GBPJPY SHORT
Updated
This is only to keep record of my trades.
Not financial advise. Thanks
Not financial advise. Thanks
Trade active
+-50pips in profit.Note
+-80pips. moving sl to break evenNote
+-130pips in profit. closing 50% of my positionTrade closed: target reached
closed full position for 130pips. 1:2RR. price at a position with lots of resistance potential and it could reverse from hereNote
Post analysis-Entry was good, i waited for price to reach my point of interest
-Moving of SL to break even is part of my plan and i waited for it to reach at least a 1:1RR before moving it
-Closing of 50% was also part of my and it around half way to my expected target
-Closing of the remaining 50% was not part of the plan. Should have waited to see if it was going to reach final targets. lost out on additional 100 pips of profit.
Conculsion: Need more work on managing my trade when it gets triggered and not get emotional or price watch. I am a swing trader and i need to give price a chance to do its thing.
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