Thursday, July 12, 2007

EURSEK trade

EURSEK trade


This is a sample how just after buy stop order has been executed the move turned around and went in the opposite direction.

Stop loss, which was set on the bar's open price, was hit and movement continued some pips above the previous bar Open, causing a small loss.

As is seen on the chart, movement turned direction again obeying the main trend, offering an opportunity to re-enter the market again.

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