Matthew answered JustinJones's question on 14 Jun 2017, 23:42:07

Do you mean that you're looking at different timeframes?

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Matthew answered JustinJones's question on 14 Jun 2017, 23:40:20

There is no simple answer to your question, but I am sure you will get plenty of advice on this one. It is something every trader who uses SLs has to deal with. From what you describe it sounds like your SLs are just too close to the current price movements and are not giving price enough breathing space to wiggle around, as it does! Expressed in words, your SL should be at a point where, if reached, the reasons or setup why you entered the trade originally are invalidated. However, there will always be occasions where even the most sensibly placed stop will get hit on a sudden reactionary price spike to some unexpected news or event.

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Matthew answered JustinJones's question on 14 Jun 2017, 23:39:12

I was entering my trades through market execution. However, much recently as I have a better understanding of my trading style and personality I began to see the need to use pending orders. Stop order is my preferred entry order. This gives me the opportunity to confirm my setup with specific price action/signal.

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Catkathyy answered Joseph's question on 14 Jun 2017, 08:00:18

If you open two opposite positions with the same value date – e.g. buy EURUSD 100,000 and sell EURUSD 100,000 – they will net out and you will in reality have closed your position. Next trade date, the positions will net and disappear from the open positions list.

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justinjones answered dacepollard's question on 14 Jun 2017, 00:04:40

If I am not wrong then business, financial news make currency pairs UP and Down too fast, besides it there are many other factors.

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kimm answered dacepollard's question on 14 Jun 2017, 00:03:19

yes

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