martes, 11 de abril de 2017

GBPUSD Short +12pips 0.1Lots, +13pips 0.2Lots

I was looking for a short on the cable thinking it'd run the stops accumulating under the consolidation happening and that USDX still had room to run to 101.

I set my order and I got about 30 pips but wasn't moving much after that. I wanted to get 60 pips and get a 3R trade, so I held. The trade started going downhill and eventually closed it.

I'd rather get my 30 pips and be done, than have to sit through hours of price not exactly moving or going sideways, especially in this market. If we had big ranges I'd be inclined to wait through New York session but I'm not at that level yet. I'd rather stick to my trading rules for now and then learn more as I go along.



 I was also looking for EURGBP to go higher from here, but that never materialized.


Despite some mistakes with position sizing and profit taking, the account is still growing at a reasonable rate. I want to make 6% monthly, and in 7 weeks, I'm at 9.29%, which is on pace to achieve those results.


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