DislikedGbpJpy trade: 1st of March, 2019 I am short...we have being on a very strong uptrend...trend is still up, but at the stage I took this trend, I am hoping to see some correction...that's my thought. I have as well reduce my position size nicely should in case it did not go my direction. Happy trading to everyone. {image}Ignored
Trade Update: Gbp/Jpy trade as explained ealier:
I knew that we are in a strong uptrend, so when the trade was taking longer to fall in place with my analysis, I simply moved my stoploss few pips further away to give my positions more room to survive price fluctuations; and thanks to God that deadly tail that shot to the north before the reversal to the south did not touch my stoploss; I took 6 trades with very small lots, and the total is giving me about +$30 dollars.
See chart below.
Happy New Month to everyone!
May you be more disciplined this month and make real pips!
It is well in Jesus name!
Thanks to Phillip Nel!
Glory to God!
3