The month of April has been successful for me overall. I managed to earn 7% last week, and I'd like to share one of my three trades, that earned me the overall 7%!
GBPUSD
has been fundamentally on the forecast in the news. With the US not cutting FED rates, this puts a pound on the Great British economy! I have learned to incorporate fundamental analysis into my trades because I have had some excellent chart work in the past, but the price still went the other way. So now I value what is going on in the markets.
DID I FOLLOW MY PLAN?
Yes, entered in my session!
WHAT DID I DO WELL?
1. Identified Reversal Candlesticks in higher timeframes!
WHAT CAN I DO BETTER?
Allow price to reach my TP, and set my stop loss at TP1 and 2 before I pull out!
WHAT DID I LEARN?
To stick to my rules regardless of what the market is doing!
DID I PREPARE PROPERLY?
Yes, I waited for my confirmations to verify my entry!
WHY DID I TAKE THIS TRADE?
I saw the trend continue its bearish direction!
WHAT IS IT YOU WERE SEEING?
Price exhausting in the lower timeframes.
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
You only miss 100% of the shots you do not take!
WHERE DID YOU EXIT?
1.24384
WHICH SESSION DID YOU EXIT?
USA
GBPUSD
has been fundamentally on the forecast in the news. With the US not cutting FED rates, this puts a pound on the Great British economy! I have learned to incorporate fundamental analysis into my trades because I have had some excellent chart work in the past, but the price still went the other way. So now I value what is going on in the markets. DID I FOLLOW MY PLAN?
Yes, entered in my session!
WHAT DID I DO WELL?
1. Identified Reversal Candlesticks in higher timeframes!
WHAT CAN I DO BETTER?
Allow price to reach my TP, and set my stop loss at TP1 and 2 before I pull out!
WHAT DID I LEARN?
To stick to my rules regardless of what the market is doing!
DID I PREPARE PROPERLY?
Yes, I waited for my confirmations to verify my entry!
WHY DID I TAKE THIS TRADE?
I saw the trend continue its bearish direction!
WHAT IS IT YOU WERE SEEING?
Price exhausting in the lower timeframes.
GIVE ME A BRIEF SUMMARY IN 1-2 SENTENCES:
You only miss 100% of the shots you do not take!
WHERE DID YOU EXIT?
1.24384
WHICH SESSION DID YOU EXIT?
USA