GBPUSD Short the pull back

13 Tem 2018

GBPUSD Short the pull back

1.3169-1.3190 is a broken structure
and we can also see an Inside Bar fromed there.

Wait for price come to this zone and take a short

and aim 1.3050 / 1.2850
SL above 1.3280

13 Tem 2018

İşlem aktif

Sold 1 position at 1.3170, sold another position at 1.3200

16 Tem 2018

Not

Getting closed to the SL, but not yet hit.
Still in the trade, and stick with the plan.

16 Tem 2018

Not

Dont' forget the 2% rule. always calculate the correct lot size.
In this case, from 1.3190 to 1.3280 , risk distance is 90 pips.
if your account is 10k usd, 2% is 200 USD.
therefore the correct lot size is: 200 / ( 90 * 10) = 0.22 lot.

by doing this, you will set a pre-determined risk which you are comfortable with.

16 Tem 2018

İşlem kapandı: durdurma seviyesi

1.3280 hit, exit trade.
-90 pips

16 Tem 2018

Not

Don't open any trade now. just observe first.

16 Tem 2018

Not

see my new trading plan, now we have some patterns

16 Tem 2018

Not

16 Tem 2018

Not

All loss covered :)

17 Tem 2018

Not

17 Tem 2018

Not

instead of losing 2% for the first trade, now we have 4% gain for the 2nd one.
so together still have a net profit of 2% for the two trades