Dislikedi thought this one another 2 week trade , i did not expected to hit tp or sl this soon.
it would be great if you could post small explanation with each trade
always i am scratching my head ho do you choose your target
soon head going to be like this
Ignored
OK. I will mention reasons for entry, sl and tp in my next trades.
First of the last two trades (the 60 pip trade) was for a bounce from the blue trendline before it touches a major support below (pink line). My sl was just above the pink line but if I had tried to put my sl below that pink line, the tp target would have been above my bounce expecatation for a 1:1 win:loss ratio. Therefore I took a risky chance. The intention was (and still is) that if it hits the sl (which it did) I would go for two consecutive longs. First of these two longs was that last trade for 170 pips (which hit tp this morning). However, I could not enter the second long because I have a life that requires going out for work. Wanted to long for 60 to 80 pips before leaving home, but had no time to study the set-up and therefore did not take the second trade. Have not checked the charts yet, but I think a 200 pip long set-up maybe there.
The Thief of Wall Street