That would've given my initial, second, and third carry profits a risk/reward of 0.50, 0.75, and 1 respectively - hardly a trade I or anyone else would take. I would have a commerce with greater compared to a 1 to 1 risk/reward ratio in my trading When I paid heed to this 20 MA offset in placing stop losses trading both the 1 and 4HR charts. I put my stop in the previous high since all it'd take if this resistance around 131.80 is broken would be a greater low for bullish bias to seep in and move against me.Originally Posted by ;
The actual problem is price not respecting key levels and moving frantically and unpredictably in whatever way it and/or the market manufacturers choose. In this case, it was nearly 100 pips up prior to the true move, taking me and I am convinced a lot of other frued retail traders from this sport. Probably the 4th time it's happened in the last two weeks because I still can not figure out a long term, maybe not trade by commerce, solution to entering positions that ride price easily while avoiding the ones preceded by whipsaws, sudden consolidation, random price action, etc.. I am being carried out on deals in the present time since it's difficult to be cautious of these unexpected happenings while grabbing the quick and thoroughly voluminous moves.