Thursday, April 21, 2016

Successful: Short GBPUSD

Took a short trade on GBPUSD and got a bumpy ride but in the end, it went down and close trade in the early morning. This could well be a lost trade if I didnt hold on longer and it didnt hit my stop loss. Anyway just glad that everything turns out well.

Trading Plan:
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)

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