(D1) GBP/JPY (SHORT)

- DESCRIPTION -

- Third time that price has reached and refused 147.6
- Shown signs of reversal in the Daily time frame
- Shooting star candle at resistance
- Bearish Bat pattern has also been fulfilled

- CURRENT STATISTICS -

- Number of Trades: 3
- Status of Trades : 3-Active / 0-Wins / 0-Losses
- Current Net Return: 0%


- TRADE INFO -

- Position: Short
- Enter: 146.9 to 147

- Target 1: 145.071
- Stop 1: 147.680

- Target 2: 142.265
- Stop 2: 147.680 ( if target 1 is reached this will be updated to break even


All my trades will have Risk of capital per trade of no more than 3%, however I will always be using 2% unless I say otherwise

- CURRENT OBJECTIVE -

- Target: 11% ROC Monthly

Trade closed: stop reached:

Going to continue watching and wait for a better entry, still a very viable trade.

Comment:

Current Net Return: -2%

Trade active:

Update: Entered again at 147.494 twice to same targets.

Note: Revenge trading and Revised trading are two different things.
Stick to your plan

Trade active:

Current Net Return: +2%

Trade active

Trade closed: target reached:

First Target '145.071' has been reached
Current Net return 6%

Comment:

Stop Loss moved to breakeven

Trade closed: stop reached:

Price reached break-even.
Current Net 10%