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mccarthy · 05-11-2002, 18:31

HI i am new to this game and am currently practicing on a demo account, and trying to get a bit of a feel.

I seem to be having a bit of a problem in setting stop losses and was wondering if any one had some suggestions.

As an example last night Aus time i was trading betwen ressistance and support bands for the ERU. I entered a short position at 1.0013 and set a limit around .9990, and a stop at 1.0025 should have been a profitable trade at the end of the day with the ERU around the .9990 mark this morning except that the ERU spiked up to 1.0032 and kicked in my stop loss.

I am not sure if any one can help i seem to be either setting the stop losses to short or too long. Any suggestions would be appreciated.

Thanks

05-11-2002, 18:31	#1 (permalink)
mccarthy level 1 Join Date: Nov 2002 Posts: 3 Rep Power: 0	Stop Losses HI i am new to this game and am currently practicing on a demo account, and trying to get a bit of a feel. I seem to be having a bit of a problem in setting stop losses and was wondering if any one had some suggestions. As an example last night Aus time i was trading betwen ressistance and support bands for the ERU. I entered a short position at 1.0013 and set a limit around .9990, and a stop at 1.0025 should have been a profitable trade at the end of the day with the ERU around the .9990 mark this morning except that the ERU spiked up to 1.0032 and kicked in my stop loss. I am not sure if any one can help i seem to be either setting the stop losses to short or too long. Any suggestions would be appreciated. Thanks