DislikedHere are a few profitable trades today to offset the loss this morning. EURUSD (+33 pips) - This is a channel failure trade where I entered when the upward trendline was broken. There was quite a drawdown but channel never crossed back above the SMA so I held on. {image} GBPUSD (+55 pips) - Shorted this channel cross alongside EURUSD. Price could potentially keep falling but I decided to take profit as I know I can get a bit emotional and exit at the worst times when prices retrace and I go from profit to breakeven. Still trying to work on that!...Ignored
If you struggle with retracements, I suggest you think about taking partial profits and letting some run. That way, if you catch a big runner, you can at least profit with some of your original position. But, if you'd rather stick to one entry and one exit, that's fine too. 88 pips is a nice haul.
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