Going long here with my mega stop-loss in account A for the long side and my hedging stop in my secondary account for the short.
Bank of Japan is rumored to be heavily in the market so i DO WELCOME any savage spike.
Those spikes are the breakfast of champions while they are the nightmare of traders using tiny stops.
Stop hunters? Please come in...
Note: I use 2 accounts as my "friendly" brokers does not want me to hedge. Please let me understand why... ;-)
Guys... pay serious attention if you are part of the 90% - 95% Club losing money... Just sayin'.
No need to get rid of you trusted set-ups. Just see if you tend to be speared by stop-hunting.
If you a breakeven or almost breakeven trader, stick to your set-ups (my first recommendation) while spending a couple of minutes investigating this type of dual stops.
This might be ALL you need to beat the snot out of the guru who is about to sell you a pricey forex course.
Best to all of you.
Feel free to chime in if you can improve this mouse trap.
We are all in this together: African, East Euro, South American traders, ,etc.