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Oops, I Got Stopped Out of My Trade 

Last Updated: July 31, 2019

By Rayner

After you get stopped out of your trade, what do you do?

For me…

I like to ask myself if the trend is still intact.

If it is, I’ll look for entries to trade with the trend.

And this is what happened to me when I got stopped out of my NZD/USD trade.

Also, we’ll look at a major mistake new traders make, when trading the Head & Shoulders pattern.

I hope you’ve enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

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  • Hi Rayner,

    I did a similar mistake last week. I did a trade and forgot to check the weekly chart, and finally I revealed that the weekly chart has higher high and stopped exactly above the EMA 50 dynamic support [as you teach us 🙂 ], and the trend go on up. It was a good trade, because I learnt something else 🙂

    Thank you!

    Shlomi

    • HI thanks for the weekly analysis .please now realise why i do cut of trade
      since i always base my trade on one time frame thus the daily
      so now i have to shuffle through 3 time frame for more confirmation and stronger trade set up
      thanks for the explanation

      • Hi Scoan,

        Great to hear it made sense to you. Yes trading aligned with the higher time frames would increase the probability of your trades.

        I’m hoping to hear more from you in the near future 🙂

        Rayner

  • Rayner,

    I see your view on the EURUSD. What do you think then on the commodity markets? Are you seeing crude (33$)/silver (10$) /gold (980$) if USD trends towards 0,85? Then I guess USDCAD would be rising towards 1,4? I am not asking you to guess the future although try to get your view on correlation between different trades.

    Mostly I am interested on silver if it does a close below 13,5$. Thanks.

  • Hi Rayner,

    I like your advice to trade with the higher time frame context or trend. Would you look at anything else when considering market context?

    Regards,
    Michael

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