GBP/USD Trade January 16, 2018




 
 

Live Trade Overview

A Teen Trader is an educational Site Only. Risk what you can afford to lose.

Today we are going to try a different chart format. we are going to show the screen shot that i put on Instagram, see if that works better to show entry exit. If it doesn’t let me know! I will go back! Essentially today we had a nice break to the down aside on GU and i too that trade to create a V and pull back up into or break that consolidation to the upside. Which we did, but we retested support before that, taking out my positions. -10 pips a pop. 15m Time Frame My Entry: How i enter this trade is simple. We waited for rejection and then the minor support to be broken. But as seen and mentioned above, we stalled, consolidated, pulled back and took out my sl before continuing to my tp. -10 but it is what it is. How to improve: Work on entering on the zones and not in the middle, this is a big thing i notice i do on most or all of my losses. And i will no longer be using a physical stop loss because i seem to get tapped SL then tp move when i use physical. I will let her ride! and of course i do not recommend this for those who do not have good discipline…. I do this on most trades, and place sl at end to show we live. And on all my losers i did not. i don’t think its coincidence…

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