InsideMarket
Short

Trade #5 GBPAUD - Pound corrects against the Aussie.

FX:GBPAUD   British Pound/Australian Dollar
Aussie bends pound below daily and hourly trend lines .

The breakout of those trend lines coincide both at the same level.

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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.

Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.

If target one is hit before opening positions, the trade is cancelled automatically.
albertos
a year ago
lookin D1 chart
Reply
InsideMarket
a year ago
WOW! Look at the volatilty during the night!

At least those radical moves came for the better.
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