GBPAUD trade from earlier today. The 2nd entry was not pre-planned, it was an after thought when the price moved up the 1st TL and could not breach the HL from the previous upward move in when monitored on M1 chart. Original TP at 1 was missed when the price came close to it, but I didn't account for the spread and it is an average 4-5 pip spread. Missed 2nd exit as I was waiting to see if it will get back to #1 point, however it started forming series of LH's and on the next bottom got out 3/4 of overall size, left the 1/4 running with SL at Daily open. Closed half of 1/4 when price bounced back from nearest low and closed the last half of 1/4 when price bounced back from the absolute low at that point in time. It did continue to fall further after that and started retracing half way through now. I'm happy when I got out.
Both entries combined should had been a total of 70 pip or 35/Avg (25+35 pip) because the TP1 was missed, I ended up with a total 44 or 22/Avg, thanks to partial exits to an extent last partial which was about 25% of 2nd entry raked in almost as much as 100% of the 1st entry.
Laura - Thank you for keep reminding and posting about the partial exits.
Older chart with number markings:
Final chart after all partials are closed.
Both entries combined should had been a total of 70 pip or 35/Avg (25+35 pip) because the TP1 was missed, I ended up with a total 44 or 22/Avg, thanks to partial exits to an extent last partial which was about 25% of 2nd entry raked in almost as much as 100% of the 1st entry.
Laura - Thank you for keep reminding and posting about the partial exits.
Older chart with number markings:
Final chart after all partials are closed.
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