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I had my stops taken out on that spike and had to make a re-entry on EURJPY.
(I actually add more positions it made another pullback after that spike). Not a bad ride, even though it was short. |
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Yes, it slipped down sniffing out lazy trailers. Didn't do a very good job of it though as most of the (trailing stops) damage was a little farther back beyond 162.50.
I guess you compounded your position at the stage on the graph below? Sensible trade, nice play
They got 165 in their sights to test tough upside supply stepped to 166.50, with layered stops back to interim defense @ 163.25 back to the b/o zone @ 161.50.