Technician
Short

EURGBP: A New Short At Channel Ceiling!

FX:EURGBP   Euro / British Pound
1979 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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Technician

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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
Notes:
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
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Stopped out again.. Have to get some rest of trading now
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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.
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UtterOnce Technician
they say its bad to trade dec and jan apparently
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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
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Good Luck to all, I am in too.
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Thanks for sharing :)
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similar trade entered
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Good luck
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I'm in .Good luck my friend.
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Technician PRO Barabaszek
Wish we compensate for the previous one. Good luck..
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