Despite the first disastrous trade, I decided to overcome my fear, study the market well, look closely at the price movement and i went in using teabreak strategy. Although I won 41 pips, but because the lot size i use is 0.05, Thus total winning is only USD2.05. But nevermind at least I know the game better already. This is my transaction details:
- Position: Sell
- Currency Pair: GBP/USD
- Lot Size: 0.05
- Entry time: GMT 9.22
- Why Enter the Trade? There is a breakout below the lowest point after GMT07:00 candle
- Entry price: 1.6544
- Profit take: 1.6450
- Stop Loss: 1.6503(after adjusted by Trailing Stop-15 pips)
- Exit Time: GMT 09:35
- Why Exit the trade? Hit Stop Loss
- Profit / Loss: 2.05(41pips)
- What do you learn from this trade? If enough study is made, we can be more confident of the price movement and go for lot size 1.00. Experience does count!
I will improve on my trading skill! yes!
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