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From the way I understand it, you only cancel a pending order when the profit target is reached for the open order, or wait until the next day and cancel pending orders before you open the new ones for the next day.
Hi All
I think most of us got caught out by that false breakout
I do usually wait a little bit after the 9.00 am GMT i.e 9.15 , 9.30 just to see if if falls , but this time it got me (the trigger was pulled dead on 9.30 ,damn it, and then fell).
Apparently, many traders close short positions which they had on over the night and hence the upsurge and then settling down to normal movement, especially if there is a huge trend in action , which there is at the moment
Coupled with the fact of S/R as you quite rightly say oh and also dont forget fundamental news, it all becomes a huge puzzle
Which is why we love it isnt it
Yeh ok , lets do the facebook , whoever wants to start it,