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May 26, 2016 9:30 AM

Breakout traders go bye bye. Shorts are in . Short

British Pound/U.S. DollarFXCM

Description

This is not an idea but a suggestion. Don't trade breakouts when the odds are against you. Look to where big institutions are wanting to buy or sell and then go from there. Trend is not your friend . Nothing in regards to trading is your friend. I forgot to post my sell position on this trade but its obvious now where the entry is and TP would be 1.4650.

I'm looking for buys around 1.4600 after I see some price action.
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