EURGBP Short - 50% Retracement of big GBP move
So put pending order in after big GBP move and waited for retracement. Largely the same trade idea for all 3 GBP trades that I am now in.
As per other ideas, need to adjust stops to reduce the account risk, especially with 3 highly correlated GBP trades.
Currently risking 6.87% of my account, which is above my limit of 6%.
As per other ideas, need to adjust stops to reduce the account risk, especially with 3 highly correlated GBP trades.
Currently risking 6.87% of my account, which is above my limit of 6%.
Trade active:
EURGBP Risk 1.72% 2.37R
Moved SL to 0.86650 1.18% risk.
Moved SL to 0.86650 1.18% risk.
Trade active:
No adjustment to this trade today, starting to close below 200 EMA.
Not a strong guidance, of course, but close below both would be a potential positive signal. Be aware last month of data has largely ranged and not paid much attention to the 21 EMA.
Not a strong guidance, of course, but close below both would be a potential positive signal. Be aware last month of data has largely ranged and not paid much attention to the 21 EMA.
Trade closed: stop reached:
Stopped out on 0.8615, protect profit gain of 0.18%. Stop was moved to above break even at 0.8615 as I had multiple trades.
Hasn't gone far but never went near my stop, but risk was too high across account.
Hasn't gone far but never went near my stop, but risk was too high across account.