GBPUSD BREAKEVEN

GBPUSD BREAKEVEN
29th November 2016 contacttf
With a stop-on-quote order, a trade will only be initiated once the price reaches a specified level, or trigger, called a stop price.

My charts were not fully lined up. RSI [Colours, Pink and Green] on 5 min was not perfectly setup.

I moved my stop down today, to protect against a loss.

A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.

Trade closed breakeven

A SELL trailing stop limit moves with the market price, and continually recalculates the stop trigger price at a fixed amount below the market price, based on the user-defined "trailing" amount.

 

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