GBPUSD PROFIT

GBPUSD PROFIT

8th March 2017 contacttf

Trailing Stop Limit Orders. ... 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. The limit order price is also continually recalculated based on the limit offset.

I was a little late to get into the trade. I did not catch the pivot point [S3 1.2138], because the price moved to fast.

Stop was tight at UK budget news was pending at 12.30pm.

The trade moved up slowly. I gradually moved up, the stop under any Ichimoku or candle support.

Trade closed out after price hit trailing stop. It has been along time since I have seen a green arrow.

After trade analysis
Price bounced off the trailing stop twice, before sideways movement.

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.