justatrader
Long

GBPUSD - Short term long

FX:GBPUSD   British Pound / U.S. Dollar
285 7 3
Bullish flag with a confirmation of a bullish engulfing/piercing line candle formation
Game over!!! Now onto cracking EURGBP
Reply
Trade is at BE now after entering at 1.59896.
Reply
pmks1 justatrader
i was stopped out even i gave it 3 pips ekstra :( ... what did i do wrong ?
Reply
pmks1 pmks1
aha, i see you re-entered ?
Reply
Yep I re-entered after I got stopped out. It was a classic stop hunt, knowing very well that many stop orders are placed at/near that level, which was also a nice bullish signal pattern. it happens every now and then especially on intra day charts of 60m and lower. When I usually trade 60m charts, first trade is always micro lot. Original plan was to add to position after resistance at the top of flag at 1.6016 would be tested for support. But instead got stopped out at the bottom end, so entered with 0.05 lots to make up for the losses closing in half the position at 1.6016 and moving to BE to let the rest of the trade ride out risk free.
Reply
Stop hunting at its best!!! Long again.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out