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  #2392 (permalink)  
Old 27-10-2009, 19:31
MykeFX's Avatar
MykeFX MykeFX is offline
Senior Member
 
Join Date: Mar 2009
Posts: 118
Default

Quote:
Originally Posted by swissforex View Post
Hi guys

about one of my four trades(see my yesterday post)..

on NZDUSD stop loss hitten
maybe I've set up too thight my s\l

I guess it's my fault,but I'd like to know your opinion

my S\L was 0.7501,so it was my mistake!

BUT this is my question:

S\L LEVEL should have been set to the opening price of the first bearish candle or above the little shadow of that candle??
thanx
According to the rules I believe the SL should be above the previous high, or about .7640 area.

Cheers,
MIke.
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