My 17th VSA Trade (Live).
Executed Order.
GBP/USD - Short
Date: 16-Nov-10
Time: Alpari 12:15
Entry: 1.5981
Initial SL: 1.6011 (-30 pips)
Initial TP: 1.5951 (+30 pips)
Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume with UpThrust show sellers.
Break down Horizontal Support line.
Enter on Low of Up Bar.
Hull Red on H1 and M15.
Attached:
M15
Entry (small Yellow horizontal line),
Initial SL (small Red horizontal line),
Initial TP (small Green horizontal line).
I will inform of exit result no matter it is profit or loss.
Final Result.
The above order hit SL: 1.6011 ( -30 pips).
** Please comment on analysis.
Trade Management:
- Entry Short too early.
- Mistake was did not wait for Test of recent Horizontal Resistance.
- If waited for the Test, there was a second entry that had a good run down.
- Missed second entry due to timing of Limit entry. This would have resulted in a good run down.
Please comment on how to improve this trade ??
Thanks,
FB.
Executed Order.
GBP/USD - Short
Date: 16-Nov-10
Time: Alpari 12:15
Entry: 1.5981
Initial SL: 1.6011 (-30 pips)
Initial TP: 1.5951 (+30 pips)
Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume with UpThrust show sellers.
Break down Horizontal Support line.
Enter on Low of Up Bar.
Hull Red on H1 and M15.
Attached:
M15
Entry (small Yellow horizontal line),
Initial SL (small Red horizontal line),
Initial TP (small Green horizontal line).
I will inform of exit result no matter it is profit or loss.
Final Result.
The above order hit SL: 1.6011 ( -30 pips).
** Please comment on analysis.
Trade Management:
- Entry Short too early.
- Mistake was did not wait for Test of recent Horizontal Resistance.
- If waited for the Test, there was a second entry that had a good run down.
- Missed second entry due to timing of Limit entry. This would have resulted in a good run down.
Please comment on how to improve this trade ??
Thanks,
FB.