I actually put a buy stop at 1.4055. That was just a very quick scalp with a very tight stop (6 pips) because the last three times it hit resistance it took a few tries and small retracements to break through.
To illustrate the difference between an experienced trader and an inexperienced trader, Pipp and I both saw the same opportunity yesterday, both took the same trade, I made 8 pips, he made over 100. My problem was placing my stop way to high to guarantee a profit rather than accept a possible 15 pip loss in turn for over 100 pip gain.
To illustrate the difference between an experienced trader and an inexperienced trader, Pipp and I both saw the same opportunity yesterday, both took the same trade, I made 8 pips, he made over 100. My problem was placing my stop way to high to guarantee a profit rather than accept a possible 15 pip loss in turn for over 100 pip gain.
