EUR/USD Short Stopped Out, Reconsidering Anti-Hedge

December 9, 2008 21:24 by Jon

My EUR/USD anti-hedge short orders were hit, and then stopped out today, for a loss of 133 pips per order. 

I've been experimenting with the Jacko anti-hedge order for a few months now, and am reconsidering its place in my toolbox.  I know that many traders on Jacko's thread swear by it, but I've not had much luck with it.

I like the idea of getting back in the market in the direction of the trend after being stopped out and price starts moving back in my direction, but I'm not comfortable with blindly setting my entry at the price where I was stopped out and my initial stoploss such that I'm risking the same amount as on the original trade.

I would rather, after being stopped out for a loss, evaluate a possible re-entry based on the price action that has developed after being stopped out of my original position.  So this is how I think I'll proceed going forward, and we'll see how it works out.

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Categories: Trading | Discretionary Trading
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