order buy 2.98 USDCADmicro opening at market sl: 0.00000 tp: 0.00000 failed [Market is closed]
Two boxes met upon the road.
Said one unto the other,
“If you’re a box,
And I’m a box,
Then you must be my brother.
Our sides are thin,
We’re cavin’ in,
And we must get no thinner.”
And so two boxes, hand in hand,
Went home to have their dinner.
How to Calculate a Stop Loss using Excel
I found a video entitled like this on Youtube. Dude, seriously?!
This is why many traders fail, because they have been taught that their trades must have fixed SL, TP etc. The markets are much more fluid than you think. You cannot ‘predict’ the stoploss or the takeprofit no matter how many calculations you make. You can, at most, estimate them… which case you do not really need so many calculations. Better focus your time and mental energy on something else.
I’ve managed to watch 30′ of that video, BTW.
EUR/USD: Bearish: Modest target of 1.0710. EUR/USD held below the 1.0920 resistance (high of 1.0876) and the down-move did not move below the 1.0777 support. Downward momentum is improving quickly and the current weakness is expected to extend lower. That said, the characteristic of the downward momentum is not impulsive and we have a modest target of 1.0710. Only a move back above 1.0840 would indicate that the immediate downward pressure has eased. GBP/USD: Neutral: Bearish phase has ended. In a corrective recovery now targeting 1.4450. The break of 1.4305 last Friday finally confirms that GBP/USD has made a …
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD – UOB @ Forex Factory (@efxnews.com)
It always amuses me how they manage to find the exact S/R levels in the highest volatility market which is forex.
1.0777, 1.4305, 1.0876 … seriously?! Are you sure?