My apologies I didn't post this before I entered but took trade as I was leaving for work and kids school drop off :-)
Idea: Entered long AUDJPY on just before daily close of second indecision candle which formed on the daily support line @ 80.186 .
Stop: 79.458 Inital Stop - Will move to break even once +20 pips is achieved
Entry: 80.244
Profit: 81.100
Opening Account Balance: $537.00
Position Size: 10k
Please note: I'm a complete novice just trying to find my way in the market. Will trade this on a small live account and post result as happens.
Love to hear feedback and criticism about my idea.
Idea: Entered long AUDJPY on just before daily close of second indecision candle which formed on the daily support line @ 80.186 .
Stop: 79.458 Inital Stop - Will move to break even once +20 pips is achieved
Entry: 80.244
Profit: 81.100
Opening Account Balance: $537.00
Position Size: 10k
Please note: I'm a complete novice just trying to find my way in the market. Will trade this on a small live account and post result as happens.
Love to hear feedback and criticism about my idea.
Comment:
Stop moved to break even
Trade closed: stop reached:
Trade closed at 80.256 for +1.2 pips.
We did get as high as 35 pips at one stage and should have probably moved my stop from break even to at least plus 10 pips to lock away some profit.
On to the next one.
We did get as high as 35 pips at one stage and should have probably moved my stop from break even to at least plus 10 pips to lock away some profit.
On to the next one.
Comment:
Opening Balance: $537.00
Closing Balance: $538.28
Closing Balance: $538.28