EUR/USD Beginner Level trading
WOW! 27 pip SL is massive.
The stop needs to be where the stop needs to be and that is away from your entry signal. In this case my entry signal is encircled in blue.
Long on eurusd with 27 pip SL
So, as per the report you posted, 11500 is like saying 1.1500? Also, I can see price rising towards 11500. Will you be holding the trade open til 11500 is reached, perharps adjusting your SL to secure profit along the way?
Also want to know why they are called PNT trades and who is responsible for executing them
Yes, 11500 is the same as 1.1500 and no I will not be holding the trade till then. Once my TP is hit I am out. However there is a strong tendency that price will rise till 1.1500.
So, as per the report you posted, 11500 is like saying 1.1500? Also, I can see price rising towards 11500. Will you be holding the trade open til 11500 is reached, perharps adjusting your SL to secure profit along the way?
Also want to know why they are called PNT trades and who is responsible for executing them
They are called PNT becase these trades are Privately Negotiated Trades executed in a darkpool so as not to cause any noticeable spike on the charts. PNT trades are not a daily occurence infact you may fine 1 or two in a month. PNT trades are executed by institutional players like hedge funds for the purpose of hedging their exposure in other investments.
Price has finally gotten to the 1.1500 PNT trade level and has started falling.
Wow, so theres more to price movement than just technicals!