GerardValentine

Another Entry into GBP/USD

Short
GerardValentine Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Another entry from a 5 minute orderblock from its broken market structure moving current stops to breakeven and taking partials as it hit my first area of take profit glad I stuck through and didn't change my bias as we were at a weekly orderblock made more returns on my losses through good risk management was worried about my emotions for awhile but with patience and a strong mindset on your bias we def got a decent amount of gain looking to ride this down as far as possible and continually look for reentries with proper risk management to gain more. This is practice for me before i make my account live, this is how i plan to grow my account with 1 trade in the future take a nice rr and continually reenter my same bias as far down as i can. I see this method as the quickest and safest way to grow an account all it takes is one really good trade every week with reentries and proper risk management to gain quickly
Comment:
I have taken most of the money off this trade at this point beautiful trade will still hold at 0.01 to see if the full take profit would have been reached this is a nice trade i took and it goes to show me alot of losses from impatience and forced entries wouldnt undo the good from a decent well executed trade and decent rr with the 3 entries before risking 1% i would have lost 3% but because of the rr of the trade these two successful trades i gather approx 20 rr because of early partials for an easy 17% gain which is decent for growing an account quickly finding these setups across a few pairs every week and executing them will lead to exponential gain every week if i took full profits from both trades it would have easily been at a 32% gain for the week which is great. Find a decent trade and reenter all the way down for easy gains
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