Stop Loss Triggered on Short EUR/USD Position

Suffered a 30 pip loss for a stop loss order that was triggered yesterday on my short EUR/USD position.  Price has since fallen away, but risk management rules were followed which minimized exposure. 


Here are the details on the trade:


July 7, 2014

• 
  
• Short EUR/USD @ 1.36057, July 7
• Limit Order = 1.35758, SL=1.36358
• Potential Gain:  30 pips
• Risk:  30 pips
• Result:  -30 pips (July 9, 2014, BOUGHT @ 1.36358, stop loss order triggered, upside was expected to be limited and price has since fallen away, risk management was such that SL was placed slightly below the expected cap
• POSITION NOW CLOSED

For more information and analysis on this trade see Forex Focus Daily, and Forex Focus Weekly, available to clients with accounts with Forex.com.

Performance Summary:
Today:  -30 pips
This month:  -40 pips
Cumulative (since June 23, 2104):  +20 pips

Portfolio: 
No Open Positions
Open Orders:

• July 7, 2014, Order to Buy USD/CHF @0.88832, good until cancelled
• Associated Orders:  Limit Order = 91.5, SL=0.882
• Potential Gain:  267 pips
• Risk:  63 pips

Disclaimer: 
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