Sunday, October 9, 2011

Preparing for the break

I have stopped trading in the last days because of a health problem. I had only these trades a couple of days ago. As price was going to break the resistance (previous high), an intense movement forward and backward took place and my stop was hit. It was too risky to widen the stop, waiting for the almost sure (?) breakout. I have done this in the past and payed  a lot.. A tight stop method like mine is vulnerable when applied on breakouts. That's why I apply it mostly when price is in a mid-range.

4 comments:

Anonymous said...

Best wishes for your health,

Petr, Vancouver

The forexbird said...

thank you very much,Petr.

Hansi said...

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Unknown said...

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