$100k Challenge - GBPUSD Long - E14 T1 - Trade Review
Hey everyone!
Well, definitely, not a great outcome. So far the challenge has been quite choppy, 2 stop losses due to bad trading decisions, and this makes the third regular stop loss. However, 5 losing trades don't make nor break a good trading plan!
There are still about 5 more stop-loss bullets to go through on the current challenge and I'm prepared to take on a few more attempts as winning and losing streaks can come and go at basically any time, so, all things considered, everything is going within expectations.
Anyways! Into the journal notes!
This trade, in my opinion, was a good setup overall. Unfortunately, even though the market rejected a few times the support zones we had, we ended up seeing enough of a bearish push to break it and hit the SL.
The only thing to consider for this setup in my opinion, perhaps using the H4 descending trendline as the make-or-break for the trade could've been a better approach. In other words, executing until that correction trendline breaks. Definitely, a thing I'll keep an eye on for future trades.
Well, definitely, not a great outcome. So far the challenge has been quite choppy, 2 stop losses due to bad trading decisions, and this makes the third regular stop loss. However, 5 losing trades don't make nor break a good trading plan!
There are still about 5 more stop-loss bullets to go through on the current challenge and I'm prepared to take on a few more attempts as winning and losing streaks can come and go at basically any time, so, all things considered, everything is going within expectations.
Anyways! Into the journal notes!
This trade, in my opinion, was a good setup overall. Unfortunately, even though the market rejected a few times the support zones we had, we ended up seeing enough of a bearish push to break it and hit the SL.
The only thing to consider for this setup in my opinion, perhaps using the H4 descending trendline as the make-or-break for the trade could've been a better approach. In other words, executing until that correction trendline breaks. Definitely, a thing I'll keep an eye on for future trades.
