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Originally Posted by FXOpen
Very usefull information for me atleast 
To be honest, our users face it first time, so thanks for the help. |
atleast i know it has nothing to do with my computer being unsafe
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EU is back, too bad, i have three big sell trades, more than -200 pips in total
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oh man! that should have hurt,my trade was closed at +100 when the news was strenghthning the dollar, i therefore hit my stop, which btw was a trailing stop. the loss you made suggests you are'nt one of those traders who jump around at +20, if this is correct you should have Sl's in place, and if you did actually hit an SL at -200 that to me is bad money managment. My strategy is based on an initial stop (which ofcorase is in neigitve pips) and it is purely based on the charts. i look for the nearest support/res level to rest my SL at. the next step is to move it manually as the position progresses starting off with moving it to a breakeven at +25, then if i am around the pc i keep a check on it or else i just trail my stop at +25 on the regular pairs and +35-40 for the volatile ones...
try not to set SL's too tight nor too loose to end up in a situation like above.
hope this helps a bit...