda freaked me out though. what would have happened if it gaped up above my stop? I guess i kinda lucked out and now i think i see why you close trades for the weekend. Thanks for your help
If it gaped up??? Yea, that would suck. I have to remember that Forex trading doesn't stop for the weekend. Just because the banks are closed doesn't mean traders aren't trading. We've talked about this before and you know my position. If i happen to be in profit by 100 pips or so then i will consider leaving a trade in for the weekend. but just like the major announcements that i don't trade, I don't know what's going to happen. It's just way too risky for me. Wait until you get hammered on a Sunday open then you will really get what I say. And, you better have a broker that is open and you can call on Sunday to close your trade if need be.
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