GBPAUD
Updated
This is insane. im struggling to think how i would trade this. The best idea i see is.
1-Wait for 4hr close above resistance zone.
2-Wait for Retest
3-Wait for some sort of confirmation and try to target 80pips so atleast 1-2 trade.
4-Execute buys
PLEASE USE CORRECT RISK MANAGEMENT. Cut your lot sizes if the stop is too big.
£100= 0.01 lots
£1.000=0.10 lots
stops are quite big but this looks like a trade that will give good pips.
i dont care if we hit target or not, as long as i can catch 80pips and walk away with stops getting hit in profit i will be happy. And before you execute
accept the loss first,
1-Wait for 4hr close above resistance zone.
2-Wait for Retest
3-Wait for some sort of confirmation and try to target 80pips so atleast 1-2 trade.
4-Execute buys
PLEASE USE CORRECT RISK MANAGEMENT. Cut your lot sizes if the stop is too big.
£100= 0.01 lots
£1.000=0.10 lots
stops are quite big but this looks like a trade that will give good pips.
i dont care if we hit target or not, as long as i can catch 80pips and walk away with stops getting hit in profit i will be happy. And before you execute
accept the loss first,
Trade closed: stop reached
Not added to spreadsheet yetNote
Preferable should have waited for a daily close above this resistance zone. But i tried to get early entries as we did get a nice retest on the 4hr frame but then hit stops as i did get confirmation for buys on the 4hr.I also need to work on my stops as they have become larger, not the best week as stops doubled which isn’t good.
I also seem to do better on intraday trades than swing trades. So i have to work on that too. (Added to spreadsheet)
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