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GBP/JPY intraday
Started Jun 9, 2014|Trading Journals|5 repliesI'll document my GBP/JPY trades on the live account. Wins/Losses are measured in risk to ...
#2 trade size error: BE wasn't properly prepared and entered wrong lot size. Closed immediately.
I'll document my GBP/JPY trades on the live account. Wins/Losses are measured in risk to ...
long from 6:14 am EDT stopped out 7:24 EDT, -1R
closed part 2 with 10 pips. (5 + 10) / 2 = +7.5 pips based on 28 pips position size = +0.26R
eu long 1.4148, takes too long to take off, closed part one with 5 pips, giving second part a chance to run on reduced risk
trade review: this time it was not a good decision to trail the stop too fast.
out at BE. moved stop early because of previous strong bullish swing and long bottom wick on 15min breakout candle. Rather waiting for a second chance setup.
stop for part 2 moved to below breakout level - looks like getting hit soon
part 1 target reached R+1.13 part 2 stop left at 1 pip above entry
EUR/USD — long from 1.4345, stop moved to 1 pip above BE
GBP/USD update — finally price hit my estimated target area and giving a second chance entry which I didn't take.
GBP/USD stopped out with 7 pips / 0.3R — based on 1hr chart I decided to give it more space for more bullish strength , so I decided to trail the stop moderately.