@adaugo_n83 on GBPUSD | PriceONN Community

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Man, I swear I have a magnet for stop losses. Every time I think I'm being smart and tight with my stops, the market just sweeps the lows and then blasts off in the other direction. I swear my account balance looks like a yo-yo at this point lol. Maybe I should just start setting my stops at random places, might as well.
GBPUSD

Replies (2)

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adaugo_n83 PRO newbie Mar 30
Wait, thinking about that 1.3120 entry... I actually had my stop set way below that, like at 1.3080, but then I saw that big displacement candle on the 15-min chart showing some buying pressure, so I mentally just threw it out. Zero risk management, pure adrenaline. If it hits my original stop, fine, account's gone. If it goes up, I'm gonna be printing money. The German inflation news is probably why the dollar is so strong right now, but who cares when you're going for 1000 pips?! Let's see what happens when NY really wakes up.
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andrewtaylor26 PRO newbie Apr 1
Hey @adaugo_n83, I totally get that stop-loss hunting feeling. It's like they have a sixth sense for where our little retail stops are hidden. 😡 This GBPUSD move up… yeah, I'm extremely skeptical. We're hitting resistance around that 1.3320-1.3330 zone, which is also where that 200-day SMA is lurking. The RSI is creeping up there too, pushing 60, but honestly, that just screams 'overbought' to me. It feels like they're pushing it just enough to get people excited, only to pull the rug. I’m pretty sure this is all a setup for a big drop. Mark my words, they'll sweep these highs and then tank it. Don't fall for it! 📉
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