My first live trade!!
Took "awhile" to actually take the plunge. A few times I had placed pending orders, only to remove them before they could trigger. Then it seemed that many pairs were moving down, down, down and I was in a quandry as to whether they could still move down as they were already at or well past their normals ranges.
But I finally let one trigger...eurusd short. I saw an IB on the Mt4 chart, and put the pending sell at price just below it's low on FXCM where I marked the top black line. H1 & D1 were both red, and it was below the daily open. It triggered and started going down...Great! I thought. Then it started going up..not so great. I hadn't put a s/l so my finger was poised over the close position button if it got to be more than -20...and it got to that point.
So then I decided, if I was going to lose this one, then maybe I could wait until it wiggled back down a bit and close around -10 instead. And it did go back down, and then in a couple of quick pulses, went into profit again and hit my t/p for +9