Category: Uncategorized

Buy due to:

• Uptrend
• Bullish pinbar 3 days ago confirmed by 2 bullish candles

Trade 1:
Lot: 0.02
buy: 0.88543
Stop Loss: 0.87543 (100 pips) (USD 24.32) (1.6%)
Take Profit: 0.90543 (200 pips) (USD 48.64) (3.2%)

Seems like this is a very long trade, might consider to buy more in future once the resistance is broken.

Selling due to:-

• Daily Downtrend + H4 Downtrend
• Candles rejecting higher prices in H4

Trade 1:
Lot: 0.02
Sell: 1.75854
Stop Loss: 1.76854 (100 pips) [USD 13.83] (1%)
Take Profit: 1.73854 (200 pips) [USD 27.67] (2%)

Trade 2:
Lot: 0.05
Sell: 1.75930
Stop Loss: 1.76930 (100 pips) [USD 13.83] (1%)
Take Profit: 1.73930 (200 pips) [USD 27.67] (2%)

Both trades from previous post hit their stop losses, then the market when down.

Results:

Trade 1 Loss: USD 14.89
Trade 2 Loss: USD 15.06
Total: USD 29.95 (2%)

So far I’m down by USD 46.18 (3.07% of my original capital).

Lesson learned:

• Give sufficient room for the market to pullback