growthbank

[GBPJPY Backtest] Sell idea

Short
FX:GBPJPY   British Pound / Japanese Yen
Okay so the lesson and take away from this trade was to not be so confident when trading against the trend and against a clear buy trend structure. Up until this point this has been the worst trade idea I have had because it was so obvious a buy trend and in my ignorance I ignored all of the signs. We had a deep 78% retracement zone followed by two lower high points and some consolidation in a supply zone. That would have ideally been the perfect place to get a buy trade, but not only did I take a sell, I took a sell with a ton of enthusiasm and an outrageous lot size. Last time I make a dumbass mistake like that again. The next screenshots are going to be a second entry of the same dumbass analysis that I made with this trade. Wow.....

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