CHRISTO9HER
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Day 3
Hi guys,
I woke up this morning at 6, after 4.5 hours sleep, hungover, but ready for a good day's trading.
I had four trades today in GBPUSD, 3 losers and one winner. I made a pip-loss but a small £-profit, mainly because I kept the losses pretty small and the winner was pretty good.
I bought the early morning breakout @ 1.9981, only to get stopped out (I bought pretty near the top of the rally).
I then managed to get a good short trade in which gave me a profit of 28 pips.
I had two further (failed) shorts in which I got stopped out. The problem that I am having is that I am getting into my trades after price movements in the direction in which I am taking the position. However, it is often the case that after the price movement, it is due for a retracement. This can often occur just after I have entered in which case I get stopped out. I need to think of a way of getting into my trades after the retracement, not before, which is what I have been thinking about today.
Anyway, I felt like I traded badly today, made a few mistakes and yet I still managed to balance the books and break even, so I'm not disappointed.
I am now 42 pips up for the first 3 days. My account is up 1.6%.
Have a good night guys!!
Hi guys,
I woke up this morning at 6, after 4.5 hours sleep, hungover, but ready for a good day's trading.
I had four trades today in GBPUSD, 3 losers and one winner. I made a pip-loss but a small £-profit, mainly because I kept the losses pretty small and the winner was pretty good.
I bought the early morning breakout @ 1.9981, only to get stopped out (I bought pretty near the top of the rally).
I then managed to get a good short trade in which gave me a profit of 28 pips.
I had two further (failed) shorts in which I got stopped out. The problem that I am having is that I am getting into my trades after price movements in the direction in which I am taking the position. However, it is often the case that after the price movement, it is due for a retracement. This can often occur just after I have entered in which case I get stopped out. I need to think of a way of getting into my trades after the retracement, not before, which is what I have been thinking about today.
Anyway, I felt like I traded badly today, made a few mistakes and yet I still managed to balance the books and break even, so I'm not disappointed.
I am now 42 pips up for the first 3 days. My account is up 1.6%.
Have a good night guys!!