2Greedy
Short

If it aint broke dont fix it

FX:GBPJPY   British Pound/Japanese Yen
156 8 2
6 months ago
I like it when TL's break rather than bounce.

Reason: it is more profitable because stops and trails get taken out in the process
5 months ago
Trade active: TP1 and TP2 have been acheived and amazingly enough stops did not get hit, I usually move stops to BE after tp1 but I totally forgot about this trade and looked at my phone and it was still open lol :D. TP3(152.00, I did not specify this price point) has also been hit which I did not expect so soon.

We will now open two orders, both shorts...one will be above current price and one will be below.

152.00 is a strong historical support but we see on higher TF that it is clearly in downtrend. Stay tuned for more.

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2Greedy
Lunch money
2Greedy about GBPUSD 6 months ago
maksheetal
5 months ago
I don't understand this, isn't this suppose to be short? How can TP targets been reached as it's gone up?
Reply
2Greedy maksheetal
5 months ago
Limit order was made, price did go up but never broke our trendline. When it did break it shot down and hit my orders
Reply
maksheetal 2Greedy
5 months ago
Oh, okay, thanks. I'm still learning!
Reply
2Greedy maksheetal
5 months ago
No problem, im glad you learned something. Always remember, patience is key. It is worth more than your $ profit and is more valuable than your entry or exit point.
Reply
maksheetal 2Greedy
5 months ago
Thanks for the advice, I agree, I have been taken out soo many times because of the trend going the opposite way only to come back and do as I had thought! I need to ensure I give it more room to develop and enter at the right time, with patience!
Reply
maksheetal 2Greedy
5 months ago
Do you always trade the 15 chart?
Reply
2Greedy maksheetal
5 months ago
I trade any and all timeframes. If I feel like going out and eating an expensive lunch/dinner then I will start playing with the 5min but usually nothing less than that.
Reply
maksheetal 2Greedy
5 months ago
I just looked at it again and saw the whole picture, yes it really dropped!!
Reply
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