(J) Trade 17 : Short term Bearish Setup #forex

FX:GBPUSD   British Pound / U.S. Dollar
5929 51 105
Update: Stopped out
Balance = 28 927 - 630 = $28 297

Trade 17: Pending Short GBPUSD             @1.5530
Trade Status: Pending
S.L @ 1.5635
T1 1.5410
T2 1.5210

Balance = $28 927 Position size = 0.6 lot ~ 2% risk of capital
  • 50-days SMA and Short term trend line could imply short term downside pressures
  • Pin Bar
  • Short term overbought Stochastic
  • Short term trend is down (lower lows and lower highs)

Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.

For Trades rules and guidelines follow this link

My best regards
Subscribe to my trading portal
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Today's doji closed on the mid Bollinger Band. I like this trade at current levels: sell @ 156.30/ SL 156.82/ target 154.55
Sir, where are you
It was a good trade but sometimes it happen. Regards
How Markets breaks your Perfect setups , this trade is very good Example ... Everything was perfect , Market was going down in H4 , MA also ahead , but see how markets trigger pending orders and direct SL ... Anyway , Good luck for Future trades ,,,
kmk.msp Sniper_Trading
only news from hawkish BOE has change the scenario.
+2 Reply
just wonder if trading before news is a good strategy, any experience?
el_g storm7_fx
It is nearly impossible to avoid news that will affect trades. Opening a trade right before a major news event is not recommended, but at some point an open trade will run into a news event.
waylo storm7_fx
I think news are already in the price before they are published at some extent. The price acts differently before major news. It gives some signals and it is possible to predict the movement of the market when news are published. Just like in any other situation though. Unexpected news like this one with gbp dont happen that often. And you always have sl's to cover your back when they occur.
the market is not with us. it is an excellent trade settup! sometimes it happens i gues ;) no problem it isnt on your analyses!
-5 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out