Really, you can only predict how the market will move up to a certain point after your entry. My personal opinion is that you exited at the right place, because it could have gone all the way up to your entry before coming down. Besides, if you entered with a tight SL just above your entry, you would've gotten a very good risk-reward ratio at your exit, which I think is good enough

the only advise i could give from my newbies perspective is to do a proper analysis before you go with your entry and trust your analysis. if you want to swing, stop using ts. ts will ruin analysis even if your analysis were actually on your favor. you can use use different tf to confirm a reversal then manually exit a position with acceptable confirmation.

TS or SL is still necessary no? because you can't be monitoring 24 hours and get out of the trade in case of reversal.

SL is a must. as i always say, with proper risk management and money management, SL will not burst account although there might be slight losses. You need to understand and accept the fact that losses are normal in financial trading. What matters most is you are in the gain zone in the overall.

SL is a must. as i always say, with proper risk management and money management, SL will not burst account although there might be slight losses. You need to understand and accept the fact that losses are normal in financial trading. What matters most is you are in the gain zone in the overall.

Precisely, that is what I thought TS are supposed to protect our capital & let the profit run since I cannot be monitoring 24 hours. Hmmmm ... any other suggestions?

Hi! Need some feedback / comments on my live trade.

My overall outlook on GBP/USD is downtrend.

I SELL GBP/USD on 6-Jan @ 1.46688. When profit was around 85 pips I set Trailing Stop @ 75 pips. After that I left the trade running since I was protected by my Trailing Stop.

However prices reverse and my Trailing Stop was hit and position closed (7-Jan) with 64.1 pips profit.
Subsequently after about 10 hours from my EXIT, the prices reversed down again. So I felt a little bit frustrated with my Trailing Stop.

Any suggestion on how to improve my trade? Thanks.

Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

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Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

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Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

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Are you a technical or fundamental trader?

You seemed to have entered at the top, so I am curious.

Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

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Haha, then I guess you'll need to post here then. Who knows it might just solve your problem.
Nope, its too volatile to trade. I know someone who scalps NFP here though, was it 9kingsir?

Precisely, that is what I thought TS are supposed to protect our capital & let the profit run since I cannot be monitoring 24 hours. Hmmmm ... any other suggestions?

from my super noob perspective, create 2 trades position ( separate your lot size) .. if you playing in swing.. which probably u wan to get 100pip.... 1 position u set the TP... another position u set the the TS...

Appreciate your suggestions. Thanks!

haha.. a noob answer from me.. keke

Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

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Hi guys,may I ask who know UON brokers?