Sometimes it happen but this is one rare ocassion and I am really stunned. I was holding a long position on GJ. I am in profit of about 100 pip with a stop loss of 50 pip from my entry point. Guess what. The market turned down 150 pip in one move, hit my stop loss and now its flying.
This has nothing to do with the broker, it is just the market is cruel. No matter who, you will get hit sooner or later. In order to hit me, the market has to move 150 pip againts the trend. What an honour I must say. 150 pip is much more than most people TP.
Enough said, all pairs should have a steady climb from now on. If you are holding long at the moment, make it long term.
STOP LOSS HUNTING. THE MARKET IS CRUEL
Wednesday, November 26, 2008
