I'm creating a self review journal for my profitable trades in other to reflect on them and pin point the things I am doing right. This was a 1 to 6 percent trade but had an opportunity of reaching 15%, so the question how do I make should I get that next time. if you have comments and advise please send them because it would go a long way.
This was a missed trade on GBPUSD, based on the vertex style of smart money concert
looking to short the market after a retest of the resistance in h1
After the breakout, we will enter at the close of the bearish candle at 1:2 risk-reward ratio, so we remain neutral for now
entered the market at 1.10728 after the formation of 2candle up and 2 candles down pattern on the hourly timeframe. Took the overall trend in the direction of the daily timeframe. stop-loss was placed at previous support in the hourly timeframe at 1.10284 and take and take profit from the daily at 1.09820
After price reached monthly resistance and reversed am looking to enter a short at the retrace from the h1 time frame
potential short from the monthly resistance Trade entry at h1 after a flag formed from the sell retracement. target daily support by trailing stop-loss
I'm taking a long position using the h1 as entry after seeing a w pattern form and a retest of the neckline. hopefully, the price will get resistance at 1.10542