DislikedMaybe higher stop loss should have been considered here as price usually makes higher highs than closin price in this selling scenario.
Or in situation like we had here where price of 1.5800 was visited already we could look at what highs the market made, and if its in proportion we could put stop/loss a little higher than that. By doing so you would have avoided this trade close.
Yeah I know it's easy to speak now when all is done, but maybe that stop/loss strategy would help in future. And also maybe we should avoid placing stops at round numbers, as price tends to pull toward them. I would say placing stop loss 20 pips away from round number would be safe in most cases.Ignored
We'll see what happens next time. It's a work in progress. Only been trading this way for a little over a month now.