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| Moving stop loss forward |
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Bigsteely
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| Post subject: Moving stop loss forward |
Post rating: 0
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Posted: Tue 10 Jan, 2012, 11:41
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Can someone explain why it is possible to move the stop loss with some currency pairs, but others you can not. I am shifting my stop loss in the direction of the way my trade was set to go. So for example with a long trade, I am moving my stop loss higher.
In my current situation I was short the GBP/USD pair and the price was already 95 pips away (winning trade) but I couldn't even move my stop loss to break even. Why is this?
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Armands
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| Post subject: Re: Moving stop loss forward |
Post rating: 0
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Posted: Tue 10 Jan, 2012, 13:29
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User rating: -
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Stop Loss can be moved, it just has to be 10 pips above or below entry price. ( See contest rules). Best wishes.
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