Technician
Long

(J) Trade 18 : Long After Breakout #forex

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Update: Closed all position at 1.5560.
Profit =
0.8 lot x -40 = -$320
0.2 lot x +10= $20
Total= -$300

New Balance ~ $28 000
===========================================================================

Trade 17: Long GBPUSD             @1.5600
Trade Status: Active
S.L @ 1.5515
T1 1.5730
T2 1.5900

Balance= $28 297 Position size = 0.8 lot ~ 2.5% risk of capital
===========================================================================
Reasoning
  • 50-days and 200-days averages breakout
  • Trend line break
  • Long-legged doji low suggests potential support

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Technician
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Re entry is now possible with pullback.
Reply
Technician, why did you close the position?
Reply
Thorm andrein
Just look at the charts. It started to be choppy and ranging. When this happens its same as flipping a coin.
+1 Reply
It's time to stop lose money! What do you think to sell audchf? I believe it will go down very soon.
Reply
Update: Closed all position at 1.5560.
Profit =
0.8 lot x -40 = -$320
0.2 lot x +10= $20
Total= -$300
Reply
It's the time to S.
Reply
InvestorR No_more_Post
S?
Reply
He means stop loss. He is very happy.
-1 Reply
Technician TOP Technician
or maybe short.
-1 Reply
No_more_Post Technician
Yup, If people said S = Stop loss ,I would say I am so surprise.
-1 Reply
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