Free Forex MQL Training
Free Forex, Candlestick Charts, and MetaTrader Training
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| Whipsaw |
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| Written by Al Parsai | |
| Sunday, 01 February 2009 | |
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Whipsaw refers to an incident that the market hits your stop loss prior to moving in your favour and even reaching your profit target. There are times that you enter a trade and the price moves against you till it hits your stop loss. Then the direction of the price reverses in your favour and even reaches your profit target. In such cases you would say "I have been whipsawed".
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| Last Updated ( Tuesday, 10 February 2009 ) |
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