TradingView
hopiplaka1
Nov 3, 2014 9:37 AM

Shorting the GBPUSD after stopped out Short

British Pound/U.S. DollarFXCM

Description

After being stopped out, with half the risk I'm going to short the GBPUSD.
This is an example of being wrong at first sight and try to recover the loss and make some profits again.

Again, we are in a OTE zone and an order block, while the USDX is at a support level
Comments
hopiplaka1
This trade was successful. Although we lost 2% on the first trade, we still have made a bit more than 1% today because of a risk/reward setup of > 3 @ 1% risk.
AusDoc
Good one Hopi. A case of "With courage in your convictions, persistence pays" hey? Being able to "get back on the horse after being thrown" is a real talent. OK, I'm out of cliches now. :)
More