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#GPBUSD - What went wrong in my trade?
British Pound / U.S. Dollar
#GPBUSD - What went wrong in my trade?
By Robert_Rother
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Oct 7, 2020
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Oct 7, 2020
Good Day Traders!
Many times, there is no time to publish my trade ideas on time because I am in a different language zone from TV active.
Despite that, I would like to post my trade results including my analysis for you.
It is for educational purposes. I do that after every trade to see what went wrong or not?
All trades, by the way, are real!
Strategy
Entry
• SR (Support becomes Resistance)
• Short-term upward trend broken
Exit
• Volatility-based
• Back to outbreak level
• Maximum risk of 1% of the capital
Comments
The setup was OK. Upward trend broken. Unfortunately, I set the stop loss too tight. Really a stupid mistake. Stopped out by 1 PIP.
Improvements
• Stop Management (reduce position size to increase stop loss size)
Trend Analysis
Robert_Rother
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