I managed to move my stop to BE+1 level for the Kiwi.Yen trade that I took last night, before I went to sleep.
Woke up this morning to discover that my stop had been triggered by that hammer bar spike, before price promptly went back up again.
Could this pair now run all the way to the moon, after taking my stop out in this rather wicked fashion? Sure!
But I couldn't care less, as this is how I control my risk - which is to move my stop to BE+1 as soon as the situation warrants it.
Next trade, please!
Woke up this morning to discover that my stop had been triggered by that hammer bar spike, before price promptly went back up again.
Could this pair now run all the way to the moon, after taking my stop out in this rather wicked fashion? Sure!
But I couldn't care less, as this is how I control my risk - which is to move my stop to BE+1 as soon as the situation warrants it.
Next trade, please!
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