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DarkoFX
May 4, 2019 5:07 PM

False breakout and a 2.5% loss on this one 

British Pound/U.S. DollarFXCM

Description

Hello, I gave a short signal recommendation last week on GPUSD. Unfortunately, the price went back and now is above falling trend-line as we can see on a screenshot. I lost 2.5% of my capital and really do not understand what is to worry about it.No revenge trades, no compounding, no trying to understand why my trade didn't work out, just accept the loss and move forward like every professional trader. So, back to the chart, at this point in time, it is almost easy to switch side to the long but it is still a choppy market without a clear trend direction or clear chart pattern. So, I am watching it again like every other market I trade and analyze.
Comments
Domsax48
...spoke from my heart! I had a short running for days, just to get stopped out in a matter of hours 'out of the blue.' One of the hardest scenarios to accept, and I'm getting somewhat 'fed up' with GBPUSD (and GBP pairs in general). Saying that their price action is 'shaky' is an understatement in the last few months... At the same time it also teaches humility and patience towards the market.
DarkoFX
@Domsax48, right said.
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