Were at a trend change and Im trading with BTC on SimpleFX where the spikes are more common so I put my stops a few pips higher. Ichimoku_trader is right on this one just the SL he provided at 1.32900 was too tight.
Still he is a master trader for my oppinion.
Yes I am breaking the rules sometimes, aren't we all? Your call was right Ichimoku_trader I knew it. I was risking 600 $ of SL and was prepared to take that risk. So now Im in profit. Moving my SL behind the falling price.
The rules are what keep you safe and they are what insures that your account grows in a stable manner
If you had designed this trade originally with your stop level at its current level then good for you but if you changed it due to market developments, then you are playing with fire