I went long GBPUSD at 1.9555 with my usual 50 pip trailing stop. Unfortunately for me, it spiked down, took out my stop and then continued on it's merry way topping 1.9670 at one stage which is over 100 pips away. These things are frustrating but they happen. Oh well, I took a 50 pip loss.
As I mentioned, I am watching price action on the S&P and I missed a great trade. If you look at the black upwards trendline I have drawn on the chart, you will see that the market used this as support as it made it's way up a few times. It then broke this support line and chopped for a bit even bouncing off this as overhead resistance... this would have been a good short or, to await for confirmation, a break below 1362. The market then just fell and there would have been some great profits
The USDCHF trade I put on a few days back woke up and shot up this morning. I left my 50 pip trailing loss and it gradually ticked up... if you look at the graph, you'll see that I got out early once again (most frustrating!) but this time I stuck with my plan and didn't touch it. The market touched 10400 but when you're spreadbetting the spread can work against you. My stop first got to 10251 and then 10352 when the market was at 10400 or so and then came crashing back to hit my stop before mo
