I was stopped out last USDZAR trade . i´m re-entered short as it is on track with the initial strategy..
6 Trading Rules :
1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade
I like how you think. What was your stop initially?
Realisto_FX
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Ops I forgot to include SL on the text. I don´t remember where was the stop as it was 3 months ago :-) . However my max. SL allowance is 1-1-5% from entry point. I trade on daily , with some exceptions in 4HR
Realisto_FX
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UPDATE : This time seems following through ... move stop to 12.00