Let us just say YOUR BROKER has some living things in the offices, and they control the price (and they know where your stoploss is !) ---- anyone trading GU uses a VERY large stop loss, because of the tremendous moves the currency makes (which is why its so popular to trade -- lots o profit !)
What you did was place your stop loss close enough for the broker to "spike" the price OR the price moved sharply down on a lower timeframe than you were watching,
While I will not advise you to do this because you do not yet have the experience to identify the main trends, but I NEVER USE STOPLOSSES so never live thru what you did.
NOT using stoplosses requires excellent money management techniques to keep margin from being endangered AND a secure knowledge of what the main trend for the currency is --- it is NO place for the inexperienced trader ! (If youre trading with the TREND, even if you miss your tp point, TOMORROW it will hit your price, and probably higher !)
but returning to your question, you're setting your stoplosses TOO tightly !
enjoy and trade well
mp
Quote:
Originally Posted by maccavity
Is forex a sort of a living organism? I opened long position on 16 January at
1.9565 with a stop loss at 1.9535 (GBP/USD). The pair went down trigerring my stop-loss and immediately went up. So, the trade was missed.
Today I went short on EUR/USD at 1.4825. The price went down in my favour and I put protective stop at 1.4821. Couple of hours later the price got back to hit my protective stop and plunged again. The profit is 4 point! 
How come that the Forex (I will capitalize this holy creature  ) knows what I do?! Point for point!
I suspect the Forex is Solyaris (check the links and see).
Solyaris (1972)
Solyaris (1972) - Plot summary
Any explanations? |