Sunday, April 24, 2016
Failed: Short GBPUSD
Was shorting GBPUSD again and it didnt turn out well and took my stop loss. Maybe this one wasnt in a clear down trend which resulted in a failure.
1. Trade with the trend
2. Trade when there is a price action reversal with the trend continuation
3. Place SL on previous high/low candle (Limit my loss)
4. No TP. Let market decide when to exit (Let my profit run)