In this live trading session video, we are analysing the basis for our 2 short trade positions on GBPUSD. We look at why we placed our target very near to entry on 1 position and much further on the 2nd trade position.
Trade active
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No further trail. Trailing stop remains at 1.2429
Trade closed: stop reached
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With the USD retail annoucement news released, we got stopped out at 1.2429.
Overall positions summary on GBPUSD: 1st position: £102 2nd position: -£138 Net P/L: -£36
Remember your edge and keep executing consistently according to your trading plan for your edge to be realized.