Long on potential trendline bounce

AUDUSD

Entered long on potential trendline bounce

Entry @.75102
Initial Stop @.74944 (trailing at 10 pips)
Flexible Target @ .75503 (will adjust based on speed of move)


Trading a demo account and as always feedback or comments welcomed. Its how we get better.

Happy pipping.

Trade active:

Entered @.75102

Initial Stop @.74944 (trailing at 10 pips)

Flexible Target @ .75503 (will adjust based on speed of move)

Comment:

Stop moved to +1

Comment:

Stop moved to +9.2 because market moving quite slow.

Comment:

stop moved to low of previous 30min bar low .75210 (+10.8pips)

Will let trade run auto on 10 pip trailing stop

Comment:

Some reasoning to why I've been manually moving stop. Been looking at 5 minute trendline that has been established and respected. As you can see I can't tolerate see pips slide away in re-tracements (make my stomach feel ill :-)

Also been playing with trying to move stops to break even as soon as possible.

Trade closed: stop reached:

position closed @.75230 +12.8pips