Borris
GBPUSD (Closed)Trade Management
-SL to break even at 3o pips
Journal
-In Yesterday's GBPUSD trade we were unfortunately taken out at breakeven with no profit secured.
We got the direction incorrect on this trade so a positive I can take from this is that I am glad I stuck to my trading plan bringing SL to breakeven or we would be sat in drawdown and capital would've been at risk.
-Looking back at how I could've improved on the trade management side of this trade I would have brought the stop loss into profit as we were dropping towards our target.
We were running at 2.5% profit so it would've been nice to secure at least a fraction of that
Moving forward from this trade I am going to look at moving stop loss into profit as we get further towards our target without risking being taken out of the trade prematurely.
Result
- 0%
WHO F****** KNOWS NOWmore delays for brexit should see big gap down and a return to retest previous lows.
if deal is agreed then we should see gap up and continued strength in the pound.
honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions.
As a young person in the UK i feel my views have been forgotten about. To anyone over the age of 50, should not be able to vote simply because it is not their future. At this moment in time i just want us to leave, this is not my political view, it is simply so that we can stop going in circles and sort the country out.
anyone think i should be PM?
ORBEX:GBPUSD,EURUSD -A Real Brexit Deal, OR Another Failed Vote?In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors!
Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend!
Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie all up!
Meanwhile, the #EUSummit continues.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
GBPAUD SELL TARGET 1.8000 (HEAR COME THE BEARS PART 2)-SELL OFF DUE IF WE CAN STAY UNDER WEEKLY RESISTANCE
- DONT FIGHT ANY CONSOLIDATION BATTLES AWAIT GOOD CONFIRMATION
