I've just been trading for a few months and am trying to absorb everything that I can get my hands on. In my trading, it always seems that I'm on the wrong side of the swing. What I'm suggesting, is that I will post the transactions that I've made that led to a reduction, and expect I'll receive feedback on what I've done wrong or want to improve upon. I expect others will benefit and learn from my mistakes. Many thanks.
In the trade below, I purchased GBP/USD on a bounce from the lower trendline at 1.8626. I was 40 pips in the money. So I moved my stop reduction to 15 pips below the trendline, just to have taken out for a 1 pip loss. Now you can see that it's creating a small climb again. Can I set my stop loss too near?
I attempted to import the image into this message, but I do not believe it worked, so I've attached it.