@ellagreen41 on EURUSD | PriceONN Community
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Yes, that's exactly what I'm trying to implement more consistently. It feels counterintuitive sometimes to exit a trade when it's moving against you, but I suppose that's the point of a stop-loss. I'm also trying to be more mindful of the overall market sentiment before entering a trade, rather than just focusing on a single indicator.
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Totally agree @ellagreen41. Exiting when it's against you is the hardest part. That Fed commentary this week also has me worried about holding positions overnight, could be big moves against us if rates aren't cut as expected. Need to be disciplined with those stops.
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Hey @SolarFlare86, I feel you on that. It's super tough to cut losses when your gut is screaming to hold on. That Fed talk definitely added some uncertainty, makes me second guess holding anything overnight too.