Forex Trading 2018- TA/FA- Setups and discussion, 36538680, page-4756 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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RickM

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16/11/18

20:24

Post #: 36538680
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Originally posted by Player 8: ↑

So I was shorting rallies in GBP late last night and then opened a position on the first bar of the chart I cropped at the green line. I set my stop loss at the red line above only to watch it get hit 15 minutes later and then the trade going the way I expected later on. This seems to happen way too often where I get closed out by a margin of less than 10 pips from my stop loss, (got closed by exactly 1 pip on the Nasdaq last night also).

Now I've read that it is a good idea to only have a mental stop loss that you stick to, but when I'm trading 5 minute charts the volatility can be pretty insane and it has cost me in the past. I know stop loss hunting is a thing but I was only trading one full lot... Are brokers really such scumbags that they're looking to ruin trades like that or was I just unlucky? (yet again it seems)

Any tips to get past this hurdle are appreciated. Thanks

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Last edited by RickM: 16/11/18
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