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Why Stop Loss Is Important ??

Euro / British Pound (FX:EURGBP)  
pranav_nanavare  
FX:EURGBP   Euro / British Pound
Support and Resistance Trend Lines Triangle psychology mindset emotions EURGBP stoploss stoplosshunt eurgbpanalysis
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supportandresistance trendline triangle psychology mindset emotions eurgbp stoploss stoplosshunt eurgbpanalysis
EXPLANATION : This is a 15 min time frame chart of EURGBP . It has formed Descending triangle pattern , after seeing this formation I take it early entry and Sl kissed me . Price moves in opposite direction of my Analysis , Now what can I do ?? Respect your SL , No revenge trading , No over trading , Find another opportunity , No gambling . This all things keep in your mind , If you want to be successful trader . Psychology matter :)

Lesson : Trade with confirmation
Ideal entry : Breakout & Retest , when support become resistance
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