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ernstschwarz

GBPUSD i sold the "cable" at my projected zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ernstschwarz Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Wave Analysis
8
2
trendanalysis waveanalysis
stopploss tight above the zone.

this is not a trade call.

dont risk more than 1-2% of your account on that well calculated stopploss/lotsize!
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snapshot

still in. stopploss is 2950
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finally stopped out but i feel there is downside coming soon! i will enter on another signal i find valid.
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: i hope some new traders can learn here. this is a good example how things work. i got stopped out in the first gbpusd trade and lost 1% of my account. so what. with the next idea ) i risked another 1% of my account and at the time writing i am in a 1:3 profit already. i dont even need a 50% winning trades, that does not matter too much. proper money management and lot-size calculation / risk management is key!
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