I was hit by Stop Out (S.O.) while trading FOREX today. It's Wednesday and I feel bad that my FXOPEN trading account go flat. However, I still manage to stay "green" because I've made more than 5000 cents pure profits after two weeks of doing this. I've withdraw around $50 so far, but unfortunately ... after a big profits from Babypips (Pick of the day) trade idea, I tried to be smart which end up with Stop Out.
The problem is, I go against the trend without any stop limit. I set the profit limit and leave. When I check it again, everything is close due to Stop Out. On daily time frame, the movement is turning red (going down), but H4 time frame suggest a blue movement (going up). As I put my trust into the wrong time frame, I go flat. Now, I understand that my technical indicator is compatible with 4H time frame. Next time, I have to trust H4 time frame pattern.
The problem is, I go against the trend without any stop limit. I set the profit limit and leave. When I check it again, everything is close due to Stop Out. On daily time frame, the movement is turning red (going down), but H4 time frame suggest a blue movement (going up). As I put my trust into the wrong time frame, I go flat. Now, I understand that my technical indicator is compatible with 4H time frame. Next time, I have to trust H4 time frame pattern.
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