Wednesday, April 20, 2016

Successful: Short USDCHF

Took a short trade on USDCHF at the breakout towards downside. It was a pretty move and trade was closed at 11pm.
Seems like trading session is very important gotta trade at certain time to see some of the major move. Else you will be caught in the whipsaw.

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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