Hi all,
Please help me with my todays trade. I took a good entry on this chart arounf 128 then price broke out of Day high and retest the support and on second retest fall below the intermediate support of 129 taking away my trailing SL and then moved raidly ahead without me. I am very frustrated please help if my TSL was too conservative? should I taken a reentry around 129.5?
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From your entry to 1:40 high there is no mpl, so you can't trail your SL that way, but in vertical moves SL can be trailed previous 2bar low. You would have been stopped out that way also but you could have reentered after it bounced of the EMA.
In order to trail it to just below consolidation low, the 1:40 high needed to break (which it did).
By the way your entry was very aggressive that too below (EMA) can you share why you entered there?