hi maya, so far how many wins and losses? tq
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DislikedHave entered short GBPUSD today at about 5.40 pm (GMT+8). At time of posting it's almost reaching the point where I'll move my stop to break even, which is 30 or so pips. Might be possible to achieve the 50 pips target today on Monday itself.
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Dislikedhi maya, what if it doesnt reach target and also SL..it just hang on there...just let it open till tomorrow or?Ignored
DislikedI breakeven when it's 33 pips in profit. So far I didn't specify a expiry time for the trade, so I let it either hit the 25 pip SL, or 33 pips to breakeven. Once it reaches 33 pips, we don't lose either way. We either make 0 pips, or 50 pips.
So few things will happen:
Stop loss hit: 25 pip loss.
33 pips profit: Move to break even
- SL hit, 0 pip loss
- Target hit, 50 pip win.
I've learnt that trading defensively works best for me.Ignored
DislikedHere's an update of the current trade. Came close to the stop loss at breakeven, seems to be heading back down perhaps. Either, even if stop loss is hit now, there is no loss. Hope for the best.
Thanks to all those who's been supportive.Ignored
DislikedYep, stop loss hit at breakeven. No loss made today. No more re-entry for today, will look at the charts again tomorrow same time.Ignored
DislikedYep, stop loss hit at breakeven. No loss made today. No more re-entry for today, will look at the charts again tomorrow same time.Ignored
Disliked...
By the way, since you enter the position for GU at 4.35PM (GMT+8), what I can say, the GBP news always come out at exactly 4.30PM. Why do you prefer to do PO after the news? instead of riding the news? ANy comments on this?
Another thing is, cancelling all the PO at 7.50PM means..you are avoiding US market. ANy specific reasons for that?...Ignored