I am VERY new to Forex. I have been trading futures but like to play Forex on my sim account at present....and I love it if only I can break this problem.
Anyway....I've been setting up bracket trades around congestion and pivot points to capture breakouts. I found I was getting my stops hit prematurely so I increased my buffer by making my stops further out. Still no luck. So what 'they' do is get me in the trade, charge me at an inflated market price then it goes against me! ARGGGGH!
You will see in the attachments on a GBPCHF trade that my stop was set at 1.75660 but the price never exceeded 1.75610. Huh?
Is this because of the spread (which I'm still not fully aware of or is it the way I'm setting up my trades?
Thanks a lot.
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