Quote from tradingjournals:
E/U at 1.4596. Could the thinking of the current buyers be something like: 6 pips stops and let time decide what would happen?
Now E/U at 1.4607. Could the thinking of the bulls who entered at 1.4596 be something like: if we take 11 pips profit on half the position and keep stops on rest as initially planned, is there a risk to the overall trade?
Update: by the time the post was finished being typed, E/U is at 1.4615. Could the thinking of the bulls be something like: would it be too late if we do not raise the cost of stops, and secure some profits at this stage?
