Live Trade Overview
A Teen Trader is an educational Site Only. Risk what you can afford to lose.
I’M BACK!!!!! Lets GO! Today i took a few trades, but i will cover just my first trade, which was on GBP/USD and was a short. This trade gained me 28 pips while i slept. Yes it dropped SOOOO much more, but i placed a SL and TP while i sleep. Trading View Won the poll on Instagram, so i will be doing the trades on my trading view! 4h Time Frame
My Entry:
My entry was very nice, it was right after the 4h bearish FTR candle, which to me signified that we are looking for a nice move to the downside, at least into the green zone. Which is where i took profit. Another thing that i took in account was the trend line that i have drawn, which is a 4th trend line touch on the 4h time frame. Indicating to me that the down momentum is still cooking. Last indicator i had to lead me to take shorts was that the daily closed BELOW the previous low that we had, allowing me to happily enter and place a valid stop loss ABOVE that daily close zone.
How to Improve:
How to improve this trade is simple. Let some positions run, assuming i have the ability too. I looked at the daily and had a target of 1.38000, which was SMASHED! Other than that. This trade was bangers! hard to lose when price is so obvious xD
HAPPY TRADING GUYS!
Check out my NEW YouTube Video on Breakouts (here). 100 Likes and ill make another video this weekend.
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