GBPUSD accumulation pattern, lots of upsdide IPA. low risk Buy opportunity.
2 Trades
1. Entry sniped off 1 hour Insitutional Candle mitigation
Manually secured 4% and desired to catch the rest of the wave up with a re-entry.
(Secured 120 pips of the 300+ move)
2. set a limit at acummulation structure that was the mitigation of the mitigation
never came back. left without me :(
Lesson learned. either twin trade or only find definte re entries before securing profits. in summary let the winners ride. set limits to re-enter and keep original position in.
ideas :create a better take profit strategy
2 Trades
1. Entry sniped off 1 hour Insitutional Candle mitigation
Manually secured 4% and desired to catch the rest of the wave up with a re-entry.
(Secured 120 pips of the 300+ move)
2. set a limit at acummulation structure that was the mitigation of the mitigation
never came back. left without me :(
Lesson learned. either twin trade or only find definte re entries before securing profits. in summary let the winners ride. set limits to re-enter and keep original position in.
ideas :create a better take profit strategy
Note
GBPUSD ending up moving up 700 pips from original buy position!!! Crazy market conditions. Must update strategy to pay myself and hold at the same time. Twin trading to be implemented
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.