EURGBP: A New Short At Channel Ceiling!

FX:EURGBP   Euro / British Pound
1980 12 24
*Update: Stopped out
------------------------------------------------------------------------------------------------------------------------------------------------------------I have shorted the pair again near the descending resistance of the short term falling channel , the price printed a pin bar at 0.7920 horizontal resistance. Hope this one goes as anticipated following a few bad trades..

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Stopped out again.. Have to get some rest of trading now
moneymaking Technician
Also got stopped out. Many people's stop losses were hit, that's why we see that big exhaustion candle with a big wick. Oh well, I guess its part of trading.
UtterOnce Technician
they say its bad to trade dec and jan apparently
Technician really enjoy reading your ideas, keep up the great work! Are you still in this trade? I was looking to get back in short if it touches the channel line again, which it has. Interested on your read on this now? Thanks, Nick
Good Luck to all, I am in too.
Thanks for sharing :)
similar trade entered
Technician UtterOnce
Good luck
I'm in .Good luck my friend.
Technician Barabaszek
Wish we compensate for the previous one. Good luck..
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