pranav_nanavare

Why Stop Loss Is Important ??

FX:EURGBP   Euro / British Pound
EXPLANATION : This is a 15 min time frame chart of EURGBP . It has formed Descending triangle pattern , after seeing this formation I take it early entry and Sl kissed me . Price moves in opposite direction of my Analysis , Now what can I do ?? Respect your SL , No revenge trading , No over trading , Find another opportunity , No gambling . This all things keep in your mind , If you want to be successful trader . Psychology matter :)

Lesson : Trade with confirmation
Ideal entry : Breakout & Retest , when support become resistance