GBPUSD thoughts

[Triple B]

oh tomorrow. Yes long GBP USD . But will check trade in the morning. decide then whether to leave it on or close, if stop or Target not hit

 

[willoneau]

Watching sideways move will look to remove half of my position

 

[willoneau]

oh tomorrow. Yes long GBP USD . But will check trade in the morning. decide then whether to leave it on or close, if stop or Target not hit

Might want to place stops in market
ops just noticed you do have stop

 

[willoneau]

Closed half position at 2867, 21pips

 

[Triple B]

yep always have stops. Im off to bed . 4 open all at full R . Looks like Monday might be a losing day again ,will know in the morning. Good night .Good luck!

 

[willoneau]

Entry long new position tighten stops

 

[willoneau]

OK take care Triple B

 

[willoneau]

closed one position at 2866, -15.2pips
closer look at trade, entry not followed correctly so bad trade

 

[willoneau]

Entry position 2874

 

[willoneau]

Closed half position at 2920 leaving one full position long
66.6 pips profit

 

[willoneau]

Close half position at 2903
29.5 pips profit

 

[willoneau]

Exit position 2858, -15pips

 

[willoneau]

Open long 2864
stopped -34pips

 

[willoneau]

Open long 2853

 

[willoneau]

OK went to bed and stopped out while asleep
-9pips

 

[willoneau]

Just got up saw a trade and entered going long at 2866

 

[willoneau]

Now because of my platform i have to put two trades on together to be able to close one, which is why i say close half position . So yesterday with only the two errors my stats which are
total trades- 12 (halves)
wins - 4
losses - 8
avg win - 30.6 pips
avg loss - 10.3 pips
%return - 4.74 ( small account trading with 5% risk)
profit factor - 1.41

 

[willoneau]

My thoughts on yesterday -I had a price target to continue to go short but never reached as it just fell over. I don't chase price so watched as it fell to 2827 which was a large move in first half of session and became a counter trend trade (don't like them much) and my play for the period hoping to get up to my short target before NY closed and resume going with my short outlook. My first target was reached but that became the high of the session (well close enough for me anyway).

 

[willoneau]

Two positions opened at 2866 -
closed one at 2879, 13pips profit

 

[willoneau]

Now because of my platform i have to put two trades on together to be able to close one, which is why i say close half position . So yesterday with only the two errors my stats which are
total trades- 12 (halves)
wins - 4
losses - 8
avg win - 30.6 pips
avg loss - 10.3 pips
%return - 4.74 ( small account trading with 5% risk)
profit factor - 1.41

5% risk is not entirely true, that is max position risk any greater trade isn't taken. So risk varies below that, today's first trade actually had a risk % of about 2.5%.